Totals
- Total revenue
- $1,283,735
- Total expenses
- $1,334,177
- Contributions and grants received
- $170,103
- Grants paid
- $0
- Program service revenue
- $1,103,493
- Investment income
- $0
- Other revenue
- $10,139
- Total assets, end of year
- $180,912
- Total liabilities, end of year
- $202,662
- Net assets or fund balances, end of year
- -$21,750
- Program services expenses (Part IX)
- $1,166,556
- Management and general expenses
- $162,322
- Fundraising expenses
- $5,299
- Program service expenses (Part III)
- $1,166,556
Program services were 87.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$155,709
-
1f · All other contributions, gifts and grants
$14,394
-
1g · Noncash contributions included above
$3,801
-
2a · Program service revenue: PROGRAM SERVICE REVENUE
total $1,103,493 · related or exempt $1,103,493
-
11a · Other revenue: OTHER REVENUE
total $10,139 · related or exempt $10,139
-
11e · Other revenue, total
$10,139
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $108,003 · program services $12,348 · management and general $90,806 · fundraising $4,849
-
7 · Other salaries and wages
total $788,882 · program services $786,192 · management and general $2,690
-
9 · Other employee benefits
total $27 · program services $27
-
10 · Payroll taxes
total $140,733 · program services $133,520 · management and general $7,213
-
11g · Fees: other
total $22,524 · management and general $22,524
-
12 · Advertising and promotion
total $4,503 · management and general $4,253 · fundraising $250
-
13 · Office expenses
total $2,518 · management and general $2,518
-
16 · Occupancy
total $131,256 · program services $131,256
-
20 · Interest
total $6,948 · management and general $6,948
-
22 · Depreciation, depletion and amortization
total $15,782 · program services $11,836 · management and general $3,946
-
23 · Insurance
total $7,612 · management and general $7,612
-
24a · Other expenses: SUPPLIES - FOOD
total $59,144 · program services $59,144
-
24b · Other expenses: SUPPLIES
total $33,452 · program services $29,774 · management and general $3,478 · fundraising $200
-
24c · Other expenses: REPAIRS & MAINTENANCE
total $4,797 · management and general $4,797
-
24d · Other expenses: MEMBERSHIPS & SUBSCRIPTIO
total $2,768 · management and general $2,768
-
24e · All other expenses
total $5,228 · program services $2,459 · management and general $2,769
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $26,343 · end of year $22,522
-
4 · Accounts receivable
beginning of year $50,236 · end of year $28,365
-
9 · Prepaid expenses and deferred charges
end of year $37
-
10a · Land, buildings and equipment: cost or other basis
$93,801
-
10b · Land, buildings and equipment: accumulated depreciation
$30,994
-
10c · Land, buildings and equipment, net
beginning of year $74,788 · end of year $62,807
-
15 · Other assets
beginning of year $89,574 · end of year $67,181
-
17 · Accounts payable and accrued expenses
beginning of year $5,190 · end of year $500
-
22 · Loans and payables to officers and key people
beginning of year $83,490 · end of year $76,043
-
24 · Unsecured notes and loans payable
beginning of year $25,000 · end of year $45,000
-
25 · Other liabilities
beginning of year $98,569 · end of year $81,119
-
27 · Net assets without donor restrictions
beginning of year $28,692 · end of year -$21,750
Mission and programs · 2024
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.
-
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.
Expenses $1,166,556 · Revenue $1,103,493
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Mary RotterMARY ROTTER
PROGRAM DIRE
- Total calculated
- $51,969
- From this org
- $51,969
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Eric RotterERIC ROTTER
ASST DIR/BD
- Total calculated
- $56,034
- From this org
- $42,312
- From related orgs
- $0
- Other
- $13,722
- Hours/week
- 40
-
Peter JacobsenPETER JACOBSEN
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Josh HochgrabberJOSH HOCHGRABBER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Amanda HansonAMANDA HANSON
TREAS/SECR
- Total calculated
- $0
- Hours/week
- 1
-
Alissa HobanALISSA HOBAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tessa FenuTESSA FENU
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mary O'BrianMARY O'BRIAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 November 2025
- IRS schema version
- 2024v5.0
- Source object
- 202533179349303628
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