Lake Area Improvement Corporation

Community development organization based in Madison, SD. 2 employees. Exempt under §501(c)(3).

MissionTO 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.

EIN
51-0183368
State
SD
Sector
Community development
Budget band
$1M–$2.5M
Latest filing
TY 2023
Records
1 officers · 5 years

Financial snapshot · TY 2023

$1.2M
Total revenue
$492K
Total expenses
$15.4M
Net assets

Financial health · TY 2023

79
Strong financial health
Composite score out of 100 based on reserve ratio, program efficiency, and revenue diversification.
Reserve ratio
100
144 months of expenses
Program efficiency
57
72.6% spent on programs
Revenue diversity
79
Mix of program fees, grants & contributions

Leadership compensation

Brooke Rollag
EXECUTIVE DI
$142,980
63th percentile vs. peers

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Lake Area Improvement Corporation Executive Compensation | 990 Data | DoubleNine