Civic Intelligence

Lake Region Electric Association Inc

EIN 46-0156581 • 501(c)12 • Webster, SD

Profile

To provide the highest quality of services and products to its members while maintaining competitive rates.

PO Box 341Webster, SD 57274-0341

www.lakeregion.coop

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

82nd percentile

0.63x

Higher debt load relative to assets than 82% of similar nonprofits.

501(c)12 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

1.59x

Higher debt load relative to revenue than 61% of similar nonprofits.

501(c)12 • $50M-$100M nonprofits • Source year 2024

Net Margin

51st percentile

0.9%

Higher net margin than 51% of similar nonprofits.

501(c)12 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

20th percentile

$207,899

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

501(c)12 • $50M-$100M nonprofits • Source year 2024

Asset Growth

76th percentile

7.4%

Faster asset growth than 76% of similar nonprofits.

501(c)12 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

67th percentile

6.4%

Faster revenue growth than 67% of similar nonprofits.

501(c)12 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Up

$53,701,411

Up $3,714,706 (+7.4%) from 2023

Liabilities

Up

$33,651,499

Up $3,125,474 (+10%) from 2023

Net Assets

Up

$20,049,912

Up $589,232 (+3.0%) from 2023

Revenue

Up

$21,153,524

Up $1,275,291 (+6.4%) from 2023

Expenses

Up

$20,960,091

Up $1,256,093 (+6.4%) from 2023

Net Income

Up

$193,433

Up $19,198 (+11%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2010: $20,326,049Liabilities 2010: $13,016,566Net Assets 2010: $7,309,4832010Assets 2011: $21,684,254Liabilities 2011: $13,931,827Net Assets 2011: $7,752,4272011Assets 2012: $23,541,964Liabilities 2012: $14,886,856Net Assets 2012: $8,655,1082012Assets 2013: $25,833,543Liabilities 2013: $16,740,548Net Assets 2013: $9,092,9952013Assets 2014: $29,802,942Liabilities 2014: $19,783,451Net Assets 2014: $10,019,4912014Assets 2015: $33,207,388Liabilities 2015: $22,390,456Net Assets 2015: $10,816,9322015Assets 2016: $37,355,778Liabilities 2016: $25,280,693Net Assets 2016: $12,075,0852016Assets 2017: $37,142,522Liabilities 2017: $24,172,009Net Assets 2017: $12,970,5132017Assets 2018: $40,164,127Liabilities 2018: $25,291,788Net Assets 2018: $14,872,3392018Assets 2019: $42,890,819Liabilities 2019: $27,127,729Net Assets 2019: $15,763,0902019Assets 2020: $46,193,920Liabilities 2020: $29,553,042Net Assets 2020: $16,640,8782020Assets 2021: $46,798,980Liabilities 2021: $29,498,896Net Assets 2021: $17,300,0842021Assets 2022: $46,911,496Liabilities 2022: $28,321,303Net Assets 2022: $18,590,1932022Assets 2023: $49,986,705Liabilities 2023: $30,526,025Net Assets 2023: $19,460,6802023Assets 2024: $53,701,411Liabilities 2024: $33,651,499Net Assets 2024: $20,049,9122024

Highlighted filing

2024

Assets$53,701,411
Liabilities$33,651,499
Net Assets$20,049,912

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0Expenses 2010: $8,132,9172010Expenses 2011: $11,179,9732011Expenses 2012: $12,891,1642012Revenue 2013: $14,564,363Expenses 2013: $14,451,351Net Income 2013: $113,0122013Revenue 2014: $15,464,680Expenses 2014: $15,349,979Net Income 2014: $114,7012014Revenue 2015: $15,131,393Expenses 2015: $14,946,955Net Income 2015: $184,4382015Revenue 2016: $17,129,629Expenses 2016: $16,885,817Net Income 2016: $243,8122016Revenue 2017: $19,452,130Expenses 2017: $18,597,421Net Income 2017: $854,7092017Revenue 2018: $21,034,517Expenses 2018: $19,034,347Net Income 2018: $2,000,1702018Revenue 2019: $19,141,078Expenses 2019: $18,935,695Net Income 2019: $205,3832019Revenue 2020: $17,807,086Expenses 2020: $17,713,223Net Income 2020: $93,8632020Revenue 2021: $19,860,340Expenses 2021: $19,706,183Net Income 2021: $154,1572021Revenue 2022: $19,790,370Expenses 2022: $19,719,627Net Income 2022: $70,7432022Revenue 2023: $19,878,233Expenses 2023: $19,703,998Net Income 2023: $174,2352023Revenue 2024: $21,153,524Expenses 2024: $20,960,091Net Income 2024: $193,4332024

Highlighted filing

2024

Revenue$21,153,524
Expenses$20,960,091
Net Income$193,433

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$53.7$33.7$20.0$21.2$21.0$0.19
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$50.0$30.5$19.5$19.9$19.7$0.17
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.9$28.3$18.6$19.8$19.7$0.07
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$46.8$29.5$17.3$19.9$19.7$0.15
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.2$29.6$16.6$17.8$17.7$0.09
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$42.9$27.1$15.8$19.1$18.9$0.21
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$40.2$25.3$14.9$21.0$19.0$2.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$37.1$24.2$13.0$19.5$18.6$0.85
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$37.4$25.3$12.1$17.1$16.9$0.24
2015Detailed filing. Detailed filing data is available for this year.$33.2$22.4$10.8$15.1$14.9$0.18
2014Detailed filing. Detailed filing data is available for this year.$29.8$19.8$10.0$15.5$15.3$0.11
2013Detailed filing. Detailed filing data is available for this year.$25.8$16.7$9.09$14.6$14.5$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.5$14.9$8.66$12.9
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.7$13.9$7.75$11.2
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.3$13.0$7.31$8.13
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 30, 2025
Return Version
2024v5.2
Gross Receipts
$21,896,530
Mission and Program Overview

Mission

To provide the highest quality of services and products to its members while maintaining competitive rates.

Provide the highest quality services and products while maintaining competitive rates.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$32,056,263$34,370,193▲ $2,313,930
Rtn Earn Endowment Incm Other Fnds$19,460,680$20,049,912▲ $589,232
Investments Program Related$11,878,761$12,567,710▲ $688,949
Inventories for Sale or Use$1,507,976$1,909,805▲ $401,829
Accounts Receivable$1,743,139$1,875,385▲ $132,246
Savings and Temporary Cash Investments$564,403$1,076,303▲ $511,900
Other Notes and Loans Receivable, Net$670,197$567,291▼ $102,906
Prepaid Expenses and Deferred Charges$216,033$182,875▼ $33,158
Investments Other Securities$149,933$151,849▲ $1,916
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$49,986,705$53,701,411▲ $3,714,706
Other Assets Total$1,200,000$1,000,000▼ $200,000
Liabilities
Mortgage Notes Payable Secured by Investment Property$27,254,294$30,406,303▲ $3,152,009
Accounts Payable and Accrued Expenses$1,802,516$1,961,218▲ $158,702
Deferred Revenue$1,353,106$1,125,185▼ $227,921
Other Liabilities$116,109$158,793▲ $42,684
Total Liabilities$30,526,025$33,651,499▲ $3,125,474
Net Assets / Fund Balance
Total Net Assets Fund Balance$19,460,680$20,049,912▲ $589,232
Total Liabilities and Net Assets / Fund Balance$49,986,705$53,701,411▲ $3,714,706

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$32,413,071$12,345,055$44,758,126
Buildings$873,569$581,183$1,454,752
Other Land Buildings$1,055,075-$1,055,075
Land$28,478-$28,478
Investment Program Related Org$2,400--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Donna SattlerDirector of Finance/office ManagerFT$105,986$104,385$210,371
Timothy McintyreGeneral Manager/CEO - Left 9/2024FT$149,525$30,474$179,999
Timothy GaikowskiManager of Technology ServicesFT$110,724$62,501$173,225
Brett KwasniewskiManager of Member ServicesFT$109,160$48,865$158,025
James GrimesManager of OperationsFT$113,506$38,337$151,843
Jeremy T LindemannGeneral Manager/CEO - Joined 9/2024FT$47,688$27,534$75,222
Rodney TobinVice PresidentPT$9,958-$9,958
Cody PaszekDirectorPT$8,400-$8,400
Thomas Lee SteinerSecretaryPT$8,100-$8,100
Amy KueckerDirectorPT$7,200-$7,200
Andrea KilkerTreasurerPT$6,600-$6,600
Mark WismerDirectorPT$6,600-$6,600
Kermit PearsonPresidentPT$4,500-$4,500

Highest Paid Contractors

ContractorServicesLocationCompensation
K&h ElectricUnderground Construction243 S SAINT PAUL AVE, Linton, ND 58552$536,229
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$21,082,668
Investment Income
$129,493
Other Revenue
$-58,637
Change in Net Assets
$193,433

Audited Revenue Reconciliation

Revenue per Audited Statements
$21,153,524
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$21,153,524
Total Revenue per Form 990
$21,153,524
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$17,028,716
Salaries, Compensation, and Employee Benefits$2,704,385
Grants and Similar Amounts Paid$13,848
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,753,003
Depreciation Depletion---$1,274,750
Benefits to Members---$1,213,142
Interest---$858,122
Pension Plan Contributions---$504,973
Other Expenses---$338,880
Current Officers, Directors, Trustees, and Key Employees---$296,513
Payroll Taxes---$149,896
Grants to Domestic Orgs---$13,848
All Other Expenses---$-1,048,080
Total Functional Expenses$0$0$0$20,960,091

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$20,960,091
Expenses per Audited Statements$19,746,949
Total Expenses per Audited Statements$19,746,949
Expenses Not Reported on Financial Statements$1,213,142
Other Expense Adjustments$1,213,142
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Glacial Lakes Area DevelopmentBritton, SD501(c)(3)Assist Local Organizations Such as Food Banks, Kids Backpack Meals, 4-h.$10,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Finance Lease Liablity$125,176
Customer Deposits$33,617
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

ONE CLASS OF MEMBERS.

Form 990, Part VI, Section A, Line 7A

All members have the right to vote at the annual meeting.

Form 990, Part VI, Section A, Line 7B

Revisions or resolutions to the by-laws require approval by the members.

Form 990, Part VI, Section A, Line 8B

The organization does not have a committee that can act on behalf of the board.

Form 990, Part VI, Section B, Line 11B

The general manager/ceo reviews the 990 in detail. After his review, the 990 is provided to each board member. The 990 is presented at the board of directors meeting held prior to its filing if so requested by any board member. Whether presented in a board meeting or not, the 990 is not filed until each board member has been given a copy of it.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy covers all board members and employees. In regard to board members: directors shall make full disclosure to the board of any facts which may indicate a conflict of interest. If a conflict of interest is established, then the director may remove himself/herself from the room. The board will determine if there is value that the director be involved during the discussion period. At any time during the discussion period, the board may ask the director to leave the room, so the discussion may continue. In regard to employees: possible conflicts of interest should be discussed with the employee's supervisor, who shall seek the advice of the general manager/ceo, if necessary.

Form 990, Part VI, Section B, Line 15A

The board uses nreca compensation study and sdrea wage and salary survey to set the general manager/ceo's compensation. General manager/ceo uses nreca compensation study and sdrea wage and salary survey to set employees' wages. This process is undertaken annually.

Form 990, Part VI, Section C, Line 19

These forms are available for review at the organization's headquarters.

FORM 990, PART VII:

The general manager/ceo acts as both the top management official and the top financial official of the cooperative.

Filing and Contact Details

Filer

Filer Name
Lake Region Electric Association Inc
EIN
46-0156581
Phone
6053453379
Address
PO BOX 341, WEBSTER, SD 57274-0341

Signing Officer

Name
Jeremy T Lindemann
Title
General Manager/CEO
Phone
6053453379
Signed
2025-06-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeremy T Lindemann
Formed
1941
Legal Domicile
Sd
Voting Board Members
7
Independent Board Members
7
Employees
24
Volunteers
0

Preparer

Firm
Eide Bailly Llp
Address
345 N REID PL STE 400, SIOUX FALLS, SD 57103-7034
Preparer
Laurie Hanson CPA
Phone
6053391999
Supplemental Narrative

Additional Explanations

FORM 990, PART IX, LINE 24E STATEMENT OF FUNCTIONAL EXPENSES:

The labor, pension and payroll taxes reported on lines 5-10 are included in distribution expense, administrative & general expense and customer expense on the audited financial statement. Therefore, labor, pension and payroll taxes are shown as a reduction to other expenses on line 24e.

FORM 990, PART XI, LINE 9:

Retirement of capital credits -817,343. Margin allocations in 2025 for 2024 1,213,142.

FORM 990, PART IX, LINE 4, BENEFITS PAID TO OR FOR MEMBERS:

The cooperative has interpreted the instructions to part ix, line 4, to mean patronage capital allocated for the year, rather than patronage capital retired. This is consistent with the by-laws of the cooperative.

Financial Statement Notes

PART X, LINE 2:

The association is exempt from income taxes under section 501(c)(12) of the internal revenue code and is annually required to file a return of organization exempt from income tax (form 990) with the irs. The association believes it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The association would recognize future accrued interest and penalties related to unrecognized tax benefits in income tax expense if such interest and penalties were incurred.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Margin allocations in 2025 for 2024 1,213,142.

Raw XML AppendixShowing 400 of 558 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivityOrMissionDesc0PROVIDE THE HIGHEST QUALITY SERVICES AND PRODUCTS WHILE MAINTAINING COMPETITIVE RATES.
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt28100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt36600
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt47200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt56600
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt68400
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7149525
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt847688
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9113506
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10109160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11105986
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12110724
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7GENERAL MANAGER/CEO - LEFT 9/2024
IRS990/Form990PartVIISectionAGrp/TitleTxt8GENERAL MANAGER/CEO - JOINED 9/2024
IRS990/Form990PartVIISectionAGrp/TitleTxt9MANAGER OF OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt10MANAGER OF MEMBER SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR OF FINANCE/OFFICE MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt12MANAGER OF TECHNOLOGY SERVICES
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01941
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt021552
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToDomesticOrgsGrp/TotalAmt013848
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt021552
IRS990/GrossReceiptsAmt021896530
IRS990/GrossSalesOfInventoryAmt0684369
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt05
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/TotalAmt0858122
IRS990/InventoriesForSaleOrUseGrp/BOYAmt01507976
IRS990/InventoriesForSaleOrUseGrp/EOYAmt01909805
IRS990/InvestmentIncomeGrp/ExclusionAmt0107941
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0107941
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0149933
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0151849
IRS990/InvestmentsProgramRelatedGrp/BOYAmt011878761
IRS990/InvestmentsProgramRelatedGrp/EOYAmt012567710
IRS990/IRPDocumentCnt0158
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt012926238
IRS990/LandBldgEquipBasisNetGrp/BOYAmt032056263
IRS990/LandBldgEquipBasisNetGrp/EOYAmt034370193
IRS990/LandBldgEquipCostOrOtherBssAmt047296431
IRS990/LegalDomicileStateCd0SD
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersAndShrGrossIncomeAmt020813626
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE THE HIGHEST QUALITY OF SERVICES AND PRODUCTS TO ITS MEMBERS WHILE MAINTAINING COMPETITIVE RATES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt027254294
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt030406303
IRS990/NetAssetsOrFundBalancesBOYAmt019460680
IRS990/NetAssetsOrFundBalancesEOYAmt020049912
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt021552
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt021552
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0-58637
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0-58637
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01200000
IRS990/OtherAssetsTotalGrp/EOYAmt01000000
IRS990/OtherChangesInNetAssetsAmt0395799
IRS990/OtherExpensesGrp/Desc0COST OF POWER
IRS990/OtherExpensesGrp/Desc1DISTRIBUTION - OPERATIO
IRS990/OtherExpensesGrp/Desc2DISTRIBUTION - MAINTENA
IRS990/OtherExpensesGrp/Desc3TAXES
IRS990/OtherExpensesGrp/TotalAmt014183191
IRS990/OtherExpensesGrp/TotalAmt1992043
IRS990/OtherExpensesGrp/TotalAmt2429810
IRS990/OtherExpensesGrp/TotalAmt3338880
IRS990/OtherLiabilitiesGrp/BOYAmt0116109
IRS990/OtherLiabilitiesGrp/EOYAmt0158793
IRS990/OtherSalariesAndWagesGrp/TotalAmt01753003
IRS990/OtherSourcesGrossIncomeAmt0522503
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0670197
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0567291
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0149896
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0504973
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0216033
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0182875
IRS990/PrincipalOfficerNm0JEREMY T LINDEMANN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/Desc0SALE OF POWER
IRS990/ProgramServiceRevenueGrp/Desc1CAPITAL CREDITS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt020046806
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11035862
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt020046806
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11035862
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt01539064
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt013137
IRS990/PYInvestmentIncomeAmt0113558
IRS990/PYOtherExpensesAmt015698336
IRS990/PYOtherRevenueAmt0-16953
IRS990/PYProgramServiceRevenueAmt019781628
IRS990/PYRevenuesLessExpensesAmt0174235
IRS990/PYSalariesCompEmpBnftPaidAmt02453461
IRS990/PYTotalExpensesAmt019703998
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt019878233
IRS990/ReconcilationRevenueExpnssAmt0193433
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt019460680
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt020049912
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0564403
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01076303
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0873569
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0581183
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01454752
IRS990ScheduleD/EquipmentGrp/BookValueAmt032413071
IRS990ScheduleD/EquipmentGrp/DepreciationAmt012345055
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt044758126
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01213142
IRS990ScheduleD/ExpensesSubtotalAmt019746949
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt011821402
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1300581
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt2109311
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt3193403
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt497613
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt543000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt62400
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0EAST RIVER ELECTRIC POWER COOPERATIVE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2FEDERATED RURAL ELECTRIC INSURANCE CORPORATION
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3RURAL ELECTRIC SUPPLY COOPERATIVE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4COBANK
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc5RURAL ELECTRIC ECONOMIC DEVELOPMENT INC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc6OTHER INVESTMENTS IN ASSOCIATED COMPANIES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd4C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd5C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd6C
IRS990ScheduleD/LandGrp/BookValueAmt028478
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt028478
IRS990ScheduleD/OtherExpensesNotIncludedAmt01213142
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01055075
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01055075
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt033617
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1125176
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1FINANCE LEASE LIABLITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt021153524
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE AND IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. THE ASSOCIATION BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ASSOCIATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES WERE INCURRED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1MARGIN ALLOCATIONS IN 2025 FOR 2024 1,213,142.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt034370193
IRS990ScheduleD/TotalBookValueProgramRltdAmt012567710
IRS990ScheduleD/TotalExpensesPerForm990Amt020960091
IRS990ScheduleD/TotalLiabilityAmt0158793
IRS990ScheduleD/TotalRevenuePerForm990Amt021153524
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt021153524
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt019746949
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt010000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0ASSIST LOCAL ORGANIZATIONS SUCH AS FOOD BANKS, KIDS BACKPACK MEALS, 4-H.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0GLACIAL LAKES AREA DEVELOPMENT
IRS990ScheduleI/RecipientTable/RecipientEIN0870787080
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 231
IRS990ScheduleI/RecipientTable/USAddress/CityNm0BRITTON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0SD
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd057274
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0EACH YEAR THE COOPERATIVE PARTNERS WITH COBANK IN THEIR SHARING SUCCESS PROGRAM. THE COOPERATIVE PROVIDES A GRANT TO MAXIMIZE THE MATCHING GRANT OFFERED BY COBANK. THE GRANT GOES TO ONE OF TWO DEVELOPMENT ORGANIZATIONS IN THE AREA: GLACIAL LAKES AREA DEVELOPMENT OR WEBSTER AREA DEVELOPMENT (ALTERNATING YEARS). IT IS ULTIMATELY UP TO THE RECIPIENT TO DETERMINE HOW TO USE THE MONEY. THE COOP PROVIDES A LIST OF DESIGNATED CHARITIES THAT THEY'D LIKE TO SEE RECEIVE THE DONATIONS, SUCH AS FOOD BANKS, KIDS BACKPACK MEAL PROGRAMS, 4-H PROGRAMS, SD YOUTH PROGRAMS, SPECIAL OLYMPICS, ETC. A LETTER IS ALSO PROVIDED WITH THE PAYMENT TO THE DEVELOPMENT ORGANIZATION TO BE FORWARDED TO EACH END RECIPIENT ACKNOWLEDGING THE DONATION ON BEHALF OF A SHARED PARTNERSHIP BETWEEN LAKE REGION ELECTRIC AND COBANK.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0105986
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1149525
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2110724
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt3109160
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt4113506
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt40

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