Lake Minnetonka Association
- Assets
- $255.3k
- Revenue
- $218.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Excelsior, MN
- Founding
- 10/1997
- Data as of
- 12/2020
- EIN
- 41-1878169
Organization Overview
Lake Minnetonka Association is located in Excelsior, MN. The organization was established in 1997. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, 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. Lake Minnetonka Association 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 12/2020, Lake Minnetonka Association generated $218.1k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $110.1k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (15.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE PRESERVATION AND REASONABLE USE OF LAKE MINNETONKA BY BEING AN INFORMATION SOURCE AND ADVOCATE FOR THE PUBLIC AND LAKESHORE OWNERS AND BUSINESSES AND TO ADMINISTRATE, MONITOR AND PAY FOR AQUATIC INVASIVE SPECIES CONTROL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMINISTRATED, MONITORED AND PAID FOR AQUATIC INVASIVE SPECIES CONTROL PROGRAMS AND ADMINISTRATED AND PRODUCED EDUCATION PROGRAMS THROUGH NEWSLETTERS AND OTHER MEDIA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Roy Director Vice President | OfficerTrustee | 2 | $0 |
Tom Frahm Director President | OfficerTrustee | 4 | $0 |
Lee Harren Director Secretary & Treasur | OfficerTrustee | 4 | $0 |
Denise Westman Director | Trustee | 2 | $0 |
Judd Brackett Director | Trustee | 2 | $0 |
Terry Bryce Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $106,386 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $104,908 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $211,294 |
| Total Program Service Revenue | $0 |
| Investment income | $20 |
| 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 | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $218,099 |
| 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 | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $15,300 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,036 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $110,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $255,285 |
| Savings and temporary cash investments | $0 |
| 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 | $255,285 |
| Accounts payable and accrued expenses | $3,900 |
| 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 | $3,900 |
| Net assets without donor restrictions | $251,385 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| 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 | $255,285 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that Lake Minnetonka Association has recieved totaling $20,017.
| Awarding Organization | Amount |
|---|---|
Minneapolis Foundation Minneapolis, MN PURPOSE: DONOR-RECOMMENDED, ENVIRONMENT | $6,800 |
Woodhouse Family Foundation Minneapolis, MN PURPOSE: GENERAL SUPPORT | $2,000 |
Prospect Creek Foundation Wayzata, MN PURPOSE: OPERATIONAL | $2,000 |
James T Nystrom Foundation Brooklyn Park, MN PURPOSE: GENERAL SUPPORT | $1,500 |
Bergmark Foundation Deephaven, MN PURPOSE: GENREAL SUPPORT | $1,200 |
Lucky Seven Mn Foundation Chaska, MN PURPOSE: GENERAL FUNDING | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa Natural Heritage Foundation Des Moines, IA | $108,833,936 | $34,922,369 |
Whiterock Conservancy Coon Rapids, IA | $23,838,581 | $11,211,658 |
Whitetails Unlimited Inc Sturgeon Bay, WI | $13,644,275 | $8,358,134 |
Bluegreen Alliance Foundation Minneapolis, MN | $12,222,857 | $7,842,420 |
Environmental Initiative Minneapolis, MN | $4,533,622 | $7,299,433 |
Trees Forever Inc Marion, IA | $2,919,992 | $4,619,132 |
Tri-Lakes Sportsmens Club Inc Lonsdale, MN | $173,320 | $2,697,974 |
Northeastern Minnesotans For Wilderness Ely, MN | $1,679,993 | $2,959,413 |
Natural Resources Foundation Of Wisconsin Inc Madison, WI | $20,136,945 | $3,445,267 |
Rooted Wi Inc Madison, WI | $3,633,286 | $971,353 |
Deb & Jeff Hansen Foundation West Des Moines, IA | $7,393,305 | $2,047,371 |
Wiscorps Inc La Crosse, WI | $207,552 | $1,429,259 |