Civic Intelligence

Laker Educational Foundation

990 • Fiscal year 2021 • EIN 38-3717510

Jul 01, 2020 to Jun 30, 2021 • Filed on May 16, 2022

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

88th percentile

0.43x

Higher debt load relative to assets than 88% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

98th percentile

3.94x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

95th percentile

77%

Higher net margin than 95% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

55th percentile

9.4%

Faster asset growth than 55% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

98th percentile

844%

Faster revenue growth than 98% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$399,486

Up $34,426 (+9.4%) from 2020

Net Assets

Down

$229,136

Down $111,791 (-33%) from 2020

Liabilities

Up

$170,350

Up $146,217 (+606%) from 2020

Revenue

Up

$43,197

Up $38,621 (+844%) from 2020

Expenses

Up

$9,833

Up $4,989 (+103%) from 2020

Net Income

Up

$33,364

Up $33,632 (+12549%) from 2020

Historical Trend

Balance Sheet Trend

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

2021

Assets$399,486
Liabilities$170,350
Net Assets$229,136

Operations Trend

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

2021

Revenue$43,197
Expenses$9,833
Net Income$33,364
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 16, 2022
Return Version
2020v4.0
Gross Receipts
$43,197
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$52,125$93,315▲ $41,190
Cash and Non-Interest-Bearing Accounts$75,963$75,978▲ $15
Pledges and Grants Receivable-$68,249-
Accounts Receivable-$0-
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-
Total Assets$365,060$399,486▲ $34,426
Other Assets Total$236,972$161,944▼ $75,028
Liabilities
Other Liabilities$24,133$170,350▲ $146,217
Total Liabilities$24,133$170,350▲ $146,217
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$340,927$213,736▼ $127,191
Net Assets With Donor Restrictions-$15,400-
Total Net Assets Fund Balance$340,927$229,136▼ $111,791
Total Liabilities and Net Assets / Fund Balance$365,060$399,486▲ $34,426
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joseph BoykinChairman
Keri ThayerChairman
Paul WickChairman
Richie KucinskiPresident
Keri ThayerBoard Member
Jayme AndersonDirector
Kim ChurchillDirector
Tim BellSecretary
Kim TredinnickTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$6,761
Program Service Revenue
$0
Investment Income
$36,436
Other Revenue
$0
All Other Contributions
$6,761
Change in Net Assets
$33,364
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,630
Grants and Similar Amounts Paid$4,400
Total Fundraising Expense$3,529
Salaries, Compensation, and Employee Benefits$803
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,500--$2,500
Grants to Domestic Individuals$1,900--$1,900
Insurance$115$288$747$1,150
Fees for Services Accounting$78$196$509$783
Other Salaries and Wages$75$187$486$748
All Other Expenses$39$97$252$388
Other Expenses$30$75$195$300
Advertising$6$15$39$60
Payroll Taxes$6$14$35$55
Fees for Services Legal$2$4$10$16
Total Functional Expenses$4,945$1,359$3,529$9,833
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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
Fowr$102,288
Scholarships to Be Paid$53,312
Vfw Scholarship$14,500
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 35% controlled entity
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
2022-05-16
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
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IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0486
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0187
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt075
IRS990/OtherSalariesAndWagesGrp/TotalAmt0748
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt035
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt014
IRS990/PayrollTaxesGrp/ProgramServicesAmt06
IRS990/PayrollTaxesGrp/TotalAmt055
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt068249
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/PYContributionsGrantsAmt03781
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt02500
IRS990/PYInvestmentIncomeAmt045
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01909
IRS990/PYOtherRevenueAmt0750
IRS990/PYRevenuesLessExpensesAmt0-268
IRS990/PYSalariesCompEmpBnftPaidAmt0435
IRS990/PYTotalExpensesAmt04844
IRS990/PYTotalRevenueAmt04576
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt033364
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt052125
IRS990/SavingsAndTempCashInvstGrp/EOYAmt093315
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt036420
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt021894
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt010535
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt049797
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt048423
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0167069
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt096
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt098
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0194
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt096
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt098
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0194
IRS990ScheduleA/InvestmentIncomeCYPct00.00120
IRS990ScheduleA/InvestmentIncomePYPct00.00230
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99880
IRS990ScheduleA/PublicSupportPY509Pct00.99770
IRS990ScheduleA/PublicSupportTotal509Amt0167069
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt036420
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt021894
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt010535
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt049797
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt048423
IRS990ScheduleA/Total509Grp/TotalAmt0167069
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt036420
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt021894
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt010535
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt049893
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt048521
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0167263
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0102288
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1250
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt253312
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt314500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0FOWR
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NHS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SCHOLARSHIPS TO BE PAID
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3VFW SCHOLARSHIP
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0161944
IRS990ScheduleD/TotalLiabilityAmt0170350
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/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0365060
IRS990/TotalAssetsEOYAmt0399486
IRS990/TotalAssetsGrp/BOYAmt0365060
IRS990/TotalAssetsGrp/EOYAmt0399486
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt06761
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt03529
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01359
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04945
IRS990/TotalFunctionalExpensesGrp/TotalAmt09833
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt024133
IRS990/TotalLiabilitiesEOYAmt0170350
IRS990/TotalLiabilitiesGrp/BOYAmt024133
IRS990/TotalLiabilitiesGrp/EOYAmt0170350
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0340927
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0229136
IRS990/TotalProgramServiceExpensesAmt04945
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt036436
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt043197
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0365060

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Filings

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
2021Detailed filing. Detailed filing data is available for this year.$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
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