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
| Metric | Value |
|---|---|
| Total Revenue | $210K |
| Total Expenses | $185K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $200,000. |
| Net Assets | $357K |
| Transparency Score | 92/100 |
Search Intent Cockpit
Laker Booster Club Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Laker Booster Club Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Laker Booster Club Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $185K and expenses of $185K.
Revenue and Expenses
Laker Booster Club Inc reported $185K in revenue and $185K in expenses, a deficit of $349.
Executive Compensation
Top officer compensation appears as $200,000. in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
92/100 mission score, 0 red flags, and 5 strengths are shown from structured and AI review.
Is Laker Booster Club Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $166K (90%) |
Across stored filings, Laker Booster Club Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade B | 13 stored filing years |
| Peer context | Compare with North American Lake Management Society | Minnesota and Education context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Detroit Lakes, MN nonprofitsEducation in Minnesota
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Keep the Investigation Moving
Laker Booster Club Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
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.
Organization Overview
Laker Booster Club Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 12.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $185K |
| Total Expenses | $185K |
| Surplus / Deficit | $-349 |
| Total Assets | $357K |
| Net Assets | $357K |
| Operating Margin | -0.2% |
| Months of Reserves | 23.2 months |
Financial Health Grade: B
In 2024, Laker Booster Club Inc reported a deficit of $349 with expenses exceeding revenue, holds 23.2 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2024), Laker Booster Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -5.6% | +0.4% | -0.1% |
| 2023 | +14.2% | +20.1% | +3.3% |
| 2022 | +51.1% | +103.0% | +1.7% |
| 2021 | -16.2% | -18.6% | -13.2% |
| 2020 | -23.7% | -25.9% | -9.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
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.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $349, with expenses exceeding revenue.
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 legitimate charity?
Laker Booster Club Inc (EIN: 202297807) is a registered tax-exempt nonprofit based in Minnesota. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $210K. No red flags identified. 5 strengths noted. Financial health grade: B.
How does Laker Booster Club Inc spend its money?
Laker Booster Club Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Laker Booster Club Inc tax-deductible?
Laker Booster Club Inc is registered as a tax-exempt nonprofit (EIN: 202297807). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Laker Booster Club Inc CEO make?
Laker Booster Club Inc's highest-compensated officer earns $200,000. annually. The organization reported $210K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Laker Booster Club Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Laker Booster Club Inc is above average for NTEE category B112 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Laker Booster Club Inc located?
Laker Booster Club Inc is headquartered in Detroit Lakes, Minnesota and files with the IRS under EIN 202297807. It is classified under NTEE code B112.
How many years of IRS 990 filings does Laker Booster Club Inc have?
Laker Booster Club Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $210K in total revenue.
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. % | |
|---|---|---|---|---|---|---|
| 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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Laker Booster Club Inc:
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.