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Nonprofiteer
← LAKE REGION ELECTRIC TRUST

Form 990-EZ for tax year 2023

Filed by LAKE REGION ELECTRIC TRUST.

Totals

Total revenue
$141,777
Total expenses
$113,110
Contributions and grants received
$141,777
Grants paid
$111,900
Program service revenue
not reported
Membership dues (line 3)
not reported
Investment income (line 4)
not reported
Gain or loss on sale of assets (line 5c)
not reported
Gaming and fundraising events, net (line 6d)
not reported
Gross profit on inventory sales (line 7c)
not reported
Other revenue (line 8)
not reported
Total assets, end of year
$232,105
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$232,105
Program service expenses (Part III)
$111,900

Program services were 98.9% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.

Mission and programs · 2023

Primary exempt purpose

THIS CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND OTHER PURPOSES AS SPECIFIED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, INCLUDING FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR THE CORRESPONDING SECTION OF ANY FEDERAL TAX CODE.

  • THE GENERAL PURPOSE OF THIS CORPORATION SHALL BE TO ADVANCE, PROMOTE, ENHANCE, AND ENGAGE IN CHARITABLE AND EDUCATIONAL PURPOSES, PRIMARILY IN THE AREA SERVED BY LAKE REGION ELECTRIC COOPERATIVE, PELICAN RAPIDS, MINNESOTA, WHICH WILL INCLUDE:THE ACCUMULATION AND DISBURSEMENTS OF FUNDS FOR CHARITABLE AND EDUCATIONAL PURPOSES, INCLUDING EMERGENCY ENERGY ASSISTANCE. TO CARRY ON ANY AND ALL ACTIVITIES PERMITTED TO BE CARRIED ON BY A NON-PROFIT CORPORATION UNDER THE STATE LAWS OF MINNESOTA AND THE FEDERAL LAWS OF THE UNITED STATES. TO MAKE DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE.

    Expenses $111,900 · Grants $111,900

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part IV

  • Denise Laymon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.9
  • Kristie Partain

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.9
  • Tex Larson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.9
  • Nick Murdock

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.9
  • Karen Hart

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.9
  • Patty Johnson

    CHAIR

    Total calculated
    $0
    Hours/week
    0.9
  • Don Davenport

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.9
  • Polly Reitan

    TREASURER

    Total calculated
    $0
    Hours/week
    0.9
  • Ruth Vetter

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.9
  • Amanda Fuller

    EXECUTIVE DIRECTOR (STARTED 9/23)

    Total calculated
    $0
    Hours/week
    0.9
  • Tiffini Dankert

    RECORDING SECRETARY

    Total calculated
    $0
    Hours/week
    0.9
  • Theresa Halverson

    EXECUTIVE DIRECTOR (THRU 9/23)

    Total calculated
    $0
    Hours/week
    0.9

Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, 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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990_ez
Tax year
2023
Filed
1 October 2024
IRS schema version
2023v5.1
Source object
202402859349200205

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