Hoyt Lake Water Carnival Committee Inc
- Assets
- $93.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hoyt Lakes, MN
- Founding
- 12/1993
- Data as of
- 12/2023
- EIN
- 41-1686048
Organization Overview
Hoyt Lake Water Carnival Committee Inc is located in Hoyt Lakes, MN. The organization was established in 1993. 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. Hoyt Lake Water Carnival Committee Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Hoyt Lake Water Carnival Committee Inc generated $106.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $123.5k during the year ending 12/2023. While expenses have increased by 5.0% per year over the past 9 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
2023
Describe the Organization's Program Activity:
Part 3
PROVIDED SOCIAL RECREATION & CIVIC ACTIVITIES FOR RESIDENTS OF HOYTLAKES AND SURROUNDING COMMUNITIES. APPROX. 4000 PEOPLE BENEFITED FROMTHIS 4 DAY EVENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nikki Swanson Vice President | 2 | $0 | |
Cherie Grams Secretary | 2 | $0 | |
Connor Michels Treasurer | 2 | $0 | |
Brad Carlson Director | 2 | $0 | |
Dan Darbo President | 2 | $0 | |
Vikki Bjerke Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,526 |
| Total Program Service Revenue | $52,893 |
| Membership dues | $0 |
| Investment income | $61 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $1,963 |
| Other Revenue | $0 |
| Total Revenue | $106,445 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $840 |
| Printing, publications, postage, and shipping | $1,033 |
| Other expenses | $111,645 |
| Total expenses | $123,518 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $93,812 |
| Other assets | $0 |
| Total assets | $93,812 |
| Total liabilities | $0 |
| Net assets or fund balances | $93,812 |