The Gull Lake Drifters
- Assets
- $261.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Nisswa, MN
- Founding
- 08/1997
- Data as of
- 12/2021
- EIN
- 41-1341140
Organization Overview
The Gull Lake Drifters is located in Nisswa, MN. The organization was established in 1997. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gull Lake Drifters 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 12/2021, Gull Lake Drifters generated $69.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $42.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 7 years. 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 |
|---|---|---|---|
John Terwilliger Treasurer | 1 | $1,743 | |
Sheila Avenson Secretary | 1 | $300 | |
Cindy Terwilliger Board Member | 1 | $150 | |
Don Mork Vice President | 1 | $100 | |
Dave Beam President | 1 | $0 | |
Ted Dullum Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $62,193 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $58 |
| Gain or Loss | $2,900 |
| Net Income from Gaming & Fundraising | $4,591 |
| Other Revenue | $0 |
| Total Revenue | $69,742 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $5,673 |
| Professional fees and other payments to independent contractors | $1,120 |
| Occupancy, rent, utilities, and maintenance | $2,481 |
| Printing, publications, postage, and shipping | $62 |
| Other expenses | $33,056 |
| Total expenses | $42,392 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $206,255 |
| Other assets | $0 |
| Total assets | $261,582 |
| Total liabilities | $11 |
| Net assets or fund balances | $261,571 |
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