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 <ReturnTs>2018-11-15T17:52:04Z</ReturnTs>
 <TaxPeriodEndDt>2017-12-31</TaxPeriodEndDt>
 <PreparerFirmGrp>
 <PreparerFirmEIN>273125474</PreparerFirmEIN>
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 <BusinessNameLine1Txt>H AND R BLOCK</BusinessNameLine1Txt>
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 <PreparerUSAddress>
 <AddressLine1Txt>1022 22ND AVE S</AddressLine1Txt>
 <CityNm>BROOKINGS</CityNm>
 <StateAbbreviationCd>SD</StateAbbreviationCd>
 <ZIPCd>57006</ZIPCd>
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 <TaxPeriodBeginDt>2017-01-01</TaxPeriodBeginDt>
 <Filer>
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 <BusinessName>
 <BusinessNameLine1Txt>Lake Preston Development Corporation</BusinessNameLine1Txt>
 </BusinessName>
 <BusinessNameControlTxt>LAKE</BusinessNameControlTxt>
 <PhoneNum>6058474411</PhoneNum>
 <USAddress>
 <AddressLine1Txt>PO Box 215</AddressLine1Txt>
 <CityNm>LAKE PRESTON</CityNm>
 <StateAbbreviationCd>SD</StateAbbreviationCd>
 <ZIPCd>572490215</ZIPCd>
 </USAddress>
 </Filer>
 <BusinessOfficerGrp>
 <PersonNm>MISSY OLSON</PersonNm>
 <PersonTitleTxt>TREASURER</PersonTitleTxt>
 <PhoneNum>6058474411</PhoneNum>
 <SignatureDt>2018-11-15</SignatureDt>
 <DiscussWithPaidPreparerInd>false</DiscussWithPaidPreparerInd>
 </BusinessOfficerGrp>
 <PreparerPersonGrp>
 <PreparerPersonNm>WAYNE NEGSTAD</PreparerPersonNm>
 <PTIN>P00706143</PTIN>
 <PhoneNum>6056925715</PhoneNum>
 <PreparationDt>2018-11-15</PreparationDt>
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 <IPAddress>
 <IPv4AddressTxt>66.17.114.64</IPv4AddressTxt>
 </IPAddress>
 <IPDt>2018-11-15</IPDt>
 <IPTm>15:45:02</IPTm>
 <FederalOriginalSubmissionId>46088820181352590181</FederalOriginalSubmissionId>
 <FederalOriginalSubmissionIdDt>2018-05-15</FederalOriginalSubmissionIdDt>
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 <TaxYr>2017</TaxYr>
 <BuildTS>2018-06-14 16:35:46Z</BuildTS>
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 <IRS990EZ documentId="2" referenceDocumentId="1">
 <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
 <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
 <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
 <Organization501cInd organization501cTypeTxt="4">X</Organization501cInd>
 <TypeOfOrganizationCorpInd>X</TypeOfOrganizationCorpInd>
 <GrossReceiptsAmt>26689</GrossReceiptsAmt>
 <ContributionsGiftsGrantsEtcAmt>5200</ContributionsGiftsGrantsEtcAmt>
 <ProgramServiceRevenueAmt>20815</ProgramServiceRevenueAmt>
 <InvestmentIncomeAmt>674</InvestmentIncomeAmt>
 <FundraisingGrossIncomeAmt>0</FundraisingGrossIncomeAmt>
 <TotalRevenueAmt>26689</TotalRevenueAmt>
 <GrantsAndSimilarAmountsPaidAmt>250</GrantsAndSimilarAmountsPaidAmt>
 <SalariesOtherCompEmplBnftAmt>2020</SalariesOtherCompEmplBnftAmt>
 <FeesAndOtherPymtToIndCntrctAmt>1188</FeesAndOtherPymtToIndCntrctAmt>
 <OccupancyRentUtltsAndMaintAmt>8456</OccupancyRentUtltsAndMaintAmt>
 <PrintingPublicationsPostageAmt>548</PrintingPublicationsPostageAmt>
 <OtherExpensesTotalAmt>2718</OtherExpensesTotalAmt>
 <TotalExpensesAmt>15180</TotalExpensesAmt>
 <ExcessOrDeficitForYearAmt>11509</ExcessOrDeficitForYearAmt>
 <NetAssetsOrFundBalancesBOYAmt>317032</NetAssetsOrFundBalancesBOYAmt>
 <NetAssetsOrFundBalancesEOYAmt>328541</NetAssetsOrFundBalancesEOYAmt>
 <CashSavingsAndInvestmentsGrp>
 <BOYAmt>218642</BOYAmt>
 <EOYAmt>225229</EOYAmt>
 </CashSavingsAndInvestmentsGrp>
 <LandAndBuildingsGrp>
 <BOYAmt>157490</BOYAmt>
 <EOYAmt>162412</EOYAmt>
 </LandAndBuildingsGrp>
 <Form990TotalAssetsGrp>
 <BOYAmt>376132</BOYAmt>
 <EOYAmt>387641</EOYAmt>
 </Form990TotalAssetsGrp>
 <SumOfTotalLiabilitiesGrp>
 <BOYAmt>59100</BOYAmt>
 <EOYAmt>59100</EOYAmt>
 </SumOfTotalLiabilitiesGrp>
 <NetAssetsOrFundBalancesGrp>
 <BOYAmt>317032</BOYAmt>
 <EOYAmt>328541</EOYAmt>
 </NetAssetsOrFundBalancesGrp>
 <PrimaryExemptPurposeTxt>To promote assist encourage and develope the business and economic prosperity of Lake Preston SD and the surrounding area. To encourage new industry to rehabilitate existing industries and to promote the agricUltural and recreational development of Lake Preston and surrounding areas.</PrimaryExemptPurposeTxt>
 <ProgramSrvcAccomplishmentGrp>
 <DescriptionProgramSrvcAccomTxt>OWN AND MAINTAIN PROPERTY FOR CORPORATION TO LEASE FOR HEALTH CARE FACILITY IN OUR COMMUNITY. MAINTAIN LOANS FOR LOCAL BUSINESSES THAT CANNOT UTILIZE COMMERCIAL LENDERS.</DescriptionProgramSrvcAccomTxt>
 </ProgramSrvcAccomplishmentGrp>
 <OfficerDirectorTrusteeEmplGrp>
 <PersonNm>BOB BODE</PersonNm>
 <TitleTxt>President</TitleTxt>
 <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
 <CompensationAmt>0</CompensationAmt>
 </OfficerDirectorTrusteeEmplGrp>
 <OfficerDirectorTrusteeEmplGrp>
 <PersonNm>SHANE ODEGAARD</PersonNm>
 <TitleTxt>Secretary</TitleTxt>
 <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
 <CompensationAmt>0</CompensationAmt>
 </OfficerDirectorTrusteeEmplGrp>
 <OfficerDirectorTrusteeEmplGrp>
 <PersonNm>Jeremy Woodcock</PersonNm>
 <TitleTxt>MEMBER</TitleTxt>
 <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
 <CompensationAmt>0</CompensationAmt>
 </OfficerDirectorTrusteeEmplGrp>
 <OfficerDirectorTrusteeEmplGrp>
 <PersonNm>Missy Olson</PersonNm>
 <TitleTxt>Treasurer</TitleTxt>
 <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
 <CompensationAmt>0</CompensationAmt>
 </OfficerDirectorTrusteeEmplGrp>
 <OfficerDirectorTrusteeEmplGrp>
 <PersonNm>Rick Hillestad</PersonNm>
 <TitleTxt>MEMBER</TitleTxt>
 <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
 <CompensationAmt>0</CompensationAmt>
 </OfficerDirectorTrusteeEmplGrp>
 <OfficerDirectorTrusteeEmplGrp>
 <PersonNm>JOAN WOLLSCHLAGER</PersonNm>
 <TitleTxt>MEMBER</TitleTxt>
 <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
 <CompensationAmt>0</CompensationAmt>
 </OfficerDirectorTrusteeEmplGrp>
 <OfficerDirectorTrusteeEmplGrp>
 <PersonNm>JAKE SMITH</PersonNm>
 <TitleTxt>MEMBER</TitleTxt>
 <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
 <CompensationAmt>0</CompensationAmt>
 </OfficerDirectorTrusteeEmplGrp>
 <OfficerDirectorTrusteeEmplGrp>
 <PersonNm>DONNA BUMANN</PersonNm>
 <TitleTxt>MEMBER</TitleTxt>
 <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
 <CompensationAmt>0</CompensationAmt>
 </OfficerDirectorTrusteeEmplGrp>
 <OfficerDirectorTrusteeEmplGrp>
 <PersonNm>SEAN MCGRAW</PersonNm>
 <TitleTxt>MEMBER</TitleTxt>
 <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
 <CompensationAmt>0</CompensationAmt>
 </OfficerDirectorTrusteeEmplGrp>
 <OfficerDirectorTrusteeEmplGrp>
 <PersonNm>JOE SCHNELL</PersonNm>
 <TitleTxt>MEMBER</TitleTxt>
 <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
 <CompensationAmt>0</CompensationAmt>
 </OfficerDirectorTrusteeEmplGrp>
 <OfficerDirectorTrusteeEmplGrp>
 <PersonNm>DANIELLE ZEECK</PersonNm>
 <TitleTxt>DIRECTOR</TitleTxt>
 <AverageHrsPerWkDevotedToPosRt>3.00</AverageHrsPerWkDevotedToPosRt>
 <CompensationAmt>2020</CompensationAmt>
 </OfficerDirectorTrusteeEmplGrp>
 <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
 <ChgMadeToOrgnzngDocNotRptInd>false</ChgMadeToOrgnzngDocNotRptInd>
 <OrganizationHadUBIInd>false</OrganizationHadUBIInd>
 <SubjectToProxyTaxInd>false</SubjectToProxyTaxInd>
 <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
 <MadeLoansToFromOfficersInd>false</MadeLoansToFromOfficersInd>
 <EngagedInExcessBenefitTransInd>false</EngagedInExcessBenefitTransInd>
 <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
 <BooksInCareOfDetail>
 <PersonNm>Missy Olson</PersonNm>
 <USAddress>
 <AddressLine1Txt>First National Bank</AddressLine1Txt>
 <AddressLine2Txt>210 Main Ave N</AddressLine2Txt>
 <CityNm>Lake Preston</CityNm>
 <StateAbbreviationCd>SD</StateAbbreviationCd>
 <ZIPCd>57249</ZIPCd>
 </USAddress>
 <PhoneNum>6058474411</PhoneNum>
 </BooksInCareOfDetail>
 <ForeignFinancialAccountInd>false</ForeignFinancialAccountInd>
 <ForeignOfficeInd>false</ForeignOfficeInd>
 <DonorAdvisedFndsInd>false</DonorAdvisedFndsInd>
 <OperateHospitalInd>false</OperateHospitalInd>
 <TanningServicesProvidedInd>false</TanningServicesProvidedInd>
 <RelatedOrganizationCtrlEntInd>false</RelatedOrganizationCtrlEntInd>
 <TransactionWithControlEntInd>false</TransactionWithControlEntInd>
 <PoliticalCampaignActyInd>false</PoliticalCampaignActyInd>
 <PartVIOfCompOfHghstPdEmplTxt>NONE</PartVIOfCompOfHghstPdEmplTxt>
 <PartVIHghstPdCntrctProfSrvcTxt>NONE</PartVIHghstPdCntrctProfSrvcTxt>
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 <IRS990ScheduleO documentId="1">
 <SupplementalInformationDetail>
 <FormAndLineReferenceDesc>PART I LINE 10</FormAndLineReferenceDesc>
 <ExplanationTxt>COMMUNITY SCHOLARSHIP FOR COLLEGE</ExplanationTxt>
 </SupplementalInformationDetail>
 <SupplementalInformationDetail>
 <FormAndLineReferenceDesc>PART I LINE 16</FormAndLineReferenceDesc>
 <ExplanationTxt>OFFICE EXP $175; INTEREST EXP $2543</ExplanationTxt>
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