Nonprofit · EIN 45-0383900
LAKE REGION CORPORATION
Tax-exempt · DEVILS LAKE, ND 58301
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $10,431,684 | $10,096,561 | $335,123 | $6,118,799 | $1,465,869 | $4,652,930 |
| June 30, 2024 | 990 | $10,658,500 | $10,029,426 | $629,074 | $5,693,683 | $1,375,876 | $4,317,807 |
| June 30, 2023 | 990 | $9,193,984 | $8,872,371 | $321,613 | $5,175,455 | $1,486,722 | $3,688,733 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $5,743
- Program service revenue
- $10,410,595
- Investment income
- $11,553
- Net income from fundraising events
- $3,793
- Other revenue
- $3,793
Expenses
- Grants and similar amounts paid
- $3,793
- Compensation of officers, directors and key employees
- $383,270
- Other salaries and wages
- $6,548,392
- Salaries, compensation and benefits (total)
- $8,836,809
- Professional fundraising fees
- $0
- Legal fees
- $1,201
- Accounting fees
- $13,945
- Occupancy
- $142,962
- Travel
- $34,174
- Depreciation
- $205,931
- Program services (functional)
- $9,305,251
- Management and general (functional)
- $791,310
Balance sheet and other
- Total assets, start of year
- $5,693,683
- Total assets, end of year
- $6,118,799
- Total liabilities, end of year
- $1,465,869
- Net assets, end of year
- $4,652,930
- Land, buildings and equipment
- $1,916,963
- Net assets without donor restrictions
- $4,652,930
- Gross receipts
- $10,431,684
- Employees
- 201
- Volunteers
- 0
- Year formed
- 1983
- State of legal domicile
- ND
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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Jeffry Jacobson | CEO (To Feb '25) Officer | 40 | $146,731 | $18,593 |
| Kari Kopp | RC Highest-paid employee | 40 | $112,544 | $17,805 |
| Sandra Svedberg | CFO Officer | 40 | $106,495 | $16,999 |
| Jennifer Parisien | COO Highest-paid employee | 40 | $105,733 | $17,451 |
| Alyssa Tofsrud | Executive Director (From Feb '25) Officer | 40 | $94,189 | $18,550 |
| David Oehlke | Vice President Trustee or director, Officer | 1 | $450 | $0 |
| Peggy Peters | Secretary Trustee or director, Officer | 1 | $450 | $0 |
| Allyson Ternes | Board Member Trustee or director | 1 | $450 | $0 |
| Morgan Fee | President Trustee or director, Officer | 1 | $300 | $0 |
| Paulette Paulson | Board Member Trustee or director | 1 | $300 | $0 |
| Julie Sandbakken | Board Member Trustee or director | 1 | $225 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Jeffry Jacobson | CEO Officer | 40 | $147,120 | $20,681 |
| Kari Kopp | RC Highest-paid employee | 40 | $113,499 | $17,774 |
| Jennifer Parisien | COO Highest-paid employee | 40 | $108,871 | $21,285 |
| Sandra Svedberg | CFO Officer | 40 | $104,524 | $18,597 |
| Peggy Peters | Secretary/Treasurer Trustee or director, Officer | 1 | $450 | $0 |
| David Oehlke | Vice President Trustee or director, Officer | 1 | $375 | $0 |
| Allison Ternes | Board Member Trustee or director | 1 | $375 | $0 |
| Julie Sandbakken | Board Member Trustee or director | 1 | $375 | $0 |
| Morgan Fee | President Trustee or director, Officer | 1 | $300 | $0 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Jeffry Jacobson | CEO Officer | 40 | $132,488 | $20,154 |
| Sandra Svedberg | CFO Officer | 40 | $94,429 | $18,434 |
| Morgan Fee | President Trustee or director, Officer | 1 | $375 | $0 |
| David Oehlke | Vice President Trustee or director, Officer | 1 | $375 | $0 |
| Peggy Peters | Secretary/Treasurer Trustee or director, Officer | 1 | $375 | $0 |
| Allison Ternes | Board Member Trustee or director | 1 | $375 | $0 |
| Julie Sandbakken | Board Member Trustee or director | 1 | $150 | $0 |
Address and contacts
- Address (IRS master file)
- 224 4TH ST NW, DEVILS LAKE, ND 58301-2960
- Principal officer (990 for 2024)
- Morgan Fee, 224 4th St NW, Devils Lake, ND 58301
- Signed the 990
- Alyssa Tofsrud, Executive Director
- Phone
- (701) 662-8681
- Website
- www.lakeregioncorp.com
- Return prepared by
- Eide Bailly LLP
Mission
Providing support for people in achieving success in their life and their community.
Program accomplishments
- Lake Region Corporation provides Residential support to 26 consumers and Day Support to 54 consumers. We continue to maintain and update four group homes (2 ICF and 2 MSLA) and a day support program. We are Title XIX certified at our ICF/IID Group Home and have a 4-year certification with the Council on Quality and Leadership. We also support 29 people who reside in an apartment setting, and we support 11 people who are employed in the community. We have 2 individuals in our family support program in which we provide support for the family. We are proud of our renewed contract with the City of Devils Lake for recycling.Expenses $8,124,110 · grants $3,793 · revenue $9,331,790
- The Organization has a daycare that we provide for Devils Lake area residents that has 51 children enrolled in it.Expenses $567,729 · revenue $478,177
- The organization has an Aging Home that provides support for up to 4 individuals.Expenses $613,412 · revenue $600,628
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 45-0383900
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1985
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $6,118,799
- Income (IRS master file)
- $10,431,684
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $10,431,684 | $10,096,561 | $6,118,799 | XML |
| 990 | June 2024 | $10,658,500 | $10,029,426 | $5,693,683 | XML |
| 990 | June 2023 | $9,193,984 | $8,872,371 | $5,175,455 | XML |
| 990 | June 2022 | $9,506,457 | $8,078,857 | $4,659,780 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 45-0383900).
Questions about LAKE REGION CORPORATION
- What is the EIN of LAKE REGION CORPORATION?
- The employer identification number (EIN) of LAKE REGION CORPORATION is 45-0383900.
- Is LAKE REGION CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to LAKE REGION CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LAKE REGION CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LAKE REGION CORPORATION 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 LAKE REGION CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of LAKE REGION CORPORATION?
- The 990 for the year ended June 30, 2025 names Morgan Fee.
- Who are the officers and directors of LAKE REGION CORPORATION?
- The 990 for the year ended June 30, 2025 lists 11 people; 11 received compensation from the organization, the highest $146,731 (Jeffry Jacobson, CEO (To Feb '25)).
- How much revenue does LAKE REGION CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $10,431,684, expenses of $10,096,561 and total assets of $6,118,799 at year end.
Other nonprofits in DEVILS LAKE
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- ODD FELLOWS AND REBEKAH HOME OF NORTH DAKOTA INCORPORATED EIN 45-0229140 · last filed 990 for 2024
- LAKE REGION COMMUNITY COLLEGE FOUNDATION OF DEVILS LAKE EIN 51-0242987 · last filed 990 for 2025
- SENIOR MEALS AND SERVICES INC EIN 45-0368338 · last filed 990 for 2026
- DEVILS LAKE YOUTH ACTIVITIES ASSOCIATION EIN 45-0454056 · last filed 990 for 2025
- DEVILS LAKE RURAL FIRE DEPARTMENT INC EIN 45-0380220 · last filed 990 for 2025