Lake Region Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 450383900 ✦ Devils lake, ND ✦ Designated as a 501(c)(3)

Overview

What is Lake Region Corporation?

Lake Region Corporation is a nonprofit organization situated in Devils Lake, North Dakota, specifically at 224 3rd St NW, 58301. Their primary focus is to offer residential support to 24 individuals and day support to 51 consumers. They manage and maintain four group homes, two of which are Intermediate Care Facilities for Individuals with Intellectual Disabilities (ICF/IID) and two are Medicaid State Licensing Agency (MSLA) homes. Furthermore, they operate a day support program. Lake Region Corporation is Title XIX certified at their ICF/IID Group Home and holds a 4-year certification with the Council on Quality and Leadership. They also support individuals living in apartment settings and those employed in the community, totaling 27 and 13 respectively. Their mission is to help people achieve success in their personal lives and within their communities. The organization is proud of its renewed contract with the City of Devils Lake for recycling services.


Official website here: www.lakeregioncorp.com

Is Lake Region Corporation legitimate?

Lake Region Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Region Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $261,274
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,207,567

For more financial information, click here


Official website here: www.lakeregioncorp.com

What is the mission statement of Lake Region Corporation?

Lake Region Corporation's mission is centered around providing assistance to individuals in striving for success in their personal lives and within their communities. They achieve this goal through various support services, including residential and day programs. The corporation maintains and upgrades four group homes and a day support program, catering to a total of 78 consumers. They are Title XIX certified at one of their ICF/IID Group Homes and hold a 4-year certification with the Council on Quality and Leadership. Additionally, Lake Region Corporation supports individuals living in apartment settings and those employed in the community. They take pride in their renewed contract with Devils Lake City for recycling services.


Official website here: www.lakeregioncorp.com

Who is the CEO of Lake Region Corporation?

Jeffry Jacobson is the President of Lake Region Corporation. The CEO's salary of Lake Region Corporation is $129,526 and their total compensation is $149,025.


Official website here: www.lakeregioncorp.com

What is the revenue of Lake Region Corporation?

Lake Region Corporation's revenue in 2022 was $9,506,457.


Official website here: www.lakeregioncorp.com

Who are the executives of Lake Region Corporation and what are their salaries?

The average compensation at Lake Region Corporation during 2022 was $31,073. There are 176 employees and 19 volunteers at Lake Region Corporation.

Here are 8 key members and their salaries (Lake Region Corporation's CEO's salary is $129,526 and their total compensation is $149,025):

    Jeffry Jacobson (Ceo)
  • Compensation: $129,526
  • Related: $0
  • Other: $19,499

    • Sandra Svedberg (Cfo)
  • Compensation: $82,989
  • Related: $0
  • Other: $17,499

    • Allison Ternes (Board Member) [Trustee/Director]
  • Compensation: $525
  • Related: $0
  • Other: $0

    • David Oehlke (Vice President) [Trustee/Director]
  • Compensation: $450
  • Related: $0
  • Other: $0

    • Peggy Peters Board Member Jul- (Feb)/Secretary/Treasurer(Feb-Jun)) [Trustee/Director]
  • Compensation: $450
  • Related: $0
  • Other: $0

    • Morgan Fee (President) [Trustee/Director]
  • Compensation: $375
  • Related: $0
  • Other: $0

    • Anne Dumont (Secretary/Treasurer (June - February)) [Trustee/Director]
  • Compensation: $375
  • Related: $0
  • Other: $0

    • Julie Sandbakken (Board Member (Februrary - June)) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.lakeregioncorp.com

    Where can I find the form 990 for Lake Region Corporation?

    The Lake Region Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.lakeregioncorp.com

    Learn more at the official website: www.lakeregioncorp.com

    Mission Statement of Lake Region Corporation

    Lake Region Corporation, a nonprofit organization, is committed to assisting individuals in their quest for personal and community success. Their mission is centered around providing the necessary support to enable people to achieve their personal goals and contribute positively to their community. This support is manifested in various ways, including residential services for 24 consumers and day support for 51 others. Lake Region Corporation maintains and updates four group homes, two of which are ICF and two are MSLA, and operates a day support program. Their commitment to quality is evident in their Title XIX certification at one of their ICF/IID Group Homes and their 4-year certification with the Council on Quality and Leadership. Beyond these facilities, Lake Region Corporation also supports 27 individuals living in an apartment setting and 13 individuals who are employed in the community. The organization's mission extends beyond just providing a place to live or work; it strives to empower individuals to reach their full potential and contribute positively to their communities.

    Impact

    This information is meant to be a general summary of Lake Region Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Lake Region Corporation plays a crucial role in providing support for individuals to achieve success in their lives and their communities. This organization offers residential support to 24 consumers and day support to 51 consumers, maintaining and updating four group homes and a day support program. They are certified by Title XIX at their ICF/IID Group Home and have a 4-year certification with the Council on Quality and Leadership. Additionally, they support individuals in apartment settings and help 13 people find employment in the community. Lake Region Corporation's impact extends to the City of Devils Lake, where they have a renewed contract for recycling services, showcasing their commitment to both individual support and community sustainability.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,428
  • Program Service Revenue: $8,341,280
  • Gross Receipts: $9,506,457

    • Assets and Liabilities:
  • Total Assets: $4,659,780
  • Total Liabilities: $1,292,660
  • Net Assets: $3,367,120
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Resident room & board

    Revenue

    $5,955,251

    Day support activities

    Revenue

    $1,929,061

    Day Care Revenue

    Revenue

    $325,133

    Production/Vocational

    Revenue

    $119,429

    Organization Details

    Founding Year

    1983

    Principal Officer

    Jeffry Jacobson

    Main Address

    224 3rd St NW, Devils Lake, ND, 58301

    NTEE Category

    Code: B28 - Education

    If you are a representative of Lake Region Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.