2025-08-13T16:30:21-04:00 2024-12-31 731293012 BRISCOE BURKE & GRIGSBY LLP 4120 E 51ST STREET TULSA OK 741353639 990 2024-01-01 730579543 LAKE REGION ELECTRIC COOPERATIVE INC LAKE 9187722526 PO BOX 127 HULBERT OK 744410127 GLEN CLARK CEO - 2025 9187722526 2025-06-30 true true MICHAEL K BURKE CPA P00054433 9187498337 2025-06-30 2024 2025-03-06 01:10:19Z GLEN CLARK PO BOX 127 HULBERT OK 74441 75629106 false X WWW.LRECOK.COOP X 1949 OK TO PROVIDE ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS. 7 7 132 13213226 0 57640382 58477272 1503990 716909 12884707 15253029 72029079 74447210 0 6489589 122227 4640273 5836218 0 0 60899217 68488765 72029079 74447210 0 263310807 274914956 199515091 214838579 63795716 60076377 X TO PROVIDE ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS. false false TO PROVIDE ELECTRICITY TO OUR MEMBERS - 26,643 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 0 132 true true true false false false false 67081501 4584800 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 233237 0 322539 JOHN LEE CEO 45.00 X 264143 0 125228 WENDELL WELCH SR DIR IT & 40.00 X 235470 0 86796 LOGAN PLEASANT DIR OF OPERA 40.00 X 236420 0 80250 BEN MCCOLLUM DIR FINANCE 40.00 X 145306 0 146577 FRANK TEAGUE LINEMAN 40.00 X 176140 0 70305 RANDALL SCOTT LINEMAN 40.00 X 176473 0 44491 LAYNE MARSHALL LINEMAN 40.00 X 182576 0 24291 HAMID VAHDATIPOUR INTERIM CEO 40.00 X 62574 0 14320 JAMES MANES PRESIDENT 8.00 X 60755 0 0 JAMES WALLS DIRECTOR 3.00 X 54355 0 0 RANDALL SHANKLE SECRETARY/TR 3.00 X 50355 0 0 GARY COOPER DIRECTOR 8.00 X 48755 0 0 LYNN LAMONS VICE PRESIDE 6.00 X 38970 0 0 DIANNE MAYFIELD DIRECTOR 3.00 X 36570 0 0 JACK TEAGUE ASST. SEC/TR 10.00 X 30170 0 0 2032269 914797 40 false true false JCL POWER 268 COOKS POINT DRIVE BOYCE LA 71409 HV CONTRACTOR 1713349 ARKANSAS ELECTRIC COOP INC PO BOX 194208 LITTLE ROCK AR 72219 LINE CONTRACTOR 1343759 LIBERTY ELECTRIC LINE BUILDERS 28851 S 655 RD GROVE OK 74344 CONSTRUCTION 932939 GRAY TREE SERVICE PO BOX 46 OKAY OK 74446 ROW CONTRACTOR 816090 RIGGS TREE SERVICE PO BOX 453225 GROVE OK 74345 ROW CONTRACTOR 724901 8 SALES OF ELECTRICITY 221000 54234182 54234182 PATRONAGE DIVIDENDS 221000 3538547 3538547 PATRONAGE DIVIDENDS - 990-T 517000 704543 704543 58477272 654996 654996 767705 767705 767705 767705 61913 61913 61913 61913 13716396 1181896 12534500 12508683 25817 OTHER NON-OPERATING INCOME 1950824 1950824 1950824 74447210 57772729 13213226 3461255 X 122227 1633854 4202364 10097 10430 8040307 9184227 COST OF POWER 32436935 DISTRIBUTION EXPENSE 7606073 OTHER 4070938 GENERAL & ADMINISTRATIVE 3327537 3802221 74447210 0 0 0 1564834 1777855 12794991 6000 5416792 6196174 8072030 6711835 867511 583781 289725162 70186604 195220603 219538558 38983287 39709994 390759 390759 263310807 274914956 10446013 8227028 179264438 196141306 9804640 10470245 199515091 214838579 X 107950 109120 1540671 2087363 62147095 57879894 63795716 60076377 263310807 274914956 X 0 -3719339 X false true X true false 77303 77303 9509325 4870327 4638998 280138534 65316277 214822257 219538558 INVESTMENTS IN ASSOCIATED 38916270 INVESTMENT IN ASSOCIATED 793724 39709994 POST-RETIREMENT BENEFIT OBLIGATIONS 6217893 CONSUMER DEPOSITS 3276298 DEFERRED CREDITS 2462609 DEFERRED REVENUE 657771 OTHER LIABILITIES -2144326 10470245 X 72167995 72167995 2279215 2279215 74447210 74324983 74324983 122227 122227 74447210 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 XI, LINE 4B EQUITY GAIN IN SUBSIDIARY 2,279,215 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE DIVIDENDS - ASSIGNED 122,227 X X false false false LEISA WALKER DIRECTOR OF ACCOUNTI 230137 1000 2100 293784 28755 555776 JOHN LEE CEO 255840 8303 96473 28755 389371 WENDELL WELCH SR DIR IT & TELECOM 229902 541 5027 58041 28755 322266 LOGAN PLEASANT DIR OF OPERATIONS 229903 717 5800 51495 28755 316670 BEN MCCOLLUM DIR FINANCE & ADMIN 143158 2148 127407 19170 291883 FRANK TEAGUE LINEMAN 174682 1000 458 41550 28755 246445 RANDALL SCOTT LINEMAN 175295 879 299 31921 12570 220964 LAYNE MARSHALL LINEMAN 182195 250 131 11721 12570 206867 SCHEDULE J, PART III EMPLOYEE NAME: JOHN LEE ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 77,241 EMPLOYER CONTRIBUTION TO 401(K) PLAN 19,232 TOTAL REPORTED IN COLUMN C 96,473 LESS: ACTUARIAL INCREASE 77,241 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 39,058 EXPENSE TO COOPERATIVE 58,290 EMPLOYEE NAME: BEN MCCOLLUM ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 114,659 EMPLOYER CONTRIBUTION TO 401(K) PLAN 12,748 TOTAL REPORTED IN COLUMN C 127,407 LESS: ACTUARIAL INCREASE 114,659 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 23,974 EXPENSE TO COOPERATIVE 36,722 EMPLOYEE NAME: LOGAN PLEASANT ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 30,745 EMPLOYER CONTRIBUTION TO 401(K) PLAN 20,750 TOTAL REPORTED IN COLUMN C 51,495 LESS: ACTUARIAL INCREASE 30,745 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 35,961 EXPENSE TO COOPERATIVE 56,711 EMPLOYEE NAME: WENDELL WELCH ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 38,880 EMPLOYER CONTRIBUTION TO 401(K) PLAN 19,161 TOTAL REPORTED IN COLUMN C 58,041 LESS: ACTUARIAL INCREASE 38,880 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 35,960 EXPENSE TO COOPERATIVE 55,121 EMPLOYEE NAME: LAYNE MARSHALL ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 3,405 EMPLOYER CONTRIBUTION TO 401(K) PLAN 8,316 TOTAL REPORTED IN COLUMN C 11,721 LESS: ACTUARIAL INCREASE 3,405 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 14,650 EXPENSE TO COOPERATIVE 22,966 EMPLOYEE NAME: LEISA WALKER ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 273,034 EMPLOYER CONTRIBUTION TO 401(K) PLAN 20,750 TOTAL REPORTED IN COLUMN C 293,784 LESS: ACTUARIAL INCREASE 273,034 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 35,961 EXPENSE TO COOPERATIVE 56,711 EMPLOYEE NAME: RANDALL SCOTT ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 22,146 EMPLOYER CONTRIBUTION TO 401(K) PLAN 9,775 TOTAL REPORTED IN COLUMN C 31,921 LESS: ACTUARIAL INCREASE 22,146 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 16,992 EXPENSE TO COOPERATIVE 26,767 EMPLOYEE NAME: FRANK TEAGUE ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 31,933 EMPLOYER CONTRIBUTION TO 401(K) PLAN 9,617 TOTAL REPORTED IN COLUMN C 41,550 LESS: ACTUARIAL INCREASE 31,933 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 16,992 EXPENSE TO COOPERATIVE 26,609 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 1,170 PATRONAGE DIVIDEND ALLOCATION 122,227 INCREASE IN OCI 536,258 RETIREMENT OF PATRONAGE CAPITAL -1,224,938 OTHER CHANGES IN EQUITY -874,841 EQUITY DECREASE IN SUBSIDIARY -2,279,215 TOTAL -3,719,339 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 78487 ACCRUAL BASIS