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LAKE AREA Improvement Corporation

Public charityFed auditsIRS 990
Community Development · MADISON, SD · EIN 51-0183368
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About

To enhance the quality of life for ALL citizens of the LAKE county AREA and to facilitate the development and retention of quality jobs that are environmentally and economically compatible for LAKE county.

Donations are tax-deductible
Category
Community Development
Employees
3
Volunteers
15

Financial Snapshot

FY ending 2024-12-31
Revenue
$6.9M
Expenses
$4.1M
Assets
$20.0M
Liabilities
$11.0M

Financial history

$6.9M$3.4M$0
161718192021222324
RevenueExpenses
Latest FY2024: $6.9M · Avg: $1.6M
LAKE AREA IMPROVEMENT CORPORATION
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Address

PO BOX 32
Madison, SD, 57042-003

Governance

Voting board members15
Independent members15
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Initial contract exceptionNo
Public records
ProPublica Nonprofit Explorer ↗
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
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