Nonprofit · EIN 41-1857633
LAKE COUNTRY POWER
Tax-exempt · COHASSET, MN 55721
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $125,678,377 | $125,678,377 | $0 | $433,822,248 | $282,869,099 | $150,953,149 |
| December 31, 2024 | 990 | $114,805,874 | $114,805,874 | $0 | $412,383,625 | $270,687,070 | $141,696,555 |
| December 31, 2023 | 990 | $110,408,177 | $110,408,177 | $0 | $393,961,504 | $259,880,223 | $134,081,281 |
| December 31, 2021 | 990 | $99,712,243 | $99,742,340 | -$30,097 | $360,562,297 | $243,786,163 | $116,776,134 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $118,566,803
- Investment income
- $300,758
- Net gain from sales of assets
- -$34,544
- Net income from sales of inventory
- -$75,001
- Other revenue
- $6,810,816
Expenses
- Grants and similar amounts paid
- $46,660
- Benefits paid to members
- $12,365,736
- Compensation of officers, directors and key employees
- $1,250,712
- Salaries, compensation and benefits (total)
- $1,250,712
- Professional fundraising fees
- $0
- Legal fees
- $18,607
- Depreciation
- $12,566,642
Balance sheet and other
- Total assets, start of year
- $412,383,625
- Total assets, end of year
- $433,822,248
- Total liabilities, end of year
- $282,869,099
- Net assets, end of year
- $150,953,149
- Land, buildings and equipment
- $328,956,622
- Gross receipts
- $126,397,157
- Employees
- 150
- Volunteers
- 0
- Year formed
- 1996
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARK BAKK | GENERAL MANAGER Officer | 50 | $391,334 | $107,311 |
| DEREK HOWE | CHIEF OPERATING OFFICER Officer | 50 | $258,770 | $92,232 |
| TRACY PETERSON WIRTANEN | CHIEF FINANCIAL OFFICER Officer | 50 | $238,250 | $61,094 |
| WILLIAM BUSSEY | DIRECTOR OF SAFETY & RISK Highest-paid employee | 50 | $205,558 | $91,261 |
| REBECCA SEELEY | HUMAN RESOURCES DIRECTOR Highest-paid employee | 50 | $191,822 | $86,259 |
| WADE GOULD | AREA SUPERVISOR Highest-paid employee | 50 | $168,891 | $62,215 |
| CRAIG SISTAD | CREW CHIEF Highest-paid employee | 50.35 | $169,536 | $38,809 |
| JEFF THIEL | CREW CHIEF Highest-paid employee | 51.25 | $180,436 | $26,878 |
| BRIAN NAPSTAD | DIRECTOR Trustee or director | 6.37 | $16,500 | $0 |
| CRAIG OLSON | PRESIDENT Trustee or director | 7.87 | $15,900 | $0 |
| LARRY ANDERSON | DIRECTOR Trustee or director | 8.6 | $14,700 | $0 |
| MICHAEL FORSMAN | SECRETARY Trustee or director | 7.13 | $14,400 | $0 |
| JEFF SHELDON | TREASURER Trustee or director | 10.85 | $14,100 | $0 |
| STEVE RAUKAR | DIRECTOR Trustee or director | 10.15 | $13,800 | $0 |
| DANIEL KINGSLEY | VICE PRESIDENT Trustee or director | 6.71 | $13,250 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT BRUCKBAUER | DIRECTOR Trustee or director | 11.75 | $12,600 |
| JASON LONG | DIRECTOR Trustee or director | 4.46 | $12,300 |
990 for the year ended December 31, 2024: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARK BAKK | GENERAL MANAGER Officer | 50 | $376,400 | $84,354 |
| DEREK HOWE | CHIEF OPERATING OFFICER Officer | 50 | $245,232 | $89,578 |
| WILLIAM BUSSEY | DIRECTOR OF SAFETY & RISK MANAGEMENT Highest-paid employee | 50 | $201,906 | $76,592 |
| TRACY PETERSON WIRTANEN | CHIEF FINANCIAL OFFICER Officer | 50 | $221,322 | $46,416 |
| REBECCA SEELEY | HUMAN RESOURCES DIRECTOR Highest-paid employee | 50 | $175,839 | $77,730 |
| WADE GOULD | AREA SUPERVISOR Highest-paid employee | 50 | $162,779 | $56,818 |
| CRAIG SISTAD | CREW CHIEF Highest-paid employee | 50.01 | $158,343 | $36,113 |
| JEFF THIEL | CREW CHIEF Highest-paid employee | 51.8 | $166,176 | $25,318 |
| BRIAN NAPSTAD | DIRECTOR Trustee or director | 7.13 | $18,350 | $0 |
| CRAIG OLSON | PRESIDENT Trustee or director | 9.56 | $18,000 | $0 |
| DANIEL KINGSLEY | VICE PRESIDENT Trustee or director | 7.17 | $15,650 | $0 |
| MICHAEL FORSMAN | SECRETARY Trustee or director | 9.46 | $15,600 | $0 |
| JASON LONG | DIRECTOR Trustee or director | 7.58 | $15,500 | $0 |
| LARRY ANDERSON | DIRECTOR Trustee or director | 9.27 | $15,350 | $0 |
| JEFF SHELDON | TREASURER Trustee or director | 8.47 | $14,600 | $0 |
| STEVE RAUKAR | DIRECTOR Trustee or director | 9.17 | $13,800 | $0 |
| ROBERT BRUCKBAUER | DIRECTOR Trustee or director | 7.92 | $11,100 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARK BAKK | GENERAL MANAGER Officer | 50 | $337,315 | $79,207 |
| DEREK HOWE | CHIEF OPERATING OFFICER Officer | 50 | $236,308 | $82,246 |
| WILLIAM BUSSEY | DIRECTOR OF SAFETY & RISK MANAGEMENT Highest-paid employee | 50 | $191,960 | $72,896 |
| TRACY PETERSON WIRTANEN | CHIEF FINANCIAL OFFICER Officer | 50 | $209,396 | $40,379 |
| REBECCA SEELEY | HUMAN RESOURCES DIRECTOR Highest-paid employee | 50 | $166,654 | $76,874 |
| WADE GOULD | AREA SUPERVISOR Highest-paid employee | 50 | $156,879 | $54,110 |
| JEFF THIEL | CREW CHIEF Highest-paid employee | 53.29 | $171,726 | $23,687 |
| ZACHARY DIIORIO | CREW CHIEF Highest-paid employee | 48.77 | $149,054 | $31,712 |
| CRAIG OLSON | PRESIDENT Trustee or director | 9.65 | $18,000 | $0 |
| LARRY ANDERSON | DIRECTOR Trustee or director | 8.84 | $16,200 | $0 |
| DANIEL KINGSLEY | VICE PRESIDENT Trustee or director | 8.01 | $14,400 | $0 |
| MICHAEL FORSMAN | SECRETARY Trustee or director | 9.1 | $14,400 | $0 |
| STEVE RAUKAR | DIRECTOR Trustee or director | 8.93 | $12,900 | $0 |
| JASON LONG | TREASURER Trustee or director | 7.06 | $12,900 | $0 |
| BRIAN NAPSTAD | DIRECTOR Trustee or director | 8.1 | $12,883 | $0 |
| ROBERT BRUCKBAUER | DIRECTOR Trustee or director | 8.35 | $11,100 | $0 |
| JEFF SHELDON | DIRECTOR Trustee or director | 9.92 | $9,883 | $0 |
990 for the year ended December 31, 2021: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARK BAKK | GENERAL MANAGER Officer | 50 | $302,638 | $72,638 |
| DEREK HOWE | CHIEF OPERATING OFFICER Officer | 50 | $221,879 | $105,051 |
| GREGORY RANDA | GENERAL MANAGER - RETIRED Officer | 50 | $305,316 | $1,749 |
| WILLIAM BUSSEY | DIRECTOR OF SAFETY & RISK Highest-paid employee | 50 | $179,317 | $90,428 |
| REBECCA SEELEY | HUMAN RESOURCES DIRECTOR Highest-paid employee | 50 | $155,171 | $105,402 |
| TRACY PETERSON WIRTANEN | CHIEF FINANCIAL OFFICER Officer | 50 | $184,037 | $37,319 |
| CRAIG SISTAD | CREW CHIEF Highest-paid employee | 51.19 | $149,814 | $32,195 |
| WILLIAM KOSCHAK | CREW CHIEF Highest-paid employee | 50 | $147,219 | $17,832 |
| TODD JOHNSON | MANAGER OF ENERGY SERVICES & BUSINESS DEV Highest-paid employee | 50 | $147,640 | $10,276 |
| JASON LONG | TREASURER Trustee or director | 5.19 | $16,950 | $0 |
| CRAIG CARLSON | DIRECTOR Trustee or director | 2.88 | $15,750 | $0 |
| CRAIG OLSON | PRESIDENT Trustee or director | 8.38 | $15,600 | $0 |
| DANIEL KINGSLEY | VICE PRESIDENT Trustee or director | 7.79 | $15,600 | $0 |
| MICHAEL FORSMAN | SECRETARY Trustee or director | 10.34 | $15,450 | $0 |
| JAMES HUHTA | DIRECTOR Trustee or director | 8.83 | $14,700 | $0 |
| LARRY ANDERSON | DIRECTOR Trustee or director | 8.18 | $12,300 | $0 |
| STEVE RAUKAR | DIRECTOR Trustee or director | 11.51 | $12,100 | $0 |
| ROBERT BRUCKBAUER | DIRECTOR Trustee or director | 9.12 | $11,400 | $0 |
| SHERMAN LIIMATAINEN | DIRECTOR Trustee or director | 2.96 | $3,750 | $0 |
Address and contacts
- Address (IRS master file)
- 26039 BEAR RIDGE DR, COHASSET, MN 55721-0029
- Principal officer (990 for 2025)
- MARK BAKK, 26039 BEAR RIDGE DRIVE, COHASSET, MN 55721
- Signed the 990
- MARK BAKK, GENERAL MANAGER
- Phone
- (218) 742-5751
- Website
- WWW.LAKECOUNTRYPOWER.COOP
- Return prepared by
- BRADY MARTZ PLLC
Mission
TO ENHANCE OUR COMMUNITIES BY PROVIDING SAFE, RELIABLE, AND AFFORDABLE ENERGY SERVICES TO OUR MEMBERS.
Program accomplishments
- PROVISION OF ELECTRICITY AND OTHER SERVICES TO THE COOPERATIVE'S 44,489 MEMBERS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 41-1857633
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1998
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $433,822,248
- Income (IRS master file)
- $126,397,157
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $125,678,377 | $125,678,377 | $433,822,248 | XML |
| 990 | December 2024 | $114,805,874 | $114,805,874 | $412,383,625 | XML |
| 990 | December 2023 | $110,408,177 | $110,408,177 | $393,961,504 | XML |
| 990 | December 2022 | $110,864,875 | $110,871,573 | $369,734,330 | IRS |
| 990 | December 2021 | $99,712,243 | $99,742,340 | $360,562,297 | XML |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-1857633).
Questions about LAKE COUNTRY POWER
- What is the EIN of LAKE COUNTRY POWER?
- The employer identification number (EIN) of LAKE COUNTRY POWER is 41-1857633.
- Is LAKE COUNTRY POWER tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1998.
- Are donations to LAKE COUNTRY POWER tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LAKE COUNTRY POWER file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LAKE COUNTRY POWER due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAKE COUNTRY POWER last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of LAKE COUNTRY POWER?
- The 990 for the year ended December 31, 2025 names MARK BAKK.
- Who are the officers and directors of LAKE COUNTRY POWER?
- The 990 for the year ended December 31, 2025 lists 17 people; 17 received compensation from the organization, the highest $391,334 (MARK BAKK, GENERAL MANAGER).
- How much revenue does LAKE COUNTRY POWER have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $125,678,377, expenses of $125,678,377 and total assets of $433,822,248 at year end.
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- COHASSET FIREFIGHTERS RELIEF ASSOCIATION EIN 41-6036654 · last filed 990 for 2025
- COHASSET PARENT TEACHER COROPRATION EIN 41-1771531 · last filed 990-N for 2025
- LETS GO FISHING EIN 82-4622660 · last filed 990-N for 2025
- SISEEBAKWET LAKE ASSOCIATION EIN 41-1471948 · last filed 990-N for 2024
- COHASSET FIRE HOOK AND LADDER EIN 33-1007770 · last filed 990-N for 2025
- AMERICAN FEDERATION OF STATE COUNTY & MUNICIPAL EMPLOYEES EIN 41-1296185 · last filed 990-N for 2025