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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
2022-12-01
NTEE code, primary
W80: Public Utilities
Description
Lake Country Power provides electricity and other services to its cooperative's 43,100 members. Its mission is to strive to exceed the expectations of their members by providing safe, reliable, and affordable electric service while investing in innovative solutions that demonstrate value and commitment to the area they serve.
Total revenues
$110,864,875
2022
Total expenses
$110,871,573
2022
Total assets
$369,734,330
2022
Num. employees
153
2022

Program areas at Lake Country Power

Provision of electricity and other services to the cooperative's 43,980 members.

Grants made by Lake Country Power

GranteeGrant descriptionAmount
Saint Paul and Minnesota FoundationSenator David J. Tomassoni Bridge of Peace Memorial$10,000

Personnel at Lake Country Power

NameTitleCompensation
Derek HoweChief Operating Officer / Director of Engineering$225,356
Tracy Peterson WirtanenChief Financial Officer$197,923
Mark BakkGeneral Manager$329,599
Brian GrondahlCrew Chief / Journeyman Lineman$166,276
Mark PohtoLine Crew Chief / Journeyman Lineman$172,328
...and 5 more key personnel

Financials for Lake Country Power

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$108,745,308
Investment income and dividends$118,608
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-44,233
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$-115,167
Miscellaneous revenues$2,160,359
Total revenues$110,864,875

Form 990s for Lake Country Power

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-01990View PDF
2020-122021-09-13990View PDF
2018-122020-01-24990View PDF
2017-122018-12-22990View PDF
2016-122017-10-17990OView PDF
...and 7 more Form 990s

Organizations like Lake Country Power

OrganizationLocationRevenue
Mid-Carolina Electric Cooperative Attn Theresa CrepesLexington, SC$148,136,586
United PowerBrighton, CO$320,285,113
Three Rivers Electric CooperativeLinn, MO$47,009,896
Mountain Electric CooperativeMountain City, TN$66,777,111
Canoochee Electric Membership CorporationReidsville, GA$66,658,751
East Central EnergyBraham, MN$136,415,496
Claiborne Electric CooperativeHomer, LA$65,842,687
Homer Electric AssociationHomer, AK$105,957,011
Oconee Electric Membership CorporationDudley, GA$34,153,511
Semo Electric CooperativeSikeston, MO$43,598,236
Data update history
January 21, 2024
Updated personnel
Identified 6 new personnel
January 14, 2024
Posted financials
Added Form 990 for fiscal year 2022
December 31, 2023
Used new vendors
Identified 3 new vendors, including , , and
July 11, 2023
Used new vendors
Identified 2 new vendors, including , and
July 4, 2023
Used new vendors
Identified 2 new vendors, including , and
Nonprofit Types
Public utilitiesPublic sector nonprofitsHeadquarter / parent organizations
Issues
No issues found
Characteristics
No characteristics found
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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