Lake Preston Development Corporation in Lake Preston, South Dakota (SD)
Table of contents:
| Lake Preston Development Corporation | |
| Employer Identification Number (EIN) | 510199304 |
| Name of Organization | Lake Preston Development Corporation |
| Address | PO BOX 215, Lake Preston, SD 57249-0215 |
| Activities | Attracting new industry or retaining industry in an area |
| Subsection | Social Welfare Organization |
| Ruling Date | 10/1977 |
| Deductibility | Contributions are not deductible |
| Foundation | All organizations except 501(c)(3) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $272,554 |
| Amount of Income | $19,789 |
| Form 990 Revenue Amount | $19,789 |
Non-representatives - add comments:
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $16,005 | $26,745 | $19,789 |
| Contributions, gifts, grants, and similar amounts received | $0 | $0 | $0 |
| Program service revenue including government fees and contracts | $14,798 | $16,766 | $3,248 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $1,207 | $650 | $16,541 |
| Gain/Loss from sale of assets other than inventory | $0 | $9,329 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $6,645 | $15,268 | $4,810 |
| Total net assets | $246,098 | $257,575 | $272,554 |
| Excess/Deficit for the year | $9,360 | $11,477 | $14,979 |
| Net assets or fund balances at beginning of year | $236,738 | $246,098 | $257,575 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $257,575 | $272,554 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $246,098 | $257,575 | $272,554 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $246,098 | $257,575 | $272,554 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | Not provided |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
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| Other organizations in South Dakota | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Laborers International Union Of North America, 328 Local Mail Handlers | PO BOX 647, Sioux Falls, SD 57101-0647 | SD | 1940-09 | $69,655 |
| 2 | Lacreek Electric Association Inc | PO BOX 220, Martin, SD 57551-0220 | SD | 1958-10 | $13,456,743 |
| 3 | Lake Area Hospital | PO BOX 489, Webster, SD 57274-0489 | SD | 1985-06 | $121,123 |
| 4 | Lake Area Hospital Foundation Inc Of Webster South Dakota | PO BOX 489, Webster, SD 57274-0489 | SD | 1996-06 | $11,534 |
| 5 | Lake Area Improvement Corporation | PO BOX 32, Madison, SD 57042-0032 | SD | 1992-10 | $916,691 |
| 6 | Lake Area Technical Institute Foundation | 1201 Arrow Ave Ne, Watertown, SD 57201-2959 | SD | 1993-04 | $1,593,475 |
| 7 | Lake Area Zoological Society | PO BOX 484, Watertown, SD 57201-0484 | SD | 1973-06 | $351,114 |
| 8 | Lake County Food Pantry Inc | PO BOX 61, Madison, SD 57042-0061 | SD | 1984-01 | $56,335 |
| 9 | Lake County Historical Society | 221 Ne 8th Street, Madison, SD 57042 | SD | 1987-02 | $0 |
| 10 | Lake Francis Case Development Corporation Inc | PO BOX 526, Chamberlain, SD 57325-0526 | SD | 1989-01 | $49,966 |
| 11 | Lake Preston Development Corporation | PO BOX 215, Lake Preston, SD 57249-0215 | SD | 1977-10 | $19,789 |
| 12 | Lake Preston Housing Inc | PO BOX 64, Lake Preston, SD 57249-0064 | SD | 1974-08 | $201,717 |
| 13 | Lake Region Electric Association Inc | PO BOX 341, Webster, SD 57274-0341 | SD | 1965-08 | $14,978,311 |
| 14 | Lake Region Golf Club | 45373 Golf Course Rd, Arlington, SD 57212-6606 | SD | 1982-03 | $414,924 |
| 15 | Lake Waggoner Golf Club Association | 22271 Lake Waggoner Road, Philip, SD 57567 | SD | 1974-10 | $101,792 |
| 16 | Lakeside Country Club | PO BOX 524, Faulkton, SD 57438-0524 | SD | 1979-04 | $180,338 |
| 17 | Lakeview School | 28748 386th Avenue, Lake Andes, SD 57356 | SD | 1985-04 | $0 |
| 18 | Lakeview Water Cooperative | 3201 Chapel Lane, Rapid City, SD 57702 | SD | 2012-11 | $0 |
| 19 | Lakota Fund | PO BOX 340, Kyle, SD 57752-0340 | SD | 1992-12 | $1,050,179 |
| 20 | Lambda Chi Alpha Fraternity Inc, Alpha Gamma Zeta | 1517 South Minnesota Avenue, Soux Falls, SD 57105-1750 | SD | 1967-06 | $105,685 |



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