Whitefish Lake Institute
- Assets
- $2.1m
- Revenue
- $492.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Whitefish, MT
- Founding
- 06/2005
- Data as of
- 12/2022
- EIN
- 03-0556055
Organization Overview
Whitefish Lake Institute is located in Whitefish, MT. The organization was established in 2005. According to its NTEE Classification (C20) the organization is classified as: Pollution Abatement & Control, under the broad grouping of Environment and related organizations. As of 12/2022, Whitefish Lake Institute employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Whitefish Lake Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Whitefish Lake Institute generated $492.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $323.9k during the year ending 12/2022. While expenses have increased by 0.2% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDED IN 2005, THE WHITEFISH LAKE INSTITUTE IS COMMITTED TO SCIENCE, EDUCATION, AND AQUATIC RESOURCE INITIATIVES TO PROTECT AND IMPROVE WHITEFISH LAKE AND WHITEFISH AREA WATER RESOURCES TODAY, WHILE PROVIDING A COLLECTIVE VISION FOR TOMORROW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Averill Board Member | Trustee | 3 | $0 |
John Collins Secretary/tr | OfficerTrustee | 3 | $0 |
Andy Feury President | OfficerTrustee | 3 | $0 |
John Muhlfeld Board Member | Trustee | 3 | $0 |
Monica Pastor Board Member | Trustee | 3 | $0 |
Debbie Pierson Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $306,432 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $306,432 |
| Total Program Service Revenue | $72,031 |
| Investment income | $5,460 |
| 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 | -$346 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $492,082 |
| 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 | $134,376 |
| Pension plan accruals and contributions | $3,851 |
| Other employee benefits | $558 |
| Payroll taxes | $11,523 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,820 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,714 |
| Advertising and promotion | $0 |
| Office expenses | $4,438 |
| Information technology | $1,974 |
| Royalties | $0 |
| Occupancy | $14,601 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $832 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,524 |
| Insurance | $7,472 |
| All other expenses | $972 |
| Total functional expenses | $323,892 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,785 |
| Savings and temporary cash investments | $490,941 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $100 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,250 |
| Net Land, buildings, and equipment | $1,571,704 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,128,780 |
| Accounts payable and accrued expenses | $2,959 |
| 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 | $0 |
| Total liabilities | $2,959 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,125,821 |
| Total liabilities and net assets/fund balances | $2,128,780 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Well Done Foundation Inc Bozeman, MT | $607,611 | $2,656,047 |
Whitefish Lake Institute Whitefish, MT | $2,128,780 | $492,082 |
Cottonwood Environmental Law Center Bozeman, MT | $92,204 | $324,892 |
International Association Of Heat & Frost Insulators & Allied Workers Bismarck, ND | $183,900 | $219,437 |
Jackson Hole Center For Global Affairs Inc Jackson, WY | $288,946 | $199,192 |
Terragraphics International Foundation Inc Moscow, ID | $330,419 | $375,590 |
South Dakota Solid Waste Management Association Aberdeen, SD | $148,852 | $0 |
Community Pride Foundation Torrington, WY | $36,091 | $0 |
Bozeman Bike Kitchen Bozeman, MT | $158,571 | $0 |
North Dakota Water And Pollution Control Conference Bismarck, ND | $139,039 | $38,972 |
R A I N Inc Boise, ID | $287,129 | $6,882 |
North Dakota Solid Waste And Recycling Association Bismarck, ND | $81,563 | $0 |
Carbon Endowment Inc Bozeman, MT | $490,457 | $0 |