GREAT LAKES ENERGY COOPERATIVE: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- GREAT LAKES ENERGY COOPERATIVE (EIN 38-3321875)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-08-14
- IRS object ID
- 201322269349301157
- Schema version
- 2012v2.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-08-14T09:07:36-07:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 383321875 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GREAT LAKES ENERGY COOPERATIVE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | GREA | NameControl |
| Phone | 2315826521 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 70 | AddressLine1 |
| City | Boyne City | City |
| State | MI | State |
| ZIP Code | 49712 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | William Scott | Name |
| Title | VP/Chief Financial Officer | Title |
| Phone | 2315826521 | Phone |
| Date Signed | 2013-08-14 | DateSigned |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Steve Boeckman | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1323 Boyne Ave | AddressLine1 |
| City | Boyne City | City |
| State | MI | State |
| ZIP Code | 49712 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 188772622 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.gtlakes.com | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1998 | YearFormation |
| State Legal Domicile | MI | StateLegalDomicile |
| Activity Or Mission Description | Provide electric service to members. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 9 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 9 | NbrIndependentVotingMembers |
| Total Nbr Employees | 251 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 47414 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 45564 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 170738070 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 187381895 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1111037 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1245917 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 26307 | OtherRevenuePriorYear |
| Other Revenue Current Year | 27491 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 171875414 | TotalRevenuePriorYear |
| Total Revenue Current Year | 188655303 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 9084372 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 11902572 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 2286107 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 2453411 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 160504935 | OtherExpensePriorYear |
| Other Expenses Current Year | 174298872 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 171875414 | TotalExpensesPriorYear |
| Total Expenses Current Year | 188654855 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 0 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 448 | RevenuesLessExpensesCY |
| Total Assets BOY | 405755356 | TotalAssetsBOY |
| Total Assets EOY | 424737654 | TotalAssetsEOY |
| Total Liabilities BOY | 257598471 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 267751291 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 148156885 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 156986363 | NetAssetsOrFundBalancesEOY |
| Mission Description | The mission of Great Lakes Energy Cooperative is to deliver reliable electric service at the best possible value to members of the electric cooperative. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 188654855 | Expense |
| Grants | 0 | Grants |
| Revenue | 187381895 | Revenue |
| Description | Provide electric service to member/customers - approximately 125,000 member/customers. | Description |
| Total Of Other Program Service Exp | 0 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 0 | TotalOfOtherProgramServiceGrnt |
| Total Of Other Program Service Rev | 0 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 188654855 | TotalProgramServiceExpense |
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 1 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 1 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 116 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 251 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Gross Income From Members | 178123498 | GrossIncomeFromMembers |
| Gross Income Other Sources | 9258397 | GrossIncomeOtherSources |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 9 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 9 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 1 | LocalChapters |
| Policies Reference Chapters | 1 | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MI | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | WILLIAM M SCOTT | NamePerson |
| Telephone Number | 2315826521 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1323 BOYNE AVENUE | AddressLine1 |
| City | BOYNE CITY | City |
| State | MI | State |
| ZIP Code | 49712 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (20 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Average Hours Per Week RelatedAverageHoursPerWeekRelated | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|---|---|
| RICHARD WALSWORTH | ||||||||||
| CHAIRMAN | 10.6 | 0 | X | X | 23000 | 0 | 4436 | |||
| MARK CARSON | ||||||||||
| VICE CHAIRMAN | 9.2 | 0 | X | X | 28600 | 0 | 0 | |||
| PAUL BYL | ||||||||||
| SECRETARY | 9.5 | 0 | X | X | 21800 | 0 | 2726 | |||
| LAURENCE MONSHOR | ||||||||||
| TREASURER | 8.3 | 0 | X | X | 27700 | 0 | 0 | |||
| ROBERT KRAN | ||||||||||
| DIRECTOR | 8.5 | 0 | X | 28200 | 0 | 0 | ||||
| RIC EVANS | ||||||||||
| DIRECTOR | 7.4 | 0 | X | 27500 | 0 | 0 | ||||
| ROBERT THUROW | ||||||||||
| DIRECTOR | 6 | 0 | X | 27025 | 0 | 3413 | ||||
| SUSAN SCOTT | ||||||||||
| DIRECTOR | 9.2 | 0 | X | 21000 | 0 | 0 | ||||
| DALE FARRIER | ||||||||||
| DIRECTOR | 8.1 | 0 | X | 18700 | 0 | 2436 | ||||
| PAUL SCHEMANSKI | ||||||||||
| DIRECTOR | 7.4 | 0 | X | 10250 | 0 | 0 | ||||
| STEVEN BOECKMAN | ||||||||||
| PRESIDENT, CHIEF EXECUTIVE OFFICER | 60 | 0 | X | 429186 | 0 | 94748 | ||||
| WILLIAM SCOTT | ||||||||||
| VICE PRES, CHIEF FINANCIAL OFFICER | 60 | 0 | X | 244274 | 0 | 91648 | ||||
| MICHAEL ROBERGE | ||||||||||
| VICE PRESIDENT, ENGINEERING/OPERATIONS | 60 | 0 | 179193 | 0 | 103120 | X | ||||
| PATRICK ANZELL | ||||||||||
| VP, MEMBER SERVICES/REG. AFFAIRS/EO | 60 | 0 | 163585 | 0 | 82254 | X | ||||
| JENNIFER WILSON | ||||||||||
| VICE PRESIDENT, HUMAN RESOURCES | 60 | 0 | 157217 | 0 | 62196 | X | ||||
| SHARI CULVER | ||||||||||
| VP, COMMUNICATIONS/MARKETING | 60 | 0 | 148302 | 0 | 43526 | X | ||||
| DAVID MATZ | ||||||||||
| DIRECTOR OF OPERATIONS | 60 | 0 | 129492 | 0 | 85619 | X | ||||
| JAMES ANCE | ||||||||||
| OPERATIONS MANAGER | 60.00 | 0 | 119769 | 0 | 72496 | X | ||||
| EDWIN ESTELLE | ||||||||||
| FORMER DIRECTOR | 0 | 0 | 25940 | 0 | 0 | X | ||||
| FREDERICK VERMEERSCH | ||||||||||
| FORMER DIRECTOR | 0 | 0 | 17698 | 0 | 0 | X | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1848431 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 648618 | TotalOtherCompensation |
| Number Individuals GT100 K | 30 | NumberIndividualsGT100K |
| Formers Listed | 1 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (4 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation | Address Line2AddressOfContractor/AddressUS/AddressLine2 |
|---|---|---|---|---|---|---|
| Thunder Bay Tree Service LLC | ||||||
| 1172 HALLEY RD | ALPENA | MI | 49707 | Tree trimming contractor | 629900 | |
| Willey Construction LLC | ||||||
| 9485 INGLESIDE RD | LEVERING | MI | 49755 | Electric contractor | 538365 | |
| Dykema Gossett PLLC | ||||||
| DEPT CH 16382 | PALATINE | IL | 60055 | Attorney | 195636 | |
| ROEMER UTILITY SERVICES | ||||||
| 279 KADEN | BOYNE CITY | MI | 49712 | UG BORING CONTRACTOR | 147967 | PO BOX 124 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 4 | NumberOfContractorsGT100K |
| Total Contributions | 0 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue | ExclusionExclusionAmount |
|---|---|---|---|---|---|
| Electric power sold to members | 221000 | 178123498 | 178123498 | 0 | $0 |
| Program related investment income | 221000 | 8825336 | 8825336 | 0 | $0 |
| Pole rental income | 221000 | 383589 | 0 | 0 | $383,589 |
| Tower rental income | 221000 | 46966 | 0 | 46966 | $0 |
| Real property rental income | 221000 | 2506 | 0 | 0 | $2,506 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 187381895 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1234739 | TotalRevenueColumn |
| Related Or Exempt Function Income | 20151 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 448 | UnrelatedBusinessRevenue |
| Exclusion | $1,214,140 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
| Personal | 0 | Personal |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 0 | Securities |
| Other | 128497 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 0 | Securities |
| Other | 117319 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 0 | Securities |
| Other | 11178 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 11178 | TotalRevenueColumn |
| Related Or Exempt Function Income | 11178 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Miscellaneous non-operating revenue | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 27491 | TotalRevenueColumn |
| Related Or Exempt Function Income | 27491 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 27491 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 188655303 | TotalRevenueColumn |
| Related Or Exempt Function Income | 187007654 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 47414 | UnrelatedBusinessRevenue |
| Exclusion | $1,600,235 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | X | InfoInScheduleOPartIX |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11902572 | Total |
| Program Services | 11902572 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2453411 | Total |
| Program Services | 2453411 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Fundraising | 0 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9767623 | Total |
| Program Services | 9767623 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11752229 | Total |
| Program Services | 11752229 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Purchased electric power | 114891964 | 114891964 | 0 | 0 |
| Operating and maintenance expenses | 24738724 | 24738724 | 0 | 0 |
| Administrative and general expenses | 5172767 | 5172767 | 0 | 0 |
| Customer service and selling expenses | 7464202 | 7464202 | 0 | 0 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 511363 | Total |
| Program Services | 511363 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 188654855 | Total |
| Program Services | 188654855 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20837 | BOY |
| EOY | -1120063 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5656924 | BOY |
| EOY | 5962674 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19643469 | BOY |
| EOY | 23732543 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 679170 | BOY |
| EOY | 566239 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2192061 | BOY |
| EOY | 2308579 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1673838 | BOY |
| EOY | 2857251 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 396589880 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 109853315 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 279244634 | BOY |
| EOY | 286736565 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 907324 | BOY |
| EOY | 1022645 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 754454 | BOY |
| EOY | 807730 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 93449706 | BOY |
| EOY | 100313171 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1532939 | BOY |
| EOY | 1550320 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 405755356 | BOY |
| EOY | 424737654 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20052727 | BOY |
| EOY | 21843873 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 219978407 | BOY |
| EOY | 227392529 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17567337 | BOY |
| EOY | 18514889 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 257598471 | BOY |
| EOY | 267751291 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 519740 | BOY |
| EOY | 519740 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3318859 | BOY |
| EOY | 3561215 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 144318286 | BOY |
| EOY | 152905408 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 148156885 | BOY |
| EOY | 156986363 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 405755356 | BOY |
| EOY | 424737654 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 448 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 0 | ReconciliationUnrealizedInvest |
| Reconcilation Donated Services | 0 | ReconcilationDonatedServices |
| Reconcilation Invest Expenses | 0 | ReconcilationInvestExpenses |
| Reconcilation Prior Adjustment | 0 | ReconcilationPriorAdjustment |
| Reconcilation Other Changes | 8829030 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 653545 | OtherCostOrOtherBasis |
| Book Value | 653545 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 13611884 | OtherCostOrOtherBasis |
| Depreciation | 3941451 | Depreciation |
| Book Value | 9670433 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 0 | OtherCostOrOtherBasis |
| Depreciation | 0 | Depreciation |
| Book Value | 0 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 382324451 | OtherCostOrOtherBasis |
| Depreciation | 105911864 | Depreciation |
| Book Value | 276412587 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 0 | OtherCostOrOtherBasis |
| Depreciation | 0 | Depreciation |
| Book Value | 0 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 286736565 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated (3 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| Patronage capital from assoc. organizations | 95473263 | C |
| Coop. Finance Corp. capital certificates | 4687564 | C |
| Investments in other related organizations | 152344 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 100313171 | TotalOfBookValueProgramRelated |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (6 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Post retirement benefits | $7,678,700 |
| Def. cr. - contributions in aid of construction | $4,475,045 |
| Def. regulatory credits | $2,628,897 |
| Directors' pension plan | $2,247,041 |
| Deferred revenue | $1,260,601 |
| Deferred compensation | $224,605 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 18514889 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 188616238 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 0 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 0 | DonatedSrvcAndUseOfFacilities |
| Recoveries Of Prior Year Grants | 0 | RecoveriesOfPriorYearGrants |
| Other Revenues | 0 | OtherRevenues |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 188616238 | RevenueSubtotal |
| Investment Expenses Not Included | 0 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 39065 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 39065 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 188655303 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 176713666 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 0 | DonatedServicesUseOfFacilities |
| Prior Year Adjustments | 0 | PriorYearAdjustments |
| Losses Reported | 0 | LossesReported |
| Other Expenses Included | -38617 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | -38617 | ExpensesNotRptdF990 |
| Expenses Subtotal | 176752283 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 0 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 11902572 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 11902572 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 188654855 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (4 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| SchD_P10_S00_L02 | Schedule D, Part X, Line 2 | Management believes positions taken during prior years and to be taken for 2012 in reporting federal taxable income for the Company and for its subsidiary and reporting the taxable base subject to the Michigan Business Tax are not controversial and have a high degree of being sustained upon any future examination by the taxing authority. |
| SchD_P11_S00_L04b | Schedule D, Part XI, Line 4b | In the audited financial statements, loss on sale of assets ($117,319), gain on sale of assets ($128,497) and miscellaneous non-operating income ($27,439) are combined ( $38,617) and netted against Other Expenses. Therefore, the revenue which reduced expenses in the financial statements needs to be added back to revenue because it was shown as revenue on this 990. Additionally, $448 of Unrelated Business Income was recorded on Great Lakes Energy Cooperative's 990T return that was not included in the Audited Financial Statments. |
| SchD_P12_S00_L02d | Schedule D, Part XII, Line 2d | In the audited financial statements, loss on sale of assets ($117,319), gain on sale of assets ($128,497) and miscellaneous non-operating income ($27,439) were combined (totaling $38,617) and netted against Other Expenses. Therefore, the reduction in the audited fianancial statements needs to be added back to reconcile to the 990 expenses that do not include the reduction. |
| SchD_P12_S00_L04b | Schedule D, Part XII, Line 4b | $11,902,572 of capital credits are recorded as an expense in the 990, but are not expensed in the audited financial statements. See below and Part O for Form 990, Part IX, Line 4. The instructions for the Form 990 clarifies that the amount of patronage dividends paid to members should be reported on Part IX, line 4. The phrase "patronage dividends paid" refers to the process, subsequent to year-end, by which Great Lakes Energy allocates patronage capital to members and therefore operates at cost to our members. Please note however that because patronage dividends is the process by which Great Lakes Energy operates at cost with our members, and thereby is a key component to accomplishing the exempt purpose of the Cooperative, Great Lakes Energy has reported the amount of our 2012 margins that has been allocated to our members subsequent to year-end as an expense on the 990. Such amounts are an expense for Form 990 reporting but are not an expense for financial statements prepared in accordance with Generally Accepted Accounting Principles (GAAP). As a result, the difference between Great Lakes Energy's GAAP-basis financial statements and the revenue less expenses reported on Part I Line 19 is the amount of the patronage dividends reported as benefits paid to members. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Independent Consultant | X | IndependentConsultant |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (10 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| STEVEN BOECKMAN | ||||||||||||||
| PRESIDENT, CHIEF EXECUTIVE OFFICER | 372742 | 0 | 52816 | 0 | 3628 | 0 | 74750 | 0 | 19998 | 0 | 523934 | 0 | 0 | 0 |
| WILLIAM SCOTT | ||||||||||||||
| VICE PRES, CHIEF FINANCIAL OFFICER | 212255 | 0 | 30067 | 0 | 1952 | 0 | 73471 | 0 | 18178 | 0 | 335923 | 0 | 0 | |
| MICHAEL ROBERGE | ||||||||||||||
| VICE PRESIDENT, ENGINEERING/OPERATIONS | 155863 | 0 | 22592 | 0 | 738 | 0 | 84272 | 0 | 18848 | 0 | 282313 | 0 | 0 | 0 |
| PATRICK ANZELL | ||||||||||||||
| VP, MEMBER SERVICES/REG. AFFAIRS/EO | 143199 | 0 | 19733 | 0 | 652 | 0 | 66206 | 0 | 16048 | 0 | 245838 | 0 | 0 | 0 |
| JENNIFER WILSON | ||||||||||||||
| VICE PRESIDENT, HUMAN RESOURCES | 137298 | 0 | 19637 | 0 | 283 | 0 | 45744 | 0 | 16451 | 0 | 219413 | 0 | 0 | 0 |
| SHARI CULVER | ||||||||||||||
| VP, COMMUNICATIONS/MARKETING | 130107 | 0 | 17967 | 0 | 229 | 0 | 31627 | 0 | 11899 | 0 | 191829 | 0 | 0 | 0 |
| DAVID MATZ | ||||||||||||||
| DIRECTOR OF OPERATIONS | 115892 | 0 | 12633 | 0 | 967 | 0 | 67922 | 0 | 17697 | 0 | 215111 | 0 | 0 | 0 |
| JAMES ANCE | ||||||||||||||
| MANAGER OF OPERATIONS - NORTH | 107254 | 0 | 11645 | 0 | 869 | 0 | 54448 | 0 | 18048 | 0 | 192264 | 0 | 0 | 0 |
| EDWIN ESTELLE | ||||||||||||||
| FORMER DIRECTOR | 25940 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25940 | 0 | 0 | 0 |
| FREDERICK VERMEERSCH | ||||||||||||||
| FORMER DIRECTOR | 17698 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17698 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SchJ_P02_S00_L00 | Identifier |
| Return Reference | Schedule J, Part II | ReturnReference |
| Explanation | Column C - Other Reportable Compensation: Amounts listed for CEO, CFO and all other employees on Schedule J, in column C, include (per 990 instructions) employer contributions to a qualified 401k plan. It should be noted that this benefit is available to all employees of Great Lakes Energy and therfore this is not a discriminatory benefit. In addition to the 401k match, column C also includes amounts for the actuarial increase for 2012 for the defined benefit pension plan provided to Great Lakes Energy by the National Rural Electric Cooperative Association (NRECA) which administers the multi-employer pension plan. It shoudl also be noted that these actuarial amounts are much higher than the actual cash paid to the plan.The actual cash paid to the plan for the employees listed was 42% less than the actuarial value as reported in column C as Retirement and other Deferred Compensation. The 42% difference is mainly due to very low discount rates used in the actuarial calculation. In addition, the multi-employer aspect of the plan positively impacted the cash paid to the plan for the listed employees for 2012. This benefit is also available to all Great Lakes Energy employees and is nondiscriminatory. | Explanation |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (2 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| Wolverine Power Supply Cooperative | |||
| Board of Directors | 115149198 | Purchases of electricity for distribution | 0 |
| Michigan Electric Cooperative Association | |||
| Board of Directors | 2603525 | Dues fees, Coop magazine and consulting | 0 |
Form990 Schedule L Part V Form990ScheduleLPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SchL_P04_S00_L00 | Identifier |
| Return Reference | Schedule L, Part IV | ReturnReference |
| Explanation | 1) Wolverine Power Supply Cooperative is the Generation and Transmission company that sells power to Great Lakes Energy. This power is then delivered to member/consumers of Great Lakes Energy. Three Board members from Great Lakes Energy sit on the Wolverine Power Supply Cooperative Board. There are no business transactions between or among the three Board members. 2) Michigan Electric Cooperative Association (MECA) is a Statewide organization of which Great Lakes Energy and all electric Cooperatives in Michigan are members. Great Lakes Energy pays dues and member magazine costs as well as consulting and pass through fees for coordination and implementation of State of Michigan mandated Energy Optimization programs. One Board Director and the CEO of Great Lakes Energy sit on the MECA Board. There are no business transactions between the Board Member and the CEO. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (10 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| F990_P06_S0A_L06 | Form 990, Part VI, Section A, Line 6 | Great Lakes Energy is a Cooperative with all electric "customers" of the Cooperative required to be members. |
| F990_P06_S0A_L07a | Form 990, Part VI, Section A, Line 7a | Great Lakes Energy is an electric cooperative utility. All members/customers vote for candidates to fill the 9- member Great Lakes Energy Board. An election is held annually. Board Directors serve three year terms and must be re-elected to serve longer than three years. |
| F990_P06_S0A_L07b | Form 990, Part VI, Section A, Line 7b | Certain Bylaw changes must be ratified by the general membership. This ratification is voted upon in conjunction with the annual board election. There were no bylaw changes proposed for ratification in 2012. |
| F990_P06_S0B_L11b | Form 990, Part VI, Section B, Line 11b | The GLE Board of Directors were presented with a questionnaire in May which was used to assist Management in completing pertinent sections of the 990. At a subsequent Board meeting, the Board reviewed the preliminary 990 and discussed specifics of the 990 return. |
| F990_P06_S0B_L12c | Form 990, Part VI, Section B, Line 12c | A questionnaire was delivered to each Board Member and Officers asking each to verify that they had received and read the policy and to certify they had no conflicts of interest. These certificates are on file with the supporting documentation for this 990. |
| F990_P06_S0B_L15 | Form 990, Part VI, Section B, Line 15 | GLE contracts with a nationally recognized compensation consultant to determine salary levels for the Chief Executive Officer and Chief Financial Officer along with certain others in the Company. The consultant performs an annual market survey and position evaluation utilizing comparative financial data for the industry and company size. The results are confidentially disclosed to the Chairman of the Board of Directors and the Board sets the salary levels for the Officers each year. |
| F990_P06_S0C_L19 | Form 990, Part VI, Section C, Line 19 | GLE makes company bylaws available to the public on line at www.gtlakes.com and with printed copies upon request. 2012 audited financial statement summaries were mailed to members in the June 2013 Country Lines magazine. They are also available upon request. GLE does not make the conflict of interest policy available to the public. |
| F990_P07_S0A_L01a | Form 990, Part VII, Section A, Line 1a | Amounts listed for CEO, CFO and all employees on Part VII in column F include (per 990 instructions) amounts associated with health care employer premiums, excess life insurance premiums, and employer contributions to a qualified 401k plan. It should be noted that these benefits are available to all employees of Great Lakes Energy and therefore these are not discriminatory benefits. Amounts included for actuarial increases in defined benefit pension plans are also included as Other Compensation provided to Great Lakes Energy by the National Rural Electric Cooperative Association (NRECA) which administers the multi-employer pension plan. It should be noted that these actuarial amounts are much higher than the actual cash paid to the plan. The actual cash paid to the plan for the employees listed was 42% less than the actuarial value as reported in column F as Other Compensation. The 42% difference is mainly due to very low discount rates used in the actuarial calculation. In addition, the multi-employer aspect of the plan positively impacted the cash paid to the plan for the listed employees for 2012. This benefit is also available to all Great Lakes Energy employees and is nondiscriminatory. |
| F990_P09_S00_L04 | Form 990, Part IX, Line 4 | The instructions for the Form 990 clarifies that the amount of patronage dividends paid to the members should be reported on Part IX, line 4. The phrase "patronage dividends paid" refers to the process, subsequent to year-end by which Great Lakes Energy allocates patronage capital to members and therefore operates at cost to our members. Please note however that because patronage dividends is the process by which Great Lakes Energy operates at cost with our members, and thereby it is a key component to accomplishing the exempt purpose of the cooperative, Great Lakes Energy has reported the amount of our 2012 margins that has been allocated to our members subsequent to year-end. Such amounts are an expense for Form 990 reporting but are not an expense for financial statements prepared in accordance with Generally Accepted Accounting Principles (GAAP). As a result, the difference between Great Lakes Energy's GAAP-basis financial statements and the revenue less expenses reported on Part I Line 19 is the amount of the patronage dividends reported as benefits paid to members. |
| F990_P11_S00_L09 | Form 990, Part XI, Line 9 | Changes in equity not included in net margins included Employee post retirement health insurance benefit plan and Directors' pension plan adjustments required by FASB 158 and recorded in the audited financial statments as Other Comprehensive Gain -$684,307 increase; Patronage Capital refunds to members $4,068,183 decrease; Donated capital from members - $236,002 increase; Sales tax refund - $74,785 increase and Capital Credits allocated and included in Part IX, Line 4 are properly no included in the audited fianancial statments as an expense in conformity with Generally Accepted Accounting Principles (GAAP) - $11,902,572 increase. Additionally, $448 was included as Unrelated Business Income on the Cooperatives 990T that was not recorded in the Cooperatives Audited Financial Statements. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GREAT LAKES UTILITIES SERVICES CORPORATION | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 70 | AddressLine1 |
| City | BOYNE CITY | City |
| State | MI | State |
| ZIP Code | 49712 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 383291425 | EIN |
| Primary Activity | DIRECT SELLING | PrimaryActivity |
| Legal Domicile State | MI | LegalDomicileState |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Type Of Entity | C | TypeOfEntity |
| Share Of Total Income | 19840 | ShareOfTotalIncome |
| Share Of EOY Assets | 609452 | ShareOfEOYAssets |
| Percentage Ownership | 1 | PercentageOwnership |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | 0 | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (2 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| GREAT LAKES UTILITIES SERVICES CORPORATION | ||
| n | 0 | |
| GREAT LAKES UTILITIES SERVICES CORPORATION | ||
| o | 46013 | Payroll records. |
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