Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Mar 2010.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
91 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
10 people listed on the 990; $80K paid to officers and key staff.
Wallace a Erickson’s $80K as CEO, Member is at the 9th percentile of top reported officer pay among 363 $1–10M science & technology nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 4 named individuals · Part VII
| Name | FY2023 | FY2022 | FY2021 |
|---|---|---|---|
| Jess Coykendall | — | — | $95,750 |
| Wallace a Erickson | $80,000 | $75,333 | — |
| Warthur Erickson | — | — | $70,000 |
| Jill Osborn | — | $16,667 | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Trains community members and individuals in skilled trades.
Questions for Studio-180
Your first name shows with your question. Studio-180 answers here, for everyone.
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Lake Street Works Program
Lake street works (lsw)is a career pathway program designed to prepare teenagers and young adults to navigate the financial challenges of adulthood beginning with earning a consistent living-wage income through a career in construction. The program focuses on minority students ages 14-24.
Rising young leaders program training community leaders in skills needed to improve opportunities for all people with a mission of "discovering and developing transformational leaders" in order for them to return to their own community and begin the transformation of their communities in education,safety, work, housing, and nutrition.
Highway of hope film film documented the destruction of lake street minneapolis after the murder of george floyd and set out options and ways to rebuild and reimagine lake street after the riots. Film shown to various groups to enourage them to work toward transformation in the minneaplis community and other communities.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $83K | $56K |
| Land, buildings, equipmentLn 10c | $13K | $13K |
| Total assetsLn 16 | $1.3M | $68K |
| LiabilitiesLn 26 | $377K | $269K |
| Net assetsLn 32 | $946K | −$201K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of disqualified personsLn 6 | $80K | $80K | ||
| Other salaries and wagesLn 7 | $366K | $280K | $87K | |
| Advertising and promotionLn 12 | $3K | $3K | ||
| Office expensesLn 13 | $205K | $200K | $1K | $4K |
| OccupancyLn 16 | $140K | $88K | $27K | $25K |
| InsuranceLn 23 | $8K | $5K | $1K | $1K |
| Other expenses (24a–d)Ln 24 | $1.8M | $1.8M | ||
| Total functional expensesLn 25 | $2.6M | $2.4M | $116K | $114K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2023 Latest Viewing | $1.4M | $2.6M | −$1.1M | −$201K | 990 PDF |
| FY2022 | $1.6M | $649K | $917K | $946K | 990 PDF |
| FY2021 | $507K | $545K | −$38K | $21K | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $1,446,972 revenue, 12 lines filed
Part VI · Governance 13 of 13 board members independent, no flags
Part VIII · Statement of revenue $1,446,972 across 4 lines filed
Part IX · Statement of functional expenses $2,593,433 across 7 lines filed
Part X · Balance sheet $68,264 assets, 8 lines filed
Part XI · Reconciliation of net assets −$200,587 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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