Nonprofit · EIN 71-1041194
MINNEWASKA LAKER FOUNDATION
Tax-exempt · GLENWOOD, MN 56334
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $738,845 | $58,392 | $680,453 | $3,625,490 | $154,768 | $3,470,722 |
| June 30, 2024 | 990 | $2,319,999 | $41,760 | $2,278,239 | $2,828,139 | $193,018 | $2,635,121 |
| June 30, 2023 | 990 | $139,351 | $41,226 | $98,125 | $502,310 | $192,520 | $309,790 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $63,811
- Program service revenue
- $0
- Investment income
- $637,729
- Net gain from sales of assets
- $468,750
- Net income from fundraising events
- $37,305
- Other revenue
- $37,305
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $2,173
- Program services (functional)
- $57,354
- Management and general (functional)
- $1,038
Balance sheet and other
- Total assets, start of year
- $2,828,139
- Total assets, end of year
- $3,625,490
- Total liabilities, end of year
- $154,768
- Net assets, end of year
- $3,470,722
- Net assets without donor restrictions
- $22,016
- Net assets with donor restrictions
- $3,448,706
- Gross receipts
- $746,280
- Employees
- 0
- Year formed
- 2007
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KARNA PETERS | Director Trustee or director | 2 | $0 |
| RICK EKSTRAND | Past President Trustee or director | 2 | $0 |
| DONNA BRAATEN | Director Trustee or director | 2 | $0 |
| BRIANNA ZUBER BECKWITH | Director Trustee or director | 2 | $0 |
| CHAD BARSNESS | Director Trustee or director | 2 | $0 |
| BRIDGET GALLAGHER | Director Trustee or director | 2 | $0 |
| NEIL NELSON | Director Trustee or director | 2 | $0 |
| CHRIS BENNES | Director Trustee or director | 2 | $0 |
| BREANNA SHERLIN | Secretary Trustee or director, Officer | 8 | $0 |
| SHEILA PFENINGER | Director Trustee or director, Officer | 8 | $0 |
| KESHIA SOLEM | Director Trustee or director | 2 | $0 |
| JENNIFER ERICKSON | Director Trustee or director | 2 | $0 |
| BILL MILLS | President Trustee or director, Officer | 8 | $0 |
| GREG UHDE | Vice President Trustee or director, Officer | 8 | $0 |
| HEIDI POLZIN | Director Trustee or director | 2 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KARNA PALMER | Director Trustee or director | 2 | $0 |
| ZACH LAGRED | Director Trustee or director | 2 | $0 |
| MARNIE GUGISBERG | Treasurer Trustee or director, Officer | 8 | $0 |
990 for the year ended June 30, 2024: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KARNA PETERS | Director Trustee or director | 2 | $0 |
| RICK EKSTRAND | Past President Trustee or director | 2 | $0 |
| DONNA BRAATEN | Director Trustee or director | 2 | $0 |
| BRIANNA ZUBER BECKWITH | Director Trustee or director | 2 | $0 |
| CHAD BARSNESS | Director Trustee or director | 2 | $0 |
| BRIDGET GALLAGHER | Director Trustee or director | 2 | $0 |
| NEIL NELSON | Director Trustee or director | 2 | $0 |
| CHRIS BENNES | Director Trustee or director | 2 | $0 |
| BREANNA SHERLIN | Secretary Trustee or director, Officer | 8 | $0 |
| SHEILA PFENINGER | Director Trustee or director, Officer | 8 | $0 |
| KESHIA SOLEM | Director Trustee or director | 2 | $0 |
| JENNIFER ERICKSON | Director Trustee or director | 2 | $0 |
| BILL MILLS | President Trustee or director, Officer | 8 | $0 |
| GREG UHDE | Vice President Trustee or director, Officer | 8 | $0 |
| HEIDI POLZIN | Director Trustee or director | 2 | $0 |
| KARNA PALMER | Director Trustee or director | 2 | $0 |
| ZACH LAGRED | Director Trustee or director | 2 | $0 |
| MARNIE GUGISBERG | Treasurer Trustee or director, Officer | 8 | $0 |
990 for the year ended June 30, 2023: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KARNA PETERS | President Trustee or director | 2 | $0 |
| RICK EKSTRAND | Past President Trustee or director | 2 | $0 |
| DONNA BRAATEN | Secretary Trustee or director | 2 | $0 |
| BRIANNA ZUBER BECKWITH | Director Trustee or director | 2 | $0 |
| CHAD BARSNESS | Director Trustee or director | 2 | $0 |
| BRIDGET GALLAGHER | Director Trustee or director | 2 | $0 |
| NEIL NELSON | Director Trustee or director | 2 | $0 |
| CHRIS BENNES | Director Trustee or director | 2 | $0 |
| BREANNA SHERLIN | Director Trustee or director, Officer | 8 | $0 |
| SHEILA PFENINGER | Treasurer Trustee or director, Officer | 8 | $0 |
| KESHIA SOLEM | Director Trustee or director | 2 | $0 |
| JENNIFER ERICKSON | Director Trustee or director | 2 | $0 |
| BILL MILLS | Director Trustee or director, Officer | 8 | $0 |
| GREG UHDE | Vice President Trustee or director, Officer | 8 | $0 |
| HEIDI POLZIN | Director Trustee or director | 2 | $0 |
| KARNA PALMER | Director Trustee or director | 2 | $0 |
| ZACH LAGRED | Director Trustee or director | 2 | $0 |
| MARNIE GUGISBERG | Treasurer Trustee or director, Officer | 8 | $0 |
Address and contacts
- Address (IRS master file)
- 25122 STATE HIGHWAY 28, GLENWOOD, MN 56334-3390
- In care of
- % KARNA M PETERS
- Principal officer (990 for 2024)
- MARNIE GUGISBERG, 25122 ST HWY 28, GLENWOOD, MN 56334
- Signed the 990
- MARNIE GUGISBERG, Treasurer
- Phone
- (320) 219-8281
- Return prepared by
- Anfinson Thompson & CoPA
Mission
To support, aid, promote, enhance and improve the activities programs (including athletics, fine arts, music and academic activities) of the Minnewaska Area School District # 2149 in Pope County, Minnesota. To enhance and secure student opportunities to participate in activities and to strengthen the relationship that exists between the school district, it's alumni and the communities that it serves, including Glenwood, Lowry, Starbuck, Sedan and Villard. To strengthen the educational system of the school district.
Program accomplishments
- The foundation donated funds to the Minnewaska Area School District #2149 to help cover the shortfall for extra curricular expenses for students in athletics, academic organizations, music and arts. The total donations to Minnewaska Area Schools totaled $30,460. Over 1,000 students are served by the Minnewaska Area School District #2149 in grades K-12, and the majority of those students benefit from the donations and activities of the Minnewaska Laker Foundation. The foundation donated $5,000 to the Minnewaska Baseball Association (a 501(c)(3) organization) for baseball field and stadium improvements on the Minnewaska Area School campus. The foundation donated $1,000 to Minnewaska Dollars for Scholars (a 501(c)(3) organization)for scholarships for Minnewaska graduates.Expenses $57,354
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 71-1041194
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2008
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B112)
- Assets (IRS master file)
- $3,625,490
- Income (IRS master file)
- $746,280
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $738,845 | $58,392 | $3,625,490 | IRS |
| 990 | June 2024 | $2,319,999 | $41,760 | $2,828,139 | XML |
| 990 | June 2023 | $139,351 | $41,226 | $502,310 | XML |
| 990 | June 2022 | $376,896 | $8,235 | $432,683 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990-EZ | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990-EZ | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 71-1041194).
Questions about MINNEWASKA LAKER FOUNDATION
- What is the EIN of MINNEWASKA LAKER FOUNDATION?
- The employer identification number (EIN) of MINNEWASKA LAKER FOUNDATION is 71-1041194.
- Is MINNEWASKA LAKER FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to MINNEWASKA LAKER FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MINNEWASKA LAKER FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MINNEWASKA LAKER FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MINNEWASKA LAKER FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MINNEWASKA LAKER FOUNDATION?
- The 990 for the year ended June 30, 2025 names MARNIE GUGISBERG.
- Who are the officers and directors of MINNEWASKA LAKER FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 18 people; 0 received compensation from the organization.
- How much revenue does MINNEWASKA LAKER FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $738,845, expenses of $58,392 and total assets of $3,625,490 at year end.
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