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Lake Preston Development Corporation

  • Lake Preston, SD
  • Tax-exempt since Oct. 1977
  • EIN: 51-0199304

Organization summary

Type of Nonprofit

Designated as a Civic leagues, social welfare organizations and local associations of employees, created to promote community welfare for charitable, educational or recreational purposes.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$130k (2023)

Expenses
$3.21k (2023)

Total Assets
$693k (2023)

Total Liabilities
$0 (2023)

Years with missing data
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 Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$129,653
Expenses
$3,210
Net Income
$126,443
Net Assets
$692,893
Notable Sources of Revenue Percent of Total Revenue
Contributions $125,000
96.4%
Program Services $0
Investment Income $1,748
1.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$454
Net Inventory Sales $0
Other Revenue $3,359
2.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $692,893
Total Liabilities $0
Net Assets $692,893
Compensation
Key Employees and Officers Compensation Related Other
Luke Smith (President) $0 $0 $0
Zach Huth (Treasurer) $0 $0 $0
Jaryn Huth (Secretary) $0 $0 $0
Donna Buman (Member) $0 $0 $0
Jake Smith (Member) $0 $0 $0
Joan Wolschlager (Member) $0 $0 $0
Morgan Larson (Member) $0 $0 $0
Paul Casper (Member) $0 $0 $0
Shane Odegaard (Member) $0 $0 $0
Zach Hasche (Member) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 13, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$293,316
Expenses
$92,878
Net Income
$200,438
Net Assets
$444,476
Notable Sources of Revenue Percent of Total Revenue
Contributions $120
0.0%
Program Services $0
Investment Income $1,363
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $141
0.0%
Net Fundraising $0
Sales of Assets $291,692
99.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $444,476
Total Liabilities $0
Net Assets $444,476
Compensation
Key Employees and Officers Compensation Related Other
Jake Smith (President) $0 $0 $0
Bob Bode (Vice President) $0 $0 $0
Shane Odeggard (Member) $0 $0 $0
Jeremy Woodcock (Member) $0 $0 $0
Missy Olosn (Treasurer) $0 $0 $0
Rich Hillestad (Member) $0 $0 $0
Joan Wollschlager (Member) $0 $0 $0
Donna Bumann (Member) $0 $0 $0
Lucke Smith (Secretary) $0 $0 $0
Paul Casper (Member) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 14, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$51,204
Expenses
$84,926
Net Income
-$33,722
Net Assets
$342,436
Notable Sources of Revenue Percent of Total Revenue
Contributions $6,331
12.4%
Program Services $5,250
10.3%
Investment Income $2,044
4.0%
Net Fundraising $0
Sales of Assets $37,579
73.4%
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $342,436
Total Liabilities $0
Net Assets $342,436
Compensation
Key Employees and Officers Compensation Other
Bob Bode (President) $0 $0
Shane Odegaard (Secretary) $0 $0
Jeremy Woodcock (Member) $0 $0
Missy Olson (Treasurer) $0 $0
Rick Hillestad (Member) $0 $0
Joan Wollschlager (Member) $0 $0
Jake Smith (Member) $0 $0
Donna Bumann (Member) $0 $0
Sean Mcgraw (Member) $0 $0
Joe Schnell (Member) $0 $0
Danielle Zeeck (Director) $0 $0
+ View more people

Document Links

990-EZ
Filed on Nov. 15, 2022

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$41,410
Expenses
$10,735
Net Income
$30,675
Net Assets
$376,158
Notable Sources of Revenue Percent of Total Revenue
Contributions $14,300
34.5%
Program Services $26,022
62.8%
Investment Income $1,088
2.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $376,158
Total Liabilities $0
Net Assets $376,158
Compensation
Key Employees and Officers Compensation Other
Bob Bode (President) $0 $0
Shane Odegaard (Secretary) $0 $0
Jeremy Woodcock (Member) $0 $0
Missy Olson (Treasurer) $0 $0
Rick Hillestad (Member) $0 $0
Joan Wollschlager (Member) $0 $0
Jake Smith (Member) $0 $0
Donna Bumann (Member) $0 $0
Sean Mcgraw (Member) $0 $0
Joe Schnell (Member) $0 $0
Danielle Zeeck (Director) $0 $0
+ View more people

Document Links

990-EZ
Filed on Nov. 13, 2021

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$47,842
Expenses
$53,806
Net Income
-$5,964
Net Assets
$322,577
Notable Sources of Revenue Percent of Total Revenue
Contributions $8,025
16.8%
Program Services $39,519
82.6%
Investment Income $298
0.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $381,677
Total Liabilities $59,100
Net Assets $322,577
Compensation
Key Employees and Officers Compensation Other
Bob Bode (President) $0 $0
Shane Odegaard (Secretary) $0 $0
Jeremy Woodcock (Member) $0 $0
Missy Olson (Treasurer) $0 $0
Rick Hillestad (Member) $0 $0
Joan Wollschlager (Member) $0 $0
Jake Smith (Member) $0 $0
Donna Bumann (Member) $0 $0
Sean Mcgraw (Member) $0 $0
Joe Schnell (Member) $0 $0
Danielle Zeeck (Director) $0 $0
+ View more people

Document Links

990-EZ
Filed on Nov. 15, 2019

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$26,689
Expenses
$15,180
Net Income
$11,509
Net Assets
$328,541
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,200
19.5%
Program Services $20,815
78.0%
Investment Income $674
2.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $387,641
Total Liabilities $59,100
Net Assets $328,541
Compensation
Key Employees and Officers Compensation Other
Danielle Zeeck (Director) $2,020 $0
Bob Bode (President) $0 $0
Shane Odegaard (Secretary) $0 $0
Jeremy Woodcock (Member) $0 $0
Missy Olson (Treasurer) $0 $0
Rick Hillestad (Member) $0 $0
Joan Wollschlager (Member) $0 $0
Jake Smith (Member) $0 $0
Donna Bumann (Member) $0 $0
Sean Mcgraw (Member) $0 $0
Joe Schnell (Member) $0 $0
+ View more people

Document Links

990-EZ
Filed on Nov. 15, 2018

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$29,985
Expenses
$7,391
Net Income
$22,594
Net Assets
$299,576
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $17,193
57.3%
Investment Income $793
2.6%
Net Fundraising $0
Sales of Assets $11,999
40.0%
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $299,576
Total Liabilities $0
Net Assets $299,576

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$18,732
Expenses
$14,304
Net Income
$4,428
Net Assets
$276,982
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $17,920
95.7%
Investment Income $812
4.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $276,982
Total Liabilities $0
Net Assets $276,982

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$19,789
Expenses
$4,810
Net Income
$14,979
Net Assets
$272,554
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,248
16.4%
Investment Income $16,541
83.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $272,554
Total Liabilities $0
Net Assets $272,554

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$26,745
Expenses
$15,268
Net Income
$11,477
Net Assets
$257,575
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $16,766
62.7%
Investment Income $650
2.4%
Net Fundraising $0
Sales of Assets $9,329
34.9%
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $257,575
Total Liabilities $0
Net Assets $257,575

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$16,005
Expenses
$6,645
Net Income
$9,360
Net Assets
$246,098
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,798
92.5%
Investment Income $1,207
7.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $246,098
Total Liabilities $0
Net Assets $246,098

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
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

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
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

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF
PDF (2 of 2)

Fiscal Year Ending Dec.
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

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

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.

Which Organizations Are Here?

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 »

Get the Data

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.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • 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.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated