Lakeshore Farm Management Coop
- Assets
- $2.0m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 18
- Location
- Valders, WI
- Founding
- 01/1963
- Data as of
- 06/2024
- EIN
- 39-0985314
Organization Overview
Lakeshore Farm Management Coop is located in Valders, WI. The organization was established in 1963. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, under the broad grouping of Environment and related organizations. As of 06/2024, Lakeshore Farm Management Coop employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakeshore Farm Management Coop is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 06/2024, Lakeshore Farm Management Coop generated $1.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $1.5m during the year ending 06/2024. While expenses have increased by 4.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
PREPARING FARM RECORDS AND TAX RETURNS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PREPARING FARM RECORDS AND TAX RETURNS FOR APPROXIMATELY 773 MEMBERS.
PREPARING FARM RECORDS AND TAX RETURNS FOR APPROXIMATELY 773 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kay Depagter Vice Preside | Trustee | $0 | |
Dale Haese Secretary | Trustee | $0 | |
Ryan Herzog Treasurer | Trustee | $0 | |
Guy Vogel President | Trustee | $0 | |
Tyler Wagner Director | Trustee | $0 | |
Directors Fee Expense Director | Officer | $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 | $1,638,797 |
| Investment income | $18,350 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,153 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,653,009 |
| 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. | $1,462 |
| Compensation of current officers, directors, key employees. | $1,462 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,091,482 |
| Pension plan accruals and contributions | $159,341 |
| Other employee benefits | $19,625 |
| Payroll taxes | $88,407 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,129 |
| Office expenses | $23,404 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,414 |
| Travel | $6,621 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,381 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,678 |
| Insurance | $11,005 |
| All other expenses | $4,858 |
| Total functional expenses | $1,538,163 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,688 |
| Savings and temporary cash investments | $591,004 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,188,731 |
| 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 | $171,248 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,026,671 |
| Accounts payable and accrued expenses | $3,656 |
| 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 | $3,656 |
| Net assets without donor restrictions | $0 |
| 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 | $2,023,015 |
| Total liabilities and net assets/fund balances | $2,026,671 |