Public Charity

LAKE COUNTRY POWER ELECTRIC TRUST

LAKE COUNTRY POWER ELECTRIC TRUST, of COHASSET, MN, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $234K in revenue, $226K in expenses, $44K in total assets. IRS filings disclose 14 grants awarded by this foundation, totaling roughly $88K.

EIN: 206179494 COHASSET, MN Latest filing: 2024
Total Revenue$234K
Total Expenses$226K
Total Assets$44K
Grants Given14
Grant Total$88K
Filing Years2020–2024

Mission

THE PURPOSE OF THE TRUST SHALL BE THE ACCUMULATION AND DISBURSEMENT OF FUNDS FOR CHARITABLE AND EDUCATIONAL PURPOSES PRIMARILY IN THE AREAS SERVED BY LAKE COUNTRY POWER COOPERATIVE.

Sample Grants Given

BUYCK, MN · 2024
FUNDS FOR VACUUM SPINE BOARD PURCHASE
$6,000
NORTHLAND COMMUNITY SCHOOL ISD 118
REMER, MN · 2024
FUNDS FOR EDUCATIONAL SUPPLIES - CNC PLASMA CUTTING MACHINE
$5,500
MERRIFIELD, MN · 2024
ASSISTANCE TO COMMUNITY EXPERIENCING FINANCIAL DIFFICULTIES
$5,500
ELY, MN · 2024
ASSISTANCE TO VULNERABLE ADULTS
$5,475
HIBBING, MN · 2023
FUNDS TO PROVIDE BASIC HEALTHCARE FOR THE UNINSURED & UNDERINSURED
$10,000

Showing up to 5 of 14 total records — full history available with membership.

Officers & Directors

BOARD MEMBER (STARTED MAY 2024) Charlie Ross
SECRETARY Gary Nelson
BOARD MEMBER Gene Rands
VICE PRESIDENT Katie Hildenbrand
BOARD MEMBER (THROUGH JUNE 2024) Keyth Wallin
PRESIDENT Mary Jo Stenson

Officer compensation and complete director data available with membership.

Top Grant Purposes

FINANCIAL ASSISTANCE FOR CANCER PATIENTS
$17,600 3 grants
FUNDS TO PROVIDE BASIC HEALTHCARE FOR THE UNINSURED & UNDERINSURED
$17,000 2 grants
REPLENISH FOODSHELF AND COMMUNITY OUTREACH NEEDS
$12,000 2 grants
FUNDS TO PROMOTE MENTAL HEALTH & WELL-BEING
$7,300 1 grant
FUNDS FOR VACUUM SPINE BOARD PURCHASE
$6,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $234K $226K $44K
2023 $211K $211K $36K
2022 $211K $213K $37K
2021 $207K $218K $39K
2020 $199K $181K $50K

Between 2020 and 2024, reported annual revenue grew from $199K to $234K (+18%), with total assets most recently reported at $44K.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in MN.

MN

Full geographic grant map with state-by-state breakdown available with membership.

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