2025-04-23T17:21:29-07:00 2024-12-31 990 2024-01-01 930209125 LANE ELECTRIC COOPERATIVE INC LANE 5414841151 787 Bailey Hill Rd Eugene OR 97402 Scott Coe General Manager 5414841151 2025-04-23 1 2024 2025-03-06 01:10:19Z Scott Coe 787 Bailey Hill Road Eugene OR 97402 29485746 0 X www.laneelectric.com X 1939 OR Provide Electric Service to Approximately 10,000 members 7 7 49 0 0 0 0 0 28636397 29192513 43282 74835 122608 218398 28802287 29485746 21500 20500 16529 1483190 1889014 2377154 0 0 0 26709354 25311669 28636397 29192513 165890 293233 89131436 99187111 50975419 59145207 38156017 40041904 PROVIDE ELECTRIC SERVICE TO APPROXIMATELY 10,000 MEMBERS 0 0 29192513 29338228 PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 10,000 MEMBERS THROUGH WHOLESALE PURCHASE OF POWER, MAINTENANCE OF TRANSMISSION AND DISTRIBUTION FACILITIES AS WELL AS OVERALL OPERATION ACTIVITIES. 0 0 0 29192513 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 55 0 49 1 0 0 0 0 0 29338228 956450 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 OR X Karl Ramsey 5414841151 787 Bailey Hill Rd Eugene OR 97402 Debora Wilson General Manager 45 0 X 296139 0 111026 Jeffrey Dau Line Foreman 55 0 X 251945 0 76925 Travis Larsen Foreman 53 0 X 234269 0 85306 Brian Mattie Serviceman 51 0 X 224695 0 81600 Myles Rodakowski Foreman 50 0 X 220297 0 85311 Herb Anderson Serviceman 52 0 X 231202 0 73914 Karl Ramsey Manager, Finance and Administration 40 0 X 199639 0 46538 Susan Knudsen Obermeyer Secretary 15 0 X X 22125 0 0 Chris Seubert Treasurer 12 0 X X 20675 0 0 Jeanette I Kessler Director 28 0 X 19200 0 0 Kris Martes President 10 0 X X 18925 0 0 Kathy Keable Director 13 0 X 18100 0 0 Dean Livelybrooks Vice-President 8 0 X X 15000 0 0 James Martini Director 6 0 X 6900 0 0 Paula Brown Director 6 0 X 800 0 0 1779911 0 560620 37 0 1 0 ICF INCORPORATED LLC 9300 Lee Highway Fairfax VA 22031 Grant Management 2290975 WEST LANE TREE SERVICE 24861 Warthen Road Elmira OR 97437 ROW Maintenance 1989599 PROFESSIONAL UNDERGROUND 90185 Zumwalt St Eugene OR 97402 Excavating 1169299 DJ'S ELECTRICAL INC PO Box 289 Brush Prairie WA 98606 ROW Services 1010886 K&B TECHNICAL SOLUTIONS PO Box 2529 Clackamas OR 97015 Joint Use Management 312669 24 0 0 0 0 0 0 0 0 Operating Revenue 221000 28911171 28911171 0 0 Pole Rental 221000 281342 0 0 281342 0 0 0 0 29192513 34947 34947 0 0 0 0 0 0 0 0 0 0 0 0 0 39888 0 0 0 39888 39888 39888 0 0 0 Patronage Dividends 221000 184643 184643 0 0 Gain (Loss) Post-Retirement Benefits 221000 33755 33755 0 0 0 0 0 0 218398 29485746 29204404 0 281342 20500 1483190 775067 1565464 36623 1607221 3056539 Purchased Power Expense 9193603 Transmission and Distribution Expense 7056361 Customer and Member Services Expenses 2034747 General & Administrative Expenses 1308711 1054487 29192513 0 0 0 80183 237792 76472 52420 0 0 12726430 14885173 0 0 0 0 0 0 2161761 3538353 545495 554867 110620248 35875685 68442150 74744563 3959669 3978285 1139276 1195658 89131436 99187111 8738439 9600369 0 0 0 0 0 0 0 0 0 0 39442292 46919268 0 0 2794688 2625570 50975419 59145207 X 2784574 2784574 0 0 35371443 37257330 38156017 40041904 89131436 99187111 X 293233 0 0 0 0 1592654 X 0 1 X 1 1 1 0 338198 338198 0 8611365 3788483 4822882 0 0 0 0 0 101670685 32087202 69583483 0 0 0 0 74744563 0 Deferred Credits 2625570 2625570 X 29485746 0 0 0 0 0 29485746 0 0 0 29485746 27709323 0 0 0 0 0 27709323 0 1483190 1483190 29192513 Schedule D, Part X, Line 2 The Cooperative follows GAAP related to the recognition of uncertain tax positions. The Cooperative recognizes accrued interest and penalties associated with uncertain tax positions as part of the income tax provision, when applicable. The Cooperative does not have any uncertain tax positions and there were no amounts accrued in the financial statements related to uncertain tax positions in 2024 or 2023. Schedule D, Part XII, Line 4b Benefits Paid to or For Member 1 Educational Grants 5 20500 0 Schedule I, Part I, Line 2 Educational grants are budgeted annually and awarded through an interview process by a scholarship committee. Recipients are eligible for the awarded funds by enrolling in the designated program. Distributions are made directly to the appropriate institution upon verification of enrollment. Unclaimed funds are returned to the Cooperative and may or may not be re-awarded at the board's discretion. X 1 1 X X 0 0 0 Debora Wilson General Manager 285829 0 0 0 10310 0 100249 0 10777 0 407165 0 0 0 Karl Ramsey Manager, Finance and Administration 197217 0 0 0 2422 0 24220 0 22318 0 246177 0 0 0 Brian Mattie Serviceman 222367 0 0 0 2328 0 51945 0 29655 0 306295 0 0 0 Herb Anderson Serviceman 227756 0 0 0 3446 0 51987 0 21927 0 305116 0 0 0 Jeffrey Dau Line Foreman 249982 0 0 0 1963 0 57717 0 19208 0 328870 0 0 0 Travis Larsen Foreman 232685 0 0 0 1584 0 55512 0 29794 0 319575 0 0 0 Myles Rodakowski Foreman 218982 0 0 0 1315 0 55517 0 29794 0 305608 0 0 0 Schedule J, Part I, Line 1a The Engineering & Operations Manager and the Operations Superintendent both received $4,000 for accommodation expenses for their first two months of employment with the organization. This was paid through payroll and subject to taxes in the same way as normal compensation. If either of these employees resign from their position within 12 months, they repay 100% of the costs, reducing by 25% each year until no expenses would be repayable after 4 years. The Operations Superintendent was terminated and did not have to repay the accommodation expenses. An Engineering Technician who started in 2024 received a similar payment for $3,443.95 with the same conditions for repayment. Schedule J, Part I, Line 3 Compensation for the Cooperative's General Manager is set annually by the board of directors. This is discretionary based on performance to the extent it falls within the established range. This range is developed and reviewed periodically based on averages and compiled from both industry surveys and information obtained from comparable utilities. Form 990, Part VI, Section A, Line 6 As a cooperative, Lane Electric is owned by our member/owners. Form 990, Part VI, Section A, Line 7a As a Cooperative, Lane Electric is owned by our member/owners who exercise their control by electing a total of 7 board members by residential district. The 7 board members are elected from 4 board districts to each serve a 3 year term. Form 990, Part VI, Section A, Line 7b Pursuant to Lane Electric's governing documents, certain major decisions, such as the sale of the entity, requires member approval. Form 990, Part VI, Section B, Line 11b The Form 990, including its supplemental schedules, is reviewed annually during the board meeting in April. Form 990, Part VI, Section B, Line 12c Any potential conflicts of interest, including its nature and effects that may exist, shall be declared in advance by the individual in order to save him or herself any official action involving the conflict. Monitoring and identifying such situations is the responsibility of the individual, the president of the board, and the board as a whole. Monitoring and enforcement of compliance the Cooperative's General Manager. Annually, the Cooperative provides questionnaires to its board of directors, officers, key and highly compensated employees. This provides a means to disclose and obtain detailed information regarding the individual relationships that personnel may have with the Cooperative's affiliates that may give rise to a potential conflict of interest. Form 990, Part VI, Section B, Line 15 Compensation for the Cooperative's General Manager is set annually by the board of directors. This is discretionary based on performance to the extent that it falls within the established range. This range is developed and reviewed periodically based on averages and compiled from both industry surveys and information obtained from comparable utilities. Each such review is consistent in its inclusion of the relevant data. Compensation for managers and key employees is conducted int he same fashion. However, the decision is made by the Cooperative's General Manager. Form 990, Part VI, Section C, Line 19 The cooperative makes governing documents, policies and annual financial statements available to members of the Cooperative upon request. Form 990, Part XI, Line 9 Change in Memberships 29 Patronage Retired/Forfeited 109,435 Patronage Allocated , Benefits Paid to Members 1,483,190 Total to Form 990, Part XI Line 9 1,592,654