Nonprofit · EIN 85-4249341
LAKER PREP EARLY CHILDHOOD
Also known as LAKER PREP
Tax-exempt · DETROIT LAKES, MN 56501
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,283,735 | $1,334,177 | -$50,442 | $180,912 | $202,662 | -$21,750 |
| December 31, 2023 | 990 | $1,355,365 | $1,347,199 | $8,166 | $240,941 | $212,249 | $28,692 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $170,103
- of which government grants
- $155,709
- Program service revenue
- $1,103,493
- Investment income
- $0
- Other revenue
- $10,139
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $108,003
- Other salaries and wages
- $788,882
- Salaries, compensation and benefits (total)
- $1,037,645
- Professional fundraising fees
- $0
- Occupancy
- $131,256
- Depreciation
- $15,782
- Program services (functional)
- $1,166,556
- Management and general (functional)
- $162,322
- Fundraising (functional)
- $5,299
Balance sheet and other
- Total assets, start of year
- $240,941
- Total assets, end of year
- $180,912
- Total liabilities, end of year
- $202,662
- Net assets, end of year
- -$21,750
- Land, buildings and equipment
- $62,807
- Net assets without donor restrictions
- -$21,750
- Gross receipts
- $1,283,735
- Employees
- 41
- Year formed
- 2022
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ERIC ROTTER | ASST DIR/BD Trustee or director, Officer | 40 | $42,312 | $13,722 |
| MARY ROTTER | PROGRAM DIRE Officer | 40 | $51,969 | $0 |
| PETER JACOBSEN | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOSH HOCHGRABBER | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| AMANDA HANSON | TREAS/SECR Trustee or director, Officer | 1 | $0 | $0 |
| ALISSA HOBAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TESSA FENU | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARY O'BRIAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARY ROTTER | PROGRAM DIRE Officer | 40 | $50,185 |
| ERIC ROTTER | ASST DIR/BOA Trustee or director, Officer | 40 | $44,557 |
| PETER JACOBSEN | CHAIR Trustee or director, Officer | 1 | $0 |
| JOSH HOCHGRABBER | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| AMANDA HANSON | TREAS/SECR Trustee or director, Officer | 1 | $0 |
| ALISSA HOBAN | BOARD MEMBER Trustee or director | 1 | $0 |
| JESSICA JOHNSON | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 551 11TH AVE SE, DETROIT LAKES, MN 56501-3720
- In care of
- % ERIC ROTTER
- Mailing address (990-N for 2022)
- 551 11th Ave, Detroit Lakes MN 56501
- Principal officer (990 for 2024)
- ERIC ROTTER, 551 11TH AVE SE, DETROIT LAKES, MN 56501
- Principal officer (990-N for 2022)
- Eric Rotter, 551 11th Ave, DETROIT LAKES MN 56501
- Signed the 990
- ERIC ROTTER, ASST DIR/BD MEMBER
- Phone
- (218) 844-3220
- Website
- LAKERPREPPRESCHOOL.COM
- Return prepared by
- HAGA KOMMER LTD
Mission
DEDICATED TO THE CARE AND DEVELOPMENT OF CHILDREN 8 WEEKS TO 6 YEARS OLD. NURTURE AND INDIVIDUALIZE EARLY CHILDHOOD CARE AND LEARNING TO ACCOMODATE BOTH CHILD AND FAMILY NEEDS.
Program accomplishments
- LAKER PREP IS BECKER COUNTY'S LARGEST NON-PROFIT BASED CHILDCARE ORGANIZATION ADVOCATING FOR AND SERVING FAMILIES WITH HIGH QUALITY PROGRAMMING FOR CHILDREN AGES BIRTH TO FIVE. DEVELOPED TO FILL A GAP IN YEAR-ROUND, ALL-DAY CARE, LAKER PREP STARTED IN 2011 SERVING 10 FAMILIES AND QUICKLY EXPANDED TO ITS CURRENT LEVEL OF 90 FAMILIES. FOCUSED ON SERVING THE HEART OF ITS COMMUNITY, LAKER PREP EMBRACES DIVERSE ACCESS TO ITS WIDE RANGE OF SERVICES. CURRENTLY, 27% OF CHILDREN AT LAKER PREP RECEIVE SUBSIDIES, AND 25% OF ENROLLED CHILDREN IDENTIFY AS NON-WHITE. FAMILIES CURRENTLY SERVED ARE IN MANUFACTURING, EDUCATION, TRADES, RETAIL, TOURISM, GOVERNMENT, MEDICAL AND HUMAN SERVICES FIELDS. STANDING FIRM IN THE BELIEF THAT "BIG SUCCESS STARTS SMALL," LAKER PREP STAFF AND LEADERSHIP ARE DEVOTED TO PROVIDING MULTIPLE AVENUES TO THE QUALITY PROGRAMMING THAT REARS THE NEXT GENERATION OF KIND, SUCCESSFUL, AND THOUGHTFUL COMMUNITY LEADERS. PARTNERSHIPS WITH EXTERNAL SERVICE PROVIDERS ENSURE THAT CHILDREN WITH ALL LEVELS OF NEED WORK TOWARDS DEVELOPMENTAL MILESTONES AND MOVE INTO KINDERGARTEN WITH THE SKILLS NECESSARY TO BE SUCCESSFUL. TAKING A COMPREHENSIVE VIEW OF GROWING AND STABILIZING THE CHILDCARE INDUSTRY, LAKER PREP FOCUSES ON CHILDCARE ADVOCACY AND REFORM, ENGAGING IN REGIONAL AND STATEWIDE FORUMS, TASK FORCES, AND INITIATIVES. LAKER PREP DIRECTORS ARE ALSO COMMITTED TO MENTORING AND DEVELOPING THE NEXT COHORT OF CHILDCARE PRACTITIONERS. THEY PARTNER WITH THE LOCAL HIGH SCHOOL IN CREATING OPPORTUNITIES FOR STUDENTS TO EARN A CHILD DEVELOPMENT ASSOCIATE AND CURRENT LAKER PREP STAFF ARE SUPPORTED AND INCENTIVISED TO SEEK ADDITIONAL QUALIFICATIONS AND CERTIFICATIONS. INTEGRATING ITSELF IN THE NETWORK OF FAMILY FOCUSED COMMUNITY ORGANIZATIONS, LAKER PREP SUPPORTS AND PROVIDES COMMUNITY ACTIVITIES, EVENTS, AND RESOURCES TO THE AREA AS A WHOLE. AS SUPPORT FOR THE ORGANIZATION INCREASES, SO TOO WILL THE OFFERINGS FOR FAMILIES AROUND THE REGION. BIG SUCCESS FOR LAKER PREP MEANS BIG SUCCESS FOR THE COMMUNITY, AND IT ALL STARTS SMALL, WITH SUPPORT FROM FUNDERS, COMMUNITY MEMBERS, AND ALL THOSE WILLING TO INVEST IN THE FUTURE.Expenses $1,166,556 · revenue $1,103,493
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-4249341
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P33)
- Assets (IRS master file)
- $180,912
- Income (IRS master file)
- $1,283,735
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,283,735 | $1,334,177 | $180,912 | IRS |
| 990 | December 2023 | $1,355,365 | $1,347,199 | $240,941 | XML |
| 990-N for 2022 Officer: Eric Rotter | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
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 85-4249341).
Questions about LAKER PREP EARLY CHILDHOOD
- What is the EIN of LAKER PREP EARLY CHILDHOOD?
- The employer identification number (EIN) of LAKER PREP EARLY CHILDHOOD is 85-4249341.
- Is LAKER PREP EARLY CHILDHOOD tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to LAKER PREP EARLY CHILDHOOD tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LAKER PREP EARLY CHILDHOOD 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 LAKER PREP EARLY CHILDHOOD due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAKER PREP EARLY CHILDHOOD last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LAKER PREP EARLY CHILDHOOD?
- The 990 for the year ended December 31, 2024 names ERIC ROTTER.
- Who are the officers and directors of LAKER PREP EARLY CHILDHOOD?
- The 990 for the year ended December 31, 2024 lists 8 people; 2 received compensation from the organization, the highest $42,312 (ERIC ROTTER, ASST DIR/BD).
- How much revenue does LAKER PREP EARLY CHILDHOOD have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,283,735, expenses of $1,334,177 and total assets of $180,912 at year end.
Other nonprofits in DETROIT LAKES
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- BOYS & GIRLS CLUB THRIFT STORE OF DETROIT LAKES EIN 27-2588560 · last filed 990 for 2024
- LAKES CRISIS & RESOURCE CENTER EIN 41-1456433 · last filed 990 for 2025
- BLUE SKY SUPPORT SERVICES EIN 26-4299147 · last filed 990 for 2024
- PATRIOT ASSISTANCE DOGS EIN 45-2486498 · last filed 990 for 2024
- CONNECTIONS 34 EIN 92-1226616 · last filed 990-EZ for 2025
- EARLY BIRDS AND NIGHT OWLS CHILD CARE EIN 93-4283808 · last filed 990-EZ for 2025
- FAMILY NEEDS FUND EIN 41-1907433 · last filed 990-N for 2025
All nonprofits in DETROIT LAKES · Minnesota · Human services