Lakota Community Foundation
- Assets
- $1.1m
- Revenue
- $64.7k
- Investments
- $1.0m
- Employees
- 0
- Location
- Lakota, ND
- Founding
- 11/1994
- Data as of
- 12/2022
- EIN
- 45-0436454
Organization Overview
Lakota Community Foundation is located in Lakota, ND. The organization was established in 1994. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakota Community Foundation 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 12/2022, Lakota Community Foundation generated $64.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $55.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lakota Community Foundation has awarded 35 individual grants totaling $165,045. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE SCHOLARSHIPS FOR STUDENTS OF LAKOTA HIGH SCHOOL
DIRECT SUPPORT TO LAKOTA PUBLIC SCHOOL DISTRICT
DIRECT SUPPORT TO CITY OF LAKOTA PARK DISTRICT CEMETERY AND LIBRARY
DIRECT SUPPORT TO LAKOTA AREA ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Aaker President | 1 | $0 | |
Ron Nelson Vice President | 1 | $0 | |
Jeffry Anderson Secretary Treasurer | 3 | $0 | |
Dan Kassian Director | 1 | $0 | |
Jill Wall Director | 1 | $0 | |
Lisa Miller Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $39,967 |
| Interest on Savings | $9,042 |
| Dividends & Interest | $9,125 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,610 |
| Total Revenue | $64,744 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $209 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $824 |
| Total operating and administrative expenses | $1,033 |
| Contributions, gifts, grants paid | $54,880 |
| Total expenses and disbursements | $55,913 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,080 |
| Savings and temporary cash investments | $85,460 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,108,540 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Lakota Community Foundation has awarded $54,880 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
LOMICE CEMETERY PURPOSE: CEMETERY MAINTENANCE | $250 |
LAKOTA TRAP SHOOTING LEAGUE PURPOSE: YOUTH ACTIVITY SUPPORT | $5,400 |
LAKOTA CHILD CARE CENTER PURPOSE: DAYCARE CENTER SUPPORT | $2,500 |
LAKOTA PUBLIC SCHOOL DISTRICT PURPOSE: SCHOOL ATHLETICS SUPPORT | $10,230 |
LAKOTA GOOD SAMARITAN CENTER PURPOSE: GIVING HEARTS DAY | $1,500 |
LAKOTA SCHOLARSHIP COMMITTEE PURPOSE: COLLEGE SCHOLARSHIPS 11 @ $500 - PAYMENTS MADE DIRECTLY TO COLLEGE UNIVERSITY OR TECH SCHOOL | $5,500 |