EIN 85-4249341

Laker Prep Early Childhood

IRS 501(c) type
501(c)(3)
Num. employees
53
City
Detroit Lakes
Year formed
2022
Most recent tax filings
2023-12-01
NTEE code, primary
Description
Laker Prep Early Childhood nurtures children 8 weeks to 6 years, providing high-quality, individualized care and support for families in Becker County.
Total revenues
$1,355,365
2023
Total expenses
$1,347,199
2023
Total assets
$240,941
2023
Num. employees
53
2023

Program areas at Laker Prep Early Childhood

Laker Prep is becker county's largest non-profit based childcare organization advocating for and serving families with high quality programming for children ages birth to five. Developed to fill a gap in year-round, all-day care, Laker Prep started in 2011 serving 10 families and quickly expanded to its current level of 90 families. Focused on serving the heart of its community, Laker Prep embraces diverse access to its wide range of services. Currently, 27% of children at Laker Prep receive subsidies, and 25% of enrolled children identify as non-white. Families currently served are in manufacturing, education, trades, retail, tourism, government, medical and human services fields. Standing firm in the belief that "big success starts small," Laker Prep staff and leadership are devoted to providing multiple avenues to the quality programming that rears the next generation of kind, successful, and thoughtful community leaders. Partnerships with external service providers ensure that children with all levels of need work towards developmental milestones and move into kindergarten with the skills necessary to be successful. Taking a comprehensive view of growing and stabilizing the childcare industry, Laker Prep focuses on childcare advocacy and reform, engaging in regional and statewide forums, task forces, and initiatives. Laker Prep directors are also committed to mentoring and developing the next cohort of childcare practitioners. They partner with the local high school in creating opportunities for students to earn a child development associate and current Laker Prep staff are supported and incentivised to seek additional qualifications and certifications. Integrating itself in the network of family focused community organizations, Laker Prep supports and provides community activities, events, and resources to the area as a whole. As support for the organization increases, so too will the offerings for families around the region. Big success for Laker Prep means big success for the community, and it all starts small, with support from funders, community members, and all those willing to invest in the future.

Who funds Laker Prep Early Childhood

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
West Central Initiative (WCI)Air Exchanger; Ecdf Grant$51,283
Essentia Health St Mary'S-Detroit LakesProgram Support$14,975

Personnel at Laker Prep Early Childhood

NameTitleCompensation
Peter JacobsenChair$0

Financials for Laker Prep Early Childhood

RevenuesFYE 12/2023
Total grants, contributions, etc.$263,976
Program services$1,091,216
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$173
Total revenues$1,355,365

Form 990s for Laker Prep Early Childhood

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-15990View PDF
Data update history
January 18, 2025
Received grants
Identified 1 new grant, including a grant for $51,283 from West Central Initiative (WCI)
January 12, 2025
Used new vendors
Identified 1 new vendor, including
July 11, 2024
Received grants
Identified 1 new grant, including a grant for $14,975 from Essentia Health St Mary'S-Detroit Lakes
April 1, 2023
Posted financials
Added Form 990N for fiscal year 2022
June 2, 2022
Posted financials
Added Form 990N for fiscal year 2021
Nonprofit Types
Human service organizationsYouth service charitiesCharities
Issues
Human servicesChildren
Characteristics
State / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
551 11th Ave Se
Detroit Lakes, MN 56501
County
Becker County, MN
Website URL
lakerpreppreschool.com/ 
Phone
(218) 844-3220
IRS details
EIN
85-4249341
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2022
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
P33: Child Day Care
NAICS code, primary
624410: Child Day Care Services
Parent/child status
Independent
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