Lakeland Leadership League Inc
- Assets
- $16.5k
- Revenue
- $11.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Forest Lake, MN
- Founding
- 08/1984
- Data as of
- 12/2023
- EIN
- 36-3304708
Organization Overview
Lakeland Leadership League Inc is located in Forest Lake, MN. The organization was established in 1984. According to its NTEE Classification (W70) the organization is classified as: Leadership Development, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakeland Leadership League 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 12/2023, Lakeland Leadership League Inc generated $11.0k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 33.8% each year . All expenses for the organization totaled $18.3k during the year ending 12/2023. While expenses have increased by 1.4% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald R Peltier President | 20 | $0 | |
Richard J Runbeck Corporate Secretary And Treasu | 0 | $0 | |
Gary P Bergstrom Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $11,000 |
| Interest on Savings | $6 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,006 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $936 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $1,163 |
| Other expenses | $4,607 |
| Total operating and administrative expenses | $7,806 |
| Contributions, gifts, grants paid | $10,500 |
| Total expenses and disbursements | $18,306 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,185 |
| Savings and temporary cash investments | $2,420 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $2,925 |
| Other assets | $0 |
| Total assets | $16,530 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Lakeland Leadership League Inc has awarded $10,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
NORTH SPRINGS CHURCH PURPOSE: CHURCH BUILDING FUND | $5,000 |
CITY OF FOREST LAKE PURPOSE: COMMUNITY EVENT SUPPORT | $2,000 |
AMERICAN LEGION PURPOSE: COLOR GUARD UNIFORMS | $1,500 |
VIETNAM MEMORIAL PURPOSE: VIETNAM MEMORIAL PAVERS | $2,000 |