Otter Tail Lakes Property Owners Association Foundation Inc
- Assets
- $75.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Battle Lake, MN
- Founding
- 11/2000
- Data as of
- 12/2021
- EIN
- 41-1975582
Organization Overview
Otter Tail Lakes Property Owners Association Foundation Inc is located in Battle Lake, MN. The organization was established in 2000. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Otter Tail Lakes Property Owners Association Foundation 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 12/2021, Otter Tail Lakes Property Owners Association Foundation Inc generated $12.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $5.0k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
PROVIDED BUOYS AND INSTALLED THEM ON OTTERTAIL LAKE TO PROMOTE SAFETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Nelson Secretary | 1 | $0 | |
David Spies Director | 1 | $0 | |
Larry Krohn Director | 1 | $0 | |
Lana Ouren Treasurer | 2 | $0 | |
Bernie Steeves President | 2 | $0 | |
Scott Simdorn Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,730 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $522 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $12,252 |
| 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 | $425 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,556 |
| Total expenses | $4,981 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $75,530 |
| Other assets | $0 |
| Total assets | $75,530 |
| Total liabilities | $0 |
| Net assets or fund balances | $75,530 |
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