Koronis Lake Association Inc
- Assets
- $206.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Paynesville, MN
- Founding
- 07/1982
- Data as of
- 06/2022
- EIN
- 41-1412699
Organization Overview
Koronis Lake Association Inc is located in Paynesville, MN. The organization was established in 1982. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Koronis Lake 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 06/2022, Koronis Lake Association Inc generated $148.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $129.2k during the year ending 06/2022. While expenses have increased by 12.2% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROTECTION AND IMPROVEMENT OF LAKE KORONIS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Hess Director | 1 | $0 | |
Ray Lanning Director | 1 | $0 | |
Brian Frank Director | 1 | $0 | |
Riley Flanders Director | 1 | $0 | |
Andy Wendroth Director | 1 | $0 | |
Dan Zeigler Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $148,325 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $207 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $148,532 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,700 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,386 |
| Other expenses | $126,075 |
| Total expenses | $129,161 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $196,079 |
| Other assets | $0 |
| Total assets | $206,079 |
| Total liabilities | $0 |
| Net assets or fund balances | $206,079 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Koronis Lake Association Inc has recieved totaling $425,000.
| Awarding Organization | Amount |
|---|---|
Initiative Foundation Little Falls, MN PURPOSE: TO SUPPORT EXPERIMENTAL MANAGEMENT DESIGNED TO CONTROL AND CONTAIN THE INVASIVE MICROALGAE STARRY STONEWORT AND PREVENT ITS SPREAD TO OTHER LAKES IN MINNESOTA. | $425,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trout Unlimited Chanhassen, MN | $885,128 | $2,532,595 |
Lakeshore Farm Management Coop Valders, WI | $1,770,762 | $1,460,336 |
International Water Institute Fargo, ND | $1,362,645 | $1,044,274 |
Fox Lake Conservation League Inc Sherburn, MN | $973,588 | $1,363,279 |
Wild Rivers Conservancy Of The St Croix & Namekagon Osceola, WI | $495,125 | $1,215,590 |
Mississippi Park Connection Saint Paul, MN | $3,749,419 | $985,197 |
Clean Lakes Alliance Inc Madison, WI | $705,548 | $888,055 |
Friends Of The Falls Minneapolis, MN | $6,450,506 | $2,666,964 |
Geneva Lake Conservancy Inc Fontana, WI | $3,243,177 | $1,183,074 |
Nahant Marsh Education Center Davenport, IA | $2,990,592 | $1,370,122 |
Northern Waters Land Trust Walker, MN | $1,079,991 | $814,843 |
Red River Basin Commission Fargo, ND | $574,607 | $550,424 |