Civic Intelligence

Laker Educational Foundation

990 • Fiscal year 2018 • EIN 38-3717510

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 15, 2019

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

74th percentile

0.05x

Higher debt load relative to assets than 74% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

98th percentile

2.67x

Higher debt load relative to revenue than 98% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

3rd percentile

-254%

Higher net margin than 3% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

45th percentile

-0.2%

Faster asset growth than 45% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

3rd percentile

-89%

Faster revenue growth than 3% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets74th percentile

Assets

Down

$343,819

Down $841 (-0.2%) from 2017

Net Assets

Up

$325,411

Up $19,372 (+6.3%) from 2017

Liabilities

Down

$18,408

Down $20,213 (-52%) from 2017

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin3rd percentile

Revenue

Down

$6,890

Down $56,882 (-89%) from 2017

Expenses

Down

$24,388

Down $55,143 (-69%) from 2017

Net Income

Down

-$17,498

Down $1,739 (-11%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth45th 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

2018

Assets$343,819
Liabilities$18,408
Net Assets$325,411
Open 2018 Filing

Operations Trend

Revenue Growth3rd 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

2018

Revenue$6,890
Expenses$24,388
Net Income-$17,498
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$6,999
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
Cash and Non-Interest-Bearing Accounts$75,734$75,777▲ $43
Savings and Temporary Cash Investments$45,556$47,670▲ $2,114
Pledges and Grants Receivable-$500-
Other Notes and Loans Receivable, Net-$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-$0-
Accounts Receivable-$-500-
Total Assets$344,660$343,819▼ $841
Other Assets Total$223,370$220,372▼ $2,998
Liabilities
Other Liabilities$6,000$12,250▲ $6,250
Accounts Payable and Accrued Expenses$27,115$6,158▼ $20,957
Grants Payable$5,506--
Total Liabilities$38,621$18,408▼ $20,213
Net Assets / Fund Balance
Unrestricted Net Assets$306,039$325,411▲ $19,372
Total Net Assets Fund Balance$306,039$325,411▲ $19,372
Total Liabilities and Net Assets / Fund Balance$344,660$343,819▼ $841
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Adam TlustyVice Chair
Keri ThayerBoard Member
Jayme AndersonDirector
Kim ChurchillDirector
Richie KucinskiDirector
Tim BellSecretary
Kim TredinnickTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$12,214
Program Service Revenue
$0
Investment Income
$-8,165
Other Revenue
$2,841
All Other Contributions
$10,228
Change in Net Assets
$-17,498
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$10,535
Total Fundraising Expense$9,002
Salaries, Compensation, and Employee Benefits$8,875
Other Expenses$4,978
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$840$2,099$5,456$8,395
Grants to Domestic Individuals$7,979--$7,979
Grants to Domestic Orgs$2,556--$2,556
Insurance$111$279$724$1,114
Advertising$100$250$650$1,000
Fees for Services Accounting$64$161$419$644
Payroll Taxes$48$120$312$480
Office Expenses$43$108$282$433
Information Technology$25$63$162$250
All Other Expenses$17$44$112$173
Other Expenses$16$39$101$156
Fees for Services Legal$3$6$16$25
Total Functional Expenses$11,921$3,465$9,002$24,388
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$2,950
Fundraising Direct Expenses$109
Professional Fundraising Fees$0
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$9,000
Anna Bird$3,000
Nhs$250
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
Kim Tredinnick
Title
Treasurer
Signed
2019-11-15
Discuss with paid preparer
Yes

Organization Details

Formed
2005
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
9
Employees
1
Volunteers
50

Preparer

Firm
Speiker & Company LTD
Address
PO BOX 130, Prior Lake, MN 55372
Preparer
James J Speiker Ii
Phone
9524406500
Raw XML AppendixShowing 400 of 458 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt027115
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt06158
IRS990/AccountsReceivableGrp/EOYAmt0-500
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO 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
IRS990/AdvertisingGrp/FundraisingAmt0650
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0250
IRS990/AdvertisingGrp/ProgramServicesAmt0100
IRS990/AdvertisingGrp/TotalAmt01000
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherContributionsAmt010228
IRS990/AllOtherExpensesGrp/FundraisingAmt0112
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt044
IRS990/AllOtherExpensesGrp/ProgramServicesAmt017
IRS990/AllOtherExpensesGrp/TotalAmt0173
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0LORI FRANK
IRS990/BooksInCareOfDetail/PhoneNum09522260063
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 840
IRS990/BooksInCareOfDetail/USAddress/CityNm0PRIOR LAKE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055372
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt075734
IRS990/CashNonInterestBearingGrp/EOYAmt075777
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt012214
IRS990/CYGrantsAndSimilarPaidAmt010535
IRS990/CYInvestmentIncomeAmt0-8165
IRS990/CYOtherExpensesAmt04978
IRS990/CYOtherRevenueAmt02841
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-17498
IRS990/CYSalariesCompEmpBnftPaidAmt08875
IRS990/CYTotalExpensesAmt024388
IRS990/CYTotalFundraisingExpenseAmt09002
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt06890
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/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/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt01
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExpenseAmt011921
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/FundraisingAmt0419
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt0161
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt064
IRS990/FeesForServicesAccountingGrp/TotalAmt0644
IRS990/FeesForServicesLegalGrp/FundraisingAmt016
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt06
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt03
IRS990/FeesForServicesLegalGrp/TotalAmt025
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt04.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt14.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt24.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt34.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt44.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt54.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt64.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0ADAM TLUSTY
IRS990/Form990PartVIISectionAGrp/PersonNm1KIM TREDINNICK
IRS990/Form990PartVIISectionAGrp/PersonNm2TIM BELL
IRS990/Form990PartVIISectionAGrp/PersonNm3JAYME ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm4KERI THAYER
IRS990/Form990PartVIISectionAGrp/PersonNm5KIM CHURCHILL
IRS990/Form990PartVIISectionAGrp/PersonNm6RICHIE KUCINSKI
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0false
IRS990/FormationYr02005
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingDirectExpensesAmt0109
IRS990/FundraisingGrossIncomeAmt02950
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsPayableGrp/BOYAmt05506
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt07979
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt07979
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt02556
IRS990/GrantsToDomesticOrgsGrp/TotalAmt02556
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt06999
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt0162
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt063
IRS990/InformationTechnologyGrp/ProgramServicesAmt025
IRS990/InformationTechnologyGrp/TotalAmt0250
IRS990/InsuranceGrp/FundraisingAmt0724
IRS990/InsuranceGrp/ManagementAndGeneralAmt0279
IRS990/InsuranceGrp/ProgramServicesAmt0111
IRS990/InsuranceGrp/TotalAmt01114
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0-8208
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt043
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0-8165
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0MN
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt01986
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO ENHANCE LEARNING FOR ALL WHO RESIDE IN, OR ARE SERVED BY, THE ISD 719 COMMUNITY
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0306039
IRS990/NetAssetsOrFundBalancesEOYAmt0325411
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt02841
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt02841
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt036870
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/FundraisingAmt0282
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0108
IRS990/OfficeExpensesGrp/ProgramServicesAmt043
IRS990/OfficeExpensesGrp/TotalAmt0433
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt0223370
IRS990/OtherAssetsTotalGrp/EOYAmt0220372
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0FILING FEE
IRS990/OtherExpensesGrp/Desc1CHAMBER EXPENSE
IRS990/OtherExpensesGrp/Desc2DUES
IRS990/OtherExpensesGrp/Desc3Postage and Shipping
IRS990/OtherExpensesGrp/FundraisingAmt0357
IRS990/OtherExpensesGrp/FundraisingAmt1230
IRS990/OtherExpensesGrp/FundraisingAmt2181
IRS990/OtherExpensesGrp/FundraisingAmt3101
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0138
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt189
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt269
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt339
IRS990/OtherExpensesGrp/ProgramServicesAmt055
IRS990/OtherExpensesGrp/ProgramServicesAmt136
IRS990/OtherExpensesGrp/ProgramServicesAmt228
IRS990/OtherExpensesGrp/ProgramServicesAmt316
IRS990/OtherExpensesGrp/TotalAmt0550
IRS990/OtherExpensesGrp/TotalAmt1355
IRS990/OtherExpensesGrp/TotalAmt2278
IRS990/OtherExpensesGrp/TotalAmt3156
IRS990/OtherLiabilitiesGrp/BOYAmt06000
IRS990/OtherLiabilitiesGrp/EOYAmt012250
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt05456
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt02099
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0840
IRS990/OtherSalariesAndWagesGrp/TotalAmt08395
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0312
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0120
IRS990/PayrollTaxesGrp/ProgramServicesAmt048
IRS990/PayrollTaxesGrp/TotalAmt0480
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0500
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0THE LAKER EDUCATIONAL FOUNDATION HOLDS AND THEN DISTRIBUTES FUNDS ON BEHALF OF THE PRIOR LAKE HIGH SCHOOL GUIDANCE OFFICE. THE PLHS GUIDANCE OFFICE HAS A NUMBER OF DEDICATED SCHOLARSHIPS; THEY RAISE THE FUNDS AND DETERMINE THE RECIPIENTS.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt073614
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt063772
IRS990/PYInvestmentIncomeAmt0367
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt04391
IRS990/PYOtherRevenueAmt0-10209
IRS990/PYRevenuesLessExpensesAmt0-15759
IRS990/PYSalariesCompEmpBnftPaidAmt011368
IRS990/PYTotalExpensesAmt079531
IRS990/PYTotalRevenueAmt063772
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-17498
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt045556
IRS990/SavingsAndTempCashInvstGrp/EOYAmt047670
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt010535
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt049797
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt048423
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt049686
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt036400
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0194841
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt096
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt098
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0213
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0612
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01019
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt096
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt098
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0213
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0612
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01019
IRS990ScheduleA/InvestmentIncomeCYPct00.00520
IRS990ScheduleA/InvestmentIncomePYPct00.01400
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99480
IRS990ScheduleA/PublicSupportPY509Pct00.98600
IRS990ScheduleA/PublicSupportTotal509Amt0194841
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt010535
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt049797
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt048423
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt049686
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt036400
IRS990ScheduleA/Total509Grp/TotalAmt0194841
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt010535
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt049893
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt048521
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt049899
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt037012
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0195860
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1250
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt29000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ANNA BIRD
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NHS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2VFW SCHOLARSHIP
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0220372
IRS990ScheduleD/TotalLiabilityAmt012250
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt07979
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0HIGHER EDUCATION SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt055
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0PT 1, LINE 2GRANTEE MUST REPORT TO THE LAKER EDUCATIONAL FOUNDATION THEIR SPENDING STATUS TWO MONTHS AFTER GRANT IS AWARDED. WITHIN SIX MONTHS, GRANTEE SHALL REPORT SPENDING STATUS, PROJECT RESULTS AND CORRESPONDING EFFECTVIVENESS. A GRANT COMMITTEE MEMBER AND THE FOUNDATION ADMINISTRATIVE COORDINATOR REVIEWS THE ORIGINAL INTENT AND PROJECT UPDATE REPORTS. GRANT FUNDS EXPIRE TWELVE MONTHS AFTER AWARD IF NOT UTILIZED FOR REQUESTED PROJECT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AVAILABLE ON THE LAKER EDUCATIONAL FOUNDATION WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0344660
IRS990/TotalAssetsEOYAmt0343819
IRS990/TotalAssetsGrp/BOYAmt0344660
IRS990/TotalAssetsGrp/EOYAmt0343819
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt012214
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt09002

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$343,819
Liabilities
$18,408
Net assets
$325,411
Revenue
$6,890
Expenses
$24,388
Net income
-$17,498
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
2018Detailed filing. Detailed filing data is available for this year.$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
2015Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$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