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 12/2022, Lakes Area Builders Assoc generated $106.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $90.1k during the year ending 12/2022. While expenses have increased by 4.5% per year over the past 8 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Al Clark Secretary/tr | 0 | $0 | |
Carmen Mccullough Bookkeeper | 0 | $27,900 | |
Nick Green Vice Preside | 0 | $0 | |
Bryan Schoenberger President | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $316 |
Total Program Service Revenue | $0 |
Membership dues | $28,464 |
Investment income | $306 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $7,241 |
Other Revenue | $70,031 |
Total Revenue | $106,358 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $30,812 |
Professional fees and other payments to independent contractors | $401 |
Occupancy, rent, utilities, and maintenance | $3,720 |
Printing, publications, postage, and shipping | $3,333 |
Other expenses | $45,546 |
Total expenses | $90,084 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $138,153 |
Other assets | $0 |
Total assets | $138,153 |
Total liabilities | $3,915 |
Net assets or fund balances | $134,238 |