Nonprofit · EIN 46-0218629
LACREEK ELECTRIC ASSOCIATION INC
Tax-exempt · MARTIN, SD 57551
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $17,472,938 | $17,206,786 | $266,152 | $69,840,159 | $44,119,640 | $25,720,519 |
| December 31, 2024 | 990 | $16,940,794 | $16,502,243 | $438,551 | $68,233,950 | $42,703,910 | $25,530,040 |
| December 31, 2023 | 990 | $16,464,871 | $15,983,605 | $481,266 | $70,014,869 | $45,066,913 | $24,947,956 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $17,287,777
- Investment income
- $184,663
- Net income from sales of inventory
- $498
- Other revenue
- $498
Expenses
- Grants and similar amounts paid
- $5,000
- Benefits paid to members
- $730,661
- Compensation of officers, directors and key employees
- $467,147
- Other salaries and wages
- $2,164,479
- Salaries, compensation and benefits (total)
- $3,422,480
- Professional fundraising fees
- $0
- Depreciation
- $2,418,324
Balance sheet and other
- Total assets, start of year
- $68,233,950
- Total assets, end of year
- $69,840,159
- Total liabilities, end of year
- $44,119,640
- Net assets, end of year
- $25,720,519
- Land, buildings and equipment
- $51,757,935
- Gross receipts
- $17,501,907
- Employees
- 34
- Volunteers
- 0
- Year formed
- 1948
- 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 |
|---|---|---|---|---|
| JOSH FANNING | GENERAL MANAGER Officer | 40 | $161,417 | $80,428 |
| MICHAEL PISHA | LINE SUPERINTENDENT Highest-paid employee | 40 | $129,502 | $50,618 |
| JESSE BYERLEY | LINE FOREMAN Highest-paid employee | 40 | $116,029 | $56,108 |
| GARRETT LOVELL-METZINGER | JOURNEYMAN LINEMAN Highest-paid employee | 40 | $106,321 | $49,771 |
| KODY HAGEN | JOURNEYMAN LINEMAN Highest-paid employee | 40 | $117,103 | $34,197 |
| DAMON WANGERIN | JOURNEYMAN LINEMAN Highest-paid employee | 40 | $104,960 | $44,158 |
| KASI HARRIS | FINANCE MANAGER Officer | 40 | $88,474 | $54,051 |
| MARION SCHULTZ | BOARD MEMBER Trustee or director | 3 | $12,401 | $0 |
| THOMAS SCHLACK | TREASURER/BOARD MEMBER Trustee or director, Officer | 3 | $8,346 | $0 |
| TROY KUXHAUS | BOARD MEMBER/VICE PRESIDENT Trustee or director, Officer | 3 | $7,653 | $0 |
| WADE RISSE | PRESIDENT/BOARD MEMBER Trustee or director, Officer | 3 | $7,610 | $0 |
| BRENT IRELAND | VICE PRESIDENT/PRESIDENT Trustee or director, Officer | 3 | $7,249 | $0 |
| HADLEY LIVERMONT | BOARD MEMBER AS OF APR 2025 Trustee or director | 3 | $6,571 | $0 |
| CLARENCE ALLEN | BOARD MEMBER Trustee or director | 3 | $5,748 | $0 |
| CLIFFORD LAFFERTY | BOARD MEMBER Trustee or director | 3 | $5,056 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| COLE LANGE | BOARD MEMBER/SECRETARY Trustee or director, Officer | 3 | $5,027 |
| GERALD SHARP | BOARD MEMBER Trustee or director | 3 | $5,027 |
| CONNIE WHIRLWIND HORSE | BOARD MEMBER Trustee or director | 3 | $5,027 |
| SCOTT LARSON | SECRETARY/TREASURER Trustee or director, Officer | 3 | $3,800 |
| MICHEL MELVIN | BOARD MEMBER AS OF SEPT 2025 Trustee or director | 3 | $1,751 |
| NEAL LIVERMONT | BOARD MEMBER UNTIL APR 2025 Trustee or director | 3 | $1,083 |
| DONOVAN YOUNGMAN | BOARD MEMBER UNTIL MAR 2025 Trustee or director | 3 | $722 |
990 for the year ended December 31, 2024: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOSH FANNING | GENERAL MANAGER Officer | 40 | $143,785 | $76,582 |
| MICHAEL PISHA | LINE SUPERINTENDENT Highest-paid employee | 40 | $123,942 | $46,318 |
| JESSE BYERLEY | LINE FORMAN Highest-paid employee | 40 | $113,283 | $49,410 |
| AARON RISSE | JOURNEYMAN LINEMAN Highest-paid employee | 40 | $104,444 | $48,862 |
| GARRETT METZINGER | JOURNEYMAN LINEMAN Highest-paid employee | 40 | $104,675 | $45,058 |
| DAMON WANGERIN | JOURNEYMAN LINEMAN Highest-paid employee | 40 | $100,425 | $42,514 |
| KASI HARRIS | FINANCE MANAGER Officer | 40 | $81,143 | $48,497 |
| COLE LANGE | BOARD MEMBER Trustee or director | 3 | $8,411 | $0 |
| THOMAS SCHLACK | TREASURER Trustee or director, Officer | 3 | $6,950 | $0 |
| TROY KUXHAUS | BOARD MEMBER Trustee or director | 3 | $6,950 | $0 |
| GERALD SHARP | BOARD MEMBER Trustee or director | 3 | $6,950 | $0 |
| MARION SCHULTZ | BOARD MEMBER Trustee or director | 3 | $6,194 | $0 |
| WADE RISSE | PRESIDENT Trustee or director, Officer | 3 | $5,181 | $0 |
| DONOVAN YOUNGMAN | BOARD MEMBER Trustee or director | 3 | $5,146 | $0 |
| CLARENCE ALLEN | BOARD MEMBER Trustee or director | 3 | $4,820 | $0 |
| CONNIE WHIRLWIND HORSE | BOARD MEMBER Trustee or director | 3 | $4,820 | $0 |
| CLIFFORD LAFFERTY | BOARD MEMBER Trustee or director | 3 | $4,820 | $0 |
| NEAL LIVERMONT | BOARD MEMBER Trustee or director | 3 | $4,476 | $0 |
| SCOTT LARSON | SECRETARY Trustee or director, Officer | 3 | $4,133 | $0 |
| BRENT IRELAND | VICE PRESIDENT Trustee or director, Officer | 3 | $3,772 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOSH FANNING | GENERAL MANAGER Officer | 40 | $136,763 | $67,178 |
| MICHAEL PISHA | LINE SUPERINTENDENT Highest-paid employee | 40 | $111,261 | $44,403 |
| JESSE BYERLEY | LINE FORMAN Highest-paid employee | 40 | $101,238 | $48,932 |
| KASI HARRIS | FINANCE MANAGER Officer | 40 | $76,451 | $45,129 |
| MARION SCHULTZ | BOARD MEMBER Trustee or director | 3 | $10,875 | $0 |
| CLARENCE ALLEN | BOARD MEMBER Trustee or director | 3 | $8,548 | $0 |
| TROY KUXHAUS | BOARD MEMBER Trustee or director | 3 | $6,908 | $0 |
| WADE RISSE | PRESIDENT Trustee or director, Officer | 3 | $6,850 | $0 |
| THOMAS SCHLACK | TREASURER Trustee or director, Officer | 3 | $6,584 | $0 |
| GERALD SHARP | BOARD MEMBER Trustee or director | 3 | $6,177 | $0 |
| BRENT IRELAND | VICE PRESIDENT Trustee or director, Officer | 3 | $5,877 | $0 |
| COLE LANGE | BOARD MEMBER Trustee or director | 3 | $5,877 | $0 |
| DONOVAN YOUNGMAN | BOARD MEMBER Trustee or director | 3 | $5,229 | $0 |
| CLIFFORD LAFFERTY | BOARD MEMBER Trustee or director | 3 | $4,905 | $0 |
| SCOTT LARSON | SECRETARY Trustee or director, Officer | 3 | $4,561 | $0 |
| CONNIE WHIRLWIND HORSE | BOARD MEMBER Trustee or director | 3 | $4,257 | $0 |
| NEAL LIVERMONT | BOARD MEMBER Trustee or director | 3 | $3,589 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 220, MARTIN, SD 57551-0220
- Principal officer (990 for 2025)
- BRENT IRELAND, PO BOX 220, MARTIN, SD 57551
- Signed the 990
- BRENT IRELAND, PRESIDENT
- Phone
- (605) 685-6581
- Website
- WWW.LACREEK.COM
- Return prepared by
- EIDE BAILLY LLP
Mission
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.
Program accomplishments
- PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 4,313 MEMBERS ON 3,189 MILES OF 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
- 46-0218629
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1958
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $69,840,159
- Income (IRS master file)
- $17,501,907
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $17,472,938 | $17,206,786 | $69,840,159 | XML |
| 990 | December 2024 | $16,940,794 | $16,502,243 | $68,233,950 | IRS |
| 990 | December 2023 | $16,464,871 | $15,983,605 | $70,014,869 | XML |
| 990 | December 2022 | $16,981,465 | $16,686,972 | $67,477,972 | 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 46-0218629).
Questions about LACREEK ELECTRIC ASSOCIATION INC
- What is the EIN of LACREEK ELECTRIC ASSOCIATION INC?
- The employer identification number (EIN) of LACREEK ELECTRIC ASSOCIATION INC is 46-0218629.
- Is LACREEK ELECTRIC ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1958.
- Are donations to LACREEK ELECTRIC ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LACREEK 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 LACREEK 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 LACREEK 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 LACREEK ELECTRIC ASSOCIATION INC?
- The 990 for the year ended December 31, 2025 names BRENT IRELAND.
- Who are the officers and directors of LACREEK ELECTRIC ASSOCIATION INC?
- The 990 for the year ended December 31, 2025 lists 22 people; 22 received compensation from the organization, the highest $161,417 (JOSH FANNING, GENERAL MANAGER).
- How much revenue does LACREEK ELECTRIC ASSOCIATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $17,472,938, expenses of $17,206,786 and total assets of $69,840,159 at year end.
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