Coon Lake Community & Senior Center Inc
- Assets
- $408.5k
- Revenue
- $55.5k
- Investments
- $0.0
- Employees
- 10
- Location
- Wyoming, MN
- Founding
- 01/1980
- Data as of
- 03/2024
- EIN
- 41-1311668
Organization Overview
Coon Lake Community & Senior Center Inc is located in Wyoming, MN. The organization was established in 1980. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. As of 03/2024, Coon Lake Community & Senior Center Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coon Lake Community & Senior Center 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 03/2024, Coon Lake Community & Senior Center Inc generated $55.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $86.6k during the year ending 03/2024. While expenses have increased by 4.2% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
SERVING THE PEOPLE OF THE COON LAKE BEACH AREA BY MAINTAINING FINANCIAL INTEGRITY AND PROVIDING SERVICES THAT CONTRIBUTE TO THE HEALTH AND VITALITY OF THE COMMUNITY.
Describe the Organization's Program Activity:
COON LAKE COMMUNITY & SENIOR CENTER MAINTAINS THE FACILITY AND GROUNDS OF THE COON LAKE BEACH AREA FOR MEMBERS AND USERS OF THE GREATER AREA WORKING TO ENHANCE THE POSITIVE QUALITIES OF INDIVIDUALS, FAMILY AND COMMUNITY.
THE ORGANIZATION SUPPORTS A NUMBER OF ACTIVITIES AND COMMUNITY EVENTS. COON LAKE COMMUNITY & SENIOR CENTER PAYS FOR SUPPLIES AND A FOOD LICENSE TO SUPPORT THE COSTS FOR MEETINGS, SPECIAL LUNCHES AND DINNERS AND PARTIES/ACTIVITIES HOSTED AT THE CENTER. ONGOING ACTIVITIES HOSTED AND SUPPORTED BY COON LAKE COMMUNITY & SENIOR CENTER INCLUDE HOLIDAY PARTIES, SENIOR EVENTS & PROGRAMS RELATED TO YOUTH OUTREACH.
UNDER THE GUIDELINES ESTABLISHED AND REGULATED BY THE MINNESOTA GAMBLING CONTROL BOARD AND DEPARTMENT OF REVENUE, COON LAKE COMMUNITY & SENIOR CENTER EXPENDS NET PROCEEDS GENERATED FROM GAMBLING ON CHARITABLE ACTIVITIES. COON LAKE COMMUNITY & SENIOR CENTER DONATED 29,706 TO LOCAL CHARITIES DURING THE 2023 - 2024 FISCAL YEAR THROUGH THE GAMING FUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Fletcher President | OfficerTrustee | 1 | $0 |
Nate Birkmeier Vice Preside | OfficerTrustee | 0.5 | $0 |
Tom Nutzmann Treasurer | OfficerTrustee | 5 | $0 |
Mel Neuberger Secretary | OfficerTrustee | 0.75 | $0 |
Chase Korth Sgt At Arms | OfficerTrustee | 2.5 | $0 |
Jason Hohenstein Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $30,940 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,931 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,871 |
| Total Program Service Revenue | $6,565 |
| Investment income | $23 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $795 |
| Net Income from Gaming Activities | $6,291 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $55,545 |
| 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 | $8,470 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,147 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,767 |
| Fees for services: Accounting | $7,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,859 |
| Advertising and promotion | $0 |
| Office expenses | $1,076 |
| Information technology | $640 |
| Royalties | $0 |
| Occupancy | $19,029 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $643 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,438 |
| Insurance | $13,636 |
| All other expenses | $1,889 |
| Total functional expenses | $86,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,033 |
| Savings and temporary cash investments | $62,225 |
| 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 | $100 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $288,112 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $408,470 |
| 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 | $539 |
| Total liabilities | $539 |
| Net assets without donor restrictions | $366,545 |
| Net assets with donor restrictions | $41,386 |
| 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 | $408,470 |