Civic Intelligence

Lakes Area Kids Enrichment Foundation

EIN 81-2149088 • 501(c)3 • Crosslake, MN

Profile

The primary purposes of the lake foundation will be to construct and maintain a building for the use of crosslake community school (ccs) for providing school classrooms and ancillary spaces for children's education activities. As such, ccs, a public charity under 501(c)(3) of the internal revenue code will contract with the lake foundation for rental of the school building.

35808 County Road 66 PO Box 143Crosslake, MN 56442

thelakefoundation.org

Siviq Scores

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

Liabilities / Assets

85th percentile

0.66x

Higher debt load relative to assets than 85% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

96th percentile

5.65x

Higher debt load relative to revenue than 96% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Net Margin

89th percentile

49%

Higher net margin than 89% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

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

501(c)3 • $5M-$10M nonprofits • Source year 2025

Asset Growth

50th percentile

4.1%

Faster asset growth than 50% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

74th percentile

27%

Faster revenue growth than 74% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$7,983,303

Up $313,339 (+4.1%) from 2024

Liabilities

Down

$5,257,538

Down $146,321 (-2.7%) from 2024

Net Assets

Up

$2,725,765

Up $459,660 (+20%) from 2024

Operations
Liabilities / Revenue96th percentileNet Margin89th percentile

Revenue

Up

$931,256

Up $199,802 (+27%) from 2024

Expenses

Down

$471,596

Down $44,336 (-8.6%) from 2024

Net Income

Up

$459,660

Up $244,138 (+113%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth50th percentile

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

$10M$5.0M$0Assets 2017: $8,999,195Liabilities 2017: $7,418,403Net Assets 2017: $1,580,7922017Assets 2018: $8,209,101Liabilities 2018: $6,628,610Net Assets 2018: $1,580,4912018Assets 2019: $8,095,090Liabilities 2019: $6,417,034Net Assets 2019: $1,678,0562019Assets 2020: $7,865,785Liabilities 2020: $6,241,675Net Assets 2020: $1,624,1102020Assets 2021: $7,576,081Liabilities 2021: $5,901,279Net Assets 2021: $1,674,8022021Assets 2023: $7,604,469Liabilities 2023: $5,553,886Net Assets 2023: $2,050,5832023Assets 2024: $7,669,964Liabilities 2024: $5,403,859Net Assets 2024: $2,266,1052024Assets 2025: $7,983,303Liabilities 2025: $5,257,538Net Assets 2025: $2,725,7652025

Highlighted filing

2025

Assets$7,983,303
Liabilities$5,257,538
Net Assets$2,725,765
Open 2025 Filing

Operations Trend

Revenue Growth74th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2017: $1,607,398Expenses 2017: $23,815Net Income 2017: $1,583,5832017Revenue 2018: $289,636Expenses 2018: $289,937Net Income 2018: -$3012018Revenue 2019: $231,142Expenses 2019: $133,577Net Income 2019: $97,5652019Revenue 2020: $469,812Expenses 2020: $523,758Net Income 2020: -$53,9462020Revenue 2021: $503,216Expenses 2021: $452,524Net Income 2021: $50,6922021Revenue 2023: $718,100Expenses 2023: $481,434Net Income 2023: $236,6662023Revenue 2024: $731,454Expenses 2024: $515,932Net Income 2024: $215,5222024Revenue 2025: $931,256Expenses 2025: $471,596Net Income 2025: $459,6602025

Highlighted filing

2025

Revenue$931,256
Expenses$471,596
Net Income$459,660
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,983,303
Liabilities
$5,257,538
Net assets
$2,725,765
Revenue
$931,256
Expenses
$471,596
Net income
$459,660
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$7.98$5.26$2.73$0.93$0.47$0.46
2024Detailed filing. Detailed filing data is available for this year.$7.67$5.40$2.27$0.73$0.52$0.22
2023Detailed filing. Detailed filing data is available for this year.$7.60$5.55$2.05$0.72$0.48$0.24
2021Detailed filing. Detailed filing data is available for this year.$7.58$5.90$1.67$0.50$0.45$0.05
2020Detailed filing. Detailed filing data is available for this year.$7.87$6.24$1.62$0.47$0.52$0.05
2019Summary only. Only limited summary data is available for this year.$8.10$6.42$1.68$0.23$0.13$0.10
2018Detailed filing. Detailed filing data is available for this year.$8.21$6.63$1.58$0.29$0.29$0.00
2017Detailed filing. Detailed filing data is available for this year.$9.00$7.42$1.58$1.61$0.02$1.58
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Mar 11, 2026
Return Version
2024v5.5
Gross Receipts
$931,256
Mission and Program Overview

Mission

The primary purposes of the lake foundation will be to construct and maintain a building for the use of crosslake community school (ccs) for providing school classrooms and ancillary spaces for children's education activities. As such, ccs, a public charity under 501(c)(3) of the internal revenue code will contract with the lake foundation for rental of the school building.

Construct and maintain a building for the use of crosslake community school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,988,546$6,751,991▼ $236,555
Savings and Temporary Cash Investments$300,792$853,858▲ $553,066
Cash and Non-Interest-Bearing Accounts$260,026$196,804▼ $63,222
Accounts Receivable$120,600$178,952▲ $58,352
Prepaid Expenses and Deferred Charges-$1,698-
Total Assets$7,669,964$7,983,303▲ $313,339
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,393,231$5,247,225▼ $146,006
Accounts Payable and Accrued Expenses$10,628$10,313▼ $315
Total Liabilities$5,403,859$5,257,538▼ $146,321
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,266,105$2,595,765▲ $329,660
Net Assets With Donor Restrictions-$130,000-
Total Net Assets Fund Balance$2,266,105$2,725,765▲ $459,660
Total Liabilities and Net Assets / Fund Balance$7,669,964$7,983,303▲ $313,339

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,816,289$1,035,269$6,851,558
Equipment$232,777$563,823$796,600
Land$702,925-$702,925
Compensation and Service Providers
Top Officer Pay23rd percentile

Board Members and Trustees

NameTitle
Richard EidePresident
Michael StoneVice-president
Leah HeggerstonDirector
J MICHAEL O'CONNELLSecretary
Jennifer MaxTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$140,000
Program Service Revenue
$768,496
Investment Income
$22,460
Other Revenue
$300
All Other Contributions
$140,000
Change in Net Assets
$459,660

Audited Revenue Reconciliation

Revenue per Audited Statements
$931,256
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$931,256
Total Revenue per Form 990
$931,256
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$471,596
Total Fundraising Expense$2,165
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$244,113--$244,113
Interest$160,733--$160,733
Fees for Services Accounting-$17,727-$17,727
Insurance$9,496--$9,496
Advertising--$2,165$2,165
Occupancy$1,363--$1,363
Office Expenses-$718-$718
Other Expenses$33,607$3-$3
Total Functional Expenses$449,312$20,119$2,165$471,596

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$471,596
Total Expenses per Audited Statements$471,596
Total Expenses per Form 990$471,596
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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, Section A, Line 1A

“The executive committee shall be composed of the officers of the organization, as specified herein, and shall have the full authority to undertake the duties and powers of the board except as the by-laws specifically state otherwise. All actions of the executive committee shall be reported to the board at its next meeting.”

Form 990, Part VI, Section B, Line 11B

“The form 990 is presented for review by the board treasurer of the organization before filing with the irs. Before the filing form 990, a copy of the return is also made available electronically to the governing body for inspection, review, and comment.”

Form 990, Part VI, Section B, Line 12C

“In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. Annually, each board member signs a statement affirming they have receieved a copy of the conflict of interest policy, have read the conflict of interest policy, agree to comply with the conflict of interest policy, and understands its importance to the organization's tax exempt status.”

Form 990, Part VI, Section C, Line 19

“The governing documents and financial statements are not made available to the public.”

Filing and Contact Details

Filer

Filer Name
Lakes Area Kids Enrichment Foundation
EIN
81-2149088
Phone
6128408983
Address
35808 COUNTY ROAD 66 PO BOX 143, CROSSLAKE, MN 56442

Signing Officer

Name
Richard Eide
Title
President
Phone
6128408983
Signed
2026-03-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Eide
Formed
2016
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Cliftonlarsonallen Llp
Address
4150 2ND STREET SOUTH SUITE 400, ST CLOUD, MN 56301
Preparer
Jason Neumann CPA
Phone
3202035500
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The foundation is organized as a minnesota nonprofit corporation and has been recognized by the internal revenue service (irs) as exempt from federal income taxes under section 501(a) of the internal revenue code as an organization described in section 501(c)(3), qualifies for the charitable contribution deduction under sections 170(b)(1)(a)(vi) and (viii), and has been determined not to be a private foundation under sections 509(a)(1) and (3), respectively. The entity is annually required to file a return of organization exempt from income tax (form 990) with the irs. In addition, the foundation is subject to income tax on net income that is derived from business activities that are unrelated to its exempt purpose. We have determined that the foundation is not subject to unrelated business income tax and have not filed an exempt organization business income tax return (form 990-t) with the irs. We believe that the foundation has appropriate support for any tax positions taken affecting its annual filing requirement, and as such, does not have any uncertain tax positions that are material to the financial statements. We would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred.”

Raw XML Appendix394 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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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt010000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt075000
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME - 2023 AMOUNT: $ 2,304. 2024 AMOUNT: $ 300.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0140000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt019000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt010000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt010000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt014700
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0193700
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt022460
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt022462
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0768496
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0710148
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0708100
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0589748
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0488516
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03265008
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt022460
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt022462
IRS990ScheduleA/InvestmentIncomeCYPct00.00640
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0300
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt02304
IRS990ScheduleA/OtherIncome509Grp/TotalAmt02604
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97130
IRS990ScheduleA/PublicSupportPY509Pct00.99910
IRS990ScheduleA/PublicSupportTotal509Amt03383708
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt065000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt010000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt075000
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0908496
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0729148
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0718100
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0599748
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0503216
IRS990ScheduleA/Total509Grp/TotalAmt03458708
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0931256
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0731454
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0718100
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0599748
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0503216
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03483774
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt05816289
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01035269
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06851558
IRS990ScheduleD/EquipmentGrp/BookValueAmt0232777
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0563823
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0796600
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0471596
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0702925
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0702925
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0931256
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS ORGANIZED AS A MINNESOTA NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3), QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTIONS 170(B)(1)(A)(VI) AND (VIII), AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION UNDER SECTIONS 509(A)(1) AND (3), RESPECTIVELY. THE ENTITY IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE FOUNDATION IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSE. WE HAVE DETERMINED THAT THE FOUNDATION IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAVE NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. WE BELIEVE THAT THE FOUNDATION HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENT, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. WE WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06751991
IRS990ScheduleD/TotalExpensesPerForm990Amt0471596
IRS990ScheduleD/TotalRevenuePerForm990Amt0931256
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0931256
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0471596
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE COMMITTEE SHALL BE COMPOSED OF THE OFFICERS OF THE ORGANIZATION, AS SPECIFIED HEREIN, AND SHALL HAVE THE FULL AUTHORITY TO UNDERTAKE THE DUTIES AND POWERS OF THE BOARD EXCEPT AS THE BY-LAWS SPECIFICALLY STATE OTHERWISE. ALL ACTIONS OF THE EXECUTIVE COMMITTEE SHALL BE REPORTED TO THE BOARD AT ITS NEXT MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PRESENTED FOR REVIEW BY THE BOARD TREASURER OF THE ORGANIZATION BEFORE FILING WITH THE IRS. BEFORE THE FILING FORM 990, A COPY OF THE RETURN IS ALSO MADE AVAILABLE ELECTRONICALLY TO THE GOVERNING BODY FOR INSPECTION, REVIEW, AND COMMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. ANNUALLY, EACH BOARD MEMBER SIGNS A STATEMENT AFFIRMING THEY HAVE RECEIEVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAVE READ THE CONFLICT OF INTEREST POLICY, AGREE TO COMPLY WITH THE CONFLICT OF INTEREST POLICY, AND UNDERSTANDS ITS IMPORTANCE TO THE ORGANIZATION'S TAX EXEMPT STATUS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 1A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt07669964
IRS990/TotalAssetsEOYAmt07983303
IRS990/TotalAssetsGrp/BOYAmt07669964
IRS990/TotalAssetsGrp/EOYAmt07983303
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0140000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt02165
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt020119
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0449312
IRS990/TotalFunctionalExpensesGrp/TotalAmt0471596
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05403859
IRS990/TotalLiabilitiesEOYAmt05257538
IRS990/TotalLiabilitiesGrp/BOYAmt05403859
IRS990/TotalLiabilitiesGrp/EOYAmt05257538
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02266105
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02725765
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0449312
IRS990/TotalProgramServiceRevenueAmt0768496
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt022760
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0768496
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0931256
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07669964
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07983303
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt035808 COUNTY ROAD 66 PO BOX 143
IRS990/USAddress/CityNm0CROSSLAKE
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd056442
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0THELAKEFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD EIDE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06128408983
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-03-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAKES AREA KIDS ENRICHMENT FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0LAKE
ReturnHeader/Filer/EIN0812149088
ReturnHeader/Filer/PhoneNum06128408983
ReturnHeader/Filer/USAddress/AddressLine1Txt035808 COUNTY ROAD 66 PO BOX 143
ReturnHeader/Filer/USAddress/CityNm0CROSSLAKE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd056442
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410746749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04150 2ND STREET SOUTH SUITE 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ST CLOUD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd056301
ReturnHeader/PreparerPersonGrp/PhoneNum03202035500
ReturnHeader/PreparerPersonGrp/PreparationDt02026-03-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JASON NEUMANN CPA
ReturnHeader/ReturnTs02026-03-25T08:13:08-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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