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LAKE REGION ELECTRIC TRUST

EIN 20-5114301 PEL RAPIDS, MN

Largest nonprofits in Minnesota

Revenue 2023
$141,777
Expenses 2023
$113,110

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

As filed

Subsection
03
NTEE code
T31
Classification
1000
Street
PO BOX 643

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

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.

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.

  • 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 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. Earlier years are each on their own filing page.

Filings

  • 2023
    Revenue
    $141,777
    Expenses
    $113,110
    Contributions
    $141,777
    Grants paid
    $111,900
  • 2022
    Revenue
    $118,905
    Expenses
    $80,841
    Contributions
    $117,905
    Grants paid
    $79,675

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-EZ

    Revenue
    $122,024
    Expenses
    $98,343
    Assets (EOY)
    $164,924
  • 2020 · 990-EZ

    Revenue
    $126,277
    Expenses
    $40,506
    Assets (EOY)
    $135,893
  • 2019 · 990-EZ

    Revenue
    $8,589
    Expenses
    $97,599
    Assets (EOY)
    $49,747
  • 2018 · 990-EZ

    Revenue
    $97,914
    Expenses
    $83,127
    Assets (EOY)
    $138,757
  • 2017 · 990-EZ

    Revenue
    $154,733
    Expenses
    $37,480
    Assets (EOY)
    $123,970

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.

Form 990-N e-Postcard, tax year 2016

Tax period
1 January 2016 to 31 December 2016
Principal officer
Tim Thompson
Mailing address
PO BOX 643PELICAN RAPIDS MN 56572

As filed, from the IRS e-Postcard file of 2 November 2026. The IRS publishes only each organization's most recent postcard, so earlier years are not shown. A 990-N carries no financial detail. The postcard also gives the principal officer's address, which is not shown here.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

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

Listed as of 13 October 2026, under deductibility PC.

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.