Grand Island Liederkranz
- Assets
- $624.2k
- Revenue
- $133.0k
- Investments
- $0.0
- Employees
- 12
- Location
- Grand Island, NE
- Founding
- 05/1945
- Data as of
- 12/2022
- EIN
- 47-0176430
Organization Overview
Grand Island Liederkranz is located in Grand Island, NE. The organization was established in 1945. According to its NTEE Classification (Y42) the organization is classified as: Domestic Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2022, Grand Island Liederkranz employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grand Island Liederkranz is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Grand Island Liederkranz generated $133.0k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $119.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 4 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL CLUB, BALLROOM, COURTYARD, RESTAURANT & LOUNGE FOR MEMBERS USE, PRESERVATION OF 111-YEAR-OLD BUILDING ON NATIONAL HISTORICAL LIST WITH HISTORICAL ARTIFACTS WITHIN THE BUILDING
Describe the Organization's Program Activity:
Part 3 - Line 4a
619 SERVED RESTAURANT & LOUNGE
619 SERVED BALLROOM FOR DANCING AND SOCIAL FUNCTIONS
619 SERVED THEATER PRODUCTIONS, SINGING GROUP, AND DANCE GROUP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Borgheiinck Trustee | Trustee | 1 | $0 |
Randy Iversen Trustee | Trustee | 2 | $0 |
Travis Ernstmeyer Trustee | Trustee | 0.5 | $0 |
Greg Schaffer Trustee | Trustee | 2 | $0 |
Rick Schroder Trustee | Trustee | 5 | $0 |
Dan Boersen Vice President | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $22,147 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,804 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,951 |
| Total Program Service Revenue | $19,547 |
| 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 | $87,460 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $132,958 |
| 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 | $18,255 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,838 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,939 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,547 |
| Office expenses | $1,863 |
| Information technology | $756 |
| Royalties | $0 |
| Occupancy | $21,901 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,275 |
| All other expenses | $58,414 |
| Total functional expenses | $119,788 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $868 |
| Savings and temporary cash investments | $157,227 |
| 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 | $10,855 |
| Prepaid expenses and deferred charges | $1,380 |
| Net Land, buildings, and equipment | $449,881 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,984 |
| Total assets | $624,195 |
| Accounts payable and accrued expenses | $6,203 |
| Grants payable | $0 |
| Deferred revenue | $16,444 |
| 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 | $22,647 |
| 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 | $601,548 |
| Total liabilities and net assets/fund balances | $624,195 |