Lake Mcmurtry Friends Inc
- Assets
- $139.6k
- Revenue
- $518.1k
- Investments
- $0.0
- Employees
- 22
- Location
- Stillwater, OK
- Founding
- 02/2014
- Data as of
- 06/2023
- EIN
- 45-5191283
Organization Overview
Lake Mcmurtry Friends Inc is located in Stillwater, OK. The organization was established in 2014. According to its NTEE Classification (C11) the organization is classified as: Single Organization Support, under the broad grouping of Environment and related organizations. As of 06/2023, Lake Mcmurtry Friends Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Mcmurtry Friends 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 06/2023, Lake Mcmurtry Friends Inc generated $518.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $519.0k during the year ending 06/2023. While expenses have increased by 3.8% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE, PROMOTE AND OPERATE THE PARK AT LAKE MCMURTRY; A PROPERTY OF THE CITY OF STILLWATER, OK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT OF THE PARK AT LAKE MCMURTRY, A CITY OF STILLWATER PROPERTY, FOR THE BENEFIT AND ENJOYMENT OF CITY RESIDENTS.
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 |
|---|---|---|---|
Scott Stoodley Chairman | Trustee | 1 | $0 |
Dan Storm Vice Chair | Trustee | 1 | $0 |
Janet Stewart Treasurer | Trustee | 1 | $0 |
Suzanne Reinman Secretary | Trustee | 1 | $0 |
Michael Shaller Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $180,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $73,139 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $253,139 |
| Total Program Service Revenue | $264,958 |
| 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 | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $518,097 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $287,701 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $26,643 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $147 |
| Fees for services: Accounting | $3,621 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,778 |
| Advertising and promotion | $1,376 |
| Office expenses | $4,335 |
| Information technology | $9,639 |
| Royalties | $0 |
| Occupancy | $44,314 |
| Travel | $316 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,002 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,132 |
| Insurance | $34,244 |
| All other expenses | $23,919 |
| Total functional expenses | $519,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,789 |
| 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 | $2,561 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $97,069 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $174 |
| Total assets | $139,593 |
| Accounts payable and accrued expenses | $44,908 |
| 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 | $399 |
| Total liabilities | $45,307 |
| Net assets without donor restrictions | $94,286 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $139,593 |