Lake Region Corporation

Organization Overview

Lake Region Corporation is located in Devils Lake, ND. The organization was established in 1985. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2022, Lake Region Corporation employed 176 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Region Corporation 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 06/2022, Lake Region Corporation generated $9.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $8.1m during the year ending 06/2022. While expenses have increased by 9.5% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDING SUPPORT FOR PEOPLE IN ACHIEVING SUCCESS IN THEIR LIFE AND THEIR COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LAKE REGION CORPORATION PROVIDES RESIDENTIAL SUPPORT TO 24 CONSUMERS AND DAY SUPPORT TO 51 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 27 PEOPLE WHO RESIDE IN AN APARTMENT SETTING AND WE SUPPORT 13 PEOPLE WHO ARE EMPLOYED IN THE COMMUNITY. WE ARE PROUD OF OUR RENEWED CONTRACT WITH THE CITY OF DEVILS LAKE FOR RECYCLING.


THE ORGANIZATION HAS A DAYCARE THAT WE PROVIDE FOR DEVILS LAKE AREA RESIDENTS THAT HAS 35 CHILDREN ENROLLED IN IT.


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Board, Officers & Key Employees

Name (title)Compensation
Jeffry Jacobson
CEO
$129,526
Sandra Svedberg
CFO
$82,989
Allison Ternes
Board Member
$525
Peggy Peters Board Member Jul
Feb)/secretary/treasurer(feb-Jun)
$450
David Oehlke
Vice President
$450
Morgan Fee
President
$375

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,159,013
All other contributions, gifts, grants, and similar amounts not included above$4,736
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,163,749
Total Program Service Revenue$8,341,280
Investment income $1,428
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $9,506,457

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Lake Region Corporation has recieved totaling $15,352.

Awarding OrganizationAmount
National Association For The Exchange Of Industrial Resources I

Galesburg, IL

PURPOSE: CARE OF ILL, NEEDY, OR MINOR

$7,852
Sourceamerica

Vienna, VA

PURPOSE: ERS GRANT

$7,500
View Grant Recipient Profile

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