Lake Country Power
To enhance our communities by providing safe, reliable, and affordable energy services to our members.
Lake Country Power at a glance
In short: Lake Country Power gave $9K across 1 grant in 2025 (avg $9K), mostly in Minnesota. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $8,500
- -33.3% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $8,500
- -33.3% vs 2024
- Median grant
- $8,500
- Total assets
- $433,822,248
- +5.2% vs 2024
- Primary geography
- Minnesota (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
How to apply to Lake Country Power
- Next open deadline
- November 15, 2026 (Cooperative Heroes Award)
Open Grants
5 open opportunities from Lake Country Power
Community and Technical College Scholarship
Lake Country Power
Amount
$1,000
Deadline
Deadline not published
Cooperative Heroes Award
Lake Country Power
Amount
First place: $1,000; Second place: $500; Third place: $500
Deadline
Expected ~November
Based on past cycles
Education Improvement Program Grant
Lake Country Power
Amount
Varies
Deadline
Deadline not published
Who Lake Country Power funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Better in Our Back Yard ($9K).
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 4 grants of 4 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Lake Country Power gives
- Giving held roughly steady from 2022 to 2025 (−15%). Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $6K (2023) to $28K (2021). In 2025 it made 1 grant totaling $9K.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Better in Our Back Yard Duluth, MN | Membership and Gold Sponsorship Winter Dinner | $8,500 |
Ready to take the next step with Lake Country Power?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $433,822,248 | $125,678,377 | $125,678,377 | $8,500 | 1 | $300,758 |
| 2024 | $412,383,625 | $114,805,874 | $114,805,874 | $12,750 | 1 | $491,532 |
| 2023 | $393,961,504 | $110,408,177 | $110,408,177 | $6,100 | 1 | $184,232 |
| 2022 | $369,734,330 | $110,864,875 | $110,871,573 | $10,000 | 1 | $74,375 |
| 2021 | $360,562,297 | $99,712,243 | $99,742,340 | $27,816 | Total only | $230,037 |
| 2020 | $343,138,601 | $92,478,659 | $92,524,413 | $19,128 | Total only | $609,625 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Lake Country Power
Based on IRS filings
Lake Country Power is a public charity, based in Cohasset, MN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $433.8M in total assets. In 2025, it awarded 1 grant totaling $9K. Net investment income was $301K.
Leadership & Key People
Officers and directors from IRS filings
Lake Country Power is led by Craig Olson, President on every filing since 2020; all 17 officers listed in 2025 are compensated.
Officers on the 2025 filing
Craig Olson
President
On filings since 2020
7.9 hrs/week
$14K (2020) → $16K (2025)
Jason Long
Director
Director → Treasurer, 2021
Treasurer → Director, 2024
On filings since 2020
4.5 hrs/week
$13K (2020) → $12K (2025)
Rebecca Seeley
Human Resources Director
On filings since 2020
50 hrs/week
$149K (2020) → $192K (2025)
Robert Bruckbauer
Director
On filings since 2020
11.8 hrs/week
$12K (2020) → $13K (2025)
William Bussey
Director of Safety & Risk
Director of Safety & Risk → Director of Safety & Risk Management, 2023
Director of Safety & Risk Management → Director of Safety & Risk, 2025
On filings since 2020
50 hrs/week
$170K (2020) → $206K (2025)
Larry Anderson
Director
On filings since 2021
8.6 hrs/week
$12K (2021) → $15K (2025)
Steve Raukar
Director
On filings since 2021
10.2 hrs/week
$12K (2021) → $14K (2025)
Brian Napstad
Director
On filings since 2023
6.4 hrs/week
$13K (2023) → $17K (2025)
Daniel Kingsley
Vice President
On filings since 2020
6.7 hrs/week
$13K (2020) → $13K (2025)
Derek Howe
Chief Operating Officer
On filings since 2020
50 hrs/week
$216K (2020) → $259K (2025)
Mark Bakk
General Manager
Chief Financial Officer → General Manager, 2021
On filings since 2020
50 hrs/week
$219K (2020) → $391K (2025)
Michael Forsman
Secretary
Director → Secretary, 2021
On filings since 2020
7.1 hrs/week
$14K (2020) → $14K (2025)
Craig Sistad
Crew Chief
On filings since 2021
50.4 hrs/week
$150K (2021) → $170K (2025)
Tracy Peterson Wirtanen
Chief Financial Officer
On filings since 2021
50 hrs/week
$184K (2021) → $238K (2025)
Jeff Sheldon
Treasurer
Director → Treasurer, 2024
On filings since 2023
10.9 hrs/week
$10K (2023) → $14K (2025)
Jeff Thiel
Crew Chief
On filings since 2023
51.3 hrs/week
$172K (2023) → $180K (2025)
Wade Gould
Area Supervisor
On filings since 2023
50 hrs/week
$157K (2023) → $169K (2025)
Former officers (12)
- Former: Zachary Diiorio (2023) — Crew Chief
- Former: Craig Carlson (2020–2022) — Director
- Former: James Huhta (2020–2022) — Director
- Former: William Koschak (2020–2022) — Crew Chief
- Former: Brian Grondahl (2022) — Crew Chief
- Former: Mark Pohto (2022) — Crew Chief
- Former: Gregory Randa (2020–2021) — General Manager - Retired
- Former: Sherman Liimatainen (2020–2021) — Director
- Former: Todd Johnson (2021) — Manager of Energy Services & Business Development
- Former: George Harvey (2020) — Secretary
- Former: Jeffrey Thiel (2020) — Crew Chief
- Former: Joel Hagen (2020) — Senior Engineer
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $391K, to Mark Bakk (General Manager). 17 officers or directors reported compensation on that filing.
Frequently asked questions about Lake Country Power
How much does Lake Country Power give each year?
Lake Country Power gave $9K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $13K across 1 grant.
How large is Lake Country Power?
Lake Country Power reported $433.8M in total assets on its 2025 IRS Form 990. Its revenue that year was $125.7M.
Where does Lake Country Power operate?
Lake Country Power has awarded grants in Minnesota.
What is Lake Country Power's EIN?
Lake Country Power's EIN (Employer Identification Number) is 41-1857633. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS September 13, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS September 12, 2022)
- Added Form 990 for fiscal year 2025 (received by the IRS August 5, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Lake Country Power's focus areas in our free grants database
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Lake Country Power down — hundreds of funders to go?