Skip to content
Nonprofiteer
← All organizations

LAKE COUNTRY POWER

EIN 41-1857633 COHASSET, MN

Largest nonprofits in Minnesota

Revenue 2025
$125,678,377
Expenses 2025
$125,678,377

As filed

Subsection
12
Classification
1200
Street
26039 BEAR RIDGE DR

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).

Other organizations at this address

1 other organization in the IRS Business Master File lists the same street address. matched by us

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

Mission and programs · 2025

Mission

TO ENHANCE OUR COMMUNITIES BY PROVIDING SAFE, RELIABLE, AND AFFORDABLE ENERGY SERVICES TO OUR MEMBERS.

Activities or mission (Part I)

TO PROVIDE ELECTRICITY AND OTHER SERVICES TO THE COOPERATIVE'S MEMBERS.

  • PROVISION OF ELECTRICITY AND OTHER SERVICES TO THE COOPERATIVE'S 44,489 MEMBERS.

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.

  • Craig Olson

    PRESIDENT

    Total calculated
    $15,900
    From this org
    $15,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.87
  • Michael Forsman

    SECRETARY

    Total calculated
    $14,400
    From this org
    $14,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.13
  • Jason Long

    DIRECTOR

    Total calculated
    $12,300
    From this org
    $12,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.46
  • Daniel Kingsley

    VICE PRESIDENT

    Total calculated
    $13,250
    From this org
    $13,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.71
  • Robert Bruckbauer

    DIRECTOR

    Total calculated
    $12,600
    From this org
    $12,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    11.75
  • Larry Anderson

    DIRECTOR

    Total calculated
    $14,700
    From this org
    $14,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    8.6
  • Steve Raukar

    DIRECTOR

    Total calculated
    $13,800
    From this org
    $13,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    10.15
  • Brian Napstad

    DIRECTOR

    Total calculated
    $16,500
    From this org
    $16,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.37
  • Jeff Sheldon

    TREASURER

    Total calculated
    $14,100
    From this org
    $14,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    10.85
  • Mark Bakk

    GENERAL MANAGER

    Total calculated
    $498,645
    From this org
    $391,334
    From related orgs
    $0
    Other
    $107,311
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $391,334
    Bonus
    $0
    Other
    $0
    Deferred
    $98,090
    Nontaxable benefits
    $11,134
    Filer's total
    $500,558
  • Derek Howe

    CHIEF OPERATING OFFICER

    Total calculated
    $351,002
    From this org
    $258,770
    From related orgs
    $0
    Other
    $92,232
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $258,770
    Bonus
    $0
    Other
    $0
    Deferred
    $72,808
    Nontaxable benefits
    $21,334
    Filer's total
    $352,912
  • Tracy Peterson Wirtanen

    CHIEF FINANCIAL OFFICER

    Total calculated
    $299,344
    From this org
    $238,250
    From related orgs
    $0
    Other
    $61,094
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $238,250
    Bonus
    $0
    Other
    $0
    Deferred
    $60,827
    Nontaxable benefits
    $2,010
    Filer's total
    $301,087
  • William Bussey

    DIRECTOR OF SAFETY & RISK

    Total calculated
    $296,819
    From this org
    $205,558
    From related orgs
    $0
    Other
    $91,261
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $205,558
    Bonus
    $0
    Other
    $0
    Deferred
    $64,383
    Nontaxable benefits
    $28,474
    Filer's total
    $298,415
  • Rebecca Seeley

    HUMAN RESOURCES DIRECTOR

    Total calculated
    $278,081
    From this org
    $191,822
    From related orgs
    $0
    Other
    $86,259
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $191,822
    Bonus
    $0
    Other
    $0
    Deferred
    $59,380
    Nontaxable benefits
    $28,447
    Filer's total
    $279,649
  • Jeff Thiel

    CREW CHIEF

    Total calculated
    $207,314
    From this org
    $180,436
    From related orgs
    $0
    Other
    $26,878
    Hours/week
    51.25

    Schedule J breakdown matched by us

    Base
    $180,436
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $27,903
    Filer's total
    $208,339
  • Craig Sistad

    CREW CHIEF

    Total calculated
    $208,345
    From this org
    $169,536
    From related orgs
    $0
    Other
    $38,809
    Hours/week
    50.35

    Schedule J breakdown matched by us

    Base
    $169,536
    Bonus
    $0
    Other
    $0
    Deferred
    $11,931
    Nontaxable benefits
    $27,903
    Filer's total
    $209,370
  • Wade Gould

    AREA SUPERVISOR

    Total calculated
    $231,106
    From this org
    $168,891
    From related orgs
    $0
    Other
    $62,215
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $168,891
    Bonus
    $0
    Other
    $0
    Deferred
    $41,215
    Nontaxable benefits
    $22,403
    Filer's total
    $232,509

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
    $125,678,377
    Expenses
    $125,678,377
    Contributions
    $0
    Grants paid
    $46,660
  • 2023
    Revenue
    $110,408,177
    Expenses
    $110,408,177
    Contributions
    $0
    Grants paid
    $29,234
  • 2022
    Revenue
    $110,864,875
    Expenses
    $110,871,573
    Contributions
    $0
    Grants paid
    $37,929

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
    $99,712,243
    Expenses
    $99,742,340
    Assets (EOY)
    $360,562,297
  • 2020 · 990

    Revenue
    $92,478,659
    Expenses
    $92,524,413
    Assets (EOY)
    $343,138,601
  • 2019 · 990

    Revenue
    $92,858,618
    Expenses
    $92,867,610
    Assets (EOY)
    $327,288,686
  • 2018 · 990

    Revenue
    $94,052,463
    Expenses
    $94,050,937
    Assets (EOY)
    $315,105,128
  • 2017 · 990

    Revenue
    $93,558,356
    Expenses
    $93,525,190
    Assets (EOY)
    $296,269,702
  • 2016 · 990

    Revenue
    $90,699,359
    Expenses
    $90,665,393
    Assets (EOY)
    $288,299,517
  • 2015 · 990

    Revenue
    $85,108,395
    Expenses
    $85,082,993
    Assets (EOY)
    $275,710,902
  • 2014 · 990

    Revenue
    $92,811,590
    Expenses
    $92,781,176
    Assets (EOY)
    $273,068,348
  • 2013 · 990

    Revenue
    $83,783,050
    Expenses
    $83,786,074
    Assets (EOY)
    $267,295,228
  • 2012 · 990

    Revenue
    not reported
    Expenses
    $79,385,291
    Assets (EOY)
    $258,938,102

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 2025 return

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 2025 return

  • LAKE COUNTRY POWER HOLDINGS INC

    C · HOLDING COMPANY · MN · 100% owned · share of income $411,456 · share of assets $11,720,478 · controlled entity

  • LAKE STATES TREE SERVICE INC

    C · TREE SERVICES · MN · 100% owned · share of income $87,532 · share of assets $5,793,253 · controlled entity

  • LAKE STATES CONSTRUCTION INC

    C · CONSTRUCTION · MN · 100% owned · share of income $157,538 · share of assets $5,098,049 · 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 2025, the newest we have parsed for this organization.