Lake Region Electric Association Inc

WEBSTER, SD EIN: 46-0156581 Website

TO PROVIDE THE HIGHEST QUALITY OF SERVICES AND PRODUCTS TO ITS MEMBERS WHILE MAINTAINING COMPETITIVE RATES.

Financial Overview

From 2024 IRS Form 990-PF

Total Assets

$53.7M

+7.4% YoY

Annual Giving

$10K

+0.0% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$10K

+0.0% YoY

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Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$6M$12M$17M$23M201920202021202220232024
Metric202420232022
Total Assets$53,701,411$49,986,705$46,911,496
Revenue$21,153,524$19,878,233$19,790,370
Expenses$20,960,091$19,703,998$19,719,627
Qualifying Distributions
Net Investment Income$129,493$113,558$57,615
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$4K$8K$11K$15K1 grants20191 grants20201 grants20211 grants20221 grants20231 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

GLACIAL LAKES AREA DEVEL…$10K

Grant Size Distribution

6 grants across all recorded years

6<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Who else does Lake Region Electric Association Inc fund?

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Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

TIMOTHY MCINTYREGENERAL MANAGER/CEO - LEFT 9…$150KJAMES GRIMESMANAGER OF OPERATIONS$114KTIMOTHY GAIKOWSKIMANAGER OF TECHNOLOGY SERVICES$111KBRETT KWASNIEWSKIMANAGER OF MEMBER SERVICES$109KDONNA SATTLERDIRECTOR OF FINANCE/OFFICE M…$106KJEREMY T LINDEMANNGENERAL MANAGER/CEO - JOINED…$48KRODNEY TOBINVICE PRESIDENT$10KCODY PASZEKDIRECTOR$8KTHOMAS LEE STEINERSECRETARY$8KAMY KUECKERDIRECTOR$7KANDREA KILKERTREASURER$7KMARK WISMERDIRECTOR$7KKERMIT PEARSONPRESIDENT$5K

From 2024 filing

NameTitleHoursCompensation
KERMIT PEARSONPRESIDENT10$4,500
RODNEY TOBINVICE PRESIDENT8$9,958
THOMAS LEE STEINERSECRETARY8$8,100
ANDREA KILKERTREASURER8$6,600
AMY KUECKERDIRECTOR8$7,200
MARK WISMERDIRECTOR8$6,600
CODY PASZEKDIRECTOR8$8,400
TIMOTHY MCINTYREGENERAL MANAGER/CEO - LEFT 9/202440$149,525
JEREMY T LINDEMANNGENERAL MANAGER/CEO - JOINED 9/202440$47,688
JAMES GRIMESMANAGER OF OPERATIONS40$113,506
BRETT KWASNIEWSKIMANAGER OF MEMBER SERVICES40$109,160
DONNA SATTLERDIRECTOR OF FINANCE/OFFICE MANAGER40$105,986
TIMOTHY GAIKOWSKIMANAGER OF TECHNOLOGY SERVICES40$110,724

Geographic Focus

Where this funder has awarded grants

Grant Distribution by State

1states

States

Cities

BRITTONWEBSTER

Data last updated March 2026. Sourced from IRS Form 990-PF filings.

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