Lake Region Electric Cooperative
TO PROVIDE OUR MEMBERS WITH SAFE, RELIABLE, AFFORDABLE ELECTRICITY, AND LEAD BY OFFERING INNOVATIVE ENERGY SERVICES TO GROW THE COOPERATIVE.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$155.6M
+2.7% YoY
Annual Giving
$127K
-4.6% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$127K
-4.6% YoY
About Lake Region Electric Cooperative
Based on IRS filings
Lake Region Electric Cooperative is a nonprofit organization, based in PELICAN RAPIDS, MN. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $155.6M in total assets. In 2024, it awarded 1 grants totaling $127K. Net investment income was $702K.
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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 | $155,620,345 | $151,594,900 | $146,470,686 |
| Revenue | $59,514,606 | $57,227,491 | $56,475,666 |
| Expenses | $57,663,270 | $56,773,094 | $56,200,321 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $701,571 | $738,401 | $322,844 |
| 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
2 grants across all recorded years
Open Grants
2 open opportunities from Lake Region Electric Cooperative
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Lake Region Electric Trust ($126,846).
| Recipient | Purpose | Amount |
|---|---|---|
| LAKE REGION ELECTRIC TRUST PELICAN RAPIDS, MN | CONTRIBUTION OF UNCLAIMED CAPITAL CREDITS | $126,846 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CHARLIE BLIXT | DIRECTOR | 2.8 | $12,120 |
| MICHAEL BRASEL | DIRECTOR | 1.7 | $9,580 |
| JIM GRONBECK | DIRECTOR | 3.8 | $13,760 |
| CECIL HENSEL | SECRETARY/TREASURER | 2.9 | $14,280 |
| THOMAS JENNEN | CHAIRMAN | 2.2 | $14,700 |
| KURT KRUEGER | VICE CHAIR | 3.4 | $15,640 |
| PATRICK MEYERS | DIRECTOR | 2.1 | $9,540 |
| GARY OLSON | DIRECTOR | 2.5 | $11,080 |
| EARL RYDELL | DIRECTOR (TERMED 4/25/24) | 2.2 | $4,130 |
| LEE MINDEMANN | DIRECTOR (JOINED 4/25/24) | 5 | $10,830 |
| TIM THOMPSON | CEO | 45 | $345,442 |
| AMANDA FULLER | VICE PRESIDENT OF FINANCE/CFO | 45 | $161,241 |
| AL FAZIO | VICE PRESIDENT OF ENGINEERING/OPERATINGS | 45 | $174,327 |
| DYLAN AAFEDT | VICE PRESIDENT OF BUSINESS SOLUTIONS | 45 | $165,539 |
| PHILLIP BOLLINGBERG | JOURNEYMAN LINEWORKER | 50.2 | $141,002 |
| DONALD HANSON | LEAD JOURNEYMAN LINEWORKER | 48 | $140,764 |
| ERIK OLSON | JOURNEYMAN LINEWORKER | 49.8 | $138,720 |
| KYLE JENSEN | LEAD JOURNEYMAN LINEWORKER | 47.1 | $138,079 |
Frequently Asked Questions
How large is Lake Region Electric Cooperative?
As of 2024, Lake Region Electric Cooperative holds $155.6M in total assets with $59.5M in annual revenue. It awarded 1 grants totaling $127K in 2024.
Where does Lake Region Electric Cooperative operate?
Lake Region Electric Cooperative has awarded grants in Minnesota.
What size grants does Lake Region Electric Cooperative award?
In 2024, Lake Region Electric Cooperative awarded 1 grants totaling $127K — an average of about $127K per grant, based on its IRS Form 990 filings.
What is Lake Region Electric Cooperative's EIN?
Lake Region Electric Cooperative's EIN (Employer Identification Number) is 41-0363020. IRS Form 990 filing data is available on this page for 2019–2024.
Explore Open Grants
Browse active grant opportunities in Lake Region Electric Cooperative's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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