Lakeland Hawks Ice Association Inc
- Assets
- $1.0m
- Revenue
- $267.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Minocqua, WI
- Founding
- 02/1985
- Data as of
- 03/2020
- EIN
- 39-1452899
Organization Overview
Lakeland Hawks Ice Association Inc is located in Minocqua, WI. The organization was established in 1985. According to its NTEE Classification (A52) the organization is classified as: Children's Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 03/2018, Lakeland Hawks Ice Association Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakeland Hawks Ice Association 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 03/2020, Lakeland Hawks Ice Association Inc generated $267.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $237.8k during the year ending 03/2020. While expenses have increased by 3.0% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A FACILITY FOR WINTER ICE SPORTS AND ORGANIZED PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT THE PARTICIPATION AND EXHIBITION OF THESE SPORTS. FURTHER, THE ORGANIZATION'S OBJECTIVES ARE TO SUPPORT THE DEVELOPMENT OF YOUTH HOCKEY AND FIGURE SKATING BY PROVIDING TRAINING AND COACHING.
FIGURE SKATING TRAINING AND EXHIBITION IS PROVIDED TO ALMOST 100 PARTICIPANTS AND HUNDREDS OF SPECTATORS
YOUTH HOCKEY LEAGUES ARE ORGANIZED AND OFFICIATIED FOR APPROXIMATELY 150 PLAYERS AND HUNDREDS OF SPECTATORS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Carlin President | OfficerTrustee | 0 | $0 |
Lynn Redenbaugh Vice President | OfficerTrustee | 0 | $0 |
Brian Wagner Treasurer | OfficerTrustee | 0 | $0 |
Kate Buffington Secretary | OfficerTrustee | 0 | $0 |
Brian Heleniak Member At Large | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $141,734 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $31,842 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,302 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $267,771 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $33,231 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,543 |
| Fees for services: Management | $1,080 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $378 |
| Office expenses | $1,057 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $59,860 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,779 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $59,724 |
| Insurance | $10,392 |
| All other expenses | $1,026 |
| Total functional expenses | $237,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$8,143 |
| Savings and temporary cash investments | $2,461 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,027,376 |
| Accounts payable and accrued expenses | $3,042 |
| 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 | $176,167 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $179,209 |
| Net assets without donor restrictions | $848,167 |
| 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 |
| Total liabilities and net assets/fund balances | $848,167 |
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| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Childrens Museum St Paul, MN | $26,748,657 | $10,384,942 |
Chicago Childrens Museum Chicago, IL | $15,510,919 | $8,503,985 |
Madison Childrens Museum Foundation Inc Madison, WI | $2,957,823 | $4,551,726 |
Kohl Childrens Museum Of Greater Chicago Inc Glenview, IL | $19,595,160 | $2,484,089 |
Madison Childrens Museum Inc Madison, WI | $15,954,090 | $4,245,584 |
Dupage Childrens Museum Naperville, IL | $4,350,291 | $2,458,475 |
Betty Brinn Childrens Museum Milwaukee, WI | $2,981,160 | $2,729,087 |
Ann Arbor Hands On Museum Ann Arbor, MI | $8,341,268 | $1,982,882 |
Discovery Center Museum Of Rockford Inc Rockford, IL | $3,899,428 | $2,144,571 |
Iowa Childrens Museum Coralville, IA | $6,008,938 | $1,241,709 |
The Building For Kids Inc Appleton, WI | $2,957,593 | $1,489,772 |
Childrens Museum Of Southern Minnesota Mankato, MN | $4,049,777 | $719,181 |