Nonprofit · EIN 92-0913761
LAKEPLACE FOUNDATION
Tax-exempt · BOVEY, MN 55709
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $101,659 | $64,216 | $37,443 | $3,041,054 | $0 | $3,041,054 |
| December 31, 2024 | 990 | $109,053 | $57,522 | $51,531 | $2,960,815 | $0 | $2,960,815 |
| December 31, 2023 | 990 | $54,688 | $47,317 | $7,371 | $2,898,773 | $0 | $2,898,773 |
| December 31, 2022 | 990 (amended) | $3,000,000 | $108,598 | $2,891,402 | $3,000,000 | $108,598 | $2,891,402 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $6,057
- Program service revenue
- $0
- Investment income
- $95,602
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $20,815
- Salaries, compensation and benefits (total)
- $22,637
- Professional fundraising fees
- $0
- Legal fees
- $999
- Accounting fees
- $14,004
- Depreciation
- $450
- Program services (functional)
- $15,314
- Management and general (functional)
- $48,902
Balance sheet and other
- Total assets, start of year
- $2,960,815
- Total assets, end of year
- $3,041,054
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,041,054
- Land, buildings and equipment
- $3,150
- Gross receipts
- $101,659
- Employees
- 1
- Volunteers
- 6
- Year formed
- 2022
- 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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DENNIS MEDVED | President Trustee or director, Officer | 1 | $0 |
| SANDRA HARLING | SECRETARY/TREAS Trustee or director, Officer | 1 | $0 |
| PETER MEDVED | Vice President Trustee or director, Officer | 1 | $0 |
| ERNEST MILLER | Director Trustee or director | 1 | $0 |
| LEANEL JOHNSON | Director Trustee or director | 1 | $0 |
| JOAN DRAPPEAU | Director Trustee or director | 1 | $0 |
| JAY JORDAN | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DENNIS MEDVED | President Trustee or director, Officer | 1 | $0 |
| SANDRA HARLING | SECRETARY/TREAS Trustee or director, Officer | 1 | $0 |
| PETER MEDVED | Vice President Trustee or director, Officer | 1 | $0 |
| ERNEST MILLER | Director Trustee or director | 1 | $0 |
| LEANEL JOHNSON | Director Trustee or director | 1 | $0 |
| JOAN DRAPPEAU | Director Trustee or director | 1 | $0 |
| JAY JORDAN | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DENNIS MEDVED | PRESIDENT Trustee or director, Officer | 1 | $0 |
| SANDRA HARLING | SECRETARY & TREASURER Trustee or director, Officer | 1 | $0 |
| LEANEL JOHNSON | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL LOCKHART | DIRECTOR Trustee or director | 1 | $0 |
| PETER MEDVED | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| ERNEST MILLER | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2022: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DENNIS MEDVED | PRESIDENT Trustee or director, Officer | 1 | $0 |
| SANDRA HARLING | SECRETARY & TREASURER Trustee or director, Officer | 1 | $0 |
| LEANEL JOHNSON | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL LOCKHART | DIRECTOR Trustee or director | 1 | $0 |
| PETER MEDVED | DIRECTOR Trustee or director | 1 | $0 |
| EARNEST MILLER | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 25704 COUNTY ROAD 338, BOVEY, MN 55709-6566
- Principal officer (990 for 2025)
- DENNIS MEDVED, 25704 COUNTY ROAD 338, BOVEY, MN 55709
- Signed the 990
- DENNIS MEDVED, President
- Phone
- (218) 910-9520
- Website
- lakeplacefoundation.org
- Return prepared by
- Blake & Lind CPAs PLLC
Mission
THE FOUNDATION WILL OPERATE A RETREAT CENTER LOCATED IN RURAL NORTHERN MINNESOTA FOR THE USE BY THIRTY-TWO MINNESOTA STATEWIDE ALANO SOCIETIES AND OTHER NONPROFIT, TAX-EXEMPT CHEMICAL DEPENDENCY SUPPORT GROUPS INCLUDING ALCOHOLICS ANONYMOUS (AA) AND NARCOTICS ANONYMOUS (NA).
Program accomplishments
- THE PRIMARY PROGRAM SERVICE ACCOMPLISHMENT IS PROVIDING NONPROFIT TAX-EXEMPT RECOVERY ORGANIZATIONS AND RECOVERING CHEMICALLY DEPENDENT INDIVIDUALS AND FAMILIES A NO COST, SCENIC AND RELAXING LOCATION WITHOUT THE TEMPTATION TO ENGAGE IN CHEMICAL USE TO PARTICIPATE IN SMALL GROUP PROGRAMMING, TAKE SAFE RESPITE FROM INPATIENT AND OUTPATIENT TREATMENT PROGRAMS, REBUILD DAMAGED FAMILY BONDS, AND STRENGTHEN RELIGIOUS AND SPIRITUAL BELIEFS. BY PROVIDING A LOCATION IN WHICH THESE ACTIVITIES CAN BE CONDUCTED AMONG OTHER INDIVIDUALS FACING SIMILAR STRUGGLES, THE FOUNDATION HOPES TO PROVIDE RECOVERING CHEMICALLY DEPENDENT INDIVIDUALS AND THEIR FAMILIES WITH ADDITIONAL TOOLS TO SUPPORT THEIR RECOVERY AND INCREASE THE LIKELIHOOD THAT INDIVIDUALS WILL ACHIEVE AND MAINTAIN LONG-LASTING RECOVERY.Expenses $15,314
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 92-0913761
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mental health and crisis intervention (F50)
- Assets (IRS master file)
- $3,041,054
- Income (IRS master file)
- $101,659
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $101,659 | $64,216 | $3,041,054 | XML |
| 990 | December 2024 | $109,053 | $57,522 | $2,960,815 | XML |
| 990 | December 2023 | $54,688 | $47,317 | $2,898,773 | XML |
| 990 | December 2022 | $3,000,000 | $108,598 | $3,000,000 | XML |
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 92-0913761).
Questions about LAKEPLACE FOUNDATION
- What is the EIN of LAKEPLACE FOUNDATION?
- The employer identification number (EIN) of LAKEPLACE FOUNDATION is 92-0913761.
- Is LAKEPLACE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to LAKEPLACE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LAKEPLACE FOUNDATION 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 LAKEPLACE FOUNDATION 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 LAKEPLACE FOUNDATION 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 LAKEPLACE FOUNDATION?
- The 990 for the year ended December 31, 2025 names DENNIS MEDVED.
- Who are the officers and directors of LAKEPLACE FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does LAKEPLACE FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $101,659, expenses of $64,216 and total assets of $3,041,054 at year end.
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All nonprofits in BOVEY · Minnesota · Mental health and crisis intervention