Civic Intelligence

Lake Preston Development

EIN 51-0199304 • 501(c)4 • Lake Preston, SD

Profile

To promote, assist, encourage, and develop the business and economic prosperity of lake preston, sd, and the surrounding area. To encourage new industry to rehabilitate existing industries, and to promote the agricultural and recreational development of lake preston, sd, and surrounding areas.

PO Box 215Lake Preston, SD 57249

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

40th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)4 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

41st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)4 • $500k-$1M nonprofits • Source year 2024

Net Margin

1st percentile

-1807%

Higher net margin than 1% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

501(c)4 • $500k-$1M nonprofits • Source year 2018

Asset Growth

9th percentile

-18%

Faster asset growth than 9% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

1st percentile

-95%

Faster revenue growth than 1% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets40th percentile

Assets

Down

$568,095

Down $124,798 (-18%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$568,095

Down $124,798 (-18%) from 2023

Operations
Liabilities / Revenue41st percentileNet Margin1st percentile

Revenue

Down

$6,907

Down $122,746 (-95%) from 2023

Expenses

Up

$131,705

Up $128,495 (+4003%) from 2023

Net Income

Down

-$124,798

Down $251,241 (-199%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth9th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2011: $246,098Liabilities 2011: $02011Assets 2012: $257,575Liabilities 2012: $02012Assets 2013: $272,554Liabilities 2013: $02013Assets 2014: $276,982Liabilities 2014: $02014Assets 2015: $299,576Liabilities 2015: $02015Assets 2017: $387,641Liabilities 2017: $59,100Net Assets 2017: $328,5412017Assets 2018: $381,677Liabilities 2018: $59,100Net Assets 2018: $322,5772018Assets 2020: $376,158Net Assets 2020: $376,1582020Assets 2021: $342,436Net Assets 2021: $342,4362021Assets 2022: $444,476Liabilities 2022: $0Net Assets 2022: $444,4762022Assets 2023: $692,893Liabilities 2023: $0Net Assets 2023: $692,8932023Assets 2024: $568,095Liabilities 2024: $0Net Assets 2024: $568,0952024

Highlighted filing

2024

Assets$568,095
Liabilities$0
Net Assets$568,095
Open 2024 Filing

Operations Trend

Revenue Growth1st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200KRevenue 2011: $16,005Expenses 2011: $6,645Net Income 2011: $9,3602011Revenue 2012: $26,745Expenses 2012: $15,268Net Income 2012: $11,4772012Revenue 2013: $19,789Expenses 2013: $4,810Net Income 2013: $14,9792013Revenue 2014: $18,732Expenses 2014: $14,304Net Income 2014: $4,4282014Revenue 2015: $29,985Expenses 2015: $7,391Net Income 2015: $22,5942015Revenue 2017: $26,689Expenses 2017: $15,180Net Income 2017: $11,5092017Revenue 2018: $47,842Expenses 2018: $53,806Net Income 2018: -$5,9642018Revenue 2020: $41,410Expenses 2020: $10,735Net Income 2020: $30,6752020Revenue 2021: $51,204Expenses 2021: $84,926Net Income 2021: -$33,7222021Revenue 2022: $293,316Expenses 2022: $92,878Net Income 2022: $200,4382022Revenue 2023: $129,653Expenses 2023: $3,210Net Income 2023: $126,4432023Revenue 2024: $6,907Expenses 2024: $131,705Net Income 2024: -$124,7982024

Highlighted filing

2024

Revenue$6,907
Expenses$131,705
Net Income-$124,798
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$568,095
Liabilities
$0
Net assets
$568,095
Revenue
$6,907
Expenses
$131,705
Net income
-$124,798
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.68$0.00$5.68$0.07$1.32$1.25
2023Detailed filing. Detailed filing data is available for this year.$6.93$0.00$6.93$1.30$0.03$1.26
2022Detailed filing. Detailed filing data is available for this year.$4.44$0.00$4.44$2.93$0.93$2.00
2021Detailed filing. Detailed filing data is available for this year.$3.42$3.42$0.51$0.85$0.34
2020Detailed filing. Detailed filing data is available for this year.$3.76$3.76$0.41$0.11$0.31
2018Detailed filing. Detailed filing data is available for this year.$3.82$0.59$3.23$0.48$0.54$0.06
2017Detailed filing. Detailed filing data is available for this year.$3.88$0.59$3.29$0.27$0.15$0.12
2015Summary only. Only limited summary data is available for this year.$3.00$0.00$0.30$0.07$0.23
2014Summary only. Only limited summary data is available for this year.$2.77$0.00$0.19$0.14$0.04
2013Summary only. Only limited summary data is available for this year.$2.73$0.00$0.20$0.05$0.15
2012Summary only. Only limited summary data is available for this year.$2.58$0.00$0.27$0.15$0.11
2011Summary only. Only limited summary data is available for this year.$2.46$0.00$0.16$0.07$0.09
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 3, 2025
Return Version
2024v5.0
Gross Receipts
$6,907
Mission and Program Overview

Mission

To promote assist encourage and develope the business and economic prosperity of Lake Preston SD and the surrounding area. To encourage new industry to rehabilitate existing industries and to promote the agricUltural and recreational development of Lake Preston and surrounding areas.

To promote, assist, encourage, and develop the business and economic prosperity of lake preston, sd, and the surrounding area. To encourage new industry to rehabilitate existing industries, and to promote the agricultural and recreational development of lake preston, sd, and surrounding areas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$330,600$378,441▲ $47,841
Cash and Non-Interest-Bearing Accounts$289,811$120,064▼ $169,747
Savings and Temporary Cash Investments$55,856$57,062▲ $1,206
Other Notes and Loans Receivable, Net$16,626$12,528▼ $4,098
Total Assets$692,893$568,095▼ $124,798
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$692,893$568,095▼ $124,798
Total Net Assets Fund Balance$692,893$568,095▼ $124,798
Total Liabilities and Net Assets / Fund Balance$692,893$568,095▼ $124,798

Asset Categories

AssetBook ValueDepreciationBasis
Land$378,441--
Compensation and Service Providers
Top Officer Pay84th percentile

Board Members and Trustees

NameTitle
Luke SmithPresident
Donna BumanMember
Jake SmithMember
Joan WolschlagerMember
Morgan LarsonMember
Paul CasperMember
Shane OdegaardMember
Zach HascheMember
Jaryn HuthSecretary
Zach HuthTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,000
Program Service Revenue
$0
Investment Income
$1,907
Other Revenue
$0
Change in Net Assets
$-124,798
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$131,705
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting$425--$425
Insurance$257--$257
Other Expenses$84--$84
All Other Expenses$10--$10
Total Functional Expenses$131,705$0$0$131,705
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Lake Preston Development
EIN
51-0199304
Phone
6513036987
Address
PO BOX 215, LAKE PRESTON, SD 57249

Signing Officer

Name
Zach Huth
Title
Treasurer
Phone
6513036987
Signed
2025-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Zach Huth
Formed
1977
Legal Domicile
Sd
Voting Board Members
10
Independent Board Members
10
Employees
0

Preparer

Firm
Vrs Pc
Address
520 3RD AVE SUITE 1, BROOKINGS, SD 57006-2822
Preparer
Chad M Vilhauer
Phone
6056928425
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To promote, assist, encourage, and develop the business and economic prosperity of lake preston, sd, and the surrounding area. To encourage new industry to rehabilitate existing industries, and to promote the agricultural and recreational development of lake preston, sd, and surrounding areas.”

Raw XML Appendix305 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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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0131705
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IRS990/TotalRevenueGrp/ExclusionAmt01907
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06907
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0692893
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0568095
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IRS990/VotingMembersGoverningBodyCnt010
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0ZACH HUTH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06513036987
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-03
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ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0LAKE
ReturnHeader/Filer/EIN0510199304
ReturnHeader/Filer/PhoneNum06513036987
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 215
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0460414067
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VRS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0520 3RD AVE SUITE 1
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BROOKINGS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0570062822
ReturnHeader/PreparerPersonGrp/PhoneNum06056928425
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHAD M VILHAUER
ReturnHeader/ReturnTs02025-11-06T15:04:25-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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