South Dakota · Nonprofit
LAKE AREA IMPROVEMENT CORPORATION
LAKE AREA IMPROVEMENT CORPORATION (South Dakota) receives grants from 3 organizations whose IRS filings report $177,500 to it, the largest being MADISON COMMUNITY HOSPITAL ($87,500). 2 of them have funded it in more than one year.
- Revenue FY2024
- $6.9M
- Funders on record
- 3
- Grants received
- $178k
- Net assets
- $9.0M
What Lake Area Improvement Corporation does
Mission
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.
As stated on its FY2024 Form 990.
Program
In 2025, madison area development corporation (formerly Lake Area Improvement Corporation) continued its mission of advancing economic development throughout madison and the surrounding region. A significant milestone was the completion of the madison early learning center, a 4.5 million community investment developed in partnership with embe to help address the area's critical childcare shortage. The center welcomed its first families and began providing high-quality early learning opportunities, strengthening the local workforce and supporting long-term economic growth. Madc also completed the expansion of the lakeview industrial park, adding approximately 50 acres of shovel-ready industrial land with new streets and infrastructure to support future business investment and job creation. The organization also introduced a new social to learn approach to its english language learning (ell) program in partnership with the madison public library. This community-based model creates opportunities for participants to build english language skills through conversation, relationship-building, and real-world interactions, helping strengthen workforce integration and community connections.…
$491,911 spent$88,451 earned by the program100% of program spending
The program described on its FY2025 Form 990. Program spending in total: $491,911.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2017 to 2018, from $5.7M to $11M (+99%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 47% · 2019 61% · 2020 67% · 2021 35% · 2022 20% · 2023 40% · 2024 51%. Grants only. Government contracts and fees sit inside program revenue.
99% of LAKE AREA IMPROVEMENT CORPORATION’s revenue is contributions — more reliant on donations than three-quarters of its peers (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2017 → 2023: the base broadened from 1 funder to 2 funders, grant income rose $10k → $23k.
From the IRS filings of LAKE AREA IMPROVEMENT CORPORATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
LAKE AREA IMPROVEMENT CORPORATION leans on a few funders — its largest provides 49% of grant income and the top three 100%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
89% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund LAKE AREA IMPROVEMENT CORPORATION.
Largest funder’s share by year: 2017 100% · 2018 100% · 2019 100% · 2020 100% · 2021 100% · 2022 100% · 2023 56% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
89% of LAKE AREA IMPROVEMENT CORPORATION's grant income comes from South Dakota funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
LAKE AREA IMPROVEMENT CORPORATION runs a healthier operating margin than three-quarters of the 4,203 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 4,203 community improvement nonprofits $1M–$10M, FY2024
Organizations like LAKE AREA IMPROVEMENT CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In South Dakota
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
95% of spending goes to programs.
Governance
Public support
99%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Screen this organization
A dated, signed PDF of the compliance screen for LAKE AREA IMPROVEMENT CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds LAKE AREA IMPROVEMENT CORPORATION?
- LAKE AREA IMPROVEMENT CORPORATION (South Dakota) receives grants from 3 organizations whose IRS filings report $177,500 to it, the largest being MADISON COMMUNITY HOSPITAL ($87,500). 2 of them have funded it in more than one year.
- How many funders does LAKE AREA IMPROVEMENT CORPORATION have?
- IRS filings report 3 organizations giving $177,500 in grants to LAKE AREA IMPROVEMENT CORPORATION, 2 of which have funded it in more than one year.
- Who is the largest funder of LAKE AREA IMPROVEMENT CORPORATION?
- MADISON COMMUNITY HOSPITAL is the largest funder on record, with $87,500 in grants. The full list of funders is on this page.
- How can an organization like LAKE AREA IMPROVEMENT CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in South Dakota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 3 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing