Minnewaska Laker Foundation: Nonprofit Profile, Financials & Form 990 (EIN 71-1041194)

Revenue by fiscal year
FY2021	$65K
FY2022	$377K
FY2023	$139K
FY2024	$2.3M
FY2024	$739K

Expenses by fiscal year
FY2021	Not on file
FY2022	$8K
FY2023	$41K
FY2024	$42K
FY2024	$58K

Net assets by fiscal year
FY2021	−$151K
FY2022	$212K
FY2023	$310K
FY2024	$2.6M
FY2024	$3.5M

Minnewaska Laker Foundation Form 990 (PDF) Claim this org

Form 990 (PDF) Claim this org

Status and standing

Is it real, and can you give to it?

Tax-deductible?

Yes

Per the IRS master file.

Can I give now?

No revocation on IRS record

Not on the IRS revocation list.

Filing up to date?

Filed FY2024 (typical filing lag)

Legal name (IRS)Hdr · item CMinnewaska Laker Foundation

EINHdr · item D71-1041194

Exempt statusHdr · item I501(c)(3) · active

Ruling yearIRS BMFJan 2008

Year of formationHdr · item L2007

Latest filingForm 990FY2024 · Form 990

Principal addressHdr · item CGlenwood, MN

NTEE classificationIRS BMFEducation (B112)

WebsiteHdr · item Jwww.minnewaskalakerfoundation.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising

Allocation · columns B–D

98%

Program services $0.98 Management & general $0.02

Program services98%$57K

Management & general2%$1K

Total functional expensesLn 25$58K

Financial health

Is it on solid ground?

Program efficiency

98%

of spending reaches programs-0.3% vs prior filing year

Operating runway

17.2mo

months of highly liquid reserves at operating expense rate▼ -96% vs prior filing year

Surplus margin

+92%

revenue over expenses, this year▼ -6% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990

Total assets

$3.6M

FY2024▲ +28%

Total assets by fiscal year
FY2021	Not on file
FY2022	$433K
FY2023	$502K
FY2024	$2.8M
FY2024	$3.6M

Total liabilities

$155K

FY2024▼ -20%

Total liabilities by fiscal year
FY2021	Not on file
FY2022	$221K
FY2023	$193K
FY2024	$193K
FY2024	$155K

Revenue less expensesPt I · Ln 19$680K

Total assetsPt X · Ln 16$3.6M

Program-expense ratioPt IX · col B98%

Voting members of governing bodyPt I · Ln 39

Independent voting membersPt I · Ln 49

Balance Sheet

Part X · end of year

CashLn 1$84K

Total assetsLn 16$3.6M

Total liabilitiesLn 26$155K

Total net assetsLn 32$3.5M

Months of cash on handcomputed17.2

Statement of Revenue

Part VIII

Investment income$638K · 86%

Contributions & grants$64K · 9%

Other revenue$37K · 5%

Investment income86%$638K

Contributions & grants9%$64K

Other revenue5%$37K

Total revenueLn 12$739K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it

Liquidity & Payout

Operating runway

Highly liquid reserves $84K · Operating expenses/yr $58K

17.2 months

Where the money goes

Program services

Program services $57K · Total expenses $58K

98%

Management & General

Management & general $1K · Total expenses $58K

Fundraising

Fundraising $0 · Total expenses $58K

Cost to raise $1

Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $800K

Solicited contributions below reporting floor

Where the money comes from

Contribution dependence

Contributions & grants $64K · Total revenue $739K

Government reliance

Government grants — · Total revenue $739K

—

Earned-income share

Program service revenue $0 · Total revenue $739K

Investment reliance

Investment income $638K · Total revenue $739K

+86%

Program self-sufficiency

Program service revenue $0 · Total expenses $58K

Growth & trend

Revenue growth (YoY)

This year $739K · Prior year $2.3M

-68%

Revenue CAGR

FY2020 $65K · FY2024 $739K

+83%

Net-asset trend (YoY)

End of year $3.5M · Beginning of year —

Beginning net assets not meaningfully positive — showing dollar change

Balance sheet

Surplus Margin

Revenue $739K · Expenses $58K

+92%

Liabilities-to-Assets

Total liabilities — · Total assets $3.6M

—

Net-asset ratio

Net assets $3.5M · Total assets $3.6M

96%

Marketable Investment Share

Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $3.6M

People & payroll

Highest Reported Total Compensation

Individual Karna Peters · Reported title Director · Highest reported compensation $0 · Total expenses $58K

Personnel share

Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $58K

Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

Metric	This org	Peer median	Percentile
Program ratio	98%	—	—
Overhead ratio	2%	—	—
Revenue growth	-68%	—	—

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation

Karna Peters

Director

$0Pt VII · Sec A

Rick Ekstrand

Past President

$0Pt VII · Sec A

Donna Braaten

Director

$0Pt VII · Sec A

Brianna Zuber Beckwith

Director

$0Pt VII · Sec A

Chad Barsness

Director

$0Pt VII · Sec A

Bridget Gallagher

Director

$0Pt VII · Sec A

Neil Nelson

Director

$0Pt VII · Sec A

Chris Bennes

Director

$0Pt VII · Sec A

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Governance & Policies

Part VI

9Voting board membersPt VI · Ln 1a
9Independent board membersPt VI · Ln 1b
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
Top official’s pay independently reviewedPt VI · Ln 15aNo
Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Enhances school activities, student opportunities, and community connections for a Minnesota school district.

Provided by the organization

This section is blank until Minnewaska Laker Foundation claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $57K of program spending, described in the organization's own filed words · FY2024.

The foundation donated funds to the Minnewaska Area School District #2149 to help cover the shortfall for extra curricular expenses for students in athletics, academic organizations, music and arts. The total donations to Minnewaska Area Schools totaled $30,460.

$57Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2024

Klick FoundationFY2024$2K

Total grants receivedfrom 1 funder$2K

Filing history

Every return on file.

Year	Revenue	Expenses	Change	Filing
FY2024	$2.3M	$42K	×17	990 PDF
FY2023	$139K	$41K	-63%	990 PDF
FY2022	$377K	$8K	+477%	990 PDF
FY2021	$65K	—		990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings

Form 990 e-file (XML) · FY2024IRS

Classification, formation year, addressIRS Business Master File

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