2026-03-25T08:13:08-05:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 4150 2ND STREET SOUTH SUITE 400 ST CLOUD MN 56301 990 2024-07-01 812149088 LAKES AREA KIDS ENRICHMENT FOUNDATION LAKE 6128408983 35808 COUNTY ROAD 66 PO BOX 143 CROSSLAKE MN 56442 RICHARD EIDE PRESIDENT 6128408983 2026-03-11 1 1 JASON NEUMANN CPA P01690179 3202035500 2026-03-11 2024 2025-03-06 01:10:19Z RICHARD EIDE 35808 COUNTY ROAD 66 PO BOX 143 CROSSLAKE MN 56442 931256 0 X THELAKEFOUNDATION.ORG X 2016 MN CONSTRUCT AND MAINTAIN A BUILDING FOR THE USE OF CROSSLAKE COMMUNITY SCHOOL. 5 5 0 5 0 0 19000 140000 710148 768496 2 22460 2304 300 731454 931256 10000 0 0 0 0 0 0 0 2165 505932 471596 515932 471596 215522 459660 7669964 7983303 5403859 5257538 2266105 2725765 X 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. 0 0 449312 0 768496 FOR THE 2024-2025 SCHOOL YEAR, STUDENT ENROLLMENT IN GRADES K-8 AND THE ONLINE HIGH SCHOOL WAS 489 STUDENTS. 449312 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 MN X JENNIFER MAX 6128408983 35808 COUNTY ROAD 66 PO BOX 143 CROSSLAKE MN 56442 X RICHARD EIDE PRESIDENT 15.00 X X 0 0 0 MICHAEL STONE VICE-PRESIDENT 12.00 X X 0 0 0 J MICHAEL O'CONNELL SECRETARY 12.00 X X 0 0 0 JENNIFER MAX TREASURER 12.00 X X 0 0 0 LEAH HEGGERSTON DIRECTOR 8.00 X 0 0 0 0 0 0 0 0 0 0 0 140000 140000 CHARTER SCHOOL RENTAL 531120 768496 768496 768496 22460 22460 MISC INCOME 900099 300 300 300 931256 768496 0 22760 17727 17727 2165 2165 718 718 1363 1363 160733 160733 244113 244113 9496 9496 REPAIRS & MAINTENANCE 35278 33607 1671 BANK AND CREDIT CARD FE 3 3 471596 449312 20119 2165 260026 196804 300792 853858 120600 178952 1698 8351083 1599092 6988546 6751991 7669964 7983303 10628 10313 5393231 5247225 5403859 5257538 X 2266105 2595765 130000 2266105 2725765 7669964 7983303 459660 0 X 0 1 X 1 0 X 14700 10000 10000 19000 140000 193700 488516 589748 708100 710148 768496 3265008 503216 599748 718100 729148 908496 3458708 10000 65000 75000 0 10000 65000 75000 3383708 2 22460 22462 2 22460 22462 2304 300 2604 503216 599748 718100 731454 931256 3483774 0.97130 0.99910 0.00640 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2023 AMOUNT: $ 2,304. 2024 AMOUNT: $ 300. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 702925 702925 6851558 1035269 5816289 796600 563823 232777 6751991 X 931256 0 931256 0 931256 471596 0 471596 0 471596 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. 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.