2022-11-15T10:39:06-05:00 2021-12-31 731293012 BRISCOE BURKE & GRIGSBY LLP 4120 E 51ST STREET TULSA OK 741353639 990 2021-01-01 730579543 LAKE REGION ELECTRIC COOPERATIVE INC LAKE 9187722526 PO BOX 127 HULBERT OK 744410127 JOHN LEE CEO 9187722526 2022-11-14 true JOHN LEE 999009999 MICHAEL K BURKE CPA P00054433 9187498337 2022-11-14 2021 2022-09-23 18:48:47Z JOHN LEE PO BOX 127 HULBERT OK 74441 58023781 false X WWW.LRECOK.COOP X 1949 OK TO PROVIDE ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS. 7 7 113 7302443 0 45005491 46605238 424069 456546 5989297 8591755 51418857 55653539 0 3987229 2817479 1753325 3480114 0 0 45586848 49355946 51327402 55653539 91455 0 170354416 189199818 112570929 129930593 57783487 59269225 X TO PROVIDE ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS. false false TO PROVIDE ELECTRICITY TO OUR MEMBERS - 25,753 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 113 true true true false false false false 53198641 2369606 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 315908 0 235309 BEN MCCOLLUM DIR FINANCE 40.00 X 149877 0 108789 LOGAN PLEASANT DIR OF OPERA 40.00 X 173033 0 69875 JASON YOUNGBLOOD LINEMAN 40.00 X 115892 0 68106 JON ENKEY LINEMAN 40.00 X 118228 0 58360 JASON STEELEY LINEMAN 40.00 X 118778 0 48150 JAMES MANES PRESIDENT 8.00 X 44374 0 0 GARY COOPER DIRECTOR 8.00 X 38374 0 0 JAMES WALLS DIRECTOR 3.00 X 37774 0 0 RANDALL SHANKLE SECRETARY/TR 3.00 X 37174 0 0 LYNN LAMONS VICE PRESIDE 6.00 X 28361 0 0 DIANNE MAYFIELD DIRECTOR 3.00 X 23578 0 0 JACK TEAGUE ASST. SEC/TR 10.00 X 22378 0 0 JOHN LEE CEO X 0 0 0 1223729 588589 13 false true false RIGGS TREE SERVICE PO BOX 453225 GROVE OK 74345 ROW CONTRACTOR 933953 GRAY TREE LLC PO BOX 46 OKAY OK 74446 ROW CONTRACTOR 740012 JCL POWER 268 COOKS POINT DRIVE BOYCE LA 71409 HV CONTRACTOR 535505 RES SYSTEM 3 LLC 1610 ARDEN WAY STE 280 SACRAMENTO CA 95815 HV CONTRACTOR 176746 4 SALES OF ELECTRICITY 221000 44005868 44005868 PATRONAGE DIVIDENDS 221000 2325750 2325750 PATRONAGE DIVIDENDS - 990-T 517000 273620 273620 46605238 348295 348295 683953 683953 683953 683953 108251 108251 108251 108251 9434542 2370242 7064300 7028823 35477 OTHER NON-OPERATING INCOME 843502 843502 843502 55653539 46331618 7302443 2019478 X 2817479 1041896 2438218 65421 8149 3107704 6655303 COST OF POWER 27085204 DISTRIBUTION EXPENSE 5889558 CONSUMER EXPENSE 2016801 OTHER 1907789 2620017 55653539 0 0 0 2138464 681282 13683494 13969675 3224906 4640166 625542 440065 195331628 52393522 125398188 142938106 24726099 26158862 319488 319488 238235 52174 170354416 189199818 10454896 9415063 94275884 111842084 7840149 8673446 112570929 129930593 X 103415 105250 2331774 2935443 55348298 56228532 57783487 59269225 170354416 189199818 X 0 1485738 X false true X true false 77303 77303 4618202 3861051 757151 190636123 48532471 142103652 142938106 INVESTMENTS IN ASSOCIATED 25942632 INVESTMENT IN ASSOCIATED 216230 26158862 POST-RETIREMENT BENEFIT OBLIGATIONS 4423695 CONSUMER DEPOSITS 2880156 DEFERRED CREDITS 2063273 DEFERRED REVENUE 517434 OTHER LIABILITIES -1211112 8673446 X 55653539 55653539 55653539 52378342 52378342 3275197 3275197 55653539 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 2,817,479 EQUITY LOSS IN SUBSIDIARY 457,718 X X false false false HAMID VAHDATIPOUR GENERAL MANAGER 300681 500 14727 210135 25174 551217 BEN MCCOLLUM DIR FINANCE & ADMIN 148106 500 1271 83615 25174 258666 LOGAN PLEASANT DIR OF OPERATIONS 165373 287 7373 44701 25174 242908 JASON YOUNGBLOOD LINEMAN 114618 288 986 42932 25174 183998 JON ENKEY LINEMAN 117582 496 150 33186 25174 176588 JASON STEELEY LINEMAN 118289 354 135 22976 25174 166928 SCHEDULE J, PART III EMPLOYEE NAME: HAMID VAHDATIPOUR ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 183,018 EMPLOYER CONTRIBUTION TO 401(K) PLAN 27,117 TOTAL REPORTED IN COLUMN C 210,135 LESS: ACTUARIAL INCREASE 183,018 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 38,064 EXPENSE TO COOPERATIVE 65,181 EMPLOYEE NAME: BEN MCCOLLUM ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 70,230 EMPLOYER CONTRIBUTION TO 401(K) PLAN 13,386 TOTAL REPORTED IN COLUMN C 83,615 LESS: ACTUARIAL INCREASE 70,230 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 17,979 EXPENSE TO COOPERATIVE 31,365 EMPLOYEE NAME: LOGAN PLEASANT ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 32,002 EMPLOYER CONTRIBUTION TO 401(K) PLAN 12,699 TOTAL REPORTED IN COLUMN C 44,701 LESS: ACTUARIAL INCREASE 32,002 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 19,927 EXPENSE TO COOPERATIVE 32,626 EMPLOYEE NAME: JON ENKEY ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 25,235 EMPLOYER CONTRIBUTION TO 401(K) PLAN 7,951 TOTAL REPORTED IN COLUMN C 33,186 LESS: ACTUARIAL INCREASE 25,235 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 13,612 EXPENSE TO COOPERATIVE 21,563 EMPLOYEE NAME: JASON STEELEY ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 15,025 EMPLOYER CONTRIBUTION TO 401(K) PLAN 7,951 TOTAL REPORTED IN COLUMN C 22,976 LESS: ACTUARIAL INCREASE 15,025 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 10,641 EXPENSE TO COOPERATIVE 18,592 EMPLOYEE NAME: JASON YOUNGBLOOD ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 35,015 EMPLOYER CONTRIBUTION TO 401(K) PLAN 7,917 TOTAL REPORTED IN COLUMN C 42,932 LESS: ACTUARIAL INCREASE 35,015 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 10,530 EXPENSE TO COOPERATIVE 18,447 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 1,835 PATRONAGE DIVIDEND ALLOCATION 2,817,479 INCREASE IN OCI 589,619 RETIREMENT OF PATRONAGE CAPITAL -1,364,270 EQUITY DECREASE IN SUBSIDIARY -457,718 OTHER CHANGES IN EQUITY -101,207 TOTAL 1,485,738 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 84866 ACCRUAL BASIS