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LAKE REGION ELECTRIC ASSOCIATION INC

EIN 46-0156581 WEBSTER, SD

Browse the largest nonprofits in South Dakota

Revenue 2025
$20,491,287
Expenses 2025
$20,349,970

As filed

Subsection
12
Classification
4000
Street
PO BOX 341

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 · 2025

Mission

TO PROVIDE THE HIGHEST QUALITY OF SERVICES AND PRODUCTS TO ITS MEMBERS WHILE MAINTAINING COMPETITIVE RATES.

Activities or mission (Part I)

PROVIDE THE HIGHEST QUALITY SERVICES AND PRODUCTS WHILE MAINTAINING COMPETITIVE RATES.

  • PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 2,606 MEMBERS ALONG 1,673 MILES OF ELECTRIC LINE.

As filed on the 2025 return.

Officers and directors · 2025

As listed in Part VII of the 2025 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Kermit Pearson

    PRESIDENT

    Total calculated
    $3,900
    From this org
    $3,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    10
  • Rodney Tobin

    VICE PRESIDENT

    Total calculated
    $6,900
    From this org
    $6,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    8
  • Thomas Lee Steiner

    SECRETARY

    Total calculated
    $6,600
    From this org
    $6,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    8
  • Andrea Kilker

    TREASURER

    Total calculated
    $5,700
    From this org
    $5,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    8
  • Amy Kuecker

    DIRECTOR

    Total calculated
    $6,600
    From this org
    $6,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    8
  • Mark Wismer

    DIRECTOR

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    8
  • Cody Paszek

    DIRECTOR

    Total calculated
    $8,400
    From this org
    $8,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    8
  • Jeremy T Lindemann

    GENERAL MANAGER/CEO

    Total calculated
    $306,503
    From this org
    $162,474
    From related orgs
    $0
    Other
    $144,029
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,474
    Bonus
    $0
    Other
    $0
    Deferred
    $103,452
    Nontaxable benefits
    $44,228
    Filer's total
    $310,154
  • James Grimes

    MANAGER OF OPERATIONS - LEFT 08/25

    Total calculated
    $166,492
    From this org
    $147,023
    From related orgs
    $0
    Other
    $19,469
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $106,023
    Bonus
    $0
    Other
    $41,000
    Deferred
    $6,755
    Nontaxable benefits
    $14,569
    Filer's total
    $168,347
  • Brett Kwasniewski

    MANAGER OF MEMBER SERVICES

    Total calculated
    $172,765
    From this org
    $115,838
    From related orgs
    $0
    Other
    $56,927
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $115,838
    Bonus
    $0
    Other
    $0
    Deferred
    $43,031
    Nontaxable benefits
    $16,512
    Filer's total
    $175,381
  • Donna Sattler

    DIRECTOR OF FINANCE/OFFICE

    Total calculated
    $230,341
    From this org
    $114,830
    From related orgs
    $0
    Other
    $115,511
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $114,830
    Bonus
    $0
    Other
    $0
    Deferred
    $82,184
    Nontaxable benefits
    $36,014
    Filer's total
    $233,028
  • Timothy Gaikowski

    MANAGER OF TECHNOLOGY SERV

    Total calculated
    $187,751
    From this org
    $115,720
    From related orgs
    $0
    Other
    $72,031
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $115,720
    Bonus
    $0
    Other
    $0
    Deferred
    $31,861
    Nontaxable benefits
    $43,007
    Filer's total
    $190,588
  • Daniel Williams

    LINE FOREMAN

    Total calculated
    $197,881
    From this org
    $107,463
    From related orgs
    $0
    Other
    $90,418
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $107,463
    Bonus
    $0
    Other
    $0
    Deferred
    $52,394
    Nontaxable benefits
    $40,454
    Filer's total
    $200,311

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

  • 2025
    Revenue
    $20,491,287
    Expenses
    $20,349,970
    Contributions
    $0
    Grants paid
    $27,896
  • 2024
    Revenue
    $21,153,524
    Expenses
    $20,960,091
    Contributions
    $0
    Grants paid
    $13,848
  • 2023
    Revenue
    $19,878,233
    Expenses
    $19,703,998
    Contributions
    $0
    Grants paid
    $13,137
  • 2022
    Revenue
    $19,790,370
    Expenses
    $19,719,627
    Contributions
    $0
    Grants paid
    $18,643

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
    $19,860,340
    Expenses
    $19,706,183
    Assets (EOY)
    $46,798,980
  • 2020 · 990

    Revenue
    $17,807,086
    Expenses
    $17,713,223
    Assets (EOY)
    $46,193,920
  • 2019 · 990

    Revenue
    $19,141,078
    Expenses
    $18,935,695
    Assets (EOY)
    $42,890,819
  • 2018 · 990

    Revenue
    $21,034,517
    Expenses
    $19,034,347
    Assets (EOY)
    $40,164,127
  • 2017 · 990

    Revenue
    $19,452,130
    Expenses
    $18,597,421
    Assets (EOY)
    $37,142,522
  • 2016 · 990

    Revenue
    $17,129,629
    Expenses
    $16,885,817
    Assets (EOY)
    $37,355,778
  • 2015 · 990

    Revenue
    $15,131,393
    Expenses
    $14,946,955
    Assets (EOY)
    $33,207,388
  • 2014 · 990

    Revenue
    $15,464,680
    Expenses
    $15,349,979
    Assets (EOY)
    $29,802,942
  • 2013 · 990

    Revenue
    $14,564,363
    Expenses
    $14,451,351
    Assets (EOY)
    $25,833,543
  • 2012 · 990

    Revenue
    not reported
    Expenses
    $12,891,164
    Assets (EOY)
    $23,541,964

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 as related by

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 2025, the newest we have parsed for this organization.