Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
Lake Conference
EIN 41-1433319 • 501(c)3 • Loretto, MN
Profile
The lake conference is a group of seven high schools providing competition and special events in the areas of academics, arts, activities and athletics. Students participate in these events and are awarded medals, trophies, plaques, certificates and ribbons. Examples of these events are cheerleading, dance teams, concert bands, quiz bowl, several one day athletic events and leadership workshops for students.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
No value available
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.
Net Margin
41st percentile
Higher net margin than 41% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
26th percentile
Faster asset growth than 26% of similar nonprofits.
Revenue Growth
68th percentile
Faster revenue growth than 68% of similar nonprofits.
Balance Sheet
Assets
Down$2,394
Down $1,049 (-30%) from 2024
Liabilities
-
No earlier filing loaded for comparison.
Net Assets
Down$2,394
Down $1,049 (-30%) from 2024
Revenue
Up$59,245
Up $7,782 (+15%) from 2024
Expenses
Down$60,294
Down $4,777 (-7.3%) from 2024
Net Income
Up-$1,049
Up $12,559 (+92%) from 2024
Trend Graphs
Filings
Most recent year
2025 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $2,394
- Liabilities
- -
- Net assets
- $2,394
- Revenue
- $59,245
- Expenses
- $60,294
- Net income
- -$1,049
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2024 to Jun 30, 2025
- Signed
- Jan 2, 2026
- Return Version
- 2024v5.0
- Gross Receipts
- $59,245
Mission and Program Overview
Mission
The lake conference is a group of seven high schools providing competition and special events in the areas of academics, arts, activities and athletics. Students participate in these events and are awarded medals, trophies, plaques, certificates and ribbons. Examples of these events are cheerleading, dance teams, concert bands, quiz bowl, several one day athletic events and leadership workshops for students.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| THE LAKE CONFERENCE PRIDES ITSELF ON BEING ONE OF THE PREMIER HIGH SCHOOL CONFERENCES IN THE STATE OF MINNESOTA. CURRENTLY MEMBER SCHOOLS FIELD A FULL COMPLEMENT OF 36 INTERSCHOLASTIC SPORTS AND 22 FINE ARTS ACTIVITIES. | - | $44,861 |
| THE LAKE CONFERENCE PRIDES ITSELF ON BEING ONE OF THE PREMIER HIGH SCHOOL CONFERENCES IN THE STATE OF MINNESOTA. CURRENTLY MEMBER SCHOOLS FIELD A FULL COMPLEMENT OF 36 INTERSCHOLASTIC SPORTS AND 22 FINE ARTS ACTIVITIES. | - | $14,619 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| JAMIE SHERWOOD | Executive Se | - | $0 | - | - |
| P PAETZEL - EDINA HS | Director | - | $0 | - | - |
| C BALLARD- HOPKINS HS | Director | - | $0 | - | - |
| J ERICKSON - MINNETONKA HS | Director | - | $0 | - | - |
| S GENGLER - WAYZATA HS | Director | - | $0 | - | - |
| - | Director | - | $0 | - | - |
| M MISCHKE - BUFFALO HS | Director | - | $0 | - | - |
| J REEVES - ST MICHAEL ALBERTVILLE H | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Lake Conference
- EIN
- 41-1433319
- Phone
- 6123285688
- Address
- 6355 HARFF ROAD, LORETTO, MN 55357
Signing Officer
- Name
- Jamie Sherwood
- Title
- Executive Secretary
- Phone
- 6123285688
- Signed
- 2026-01-02
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Bennett & Company Pc
- Address
- 3459 WASHINGTON DR STE 204, EAGAN, MN 55122
- Preparer
- Allan G Quist CPA
- Phone
- 6516888604
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 8
“Py balance forwarded to bal 3,443 total 3,443”
Form 990-ez, Part I, Line 16
“Lake conference track conference track exp 14,619 expenses graphic designer 1,450 office supplies 214 telephone expense 600 misc adjustment -415 lake conference network 1,500 awards 14,500 arts and activities 6,421 leadership training exp 2,260 meeting expense 820 mileage expense 325 total 42,294”
Form 990-ez, Part III
“The lake conference is a group of seven high schools providing competition and special events in the areas of academics, arts, activities and athletics. Students participate in these events and are awarded medals, trophies, plaques, certificates and ribbons. Examples of these events are cheerleading, dance teams, concert bands, quiz bowl, several one day athletic events and leadership workshops for students.”
Form 990-ez, Part III, Line 31
“The lake conference prides itself on being one of the premier high school conferences in the state of minnesota. Currently member schools field a full complement of 36 interscholastic sports and 22 fine arts activities.”
Raw XML Appendix161 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.
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| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | LORETTO |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MN |
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| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -1049 |
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| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
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| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MembershipDuesAmt | 0 | 49000 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 3443 |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 7 | 0 |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | M MISCHKE - BUFFALO HS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | J REEVES - ST MICHAEL ALBERTVILLE H |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | EXECUTIVE SE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 7 | DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 42294 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 3443 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE LAKE CONFERENCE IS A GROUP OF SEVEN HIGH SCHOOLS PROVIDING COMPETITION AND SPECIAL EVENTS IN THE AREAS OF ACADEMICS, ARTS, ACTIVITIES AND ATHLETICS. STUDENTS PARTICIPATE IN THESE EVENTS AND ARE AWARDED MEDALS, TROPHIES, PLAQUES, CERTIFICATES AND RIBBONS. EXAMPLES OF THESE EVENTS ARE CHEERLEADING, DANCE TEAMS, CONCERT BANDS, QUIZ BOWL, SEVERAL ONE DAY ATHLETIC EVENTS AND LEADERSHIP WORKSHOPS FOR STUDENTS. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 3302 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | THE LAKE CONFERENCE PRIDES ITSELF ON BEING ONE OF THE PREMIER HIGH SCHOOL CONFERENCES IN THE STATE OF MINNESOTA. CURRENTLY MEMBER SCHOOLS FIELD A FULL COMPLEMENT OF 36 INTERSCHOLASTIC SPORTS AND 22 FINE ARTS ACTIVITIES. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | THE LAKE CONFERENCE PRIDES ITSELF ON BEING ONE OF THE PREMIER HIGH SCHOOL CONFERENCES IN THE STATE OF MINNESOTA. CURRENTLY MEMBER SCHOOLS FIELD A FULL COMPLEMENT OF 36 INTERSCHOLASTIC SPORTS AND 22 FINE ARTS ACTIVITIES. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 44861 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 1 | 14619 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 18000 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 60294 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 59480 |
| IRS990EZ/TotalRevenueAmt | 0 | 59245 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationAssocInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.LAKECONFERENCE.ORG |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 3500 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 45950 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 40000 |
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| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 166450 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 55745 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 5513 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 21698 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt | 0 | 15515 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt | 0 | 20956 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 119427 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.00000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 285877 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 59245 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 51463 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 61698 |
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| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 62956 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 285877 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 59245 |
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| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 62956 |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | PY BALANCE FORWARDED TO BAL 3,443 TOTAL 3,443 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | LAKE CONFERENCE TRACK CONFERENCE TRACK EXP 14,619 EXPENSES GRAPHIC DESIGNER 1,450 OFFICE SUPPLIES 214 TELEPHONE EXPENSE 600 MISC ADJUSTMENT -415 LAKE CONFERENCE NETWORK 1,500 AWARDS 14,500 ARTS AND ACTIVITIES 6,421 LEADERSHIP TRAINING EXP 2,260 MEETING EXPENSE 820 MILEAGE EXPENSE 325 TOTAL 42,294 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE LAKE CONFERENCE IS A GROUP OF SEVEN HIGH SCHOOLS PROVIDING COMPETITION AND SPECIAL EVENTS IN THE AREAS OF ACADEMICS, ARTS, ACTIVITIES AND ATHLETICS. STUDENTS PARTICIPATE IN THESE EVENTS AND ARE AWARDED MEDALS, TROPHIES, PLAQUES, CERTIFICATES AND RIBBONS. EXAMPLES OF THESE EVENTS ARE CHEERLEADING, DANCE TEAMS, CONCERT BANDS, QUIZ BOWL, SEVERAL ONE DAY ATHLETIC EVENTS AND LEADERSHIP WORKSHOPS FOR STUDENTS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE LAKE CONFERENCE PRIDES ITSELF ON BEING ONE OF THE PREMIER HIGH SCHOOL CONFERENCES IN THE STATE OF MINNESOTA. CURRENTLY MEMBER SCHOOLS FIELD A FULL COMPLEMENT OF 36 INTERSCHOLASTIC SPORTS AND 22 FINE ARTS ACTIVITIES. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 8 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III, LINE 31 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JAMIE SHERWOOD |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | EXECUTIVE SECRETARY |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6123285688 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2026-01-02 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | LAKE CONFERENCE |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LAKE |
| ReturnHeader/Filer/EIN | 0 | 411433319 |
| ReturnHeader/Filer/PhoneNum | 0 | 6123285688 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 6355 HARFF ROAD |
| ReturnHeader/Filer/USAddress/CityNm | 0 | LORETTO |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MN |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 55357 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | false |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 873209470 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | BENNETT & COMPANY PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 3459 WASHINGTON DR STE 204 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | EAGAN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 55122 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6516888604 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2026-01-16 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | ALLAN G QUIST CPA |
| ReturnHeader/ReturnTs | 0 | 2026-01-16T15:52:38-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2025-06-30 |
| ReturnHeader/TaxYr | 0 | 2024 |
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