Lake Superior Steel Head Association Inc
- Assets
- $113.9k
- Revenue
- $91.6k
- Investments
- $0.0
- Employees
- 7
- Location
- Duluth, MN
- Founding
- 10/1973
- Data as of
- 02/2024
- EIN
- 41-1573739
Organization Overview
Lake Superior Steel Head Association Inc is located in Duluth, MN. The organization was established in 1973. According to its NTEE Classification (D33) the organization is classified as: Fisheries Resources, under the broad grouping of Animal-Related and related organizations. As of 02/2024, Lake Superior Steel Head Association Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Superior Steel Head 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 02/2024, Lake Superior Steel Head Association Inc generated $91.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (14.5%) each year. All expenses for the organization totaled $117.5k during the year ending 02/2024. As we would expect to see with falling revenues, expenses have declined by (10.7%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE PROPAGATION OF STEELHEAD TROUT AND COLD WATER FISH THROUGH A COMBINED PROGRAM OF HATCHERY DEVELOPMENT AND PROTECTION OF LAKE SUPERIOR FISH
Describe the Organization's Program Activity:
RESTORATION OF THE KNIFE RIVER WATERSHED INCLUDING THE FALLS AND SURROUNDING HABITAT TO PROVIDE NECESSARY HABITAT FOR MIGRATING FISH
EDUCATION OF MEMBERS AND THE PUBLIC THROUGH THE DISTRIBUTION OF AN ANNUAL PUBLICATION AND OF A BI-MONTHLY NEWSLETTER HIGHLIGHTING EFFORTS THROUGHOUT THE LAKE SUPERIOR WATERSHED TO PROTECT WATER QUALITY, REDEVELOP HABITAT, MANAGE FISH POPULATIONS AND ENCOURAGE PEOPLE TO PARTICIPATE IN COLD WATER FISHING
VOLUNTEER DRIVEN SPECIAL EVENTS TO PROTECT AND RESTORE HABITAT AND SPECIAL EVENTS OPEN TO THE PUBLIC TO CELEBRATE AND ENCOURAGE PARTICIPATION IN THE ORGANIZATION AND IN THE SPORT OF FISHING INCLUDING A YOUTH MENTORING PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Bovee Secretary/gambling Mgr | OfficerTrustee | 20 | $103,695 |
Mike Pitan President | OfficerTrustee | 4 | $0 |
Curt Wistrom Vice President | OfficerTrustee | 2 | $0 |
Doug Dahl Treasurer | OfficerTrustee | 2 | $0 |
Keith Behn Director | Trustee | 1 | $0 |
John Ek Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,260 |
| Fundraising events | $0 |
| Related organizations | $39,109 |
| Government grants | $60,925 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,758 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $107,052 |
| Total Program Service Revenue | $11,967 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | -$26,428 |
| Net Income from Sales of Inventory | -$991 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $91,600 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $87,050 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| 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 | $6,914 |
| 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 | $117,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,634 |
| Savings and temporary cash investments | $19,309 |
| 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 | $113,943 |
| 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 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $113,943 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $113,943 |