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Filing year 2024

Presque Isle Electric & Gas Co-op

Onaway, Michigan·EIN 38-0941545·501(c)(12)
Total revenue
$69.7M
Total assets
$240.2M
Total expenses
$72.6M
Reported officers
18
Mission

To provide energy and other services to sustain and improve the quality of life for our members through the use of a cooperative business structure.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 18 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President & CEO (as of May 2024)
75th to 90th percentile
$230k
$247k
Base
$214k
Bonus
Other
$2k
Benefits
$16k
President & CEO (until June 2024)
75th to 90th percentile
$221k
$238k
Base
$188k
Bonus
Other
$5k
Benefits
$10k
Class a Lineman
Highest Compensated Employee
Median to 75th percentile
$220k
$237k
Base
$177k
Bonus
Other
$288
Benefits
$34k
Working Foreman
Highest Compensated Employee
Median to 75th percentile
$218k
$234k
Base
$180k
Bonus
$60
Other
$826
Benefits
$28k
Working Foreman
Highest Compensated Employee
Median to 75th percentile
$217k
$233k
Base
$173k
Bonus
$30
Other
$475
Benefits
$34k
CFO
75th to 90th percentile
$192k
$207k
Base
$120k
Bonus
Other
$2k
Benefits
$40k
Staking Engineer
Highest Compensated Employee
Median to 75th percentile
$182k
$196k
Base
$160k
Bonus
$30
Other
$826
Benefits
$13k
Class a Lineman
Highest Compensated Employee
Median to 75th percentile
$172k
$186k
Base
$162k
Bonus
Other
$115
Benefits
$2k
Director Info Tech(until Aug 2024)
Key Employee
Median to 75th percentile
$171k
$183k
Base
$156k
Bonus
Other
$654
Benefits
$1k
Secretary/chairman
Officer (Unspecified)
$14k
$16k
Treasurer
Officer (Unspecified)
$14k
$15k
Vice Chairman/chairman/director
Board Member
25th percentile to median
$14k
$15k
Director
Board Member
25th percentile to median
$14k
$15k
Director
Board Member
25th percentile to median
$14k
$15k
Director/vice Chairman
Board Chair
25th percentile to median
$12k
$13k
Director/secretary
Officer (Unspecified)
$12k
$13k
Director
Board Member
25th percentile to median
$12k
$13k
Director (as of Nov 2024)
Board Member
Below 10th percentile
$920
$990

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Down 16%
from 2023

From $273k in 2023 to $230k in 2024.

$273k
2023
$230k
2024
In today's dollarsEst.
Down 18% in real terms$302k to $247k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay fell 16% from 2023 to 2024, while revenue rose 15%.

$273k in 2023 to $230k in 2024.
  • Highest Compensated Employee pay rose 7% from 2023 to 2024.
  • Chief Financial Officer pay rose 9% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

Presque Isle Electric & Gas Co-op reported revenue and expenses across 2 filing years.

RevenueExpenses
$60.7M
$63.6M
2023
$69.7M
$72.6M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about Presque Isle Electric & Gas Co-op

What does the Chief Executive Officer of Presque Isle Electric & Gas Co-op earn?

In 2024, the Chief Executive Officer of Presque Isle Electric & Gas Co-op received $230,035 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among nonprofits nationwide, across all sectors, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at Presque Isle Electric & Gas Co-op compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at Presque Isle Electric & Gas Co-op falls between the 75th and 90th percentiles.

What are Presque Isle Electric & Gas Co-op's revenue and expenses?

In 2024, Presque Isle Electric & Gas Co-op reported $69.7M in total revenue and $72.6M in total expenses on its IRS Form 990.

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