Civic Intelligence

Lake Area Technical Institute Alumni Association

990EZ • Fiscal year 2018 • EIN 46-0381673

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 01, 2018

Organization ProfileWWW.LAKEAREATECH.EDU
230 11th Street NE PO Box 730Watertown, SD 57201-0730

(605) 882-5284

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2018

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2018

Net Margin

97th percentile

80%

Higher net margin than 97% 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

85th percentile

52%

Faster asset growth than 85% of similar nonprofits.

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

Revenue Growth

53rd percentile

2.8%

Faster revenue growth than 53% of similar nonprofits.

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

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$184,996

Up $63,521 (+52%) from 2017

Net Assets

Up

$184,996

Up $63,521 (+52%) from 2017

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin97th percentile

Revenue

Up

$76,039

Up $2,052 (+2.8%) from 2017

Expenses

Down

$15,288

Down $25,913 (-63%) from 2017

Net Income

Up

$60,751

Up $27,965 (+85%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth85th percentile

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

$600K$400K$200K$0Assets 2011: $51,980Net Assets 2011: $51,9802011Assets 2012: $50,459Net Assets 2012: $50,4592012Assets 2013: $68,273Net Assets 2013: $68,2732013Assets 2014: $66,352Net Assets 2014: $66,3522014Assets 2015: $81,154Net Assets 2015: $81,1542015Assets 2016: $84,015Net Assets 2016: $84,0152016Assets 2017: $121,475Net Assets 2017: $121,4752017Assets 2018: $184,996Net Assets 2018: $184,9962018Assets 2019: $233,429Net Assets 2019: $233,4292019Assets 2020: $263,018Net Assets 2020: $263,0182020Assets 2021: $340,725Net Assets 2021: $340,7252021Assets 2022: $380,875Net Assets 2022: $380,8752022Assets 2023: $361,114Net Assets 2023: $361,1142023Assets 2024: $393,542Liabilities 2024: $0Net Assets 2024: $393,5422024Assets 2025: $442,555Liabilities 2025: $22,502Net Assets 2025: $420,0532025

Highlighted filing

2018

Assets$184,996
Liabilities-
Net Assets$184,996
Open 2018 Filing

Operations Trend

Revenue Growth53rd percentile

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

$150K$100K$50K$0-$50KRevenue 2011: $32,951Expenses 2011: $37,165Net Income 2011: -$4,2142011Revenue 2012: $40,349Expenses 2012: $41,871Net Income 2012: -$1,5222012Revenue 2013: $44,893Expenses 2013: $27,078Net Income 2013: $17,8152013Revenue 2014: $27,297Expenses 2014: $30,944Net Income 2014: -$3,6472014Revenue 2015: $53,896Expenses 2015: $37,528Net Income 2015: $16,3682015Revenue 2016: $44,386Expenses 2016: $41,195Net Income 2016: $3,1912016Revenue 2017: $73,987Expenses 2017: $41,201Net Income 2017: $32,7862017Revenue 2018: $76,039Expenses 2018: $15,288Net Income 2018: $60,7512018Revenue 2019: $83,898Expenses 2019: $37,157Net Income 2019: $46,7412019Revenue 2020: $81,033Expenses 2020: $49,953Net Income 2020: $31,0802020Revenue 2021: $87,268Expenses 2021: $36,478Net Income 2021: $50,7902021Revenue 2022: $79,131Expenses 2022: $15,887Net Income 2022: $63,2442022Revenue 2023: $86,436Expenses 2023: $115,248Net Income 2023: -$28,8122023Revenue 2024: $77,147Expenses 2024: $54,730Net Income 2024: $22,4172024Revenue 2025: $103,441Expenses 2025: $90,296Net Income 2025: $13,1452025

Highlighted filing

2018

Revenue$76,039
Expenses$15,288
Net Income$60,751
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 1, 2018
Return Version
2017v2.3
Gross Receipts
$86,158
Mission and Program Overview

Mission

To encourage a spirit of loyalty, fellowship and unity among the students, graduates, faculty, administration, and friends of the lake area technical institute (educational institution) and to direct an organized cooperative effort for the advancement, development, and achievement of lake area technical institute.

Program Services

DescriptionGrantsExpenses
PROVIDE FOR ADVANCEMENT, DEVELOPMENT, AND ACHIEVEMENT OF LAKE AREA TECHNICAL INSTITUTE (EDUCATIONAL INSTITUTION), PRIMARILY THROUGH PUBLICATIONS AND SCHOLARSHIPS.-$12,257
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
SHANE THORSTENSONPresident-$0--
GARY FELLBAUMDirector-$0--
SHAWNA CONRADDirector-$0--
DEREK MILLERDirector-$0--
CORY GEFFREDirector-$0--
ADAM FISCHBACHDirector-$0--
HEIDI BOOMSMADirector-$0--
RUSS MEUERDirector-$0--
TROY ZEBROSKIDirector-$0--
MORGAN JOHNSONDevelopment-$0--
Filing and Contact Details

Filer

Filer Name
Lake Area Technical Institute
EIN
46-0381673
Phone
6058825284
Address
230 11TH STREET NE PO BOX 730, WATERTOWN, SD 57201-0730

Signing Officer

Name
Morgan Johnson
Title
Development Officer
Phone
6058825284
Signed
2018-11-01
Discuss with paid preparer
Yes

Preparer

Firm
Vrs Pc
Address
PO BOX 1267, WATERTOWN, SD 57201-6267
Preparer
Tanner Heiser
Phone
6058868425
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses insurance 375 board of director meeting 387 miscellaneous 1,636 total 2,398”

Form 990-ez, Part I, Line 20

“UNREALIZED GAIN 2,770”

Form 990-ez, Part III

“To encourage a spirit of loyalty, fellowship and unity among the students, graduates, faculty, administration, and friends of the lake area technical institute (educational institution) and to direct an organized cooperative effort for the advancement, development, and achievement of lake area technical institute.”

Raw XML Appendix172 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
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0SHANE THORSTENSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1GARY FELLBAUM
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5ADAM FISCHBACH
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm9MORGAN JOHNSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7DIRECTOR
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IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherChangesInNetAssetsAmt02770
IRS990EZ/OtherExpensesTotalAmt02398
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IRS990EZ/PrintingPublicationsPostageAmt012257
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt012257
IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/SaleOfAssetsGrossAmt05312
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IRS990EZ/TypeOfOrganizationCorpInd0X
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt08716
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01860
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt056745
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IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt014202
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES INSURANCE 375 BOARD OF DIRECTOR MEETING 387 MISCELLANEOUS 1,636 TOTAL 2,398
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UNREALIZED GAIN 2,770
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TO ENCOURAGE A SPIRIT OF LOYALTY, FELLOWSHIP AND UNITY AMONG THE STUDENTS, GRADUATES, FACULTY, ADMINISTRATION, AND FRIENDS OF THE LAKE AREA TECHNICAL INSTITUTE (EDUCATIONAL INSTITUTION) AND TO DIRECT AN ORGANIZED COOPERATIVE EFFORT FOR THE ADVANCEMENT, DEVELOPMENT, AND ACHIEVEMENT OF LAKE AREA TECHNICAL INSTITUTE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
ReturnHeader/BuildTS02019-02-21 02:37:17Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-01
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ReturnHeader/FilingSecurityInformation/IPTm014:50:55
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ReturnHeader/PreparerPersonGrp/PhoneNum06058868425
ReturnHeader/PreparerPersonGrp/PreparationDt02018-11-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TANNER HEISER
ReturnHeader/ReturnTs02018-11-05T14:50:55-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$184,996
Liabilities
-
Net assets
$184,996
Revenue
$76,039
Expenses
$15,288
Net income
$60,751
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.43$0.23$4.20$1.03$0.90$0.13
2024Detailed filing. Detailed filing data is available for this year.$3.94$0.00$3.94$0.77$0.55$0.22
2023Detailed filing. Detailed filing data is available for this year.$3.61$3.61$0.86$1.15$0.29
2022Detailed filing. Detailed filing data is available for this year.$3.81$3.81$0.79$0.16$0.63
2021Detailed filing. Detailed filing data is available for this year.$3.41$3.41$0.87$0.36$0.51
2020Detailed filing. Detailed filing data is available for this year.$2.63$2.63$0.81$0.50$0.31
2019Detailed filing. Detailed filing data is available for this year.$2.33$2.33$0.84$0.37$0.47
2018Detailed filing. Detailed filing data is available for this year.$1.85$1.85$0.76$0.15$0.61
2017Detailed filing. Detailed filing data is available for this year.$1.21$1.21$0.74$0.41$0.33
2016Detailed filing. Detailed filing data is available for this year.$0.84$0.84$0.44$0.41$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.81$0.81$0.54$0.38$0.16
2014Detailed filing. Detailed filing data is available for this year.$0.66$0.66$0.27$0.31$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.68$0.68$0.45$0.27$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.50$0.40$0.42$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.52$0.33$0.37$0.04