Lakes Media Collaborative Inc
- Assets
- $687.6k
- Revenue
- $69.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ironton, MN
- Founding
- 01/2010
- Data as of
- 12/2021
- EIN
- 30-0379747
Organization Overview
Lakes Media Collaborative Inc is located in Ironton, MN. The organization was established in 2010. According to its NTEE Classification (A32) the organization is classified as: Television, 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. Lakes Media Collaborative 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, Lakes Media Collaborative Inc generated $69.0 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 (64.7%) each year. All expenses for the organization totaled $25.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE THE PUBLIC WITH ACCESS TO RESOURCES TO PRODUCE LOCAL ACCESS TELEVISION PROGRAMMING TO INFORM COMMUNITIES ABOUT AREA PROGRAMS AND EVENTS, & TO PROVIDE EDUCATIONAL OPPORTUNITIES TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING RESOURCES TO PRODUCE LOCAL ACCESS TELEVISION PROGRAMMING AND TEACH INDIVIDUALS HOW THE LOCAL ACCESS TELEVISION SYSTEM OPERATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenn Dols Chair | OfficerTrustee | 2 | $0 |
Nancy Cross Secretary | OfficerTrustee | 2 | $0 |
Chris Ford Treasurer | OfficerTrustee | 2 | $0 |
Dave Henschke Executive Di | Officer | 40 | $0 |
Jill Carlson-Ferrie Director | Trustee | 2 | $0 |
Bill Satre Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $69 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $69 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,582 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $261 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,139 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $438 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,106 |
| Insurance | $0 |
| All other expenses | $58 |
| Total functional expenses | $25,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $677,346 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $10,263 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $687,609 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $687,609 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $687,609 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Duluth-Superior Area Educational Television Corporation Duluth, MN | $3,568,384 | $4,935,556 |
Northwest Suburbs Community Access Corporation Brooklyn Park, MN | $993,020 | $4,315,205 |
West Central Minnesota Educational Television Company Granite Falls, MN | $12,072,259 | $4,076,753 |
Northern Minnesota Public Television Bemidji, MN | $6,227,659 | $2,897,865 |
St Paul Neighborhood Network St Paul, MN | $1,575,682 | $2,004,402 |
Wisconsineye Public Affairs Network Inc Madison, WI | $716,598 | $1,654,665 |
North Suburbs Access Corporation Roseville, MN | $2,007,342 | $1,090,050 |
Center For Communication And Development Minneapolis, MN | $981,569 | $1,555,334 |
Beck Foundation Of Dsaet Duluth, MN | $15,267,428 | $1,465,301 |
Dakota Media Access Inc Bismarck, ND | $560,673 | $673,121 |
Town Square Television Inver Grove Heights, MN | $1,610,977 | $900,965 |
Minnesota Public Television Association St Paul, MN | $221,204 | $320,991 |