Otter Tail Lakes Country Association
- Assets
- $339.6k
- Revenue
- $321.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Fergus Falls, MN
- Founding
- Data as of
- 12/2021
- EIN
- 81-2413340
Organization Overview
Otter Tail Lakes Country Association is located in Fergus Falls, MN. As of 12/2021, Otter Tail Lakes Country Association employed 2 individuals. Otter Tail Lakes Country Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Otter Tail Lakes Country Association generated $321.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $453.3k during the year ending 12/2021. While expenses have increased by 18.6% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MARKETING AND ECONOMIC ENHANCEMENT OF OTTER TAIL COUNTY, MN AND SURROUNDING AREAS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ADMINISTER AND EXPEND FUNDS FOR THE PURPOSE OF MARKETING AND ECONOMIC ENHANCEMENT, INCLUDING TOURISM, OF OTTER TAIL COUNTY, MN AND SURROUNDING AREAS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nick Leonard Treasurer/secre | OfficerTrustee | 5 | $0 |
Candace Rastedt Vice President | OfficerTrustee | 1 | $0 |
Laura Bjerke President | OfficerTrustee | 1 | $0 |
Jean Bowman Director | Trustee | 1 | $0 |
Linda Stoll Director | Trustee | 1 | $0 |
Emily Meyers Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $138,541 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $164,541 |
| Total Program Service Revenue | $104,819 |
| Investment income | $724 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $49,382 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $321,525 |
| 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 | $45,934 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,650 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $205 |
| Fees for services: Accounting | $1,965 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $358,684 |
| Office expenses | $627 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,710 |
| 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 | $2,830 |
| All other expenses | $1,443 |
| Total functional expenses | $453,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $309,724 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,213 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,636 |
| 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 | $339,573 |
| Accounts payable and accrued expenses | $7,249 |
| Grants payable | $0 |
| Deferred revenue | $13,777 |
| 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 | $2,296 |
| Total liabilities | $23,322 |
| 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 | $316,251 |
| Total liabilities and net assets/fund balances | $339,573 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Divine Savior Healthcare Inc Portage, WI | $146,404,206 | $99,548,163 |
Jackson Park Hospital Foundation Chicago, IL | $132,629,667 | $107,987,360 |
Avera St Marys Pierre, SD | $117,040,382 | $106,933,224 |
St Margarets Health Spring Valley Spring Valley, IL | $107,727,640 | $91,881,221 |
Providence Health Alliance Inc St Louis, MO | $27,745,143 | $62,779,739 |
Alexian Brothers Ambulatory Group St Louis, MO | $321,335,814 | $68,677,417 |
Samaritas Detroit, MI | $92,322,257 | $101,009,415 |
Columbia College Columbia, MO | $267,475,036 | $84,570,180 |
Benefis Health System Inc Great Falls, MT | $1,511,234,520 | $121,846,801 |
University Of Dubuque Dubuque, IA | $403,203,443 | $110,402,473 |
Concordia University Chicago River Forest, IL | $86,542,696 | $102,736,797 |
Sauk Prairie Healthcare Inc Prairie Du Sac, WI | $167,630,839 | $104,363,502 |