61
Lake Area Improvement Corporation
Community Development · Madison, South Dakota
Po Box 32, Madison, SD 57042-0032
EIN: 510183368· Founded: Oct 1992· 34 years active· Filing Year: 2023
Annual Revenue
$1.2M
Total Expenses
$492K
Total Assets
$15.4M
Program Spending
64%
of expenses go to programs
Compensation & Payroll
Total Officer Compensation
$143K
29.1% of total expenses
All officers, directors, and key employees combined
Other Salaries & Wages
$54K
Total Payroll
$197K
40% of total expenses
Where the Money Goes
64%
Programs: 64%
Payroll: 40%
Other overhead: 36%
Program Revenue$315K (27%)
Total Expenses$492K (43%)
Payroll$197K (40%)
Overhead (non-program)36%
Trust Score Breakdown
Program Spending Ratio
64% of expenses go to programs
Revenue & Stability
$1.2M annual revenue
Executive Compensation
$143K total officer comp (29.1% of expenses)
Filing Recency
Most recent filing: 2023
Asset Strength
$15.4M in assets
Similar Community Development Nonprofits in South Dakota
Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.