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Lakeplace Foundation

EIN 92-0913761 · Bovey, MN

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood80 out of 100GovernanceGood81 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE FOUNDATION WILL OPERATE A RETREAT CENTER LOCATED IN RURAL NORTHERN MINNESOTA FOR THE USE BY THIRTY-TWO MINNESOTA STATEWIDE ALANO SOCIETIES AND OTHER NONPROFIT, TAX-EXEMPT CHEMICAL DEPENDENCY SUPPORT GROUPS INCLUDING ALCOHOLICS ANONYMOUS (AA) AND NARCOTICS ANONYMOUS (NA).

Income
$101,659
Spending
$64,216
Spent on programs
24%
Reserves
Over 10 years of spending
Largest source of income
investment income, 94%
Employees
1
Volunteers
6

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 80 out of 100. Higher than 71% of charities in its peer group (mental health, under $250k).

  • Reserves

    35 of 35

    Spendable reserves would cover more than ten years of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 37% of income.

  • Income trend

    10 of 15

    Income fell 7% on the year before.

  • Spending floor

    0 of 15

    24% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 81 out of 100. Higher than 69% of charities in its peer group (mental health, under $250k).

  • Independent board

    25 of 25

    7 of 7 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $15,314 spent. THE PRIMARY PROGRAM SERVICE ACCOMPLISHMENT IS PROVIDING NONPROFIT TAX-EXEMPT RECOVERY ORGANIZATIONS AND RECOVERING CHEMICALLY DEPENDENT INDIVIDUALS AND FAMILIES A NO COST, SCENIC AND RELAXING LOCATION WITHOUT THE TEMPTATION TO ENGAGE IN CHEMICAL USE TO PARTICIPATE IN SMALL GROUP PROGRAMMING, TAKE SAFE RESPITE FROM INPATIENT AND OUTPATIENT TREATMENT PROGRAMS, REBUILD DAMAGED FAMILY BONDS, AND STRENGTHEN RELIGIOUS AND SPIRITUAL BELIEFS. BY PROVIDING A LOCATION IN WHICH THESE ACTIVITIES CAN BE CONDUCTED AMONG OTHER INDIVIDUALS FACING SIMILAR STRUGGLES, THE FOUNDATION HOPES TO PROVIDE RECOVERING CHEMICALLY DEPENDENT INDIVIDUALS AND THEIR FAMILIES WITH ADDITIONAL TOOLS TO SUPPORT THEIR RECOVERY AND INCREASE THE LIKELIHOOD THAT INDIVIDUALS WILL ACHIEVE AND MAINTAIN LONG-LASTING RECOVERY.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since July 2023.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.