Laker Booster Club Inc
- Assets
- $340.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Detroit Lakes, MN
- Founding
- 09/2006
- EIN
- 20-2297807
Organization Overview
Laker Booster Club Inc is located in Detroit Lakes, MN. The organization was established in 2006. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laker Booster Club Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending undefined, Laker Booster Club Inc generated $113.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $75.5k during the year ending undefined. While expenses have increased by 17.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
Describe the Organization's Program Activity:
Part 3
PROMOTE AND PROVIDE FINANCIAL SUPPORT FOR THE YOUTH ATHLETIC PROGRAMS IN THE DETROIT LAKES SCHOOL DISTRICT. FUNDING FOR SPORTS EQUIPMENT, VIDEO EQUIPMENT, UNIFORMS, AND TRANSPORTATION WAS PROVIDED TO 24 LOCAL YOUTH ATHLETIC PROGRAMS DURING THE FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara Skadsem Director | 1 | $0 | |
Joe Berquist Director | 1 | $0 | |
Doug Dunham Director | 1 | $0 | |
Matt Carrier Vice President | 2 | $0 | |
Kelly Johnson Treasurer | 2 | $0 | |
Julia Okeson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,704 |
| Total Program Service Revenue | $0 |
| Membership dues | $850 |
| Investment income | $38 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $67,712 |
| Other Revenue | $0 |
| Total Revenue | $113,304 |
| Statement of Expenses | |
|---|---|
| Total expenses | $75,502 |
| Balance Sheet | |
|---|---|
| Total assets | $340,633 |
| Total liabilities | $12,194 |
| Net assets or fund balances | $328,439 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Laker Booster Club Inc has recieved totaling $5,100.
| Awarding Organization | Amount |
|---|---|
Sanford Sioux Falls, SD PURPOSE: Donation and support of Mollberg Field Schoreboard update, a multi year donation | $5,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grinnell College Medical Benefit Plan Trust Agreement Grinnell, IA | $11,174,588 | $9,791,771 |
University Of Wisconsin-Eau Claire Foundation Inc Eau Claire, WI | $103,402,476 | $22,599,486 |
Iowa State University Research Park Corp Ames, IA | $68,199,725 | $11,124,615 |
Minnesota State University Mankato Foundation Incorporated Mankato, MN | $77,015,205 | $9,285,148 |
University Gateway Corporation Minneapolis, MN | $78,655,248 | $6,023,242 |
Charles & Ellora Alliss Educational Foundation Milwaukee, WI | $87,576,345 | $9,781,011 |
Iowa High School Athleticassociation Boone, IA | $17,327,220 | $5,760,245 |
St Cloud State University Foundation Inc St Cloud, MN | $54,919,652 | $10,818,973 |
Hmong Education Reform Company St Paul, MN | $74,819,992 | $9,901,803 |
Isu Veterinary Services Corporation Des Moines, IA | $3,723,871 | $7,166,183 |
University Of Wisconsin Green Bay Foundation Inc Green Bay, WI | $63,454,275 | $9,667,784 |
University Of Minnesota Foundation Investment Advisors Minneapolis, MN | $2,748,098 | $5,244,210 |