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Lane Electric Cooperative Inc

Organization summary

Type of Nonprofit

Designated as a Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$28.8M (2023)

Expenses
$28.6M (2023)

Total Assets
$89.1M (2023)

Total Liabilities
$51M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits 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.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$28,802,287
Expenses
$28,636,397
Net Income
$165,890
Net Assets
$38,156,017
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $28,636,397
99.4%
Investment Income $39,584
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $3,698
0.0%
Net Inventory Sales $0
Other Revenue $122,608
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $577,163
2.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $89,131,436
Total Liabilities $50,975,419
Net Assets $38,156,017
Club or Co-Op Income
Income From Members $28,465,609
Income From Other Sources $2,774,140
Compensation
Key Employees and Officers Compensation Related Other
Debora D Wilson (General Manager) $271,590 $0 $77,047
Jeffrey Dau (Line Foreman) $224,900 $0 $59,530
Travis Larsen (Foreman) $205,415 $0 $47,640
Gary Waggener (Substation Maintenance Technician) $194,200 $0 $58,918
Herb Anderson (Serviceman) $193,982 $0 $67,277
Myles Rodakowski (Foreman) $183,588 $0 $51,879
Karl Ramsey (Manager, Finance And Administration) $87,543 $0 $16,933
Susan Knudsen Obermeyer (President) $25,650 $0 $0
Jeanette I Kessler (Secretary) $22,850 $0 $0
Chris Seubert (Treasurer) $20,825 $0 $0
Kris Martes (Vice President) $18,450 $0 $0
Kathy Keable (Director) $18,125 $0 $0
Paula Brown (Director) $12,300 $0 $0
Joy Olgyay (Director) $5,850 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$29,293,150
Expenses
$28,985,238
Net Income
$307,912
Net Assets
$38,448,529
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $28,985,238
98.9%
Investment Income $34,397
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $7,981
0.0%
Net Inventory Sales $0
Other Revenue $265,534
0.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $652,850
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,131,736
3.9%
Assets/Debt
Total Assets $84,464,864
Total Liabilities $46,016,335
Net Assets $38,448,529
Club or Co-Op Income
Income From Members $28,272,472
Income From Other Sources $4,055,055
Compensation
Key Employees and Officers Compensation Related Other
Debora Wilson (General Manager) $262,372 $0 $14,213
Anthony Toncray (Operations Manager) $227,035 $0 $41,405
Jeffrey Dau (Line Foreman) $204,186 $0 $75,394
Travis Larsen (Foreman) $198,849 $0 $59,077
Herb Anderson (Serviceman) $177,294 $0 $74,176
Brian Mattie (Serviceman) $161,704 $0 $63,776
Siaosi Panapa (Serviceman) $152,282 $0 $72,823
Susan Knudsen Obermeyer (President) $20,575 $0 $0
Paula Brown (Director) $18,475 $0 $0
Jeanette I Kessler (Director) $17,975 $0 $0
Christopher Seubert (Sec/Treasurer) $16,700 $0 $0
Kathy Keable (Vice President) $14,100 $0 $0
Joy Olgyay (Director) $8,750 $0 $0
Kris Martes (Director) $5,850 $0 $0
Jack Billings (Director) $3,700 $0 $0
Hugh Beurmann (Director) $1,700 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$28,132,650
Expenses
$27,852,334
Net Income
$280,316
Net Assets
$36,290,019
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $27,837,519
99.0%
Investment Income $34,718
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $39,915
0.1%
Net Inventory Sales $0
Other Revenue $220,498
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $534,521
1.9%
Assets/Debt
Total Assets $79,862,417
Total Liabilities $43,572,398
Net Assets $36,290,019
Club or Co-Op Income
Income From Members $27,677,671
Income From Other Sources $3,288,383
Compensation
Key Employees and Officers Compensation Related Other
Debora Wilson (General Manager) $247,189 $0 $90,305
Anthony Toncray (Operations Manager) $204,721 $0 $46,468
Travis Larsen (Foreman) $188,429 $0 $67,760
Jeffrey Dau (Line Foreman) $183,978 $0 $59,556
Susan Carter (Manager, Finance & Adminis) $171,632 $0 $18,344
Neal Standridge (Lineman) $163,605 $0 $37,190
Herb Anderson (Serviceman) $163,207 $0 $58,731
Kyle Crutchfield (Lineman) $159,745 $0 $37,355
Susan Knudsen Obermeyer (President) $21,825 $0 $0
Hugh Beurmann (Treasurer) $21,575 $0 $0
Paula Brown (Director) $20,050 $0 $0
Kathy Keable (Vice President) $18,450 $0 $0
Jeanette I Kessler (Director) $15,100 $0 $0
Christopher Seubert (Secretary) $9,750 $0 $0
Jack Billings (Director) $8,950 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$27,715,478
Expenses
$27,406,733
Net Income
$308,745
Net Assets
$34,358,786
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $27,391,903
98.8%
Investment Income $38,340
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $285,235
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $824,654
3.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $79,399,349
Total Liabilities $45,040,563
Net Assets $34,358,786
Club or Co-Op Income
Income From Members $26,968,119
Income From Other Sources $638,095
Compensation
Key Employees and Officers Compensation Related Other
Debora D Wilson (General Manager) $232,655 $0 $84,666
Gary Waggener (Substation Maintenance Tech) $200,404 $0 $61,453
Travis Larsen (Working Foreman) $184,561 $0 $63,899
Anthony Toncray (Operations Manager) $183,084 $0 $47,170
Herb Anderson (Serviceman) $181,811 $0 $57,775
Jeffrey Dau (Working Foreman) $176,408 $0 $58,305
Susan Carter (Manager, Finance & Administration) $168,258 $0 $20,422
Myles Rodakowski (Working Foreman) $167,493 $0 $67,097
Hugh Buermann (President) $17,100 $0 $0
Susan Knudsen Obermeyer (Director) $16,050 $0 $0
Kathryn Keable (Vice President) $14,050 $0 $0
Jeanette I Kessler (Secretary) $13,850 $0 $0
Christopher Seubert (Director) $10,950 $0 $0
Jack Billings (Treasurer) $9,850 $0 $0
Gerald Shorey (Director) $6,550 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$27,228,749
Expenses
$26,953,887
Net Income
$274,862
Net Assets
$31,580,820
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $26,939,186
98.9%
Investment Income $38,928
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $500
0.0%
Net Fundraising $0
Sales of Assets $22,130
0.1%
Net Inventory Sales $0
Other Revenue $228,005
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $384,096
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $75,589,737
Total Liabilities $44,008,917
Net Assets $31,580,820
Club or Co-Op Income
Income From Members $26,571,377
Income From Other Sources $1,658,395

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$26,163,511
Expenses
$25,868,219
Net Income
$295,292
Net Assets
$30,370,498
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $25,854,049
98.8%
Investment Income $42,741
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $500
0.0%
Net Fundraising $0
Sales of Assets -$3,494
Net Inventory Sales $0
Other Revenue $269,715
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $580,596
2.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $69,008,425
Total Liabilities $38,637,927
Net Assets $30,370,498
Club or Co-Op Income
Income From Members $25,774,643
Income From Other Sources $388,868

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$26,850,663
Expenses
$26,547,149
Net Income
$303,514
Net Assets
$29,771,053
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $26,533,000
98.8%
Investment Income $37,613
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $500
0.0%
Net Fundraising $0
Sales of Assets $22,281
0.1%
Net Inventory Sales $0
Other Revenue $257,269
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $563,970
2.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $67,659,726
Total Liabilities $37,888,673
Net Assets $29,771,053
Club or Co-Op Income
Income From Members $26,453,862
Income From Other Sources $396,801

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$24,833,719
Expenses
$24,640,686
Net Income
$193,033
Net Assets
$27,684,976
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $24,626,515
99.2%
Investment Income $36,550
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $500
0.0%
Net Fundraising $0
Sales of Assets -$2,831
Net Inventory Sales $0
Other Revenue $172,985
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $540,717
2.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $66,826,929
Total Liabilities $39,141,953
Net Assets $27,684,976
Club or Co-Op Income
Income From Members $24,542,877
Income From Other Sources $290,842

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$23,151,246
Expenses
$22,970,146
Net Income
$181,100
Net Assets
$25,337,531
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $22,955,997
99.2%
Investment Income $34,471
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $500
0.0%
Net Fundraising $0
Sales of Assets -$30,091
Net Inventory Sales $0
Other Revenue $190,369
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $520,052
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $64,127,900
Total Liabilities $38,790,369
Net Assets $25,337,531
Club or Co-Op Income
Income From Members $22,867,783
Income From Other Sources $283,463

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$22,618,555
Expenses
$22,358,199
Net Income
$260,356
Net Assets
$24,033,838
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $22,344,034
98.8%
Investment Income $35,571
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $500
0.0%
Net Fundraising $0
Sales of Assets -$11,264
Net Inventory Sales $0
Other Revenue $249,714
1.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $647,296
2.9%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $61,318,110
Total Liabilities $37,284,272
Net Assets $24,033,838
Club or Co-Op Income
Income From Members $22,263,484
Income From Other Sources $355,071

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$22,245,263
Expenses
$21,966,521
Net Income
$278,742
Net Assets
$22,528,432
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $21,964,657
98.7%
Investment Income $36,385
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $500
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $243,721
1.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $550,052
2.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $58,215,571
Total Liabilities $35,687,139
Net Assets $22,528,432
Club or Co-Op Income
Income From Members $21,866,968
Income From Other Sources $378,295

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$21,726,903
Expenses
$21,515,910
Net Income
$210,993
Net Assets
$22,007,714
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $21,514,334
99.0%
Investment Income $36,429
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income -$6,096
Net Fundraising $0
Sales of Assets -$31,552
Net Inventory Sales $0
Other Revenue $213,788
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $489,054
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $55,357,234
Total Liabilities $33,349,520
Net Assets $22,007,714
Club or Co-Op Income
Income From Members $21,420,796
Income From Other Sources $306,107

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$21,916,525
Expenses
$21,692,075
Net Income
$224,450
Net Assets
$21,773,162
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $21,690,500
99.0%
Investment Income $96,233
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $500
0.0%
Net Fundraising $0
Sales of Assets -$1,067
Net Inventory Sales $0
Other Revenue $130,359
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $487,505
2.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $52,764,317
Total Liabilities $30,991,155
Net Assets $21,773,162
Club or Co-Op Income
Income From Members $21,593,964
Income From Other Sources $322,560

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

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 »

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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.
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  • 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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