Compensation 990

Lake Region Electric Cooperative

Fiscal year ending 2020. Filed on October 5, 2021.

PO Box 643
Pelican Rapids, Minnesota 56572

Lake Region Electric Cooperative (EIN: 41-0363020) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2020 IRS Form 990 filing, Lake Region Electric Cooperative, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 6 out of 88 total employees. Among the employees shown here, the average compensation is $246,769. The highest compensated employee at Lake Region Electric Cooperative is Tim Thompson with fiscal year 2020 compensation of $450,797.

Revenue, expenses, and employee compensation

Revenue

$56,807,518

Expenses

$53,918,082

Employee compensation

$8,208,345
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Non-Employee Board Members

＋26.5%vs 2019
Thomas Jennen
Chair
$14,120
$14,120 from orgNo related compNo other comp
New in 2020
Michael Brasel
Director
$12,600
$12,600 from orgNo related compNo other comp
＋10.5%vs 2019
Sid Wisness
Vice Chair
$11,620
$11,620 from orgNo related compNo other comp
－7.2%vs 2019
Earl Rydell
Director
$11,340
$11,340 from orgNo related compNo other comp
＋1.3%vs 2019
Robert Shaw
Treasurer
$11,300
$11,300 from orgNo related compNo other comp
－1.4%vs 2019
Joyce Valley
Secretary
$11,140
$11,140 from orgNo related compNo other comp
－13.1%vs 2019
Dennis Tollefson
Vice Chair and Director
$10,240
$10,240 from orgNo related compNo other comp
－46.1%vs 2019
Charles Kvare
Chair (Part-Year)
$8,994
$8,994 from orgNo related compNo other comp
New in 2020
Patrick Meyers
Director
$8,980
$8,980 from orgNo related compNo other comp
New in 2020
Cecil Hensel
Director
$7,140
$7,140 from orgNo related compNo other comp
－58.3%vs 2019
Dennis Mathiason
Director (Part-Year)
$4,460
$4,460 from orgNo related compNo other comp

Mission Statement

TO PROVIDE OUR MEMBERS WITH SAFE, RELIABLE, AFFORDABLE ELECTRICITY, AND LEAD BY OFFERING INNOVATIVE ENERGY SERVICES TO GROW THE COOPERATIVE.

Revisions to this organization profile

September 30, 2025:
2024 Lake Region Electric Cooperative 990 filed
October 3, 2024:
2023 Lake Region Electric Cooperative 990 filed
September 15, 2023:
2022 Lake Region Electric Cooperative 990 filed

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