Lake Mansfield Trout Club
- Assets
- $2.9m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 42
- Location
- Stowe, VT
- Founding
- 12/1948
- Data as of
- 10/2023
- EIN
- 03-0135990
Organization Overview
Lake Mansfield Trout Club is located in Stowe, VT. The organization was established in 1948. According to its NTEE Classification (N61) the organization is classified as: Fishing & Hunting, under the broad grouping of Recreation & Sports and related organizations. As of 10/2023, Lake Mansfield Trout Club employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Mansfield Trout Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2023, Lake Mansfield Trout Club generated $1.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $1.1m during the year ending 10/2023. While expenses have increased by 4.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL/RECREATION CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN PROPERTY FOR THE USE OF ITS MEMBERS WHICH INCLUDES LAKE, DAM, FISHING, AND OTHER RECREATIONAL ACTIVITIES INCLUDING CLUB FACILITIES/LODGING.
MAINTAIN PROPERTY FOR THE USE OF ITS MEMBERS WHICH INCLUDES LAKE, DAM, FISHING, AND OTHER RECREATIONAL ACTIVITIES INCLUDING CLUB FACILITIES/LODGING.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Crandall Director | Trustee | 1 | $0 |
Cliff Deetjen Director | Trustee | 1 | $0 |
Eric Hanley Director | Trustee | 1 | $0 |
Mike Hathaway Director | Trustee | 1 | $0 |
Wilbur Mann Jr Director | Trustee | 1 | $0 |
Peter Kunin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $480,899 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,442 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $499,341 |
| Total Program Service Revenue | $537,444 |
| Investment income | $20,353 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$52,613 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,004,525 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $500,347 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $54,847 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,068 |
| Advertising and promotion | $0 |
| Office expenses | $14,265 |
| Information technology | $2,209 |
| Royalties | $0 |
| Occupancy | $76,309 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $60,635 |
| Insurance | $50,976 |
| All other expenses | $74,435 |
| Total functional expenses | $1,064,695 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,869 |
| Savings and temporary cash investments | $110,806 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,249 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,656,680 |
| Investments—publicly traded securities | $1,085,149 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,925,753 |
| Accounts payable and accrued expenses | $1,981 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $29,800 |
| Total liabilities | $31,781 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $210,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $87,739 |
| Retained earnings, endowment, accumulated income, or other funds | $2,596,233 |
| Total liabilities and net assets/fund balances | $2,925,753 |