Lake Effect Conservancy is located in Wayzata, MN. The organization was established in 2016. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, 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. Lake Effect Conservancy 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 Effect Conservancy generated $284.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $295.2k during the year ending 12/2021. 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
THE LAKE EFFECT CONSERVANCY IS A NONPROFIT ORGANIZATION THAT SERVES AS AN ADVOCATE AND FUNDRAISING AGENCY FOR THE PANOWAY ON WAYZATA BAY INITIATIVE, A PUBLIC-PRIVATE PARTNERSHIP WITH THE CITY OF WAYZATA. THE GOAL OF THIS INITIATIVE IS TO PRESERVE AND ENHANCE THE CITY'S GREATEST ASSET, LAKE MINNETONKA, FOR FUTURE GENERATIONS AND TO HELP IMPROVE THE LAKESIDE ECOSYSTEM WITH SIGNIFICANT BENEFITS TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDING UPDATEWE RECEIVED $284,718 IN GIFTS FROM PRIVATE INDIVIDUALS, FOUNDATIONS, AND BUSINESSES DURING THE YEAR.WE ASSISTED THE CITY OF WAYZATA IN ITS EFFORTS TO APPROVE UTILIZING $4 MILLION FROM A TAX INCREMENT FINANCING (TIF) DISTRICT TO HELP COVER DESIGN AND CONSTRUCTION COSTS FOR THE PUBLIC BOARDWALK AND COMMUNITY DOCKS AS WELL AS SHORELINE RESTORATION. THIS FOLLOWS SUCCESSFUL EFFORTS FROM CITY LEADERS AND THE WAYZATA CONSERVANCY TO WORK WITH LAWMAKERS TO OBTAIN SPECIAL TIF LEGISLATION FROM THE STATE. THROUGH THESE EFFORTS, COMBINED WITH PAST SUCCESSES, MORE THAN 95% OF THE REQUIRED FUNDS FOR THIS PHASE OF THE PROJECT HAVE BEEN SECURED. AS A RESULT, THE CITY OF WAYZATA IS MOVING FORWARD WITH THE DESIGN OF PHASE II OF THE PANOWAY PROJECT, INCLUDING THE DESIGN AND CONSTRUCTION OF THE PUBLIC BOARDWALK AND COMMUNITY DOCKS, SIGNIFICANT SHORELINE RESTORATION, AND THE DESIGN AND CONSTRUCTION OF THE SECTION FOREMAN HOUSE RE-USE PROJECT. WE RECEIVED A LEAD GIFT TOWARDS THE SECTION FOREMAN HOUSE THAT WILL FUND 50% OF CONSTRUCTION, LEAVING A BALANCE OF $750,000 TO FUND THE TRAIL AND OTHER RELATED INFRASTRUCTURE UPGRADES TO MAKE PUBLIC ACCESS TO THE LAKESHORE LEARNING CENTER, AND RENOVATION OF THE BUILDING, POSSIBLE. PROGRAM UPDATETHE SECTION FOREMAN HOUSE WAS PLACED ON THE NATIONAL REGISTRY OF HISTORIC PLACES, AN IMPORTANT DESIGNATION IN PRESERVING A SIGNIFICANTLY HISTORICAL BUILDING. THE ARCHITECTURE FIRM CUSHING TERRELL WAS SELECTED TO HELP BRING THIS RECOGNIZED NATIONAL HISTORIC BUILDING BACK TO LIFE. THE PLAN IS TO RESTORE THIS HISTORIC HOME AND REPURPOSE IT INTO A LAKEFRONT LEARNING CENTER, CREATING A LIVING MUSEUM THAT WILL PROVIDE INDOOR AND OUTDOOR CLASSROOM AND COMMUNITY SPACE AS PART OF THE NEWLY CREATED ECO PARK.WE SUCCESSFULLY FUNDED, DESIGNED, AND COMPLETED A MEMORIAL HONORING THE 20TH ANNIVERSARY OF THE 9/11/2001 ATTACKS ON THE WORLD TRADE CENTER. THE MEMORIAL IS AN IMPORTANT REFLECTION POINT IN THE HEART OF PANOWAY AT THE INTERSECTION OF LAKE ST. AND BROADWAY AVE. THE MEMORIAL HONORS WAYZATA NATIVE SON GORDY AAMOTH JR, AND REMEMBERS ALL WHO WERE INJURED OR PERISHED, ALL VOLUNTEERS AND FIRST RESPONDERS WHO UNITED TO ANSWER THE CALL, AND THOSE WHO WERE TOUCHED BY THE EVENTS OF THAT DAY. WE LAUNCHED OUR NAMING AND DEDICATION PROGRAM, PROVIDING COMMUNITY MEMBERS AND OTHER PROJECT SUPPORTERS OPPORTUNITIES TO BE RECOGNIZED FOR THEIR SUPPORT OF THE PANOWAY ON WAYZATA BAY PROJECT. SUPPORTERS MAY PAY TRIBUTE TO PEOPLE, PLACES, BUSINESSES OR ORGANIZATIONS BY MAKING A FINANCIAL CONTRIBUTION TO THE PROJECT. EACH GIFT, AND RESULTING NAMING OR DEDICATION, IS SUBJECT TO THE CITY OF WAYZATA POLICY FOR NAMING AND DEDICATION OF CITY-OWNED LAND AND FACILITIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dan Koch Treasurer | OfficerTrustee | 2 | $0 |
Jon Halverson Vice-Chair | OfficerTrustee | 2 | $0 |
Andrew Mullin Director | Trustee | 2 | $0 |
Blake Sandvold Chair | Trustee | 2 | $0 |
Barry J Carlson Director | Trustee | 2 | $0 |
Bob Ambrose Director | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $284,718 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $284,718 |
Total Program Service Revenue | $0 |
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 | $284,718 |
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 | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $509 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $123,915 |
Advertising and promotion | $13,085 |
Office expenses | $2,229 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
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 | $1,005 |
All other expenses | $103 |
Total functional expenses | $295,162 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $195,140 |
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 | $0 |
Prepaid expenses and deferred charges | $0 |
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 | $195,140 |
Accounts payable and accrued expenses | $0 |
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 | $0 |
Total liabilities | $0 |
Net assets without donor restrictions | $195,140 |
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 | $195,140 |
Over the last fiscal year, we have identified 2 grants that Lake Effect Conservancy has recieved totaling $98,485.
Awarding Organization | Amount |
---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ENVIRONMENTAL AND ANIMALS | $90,000 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $8,485 |
Organization Name | Assets | Revenue |
---|---|---|
Trout Unlimited Chanhassen, MN | $885,128 | $2,532,595 |
Lakeshore Farm Management Coop Valders, WI | $1,770,762 | $1,460,336 |
International Water Institute Fargo, ND | $1,362,645 | $1,044,274 |
Fox Lake Conservation League Inc Sherburn, MN | $973,588 | $1,363,279 |
Wild Rivers Conservancy Of The St Croix & Namekagon Osceola, WI | $495,125 | $1,215,590 |
Mississippi Park Connection Saint Paul, MN | $3,749,419 | $985,197 |
Clean Lakes Alliance Inc Madison, WI | $705,548 | $888,055 |
Friends Of The Falls Minneapolis, MN | $6,450,506 | $2,666,964 |
Geneva Lake Conservancy Inc Fontana, WI | $3,243,177 | $1,183,074 |
Nahant Marsh Education Center Davenport, IA | $2,990,592 | $1,370,122 |
Northern Waters Land Trust Walker, MN | $1,079,991 | $814,843 |
Red River Basin Commission Fargo, ND | $574,607 | $550,424 |