2013-11-13T16:53:32-06:00 2012-12-31 BRISCOE BURKE & GRIGSBY LLP 4120 EAST 51ST STREET SUITE 100 TULSA OK 741353633 990 2012-01-01 730579543 LAKE REGION ELECTRIC COOPERATIVE INC LAKE 9187722526 PO BOX 127 HULBERT OK 744410127 HAMID VAHDATIPOUR 9187722526 2013-10-29 true SEAN B DUNAHAY CPA 9187498337 2013-10-29 2012 2016-02-25 16:41:14Z 37632792 false X WWW.LRECOK.COOP X 1949 OK TO PROVIDE ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS. 7 7 76 31544 -62317 0 37575975 36381843 391045 351666 558968 360005 38525988 37093514 0 1204682 2840894 635461 621216 0 0 36268948 34811385 38109091 38273495 416897 -1179981 79981107 82453189 36873678 38999759 43107429 43453430 TO PROVIDE ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS. false false PROVIDED ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS. false false false false false false false false false true false 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 76 false true true false false false false 36381843 711671 false X 7 7 false false false false true true true true true false false true true true false true false true true false OK X LAKE REGION ELECTRIC COOPERATIVE 9187722526 PO BOX 127 HULBERT OK 744410127 BOBBY MAYFIELD 1.00 X 33328 0 0 JAMES MANES 1.00 X 32928 0 0 LYNN LAMONS 1.00 X 32128 0 0 JACK TEAGUE 1.00 X 31728 0 0 GARY COOPER 1.00 X 31328 0 0 RANDALL SHANKLE 1.00 X 30928 0 0 JAMES LOFTIN 1.00 X 28528 0 0 HAMID VAHDATIPOUR 1.00 X 166660 0 125234 BEN MCCOLLUM 1.00 X 83783 0 24643 471339 149877 1 false true false NORTHEAST RURAL SERVICES PO BOX 399 VINITA OK 74301 ELECTRONIC EQUI 1034143 ASPLUNDH TREE EXPERT PO BOX 827464 PHILADELPHIA PA 19182 TREE TRIMMING 496010 MIDWESTERN ELECTRICAL CONTRACTORS 3320 SE 156TH AVE NORMAN OK 73026 ELECTRIC UTILIT 320958 3 SALES OF ELECTRICITY 36381843 36381843 36381843 339673 339673 266487 266487 266487 266487 11993 11993 11993 11993 601941 539278 62663 31544 31119 OTHER NON-OPERATING INCOME 30855 30855 30855 37093514 36381843 31544 680127 2840894 621216 1354935 2275165 COST OF POWER 22932749 TRANSMISSION & DISTRIBUTI 4238600 GENERAL & ADMINISTRATIVE 1723595 CONSUMER EXPENSE 1553850 732491 38273495 0 0 0 303925 638386 3612216 2788091 666122 1189163 196641 191228 89461151 27974961 60124276 61486190 15077927 16160131 79981107 82453189 6935942 9035901 25485774 23737157 4451962 6226701 36873678 38999759 X 95500 95795 546136 -909649 42465793 44267284 43107429 43453430 79981107 82453189 -1179981 1525982 X false true X true false 76303 76303 89384848 27974961 61409887 61486190 POST-RETIREMENT BENEFIT OBLIG. 5843100 DEFERRED CREDITS 383601 6226701 X 38338571 1245057 1245057 37093514 37093514 35469495 36894 36894 35432601 2840894 2840894 38273495 LIABILITY UNDER FIN 48 FOOTNOTE SCHEDULE D, PAGE 3, PART X THE COOPERATIVE IS EXEMPT FROM INCOMES 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 2009 GENERALLY ARE NOT SUBJECT TO EXAMINATION BY THE U.S. FEDERAL AND MOST STATE TAX AUTHORITIES. REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER SCHEDULE D, PAGE 4, PART XI, LINE 2D ACCRUAL BASIS CAPITAL CREDITS 1,253,854 EQUITY LOSS IN SUBSIDIARY -8,797 EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER SCHEDULE D, PAGE 4, PART XII, LINE 2D FEDERAL INCOME TAXES PAID 36,894 EXPENSE AMOUNTS INCLUDED ON RETURN - OTHER SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE DIVIDENDS - ASSIGNED 2,840,894 X X false false false HAMID VAHDATIPOUR 161313 5347 21365 103869 291894 CLASSES OF MEMBERS OR STOCKHOLDERS FORM 990, PAGE 6, PART VI, LINE 6 MEMBERS ELECTION OF MEMBERS AND THEIR RIGHTS FORM 990, PAGE 6, PART VI, LINE 7A YES DECISIONS SUBJECT TO APPROVAL OF MEMBERS FORM 990, PAGE 6, PART VI, LINE 7B YES ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B BOARD MEMBERS ARE PROVIDED A COPY OF THE FORM 990 PRIOR TO A BOARD MEETING, THIS IS SO THEY CAN REVIEW AND GO OVER THE FORM 990 DURNING THAT MEETING BEFORE THE FORM 990 IS FILED WITH THE IRS. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION FOR TOP OFFICALS IS DETERMINED BY THE USE OF A NATIONAL COMPENSATION SURVEY AND THE CPI INDEX. COMPENSATION PROCESS FOR OFFICERS FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION FOR KEY EMPLOYEES AND OTHER OFFICERS IS DETERMINED BY THE USE OF A NATIONAL COMPENSATION SURVERY AND THE CPI INDEX. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION 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. RECONCILIATION OF CHANGES - OTHER FORM 990, PART XI, LINE 9 ACCRUAL BASIS CAPITAL CREDITS 1,253,854 EQUITY LOSS IN SUBSIDIARY -8,797 FEDERAL INCOME TAXES PAID -36,894 PATRONAGE DIVIDENDS - ASSIGNED 2,840,894 OTHER CHANGES IN NET ASSETS EXPLANATION FORM 990, PART XI, LINE 9 INCREASE IN OTHER EQUITIES 8,234 INCREASE IN MEMBERSHIPS 295 RETIREMENT OF PATRONAGE CAPITAL 1,067,584 CHANGE IN ACCUMULATED OCI 1,464,020 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 680648 2999852 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 98354 ACCRUAL BASIS LAKE REGION ELECTRIC DEVELOPMENT S 194584 ACCRUAL BASIS