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Nonprofit · EIN 45-2455454

LAKETOWN GYM

Tax-exempt · WACONIA, MN 55387

Financials

$986K$908K2023$1.1M$1.1M2024$1.2M$1.3M2025
Revenue Expenses · by fiscal year end
Financials of LAKETOWN GYM by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$1,226,779$1,333,908-$107,129$1,406,819$1,269,979$136,840
December 31, 2024990 (amended)$1,079,082$1,121,814-$42,732$1,536,024$1,292,055$243,969
December 31, 2023990$986,058$907,656$78,402$1,566,008$1,279,307$286,701
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$8,655
Program service revenue
$1,215,616
Investment income
$1,167
Net income from fundraising events
$1,341
Other revenue
$1,341

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$64,502
Other salaries and wages
$527,718
Salaries, compensation and benefits (total)
$639,569
Professional fundraising fees
$0
Legal fees
$18,281
Accounting fees
$13,330
Occupancy
$127,122
Depreciation
$55,343
Program services (functional)
$1,141,714
Management and general (functional)
$192,194

Balance sheet and other

Total assets, start of year
$1,536,024
Total assets, end of year
$1,406,819
Total liabilities, end of year
$1,269,979
Net assets, end of year
$136,840
Land, buildings and equipment
$1,207,115
Net assets without donor restrictions
$136,840
Gross receipts
$1,230,480
Employees
65
Year formed
2011
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 December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
Kelsi StofferExecutive Director
Trustee or director
40$64,502
Sarah KroellsSecretary
Trustee or director, Officer
1$0
Shannon JohnsonVice President
Trustee or director, Officer
1$0
Ashley EricksonGeneral Board Member
Trustee or director
1$0
Angie KranzGeneral Board Member
Trustee or director
1$0
Samantha LeightonPresident
Trustee or director, Officer
1$0
Jessica JohnsonTreasurer
Trustee or director, Officer
1$0
Amy SwingleBoard Member
Former
1$0
Bill VannurdenTreasurer
Former
1$0
990 for the year ended December 31, 2024: 12 people
NameTitleHours / weekCompensation
Kelsi StofferExecutive Director
Trustee or director
40$65,812
Tammie ColemanExecutive Director
Trustee or director
40$34,316
Nick HoffmanDirector
Trustee or director
1$0
Brad DevereauxDirector
Trustee or director
1$0
Amy SwingleDirector
Trustee or director
1$0
Ashley EricksonDirector
Trustee or director
1$0
Angie KranzDirector
Trustee or director
1$0
Ryan ReedTreasurer
Trustee or director, Officer
1$0
Sarah KroellsSecretary
Trustee or director, Officer
1$0
Shannon JohnsonVice President
Trustee or director, Officer
1$0
Samantha LeightonPresident
Trustee or director, Officer
1$0
Bill VannurdenTreasurer
Trustee or director, Officer
1$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensation
Tammie ColemanExecutive Director
Trustee or director, Key employee
40$83,989
Angie KranzDirector
Trustee or director
1$0
Ashley EricksonDirector
Trustee or director
1$0
Amy SwingleDirector
Trustee or director
1$0
Shannon JohnonVice President
Trustee or director, Officer
1$0
Samantha DahlPresident 212023-12312023
Trustee or director, Officer
1$0
Ryan ReedTreasurer
Trustee or director, Officer
1$0
Sarah KroellsSecretary
Trustee or director, Officer
1$0
Nick HoffmanDirector
Former
1$0
Angie FossPresident 112023-1312023
Former
1$0
Brad DevereauxDirector
Former
1$0

Address and contacts

Address (IRS master file)
654 INDUSTRIAL BOULEVARD, WACONIA, MN 55387-1724
In care of
% KELSI STOFFER
Principal officer (990 for 2025)
Samantha Leighton, 7094 Harrison Hill Trail, Chanhassen, MN 55317
Signed the 990
KELSI STOFFER, EXECUTIVE DIRECTOR
Phone
(952) 368-3547
Return prepared by
Betts & Hayes Ltd

Mission

AT LAKETOWN GYMNASTICS, WE WILL WORK WITH EACH GYMNAST TO SET GOALS, DEVELOP INDIVIDUAL PLANS AND PROVIDE SUPPORT AND DIRECTION NEEDED TO ACHIEVE THOSE GOALS

990 for the year ended December 31, 2025

Program accomplishments

  • Recreational gymnastic instruction, open gym, product sales, competitive team gymnastic instruction, and other related activities
    Expenses $1,141,714

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
45-2455454
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
2013
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,406,819
Income (IRS master file)
$1,230,480

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$1,226,779$1,333,908$1,406,819XML
990December 2024$1,079,082$1,121,814$1,536,024XML
990December 2023$986,058$907,656$1,566,008XML
990December 2022$887,803$783,184$1,534,649IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 45-2455454).

Questions about LAKETOWN GYM

What is the EIN of LAKETOWN GYM?
The employer identification number (EIN) of LAKETOWN GYM is 45-2455454.
Is LAKETOWN GYM tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
Are donations to LAKETOWN GYM tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LAKETOWN GYM 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 LAKETOWN GYM due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LAKETOWN GYM last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of LAKETOWN GYM?
The 990 for the year ended December 31, 2025 names Samantha Leighton.
Who are the officers and directors of LAKETOWN GYM?
The 990 for the year ended December 31, 2025 lists 9 people; 1 received compensation from the organization, the highest $64,502 (Kelsi Stoffer, Executive Director).
How much revenue does LAKETOWN GYM have?
On its 990 for the year ended December 31, 2025 it reported revenue of $1,226,779, expenses of $1,333,908 and total assets of $1,406,819 at year end.

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