Iowa Lakes Initiative
- Assets
- $233.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Spencer, IA
- Founding
- 07/2007
- Data as of
- 12/2021
- EIN
- 20-5129802
Organization Overview
Iowa Lakes Initiative is located in Spencer, IA. The organization was established in 2007. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iowa Lakes Initiative 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 12/2021, Iowa Lakes Initiative generated $45.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $34.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (15.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO NURTURE POTENTIAL EXISTING ENTREPRENEUR'S START-UP BUSINESSES THROUGH PROFESSIONAL EDUCATION, TRAINING, MENTORING OTHER TECHNICAL ASSISTANCE IN THE FOUR-COUNTY REGION OF BUENA VISTA, CLAY, DICKINSON, AND EMMET COUNTIES IN IOWA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon Landauer President | 40 | $70,976 | |
Dr Brian Lenzmeier Board Member | 0.34 | $0 | |
Burlin Matthews Board Member | 0.34 | $0 | |
Mike Porsh Board Member | 0.34 | $0 | |
Doug Benjamin Treasurer | 0.34 | $0 | |
Susan Zulk Board Member | 0.34 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,960 |
| Total Program Service Revenue | $1,001 |
| Membership dues | $0 |
| Investment income | $98 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $45,059 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,450 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $31,594 |
| Total expenses | $34,044 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $233,575 |
| Other assets | $0 |
| Total assets | $233,575 |
| Total liabilities | $151,108 |
| Net assets or fund balances | $82,467 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Iowa Lakes Initiative has recieved totaling $8,373.
| Awarding Organization | Amount |
|---|---|
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION FOR IOWA LAKES CORRIDOR PROGRAM SUPPORT | $3,000 |
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION - IOWA LAKES CORRIDOR INITIATIVE 2020 STARTUP SKILLUP PROJECT | $2,500 |
Bedell World Citizenship Fund Spirit Lake, IA PURPOSE: OKOBOJI ENTREPRENEURIAL INSTITUTE | $1,500 |
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION | $1,373 |
Endowment Analysis
| Beg. Balance | $22,954 |
| Ending Balance | $22,954 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Convention & Visitors Bureau Of Greater Kansas City Kansas City, MO | $12,878,337 | $11,432,355 |
Wbd Inc Madison, WI | $14,868,892 | $9,399,155 |
Metropolitan Economic Development Association Minneapolis, MN | $45,113,584 | $12,064,856 |
Brighton Park Neighborhood Council Chicago, IL | $4,048,275 | $8,262,492 |
Explore Branson Tourism Branson, MO | $1,396,845 | $7,616,014 |
Mhub Chicago, IL | $5,077,327 | $6,781,086 |
Great Plains Institute For Sustainable Development Minneapolis, MN | $9,896,004 | $8,891,636 |
Minneapolis - St Paul Regional Economic Development Partnership Saint Paul, MN | $5,371,081 | $6,502,146 |
Chicago Neighborhood Initiatives Inc Chicago, IL | $28,044,875 | $6,086,031 |
Omaha Economic Development Corp Omaha, NE | $18,549,776 | $6,962,293 |
Madison Development Corporation Madison, WI | $34,294,523 | $5,181,232 |
Economic Development Corporation Of Kansas City Missouri Kansas City, MO | $4,885,634 | $3,918,676 |