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LAKE REGION ELECTRIC COOPERATIVE

EIN 41-0363020 PEL RAPIDS, MN

Largest nonprofits in Minnesota

Revenue 2023
$57,227,491
Expenses 2023
$56,773,094

As filed

Subsection
12
Classification
1000
Street
1401 S BROADWAY

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2023

Mission

TO PROVIDE OUR MEMBERS WITH SAFE, RELIABLE, AFFORDABLE ELECTRICITY, AND LEAD BY OFFERING INNOVATIVE ENERGY SERVICES TO GROW THE COOPERATIVE.

  • ELECTRICITY DISTRIBUTION - DISTRIBUTES ELECTRICITY TO 29,950 MEMBERS IN ITS 5,875 MILES OF LINES WITHIN THE SERVICE TERRITORY.

  • ETS HEATING (STEFFES)/WATER HEATERS/GENERATORS AND GOWEST SOLAR SYSTEMS - MEMBERS ABLE TO PURCHASE STEFFES ETS HEATERS/WATER HEATERS, GENERATORS, AND GOWEST SOLAR SYSTEMS THROUGH AN EASY PAY PURCHASE PROGRAM, THEN BILLED EACH MONTH ON ELECTRIC BILL.

As filed on the 2023 return.

Officers and directors · 2023

As listed in Part VII of the 2023 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Charlie Blixt

    DIRECTOR

    Total calculated
    $12,090
    From this org
    $12,090
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.19
  • Michael Brasel

    DIRECTOR

    Total calculated
    $10,600
    From this org
    $10,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.92
  • Jim Gronbeck

    DIRECTOR (STARTED 4/25/23)

    Total calculated
    $9,170
    From this org
    $9,170
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.07
  • Cecil Hensel

    SECRETARY/TREASURER

    Total calculated
    $11,890
    From this org
    $11,890
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.23
  • Thomas Jennen

    CHAIRMAN

    Total calculated
    $15,840
    From this org
    $15,840
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.73
  • Kurt Krueger

    VICE CHAIR

    Total calculated
    $13,790
    From this org
    $13,790
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.04
  • Patrick Meyers

    DIRECTOR

    Total calculated
    $10,610
    From this org
    $10,610
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.75
  • Gary Olson

    DIRECTOR

    Total calculated
    $10,970
    From this org
    $10,970
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.63
  • Earl Rydell

    DIRECTOR

    Total calculated
    $13,490
    From this org
    $13,490
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.06
  • Sidney Wisness

    VICE CHAIR (TERMED 4/25/23)

    Total calculated
    $5,630
    From this org
    $5,630
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.88
  • Tim Thompson

    CEO

    Total calculated
    $477,894
    From this org
    $322,815
    From related orgs
    $0
    Other
    $155,079
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $264,962
    Bonus
    $46,319
    Other
    $11,534
    Deferred
    $122,445
    Nontaxable benefits
    $34,704
    Filer's total
    $479,964
  • Amanda Fuller

    VICE PRESIDENT OF FINANCE/CFO

    Total calculated
    $138,696
    From this org
    $116,379
    From related orgs
    $0
    Other
    $22,317
    Hours/week
    45
  • Al Fazio

    VICE PRESIDENT OF ENGINEERING/OPERATIONS

    Total calculated
    $250,527
    From this org
    $164,880
    From related orgs
    $0
    Other
    $85,647
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $155,449
    Bonus
    $6,987
    Other
    $2,444
    Deferred
    $55,394
    Nontaxable benefits
    $31,798
    Filer's total
    $252,072
  • Dylan Aafedt

    VICE PRESIDENT OF BUSINESS SOLUTIONS

    Total calculated
    $182,038
    From this org
    $155,965
    From related orgs
    $0
    Other
    $26,073
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $147,939
    Bonus
    $6,231
    Other
    $1,795
    Deferred
    $13,581
    Nontaxable benefits
    $13,870
    Filer's total
    $183,416
  • Jason Haman

    LEAD JOURNEYMAN LINEWORKER

    Total calculated
    $205,176
    From this org
    $137,790
    From related orgs
    $0
    Other
    $67,386
    Hours/week
    47.85

    Schedule J breakdown matched by us

    Base
    $135,083
    Bonus
    $1,290
    Other
    $1,417
    Deferred
    $37,681
    Nontaxable benefits
    $30,698
    Filer's total
    $206,169
  • Donald Hanson

    LEAD JOURNEYMAN LINEWORKER

    Total calculated
    $195,637
    From this org
    $137,767
    From related orgs
    $0
    Other
    $57,870
    Hours/week
    49.14

    Schedule J breakdown matched by us

    Base
    $134,461
    Bonus
    $1,090
    Other
    $2,216
    Deferred
    $28,227
    Nontaxable benefits
    $30,636
    Filer's total
    $196,630
  • Paul Bergren

    SUPERINTENDENT - PELICAN RAPIDS

    Total calculated
    $212,925
    From this org
    $137,723
    From related orgs
    $0
    Other
    $75,202
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $129,512
    Bonus
    $5,558
    Other
    $2,653
    Deferred
    $62,136
    Nontaxable benefits
    $14,336
    Filer's total
    $214,195
  • Tim Hart

    ELECTRONICS SYSTEM SUPERVISOR

    Total calculated
    $181,586
    From this org
    $121,344
    From related orgs
    $0
    Other
    $60,242
    Hours/week
    51.76

    Schedule J breakdown matched by us

    Base
    $118,637
    Bonus
    $1,140
    Other
    $1,567
    Deferred
    $25,608
    Nontaxable benefits
    $35,546
    Filer's total
    $182,498

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. Earlier years are each on their own filing page.

Filings

  • 2023
    Revenue
    $57,227,491
    Expenses
    $56,773,094
    Contributions
    $0
    Grants paid
    $135,679
  • 2022
    Revenue
    $56,475,666
    Expenses
    $56,200,321
    Contributions
    $0
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $56,997,078
    Expenses
    $55,395,963
    Assets (EOY)
    $144,282,112
  • 2020 · 990

    Revenue
    $56,807,518
    Expenses
    $53,918,082
    Assets (EOY)
    $143,775,953
  • 2019 · 990

    Revenue
    $54,521,367
    Expenses
    $52,690,971
    Assets (EOY)
    $134,080,879
  • 2018 · 990

    Revenue
    $53,098,198
    Expenses
    $52,227,006
    Assets (EOY)
    $127,452,066
  • 2017 · 990

    Revenue
    $51,816,391
    Expenses
    $50,386,361
    Assets (EOY)
    $123,092,140
  • 2016 · 990

    Revenue
    $50,369,363
    Expenses
    $47,875,014
    Assets (EOY)
    $117,272,423
  • 2015 · 990

    Revenue
    $48,582,410
    Expenses
    $47,726,829
    Assets (EOY)
    $111,974,449
  • 2014 · 990

    Revenue
    $50,993,771
    Expenses
    $49,830,053
    Assets (EOY)
    $109,872,290
  • 2013 · 990

    Revenue
    $50,608,363
    Expenses
    $49,298,706
    Assets (EOY)
    $103,875,927
  • 2012 · 990

    Revenue
    not reported
    Expenses
    $45,520,418
    Assets (EOY)
    $99,971,914

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

Where these grants went next →

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2023 return

  • LAKE REGION ELECTRIC TRUST

    501(C)(3) · TO ACCUMULATE AND DISTRIBUTE FUNDS FOR CHARITABLE AND EDUCATIONAL PURPOSES · MN · controlled entity

Declared as related by

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Related corporations and trusts on its 2023 return

  • LAKE REGION ELECTRIC HOLDING COMPANY LLC

    C · HOLDING COMPANY · MN · 100% owned · share of income $706,197 · share of assets $5,954,583 · controlled entity

  • LAKE REGION ENERGY SERVICES INC

    C · NATURAL GAS DISTRUBUTION · MN · 100% owned · share of income $706,197 · share of assets $5,954,583 · controlled entity

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Not present in the most recent drop.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2023, the newest we have parsed for this organization.