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  4. Lake Region Electric Cooperative
EIN 41-0363020

Lake Region Electric Cooperative

IRS 501(c) type
501(c)(12)
Num. employees
81
City
Pelican Rapids
State
Minnesota
Year formed
1937
Most recent tax filings
2023-12-01
NTEE code, primary
W80: Public Utilities
Description
To provide our members with safe, reliable, affordable electricity, and lead by offering innovative energy services to grow the Cooperative. Provide safe, reliable, affordable electricity to our members.
Total revenues
$57,227,491
2023
Total expenses
$56,773,094
2023
Total assets
$151,594,900
2023
Num. employees
81
2023

Program areas at Lake Region Electric Cooperative

Electricity distribution - distributes electricity to 29,950 members in its 5,875 miles of lines within the service territory.
Ets heating (steffes)/water heaters/generators and gowest solar systems - members able to purchase steffes ets heaters/water heaters, generators, and gowest solar systems through an easy pay purchase program, then billed each month on Electric bill.

Grants made by Lake Region Electric Cooperative

GranteeGrant descriptionAmount
Lake Region Electric TrustContribution of Unclaimed Capital Credits$132,997

Personnel at Lake Region Electric Cooperative

NameTitleCompensation
Tim ThompsonChief Executive Officer$309,099
Al FazioVice President of Operations and Engineering$159,266
Dylan AafedtVice President of Business Development$146,022
Donald J HansonLead Lineman$138,473
Erik OlsonJourneyman Line Worker$143,977
...and 9 more key personnel

Financials for Lake Region Electric Cooperative

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$54,209,273
Investment income and dividends$661,866
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$76,535
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$98,244
Miscellaneous revenues$2,181,573
Total revenues$57,227,491

Form 990s for Lake Region Electric Cooperative

Fiscal year endingDate received by IRSFormPDF link
2023-122024-10-03990View PDF
2022-122023-09-15990View PDF
2021-122022-10-05990View PDF
2020-122021-10-05990View PDF
2019-122020-12-01990View PDF
...and 10 more Form 990s

Organizations like Lake Region Electric Cooperative

OrganizationLocationRevenue
Escambia River Electric Cooperative (EREC)Jay, FL$31,915,839
Crawford Electric CooperativeBourbon, MO$38,774,124
Butler County Rural Electric CooperativeAllison, IA$34,257,753
Lake Country PowerCohasset, MN$110,408,177
Homer Electric AssociationHomer, AK$105,957,011
Southern Iowa Electric CooperativeBloomfield, IA$14,685,046
Southwestern Electric CooperativeClayton, NM$25,825,552
Laclede Electric CooperativeLebanon, MO$74,741,807
Platte-Clay Electric CooperativeKearney, MO$76,880,883
Semo Electric CooperativeSikeston, MO$43,598,236
Data update history
November 12, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 8, 2023
Updated personnel
Identified 3 new personnel
October 25, 2023
Used new vendors
Identified 1 new vendor, including
August 10, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 20, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Public utilitiesPublic sector nonprofitsHeadquarter / parent organizations
Issues
No issues found
Characteristics
No characteristics found
General information
Address
PO Box 643
Pelican Rapids, MN 56572
Metro area
Fargo, ND-MN
County
Otter Tail County, MN
Website URL
lrec.coop/ 
Phone
(218) 863-1171
IRS details
EIN
41-0363020
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1937
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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