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EIN 41-1857633

Lake Country Power

IRS 501(c) type
501(c)(12)
Num. employees
153
City
Cohasset
State
Minnesota
Year formed
1996
Most recent tax filings
2023-12-01
NTEE code, primary
W80: Public Utilities
Description
Lake Country Power enhances communities by providing safe, reliable, and affordable energy services to over 44,000 members across northern Minnesota. As a Touchstone Energy® Cooperative, it serves parts of eight counties and exceeds member-owners’ expectations. The cooperative also administers the federally-funded Energy Assistance Program (EAP), offering grants for household energy bills to eligible renters and homeowners.
Total revenues
$110,408,177
2023
Total expenses
$110,408,177
2023
Total assets
$393,961,504
2023
Num. employees
153
2023

Program areas at Lake Country Power

Provision of electricity and other services to the cooperative's 44,148 members.

Grants made by Lake Country Power

GranteeGrant descriptionAmount
Better in Our Back YardMembership and Gold Sponsorship Winter Dinner$6,100

Personnel at Lake Country Power

NameTitleCompensation
Derek HoweChief Operating Officer$236,308
Tracy Peterson WirtanenChief Financial Officer
Mark BakkGeneral Manager$337,315
Brian GrondahlCrew Chief / Journeyman Lineman$166,276
Jeff ThielCrew Chief$171,726
...and 8 more key personnel

Financials for Lake Country Power

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$106,284,324
Investment income and dividends$150,512
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$33,720
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$-148,647
Miscellaneous revenues$4,088,268
Total revenues$110,408,177

Form 990s for Lake Country Power

Fiscal year endingDate received by IRSFormPDF link
2023-122024-09-10990View PDF
2022-122023-11-01990View PDF
2021-122022-09-12990View PDF
2020-122021-09-13990View PDF
2018-122020-01-24990View PDF
...and 9 more Form 990s

Organizations like Lake Country Power

OrganizationLocationRevenue
Escambia River Electric Cooperative (EREC)Jay, FL$31,915,839
Butler County Rural Electric CooperativeAllison, IA$34,257,753
Homer Electric AssociationHomer, AK$105,957,011
Laclede Electric CooperativeLebanon, MO$74,741,807
Eastern Iowa Light and Power CooperativeWilton, IA$68,261,552
Three Rivers Electric CooperativeLinn, MO$48,189,109
Minnesota Valley Electric CooperativeJordan, MN$112,862,188
McKenzie Electric CooperativeWatford City, ND$441,740,325
Talquin Electric CooperativeQuincy, FL$155,209,914
Baldwin County Electric Membership CorporationSummerdale, AL$203,404,619
Data update history
November 13, 2024
Posted financials
Added Form 990 for fiscal year 2023
November 12, 2024
Updated personnel
Identified 3 new personnel
October 23, 2024
Used new vendors
Identified 2 new vendors, including , and
October 15, 2024
Updated personnel
Identified 3 new personnel
August 24, 2024
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Public utilitiesPublic sector nonprofitsHeadquarter / parent organizations
Issues
No issues found
Characteristics
State / local level
General information
Address
26039 Bear Ridge Dr
Cohasset, MN 55721
County
Itasca County, MN
Website URL
lakecountrypower.coop/ 
Phone
(218) 742-5751
IRS details
EIN
41-1857633
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1996
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W80: Public Utilities
NAICS code, primary
2211: Electric Power Generation, Transmission, and Distribution Establishments
Parent/child status
Central organization
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