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Filing year 2024

Lake Region Corporation

Devils Lake, North Dakota·EIN 45-0383900·3
Total revenue
$10.4M
Total assets
$6.1M
Total expenses
$10.1M
Reported officers
11
Mission

Providing support for people in achieving success in their life and their community.

Executive compensation, broken down

Form 990 · Schedule J · 11 reported individuals · Filing year 2024

CEO (to Feb '25)
$165k
$178k
Base
$103k
Bonus
$44k
Other
Benefits
$13k
Rc
highest compensated employee
$130k
$140k
Executive Director (from Feb '25)
$113k
$121k
Vice President
vice president
$450
$484
Secretary
officer (unspecified)
$450
$484
Board Member
board member
$450
$484
$300
$323
Board Member
board member
$300
$323
Board Member
board member
$225
$242

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Climbed 8%
over 2 years

From $153k in 2022 to $165k in 2024.

$153k
2022
$168k
2023
$165k
2024
In today's dollarsEst.
Up 2% in real terms$175k to $178k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

Lake Region Corporation reported revenue and expenses across 3 filing years.

RevenueExpenses
$9.2M
$8.9M
2022
$10.7M
$10M
2023
$10.4M
$10.1M
2024
Total revenue and total expenses from IRS Form 990 filings.
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