Lake Region Community Fund
- Assets
- $141.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Devils Lake, ND
- Founding
- 12/1963
- Data as of
- 12/2021
- EIN
- 45-0357957
Organization Overview
Lake Region Community Fund is located in Devils Lake, ND. The organization was established in 1963. 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. Lake Region Community Fund 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 Region Community Fund generated $94.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $86.8k during the year ending 12/2021. While expenses have increased by 12.8% per year over the past 5 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
2021
Describe the Organization's Program Activity:
Part 3
THE LAKE REGION COMMUNITY FUND AWARDED GRANTS TO 16 QUALIFIED NON-PROFIT ORGANIZATIONS AND AGENCIES PROVIDINGSERVICES TO THE LAKE REGION AREA. THERE WERE NO OTHER SERVICES PROVIDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colleen Graue President | 2 | $0 | |
Alyssa Beckman Vice-President | 1 | $0 | |
Jennifer Pflaum Secretary | 2 | $0 | |
Chris Wahl Treasurer | 1 | $0 | |
Shawn Stafford Board Member | 1 | $0 | |
Karen Swanson Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $91,361 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $3,097 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $94,458 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $1,600 |
| Printing, publications, postage, and shipping | $119 |
| Other expenses | $3,766 |
| Total expenses | $86,788 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $141,626 |
| Other assets | $0 |
| Total assets | $141,626 |
| Total liabilities | $74,817 |
| Net assets or fund balances | $66,809 |