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Lake Region Corporation

Devils Lake, ND · EIN 45-0383900 · 501(c)(3) · Publicly supported organization (509(a)(2))
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Lake Region Corporation reported $10.4 million in revenue and $10.1 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $92.16 went to program services, $7.84 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 99.8% of the total. The highest compensation it reported for one person was $165,324 (CEO (To Feb '25)). 4 people received more than $100,000 in reportable compensation. Revenue rose 48% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $10M

For context, the median across 2,433 covered unclassified charities: $88.27 programs, $11.68 management, $0.05 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $10M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 2,433 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
92.2%86.7%
Management & general
Part IX 25(C) ÷ 25(A)
7.8%11.5%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
Not reported$0.01
Contributions & grants share of revenue
Part VIII 1h ÷ 12
0.1%29.9%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%3.8%
Program service revenue share
Part VIII 2g ÷ 12
99.8%58.9%
Highest reported compensation
Part VII-A, columns D–F
$165,324$301,601
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
1.64%1.38%
People paid over $100,000
Part VII, line 2
46
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
5.56.8
Independent voting board members
Part VI 1a–1b
6 of 6100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$8.1M expenses · 87.3% of program spending · grants $3,793 · revenue $9.3M

Lake Region Corporation provides Residential support to 26 consumers and Day Support to 54 consumers. We continue to maintain and update four group homes (2 ICF and 2 MSLA) and a day support program. We are Title XIX certified at our ICF/IID Group Home and have a 4-year certification with the Council on Quality and Leadership. We also support 29 people who reside in an apartment setting, and we support 11 people who are employed in the community. We have 2 individuals in our family support program in which we provide support for the family. We are proud of our renewed contract with the City…

$568K expenses · 6.1% of program spending · revenue $478K

The Organization has a daycare that we provide for Devils Lake area residents that has 51 children enrolled in it

$613K expenses · 6.6% of program spending · revenue $601K

The organization has an Aging Home that provides support for up to 4 individuals

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
CEO (To Feb '25)
Officer, 40.00 hrs/week
$146,731$0$18,593$165,324
RC
Highest compensated employee, 40.00 hrs/week
$112,544$0$17,805$130,349
CFO
Officer, 40.00 hrs/week
$106,495$0$16,999$123,494
COO
Highest compensated employee, 40.00 hrs/week
$105,733$0$17,451$123,184
Executive Director (From Feb '25)
Officer, 40.00 hrs/week
$94,189$0$18,550$112,739
Board Member
Director/trustee, 1.00 hrs/week
$450$0$0$450
Secretary
Director/trustee, officer, 1.00 hrs/week
$450$0$0$450
Vice President
Director/trustee, officer, 1.00 hrs/week
$450$0$0$450

4 people received more than $100,000 in reportable compensation from Lake Region Corporation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $383K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$10M$10M92.2%$4.7M$165,324
FY2024 ⓘ$11M$10M92.8%$4.3M$167,801
FY2023 ⓘ$9.2M$8.9M92.5%$3.7M$152,642
FY2022 ⓘ$9.5M$8.1M91.7%$3.4M$149,025
FY2021 ⓘ$7.5M$7.1M91.9%$1.9M$144,641
FY2020 ⓘ$7.0M$6.4M89.2%$1.5M$145,886

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b6 · 6 independent
  • Audited financial statements Part XII 2bNo
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 5201

Correct a figure or respond

Every number above is copied from Lake Region Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Lake Region Corporation, you can publish a response that is linked from this page.

Questions people ask

How much of Lake Region Corporation's spending goes to programs?

In the fiscal year ending June 30, 2025, Lake Region Corporation reported that 92.2% of its $10.1 million in expenses went to program services, 7.8% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Lake Region Corporation pay its top executive?

The largest total compensation Lake Region Corporation reported for one person in the fiscal year ending June 30, 2025 was $165,324, for the role of CEO (To Feb '25) (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Lake Region Corporation get its money?

Of $10.4 million in revenue in the fiscal year ending June 30, 2025, 0.1% came from contributions and grants and 99.8% from program service revenue (Form 990, Part VIII).

Is Lake Region Corporation a registered charity?

The IRS lists EIN 45-0383900 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202523519349300242 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202510379349301651 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202400949349301850 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202301029349300410 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202220639349301002 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202140699349300544 · read the filing

All filings for EIN 45-0383900: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.