Lake Region Heritage Center Inc
- Assets
- $52.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Devils Lake, ND
- Founding
- 01/1975
- Data as of
- 12/2021
- EIN
- 23-7417659
Organization Overview
Lake Region Heritage Center Inc is located in Devils Lake, ND. The organization was established in 1975. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Region Heritage Center Inc 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, Lake Region Heritage Center Inc generated $87.3k 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 (3.6%) each year. All expenses for the organization totaled $106.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.2%) 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
OPERATE HERITAGE CENTER TO PROMOTE HISTORICAL INTEREST
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra Schlenker President | 3 | $0 | |
Lucas Wakefield Vice President | 2 | $0 | |
Kade Sveen Treasurer | 2 | $0 | |
Bryce Crosby Secretary | 2 | $0 | |
Greg Volk Board Member | 2 | $0 | |
Paula Vistad Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,099 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $12 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $1,663 |
| Other Revenue | $4,443 |
| Total Revenue | $87,271 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $45,039 |
| Professional fees and other payments to independent contractors | $3,839 |
| Occupancy, rent, utilities, and maintenance | $15,589 |
| Printing, publications, postage, and shipping | $1,680 |
| Other expenses | $40,121 |
| Total expenses | $106,268 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $42,679 |
| Other assets | $0 |
| Total assets | $52,744 |
| Total liabilities | $71,741 |
| Net assets or fund balances | -$18,997 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lake Region Heritage Center Inc has recieved totaling $7,649.
| Awarding Organization | Amount |
|---|---|
Devils Lake Area Foundation Devils Lake, ND PURPOSE: EQUIPMENT & GENERAL ASSISTANCE | $7,649 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Historical Society Saint Paul, MN | $261,681,031 | $58,257,393 |
Pioneer Home Incorporated Fergus Falls, MN | $18,276,562 | $17,034,682 |
Clover Fields Preservation Foundation Inc Minneapolis, MN | $10,552,332 | $5,740,196 |
The Basilica Landmark Minneapolis, MN | $10,889,737 | $3,579,135 |
Yellowstone Historic Center Inc West Yellowstone, MT | $1,507,190 | $417,504 |
Badlands Natural History Association Inc Interior, SD | $3,710,673 | $1,802,760 |
South Dakota Historical Society Foundation Pierre, SD | $2,393,071 | $765,039 |
Warroad Memorial Arena Association Inc Warroad, MN | $3,598,020 | $358,924 |
Billings Depot Inc Billings, MT | $2,400,537 | $559,343 |
Northern Plains Heritage Foundation Bismarck, ND | $399,840 | $434,792 |
Historic Homestake Opera House Society Lead, SD | $3,779,298 | $427,991 |
Wings Of The North Inc Eden Prairie, MN | $567,459 | $548,933 |