Peninsula Light Company Inc

Gig Harbor, WA
Tax-exempt since April 1927
EIN: 91-0361270

Receive an email when new data is available for this organization.

Type of Nonprofit

Designated as a 501(c)(12) Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Revenue

$66.1M (2022)

Expenses

$60.3M (2022)

Total Assets

$209M (2022)

Total Liabilities

$38.9M (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Revenue

$66,134,735

Expenses

$60,294,937

Net Income

$5,839,798

Net Assets

$170,257,440

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$64,920,598	98.2%
Investment Income	$241,134	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$517,952	0.8%
Net Fundraising	$0
Sales of Assets	$39,551	0.1%
Net Inventory Sales	$0
Other Revenue	$415,500	0.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,196,191	2.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,732,612	2.9%

Assets/Debt
Total Assets	$209,146,749
Total Liabilities	$38,889,309
Net Assets	$170,257,440

Club or Co-Op Income
Income From Members	$65,273,312
Income From Other Sources	$725,035

Compensation

Key Employees and Officers	Compensation	Related	Other
Taghavi Jafar (Chief Executive Officer)	$518,848	$0	$183,151
Sorensen Andy (Working Foreman)	$210,822	$0	$54,691
Edlund Jason (Apprentice Lineman)	$194,959	$0	$34,551
Robson Cory (Journeyman Lineman)	$178,948	$0	$32,285
Crosby Brian (Journeyman Lineman)	$175,800	$0	$70,459
Redmond Ryan (Chief Resources Officer)	$172,677	$0	$34,958
Hancock Dana (Chief Business Officer)	$145,943	$0	$95,899
Junge Scott (President & Director)	$31,350	$0	$0
Smalley James (Secretary & Director)	$29,350	$0	$0
Uddenberg Signo (Board Of Director)	$29,350	$0	$0
Alvestad L Paul (Board Of Director)	$29,050	$0	$0
Jorgenson Marc (Treasurer & Director)	$28,300	$0	$0
Ross Debra (Vice President & Director)	$27,050	$0	$0
Markovich Nick (Board Of Director)	$25,250	$0	$0
Spadoni Roger M (Board Of Director)	$24,500	$0	$0
Gatherum Erin (Board Of Director)	$18,400	$0	$0
Nordfors Spence (Board Of Director)	$9,750	$0	$0

+ View more people

990

Filed on Nov. 14, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$64,241,054

Expenses

$57,230,914

Net Income

$7,010,140

Net Assets

$164,396,105

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$62,754,673	97.7%
Investment Income	$231,145	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$499,214	0.8%
Net Fundraising	$0
Sales of Assets	$111,222	0.2%
Net Inventory Sales	$0
Other Revenue	$644,800	1.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,063,111	1.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,630,063	2.8%

Assets/Debt
Total Assets	$206,412,044
Total Liabilities	$42,015,939
Net Assets	$164,396,105

Club or Co-Op Income
Income From Members	$65,207,737
Income From Other Sources	$1,009,071

Compensation

Key Employees and Officers	Compensation	Related	Other
Taghavi Jafar (Chief Executive Officer)	$483,653	$0	$178,263
Robson Cory (Journeyman Lineman)	$219,216	$0	$35,590
Sorensen Andy (Journeyman Lineman)	$208,725	$0	$40,894
Simpson Michael (Chief Operating Officer)	$176,206	$0	$90,865
Schroeder Ricky (Working Foreman)	$164,652	$0	$87,516
Redmond Ryan (Chief Resource Officer)	$163,628	$0	$42,266
Hall Lisa (Chief Business Officer)	$111,909	$0	$60,636
Jorgenson Marc (Board Of Director)	$28,300	$0	$0
Uddenberg Signo (Board Of Director)	$27,950	$0	$0
Alvestad L Paul (President & Director)	$25,950	$0	$0
Markovich Nick (Board Of Director)	$25,750	$0	$0
Ross Debra (Secretary & Director)	$25,250	$0	$0
Spadoni Roger M (Board Of Director)	$24,350	$0	$0
Junge Scott (Vice President & Director)	$23,950	$0	$0
Smalley James (Board Of Director)	$23,700	$0	$0
Nordfors Spence (Treasurer And Director)	$23,450	$0	$0

+ View more people

990

Filed on Nov. 15, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$63,945,566

Expenses

$58,963,868

Net Income

$4,981,698

Net Assets

$158,480,672

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$62,334,559	97.5%
Investment Income	$263,569	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$453,701	0.7%
Net Fundraising	$0
Sales of Assets	$148,337	0.2%
Net Inventory Sales	$0
Other Revenue	$745,400	1.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,160,725	2.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,274,597	2.2%

Assets/Debt
Total Assets	$203,553,467
Total Liabilities	$45,072,795
Net Assets	$158,480,672

Club or Co-Op Income
Income From Members	$62,649,767
Income From Other Sources	$1,199,077

Compensation

Key Employees and Officers	Compensation	Related	Other
Taghavi Jafar (Chief Executive Officer)	$482,417	$0	$253,371
Caines Daniel (Journeyman Lineman)	$172,845	$0	$57,237
Simpson Michael (Chief Operations Officer)	$170,432	$0	$84,191
Hall Lisa (Chief Business Officer)	$161,892	$0	$57,660
Wickstrom Kenneth (Working Foreman)	$139,872	$0	$104,078
Wainwright Daniel (Working Foreman)	$126,331	$0	$101,625
Iverson Christy (Member Service Manager)	$116,680	$0	$110,048
Markovich Nick (Board Of Director)	$24,850	$0	$0
Alvestad L Paul (President & Director)	$24,800	$0	$0
Jorgenson Marc (Board Of Director)	$23,600	$0	$0
Uddenberg Signo (Board Of Director)	$23,535	$0	$0
Ross Debra (Secretary & Director)	$23,100	$0	$0
Spadoni Roger M (Board Of Director)	$21,600	$0	$0
Smalley James (Board Of Director)	$21,300	$0	$0
Nordfors Spence (Treasurer And Director)	$21,300	$0	$0
Junge Scott (Vice President & Director)	$21,300	$0	$0

+ View more people

990

Filed on Nov. 16, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$61,215,372

Expenses

$55,564,388

Net Income

$5,650,984

Net Assets

$149,374,000

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$60,020,283	98.0%
Investment Income	$273,834	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$460,046	0.8%
Net Fundraising	$0
Sales of Assets	$38,009	0.1%
Net Inventory Sales	$0
Other Revenue	$423,200	0.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,461,739	2.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$151,828	0.3%

Assets/Debt
Total Assets	$196,809,863
Total Liabilities	$47,435,863
Net Assets	$149,374,000

Club or Co-Op Income
Income From Members	$60,296,126
Income From Other Sources	$780,160

Compensation

Key Employees and Officers	Compensation	Related	Other
Jafar Taghavi (Ceo See Sch. O Page 2)	$840,598	$0	$169,829
Cory Robson (Wireman Foreman)	$158,243	$0	$32,675
Michael Simpson (Chief Operations Officer)	$156,307	$0	$73,584
Ryan Redmond (Chief Resources Officer)	$151,326	$0	$38,576
Andy Sorensen (Journeyman Lineman)	$149,609	$0	$13,993
William Cannon (Journeyman Lineman)	$137,882	$0	$37,321
Jessica Wiggle (Controller)	$103,670	$0	$26,409
Lisa Hall (Chief Business Officer)	$93,483	$0	$0
Nick Markovich (Board Of Director)	$26,900	$0	$0
Signo Uddenberg (Board Of Director)	$26,600	$0	$0
Debra Ross (Secretary And Director)	$25,850	$0	$0
Paul L Alvestad (President And Director)	$25,550	$0	$0
Marc Jorgenson (Board Of Director)	$25,350	$0	$0
Roger M Spadoni (Board Of Director)	$24,950	$0	$0
Scott Junge (Vice President And Director)	$23,550	$0	$0
Spence Nordfors (Treasurer And Director)	$23,550	$0	$0
James Smalley (Board Of Director)	$15,450	$0	$0
Jeffrey A Bucholz (Board Of Director)	$10,000	$0	$0

+ View more people

990

Filed on Nov. 16, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2018

Revenue

$59,592,041

Expenses

$52,929,980

Net Income

$6,662,061

Net Assets

$143,671,071

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$58,379,018	98.0%
Investment Income	$212,166	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$465,045	0.8%
Net Fundraising	$0
Sales of Assets	$31,766	0.1%
Net Inventory Sales	$46	0.0%
Other Revenue	$504,000	0.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,130,670	2.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$453,642	0.9%

Assets/Debt
Total Assets	$188,121,353
Total Liabilities	$44,450,282
Net Assets	$143,671,071

Club or Co-Op Income
Income From Members	$58,484,271
Income From Other Sources	$939,753

Compensation

Key Employees and Officers	Compensation	Related	Other
Jafar Taghavi (Ceo)	$356,356	$0	$179,200
Michael Mcnellis (Operations Superintendent)	$151,156	$0	$100,373
Cory Robson (Wireman Foreman)	$142,631	$0	$32,606
Michael Simpson (Engineering Manager)	$142,311	$0	$74,049
Ryan Redmond (Chief Resources Officer)	$141,403	$0	$27,605
Andy Sorensen (Journeyman Lineman)	$130,250	$0	$0
Bettyjo Parkison (Chief Administrative Officer)	$121,917	$0	$47,024
Jessica Wigle (Controller)	$102,360	$0	$19,023
Scott Junge (Board Of Director)	$27,050	$0	$0
Signo Uddenberg (President And Director)	$27,050	$0	$0
Marc Jorgenson (Treasurer And Director)	$26,800	$0	$0
Debra Ross (Board Of Director)	$24,750	$0	$0
Jeffrey A Bucholz (Secretary And Director)	$24,550	$0	$0
Nick Markovich (Board Of Director)	$24,100	$0	$0
Paul L Alvestad (Vice President And Director)	$23,550	$0	$0
Spence Nordfors (Board Of Director)	$22,800	$0	$0
Roger M Spadoni (Board Of Director)	$21,550	$0	$0

+ View more people

990

Filed on Nov. 16, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$60,005,259

Expenses

$50,415,230

Net Income

$9,590,029

Net Assets

$136,968,534

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$59,295,279	98.8%
Investment Income	$202,815	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$444,524	0.7%
Net Fundraising	$0
Sales of Assets	$45,016	0.1%
Net Inventory Sales	$625	0.0%
Other Revenue	$17,000	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,133,630	2.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$585,551	1.2%

Assets/Debt
Total Assets	$183,170,940
Total Liabilities	$46,202,406
Net Assets	$136,968,534

Club or Co-Op Income
Income From Members	$59,562,431
Income From Other Sources	$344,355

Compensation

Key Employees and Officers	Compensation	Related	Other
Jafar Taghavi (Ceo)	$347,955	$0	$169,338
Michael Mcnellis (Operations Superintendent)	$150,946	$0	$85,676
Scott Anderson (Information Services Manag)	$145,056	$0	$86,384
Andrew Herrera (Operations Assistant)	$122,762	$0	$61,107
Scott L Beal (Warehouse Supvr/ Purchasing Agent)	$104,542	$0	$86,397
John Shepherd (Cbo)	$92,979	$0	$8,357
Signo Uddenberg (President)	$28,700	$0	$0
Debra Ross (Director)	$26,350	$0	$0
Nick Markovich (Director)	$25,600	$0	$0
Marc Jorgenson (Treasurer)	$25,300	$0	$0
Spence Nordfors (Director)	$24,700	$0	$0
Scott Junge (Director)	$24,300	$0	$0
Jeffery Bucholz (Secretary)	$22,950	$0	$0
L Paul Alvestad (Vice President)	$22,450	$0	$0
Roger Spadoni (Director)	$22,200	$0	$0
Robert Draggoo (Cfo)	$14,893	$0	$40,936

+ View more people

990

Filed on Sept. 14, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2016

Revenue

$55,735,765

Expenses

$49,225,607

Net Income

$6,510,158

Net Assets

$127,341,610

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$54,822,938	98.4%
Investment Income	$30,614	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$413,459	0.7%
Net Fundraising	$0
Sales of Assets	$12,275	0.0%
Net Inventory Sales	$679	0.0%
Other Revenue	$455,800	0.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$949,069	1.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$720,412	1.5%

Assets/Debt
Total Assets	$176,283,915
Total Liabilities	$48,942,305
Net Assets	$127,341,610

Club or Co-Op Income
Income From Members	$54,894,488
Income From Other Sources	$561,904

Compensation

Key Employees and Officers	Compensation	Related	Other
Jafar Taghavi (Ceo)	$325,252	$0	$164,047
Robert Draggoo (Cfo)	$173,410	$0	$81,564
Michael Mc Nellis (Operations Superintendent)	$144,416	$0	$82,446
Cory Robson (Wireman Foreman)	$136,179	$0	$27,552
Michael Simpson (Engineering Manager)	$136,160	$0	$69,793
Scott Anderson (Information Services Manag)	$125,117	$0	$75,946
Andrew Herrera (Operations Assistant)	$119,219	$0	$53,790
Marc Jorgenson (Treasurer)	$25,944	$0	$0
Signo Uddenberg (Vice President)	$25,238	$0	$0
Roger Spadoni (Director)	$25,034	$0	$0
Nick Markovich (President)	$23,123	$0	$0
Scott Junge (Director)	$22,550	$0	$0
Debra Ross (Dire Ctor)	$22,397	$0	$0
Jeff Bucholz (Secretary)	$21,350	$0	$0
Spence Nordfors (Dire Ctor)	$21,160	$0	$0
L Paul Alvestad (Dire Ctor)	$18,000	$0	$0

+ View more people

990

Filed on Oct. 5, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$55,650,996

Expenses

$46,187,877

Net Income

$9,463,119

Net Assets

$120,769,699

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$54,618,237	98.1%
Investment Income	$236,607	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$443,040	0.8%
Net Fundraising	$0
Sales of Assets	$25,092	0.0%
Net Inventory Sales	-$2,180
Other Revenue	$330,200	0.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$934,714	2.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$877,201	1.9%

Assets/Debt
Total Assets	$172,478,953
Total Liabilities	$51,709,254
Net Assets	$120,769,699

Club or Co-Op Income
Income From Members	$54,647,187
Income From Other Sources	$1,030,257

Compensation

Key Employees and Officers	Compensation	Related	Other
Jafar Taghavi (Ceo)	$313,478	$0	$150,914
Robert Draggoo (Cfo)	$169,532	$0	$90,215
Cory Robson (Wireman Foreman)	$141,932	$0	$23,718
Michael Mc Nellis (Operations Superintendent)	$139,902	$0	$85,568
Michael Simpson (Engineering Manager)	$134,393	$0	$72,348
Andy Sorenson (Journeyman Lineman)	$125,352	$0	$6,761
Scott Anderson (Information Services Manager)	$121,851	$0	$59,336
L Paul Alvestad (Dire Ctor)	$26,196	$0	$0
Signo Uddenberg (Vice President)	$25,778	$0	$0
Scott Junge (Director)	$25,288	$0	$0
Spence Nordfors (Dire Ctor)	$24,525	$0	$0
Nick Markovich (President)	$23,350	$0	$0
Debra Ross (Dire Ctor)	$23,038	$0	$0
Marc Jorgenson (Treasurer)	$22,100	$0	$0
Jeff Bucholz (Secretary)	$20,400	$0	$0
Roger Spadoni (Director)	$19,900	$0	$0

+ View more people

990

Filed on Aug. 25, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Revenue

$52,400,959

Expenses

$47,788,529

Net Income

$4,612,430

Net Assets

$111,215,005

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$51,384,128	98.1%
Investment Income	$194,815	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$363,950	0.7%
Net Fundraising	$0
Sales of Assets	$56,257	0.1%
Net Inventory Sales	$2,609	0.0%
Other Revenue	$399,200	0.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$881,253	1.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$838,034	1.8%

Assets/Debt
Total Assets	$165,931,997
Total Liabilities	$54,716,992
Net Assets	$111,215,005

Club or Co-Op Income
Income From Members	$51,674,544
Income From Other Sources	$763,453

Compensation

Key Employees and Officers	Compensation	Related	Other
Jafar Taghavi (Ceo)	$299,197	$0	$171,251
Robert Draggoo (Cfo)	$167,262	$0	$90,743
Michael Mcnellis (Operations Superintendent)	$139,666	$0	$74,521
Michael Simpson (Engineering Manager)	$133,020	$0	$65,515
Cory Robson (Wireman Foreman)	$121,450	$0	$20,722
Scott Anderson (Information Services Manag)	$120,443	$0	$52,339
Brian Wahto (Journeyman Lineman)	$109,612	$0	$27,248
Nick Markovich (President)	$20,250	$0	$0
Signo Uddenberg (Vice President)	$18,550	$0	$0
Marc Jorgenson (Treasurer)	$17,400	$0	$0
L Paul Alvestad (Director)	$16,900	$0	$0
Scott Junge (Director)	$16,900	$0	$0
Spence Nordfors (Director)	$16,700	$0	$0
Jeff Bucholz (Secretary)	$15,450	$0	$0
Roger Spadoni (Director)	$15,450	$0	$0
Debra Ross (Director)	$15,200	$0	$0

+ View more people

990

Filed on Sept. 11, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$53,391,315

Expenses

$44,120,263

Net Income

$9,271,052

Net Assets

$106,542,100

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$51,926,518	97.3%
Investment Income	$499,356	0.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$389,875	0.7%
Net Fundraising	$0
Sales of Assets	$54,304	0.1%
Net Inventory Sales	$17,662	0.0%
Other Revenue	$503,600	0.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$857,356	1.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$796,792	1.8%

Assets/Debt
Total Assets	$164,984,865
Total Liabilities	$58,442,765
Net Assets	$106,542,100

Club or Co-Op Income
Income From Members	$52,193,047
Income From Other Sources	$1,236,939

Compensation

Key Employees and Officers	Compensation	Related	Other
Jafar Taghavi (Ceo)	$299,401	$0	$180,190
Robert Draggoo (Cfo)	$162,106	$0	$80,359
Michael Mcnellis (Operations Superintendent)	$138,956	$0	$72,839
Raphael Grinberg (Power Resources Manager)	$131,556	$0	$59,507
Michael Simpson (Engineering Manager)	$131,412	$0	$63,887
Cory Robson (Wireman Foreman)	$117,349	$0	$17,811
Scott Anderson (Information Services Manager)	$115,488	$0	$52,751
Scott Junge (Director)	$18,000	$0	$0
Nick Markovich (President)	$16,900	$0	$0
Marc Jorgenson (Treasurer)	$15,000	$0	$0
L Paul Alvestad (Director)	$14,950	$0	$0
Debra Ross (Director)	$14,800	$0	$0
Roger Spadoni (Director)	$14,600	$0	$0
Signo Uddenberg (Vice President)	$14,050	$0	$0
Spence Nordfors (Director)	$13,750	$0	$0
Jeff Bucholz (Secretary)	$13,250	$0	$0

+ View more people

990

Filed on Aug. 14, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$53,801,757

Expenses

$44,765,692

Net Income

$9,036,065

Net Assets

$97,218,918

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$50,917,670	94.6%
Investment Income	$241,891	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$357,758	0.7%
Net Fundraising	$0
Sales of Assets	$87,702	0.2%
Net Inventory Sales	$18,536	0.0%
Other Revenue	$2,178,200	4.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$789,412	1.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$825,684	1.8%

Assets/Debt
Total Assets	$156,789,939
Total Liabilities	$59,571,021
Net Assets	$97,218,918

Club or Co-Op Income
Income From Members	$51,237,785
Income From Other Sources	$2,953,061

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$51,226,474

Expenses

$40,344,426

Net Income

$10,882,048

Net Assets

$88,139,558

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$49,665,780	97.0%
Investment Income	$315,172	0.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$349,361	0.7%
Net Fundraising	$0
Sales of Assets	$51,308	0.1%
Net Inventory Sales	$29,982	0.1%
Other Revenue	$814,871	1.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$742,632	1.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$817,284	2.0%

Assets/Debt
Total Assets	$153,777,898
Total Liabilities	$65,638,340
Net Assets	$88,139,558

Club or Co-Op Income
Income From Members	$49,950,975
Income From Other Sources	$1,330,274

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated December 2, 2024

Peninsula Light Company Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $66.1M (2022)

Expenses $60.3M (2022)

Total Assets $209M (2022)

Total Liabilities $38.9M (2022)

Tax Filings by Year

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2010

Revenue

$66.1M (2022)

Expenses

$60.3M (2022)

Total Assets

$209M (2022)

Total Liabilities

$38.9M (2022)

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004