Litchfield Watercade Inc
- Assets
- $42.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Litchfield, MN
- Founding
- 04/1976
- Data as of
- 09/2023
- EIN
- 23-7430456
Organization Overview
Litchfield Watercade Inc is located in Litchfield, MN. The organization was established in 1976. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Litchfield Watercade Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 09/2023, Litchfield Watercade Inc generated $80.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $64.4k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 8 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
2023
Describe the Organization's Program Activity:
Part 3
SUMMER FESTIVAL EVENTS ORGANIZED FOR THE BENEFIT OF THE CITIZENS OF THE LITCHFIELD, MINNESOTA AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dawn Doty Director | 1 | $0 | |
Matt Bengston Director | 1 | $0 | |
Dan Cannon Director | 1 | $0 | |
Rosanne Hansen Commodore | 1 | $0 | |
Ian Mcguire Director | 1 | $0 | |
Mike Niedzielski Chairman | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,505 |
| Total Program Service Revenue | $29,548 |
| Membership dues | $0 |
| Investment income | $17 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $80,070 |
| 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 | $28,438 |
| Occupancy, rent, utilities, and maintenance | $2,909 |
| Printing, publications, postage, and shipping | $2,629 |
| Other expenses | $30,472 |
| Total expenses | $64,448 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $42,339 |
| Other assets | $0 |
| Total assets | $42,339 |
| Total liabilities | $0 |
| Net assets or fund balances | $42,339 |