Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1932.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
13 people listed on the 990; $1.5M paid to officers and key staff.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| John Devore | $274,869 | $241,171 | $192,929 | $198,647 | $171,333 | $172,871 |
| Derise Warner | $211,833 | $180,899 | $178,757 | $156,967 | $132,823 | $131,021 |
| Daniel Forsman | $191,430 | $179,994 | — | — | — | — |
| Mark Hadman | — | — | — | — | $173,171 | $188,376 |
| Kelly Butts | $187,971 | $179,752 | $167,085 | $151,924 | $137,201 | $126,390 |
| Anthony Rusin | $163,999 | $183,350 | $178,426 | $174,459 | $150,066 | $137,031 |
| Corey Lind | $179,801 | $174,134 | $158,102 | — | — | — |
| Jon Geiselman | $176,536 | — | $155,313 | $151,009 | $133,076 | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Delivers dependable and efficient electricity service to its members.
Questions for Lakeview Light & Power
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The company sold electrical power to approximately 2,831 user members during the year ended december 31, 2025.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $26.4M | $21.7M |
| InvestmentsLn 11–13 | $10.4M | $5.1M |
| Land, buildings, equipmentLn 10c | $21.6M | $23.2M |
| Total assetsLn 16 | $65.7M | $57.2M |
| LiabilitiesLn 26 | $3.0M | $1.5M |
| Net assetsLn 32 | $62.7M | $55.7M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $15K | |||
| Pay of current officers, directors and key staffLn 5 | $586K | |||
| Other salaries and wagesLn 7 | $1.2M | |||
| Pension plan contributionsLn 8 | $1K | |||
| Other employee benefitsLn 9 | $43K | |||
| Payroll taxesLn 10 | $37K | |||
| Other fees for servicesLn 11g | $215K | |||
| Office expensesLn 13 | $115K | |||
| OccupancyLn 16 | $75K | |||
| Conferences, conventions and meetingsLn 19 | $226K | |||
| Depreciation, depletion and amortizationLn 22 | $1.6M | |||
| InsuranceLn 23 | $114K | |||
| Other expenses (24a–d)Ln 24 | $14.1M | |||
| All other expensesLn 24e | $265K | |||
| Total functional expensesLn 25 | $18.6M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $14.3M | $18.6M | −$4.4M | $55.7M | 990 PDF |
| FY2024 | $24.9M | $16.9M | $8.0M | $62.7M | 990 PDF |
| FY2023 | $25.5M | $15.7M | $9.8M | $63.1M | 990 PDF |
| FY2022 | $25.2M | $17.1M | $8.1M | $55.3M | 990 PDF |
| FY2021 | $24.2M | $16.5M | $7.7M | $48.5M | 990 PDF |
| FY2020 | $24.0M | $16.3M | $7.7M | $43.5M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $14,270,173 revenue, 12 lines filed
Part VI · Governance 6 of 6 board members independent, no flags
Part VIII · Statement of revenue $14,270,173 across 5 lines filed
Part IX · Statement of functional expenses $18,644,974 across 14 lines filed
Part X · Balance sheet $57,198,708 assets, 13 lines filed
Part XI · Reconciliation of net assets $55,735,820 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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