Lakes Area Medical Development Assoc
- Assets
- $0.0
- Revenue
- $159.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Pequot Lakes, MN
- Founding
- Data as of
- 12/2015
- EIN
- 41-1313534
Organization Overview
Lakes Area Medical Development Assoc is located in Pequot Lakes, MN. Lakes Area Medical Development Assoc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE MEDICAL FACILITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROCEEDS FROM THE SALE OF LAND AND BUILDINGS WERE DISTRIBUTED TO LOCAL NON-PROFIT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Engen President | OfficerTrustee | 0.5 | $0 |
James Oraskovich Secretary | OfficerTrustee | 0.5 | $0 |
Sharon Thurlow Director | Trustee | 0.5 | $0 |
Roger Schwieters Director | Trustee | 0.5 | $0 |
Karen Christopherson Director | Trustee | 0.5 | $0 |
Mark Jurchen Director | Trustee | 0.5 | $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 | $104 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,104 |
| Net Gain/Loss on Asset Sales | $160,094 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $159,094 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $570,000 |
| 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 | $2,850 |
| Fees for services: Accounting | $5,693 |
| 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 | $195 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $578,738 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |
Grants Awarded
Over the last fiscal year, Lakes Area Medical Development Assoc has awarded $550,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ST JOSEPH'S FOUNDATION PURPOSE: PROMOTE THE HEALTH AND WELL-BEING OF PATIENTS AND PEOPLE IN THE BRAINERD LAKES AREA. | $150,000 |
INITIATIVE FOUNDATION PURPOSE: ESTABLISH AN IRREVOCABLE ENDOWMENT FUND FOR HEALTH AND WELLNESS PROGRAMS IN THE BRAINERD LAKES AREA IN THE AMOUNT OF $200,000 AND ANOTHER $200,000 FOR CASH GRANTS TO BRAINERD LAKES AREA 501(C)(3) ENTITIES. | $400,000 |