Lake Region Electric Cooperative

Pel Rapids, MN
Tax-exempt since Aug. 1938
EIN: 41-0363020

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Type of Nonprofit

Designated as a 501(c)(12) Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Details

According to its Dec. 2022 tax filing, this nonprofit:

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$56.5M (2022)

Expenses

$56.2M (2022)

Total Assets

$146M (2022)

Total Liabilities

$79.1M (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Revenue

$56,475,666

Expenses

$56,200,321

Net Income

$275,345

Net Assets

$67,409,012

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$54,799,770	97.0%
Investment Income	$189,902	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$132,942	0.2%
Net Inventory Sales	$113,906	0.2%
Other Revenue	$1,239,146	2.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$615,525	1.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$146,470,686
Total Liabilities	$79,061,674
Net Assets	$67,409,012

Club or Co-Op Income
Income From Members	$56,884,941
Income From Other Sources	$1,341,854

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Tim Thompson (Ceo)	$309,099	$0	$180,875
Al Fazio (Vp Of Operations/Engineering)	$159,266	$0	$101,770
Jason Haman (Lead Lineman)	$147,105	$0	$76,444
Dylan Aafedt (Vp Of Business Development)	$146,022	$0	$22,118
Erik Olson (Journeyman Line Worker)	$143,977	$0	$18,512
Donald J Hanson (Lead Lineman)	$138,473	$0	$61,527
Thomas Jennen (Chair)	$17,000	$0	$0
Kurt Krueger (Director)	$15,370	$0	$0
Sid Wisness (Vice Chair)	$14,520	$0	$0
Cecil Hensel (Director)	$14,380	$0	$0
Earl Rydell (Director)	$12,940	$0	$0
Patrick Meyers (Director)	$12,840	$0	$0
Michael Brasel (Director)	$10,720	$0	$0
Gary Olson (Director Partial Year)	$9,520	$0	$0
Charlie Blixt (Director Partial Year)	$6,700	$0	$0
Robert Shaw (Treasurer)	$5,960	$0	$0
Joyce Valley (Secretary)	$5,600	$0	$0

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990

Filed on Sept. 15, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$56,997,078

Expenses

$55,395,963

Net Income

$1,601,115

Net Assets

$66,154,918

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$54,152,467	95.0%
Investment Income	$231,871	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$80,879	0.1%
Net Inventory Sales	$65,350	0.1%
Other Revenue	$2,466,511	4.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$587,321	1.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$6,039,329	10.9%

Assets/Debt
Total Assets	$144,282,112
Total Liabilities	$78,127,194
Net Assets	$66,154,918

Club or Co-Op Income
Income From Members	$56,789,692
Income From Other Sources	$1,671,074

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Tim Thompson (Ceo)	$294,180	$0	$180,171
Al Fazio (Vp Of Operations/Engineering)	$152,857	$0	$102,865
Dylan Aafedt (Vp Of Business Development)	$135,748	$0	$22,234
Donald J Hanson (Lead Lineman)	$135,020	$0	$42,996
Jason Haman (Lead Lineman)	$133,394	$0	$79,580
Jed Evenson (Lead Lineman)	$130,022	$0	$20,368
Thomas Jennen (Chair)	$15,840	$0	$0
Sid Wisness (Vice Chair)	$13,200	$0	$0
Earl Rydell (Director)	$12,950	$0	$0
Robert Shaw (Treasurer)	$12,200	$0	$0
Cecil Hensel (Director)	$11,500	$0	$0
Joyce Valley (Secretary)	$11,460	$0	$0
Michael Brasel (Director)	$11,350	$0	$0
Patrick Meyers (Director)	$10,860	$0	$0
Kurt Krueger (Director Part Year)	$8,820	$0	$0
Dennis Tollefson (Vice Chair/Director Part Year)	$4,790	$0	$0

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990

Filed on Oct. 5, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$56,807,518

Expenses

$53,918,082

Net Income

$2,889,436

Net Assets

$62,720,810

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,643,527	2.9%
Program Services	$53,258,273	93.8%
Investment Income	$483,870	0.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$76,976	0.1%
Net Inventory Sales	$85,753	0.2%
Other Revenue	$1,259,119	2.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$562,732	1.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,817,937	10.8%

Assets/Debt
Total Assets	$143,775,953
Total Liabilities	$81,055,143
Net Assets	$62,720,810

Club or Co-Op Income
Income From Members	$54,917,693
Income From Other Sources	$3,444,380

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Tim Thompson (Ceo)	$290,623	$0	$160,174
Al Fazio (Vp Of Operations/Engineeri)	$150,167	$0	$90,626
Daniel Husted (Vp Of Energy Svcs/Comm)	$138,993	$0	$79,647
Jason Haman (Lead Lineman)	$136,258	$0	$70,498
Donald J Hanson (Lead Lineman)	$127,944	$0	$93,453
Jed Evenson (Lead Lineman)	$121,892	$0	$20,337
Thomas Jennen (Chair)	$14,120	$0	$0
Michael Brasel (Director)	$12,600	$0	$0
Sid Wisness (Vice Chair)	$11,620	$0	$0
Earl Rydell (Director)	$11,340	$0	$0
Robert Shaw (Treasurer)	$11,300	$0	$0
Joyce Valley (Secretary)	$11,140	$0	$0
Dennis Tollefson (Vice Chair/Director)	$10,240	$0	$0
Charles Kvare (Chair Part Year)	$8,994	$0	$0
Patrick Meyers (Director)	$8,980	$0	$0
Cecil Hensel (Director)	$7,140	$0	$0
Dennis Mathiason (Director Part Year)	$4,460	$0	$0

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990

Filed on Oct. 5, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$54,521,367

Expenses

$52,690,971

Net Income

$1,830,396

Net Assets

$58,245,720

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$52,183,708	95.7%
Investment Income	$830,871	1.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$37,600	0.1%
Net Inventory Sales	$126,623	0.2%
Other Revenue	$1,342,565	2.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$586,702	1.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$6,017,798	11.4%

Assets/Debt
Total Assets	$134,080,879
Total Liabilities	$75,835,159
Net Assets	$58,245,720

Club or Co-Op Income
Income From Members	$53,680,277
Income From Other Sources	$2,259,601

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Tim Thompson (Ceo)	$278,043	$0	$129,906
Al Fazio (Vp Of Operations/Engineeri)	$146,593	$0	$75,462
Daniel Husted (Vp Of Energy Svcs/Comm)	$135,511	$0	$70,351
Donald J Hanson (Lead Lineman)	$131,116	$0	$78,736
Joseph Belz (Operations Manager)	$127,703	$0	$32,771
Jason Haman (Lead Lineman)	$123,776	$0	$52,262
Lloyd Nelson (Cfo Part Year)	$53,777	$0	$19,846
Charles Kvare (Chair)	$16,700	$0	$0
Earl Rydell (Director)	$12,220	$0	$0
Dennis Tollefson (Vice Chair)	$11,780	$0	$0
Joyce Valley (Secretary)	$11,300	$0	$0
Robert Shaw (Treasurer)	$11,160	$0	$0
Thomas Jennen (Director)	$11,160	$0	$0
Dennis Mathiason (Director)	$10,700	$0	$0
Sid Wisness (Director)	$10,520	$0	$0
Mike Brasel (Director)	$5,210	$0	$0
Kenneth Hendrickx (Director Part Year)	$4,380	$0	$0

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990

Filed on Aug. 31, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$53,098,198

Expenses

$52,227,006

Net Income

$871,192

Net Assets

$54,347,850

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$50,924,312	95.9%
Investment Income	$1,013,542	1.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$3,600	0.0%
Net Inventory Sales	$99,465	0.2%
Other Revenue	$1,057,279	2.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$660,366	1.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,888,906	11.3%

Assets/Debt
Total Assets	$127,452,066
Total Liabilities	$73,104,216
Net Assets	$54,347,850

Club or Co-Op Income
Income From Members	$52,489,109
Income From Other Sources	$2,251,436

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Tim Thompson (Ceo)	$264,980	$0	$126,494
Al Fazio (Vp Of Operations/Engineeri)	$140,551	$0	$93,409
Daniel Husted (Vp Of Energy Svcs/Comm)	$130,387	$0	$67,978
Lloyd Nelson (Cfo)	$129,721	$0	$38,691
Joseph Belz (Operations Manager)	$122,806	$0	$31,725
Donald J Hanson (Lead Lineman)	$119,533	$0	$77,619
Jason Haman (Journeyman Lineman)	$115,122	$0	$53,483
Charles Kvare (Chair)	$15,060	$0	$0
Dennis Tollefson (Vice Chair)	$12,540	$0	$0
Joyce Valley (Secretary)	$11,900	$0	$0
Robert Shaw (Treasurer)	$10,980	$0	$0
Earl Rydell (Director)	$10,740	$0	$0
Thomas Jennen (Director)	$10,140	$0	$0
Sid Wisness (Director)	$9,980	$0	$0
Dennis Mathiason (Director)	$9,800	$0	$0
Kenneth Hendrickx (Director)	$9,340	$0	$0

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990

Filed on Oct. 4, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$51,816,391

Expenses

$50,386,361

Net Income

$1,430,030

Net Assets

$51,256,986

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$49,390,330	95.3%
Investment Income	$1,090,367	2.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$18,552
Net Inventory Sales	$65,961	0.1%
Other Revenue	$1,288,285	2.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$670,681	1.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,856,173	11.6%

Assets/Debt
Total Assets	$123,092,140
Total Liabilities	$71,835,154
Net Assets	$51,256,986

Club or Co-Op Income
Income From Members	$50,445,425
Income From Other Sources	$2,950,440

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Tim Thompson (Ceo)	$258,608	$0	$145,262
Al Fazio (Vp Of Operations/Engineeri)	$137,958	$0	$84,151
Daniel Husted (Vp Of Energy Svcs/Comm)	$128,974	$0	$85,318
Lloyd Nelson (Cfo)	$128,843	$0	$35,508
Jed Evenson (Journeyman Lineman)	$123,063	$0	$14,157
Joseph Belz (Operations Manager)	$120,609	$0	$85,399
Donald J Hanson (Lead Lineman)	$115,200	$0	$70,932
Charles Kvare (Chair)	$15,200	$0	$0
Dennis Tollefson (Vice Chair)	$12,420	$0	$0
Robert Shaw (Treasurer)	$11,500	$0	$0
Joyce Valley (Secretary)	$11,260	$0	$0
Earl Rydell (Director)	$11,240	$0	$0
Thomas Jennen (Director)	$10,720	$0	$0
Dennis Mathiason (Director)	$10,560	$0	$0
Sid Wisness (Director)	$10,140	$0	$0
Kenneth Hendrickx (Director)	$9,420	$0	$0

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990

Filed on Sept. 20, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$50,369,363

Expenses

$47,875,014

Net Income

$2,494,349

Net Assets

$48,477,839

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$47,406,624	94.1%
Investment Income	$1,154,979	2.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$99,104	0.2%
Net Inventory Sales	$39,460	0.1%
Other Revenue	$1,669,196	3.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$597,635	1.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,406,964	11.3%

Assets/Debt
Total Assets	$117,272,423
Total Liabilities	$68,794,584
Net Assets	$48,477,839

Club or Co-Op Income
Income From Members	$48,562,390
Income From Other Sources	$3,085,508

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Tim Thompson (Ceo)	$242,020	$0	$108,101
Al Fazio (Vp Of Operations/Engineeri)	$130,844	$0	$75,640
Daniel Husted (Vp Of Energy Svcs/Comm)	$122,233	$0	$78,661
Lloyd Nelson (Cfo)	$115,315	$0	$33,139
Joseph Belz (Operations Manager)	$114,400	$0	$79,966
Brian Johnson (Lead Lineman)	$109,583	$0	$26,597
Donald J Hanson (Lead Lineman)	$107,662	$0	$62,710
Charles Kvare (Chair)	$14,860	$0	$0
Earl Rydell (Director)	$12,420	$0	$0
Robert Shaw (Treasurer)	$11,880	$0	$0
Dennis Tollefson (Vice Chair)	$11,180	$0	$0
Sid Wisness (Director)	$10,980	$0	$0
Joyce Valley (Secretary)	$10,840	$0	$0
Thomas Jennen (Director)	$9,600	$0	$0
Dennis Mathiason (Director)	$8,720	$0	$0
Kenneth Hendrickx (Director)	$8,580	$0	$0

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990

Filed on Sept. 5, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$48,582,410

Expenses

$47,726,829

Net Income

$855,581

Net Assets

$46,254,049

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$46,594,662	95.9%
Investment Income	$1,216,679	2.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$84,852	0.2%
Net Inventory Sales	$49,324	0.1%
Other Revenue	$636,893	1.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$527,373	1.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,443,981	11.4%

Assets/Debt
Total Assets	$111,974,449
Total Liabilities	$65,720,400
Net Assets	$46,254,049

Club or Co-Op Income
Income From Members	$47,189,598
Income From Other Sources	$1,918,823

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Tim Thompson (Ceo)	$245,964	$0	$93,355
Al Fazio (Vp Of Operations/Engineeri)	$135,921	$0	$68,285
Daniel Husted (Vp Of Energy Svcs/Comm)	$128,168	$0	$72,966
Joseph Belz (Operations Manager)	$117,728	$0	$76,059
Brian Johnson (Lead Lineman)	$104,637	$0	$25,101
Donald J Hanson (Lead Lineman)	$103,750	$0	$56,529
Randall Hansen Part Year (Cfo)	$40,794	$0	$25,797
Charles Kvare (Chair)	$16,080	$0	$0
Lloyd Nelson Part Year (Cfo)	$13,474	$0	$2,129
Robert Shaw (Treasurer)	$12,180	$0	$0
Dennis Tollefson (Vice Chair)	$11,880	$0	$0
Earl Rydell (Director)	$11,860	$0	$0
Joyce Valley (Secretary)	$11,640	$0	$0
Sid Wisness (Director)	$11,300	$0	$0
Kenneth Hendrickx (Director)	$11,140	$0	$0
Thomas Jennen (Director)	$11,040	$0	$0
Dennis Mathiason (Director)	$8,740	$0	$0

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990

Filed on July 8, 2016

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Fiscal Year Ending Dec.
2014

Revenue

$50,993,771

Expenses

$49,830,053

Net Income

$1,163,718

Net Assets

$44,233,028

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$47,376,633	92.9%
Investment Income	$1,246,191	2.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$28,042	0.1%
Net Inventory Sales	$36,175	0.1%
Other Revenue	$2,306,730	4.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$597,134	1.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,314,410	10.7%

Assets/Debt
Total Assets	$109,872,290
Total Liabilities	$65,639,262
Net Assets	$44,233,028

Club or Co-Op Income
Income From Members	$48,234,029
Income From Other Sources	$3,564,058

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Tim Thompson (Ceo)	$225,588	$0	$80,056
Al Fazio (Vp Of Operations/Engineeri)	$124,654	$0	$57,966
Randall Hansen (Cfo)	$124,323	$0	$64,992
Daniel Husted (Vp Of Energy Svcs/Comm)	$120,193	$0	$66,607
Joseph Belz (Operations Manager)	$112,970	$0	$62,106
Brian Johnson (Lead Lineman)	$107,981	$0	$20,206
Donald J Hanson (Lead Lineman)	$103,550	$0	$51,185
Charles Kvare (Chair)	$16,175	$0	$0
Earl Rydell (Director)	$12,675	$0	$0
Robert Shaw (Treasurer)	$12,135	$0	$0
Dennis Tollefson (Vice Chair)	$11,555	$0	$0
Joyce Valley (Secretary)	$10,695	$0	$0
Sid Wisness (Director)	$10,295	$0	$0
Dennis Mathiason (Director)	$9,835	$0	$0
Thomas Jennen (Director)	$9,695	$0	$0
Kenneth Hendrickx (Director)	$9,115	$0	$0

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990

Filed on Aug. 3, 2015

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Fiscal Year Ending Dec.
2013

Revenue

$50,608,363

Expenses

$49,298,706

Net Income

$1,309,657

Net Assets

$41,563,566

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$47,252,545	93.4%
Investment Income	$1,239,438	2.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$224,374	0.4%
Net Inventory Sales	$11,327	0.0%
Other Revenue	$1,880,679	3.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$550,336	1.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,418,446	11.0%

Assets/Debt
Total Assets	$103,875,927
Total Liabilities	$62,312,361
Net Assets	$41,563,566

Club or Co-Op Income
Income From Members	$48,292,627
Income From Other Sources	$3,339,568

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Tim Thompson (Ceo)	$199,531	$0	$76,203
Randall Hansen (Cfo)	$127,712	$0	$57,230
Joseph Belz (Operations Manager)	$125,505	$0	$53,428
Daniel Husted (Vp Of Energy Svcs/Comm)	$120,346	$0	$63,747
Al Fazio (Vp Of Operations/Engineering)	$114,480	$0	$47,980
Donald J Hanson (Lead Lineman)	$104,830	$0	$52,927
Charles Kvare (Chair)	$13,925	$0	$0
Dennis Tollefson (Vice Chair)	$10,650	$0	$0
Sid Wisness (Director)	$10,230	$0	$0
Robert Shaw (Treasurer)	$10,040	$0	$0
Joyce Valley (Secretary)	$9,880	$0	$0
Thomas Jennen (Director)	$9,470	$0	$0
Earl Rydell (Director)	$9,135	$0	$0
Dennis Mathiason (Director)	$8,240	$0	$0
Kenneth Hendrickx (Director)	$8,090	$0	$0

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990

Filed on Aug. 8, 2014

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Fiscal Year Ending Dec.
2012

Revenue

$46,284,257

Expenses

$45,520,418

Net Income

$763,839

Net Assets

$38,357,453

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$43,241,013	93.4%
Investment Income	$1,240,084	2.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$14,621	0.0%
Net Inventory Sales	$10,357	0.0%
Other Revenue	$1,778,182	3.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$539,363	1.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,918,056	13.0%

Assets/Debt
Total Assets	$99,971,914
Total Liabilities	$61,614,461
Net Assets	$38,357,453

Club or Co-Op Income
Income From Members	$44,274,906
Income From Other Sources	$3,121,972

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$45,452,627

Expenses

$44,023,499

Net Income

$1,429,128

Net Assets

$38,715,254

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$43,255,385	95.2%
Investment Income	$869,464	1.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$144,826	0.3%
Net Inventory Sales	$10,217	0.0%
Other Revenue	$1,172,735	2.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$421,861	1.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,303,455	12.0%

Assets/Debt
Total Assets	$94,074,180
Total Liabilities	$55,358,926
Net Assets	$38,715,254

Club or Co-Op Income
Income From Members	$44,289,278
Income From Other Sources	$2,292,407

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated November 21, 2024

Lake Region Electric Cooperative

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $56.5M (2022)

Expenses $56.2M (2022)

Total Assets $146M (2022)

Total Liabilities $79.1M (2022)

Tax Filings by Year

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Revenue

$56.5M (2022)

Expenses

$56.2M (2022)

Total Assets

$146M (2022)

Total Liabilities

$79.1M (2022)

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004