Lakes Area Nonprofit Support Foundation
- Assets
- $4.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Detroit Lakes, MN
- Founding
- 05/2011
- Data as of
- 12/2023
- EIN
- 27-4640857
Organization Overview
Lakes Area Nonprofit Support Foundation is located in Detroit Lakes, MN. The organization was established in 2011. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakes Area Nonprofit Support Foundation 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 12/2023, Lakes Area Nonprofit Support Foundation generated $7.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (73.6%) each year. All expenses for the organization totaled $425.0 during the year ending 12/2023. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stuart Omberg President | 0.5 | $0 | |
Tim Swenson Director | 0.5 | $0 | |
Becky Mitchell Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $7 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $7 |
| 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 | $425 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $425 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $3,957 |
| Other assets | $0 |
| Total assets | $3,957 |
| Total liabilities | $0 |
| Net assets or fund balances | $3,957 |
Grants Awarded
Over the last fiscal year, Lakes Area Nonprofit Support Foundation has awarded $235,403 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
DETROIT MTN RECREATION AREA PURPOSE: TO SUPPORT THE RECIPIENTS MISSION | $113,616 |
DLCCC INC PURPOSE: TO SUPPORT THE RECIPIENTS MISSION | $29,579 |
LAKES CRISIS & RESOURCE CTR PURPOSE: TO SUPPORT THE RECIPIENTS MISSION | $92,208 |