2026-06-25T10:30:03-05:00 2025-12-31 450250958 EIDE BAILLY LLP 345 N REID PL STE 400 SIOUX FALLS SD 571037034 990 2025-01-01 460218629 LACREEK ELECTRIC ASSOCIATION INC LACR 6056856581 PO BOX 220 MARTIN SD 57551 BRENT IRELAND PRESIDENT 6056856581 2026-06-24 1 LAURIE HANSON CPA P00851848 6053391999 2026-06-24 2025 2025-03-06 01:10:19Z BRENT IRELAND PO BOX 220 MARTIN SD 57551 17501907 0 X WWW.LACREEK.COM X 1948 SD TO PROVIDE ELECTRIC SERVICE TO MEMBERS. 13 11 34 0 0 0 0 0 16600796 17287777 327567 184663 12431 498 16940794 17472938 5000 5000 1196719 730661 3321300 3422480 0 0 0 11979224 13048645 16502243 17206786 438551 266152 68233950 69840159 42703910 44119640 25530040 25720519 TO PROVIDE OUR SERVICE TERRITORY WITH SAFE AND RELIABLE SERVICE AT THE LOWEST POSSIBLE COST, WHILE ADVANCING THE QUALITY OF LIFE BY STAYING ABREAST OF THE LATEST TECHNOLOGY AVAILABLE IN OUR INDUSTRY. 0 0 PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 4,313 MEMBERS ON 3,189 MILES OF LINE. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 1 1 1 0 1 200 0 1 34 1 0 0 0 0 0 0 0 18410345 605928 0 0 0 X 13 11 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 0 X JOSH FANNING 6056856581 PO BOX 220 MARTIN SD 57551 X BRENT IRELAND VICE PRESIDENT/PRESIDENT 3.00 X X 7249 0 0 TROY KUXHAUS BOARD MEMBER/VICE PRESIDENT 3.00 X X 7653 0 0 COLE LANGE BOARD MEMBER/SECRETARY 3.00 X X 5027 0 0 SCOTT LARSON SECRETARY/TREASURER 3.00 X X 3800 0 0 CLARENCE ALLEN BOARD MEMBER 3.00 X 5748 0 0 CLIFFORD LAFFERTY BOARD MEMBER 3.00 X 5056 0 0 HADLEY LIVERMONT BOARD MEMBER AS OF APR 2025 3.00 X 6571 0 0 MICHEL MELVIN BOARD MEMBER AS OF SEPT 2025 3.00 X 1751 0 0 WADE RISSE PRESIDENT/BOARD MEMBER 3.00 X X 7610 0 0 THOMAS SCHLACK TREASURER/BOARD MEMBER 3.00 X X 8346 0 0 MARION SCHULTZ BOARD MEMBER 3.00 X 12401 0 0 GERALD SHARP BOARD MEMBER 3.00 X 5027 0 0 CONNIE WHIRLWIND HORSE BOARD MEMBER 3.00 X 5027 0 0 NEAL LIVERMONT BOARD MEMBER UNTIL APR 2025 3.00 X 1083 0 0 DONOVAN YOUNGMAN BOARD MEMBER UNTIL MAR 2025 3.00 X 722 0 0 JOSH FANNING GENERAL MANAGER 40.00 X 161417 0 80428 KASI HARRIS FINANCE MANAGER 40.00 X 88474 0 54051 MICHAEL PISHA LINE SUPERINTENDENT 40.00 X 129502 0 50618 JESSE BYERLEY LINE FOREMAN 40.00 X 116029 0 56108 KODY HAGEN JOURNEYMAN LINEMAN 40.00 X 117103 0 34197 GARRETT LOVELL-METZINGER JOURNEYMAN LINEMAN 40.00 X 106321 0 49771 DAMON WANGERIN JOURNEYMAN LINEMAN 40.00 X 104960 0 44158 906877 0 369331 9 0 1 0 LARSON DIGGING INC 601 LINCOLN AVE NW HURON SD 57350 CONTRACTOR 371927 FRIEST TREES EXPERTS LLC 47854 273RD ST HARRISBURG SD 57032 CONTRACTOR 129792 RUSHMORE ELECTRIC POWER PO BOX 2414 RAPID CITY SD 57709 ENGINEERING 127829 EXO GROUP LLC 1735 HUGHS LANDING BLVD SUITE 3B THE WOODLANDS TX 77380 CONTRACTOR 114737 4 SALE OF ELECTRICITY 221000 16151409 16151409 OTHER REVENUE 221000 570041 570041 COOP CAPITAL CREDITS 221000 566327 566327 17287777 184663 184663 29467 28969 498 498 17472938 17288275 0 184663 5000 730661 467147 236972 2164479 356020 197862 1151986 2418324 COST OF POWER 8511241 ADMIN & GENERAL 1400028 DISTRIBUTION-MAINTENANC 1146807 CONSUMER ACCOUNTS 550999 -2130740 17206786 1745013 3269306 1554569 1799079 3531092 2611695 833729 704244 86252750 34494815 51029194 51757935 651201 663045 8889152 9034855 68233950 69840159 1443937 1546330 39945030 41352961 1314943 1220349 42703910 44119640 X 0 0 0 0 25530040 25720519 25530040 25720519 68233950 69840159 X 266152 -75673 X X 0 1 X 1 0 162158 162158 1318180 810913 507267 4120507 3163529 956978 80651905 30520373 50131532 51757935 RUSHMORE ELECTRIC POWER COOPERATIVE, INC. 8171956 C NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION 483025 C RURAL ELECTRIC SUPPLY COOPERATIVE 165444 C FEDERATED RURAL ELECTRIC INSURANCE CORPORATION 213320 C MEMBERSHIP AND OTHER 1110 C 9034855 CUSTOMER DEPOSITS 460945 DEFERRED CREDITS 759404 1220349 X 17472938 0 17472938 0 17472938 16476125 0 16476125 730661 730661 17206786 PART X, LINE 2: THE ASSOCIATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE, EXCEPT TO THE EXTENT OF UNRELATED BUSINESS INCOME, IF ANY. THE ASSOCIATION ADOPTED FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10, RELATING TO ACCOUNTING FOR UNCERTAIN TAX POSITIONS. AS OF DECEMBER 31, 2025 AND 2024, THE ASSOCIATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS. THE ASSOCIATION FILES AN EXEMPT ORGANIZATION AND UNRELATED BUSINESS INCOME TAX RETURN IN THE U.S. FEDERAL JURISDICTION. PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF 2025 MARGINS 730,661. X X 0 0 0 JOSH FANNING GENERAL MANAGER 159971 0 271 0 1175 0 44620 0 38402 0 244439 0 0 0 MICHAEL PISHA LINE SUPERINTENDENT 124278 0 271 0 4953 0 34222 0 18700 0 182424 0 0 0 JESSE BYERLEY LINE FOREMAN 115414 0 271 0 344 0 24258 0 33750 0 174037 0 0 0 GARRETT LOVELL-METZINGER JOURNEYMAN LINEMAN 105818 0 271 0 232 0 18045 0 33481 0 157847 0 0 0 KODY HAGEN JOURNEYMAN LINEMAN 116660 0 271 0 172 0 8114 0 27834 0 153051 0 0 0 DAMON WANGERIN JOURNEYMAN LINEMAN 104446 0 271 0 243 0 14782 0 31143 0 150885 0 0 0 SCHEDULE J, PART II, COLUMN (C) INCLUDED IN PART II, COLUMN (C) IS THE CHANGE IN ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN : MICHAEL PISHA $27,893 JESSE BYERLEY $18,974 JOSH FANNING $36,708 KODY HAGEN $3,311 GARRETT METZINGER $13,241 DAMON WANGERIN $11,204 THE COOPERATIVE'S ACTUAL EXPENSE FOR PARTICIPATION IN THIS PLAN IN 2025 WAS: MICHAEL PISHA $21,022 JESSE BYERLEY $19,585 JOSH FANNING $29,419 KODY HAGEN $17,804 GARRETT METZINGER $17,804 DAMON WANGERIN $17,804 TERRI GREGG EMPLOYEE; DAUGHTER OF DIRECTOR CLARENCE ALLEN 122257 EMPLOYEE COMPENSATION 0 CODY LARSON EMPLOYEE; SON OF DIRECTOR SCOTT LARSON 114714 EMPLOYEE COMPENSATION 0 FORM 990, PART VI, SECTION A, LINE 6 EACH MEMBER HOLDS ONE MEMBERSHIP AND HAS ONE VOTE. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER IS ALLOWED ONE VOTE. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS VOTE ON BYLAWS OF THE COOPERATIVE AND THE DIRECTORS OF THE COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS GIVEN TO EACH BOARD MEMBER FOR THEIR REVIEW. COMMENTS AND QUESTIONS ARE DISCUSSED AND ACTED ON, IF NECESSARY, PRIOR TO FILING OF THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS ALL EMPLOYEES AND BOARD MEMBERS. THE GENERAL MANAGER DETERMINES IF A CONFLICT EXISTS WITH AN EMPLOYEE. THE BOARD PRESIDENT AND/OR ATTORNEY DETERMINES IF A CONFLICT EXISTS WITH THE GENERAL MANAGER OR BOARD MEMBERS. THE FULL BOARD IS RESPONSIBLE FOR REVIEWING ACTUAL CONFLICTS. IF A CONFLICT ARISES WITH A BOARD MEMBER, THE BOARD MEMBER WOULD BE REQUIRED TO ABSTAIN FROM DISCUSSION AND VOTING IN THE MATTER. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE GENERAL MANAGER IS DETERMINED BY THE COMPENSATION COMMITTEE WITH APPROVAL FROM THE BOARD OF DIRECTORS. COMPARISON OF COMPENSATION OF OTHER INDIVIDUALS IN THE SAME FIELD WITH THE SAME LEVEL OF SERVICE ARE USED. ALSO THE COST OF LIVING IS CONSIDERED. THIS PROCESS IS COMPLETED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 IN WRITTEN FORM, UPON REQUEST. FORM 990, PART VII, COLUMN F, OTHER COMPENSATION: INCLUDED IN OTHER COMPENSATION IS THE ESTIMATED CURRENT YEAR INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR THE GENERAL MANAGER AND THE FINANCE AND BENEFITS MANAGER. THE CURRENT YEAR INCREASE OR DECREASE DOES NOT REPRESENT CURRENT YEAR CONTRIBUTIONS TO THE PLAN. RATHER, IT IS AN ESTIMATE OF THE INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE PLAN AS CALCULATED BY THE PLAN ADMINISTRATOR. FORM 990, PART XI, LINE 9: CAPITAL CREDIT RETIRMENTS -806,334. ALLOCATION OF 2025 MARGINS 730,661. FORM 990, PART XII, LINE 2C THE BOARD OF DIRECTORS IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. FORM 990, PART IX, LINE 4 STATEMENT OF FUNCTIONAL EXPENSES: 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 BYLAWS OF THE COOPERATIVE. FORM 990, PART IX, LINE 24E, STATEMENT OF FUNCTIONAL EXPENSES: THE LABOR, PENSION AND PAYROLL TAXES REPORTED ON LINES 6-10 ARE INCLUDED IN DISTRIBUTION EXPENSE, ADMINISTRATIVE & GENERAL EXPENSE AND CUSTOMER EXPENSE. THEREFORE, LABOR, PENSION AND PAYROLL TAXES ARE SHOWN AS A REDUCTION TO OTHER EXPENSES ON LINE 24E. LACREEK ELECTRIC YOUTH AND COMMUNITY SUPPORT INC 121 N HAROLD ST MARTIN SD 57551 872388312 PROVIDE SUPPORT TO YOUTH AND COMMUNITY SD 501(C)(3) LINE 7 LACREEK ELECTRIC ASSOCIATION INC 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0