Ghost Lake Corporation
- Assets
- $18.8m
- Revenue
- $723.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Stilwell, KS
- Founding
- 09/2014
- Data as of
- 12/2023
- EIN
- 45-4196318
Organization Overview
Ghost Lake Corporation is located in Stilwell, KS. The organization was established in 2014. 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. Ghost Lake Corporation 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 12/2023, Ghost Lake Corporation generated $723.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (16.7%) each year. All expenses for the organization totaled $977.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACQUISITION OF LAND AND LAND IMPROVEMENTS PURSUANT TO THE FOUNDATION'S EXEMPT PURPOSE
PRESERVATION AND PROMOTION OF BIODIVERSITY OF WILDLANDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nelson Shirley President | 5 | $0 | |
Bradley Siebert Director | 1 | $0 | |
Lori Kelly Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $723,533 |
| Total Revenue | $723,533 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,360 |
| Depreciation | $130,303 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $312,984 |
| Total operating and administrative expenses | $457,633 |
| Contributions, gifts, grants paid | $520,000 |
| Total expenses and disbursements | $977,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,445 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $157,224 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $18,561,532 |
| Other assets | $0 |
| Total assets | $18,807,201 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |