Prairie Lakes Legacy Fund Inc
Prairie Lakes Legacy Fund Inc is a private foundation, based in Watertown, SD. IRS filing data is available for 2025. As of 2025, the organization holds $13.9M in total assets. In 2025, it made $13.9M in qualifying distributions. Net investment income was $77K.
Key facts about Prairie Lakes Legacy Fund Inc
- EIN
- 39-5100975
- Latest 990 filing
- Form 990-PF, 2025
- Total assets
- $13,867,525
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$13.9M
Revenue
$98K
Qualifying Distributions
$13.9M
Expenses
$3K
Under IRS private-foundation payout rules, Prairie Lakes Legacy Fund Inc reported a distributable amount of $682K for 2025 — the minimum it must pay out in qualifying distributions.
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Financial History
Multi-year comparison from IRS filings
| Metric | 2025 |
|---|---|
| Total Assets | $13,867,525 |
| Revenue | $97,708 |
| Expenses | $3,121 |
| Qualifying Distributions | $13,862,035 |
| Net Investment Income | $77,033 |
| Distributable Amount | $681,954 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
Leadership & Key People
Officers and directors from IRS filings
Prairie Lakes Legacy Fund Inc is led by Chris Carter, President on the 2025 filing; none of the 11 officers listed in 2025 report compensation.
Officers on the 2025 filing
Chris Carter
President
New on the 2025 filing
1 hr/week
No compensation reported
Don Roby
Director
New on the 2025 filing
1 hr/week
No compensation reported
Doug Sharp
Director
New on the 2025 filing
1 hr/week
No compensation reported
Jesse Peterson
Director
New on the 2025 filing
1 hr/week
No compensation reported
Jonathan Oviatt
Director
New on the 2025 filing
1 hr/week
No compensation reported
Kristen Henderson
Director
New on the 2025 filing
1 hr/week
No compensation reported
Tammy Davis
Director
New on the 2025 filing
1 hr/week
No compensation reported
Michael Luken
Treasurer
New on the 2025 filing
1 hr/week
No compensation reported
Robb Peterson
Secretary
New on the 2025 filing
1 hr/week
No compensation reported
Scott Munger
Vice President
New on the 2025 filing
1 hr/week
No compensation reported
Vince Foley
Past President
New on the 2025 filing
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Prairie Lakes Legacy Fund Inc
How large is Prairie Lakes Legacy Fund Inc?
Prairie Lakes Legacy Fund Inc reported $13.9M in total assets on its 2025 IRS Form 990-PF. It paid out $13.9M in qualifying distributions that year, against a required minimum of $682K (roughly 5% of its investment assets).
What is Prairie Lakes Legacy Fund Inc's EIN?
Prairie Lakes Legacy Fund Inc's EIN (Employer Identification Number) is 39-5100975. IRS Form 990 filing data is available on this page for 2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Prairie Lakes Legacy Fund Inc by hand.
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