LAKE AREA IMPROVEMENT CORPORATION
PO BOX 32, MADISON, SD 57042 www.madisonworks.com

Total Revenue
$470,287
Total Expenses
$243,524
Net Assets
$3,755,735

Organizations Filed Purposes: TO ENHANCE THE QUALITY OF LIFE FOR ALL CITIZENS OF THE LAKE COUNTY AREA AND TO FACILITATE THE DEVELOPMENT AND RETENTION OF QUALITY JOBS THAT ARE ENVIRONMENTALLY AND ECONOMICALLY COMPATIBLE FOR LAKE COUNTY.

FORWARD MADISON 3 IS THE MAIN FUNDING SOURCE OF THE LAIC. THE COMPONENTS OF THE INITIATIVE ARE: 1.) INDUSTRIAL PARK GROWTH 2.) RECRUITMENT OF TECHNOLOGY BUSINESSES 3.) WORKFORCE DEVELOPMENT 4.) ENTREPRENEURSHIP 5.) AG DEVELOPMENT

THE LAND OWNED BY THE LAIC IS TO HELP WITH BUSINESS RETENTION AND EXPANSION AND JOB CREATION IN THE AREA. THE RELENDING PROGRAM CONTINUES TO PROVIDE ASSISTANCE TO BUSINESSES WITH NO NEW LENDING IN 2019.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Eric FosheimEXECUTIVE DI40$82,141
Dustin WilliamsDIRECTOR1$0
Dennis SlaughterDIRECTOR1$0
Eric SinclairVICE PRESIDE1$0
Terry SchultzPRESIDENT EL1$0
Paul SchultzPAST PRESIDE1$0
Linda SalmonsonDIRECTOR1$0
Floyd RummelSEC/TREASURE1$0
Dan RoemenDIRECTOR1$0
Delon MorkDIRECTOR1$0
Mike MalonePRESIDENT1$0
Dr Jose-Marie GriffithsDIRECTOR1$0
Marshall DennertDIRECTOR1$0
Michael BrookeDIRECTOR1$0
Jeff BloomDIRECTOR1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202001889349301915_public.xml