Wallowa Lake Tourism Association
- Assets
- $27.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Joseph, OR
- Founding
- 06/2017
- Data as of
- 12/2021
- EIN
- 81-4331870
Organization Overview
Wallowa Lake Tourism Association is located in Joseph, OR. The organization was established in 2017. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wallowa Lake Tourism Association 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, Wallowa Lake Tourism Association generated $5.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (11.6%) each year. All expenses for the organization totaled $5.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE TOURISM ASSOCIATION EXISTS TO PROMOTE TOURISM AT AND FURTHER THE MARKETINGOPPORTUNITIES FOR IT'S MEMBERS WHO OPERATE AT THE SOUTH END OF WALLOWA LAKE IN WHATIS KNOWN AS THE VILLAGE AT WALLOWA LAKE. THE ASSOCIATION ACCOMPLISHES THESEOBJECTIVES BY HOLDING THE ANNUAL DRAGON BOAT RACE, DRAGONS IN THE WALLOWAS, AND BYHOSTING THE ANNUAL ALPENFEST BREAKFAST. THE ASSOCIATION USES THE FUNDS RAISED FROMTHESE TWO EVENTS ALONG WITH MEMBER DUES TO HOST A SHARED TOURISM-THEMED WEBSITE FORMEMBER BUSINESSES, HTTP://WWW.WALLOWALAKE.NET/, AND TO LEVERAGE MARKETINGOPPORTUNITIES IN TRAVEL MAGAZINES AND TOURIST GUIDES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Lockhart President | 0 | $0 | |
Michael Vali Secretary | 0 | $0 | |
David Hurley Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $3,900 |
| Investment income | $49 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $1,400 |
| Other Revenue | $0 |
| Total Revenue | $5,349 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $190 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $5,259 |
| Total expenses | $5,449 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $23,736 |
| Other assets | $0 |
| Total assets | $27,355 |
| Total liabilities | $0 |
| Net assets or fund balances | $27,355 |