Public Charity

Lake Street Council

Based in Minneapolis, MN, Lake Street Council operates as a Public Charity. The organization reported $2.3M in revenue, $2.1M in expenses, $4.4M in total assets for fiscal year 2024. Imperigo tracks 70 reported grant relationships connected to this organization totaling approximately $4.2M.

EIN: 410975738 Minneapolis, MN Community & Neighborhood Development NTEE: S20 Latest filing: 2024
Total Revenue$2.3M
Total Expenses$2.1M
Total Assets$4.4M
Grant Records70
Funding Total$4.2M
Filing Years2020–2024

Mission

Lake Street Council engages, serves, and advocates for the Lake Street business community in Minneapolis to ensure the vitality and prosperity of the commercial corridor. The Lake Street Council fosters economic vitality and amplifies Lake Street's vibrancy to create a thriving and livable commercial corridor.

Where $100 goes at Lake Street Council

How Lake Street Council divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.

$86 Programs the work itself
$10 Management running the organization
$4 Fundraising raising the next dollar

Inside the $86 for programs

$49
Technical Assistance and Small Business Advising
57% of program spending
$16
We Love Lake Street (WLLA) Recovery Fund
19% of program spending · Reported in the filing: 400 businesses
$11
Visitor Attraction and Placemaking Initiative
12% of program spending

Plus 3 more programs. Cost per person served and the full program breakdown are on the full profile.

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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

Director Alison Pence
Executive Director Allison Sharkey
Director Ana Columba Reyes
President Baba Letang
Director Brittany Howard
Director Claudia Carrasco

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$3,238,882 52 grants
Economic Development
$745,452 6 grants
Animal Welfare
$54,000 1 grant
Environment & Conservation
$25,100 1 grant
International Aid & Development
$10,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $2.3M $2.1M $4.4M
2023 $1.6M $2.5M $4.1M
2022 $1.3M $2.4M $5.3M
2021 $1.5M $3.8M $6.3M
2020 $15.0M $7.7M $8.6M

Between 2020 and 2024, reported annual revenue declined from $15.0M to $2.3M (-85%), with total assets most recently reported at $4.4M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for Lake Street Council

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