Lake Crystals G R A C E
- Assets
- $21.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lake Crystal, MN
- Founding
- 08/1996
- Data as of
- 12/2023
- EIN
- 41-1816341
Organization Overview
Lake Crystals G R A C E is located in Lake Crystal, MN. The organization was established in 1996. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Crystals G R A C E 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 12/2023, Lake Crystals G R A C E generated $92.2k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $89.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 9 years. 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
TO PROVIDE A SERVICE AND FACILITY TO THE COMMUNITY FOR RECYCLING MATERIAL GOODS OF CLOTHING AND HOUSEWARES AND IN RETURN MAKE CONTRIBUTIONS TO LOCAL CHARITIES WITH THE PROCEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Sandstrom Vice President | 2 | $0 | |
Calvin Thate President | 2 | $0 | |
Dave Roder Treasurer | 30 | $0 | |
Barb Overlie Director | 2 | $0 | |
Phil Fjeldberg Director | 2 | $0 | |
Rosemary Froen Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $85,530 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $6,635 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $92,165 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $30,826 |
| Professional fees and other payments to independent contractors | $1,025 |
| Occupancy, rent, utilities, and maintenance | $22,842 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $6,925 |
| Total expenses | $88,983 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $21,497 |
| Other assets | $0 |
| Total assets | $21,497 |
| Total liabilities | $0 |
| Net assets or fund balances | $21,497 |