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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
83
City
Pelican Rapids
State
Minnesota
Year formed
1937
Most recent tax filings
2019-12
NTEE code, primary
W80: Public Utilities
Description
To provide our members with safe, reliable, and cost effective Electric and related services. To provide our members with safe, reliable, affordable electricity, and lead by offering innovative energy services. To provide our members with safe, reliab...

Program areas at Lake Region Electric Cooperative

Electricity distribution - distributes electricity to 28,406 members in its 5,794 miles of lines within the service territory.
Ets heating (steffes)/water heaters/generators - members able to purchase steffes ets heaters/water heaters and generators through an easy pay purchase program, then billed each month on Electric bill.

Form 990s for Lake Region Electric Cooperative

Fiscal year endingDate received by IRSFormPDF link
2019-122020-12-01990View PDF
2018-122020-01-14990View PDF
2017-122018-12-22990View PDF
2016-122017-11-08990OView PDF
2015-122016-10-24990OView PDF
...and 6 more Form 990s

Financials for Lake Region Electric Cooperative

RevenuesFYE 12/2019
Total grants, contributions, etc.$0
Program services$52,183,708
Investment income and dividends$830,871
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$37,600
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$126,623
Miscellaneous revenues$1,342,565
Total revenues$54,521,367

Personnel at Lake Region Electric Cooperative

NameTitleCompensation
Tim ThompsonChief Executive Officer$278,043
Lloyd NelsonChief Financial Officer$53,777
Al FazioVice President of Operations and Engineeri$146,593
 Subscribe to viewOperations Manager$127,703
 Subscribe to viewLead Lineman$131,116
...and 5 more key personnel

Organizations like Lake Region Electric Cooperative

OrganizationLocationRevenue
Valley Electric AssociationPahrump, NV$111,954,876
Trico Electric CooperativeMarana, AZ$101,991,964
Fall River Rural Elect CooperativeAshton, ID$35,104,460
Bandera Electric CooperativeBandera, TX$74,737,443
South Central Indiana Rural Electric Membership CorporationMartinsville, IN$87,670,851
Nishnabotna Valley Rural Electric CooperativeHarlan, IA$18,592,581
Holmes-Wayne Electric CooperativeMillersburg, OH$18,640,496
A and N Electric CooperativeTasley, VA$82,099,572
Golden Valley Electric AssociationFairbanks, AK$251,998,224
Osage Valley Electric CooperativeButler, MO$37,229,065
Blue Ridge Electric Membership CorporationLenoir, NC$158,703,517
Dixie Electric Power AssociationLaurel, MS$98,151,293
Southwest Tennessee Electric Membership CorporationBrownsville, TN$114,933,234
Kit Carson Electric CooperativeTaos, NM$51,104,032
Choptank Electric CooperativeDenton, MD$149,387,265
Tri-County Electric MembershipLafayette, TN$132,158,671
Roosevelt County Electric CooperativePortales, NM$16,338,259
Navopache Electric Cooperative IncorporatedLakeside, AZ$52,636,865
North Arkansas Electric Cooperative (NAEC)Salem, AR$62,705,947
Dixie Electric Membership CorporationBaton Rouge, LA$225,447,975
Yampa Valley Electric AssociationSteamboat Springs, CO$61,093,638
Central Rural Electric CooperativeStillwater, OK$65,860,038
San Patricio Electric CooperativeSinton, TX$30,415,337
New Hampshire Electric Cooperative (NHEC)Plymouth, NH$142,800,980
Dakota Valley Electric CooperativeEdgeley, ND$59,508,662
Nonprofit Types
Public utilitiesPublic sector nonprofitsHeadquarter / parent organizations
Issues
No issues found
Characteristics
No characteristics found
Key performance indicators
Total revenues
$54,521,367
2019
Yearly growth
2.7%
% of revenues
n/a
Total expenses
$52,690,971
2019
Yearly growth
0.9%
% of expenses
n/a
Total assets
$134,080,879
2019
Yearly growth
5.2%
% of assets
n/a
Num. employees
83
2019
Yearly growth
-1.2%
% of total
n/a
General information
Address
PO Box 643
Pelican Rapids, MN 56572
Metro area
Fargo, ND-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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