Minnesota · Nonprofit
LAKER PREP EARLY CHILDHOOD
LAKER PREP EARLY CHILDHOOD (Minnesota) receives grants from 2 organizations whose IRS filings report $101,081 to it, the largest being WEST CENTRAL INITIATIVE ($86,106). 1 of them have funded it in more than one year, and 85% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2024
- $1.3M
- Funders on record
- 2
- Grants received
- $101k
- Net assets
- $-21750
What Laker Prep Early Childhood does
Mission
Dedicated to the care and development of children 8 weeks to 6 years old. Nurture and individualize early childhood care and learning to accomodate both child and family needs.
As stated on its FY2024 Form 990.
Program
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…
$1,166,556 spent$1,103,493 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $1,166,556.
The organization over time
Each line starts at 100 in 2023, so what you read is the shape rather than the size: 150 means half as much again as 2023, 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 2023 to 2024, from $241k to $181k (−25%).
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: 2023 12% · 2024 12%. Grants only. Government contracts and fees sit inside program revenue.
13% of LAKER PREP EARLY CHILDHOOD’s revenue is contributions — more earned-revenue than three-quarters of its peers (81% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 2 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.
Board chair
Peter Jacobsen
Chair
As listed on its FY2024 Form 990.
Who funds it, year by year
Grant support over time, funder by funder — shade shows the grant size each year.
1 of 2 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 85% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of LAKER PREP EARLY CHILDHOOD’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
LAKER PREP EARLY CHILDHOOD leans on a few funders — its largest provides 85% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
100% 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 LAKER PREP EARLY CHILDHOOD.
“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
85% of LAKER PREP EARLY CHILDHOOD's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $15k that is directly attributable, 100% of it comes from Minnesota funders.
Funder states come from each funder’s own filing. $86k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. 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
LAKER PREP EARLY CHILDHOOD receives grants from 2 organizations whose IRS filings report $101k to it.
this organization peer median middle 50% of peers· 11,263 human services nonprofits $1M–$10M, FY2024
Organizations like LAKER PREP EARLY CHILDHOOD
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 Minnesota
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
87% of spending goes to programs.
Governance
Public support
99%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for LAKER PREP EARLY CHILDHOOD: 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 LAKER PREP EARLY CHILDHOOD?
- LAKER PREP EARLY CHILDHOOD (Minnesota) receives grants from 2 organizations whose IRS filings report $101,081 to it, the largest being WEST CENTRAL INITIATIVE ($86,106). 1 of them have funded it in more than one year, and 85% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does LAKER PREP EARLY CHILDHOOD have?
- IRS filings report 2 organizations giving $101,081 in grants to LAKER PREP EARLY CHILDHOOD, 1 of which have funded it in more than one year.
- Who is the largest funder of LAKER PREP EARLY CHILDHOOD?
- WEST CENTRAL INITIATIVE is the largest funder on record, with $86,106 in grants. The full list of funders is on this page.
- How can an organization like LAKER PREP EARLY CHILDHOOD find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Minnesota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Laker Prep Early Childhood →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2023–2024), and the filings of 2 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