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Lake Region Corporation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$9.19M (2023)

Expenses
$8.87M (2023)

Total Assets
$5.18M (2023)

Total Liabilities
$1.49M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,193,984
Expenses
$8,872,371
Net Income
$321,613
Net Assets
$3,688,733
Notable Sources of Revenue Percent of Total Revenue
Contributions $86,906
0.9%
Program Services $9,100,762
99.0%
Investment Income $3,316
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $3,000
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $277,633
3.1%
Professional Fundraising Fees $0
Other Salaries and Wages $5,649,895
63.7%
Assets/Debt
Total Assets $5,175,455
Total Liabilities $1,486,722
Net Assets $3,688,733
Compensation
Key Employees and Officers Compensation Related Other
Jeffry Jacobson (Ceo) $132,488 $0 $20,154
Sandra Svedberg (Cfo) $94,429 $0 $18,434
Morgan Fee (President) $375 $0 $0
David Oehlke (Vice President) $375 $0 $0
Peggy Peters (Secretary/Treasurer) $375 $0 $0
Allison Ternes (Board Member) $375 $0 $0
Julie Sandbakken (Board Member) $150 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,506,457
Expenses
$8,078,857
Net Income
$1,427,600
Net Assets
$3,367,120
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,163,749
12.2%
Program Services $8,341,280
87.7%
Investment Income $1,428
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $261,274
3.2%
Professional Fundraising Fees $0
Other Salaries and Wages $5,207,567
64.5%
Assets/Debt
Total Assets $4,659,780
Total Liabilities $1,292,660
Net Assets $3,367,120
Compensation
Key Employees and Officers Compensation Related Other
Jeffry Jacobson (Ceo) $129,526 $0 $19,499
Sandra Svedberg (Cfo) $82,989 $0 $17,499
Allison Ternes (Board Member) $525 $0 $0
David Oehlke (Vice President) $450 $0 $0
Peggy Peters Board Member Jul (Feb)/Secretary/Treasurer(feb Jun)) $450 $0 $0
Morgan Fee (President) $375 $0 $0
Anne Dumont (Secretary/Treasurer (June February)) $375 $0 $0
Julie Sandbakken (Board Member (Februrary June)) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,505,142
Expenses
$7,104,973
Net Income
$400,169
Net Assets
$1,939,520
Notable Sources of Revenue Percent of Total Revenue
Contributions $48,640
0.6%
Program Services $7,455,670
99.3%
Investment Income $832
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $244,532
3.4%
Professional Fundraising Fees $0
Other Salaries and Wages $4,557,468
64.1%
Assets/Debt
Total Assets $4,164,941
Total Liabilities $2,225,421
Net Assets $1,939,520
Compensation
Key Employees and Officers Compensation Related Other
Jeffry Jacobson (Ceo) $125,161 $0 $19,480
Sandra Svedberg (Cfo) $79,668 $0 $15,819
Morgan Fee (Board Member) $375 $0 $0
Allison Ternes (President) $300 $0 $0
David Oehlke (Vice President) $300 $0 $0
Anne Dumont (Secretary/Treasurer) $300 $0 $0
Peggy Peters (Board Member) $300 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,027,981
Expenses
$6,418,899
Net Income
$609,082
Net Assets
$1,539,351
Notable Sources of Revenue Percent of Total Revenue
Contributions $8,378
0.1%
Program Services $7,018,492
99.9%
Investment Income $1,111
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $337,724
5.3%
Professional Fundraising Fees $0
Other Salaries and Wages $4,069,370
63.4%
Assets/Debt
Total Assets $2,405,224
Total Liabilities $865,873
Net Assets $1,539,351
Compensation
Key Employees and Officers Compensation Related Other
Jeffry Jacobson (Ceo) $129,041 $0 $16,845
Peggy Peters Cfo July March (Board Member (April June)) $121,183 $0 $14,690
Sandra Svedberg (Cfo (March June)) $58,146 $0 $6,275
Allison Ternes (President) $300 $0 $0
Anne Dumont (Secretary/Treasurer) $300 $0 $0
Morgan Fee (Board Member) $300 $0 $0
David Oehlke (Vice President) $225 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,120,046
Expenses
$5,371,246
Net Income
$748,800
Net Assets
$930,269
Notable Sources of Revenue Percent of Total Revenue
Contributions $7,552
0.1%
Program Services $6,111,796
99.9%
Investment Income $698
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $271,525
5.1%
Professional Fundraising Fees $0
Other Salaries and Wages $3,493,659
65.0%
Assets/Debt
Total Assets $2,017,370
Total Liabilities $1,087,101
Net Assets $930,269
Compensation
Key Employees and Officers Compensation Related Other
Jeffry Jacobson (Ceo) $120,996 $0 $15,107
Peggy Peters (Cfo) $110,438 $0 $16,851
Allison Ternes (President) $300 $0 $0
David Oehlke (Vice President) $300 $0 $0
Anne Dumont (Secretary/Treasurer) $225 $0 $0
Morgan Fee (Board Member) $225 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,444,385
Expenses
$4,473,039
Net Income
-$28,654
Net Assets
$181,469
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,773
0.0%
Program Services $4,442,027
99.9%
Investment Income $585
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $261,205
5.8%
Professional Fundraising Fees $0
Other Salaries and Wages $2,804,718
62.7%
Assets/Debt
Total Assets $1,651,250
Total Liabilities $1,469,781
Net Assets $181,469
Compensation
Key Employees and Officers Compensation Related Other
Jeffry Jacobson (Ceo) $116,147 $0 $25,144
Peggy Peters (Cfo) $105,830 $0 $16,182
Allison Ternes (President) $375 $0 $0
Anne Dumont (Secretary/Treasurer) $375 $0 $0
David Oehlke (Vice President) $225 $0 $0
Morgan Fee (Board Member (Began November)) $75 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,191,537
Expenses
$4,248,081
Net Income
-$56,544
Net Assets
$210,123
Notable Sources of Revenue Percent of Total Revenue
Contributions $351
0.0%
Program Services $4,190,851
100.0%
Investment Income $335
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $254,597
6.0%
Professional Fundraising Fees $0
Other Salaries and Wages $2,612,078
61.5%
Assets/Debt
Total Assets $1,304,617
Total Liabilities $1,094,494
Net Assets $210,123
Compensation
Key Employees and Officers Compensation Related Other
Jeffry Jacobson (Ceo) $102,525 $0 $24,582
Peggy Peters (Cfo) $87,925 $0 $31,767
Allison Ternes (Vice President) $375 $0 $0
Mike Hurley (President) $225 $0 $0
Anne Dumont (Secretary/Treasurer) $225 $0 $0
Dave Oehlke (Board Member) $225 $0 $0
Linda Ehnert (Board Member) $150 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,316,997
Expenses
$4,279,553
Net Income
$37,444
Net Assets
$266,667
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,214
0.1%
Program Services $4,313,458
99.9%
Investment Income $325
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $310,255
7.2%
Professional Fundraising Fees $0
Other Salaries and Wages $2,562,797
59.9%
Assets/Debt
Total Assets $1,353,486
Total Liabilities $1,086,819
Net Assets $266,667
Compensation
Key Employees and Officers Compensation Related Other
Debra Johnson (Ceo) $118,930 $0 $12,769
Peggy Peters (Cfo) $105,875 $0 $15,381
Jeffry Jacobson From Nov (Ceo) $94,853 $0 $12,964
Anne Dumont (Secretary/Treasurer) $1,350 $0 $0
Mike Hurley (President) $375 $0 $0
Allison Ternes (Vice President) $375 $0 $0
Dave Oehlke (Board Member) $375 $0 $0
Linda Ehnert (Board Member) $225 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,224,573
Expenses
$4,163,715
Net Income
$60,858
Net Assets
$229,223
Notable Sources of Revenue Percent of Total Revenue
Contributions $910
0.0%
Program Services $4,223,448
100.0%
Investment Income $215
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $237,039
5.7%
Professional Fundraising Fees $0
Other Salaries and Wages $2,607,496
62.6%
Assets/Debt
Total Assets $1,179,284
Total Liabilities $950,061
Net Assets $229,223
Compensation
Key Employees and Officers Compensation Related Other
Debra Johnson (Ceo) $112,537 $0 $13,122
Margaret Peters (Cfo) $97,832 $0 $14,668
Mike Hurley (President) $300 $0 $0
Anne Dumont (Secretary/Treasurer) $300 $0 $0
Dave Oehlke (Board Member) $300 $0 $0
Allison Ternes (Vice President) $225 $0 $0
Linda Ehnert (Board Member) $150 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,018,562
Expenses
$4,048,412
Net Income
-$29,850
Net Assets
$168,365
Notable Sources of Revenue Percent of Total Revenue
Contributions $608
0.0%
Program Services $4,017,649
100.0%
Investment Income $305
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $241,086
6.0%
Professional Fundraising Fees $0
Other Salaries and Wages $2,479,023
61.2%
Assets/Debt
Total Assets $1,101,207
Total Liabilities $932,842
Net Assets $168,365
Compensation
Key Employees and Officers Compensation Related Other
Debra Johnson (Ceo) $106,648 $0 $12,033
Margaret Peters (Cfo) $92,142 $0 $15,072
Anne Dumont (Secretary/Treasurer) $375 $0 $0
Dave Oehlke (Board Member) $375 $0 $0
Mike Hurley (President) $300 $0 $0
Allison Ternes (Vice President) $300 $0 $0
Linda Ehnert (Board Member) $300 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,652,770
Expenses
$3,639,401
Net Income
$13,369
Net Assets
$198,215
Notable Sources of Revenue Percent of Total Revenue
Contributions $416
0.0%
Program Services $3,651,655
100.0%
Investment Income $699
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $286,127
7.9%
Professional Fundraising Fees $0
Other Salaries and Wages $2,133,158
58.6%
Assets/Debt
Total Assets $1,159,306
Total Liabilities $961,091
Net Assets $198,215

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,531,333
Expenses
$3,750,655
Net Income
-$219,322
Net Assets
$184,846
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,522,515
99.8%
Investment Income $553
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $8,265
0.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $210,011
5.6%
Professional Fundraising Fees $0
Other Salaries and Wages $2,115,558
56.4%
Assets/Debt
Total Assets $1,174,580
Total Liabilities $989,734
Net Assets $184,846

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,364,761
Expenses
$3,453,577
Net Income
-$88,816
Net Assets
$193,138
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,381,886
> 100%
Investment Income $739
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $193,259
5.6%
Professional Fundraising Fees $0
Other Salaries and Wages $1,998,935
57.9%
Assets/Debt
Total Assets $1,168,326
Total Liabilities $975,188
Net Assets $193,138

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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