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Nonprofit · EIN 38-3717510

LAKER EDUCATIONAL FOUNDATION

Tax-exempt · PRIOR LAKE, MN 55372

Financials

$23K$42K2022$16K$41K2023$23K$35K2024
Revenue Expenses · by fiscal year end
Financials of LAKER EDUCATIONAL FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$23,401$35,339-$11,938$341,278$145,900$195,378
June 30, 2024990$15,580$41,374-$25,794$325,116$132,514$192,602
June 30, 2023990$23,296$41,593-$18,297$372,581$167,673$204,908
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$10,731
Program service revenue
$0
Investment income
$31
Net income from fundraising events
$12,639
Other revenue
$12,639

Expenses

Grants and similar amounts paid
$11,704
Compensation of officers, directors and key employees
$9,590
Salaries, compensation and benefits (total)
$9,590
Professional fundraising fees
$0
Legal fees
$1,100
Accounting fees
$780
Program services (functional)
$16,770
Management and general (functional)
$5,158
Fundraising (functional)
$13,411

Balance sheet and other

Total assets, start of year
$325,116
Total assets, end of year
$341,278
Total liabilities, end of year
$145,900
Net assets, end of year
$195,378
Publicly traded securities
$190,197
Net assets without donor restrictions
$186,635
Net assets with donor restrictions
$8,743
Gross receipts
$23,401
Employees
1
Volunteers
50
Year formed
2005
State of legal domicile
MN

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
JAYME ANDERSONExecutive Dir.
Trustee or director
0$6,590
MARTHA WALZadministrative assistant4$3,000
HEIDI CARLSONDirector
Trustee or director
0$0
CARISSA WASSINGDirector
Trustee or director
0$0
TIM BELLSecretary
Trustee or director, Officer
4$0
ENRIQUE VELAZQUEZDirector
Trustee or director
4$0
CHARLIE SEDERSTROMDirector
Trustee or director
4$0
RICHIE KUCINSKIPresident
Trustee or director, Officer
4$0
BILL WHALENDirector
Trustee or director
0$0
PAUL WICKTreasurer
Trustee or director
0$0
RICKEETA FRANCISVice President
Trustee or director, Officer
4$0
RANDOLPH BRYANTDirector
Trustee or director
0$0
MARY KAY LIENDirector
Trustee or director
0$0
ANDY PODMOLIKDirector
Trustee or director
0$0
990 for the year ended June 30, 2024: 12 people
NameTitleHours / weekCompensation
JAYME ANDERSONExecutive Dir.
Trustee or director, Officer
4$5,490
MARTHA WALZadministrative assistant4$3,000
HEIDI CARLSONDirector
Trustee or director
0$0
KIM TREDINNICKTreasurer
Trustee or director, Officer
4$0
TIM BELLSecretary
Trustee or director, Officer
4$0
ENRIQUE VELAZQUEZDirector
Trustee or director
4$0
CHARLIE SEDERSTROMDirector
Trustee or director
4$0
RICHIE KUCINSKIPresident
Trustee or director, Officer
4$0
JOSEPH BOYKINDirector
Trustee or director
0$0
BILL WHALENDirector
Trustee or director
0$0
PAUL WICKDirector
Trustee or director
0$0
RICKEETA FRANCISVice President
Trustee or director, Officer
4$0
990 for the year ended June 30, 2023: 9 people
NameTitleHours / weekCompensation
JAYME ANDERSONExecutive Dir.
Trustee or director
4$7,869
KIM TREDINNICKTreasurer
Trustee or director
4$0
TIM BELLSecretary
Trustee or director
4$0
KERI THAYERBOARD MEMBER
Trustee or director
4$0
KIM CHURCHILLDirector
Trustee or director
4$0
RICHIE KUCINSKIPresident
Trustee or director
4$0
JOSEPH BOYKINDirector
Trustee or director
0$0
KERI THAYERDirector
Trustee or director
0$0
PAUL WICKDirector
Trustee or director
0$0

Address and contacts

Address (IRS master file)
PO BOX 840, PRIOR LAKE, MN 55372-6840
In care of
% KARI KIFMA
Signed the 990
PAUL WICK, Treasurer
Phone
(952) 226-0063
Return prepared by
Speiker & Company LTD

Mission

TO ENHANCE LEARNING FOR ALL WHO RESIDE IN, OR ARE SERVED BY, THE ISD 719 COMMUNITY

990 for the year ended June 30, 2025

Program accomplishments

  • PROVIDING GRANTS AND SCHOLARSHIPS TO INDIVIDUALS AND ORGANIZATIONS WHO EXHIBIT CREATIVITY, INNOVATION, AND EXCELLENCE. DURING 2015, THE LAKER EDUCATIONAL FOUNDATIN EVALUATED GRANT REQUESTS, AWARDING GRANTS TOTALLING $18743. THESE GRANTS FEATURE CREATIVE EFFORTS, THOSE FOUND IN EDUCATIONAL AREAS NOT FUNDED BY OPERATIONAL DOLLARS IN THE SCHOOLS. THESE PROJECTS ARE CAREFULLY DESCRIBED BY OUR TEACHERS, COMPARED AGAINST PROPOSALS AND AWARD FOR EVALUATION CRITERIA.
    Expenses $10,836
  • THE 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.
    Expenses $5,934

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

File the 2025 990-N for LAKER EDUCATIONAL FOUNDATION

Due November 16, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
38-3717510
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2005
Accounting year ends
June
Files
Form 990-N (e-Postcard)
Category (NTEE)
Education (B12)
Assets (IRS master file)
$341,278
Income (IRS master file)
$23,401

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$23,401$35,339$341,278XML
990June 2024$15,580$41,374$325,116XML
990June 2023$23,296$41,593$372,581XML
990June 2022$39,774$28,664$377,276IRS
990June 2021–––IRS
990December 2019–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 38-3717510).

Questions about LAKER EDUCATIONAL FOUNDATION

What is the EIN of LAKER EDUCATIONAL FOUNDATION?
The employer identification number (EIN) of LAKER EDUCATIONAL FOUNDATION is 38-3717510.
Is LAKER EDUCATIONAL FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
Are donations to LAKER EDUCATIONAL FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LAKER EDUCATIONAL FOUNDATION file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of LAKER EDUCATIONAL FOUNDATION due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LAKER EDUCATIONAL FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who are the officers and directors of LAKER EDUCATIONAL FOUNDATION?
The 990 for the year ended June 30, 2025 lists 14 people; 2 received compensation from the organization, the highest $6,590 (JAYME ANDERSON, Executive Dir.).
How much revenue does LAKER EDUCATIONAL FOUNDATION have?
On its 990 for the year ended June 30, 2025 it reported revenue of $23,401, expenses of $35,339 and total assets of $341,278 at year end.

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