Lakes Area Builders Assoc
- Assets
- $140.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Detroit Lakes, MN
- Founding
- 05/1988
- Data as of
- 12/2021
- EIN
- 41-1485580
Organization Overview
Lakes Area Builders Assoc is located in Detroit Lakes, MN. The organization was established in 1988. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakes Area Builders Assoc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Lakes Area Builders Assoc generated $44.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $49.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.5%) 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 |
|---|---|---|---|
Carmen Mccullough Bookkeeper | 15 | $20,540 | |
Bryan Schoenberger President | 0 | $0 | |
Al Clark Secretary/tr | 2 | $0 | |
Nick Green Vice Preside | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,495 |
| Total Program Service Revenue | $5,000 |
| Membership dues | $0 |
| Investment income | $214 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $35,886 |
| Total Revenue | $44,595 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $22,633 |
| Professional fees and other payments to independent contractors | $6,666 |
| Occupancy, rent, utilities, and maintenance | $3,600 |
| Printing, publications, postage, and shipping | $3,775 |
| Other expenses | $12,565 |
| Total expenses | $49,239 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $140,118 |
| Other assets | $0 |
| Total assets | $140,118 |
| Total liabilities | $22,154 |
| Net assets or fund balances | $117,964 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lakes And Pines Community Action Council Inc Mora, MN | $3,434,723 | $9,795,071 |
Community Action Inc Of Rock And Walworth Counties Beloit, WI | $10,640,793 | $9,364,558 |
Kootasca Community Action Inc Grand Rapids, MN | $3,733,183 | $8,667,071 |
Impact Seven Incorporated Rice Lake, WI | $149,638,063 | $17,926,158 |
North Central Community Action Program Inc wisconsin rapids, WI | $2,366,497 | $7,790,312 |
St Paul Auto Dealers And District 77 Lodge Iamaw Joint Fund Bloomington, MN | $6,441,158 | $6,840,517 |
Community Facility Public Private Partnerships Minnetonka, MN | $139,342,573 | $6,847,373 |
Emerge Community Development Minneapolis, MN | $6,688,888 | $6,982,216 |
Regional Development Authority Davenport, IA | $4,541,432 | $7,109,702 |
Southwestern Minnesota Opportunity Council Inc Worthington, MN | $6,681,573 | $5,602,564 |
Thunder Valley Community Development Corporation Porcupine, SD | $24,786,426 | $14,048,128 |
South Central Iowa Community Action Program Inc Chariton, IA | $1,633,928 | $5,339,343 |