Lake Sullivan Association Inc
- Assets
- $96.0k
- Revenue
- $99.8k
- Investments
- $0.0
- Employees
- 17
- Location
- Hillman, MN
- Founding
- 03/2003
- Data as of
- 12/2021
- EIN
- 41-6173302
Organization Overview
Lake Sullivan Association Inc is located in Hillman, MN. The organization was established in 2003. According to its NTEE Classification (C20) the organization is classified as: Pollution Abatement & Control, under the broad grouping of Environment and related organizations. As of 12/2021, Lake Sullivan Association Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Sullivan 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 12/2021, Lake Sullivan Association Inc generated $99.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.1% each year . All expenses for the organization totaled $41.2k during the year ending 12/2021. While expenses have increased by 14.5% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROTECTION OF THE LAKE ENVIRONMENT
Describe the Organization's Program Activity:
EXPENSES INCURRED FOR PROTECTING THE ENVIRONMENT IN AND AROUND SULLIVAN LAKE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Mitchell Secy/treas | Officer | 4 | $4,200 |
Darrell Ridler Pres | Officer | 2 | $3,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $28,358 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,598 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,510 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,466 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $44,312 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $99,778 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $550 |
| 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. | $7,450 |
| Compensation of current officers, directors, key employees. | $1,490 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,630 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,874 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,012 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,151 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $263 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,161 |
| All other expenses | $0 |
| Total functional expenses | $41,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95,126 |
| 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 | $840 |
| 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 | $95,966 |
| Accounts payable and accrued expenses | $42 |
| 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 | $42 |
| Net assets without donor restrictions | $0 |
| 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 | $95,924 |
| Total liabilities and net assets/fund balances | $95,966 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lake Sullivan Association Inc has recieved totaling $84.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $84 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Midwest Renewable Energy Tracking System Inc Minneapolis, MN | $5,568,643 | $5,848,672 |
Madison Environmental Resourcing Inc Waunakee, WI | $4,401,119 | $2,770,158 |
Clean Wisconsin Inc Madison, WI | $3,664,321 | $2,671,519 |
International Association Of Heat & Frost Insulators & Allied Workers Pewaukee, WI | $2,590,440 | $1,417,375 |
Iowa Agriculture Water Alliance Ankeny, IA | $1,276,775 | $1,465,048 |
International Association Of Heat & Frost Insulators & Allied Workers Cedar Rapids, IA | $378,664 | $679,863 |
Portable Sanitation Association St Paul, MN | $363,339 | $715,455 |
International Association Of Heat & Frost Insulators & Allied Workers Clintonville, WI | $726,048 | $641,993 |
Green Lake Association Inc Green Lake, WI | $2,146,736 | $2,031,687 |
Mason City Foundation Mason City, IA | $6,077,487 | $496,052 |
International Association Of Heat & Frost Insulators & Allied Workers Duluth, MN | $477,438 | $492,343 |
International Association Of Heat & Frost Insulators & Allied Workers Bismarck, ND | $188,689 | $172,100 |