Minnewaska Lake Association Inc
- Assets
- $104.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Glenwood, MN
- Founding
- 03/1999
- Data as of
- 05/2023
- EIN
- 41-1918491
Organization Overview
Minnewaska Lake Association Inc is located in Glenwood, MN. The organization was established in 1999. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnewaska Lake 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 05/2023, Minnewaska Lake Association Inc generated $68.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $79.4k during the year ending 05/2023. While expenses have increased by 8.7% per year over the past 7 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
WALLEYE STOCKING PROGRAM AS PART OF AN ONGOING PROJECT TO IMPROVE THE FISHERIES IN POPE COUNTY, MN. MLA SUPPLEMENTS THE MINNESOTA DNR'S STOCKING PROGRAM AND HABITAT PROGRAM IN THIS ENDEAVOR. THE ORGANIZATION ALSO PROVIDES THE LEAD ROLE IN IDENTIFYING INVASIVE SPECIES AND WORKING WITH THE MINNESOTA DNR IN THE TREATMENT OF AFFECTED AREAS OF THE LAKE. THE ORGANIZATION ALSO TOOK ON THE "LETS GO FISHING" PROJECT. THIS PROJECT PROVIDES A PONTOON STAFFED BY VOLUNTEERS TO TAKE SENIOR CITIZENS OF OUR AREA OUT ON LAKE MINNEWASKA FOR FISHING, SIGHT SEEING AND RECREATIONAL OPPORTUNITIES. THE OUTINGS HAPPEN ONE TO TWO TIMES PER WEEK, WEATHER PERMITTING. AS PART OF THE LET'S GO FISHING ENDEAVOR, THE ORGANIZATION ACQUIRED THE PONTOON, MOTOR AND TRAILER FORMERLY OWNED BY THE LET'S GO FISHING ORGANIZATION, ALONG WITH ASSUMING THE DEBT ON THE EQUIPMENT. THIS ACTION WAS TAKEN TO ASSURE CONTINUATION OF THE PROGRAM ON LAKE MINNEWASKA. THE ORGANIZATION ALSO PARTICIPATES IN MONITORING AND CONTROLLING INVASIVE SPECIES AND WATER TESTING AND SAMPLING PROGRAMS AND IS INVOLVED IN ONGOING DISCUSSIONS INVOLVING INVASIVE SPECIES,SHORELINE EROSION AND WATER LEVEL ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Wright Director | 2 | $0 | |
Mary Krueger Secretary | 5 | $0 | |
Steve Pike Director | 2 | $0 | |
Tom Silver Director | 2 | $0 | |
Kurt Amundson Director | 2 | $0 | |
Nancy Koep Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,765 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $51 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $19,977 |
| Other Revenue | $0 |
| Total Revenue | $68,793 |
| 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 | $6,095 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $73,298 |
| Total expenses | $79,393 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $96,450 |
| Other assets | $0 |
| Total assets | $103,988 |
| Total liabilities | $0 |
| Net assets or fund balances | $103,988 |