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 · View filing

Total Assets

$53.7M

+7.4% YoY

Annual Giving

$10K

+0.0% YoY

Grant Count

+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

South Dakota $55K (100%)

States

South Dakota

Cities

BRITTONWEBSTER

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Show all 4 →

Foundation

Basin Electric Power Cooperative (BEPC) Scholarship

LAKE REGION ELECTRIC ASSOCIATION INC

Amount

$1,000

Deadline

February 14, 2027

Annual

Foundation

Charles Johnson Education and Training Trust Scholarship

LAKE REGION ELECTRIC ASSOCIATION INC

Amount

Varies

Deadline

February 14, 2027

Annual

Foundation

Duane Snaza Memorial Scholarship

LAKE REGION ELECTRIC ASSOCIATION INC

Amount

$1,000

Deadline

February 14, 2027

Annual

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Glacial Lakes Area Development ($10,000).

Recipient	Purpose	Amount
GLACIAL LAKES AREA DEVELOPMENT BRITTON, SD	ASSIST LOCAL ORGANIZATIONS SUCH AS FOOD BANKS, KIDS BACKPACK MEALS, 4-H.	$10,000

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

Frequently Asked Questions

How large is Lake Region Electric Association Inc?

As of 2024, Lake Region Electric Association Inc holds $53.7M in total assets with $21.2M in annual revenue. It awarded 1 grants totaling $10K in 2024.

Where does Lake Region Electric Association Inc operate?

Lake Region Electric Association Inc has awarded grants in South Dakota.

What size grants does Lake Region Electric Association Inc award?

In 2024, Lake Region Electric Association Inc awarded 1 grants totaling $10K — an average of about $10K per grant, based on its IRS Form 990 filings.

What is Lake Region Electric Association Inc's EIN?

Lake Region Electric Association Inc's EIN (Employer Identification Number) is 46-0156581. IRS Form 990 filing data is available on this page for 2019–2024.