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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Community Improvement & Capacity Building Lake Area Improvement Corporation

Lake Area Improvement Corporation

Fiscal year ending 2020. Filed on August 5, 2021.

PO Box 32
Madison, South Dakota 57042

Lake Area Improvement Corporation (EIN: 51-0183368) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2020 IRS Form 990 filing, Lake Area Improvement Corporation, a 501(c)(3) charitable organization, reported compensation for 1 out of 2 total employees. Among the employees shown here, the average compensation is $100,905. The highest compensated employee at Lake Area Improvement Corporation is Eric Fosheim with fiscal year 2020 compensation of $100,905.

Revenue, expenses, and employee compensation

Revenue

$482,303

Expenses

$330,279

Employee compensation

$166,394
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Eric Fosheim
Executive Director
$100,905
$95,042 No related comp$5,863

Benchmark Employee Compensation

Non-Employee Board Members

Adam Shaw
Director
Dan Roemen
Director
Delon Mork
Director
Dennis Slaughter
Director
Dr Jose-Marie Griffiths
Director
Dustin Williams
Director
Eric Sinclair
Vice President
Floyd Rummel
Secretary and Treasurer
Jeff Bloom
Director
Michael Brooke
Director
Mike Jaspers
Director
Mike Malone
President

Mission Statement

TO ENHANCE THE QUALITY OF LIFE FOR ALL CITIZENS OF THE LAKE COUNTY AREA AND TO FACILITATE THE DEVELOPMENT AND RETENTION OF QUALITY JOBS THAT ARE ENVIRONMENTALLY AND ECONOMICALLY COMPATIBLE FOR LAKE COUNTY.

Revisions to this organization profile

September 3, 2025:
2024 Lake Area Improvement Corporation 990 filed
August 30, 2024:
2023 Lake Area Improvement Corporation 990 filed
October 2, 2023:
2022 Lake Area Improvement Corporation 990 filed

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