Litchfield Watercade Inc
- Assets
- $26.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Litchfield, MN
- Founding
- 04/1976
- Data as of
- 09/2022
- 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 09/2022, Litchfield Watercade Inc generated $64.3k 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 (3.7%) each year. All expenses for the organization totaled $54.6k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (7.4%) 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
2022
Describe the Organization's Program Activity:
Part 3
SUMMER FESTIVAL EVENTS ORGANIZED FOR THE BENEFIT OF THE CITIZENS OF THE LITCHFIELD, MINNESOTA AREA.
SUMMER FESTIVAL EVENTS ORGANIZED FOR THE BENEFIT OF THE CITIZENS OF THE LITCHFIELD, MINNESOTA AREA.
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 |
|---|---|---|---|
Heather Winkelman Chairperson | 1 | $0 | |
Melissa Hoffman Director | 1 | $0 | |
Dawn Doty Secretary | 1 | $0 | |
Dan Cannon Director | 1 | $0 | |
Matt Bengston Director | 1 | $0 | |
Rosanne Hansen Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,700 |
| Total Program Service Revenue | $23,556 |
| Membership dues | $0 |
| Investment income | $7 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $64,263 |
| 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 | $20,733 |
| Occupancy, rent, utilities, and maintenance | $2,431 |
| Printing, publications, postage, and shipping | $1,123 |
| Other expenses | $30,345 |
| Total expenses | $54,632 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $26,716 |
| Other assets | $0 |
| Total assets | $26,716 |
| Total liabilities | $0 |
| Net assets or fund balances | $26,716 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Litchfield Watercade Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Bame Foundation Golden Valley, MN PURPOSE: CHARITABLE GIFT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grandmas Marathon Duluth Inc Duluth, MN | $4,529,523 | $3,514,525 |
Usa Clay Target League Eagan, MN | $1,267,194 | $3,236,023 |
Southeast Iowa Regional Riverboat Commission Burlington, IA | $1,006 | $1,423,329 |
Red Wing Municipal Golf Corporation Red Wing, MN | $103,417 | $1,088,707 |
Americas Agricultural Industrial Heritage Landscape Inc Waterloo, IA | $639,960 | $847,872 |
Ahrens Park Foundation Grinnell, IA | $5,714,347 | $745,032 |
Quad Cities Atv Club Inc Virginia, MN | $31,684 | $814,248 |
Fargo Airsho Inc Fargo, ND | $345,922 | $887,899 |
Grand Forks Youth Hockey Association Grand Forks, ND | $611,730 | $993,625 |
Sanford Center Sioux City, IA | $728,408 | $675,442 |
Motion Volleyball Program Sussex, WI | $0 | $418,328 |
Heritage Hill Corporation Green Bay, WI | $165,713 | $495,204 |