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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 Lake Preston Development Corporation

Lake Preston Development Corporation

Fiscal year ending 2024. Filed on November 6, 2025.

PO Box 215
Lake Preston, South Dakota 57249

Lake Preston Development Corporation (EIN: 51-0199304) has filed an IRS Form 990 between fiscal years 2017 and 2024. In its fiscal year 2024 IRS Form 990 filing, Lake Preston Development Corporation, a 501(c)(4) civic league or social welfare organization, reported compensation for 3 employees. Among the employees shown here, the average compensation is $0.

Revenue, expenses, and employee compensation

Revenue

$6,907

Expenses

$131,705

Employee compensation

$0
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Luke Smith
President
$0
Jaryn Huth
Secretary
$0
Zach Huth
Treasurer
$0

Benchmark Employee Compensation

Non-Employee Board Members

Donna Buman
Member
Jake Smith
Member
Joan Wolschlager
Member
Morgan Larson
Member
Paul Casper
Member
Shane Odegaard
Member
Zach Hasche
Member

Mission Statement

TO PROMOTE, ASSIST, ENCOURAGE, AND DEVELOP THE BUSINESS AND ECONOMIC PROSPERITY OF LAKE PRESTON, SD, AND THE SURROUNDING AREA. TO ENCOURAGE NEW INDUSTRY TO REHABILITATE EXISTING INDUSTRIES, AND TO PROMOTE THE AGRICULTURAL AND RECREATIONAL DEVELOPMENT OF LAKE PRESTON, SD, AND SURROUNDING AREAS.

Revisions to this organization profile

November 6, 2025:
2024 Lake Preston Development Corporation 990 filed
November 13, 2024:
2023 Lake Preston Development Corporation 990 filed
November 14, 2023:
2022 Lake Preston Development Corporation 990 filed

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