Laker Booster Club Inc

Laker Booster Club Inc maintains stable finances with volunteer leadership and consistent asset growth.

EIN: 202297807 · Detroit Lakes, MN · NTEE: B112 · Updated: 2026-03-28

$210KRevenue

$338KAssets

92/100Mission Score (Excellent)

B112

About Laker Booster Club Inc

Laker Booster Club Inc (EIN: 202297807) is a nonprofit organization based in Detroit Lakes, MN, classified under NTEE code B112. The organization reported total revenue of $210K and total assets of $338K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Laker Booster Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Laker Booster Club Inc demonstrates consistent financial health with stable revenue streams and a strong asset base. Over the past five years, revenue has fluctuated but generally remained in the $113,000 - $195,000 range, with the latest reported revenue at $210,216. The organization consistently maintains a healthy reserve, with assets of $337,902 as of the latest filing, and has reported zero liabilities in its most recent filings (2022-2024), indicating strong financial management and solvency. 

The organization's spending efficiency appears high, as it consistently reports 0% officer compensation, suggesting that its leadership is volunteer-based, which minimizes administrative overhead. While specific program spending percentages are not detailed in the provided data, the absence of officer compensation is a positive indicator for efficient use of funds. The consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to transparency, allowing public scrutiny of its financial activities.

Overall, Laker Booster Club Inc appears to be a well-managed and financially stable organization, effectively utilizing its resources given its consistent revenue and asset growth, and its commitment to transparency through regular filings and zero reported officer compensation.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Laker Booster Club Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Laker Booster Club Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported at 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly efficient for an organization of its size with revenues typically under $200,000.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Strengths

The following positive indicators were identified for Laker Booster Club Inc:

Consistent 0% officer compensation, indicating volunteer leadership and high efficiency.
Strong financial health with consistent asset growth, reaching $337,902 in the latest period.
Zero reported liabilities in recent filings (2022-2024), demonstrating excellent solvency.
Long history of IRS 990 filings (13 filings), indicating strong transparency.
Stable revenue streams, with the latest revenue at $210,216.

Frequently Asked Questions about Laker Booster Club Inc

Is Laker Booster Club Inc a good charity?

Based on the provided data, Laker Booster Club Inc appears to be a good charity. It demonstrates strong financial health, consistent transparency through 990 filings, and highly efficient operations with 0% officer compensation.

How has Laker Booster Club Inc's revenue trended over the past five years?

Over the past five years, Laker Booster Club Inc's revenue has shown growth and stability, increasing from $113,304 in 2021 to $195,519 in 2023, and reaching $210,216 in the latest period, with a slight dip in 2024 to $184,598.

Does Laker Booster Club Inc have significant liabilities?

No, Laker Booster Club Inc has reported $0 in liabilities for its most recent three filing periods (2022, 2023, 2024), indicating a very strong financial position.

Filing History

IRS 990 filing history for Laker Booster Club Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2012–2024), Laker Booster Club Inc's revenue has grown by 330.9%, moving from $43K to $185K. Total assets increased by 1513.5% over the same period, from $22K to $357K. Total functional expenses rose by 327.5%, from $43K to $185K. In its most recent filing year (2024), Laker Booster Club Inc reported a deficit of $349, with expenses exceeding revenue.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$185K	$185K	$357K	$0	—	—
2023	$196K	$184K	$358K	$0	—	—
2022	$171K	$153K	$346K	$0	—	View 990
2021	$113K	$76K	$341K	$12K	—	—
2020	$135K	$93K	$392K	$102K	—	—
2019	$177K	$125K	$434K	$186K	—	View 990
2018	$178K	$50K	$350K	$154K	—	—
2017	$53K	$49K	$69K	$0	—	View 990
2016	$52K	$24K	$64K	$0	—	View 990
2015	$43K	$39K	$36K	$0	—	View 990
2014	$46K	$41K	$32K	$0	—	View 990
2013	$45K	$39K	$28K	$0	—	View 990
2012	$43K	$43K	$22K	$0	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $185K, expenses of $185K, and assets of $357K (revenue -5.6% year-over-year).
2023: Revenue of $196K, expenses of $184K, and assets of $358K (revenue +14.2% year-over-year).
2022: Revenue of $171K, expenses of $153K, and assets of $346K (revenue +51.1% year-over-year).
2021: Revenue of $113K, expenses of $76K, and assets of $341K (revenue -16.2% year-over-year).
2020: Revenue of $135K, expenses of $93K, and assets of $392K (revenue -23.7% year-over-year).
2019: Revenue of $177K, expenses of $125K, and assets of $434K (revenue -0.2% year-over-year).
2018: Revenue of $178K, expenses of $50K, and assets of $350K (revenue +232.8% year-over-year).
2017: Revenue of $53K, expenses of $49K, and assets of $69K (revenue +2.3% year-over-year).
2016: Revenue of $52K, expenses of $24K, and assets of $64K (revenue +22.3% year-over-year).
2015: Revenue of $43K, expenses of $39K, and assets of $36K (revenue -6.4% year-over-year).
2014: Revenue of $46K, expenses of $41K, and assets of $32K (revenue +2.1% year-over-year).
2013: Revenue of $45K, expenses of $39K, and assets of $28K (revenue +4.2% year-over-year).
2012: Revenue of $43K, expenses of $43K, and assets of $22K.

Data Sources and Methodology

This transparency report for Laker Booster Club Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.