Minnewaska Laker Foundation
Nonprofit profile at a glance
- EIN
- 711041194
- IRS 990 coverage
- 2021–2024
- Forms available
- Form 990 2024, Form 990-EZ 2020, Form 990-T 2021
- Location
- Glenwood, MN, USA
- Phone
- 3202198281
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $738,845
- Expenses
- $58,392
- Assets
- $3,625,490
- Liabilities
- $154,768
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- RICK EKSTRAND (Past President)
- BILL MILLS (President)
- GREG UHDE (Vice President)
People named in this filing
- KARNA PETERS (Director)
- RICK EKSTRAND (Past President)
- DONNA BRAATEN (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Investment-supported. 63% of the money available for current operations came from recurring investment income.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 49
- Transparency & Controls: 86
- Accountability: 70
- Sustainability: 92
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 29.2%; rating input score 29
- Program expense ratio: 98.2%; rating input score 98
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 16th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 92.1%; rating input score 99; 99th percentile among comparable filings
- Total-asset coverage ratio: 62.09; rating input score 99; 99th percentile among comparable filings
- Liabilities to assets ratio: 0.04; rating input score 54; 54th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 42.6% per year; rating input score 100; 94th percentile among comparable filings
- Revenue growth: 27% per year; rating input score 100; 91st percentile among comparable filings
- Asset growth: 29.6% per year; rating input score 100; 90th percentile among comparable filings
Details
- Where the money goes: 29.2% of revenue deployed · 98.2% of spending went to programs
- Governance: 9 of 9 board members independent · 2 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $57K in reported program spending
- Leadership: top reported pay $0 · 18 people listed
- Consistency: 17 of 18 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes major donors
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 29/100.
- High — Accountability: Governance controls: 4 of 6 not reported.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Review — Sustainability: Liabilities to assets ratio scored 54/100.