Great Lakes Energy Cooperative
Boyne City, MI · EIN 38-3321875 · Rank 2,327 by total revenue
To deliver reliable electric service at the best possible value for rural Michigan members.
Money, Form 990 for tax year 2024
- Total revenue
- $278,373,109
- Total expenses
- $275,076,316
- Total assets
- $1,040,503,055
- Salary base (all salaries and wages)
- $37,714,869
- Salaries, other pay and benefits
- $46,217,364
- Employees
- 320
- Salary base per employee
- $117,859
"Salary base" is Form 990 Part IX lines 5 to 7. "Employees" is everyone who got a W-2 that year, full or part time. Form 990-EZ and 990-PF report pay differently; see About the data.
Leadership (14)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| Shaun Lamp | President & CEO | Officer | 57 | $751,086 |
| Jennifer Wilson | Chief Impact Officer | Officer | 51 | $502,558 |
| Shari Culver | Chief Operating Officer | Officer | 49 | $488,827 |
| John Fettig | Chief Financial Officer (End Apr) | Officer | 58 | $453,492 |
| Denne' Smith | Chief Financial Officer (Beg Apr) | Officer | 58 | $450,915 |
| Howard Bowersox | Chairman | Board, Officer | 9 | $47,100 |
| Paul Byl | Secretary | Board, Officer | 6 | $33,600 |
| Dale Farrier | Treasurer | Board, Officer | 3 | $30,200 |
| Janet Anderson | Vice Chairman | Board, Officer | 6 | $29,200 |
| John LaForge | Director | Board | 5 | $39,350 |
| Mark Carson | Director | Board | 3 | $39,300 |
| Mary O'Connell | Director | Board | 9 | $38,850 |
| Rick Evans | Director | Board | 8 | $35,700 |
| David Coveyou | Director | Board | 3 | $31,300 |
Top 10 paid people listed
These 10 people received $4,382,391, which is 11.6% of the $37,714,869 salary base shared by 320 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| Shaun Lamp | President & CEO | Officer | 57 | $585,268 | $0 | $165,818 | $751,086 |
| Jennifer Wilson | Chief Impact Officer | Officer | 51 | $331,141 | $0 | $171,417 | $502,558 |
| Shari Culver | Chief Operating Officer | Officer | 49 | $338,770 | $0 | $150,057 | $488,827 |
| Daryl Desloover | VP of Information Technology | Highly paid employee | 57 | $312,116 | $0 | $169,865 | $481,981 |
| John Fettig | Chief Financial Officer (End Apr) | Officer | 58 | $327,015 | $0 | $126,477 | $453,492 |
| Denne' Smith | Chief Financial Officer (Beg Apr) | Officer | 58 | $304,823 | $0 | $146,092 | $450,915 |
| Kevin Forbes | Director of Operations | Highly paid employee | 60 | $232,397 | $0 | $131,387 | $363,784 |
| Ashley Smith | VP of Engineering | Highly paid employee | 60 | $287,876 | $0 | $68,104 | $355,980 |
| Thomas McLouth | Lineworker | Highly paid employee | 54 | $217,235 | $0 | $59,177 | $276,412 |
| Nicholas Ochampaugh | Lineworker | Highly paid employee | 55 | $216,894 | $0 | $40,462 | $257,356 |
Sources
- IRS e-file return 202533109349301948 (Form 990, period ending 2024-12-31): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 38-3321875
- Organization website (as filed): www.gtlakes.com