2024-06-03T11:35:10-04:00 2023-12-31 731293012 BRISCOE BURKE & GRIGSBY LLP 4120 E 51ST STREET TULSA OK 741353639 990 2023-01-01 730579543 LAKE REGION ELECTRIC COOPERATIVE INC LAKE 9187722526 PO BOX 127 HULBERT OK 744410127 JOHN LEE CEO 9187722526 2024-05-30 true JOHN LEE 999009999 false MICHAEL K BURKE CPA P00054433 9187498337 2024-05-30 2023 2023-04-26 12:10:37Z JOHN LEE PO BOX 127 HULBERT OK 74441 73473733 false X WWW.LRECOK.COOP X 1949 OK TO PROVIDE ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS. 7 7 132 11646759 0 49551677 57640382 -325249 1503990 10677718 12884707 59904146 72029079 0 924466 6489589 4433936 4640273 0 0 54545744 60899217 59904146 72029079 0 216382983 263310807 158532872 199515091 57850111 63795716 X TO PROVIDE ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS. false false TO PROVIDE ELECTRICITY TO OUR MEMBERS - 26,312 ACTIVE SERVICES AT YEAR-END WERE PROVIDED ELECTRICITY ON A COOPERATIVE BASIS AND WERE ALLOCATED PATRONAGE CAPITAL. VOICE AND INTERNET SERVICES false false false false false false false false false true true false false true true true false false false false false false false false false false false false true false false false false false false false false false false false true false false true 7 0 false 132 true true true false false false false 65737084 4582730 false false false X 7 7 false false false false true true true true true false false false true true false true false true true false OK X LAKE REGION ELECTRIC COOPERATIVE 9187722526 PO BOX 127 HULBERT OK 744410127 LEISA WALKER DIRECTOR OF 40.00 X 164458 0 180411 JOHN LEE CEO 45.00 X 229708 0 108865 BEN MCCOLLUM DIR FINANCE 40.00 X 190188 0 122797 LOGAN PLEASANT DIR OF OPERA 40.00 X 193812 0 66043 WENDELL WELCH SR DIR IT & 40.00 X 173242 0 65825 JASON STEELEY LINEMAN 40.00 X 139736 0 55052 JASON YOUNGBLOOD LINEMAN 40.00 X 142101 0 46560 JAMES MANES PRESIDENT 8.00 X 62621 0 0 GARY COOPER DIRECTOR 8.00 X 53021 0 0 JAMES WALLS DIRECTOR 3.00 X 51421 0 0 RANDALL SHANKLE SECRETARY/TR 3.00 X 50621 0 0 LYNN LAMONS VICE PRESIDE 6.00 X 39180 0 0 DIANNE MAYFIELD DIRECTOR 3.00 X 36780 0 0 JACK TEAGUE ASST. SEC/TR 10.00 X 26380 0 0 1553269 645553 22 false true false COWEN CONSTRUCTION PO BOX 3465 TULSA OK 74101 CONSTRUCTION 4292824 ARKANSAS ELECTRIC COOP INC PO BOX 194208 LITTLE ROCK AR 72219 LINE CONTRACTOR 2905294 JCL POWER 268 COOKS POINT DRIVE BOYCE LA 71409 HV CONTRACTOR 1867518 RIGGS TREE SERVICE PO BOX 453225 GROVE OK 74345 ROW CONTRACTOR 1785815 FORCE ELECTRICAL SERVICES PO BOX 1288 WOODWARD OK 73802 LINE CONTRACTOR 867067 8 SALES OF ELECTRICITY 221000 54329582 54329582 PATRONAGE DIVIDENDS 221000 2728719 2728719 PATRONAGE DIVIDENDS - 990-T 517000 582081 582081 57640382 1212043 1212043 726062 726062 726062 726062 291947 291947 291947 250348 41599 12293909 1444654 10849255 10814330 34925 OTHER NON-OPERATING INCOME 1309390 1309390 1309390 72029079 57058301 11646759 3324019 X 6489589 971582 3668691 565 8975 4997199 8412050 COST OF POWER 29658590 DISTRIBUTION EXPENSE 8009210 OTHER 3134610 GENERAL & ADMINISTRATIVE 3071541 3606477 72029079 0 0 0 744693 1564834 12794991 4835069 5416792 6828249 8072030 509101 867511 258869379 63648776 167354000 195220603 35792383 38983287 319488 390759 216382983 263310807 11479749 10446013 136821639 179264438 10231484 9804640 158532872 199515091 X 106870 107950 2900183 1540671 54843058 62147095 57850111 63795716 216382983 263310807 X 0 5945605 X false true X true false 77303 77303 9242042 4342789 4899253 249550034 59305987 190244047 195220603 INVESTMENTS IN ASSOCIATED 38434943 INVESTMENT IN ASSOCIATED 548344 38983287 POST-RETIREMENT BENEFIT OBLIGATIONS 6331147 CONSUMER DEPOSITS 3204646 DEFERRED CREDITS 2565649 DEFERRED REVENUE 699029 OTHER LIABILITIES -2995831 9804640 X 72029079 72029079 72029079 64654215 64654215 7374864 7374864 72029079 SCHEDULE D, PAGE 3, PART X THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES WITH REGARD TO SALES OF ELECTRICITY TO ITS MEMBERS. SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE DIVIDENDS - ASSIGNED 6,489,589 EQUITY LOSS IN SUBSIDIARY 885,275 X X false false false LEISA WALKER DIRECTOR OF ACCOUNTI 162235 1000 1223 152990 27421 344869 JOHN LEE CEO 223713 100 5895 81444 27421 338573 BEN MCCOLLUM DIR FINANCE & ADMIN 187586 1000 1602 95376 27421 312985 LOGAN PLEASANT DIR OF OPERATIONS 187586 669 5557 38622 27421 259855 WENDELL WELCH SR DIR IT & TELECOM 169167 493 3582 38404 27421 239067 JASON STEELEY LINEMAN 138556 1000 180 27631 27421 194788 JASON YOUNGBLOOD LINEMAN 141136 803 162 19139 27421 188661 SCHEDULE J, PART III EMPLOYEE NAME: JOHN LEE ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 61,252 EMPLOYER CONTRIBUTION TO 401(K) PLAN 20,192 TOTAL REPORTED IN COLUMN C 81,444 LESS: ACTUARIAL INCREASE 61,252 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 24,829 EXPENSE TO COOPERATIVE 55,021 EMPLOYEE NAME: BEN MCCOLLUM ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 78,435 EMPLOYER CONTRIBUTION TO 401(K) PLAN 16,941 TOTAL REPORTED IN COLUMN C 95,376 LESS: ACTUARIAL INCREASE 78,435 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 28,577 EXPENSE TO COOPERATIVE 45,518 EMPLOYEE NAME: LOGAN PLEASANT ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 21,681 EMPLOYER CONTRIBUTION TO 401(K) PLAN 16,941 TOTAL REPORTED IN COLUMN C 38,622 LESS: ACTUARIAL INCREASE 21,681 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 28,577 EXPENSE TO COOPERATIVE 45,518 EMPLOYEE NAME: WENDALL WELCH ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 23,121 EMPLOYER CONTRIBUTION TO 401(K) PLAN 15,283 TOTAL REPORTED IN COLUMN C 38,404 LESS: ACTUARIAL INCREASE 23,121 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 24,581 EXPENSE TO COOPERATIVE 39,864 EMPLOYEE NAME: JASON STEELEY ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 18,323 EMPLOYER CONTRIBUTION TO 401(K) PLAN 9,308 TOTAL REPORTED IN COLUMN C 27,631 LESS: ACTUARIAL INCREASE 18,323 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 15,835 EXPENSE TO COOPERATIVE 25,143 EMPLOYEE NAME: LEISA WALKER ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 138,352 EMPLOYER CONTRIBUTION TO 401(K) PLAN 14,638 TOTAL REPORTED IN COLUMN C 152,990 LESS: ACTUARIAL INCREASE 138,352 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 22,762 EXPENSE TO COOPERATIVE 37,400 EMPLOYEE NAME: JASON YOUNGBLOOD ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 9,757 EMPLOYER CONTRIBUTION TO 401(K) PLAN 9,381 TOTAL REPORTED IN COLUMN C 19,139 LESS: ACTUARIAL INCREASE 9,757 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 15,835 EXPENSE TO COOPERATIVE 25,216 FORM 990, PAGE 2, PART III, LINE 4D VOICE AND INTERNET SERVICES FORM 990, PAGE 6, PART VI, LINE 6 MEMBERS FORM 990, PAGE 6, PART VI, LINE 7A YES FORM 990, PAGE 6, PART VI, LINE 7B YES FORM 990, PAGE 6, PART VI, LINE 11B REVIEWED BY THE GENERAL MANAGER AND DIRECTOR OF FINANCE AND ADMINISTRATION. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION FOR TOP OFFICIALS IS DETERMINED BY THE USE OF A NATIONAL COMPENSATION SURVEY AND THE CPI INDEX. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION FOR KEY EMPLOYEES AND OTHER OFFICERS IS DETERMINED BY THE USE OF A NATIONAL COMPENSATION SURVEY AND THE CPI INDEX. FORM 990, PAGE 6, PART VI, LINE 19 DOCUMENTS ARE MADE AVAILABLE UPON REQUEST FROM THE MAIN OFFICE LOCATED AT 516 SOUTH LAKE REGION ROAD, HULBERT OK 74441. FORM 990, PART VIII FORM 990, PART IX THE COOPERATIVE'S ACCOUNTING RECORDS ARE MAINTAINED IN ACCORDANCE WITH THE UNIFORM SYSTEM OF ACCOUNTS REQUIRED BY ITS REGULATORY AGENCY. THE UNIFORM SYSTEM OF ACCOUNTS DOES NOT RECORD EXPENSES IN THE EXPENSE CATEGORIES PROVIDED ON PART IX LINES 1-23. THEREFORE, OTHER EXPENSES LINE 24 INCLUDES EXPENSES THAT ARE DESCRIBED IN LINES 1-23, BUT REPORTED USING THE UNIFORM SYSTEM OF ACCOUNTS. FORM 990, PART XI, LINE 9 INCREASE IN MEMBERSHIP 1,080 PATRONAGE DIVIDEND ALLOCATION 6,489,589 OTHER CHANGES IN EQUITY 1,371,796 EQUITY INCREASE IN SUBSIDIARY 885,275 RETIREMENT OF PATRONAGE CAPITAL -1,417,743 DECREASE IN OCI -1,384,392 TOTAL 5,945,605 LAKE REGION FOUNDATION 516 LAKE REGION RD HULBERT OK 744410127 113793478 DONATIONS OK 501C3 10 LREC LAKE REGION ELECTRIC COOPERATIVE false false true false false false false false false false false false false false false false false false false false LAKE REGION FOUNDATION B 82679 ACCRUAL BASIS