2016-11-03T16:34:31-05:00 2015-12-31 731293012 BRISCOE BURKE & GRIGSBY LLP 4120 EAST 51ST STREET SUITE 100 TULSA OK 741353633 990 2015-01-01 730579543 LAKE REGION ELECTRIC COOPERATIVE INC LAKE 9187722526 PO BOX 127 HULBERT OK 744410127 HAMID VAHDATIPOUR GENERAL MANAGER/CEO 9187722526 2016-10-25 true SEAN B DUNAHAY CPA P00086460 9187498337 2016-11-03 2015 2017-02-10 21:41:12Z HAMID VAHDATIPOUR PO BOX 127 HULBERT OK 74441 39167573 false X WWW.LRECOK.COOP X 1949 OK TO PROVIDE ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS. 7 7 83 873833 -357273 0 37543993 36856792 518178 434697 484406 1272814 38546577 38564303 0 2868745 2945935 1357591 1266601 0 0 35676613 37177912 39902949 41390448 -1356372 -2826145 96172256 107117124 46999183 58312627 49173073 48804497 X TO PROVIDE ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS. false false PROVIDED ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS. 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 83 true true true false false false false 36856792 1983916 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 230293 0 234865 BEN MCCOLLUM DIR FINANCE 40.00 X 105819 0 62625 GARY COOPER PRESIDENT 8.00 X 44944 0 0 RANDALL SHANKLE DIRECTOR 3.00 X 40144 0 0 BOBBY MAYFIELD VICE-PRESIDE 8.00 X 38944 0 0 LYNN LAMONS DIRECTOR 6.00 X 38344 0 0 JAMES MANES DIRECTOR 8.00 X 39544 0 0 JAMES LOFTIN SECRETARY/TR 8.00 X 37144 0 0 JACK TEAGUE ASSISTANT SE 10.00 X 19147 0 0 LOGAN PLEASANT DIR OF OPERA 40.00 X 107056 0 40226 701379 337716 3 false true false RIGGS TREE SERVICE PO BOX 453225 GROVE OK 74345 RIGHT OF WAY 1045067 NORTHEAST RURAL SERVICES PO BOX 399 VINITA OK 74301 RIGHT OF WAY 658894 POWER UTILITY SERVICES INC 1798 W 430RD ROAD ADAIR OK 74330 ELECTRIC UTILIT 449693 3 SALES OF ELECTRICITY 36856792 36856792 36856792 428690 428690 326865 326865 326865 326865 6007 6007 6007 6007 1518938 603270 915668 873833 41835 OTHER NON-OPERATING INCOME 30281 30281 30281 38564303 36856792 873833 833678 2945935 891813 374788 144765 1563297 3097038 COST OF POWER 23910161 DISTRIBUTION EXPENSE 4674213 GENERAL & ADMINISTRATIVE 1732677 CONSUMER EXPENSE 1283742 772019 41390448 0 0 0 564161 370390 2904565 11440134 1442549 1386499 1399020 1290713 106717456 33065924 71417098 73651532 18444863 18977856 96172256 107117124 5615743 5721590 33999229 45019642 7384211 7571395 46999183 58312627 X 96585 97240 1012058 1054975 48064430 47652282 49173073 48804497 96172256 107117124 -2826145 2457569 X false true X true false 77303 77303 106640153 33065924 73574229 73651532 INVESTMENTS IN ASSOCIATED 18699915 NOTES RECEIVABLE SUBSIDIARY 575694 INVESTMENT IN SUBSIDIARY -297753 18977856 POST-RETIREMENT BENEFIT OBLIGATIONS 4812483 CONSUMER DEPOSITS 1894758 DEFERRED CREDITS 864154 7571395 X 39482492 918189 918189 38564303 38564303 38801760 357247 357247 38444513 2945935 2945935 41390448 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. MANAGEMENT HAS CONSIDERED WHETHER THE COMPANY HAS ANY UNCERTAIN TAX POSITIONS, EMBEDDED OR OTHERWISE, THAT WOULD MATERIALLY IMPACT THE FINANCIAL STATEMENTS. MANAGEMENT BELIEVES NO SUCH MATERIAL UNCERTAINTIES EXIST, THEREFORE, NO PROVISION IS PROVIDED. THE TAX YEARS PRIOR TO 2012 GENERALLY ARE NOT SUBJECT TO EXAMINATION BY THE U.S. FEDERAL AND MOST STATE TAX AUTHORITIES. SCHEDULE D, PAGE 4, PART XI, LINE 2D ACCRUAL BASIS CAPITAL CREDITS 864,658 EQUITY IN EARNINGS OF SUBSIDIARY 53,531 SCHEDULE D, PAGE 4, PART XII, LINE 2D LOSS IN SUBSIDIARY 357,247 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE DIVIDENDS - ASSIGNED 2,945,935 X X false false false HAMID VAHDATIPOUR GENERAL MANAGER/CEO 222291 250 7752 210921 23944 465158 BEN MCCOLLUM DIR FINANCE & ADMIN 105194 184 441 38681 23944 168444 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 FORM 990 IS PROVIDED TO THE BOARD FOR REVIEW AND APPROVAL PRIOR TO FILING. 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 XI, LINE 9 EQUITY EARNINGS IN SUBSIDIARY 53,531 EQUITY LOSS IN SUBSIDIARY -357,247 CHANGE IN ACCUMULATED OCI 33,980 INCREASE IN MEMBERSHIP 655 PATRONAGE DIVIDEND ALLOCATION 2,945,935 ACCRUAL TO CASH CAP CREDITS 864,658 OTHER INCREASES IN EQUITY 8,937 RETIREMENT OF PATRONAGE CAPITAL -1,092,880 TOTAL 2,457,569 LAKE REGION FOUNDATION 516 LAKE REGION RD HULBERT OK 744410127 113793478 DONATIONS OK 501C3 9 LREC LAKE REGION ELECTRIC COOPERATIVE false LAKE REGION ELECTRIC DEVELOPMENT PO BOX 127 HULBERT OK 744410127 731346843 WATER UTIL OK LREC C CORP 696674 2889974 1.00000 false false true false false false false false false false false false false false false false false false false true LAKE REGION FOUNDATION B 93162 ACCRUAL BASIS LAKE REGION ELECTRIC DEVELOPMENT S 16514 ACCRUAL BASIS