Skip to content
Nonprofiteer
← LYON-LINCOLN ELECTRIC COOPERATIVE INC

Form 990 for tax year 2025

Filed by LYON-LINCOLN ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$13,175,699
Total expenses
$13,175,699
Contributions and grants received
$0
Grants paid
$3,667
Program service revenue
$13,086,336
Investment income
$88,660
Other revenue
$703
Total assets, end of year
$45,409,372
Total liabilities, end of year
$27,464,581
Net assets or fund balances, end of year
$17,944,791
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: SALE OF POWER

    total $12,461,493 · related or exempt $12,461,493

  • 2b · Program service revenue: CAPITAL CREDITS

    total $618,343 · related or exempt $618,343

  • 2f · All other program service revenue

    total $6,500 · related or exempt $6,500

  • 3 · Investment income

    total $88,660 · excluded $88,660

  • 10a · Gross sales of inventory

    $4,235

  • 10b · Cost of goods sold

    $3,532

  • 10c · Net income from sales of inventory

    total $703 · excluded $703

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,667

  • 4 · Benefits paid to or for members

    total $1,107,145

  • 5 · Compensation of officers, directors and key employees

    total $532,859

  • 7 · Other salaries and wages

    total $1,295,921

  • 8 · Pension plan contributions

    total $257,708

  • 10 · Payroll taxes

    total $123,371

  • 20 · Interest

    total $768,453

  • 22 · Depreciation, depletion and amortization

    total $1,255,045

  • 24a · Other expenses: COST OF POWER

    total $7,090,389

  • 24b · Other expenses: DISTRIBUTION-MAINTENANC

    total $764,234

  • 24c · Other expenses: DISTRIBUTIONS-OPERATION

    total $474,366

  • 24d · Other expenses: CUSTOMER ACCOUNTS

    total $183,673

  • 24e · All other expenses

    total -$681,132

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,451,719 · end of year $1,477,538

  • 4 · Accounts receivable

    beginning of year $1,048,760 · end of year $1,123,694

  • 7 · Other notes and loans receivable

    beginning of year $36,282 · end of year $21,797

  • 8 · Inventories for sale or use

    beginning of year $915,423 · end of year $808,968

  • 9 · Prepaid expenses and deferred charges

    beginning of year $222,491 · end of year $196,517

  • 10a · Land, buildings and equipment: cost or other basis

    $45,061,762

  • 10b · Land, buildings and equipment: accumulated depreciation

    $13,247,957

  • 10c · Land, buildings and equipment, net

    beginning of year $29,591,952 · end of year $31,813,805

  • 12 · Investments: other securities

    beginning of year $80,809 · end of year $606,091

  • 13 · Investments: program-related

    beginning of year $9,144,867 · end of year $9,355,874

  • 14 · Intangible assets

    beginning of year $498 · end of year $498

  • 15 · Other assets

    beginning of year $4,590 · end of year $4,590

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,462,811 · end of year $1,440,436

  • 23 · Secured mortgages and notes payable

    beginning of year $23,858,503 · end of year $25,448,370

  • 25 · Other liabilities

    beginning of year $703,708 · end of year $575,775

  • 29 · Capital stock, trust principal or current funds

    beginning of year $19,885 · end of year $19,915

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $17,452,484 · end of year $17,924,876

Mission and programs · 2025

Mission

TO PROVIDE RELIABLE ELECTRICITY AND OTHER NEEDED SERVICES TO ENHANCE THE QUALITY OF LIFE IN OUR RURAL COMMUNITIES.

Activities or mission (Part I)

TO PROVIDE ELECTRICITY TO RURAL AREAS.

  • PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 3,954 METERS WITH 1,669 MILES OF LINE SERVICED, 27.66 MILES ADDED, AND 28.57 MILES REMOVED.

As filed on the 2025 return.

Listed in Part VII

  • Dale Fier

    PRESIDENT

    Total calculated
    $7,325
    From this org
    $7,325
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Scott Johnson

    VICE PRESIDENT

    Total calculated
    $4,050
    From this org
    $4,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Kathleen Schreurs

    SECRETARY & TREASURER

    Total calculated
    $7,325
    From this org
    $7,325
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Jared Dritz

    DIRECTOR

    Total calculated
    $3,950
    From this org
    $3,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Galen Grant

    DIRECTOR

    Total calculated
    $5,750
    From this org
    $5,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Mary Gunnink

    DIRECTOR

    Total calculated
    $5,100
    From this org
    $5,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Mike Longtin

    DIRECTOR

    Total calculated
    $6,275
    From this org
    $6,275
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • James A Rokeh

    DIRECTOR

    Total calculated
    $9,250
    From this org
    $9,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Joel Buyck

    DIRECTOR

    Total calculated
    $5,575
    From this org
    $5,575
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Timothy O'Leary

    GENERAL MANAGER

    Total calculated
    $357,482
    From this org
    $216,162
    From related orgs
    $0
    Other
    $141,320
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $214,790
    Bonus
    $256
    Other
    $1,116
    Deferred
    $120,989
    Nontaxable benefits
    $24,473
    Filer's total
    $361,624

  • Kristi Jensen

    FINANCE MANAGER

    Total calculated
    $146,179
    From this org
    $131,173
    From related orgs
    $0
    Other
    $15,006
    Hours/week
    40

  • Lyle Lamote

    LINE SUPERINTENDENT

    Total calculated
    $149,689
    From this org
    $121,164
    From related orgs
    $0
    Other
    $28,525
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $119,809
    Bonus
    $271
    Other
    $1,084
    Deferred
    $7,804
    Nontaxable benefits
    $23,108
    Filer's total
    $152,076

  • Wade Thooft

    OPERATIONS ASSISTANT

    Total calculated
    $187,942
    From this org
    $112,545
    From related orgs
    $0
    Other
    $75,397
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $112,045
    Bonus
    $271
    Other
    $229
    Deferred
    $54,848
    Nontaxable benefits
    $22,770
    Filer's total
    $190,163

  • Trent Skjefte

    JOURNEYMAN LINEMAN

    Total calculated
    $130,585
    From this org
    $102,104
    From related orgs
    $0
    Other
    $28,481
    Hours/week
    40

  • Sam Rohde

    JOURNEYMAN LINEMAN

    Total calculated
    $124,296
    From this org
    $105,129
    From related orgs
    $0
    Other
    $19,167
    Hours/week
    40

  • Brian Jeremiason

    MANAGER OF MARKETING & EXTERNAL RELATIONS

    Total calculated
    $158,937
    From this org
    $101,928
    From related orgs
    $0
    Other
    $57,009
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $101,164
    Bonus
    $271
    Other
    $493
    Deferred
    $35,352
    Nontaxable benefits
    $23,754
    Filer's total
    $161,034

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

SCHEDULE J, PART II, COLUMN C:
INCLUDED IN THE AMOUNT REPORTED IN COLUMN C IS THE CHANGE IN ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN: - TIMOTHY O'LEARY $111,902 - WADE THOOFT $50,018 - LYLE LAMOTE N/A - BRIAN JEREMIASON $30,782 THE ACTUAL COOPERATIVE CONTRIBUTIONS TO THE DEFINED BENEFIT PLAN: - TIMOTHY O'LEARY $56,840 - WADE THOOFT $30,449 - LYLE LAMOTE N/A - BRIAN JEREMIASON $28,766

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • LYON-LINCOLN ELECTRIC TRUST INC

    501(C)(3) · DISTRIBUTING CONTRIBUTIONS FROM COOPERATIVE MEMBERS TO LOCAL ORGANIZATIONS · MN · controlled entity

    Directly controlled by LYON-LINCOLN ELECTRIC COOPERATIVE

Provenance

Return type
form_990
Tax year
2025
Filed
25 June 2026
IRS schema version
2025v4.2
Source object
202641769349300129

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.