Nonprofit · EIN 46-0156581
LAKE REGION ELECTRIC ASSOCIATION INC
Tax-exempt · WEBSTER, SD 57274
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $20,491,287 | $20,349,970 | $141,317 | $56,134,138 | $35,236,714 | $20,897,424 |
| December 31, 2024 | 990 | $21,153,524 | $20,960,091 | $193,433 | $53,701,411 | $33,651,499 | $20,049,912 |
| December 31, 2023 | 990 | $19,878,233 | $19,703,998 | $174,235 | $49,986,705 | $30,526,025 | $19,460,680 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $20,459,270
- Investment income
- $87,891
- Net gain from sales of assets
- $732
- Net income from sales of inventory
- -$55,874
- Other revenue
- -$55,874
Expenses
- Grants and similar amounts paid
- $27,896
- Benefits paid to members
- $1,284,284
- Compensation of officers, directors and key employees
- $288,072
- Other salaries and wages
- $1,899,894
- Salaries, compensation and benefits (total)
- $2,877,460
- Professional fundraising fees
- $0
- Depreciation
- $1,331,381
Balance sheet and other
- Total assets, start of year
- $53,701,411
- Total assets, end of year
- $56,134,138
- Total liabilities, end of year
- $35,236,714
- Net assets, end of year
- $20,897,424
- Land, buildings and equipment
- $37,428,731
- Gross receipts
- $21,235,138
- Employees
- 24
- Volunteers
- 0
- Year formed
- 1941
- State of legal domicile
- SD
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 |
|---|---|---|---|---|
| JEREMY T LINDEMANN | GENERAL MANAGER/CEO Officer | 40 | $162,474 | $144,029 |
| DONNA SATTLER | DIRECTOR OF FINANCE/OFFICE Highest-paid employee | 40 | $114,830 | $115,511 |
| DANIEL WILLIAMS | LINE FOREMAN Highest-paid employee | 40 | $107,463 | $90,418 |
| TIMOTHY GAIKOWSKI | MANAGER OF TECHNOLOGY SERV Highest-paid employee | 40 | $115,720 | $72,031 |
| BRETT KWASNIEWSKI | MANAGER OF MEMBER SERVICES Highest-paid employee | 40 | $115,838 | $56,927 |
| JAMES GRIMES | MANAGER OF OPERATIONS - LEFT 08/25 Highest-paid employee | 40 | $147,023 | $19,469 |
| CODY PASZEK | DIRECTOR Trustee or director | 8 | $8,400 | $0 |
| RODNEY TOBIN | VICE PRESIDENT Trustee or director, Officer | 8 | $6,900 | $0 |
| THOMAS LEE STEINER | SECRETARY Trustee or director, Officer | 8 | $6,600 | $0 |
| AMY KUECKER | DIRECTOR Trustee or director | 8 | $6,600 | $0 |
| MARK WISMER | DIRECTOR Trustee or director | 8 | $6,000 | $0 |
| ANDREA KILKER | TREASURER Trustee or director, Officer | 8 | $5,700 | $0 |
| KERMIT PEARSON | PRESIDENT Trustee or director, Officer | 10 | $3,900 | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DONNA SATTLER | DIRECTOR OF FINANCE/OFFICE MANAGER Highest-paid employee | 40 | $105,986 | $101,913 |
| TIMOTHY MCINTYRE | GENERAL MANAGER/CEO - LEFT 9/2024 Officer | 40 | $149,525 | $27,818 |
| TIMOTHY GAIKOWSKI | MANAGER OF TECHNOLOGY SERVICES Highest-paid employee | 40 | $110,724 | $59,962 |
| BRETT KWASNIEWSKI | MANAGER OF MEMBER SERVICES Highest-paid employee | 40 | $109,160 | $46,432 |
| JAMES GRIMES | MANAGER OF OPERATIONS Highest-paid employee | 40 | $113,506 | $35,757 |
| JEREMY T LINDEMANN | GENERAL MANAGER/CEO - JOINED 9/2024 Officer | 40 | $47,688 | $27,534 |
| RODNEY TOBIN | VICE PRESIDENT Trustee or director, Officer | 8 | $9,958 | $0 |
| CODY PASZEK | DIRECTOR Trustee or director | 8 | $8,400 | $0 |
| THOMAS LEE STEINER | SECRETARY Trustee or director, Officer | 8 | $8,100 | $0 |
| AMY KUECKER | DIRECTOR Trustee or director | 8 | $7,200 | $0 |
| ANDREA KILKER | TREASURER Trustee or director, Officer | 8 | $6,600 | $0 |
| MARK WISMER | DIRECTOR Trustee or director | 8 | $6,600 | $0 |
| KERMIT PEARSON | PRESIDENT Trustee or director, Officer | 10 | $4,500 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TIM MCINTYRE | GENERAL MANAGER Officer | 40 | $171,442 | $36,415 |
| JAMES GRIMES | MANAGER OF OPERATIONS Highest-paid employee | 40 | $102,090 | $90,702 |
| BRETT KWASNIEWSKI | MANAGER OF MEMBER SERVICES Highest-paid employee | 40 | $100,760 | $40,393 |
| AMY KUECKER | DIRECTOR Trustee or director | 8 | $9,300 | $0 |
| CODY PASZEK | DIRECTOR Trustee or director | 8 | $9,000 | $0 |
| RODNEY TOBIN | VICE PRESIDENT Trustee or director, Officer | 8 | $7,800 | $0 |
| THOMAS STEINER | SECRETARY Trustee or director, Officer | 8 | $6,600 | $0 |
| MARK WISMER | DIRECTOR Trustee or director | 8 | $6,000 | $0 |
| ANDREA KILKER | TREASURER Trustee or director, Officer | 8 | $6,000 | $0 |
| KERMIT PEARSON | PRESIDENT Trustee or director, Officer | 10 | $4,200 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 341, WEBSTER, SD 57274-0341
- Principal officer (990 for 2025)
- JEREMY T LINDEMANN, PO BOX 341, WEBSTER, SD 572740341
- Signed the 990
- JEREMY T LINDEMANN, GENERAL MANAGER/CEO
- Phone
- (605) 345-3379
- Website
- HTTP://WWW.LAKEREGION.COOP
- Return prepared by
- EIDE BAILLY LLP
Mission
TO PROVIDE THE HIGHEST QUALITY OF SERVICES AND PRODUCTS TO ITS MEMBERS WHILE MAINTAINING COMPETITIVE RATES.
Program accomplishments
- PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 2,606 MEMBERS ALONG 1,673 MILES OF ELECTRIC LINE.
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
- 46-0156581
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1965
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $56,134,138
- Income (IRS master file)
- $21,235,138
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $20,491,287 | $20,349,970 | $56,134,138 | XML |
| 990 | December 2024 | $21,153,524 | $20,960,091 | $53,701,411 | XML |
| 990 | December 2023 | $19,878,233 | $19,703,998 | $49,986,705 | XML |
| 990 | December 2022 | $19,790,370 | $19,719,627 | $46,911,496 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 46-0156581).
Questions about LAKE REGION ELECTRIC ASSOCIATION INC
- What is the EIN of LAKE REGION ELECTRIC ASSOCIATION INC?
- The employer identification number (EIN) of LAKE REGION ELECTRIC ASSOCIATION INC is 46-0156581.
- Is LAKE REGION ELECTRIC ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1965.
- Are donations to LAKE REGION ELECTRIC ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LAKE REGION ELECTRIC ASSOCIATION INC 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 REGION ELECTRIC ASSOCIATION INC 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 REGION ELECTRIC ASSOCIATION INC 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 REGION ELECTRIC ASSOCIATION INC?
- The 990 for the year ended December 31, 2025 names JEREMY T LINDEMANN.
- Who are the officers and directors of LAKE REGION ELECTRIC ASSOCIATION INC?
- The 990 for the year ended December 31, 2025 lists 13 people; 13 received compensation from the organization, the highest $162,474 (JEREMY T LINDEMANN, GENERAL MANAGER/CEO).
- How much revenue does LAKE REGION ELECTRIC ASSOCIATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $20,491,287, expenses of $20,349,970 and total assets of $56,134,138 at year end.
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