Lake Region Electric Association Inc
TO PROVIDE THE HIGHEST QUALITY OF SERVICES AND PRODUCTS TO ITS MEMBERS WHILE MAINTAINING COMPETITIVE RATES.
Financial Overview
From 2024 IRS Form 990-PF · View filing
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
About Lake Region Electric Association Inc
Based on IRS filings
Lake Region Electric Association Inc is a nonprofit organization, based in WEBSTER, SD. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $53.7M in total assets. In 2024, it awarded 1 grants totaling $10K. Net investment income was $129K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| 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
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Open Grants
4 open opportunities from Lake Region Electric Association Inc
Basin Electric Power Cooperative (BEPC) Scholarship
LAKE REGION ELECTRIC ASSOCIATION INC
Amount
$1,000
Deadline
February 14, 2027
Charles Johnson Education and Training Trust Scholarship
LAKE REGION ELECTRIC ASSOCIATION INC
Amount
Varies
Deadline
February 14, 2027
Duane Snaza Memorial Scholarship
LAKE REGION ELECTRIC ASSOCIATION INC
Amount
$1,000
Deadline
February 14, 2027
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KERMIT PEARSON | PRESIDENT | 10 | $4,500 |
| RODNEY TOBIN | VICE PRESIDENT | 8 | $9,958 |
| THOMAS LEE STEINER | SECRETARY | 8 | $8,100 |
| ANDREA KILKER | TREASURER | 8 | $6,600 |
| AMY KUECKER | DIRECTOR | 8 | $7,200 |
| MARK WISMER | DIRECTOR | 8 | $6,600 |
| CODY PASZEK | DIRECTOR | 8 | $8,400 |
| TIMOTHY MCINTYRE | GENERAL MANAGER/CEO - LEFT 9/2024 | 40 | $149,525 |
| JEREMY T LINDEMANN | GENERAL MANAGER/CEO - JOINED 9/2024 | 40 | $47,688 |
| JAMES GRIMES | MANAGER OF OPERATIONS | 40 | $113,506 |
| BRETT KWASNIEWSKI | MANAGER OF MEMBER SERVICES | 40 | $109,160 |
| DONNA SATTLER | DIRECTOR OF FINANCE/OFFICE MANAGER | 40 | $105,986 |
| TIMOTHY GAIKOWSKI | MANAGER OF TECHNOLOGY SERVICES | 40 | $110,724 |
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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