Civic Intelligence

Laker Educational Foundation

990 • Fiscal year 2015 • EIN 38-3717510

Jan 01, 2015 to Dec 31, 2015 • Filed on May 16, 2016

Organization ProfileWWW.LAKERFOUNDATION.ORG
PO Box 840Prior Lake, MN 55372

(952) 226-0063

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

72nd percentile

0.05x

Higher debt load relative to assets than 72% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

87th percentile

0.21x

Higher debt load relative to revenue than 87% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

65th percentile

11%

Higher net margin than 65% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

55th percentile

4.2%

Faster asset growth than 55% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

23rd percentile

-21%

Faster revenue growth than 23% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Up

$316,655

Up $12,620 (+4.2%) from 2014

Net Assets

Up

$299,411

Up $8,802 (+3.0%) from 2014

Liabilities

Up

$17,244

Up $3,818 (+28%) from 2014

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin65th percentile

Revenue

Down

$80,275

Down $20,994 (-21%) from 2014

Expenses

Down

$71,796

Down $43,002 (-37%) from 2014

Net Income

Up

$8,479

Up $22,008 (+163%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth55th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2010: $279,514Liabilities 2010: $4,527Net Assets 2010: $274,9872010Assets 2011: $299,858Liabilities 2011: $3,576Net Assets 2011: $296,2822011Assets 2012: $323,506Liabilities 2012: $5,667Net Assets 2012: $317,8392012Assets 2013: $326,553Liabilities 2013: $12,250Net Assets 2013: $314,3032013Assets 2014: $304,035Liabilities 2014: $13,426Net Assets 2014: $290,6092014Assets 2015: $316,655Liabilities 2015: $17,244Net Assets 2015: $299,4112015Assets 2016: $335,267Liabilities 2016: $13,469Net Assets 2016: $321,7982016Assets 2017: $344,660Liabilities 2017: $38,621Net Assets 2017: $306,0392017Assets 2018: $343,819Liabilities 2018: $18,408Net Assets 2018: $325,4112018Assets 2019: $356,019Liabilities 2019: $10,251Net Assets 2019: $345,7682019Assets 2020: $365,060Liabilities 2020: $24,133Net Assets 2020: $340,9272020Assets 2021: $399,486Liabilities 2021: $170,350Net Assets 2021: $229,1362021Assets 2022: $377,276Liabilities 2022: $176,363Net Assets 2022: $200,9132022Assets 2023: $372,581Liabilities 2023: $167,673Net Assets 2023: $204,9082023Assets 2024: $325,116Liabilities 2024: $132,514Net Assets 2024: $192,6022024Assets 2025: $341,278Liabilities 2025: $145,900Net Assets 2025: $195,3782025

Highlighted filing

2015

Assets$316,655
Liabilities$17,244
Net Assets$299,411
Open 2015 Filing

Operations Trend

Revenue Growth23rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150K$100K$50K$0-$50KExpenses 2010: $78,0642010Revenue 2011: $125,757Expenses 2011: $104,462Net Income 2011: $21,2952011Expenses 2012: $97,3082012Revenue 2013: $125,077Expenses 2013: $128,613Net Income 2013: -$3,5362013Revenue 2014: $101,269Expenses 2014: $114,798Net Income 2014: -$13,5292014Revenue 2015: $80,275Expenses 2015: $71,796Net Income 2015: $8,4792015Revenue 2016: $99,686Expenses 2016: $53,163Net Income 2016: $46,5232016Revenue 2017: $63,772Expenses 2017: $79,531Net Income 2017: -$15,7592017Revenue 2018: $6,890Expenses 2018: $24,388Net Income 2018: -$17,4982018Revenue 2019: $47,083Expenses 2019: $26,726Net Income 2019: $20,3572019Revenue 2020: $4,576Expenses 2020: $4,844Net Income 2020: -$2682020Revenue 2021: $43,197Expenses 2021: $9,833Net Income 2021: $33,3642021Revenue 2022: $39,774Expenses 2022: $28,664Net Income 2022: $11,1102022Revenue 2023: $23,296Expenses 2023: $41,593Net Income 2023: -$18,2972023Revenue 2024: $15,580Expenses 2024: $41,374Net Income 2024: -$25,7942024Revenue 2025: $23,401Expenses 2025: $35,339Net Income 2025: -$11,9382025

Highlighted filing

2015

Revenue$80,275
Expenses$71,796
Net Income$8,479
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 16, 2016
Return Version
2015v2.0
Gross Receipts
$100,665
Mission and Program Overview

Mission

To enhance learning for all who reside in, or are served by, the isd 719 community

To encourage creativity, innovation, and excellence by raising financial resources to enhance learning for all who reside in, or are served by, the isd 719 community

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$165,022$75,586▼ $89,436
Cash and Non-Interest-Bearing Accounts$40,563$45,944▲ $5,381
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$304,035$316,655▲ $12,620
Other Assets Total$98,450$195,125▲ $96,675
Liabilities
Grants Payable-$10,748-
Other Liabilities$13,365$6,496▼ $6,869
Accounts Payable and Accrued Expenses$61--
Total Liabilities$13,426$17,244▲ $3,818
Net Assets / Fund Balance
Unrestricted Net Assets$290,609$186,556▼ $104,053
Permanently Rstr Net Assets-$112,855-
Total Net Assets Fund Balance$290,609$299,411▲ $8,802
Total Liabilities and Net Assets / Fund Balance$304,035$316,655▲ $12,620

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$97,455--
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Lori FrankPresident
Mallory StollVice President
Amy WeimerskirchBoard Member
Cory Goracke-postleBoard Member
Dee Dee FrancisBoard Member
Kim ChurchillBoard Member
Leanne WeyrauchBoard Member
Marci HocevarBoard Member
Sasha KuznetsovBoard Member
Tim BellSecretary
Steven ManganTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$72,698
Program Service Revenue
$0
Investment Income
$-1,103
Other Revenue
$8,680
All Other Contributions
$72,698
Change in Net Assets
$8,479
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$53,743
Other Expenses$15,159
Total Fundraising Expense$11,043
Salaries, Compensation, and Employee Benefits$2,894
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$37,500--$37,500
Grants to Domestic Orgs$16,243--$16,243
Other Salaries and Wages$540$1,458$698$2,696
Fees for Services Accounting-$2,423-$2,423
Insurance$1,055--$1,055
Office Expenses$43$536$110$689
Fees for Services Other--$314$314
Information Technology--$200$200
Payroll Taxes-$198-$198
Advertising-$25$169$194
Other Expenses$231$106$9,552$106
All Other Expenses-$25-$25
Total Functional Expenses$55,612$5,141$11,043$71,796
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Prior Lake Savage Isd 719Prior Lake, MN-Educational Assistance$14,085
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$22,800
Fundraising Direct Expenses$14,120
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Blue Jeans Ball$18,750$18,750$2,529$16,221
Total Events$18,750$18,750$10,545$8,205
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Vfw Scholarship$6,496
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“A copy of the form 990 is provided to the laker educational foundation board of directors and will be reviewed and approved at the board meeting prior to being filed with the internal revenue service.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Available on the laker educational foundation website.”

Filing and Contact Details

Filer

Filer Name
Laker Educational Foundation
EIN
38-3717510
Phone
9522260063
Address
PO BOX 840, PRIOR LAKE, MN 55372

Signing Officer

Name
Lori Frank
Title
President
Signed
2016-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lori Frank
Formed
2005
Legal Domicile
Mn
Voting Board Members
11
Independent Board Members
11
Employees
1
Volunteers
50

Preparer

Firm
Speiker & Company LTD
Address
PO BOX 130, Prior Lake, MN 55372
Preparer
James J Speiker Ii
Phone
9524406500
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0BLUE JEANS BALL
IRS990/OtherExpensesGrp/Desc1DUES
IRS990/OtherExpensesGrp/Desc2Printing and Publications
IRS990/OtherExpensesGrp/Desc3CHAMBER MEALS
IRS990/OtherExpensesGrp/FundraisingAmt09552
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0370
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1106
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IRS990/OtherExpensesGrp/TotalAmt1370
IRS990/OtherExpensesGrp/TotalAmt2231
IRS990/OtherExpensesGrp/TotalAmt3106
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IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0698
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01458
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0540
IRS990/OtherSalariesAndWagesGrp/TotalAmt02696
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/OwnWebsiteInd0X
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IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0198
IRS990/PayrollTaxesGrp/TotalAmt0198
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0112855
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0LORI FRANK
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IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDING GRANTS AND SCHOLARSHIPS TO INDIVIDUALS AND ORGANIZATIONS WHO EXHIBIT CREATIVITY, INNOVATION, AND EXCELLENCE. DURING 2015, THE LAKER EDUCATIONAL FOUNDATIN EVALUATED GRANT REQUESTS, AWARDING GRANTS TOTALLING $18743. THESE GRANTS FEATURE CREATIVE EFFORTS, THOSE FOUND IN EDUCATIONAL AREAS NOT FUNDED BY OPERATIONAL DOLLARS IN THE SCHOOLS. THESE PROJECTS ARE CAREFULLY DESCRIBED BY OUR TEACHERS, COMPARED AGAINST PROPOSALS AND AWARD FOR EVALUATION CRITERIA.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt019677
IRS990/ProgSrvcAccomActy2Grp/GrantAmt016243
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt016898
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt042493
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IRS990/PYGrantsAndSimilarPaidAmt091682
IRS990/PYInvestmentIncomeAmt02728
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IRS990/PYOtherExpensesAmt012611
IRS990/PYOtherRevenueAmt038076
IRS990/PYRevenuesLessExpensesAmt0-23694
IRS990/PYSalariesCompEmpBnftPaidAmt02698
IRS990/PYTotalExpensesAmt0106991
IRS990/PYTotalRevenueAmt083297
IRS990/QuidProQuoContributionsInd0false
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt08479
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt033000
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0165022
IRS990/SavingsAndTempCashInvstGrp/EOYAmt075586
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt049686
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt036400
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt024104
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt044549
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt045291
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0200030
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02429
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt02487
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt07679
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01938
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt02429
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IRS990ScheduleA/InvestmentIncomeCYPct00.03700
IRS990ScheduleA/InvestmentIncomePYPct00.04010
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IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0207709
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06496
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IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt05566
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt018750
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt018750

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$316,655
Liabilities
$17,244
Net assets
$299,411
Revenue
$80,275
Expenses
$71,796
Net income
$8,479
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.41$1.46$1.95$0.23$0.35$0.12
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.25$1.33$1.93$0.16$0.41$0.26
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.73$1.68$2.05$0.23$0.42$0.18
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.77$1.76$2.01$0.40$0.29$0.11
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.99$1.70$2.29$0.43$0.10$0.33
2020Summary only. Only limited summary data is available for this year.$3.65$0.24$3.41$0.05$0.05$0.00
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.56$0.10$3.46$0.47$0.27$0.20
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.44$0.18$3.25$0.07$0.24$0.17
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.45$0.39$3.06$0.64$0.80$0.16
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.35$0.13$3.22$1.00$0.53$0.47
2015Detailed filing. Detailed filing data is available for this year.$3.17$0.17$2.99$0.80$0.72$0.08
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.04$0.13$2.91$1.01$1.15$0.14
2013Summary only. Only limited summary data is available for this year.$3.27$0.12$3.14$1.25$1.29$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.24$0.06$3.18$0.97
2011Summary only. Only limited summary data is available for this year.$3.00$0.04$2.96$1.26$1.04$0.21
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.80$0.05$2.75$0.78
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • <$500k nonprofits