2023-10-05T10:53:37-04:00 2022-12-31 731293012 BRISCOE BURKE & GRIGSBY LLP 4120 E 51ST STREET TULSA OK 741353639 990 2022-01-01 730579543 LAKE REGION ELECTRIC COOPERATIVE INC LAKE 9187722526 PO BOX 127 HULBERT OK 744410127 JOHN LEE CEO 9187722526 2023-09-19 true JOHN LEE 999009999 false MICHAEL K BURKE CPA P00054433 9187498337 2023-09-19 2022 2023-04-26 12:10:37Z JOHN LEE PO BOX 127 HULBERT OK 74441 63434290 false X WWW.LRECOK.COOP X 1949 OK TO PROVIDE ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS. 7 7 118 8486126 0 46605238 49551677 456546 -325249 8591755 10677718 55653539 59904146 0 2817479 924466 3480114 4433936 0 0 49355946 54545744 55653539 59904146 0 189199818 216382983 129930593 158532872 59269225 57850111 X TO PROVIDE ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS. false false TO PROVIDE ELECTRICITY TO OUR MEMBERS - 26,120 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 118 true true true false false false false 58138929 3081861 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 HAMID VAHDATIPOUR GENERAL MANA 45.00 X 197994 0 214630 BEN MCCOLLUM DIR FINANCE 40.00 X 157969 0 112967 JOHN LEE CEO 45.00 X 159297 0 102442 LOGAN PLEASANT DIR OF OPERA 40.00 X 177024 0 77444 GLEN CLARK DIR OF MARKE 40.00 X 124234 0 127871 JASON STEELEY LINEMAN 40.00 X 131709 0 60815 WENDELL WELCH SR DIR IT & 40.00 X 129501 0 60970 JASON YOUNGBLOOD LINEMAN 40.00 X 118901 0 51015 JAMES MANES PRESIDENT 8.00 X 55433 0 0 JAMES WALLS DIRECTOR 3.00 X 48233 0 0 RANDALL SHANKLE SECRETARY/TR 3.00 X 47833 0 0 GARY COOPER DIRECTOR 8.00 X 47633 0 0 LYNN LAMONS VICE PRESIDE 6.00 X 34054 0 0 DIANNE MAYFIELD DIRECTOR 3.00 X 30254 0 0 JACK TEAGUE ASST. SEC/TR 10.00 X 24854 0 0 1484923 808154 12 false true false ARKANSAS ELECTRIC COOP INC PO BOX 194208 LITTLE ROCK AR 72219 LINE CONTRACTOR 3415215 RIGGS TREE SERVICE PO BOX 453225 GROVE OK 74345 ROW CONTRACTOR 1640024 GRAY TREE LLC PO BOX 46 OKAY OK 74446 ROW CONTRACTOR 872957 JCL POWER 268 COOKS POINT DRIVE BOYCE LA 71409 HV CONTRACTOR 665737 PROGRESSIVE SOLUTIONS LLC PO BOX 1130 MARSHALL AR 72650 ROW SPRAYING 196600 6 SALES OF ELECTRICITY 221000 47236798 47236798 PATRONAGE DIVIDENDS 221000 1905274 1905274 PATRONAGE DIVIDENDS - 990-T 517000 409605 409605 49551677 407409 407409 783813 783813 783813 783813 2271 734929 -732658 -732658 -734929 2271 11641529 2795215 8846314 8811450 34864 OTHER NON-OPERATING INCOME 1047591 1047591 1047591 59904146 49142072 8486126 2275948 X 924466 1233592 3200344 5322 9180 3347701 7670029 COST OF POWER 28589766 DISTRIBUTION EXPENSE 6662793 OTHER 2428023 CONSUMER EXPENSE 2250887 3582043 59904146 0 0 0 681282 744693 13969675 4835069 4640166 6828249 440065 509101 226300274 58946274 142938106 167354000 26158862 35792383 319488 319488 52174 189199818 216382983 9415063 11479749 111842084 136821639 8673446 10231484 129930593 158532872 X 105250 106870 2935443 2900183 56228532 54843058 59269225 57850111 189199818 216382983 X 0 -1419114 X false true X true false 77303 77303 4808639 4066912 741727 221414332 54879362 166534970 167354000 INVESTMENTS IN ASSOCIATED 35438492 INVESTMENT IN ASSOCIATED 353891 35792383 POST-RETIREMENT BENEFIT OBLIGATIONS 4638845 DEFERRED CREDITS 3515298 CONSUMER DEPOSITS 3144778 DEFERRED REVENUE 612168 OTHER LIABILITIES -1679605 10231484 X 59904146 59904146 59904146 57632764 57632764 2271382 2271382 59904146 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 924,466 EQUITY LOSS IN SUBSIDIARY 1,346,916 X X false false false HAMID VAHDATIPOUR GENERAL MANAGER 193237 4757 188397 26233 412624 BEN MCCOLLUM DIR FINANCE & ADMIN 155910 750 1309 86734 26233 270936 JOHN LEE CEO 152792 100 6405 82767 19675 261739 LOGAN PLEASANT DIR OF OPERATIONS 170597 466 5961 51211 26233 254468 GLEN CLARK DIR OF MARKETING 122952 750 532 101638 26233 252105 JASON STEELEY LINEMAN 130803 750 156 34582 26233 192524 WENDELL WELCH SR DIR IT & TELECOM 128223 334 944 34737 26233 190471 JASON YOUNGBLOOD LINEMAN 118195 566 140 24782 26233 169916 SCHEDULE J, PART III EMPLOYEE NAME: HAMID VAHDATIPOUR ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 178,213 EMPLOYER CONTRIBUTION TO 401(K) PLAN 10,184 TOTAL REPORTED IN COLUMN C 188,397 LESS: ACTUARIAL INCREASE 178,213 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 47,824 EXPENSE TO COOPERATIVE 58,008 EMPLOYEE NAME: JOHN LEE ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 68,973 EMPLOYER CONTRIBUTION TO 401(K) PLAN 13,794 TOTAL REPORTED IN COLUMN C 82,767 LESS: ACTUARIAL INCREASE 68,973 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 20,907 EXPENSE TO COOPERATIVE 34,701 EMPLOYEE NAME: BEN MCCOLLUM ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 72,645 EMPLOYER CONTRIBUTION TO 401(K) PLAN 14,089 TOTAL REPORTED IN COLUMN C 86,734 LESS: ACTUARIAL INCREASE 72,645 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 23,804 EXPENSE TO COOPERATIVE 37,893 EMPLOYEE NAME: LOGAN PLEASANT ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 35,800 EMPLOYER CONTRIBUTION TO 401(K) PLAN 15,411 TOTAL REPORTED IN COLUMN C 51,211 LESS: ACTUARIAL INCREASE 35,800 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 26,568 EXPENSE TO COOPERATIVE 41,979 EMPLOYEE NAME: WENDALL WELCH ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 23,140 EMPLOYER CONTRIBUTION TO 401(K) PLAN 11,597 TOTAL REPORTED IN COLUMN C 34,737 LESS: ACTUARIAL INCREASE 23,140 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 19,385 EXPENSE TO COOPERATIVE 30,982 EMPLOYEE NAME: JASON STEELEY ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 26,346 EMPLOYER CONTRIBUTION TO 401(K) PLAN 8,236 TOTAL REPORTED IN COLUMN C 34,582 LESS: ACTUARIAL INCREASE 26,346 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 14,083 EXPENSE TO COOPERATIVE 22,319 EMPLOYEE NAME: GLEN CLARK ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 90,515 EMPLOYER CONTRIBUTION TO 401(K) PLAN 11,123 TOTAL REPORTED IN COLUMN C 101,638 LESS: ACTUARIAL INCREASE 90,515 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 19,019 EXPENSE TO COOPERATIVE 30,142 EMPLOYEE NAME: JASON YOUNGBLOOD ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 16,546 EMPLOYER CONTRIBUTION TO 401(K) PLAN 8,236 TOTAL REPORTED IN COLUMN C 24,782 LESS: ACTUARIAL INCREASE 16,546 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 14,083 EXPENSE TO COOPERATIVE 22,319 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 1,620 PATRONAGE DIVIDEND ALLOCATION 924,466 OTHER CHANGES IN EQUITY 476,571 RETIREMENT OF PATRONAGE CAPITAL -1,420,743 EQUITY DECREASE IN SUBSIDIARY -1,346,916 DECREASE IN OCI -54,112 TOTAL -1,419,114 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 85300 ACCRUAL BASIS