National Loon Center Foundation Inc
- Assets
- $1.6m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Crosslake, MN
- Founding
- 10/2017
- Data as of
- 12/2021
- EIN
- 82-1717690
Organization Overview
National Loon Center Foundation Inc is located in Crosslake, MN. The organization was established in 2017. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, 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. National Loon Center Foundation 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 12/2021, National Loon Center Foundation Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 68.3% each year . All expenses for the organization totaled $304.1k during the year ending 12/2021. While expenses have increased by 52.5% per year over the past 4 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
THE FOUNDATIONS MISSION IS TO RESTORE AND PROTECT LOON HABITATS, ENHANCE ENVIRONMENTAL RECREATION, AND CONSTRUCT A RESEARCH AND EDUCATION CENTER FOR MIGRATORY WILDLIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2020, THE NATIONAL LOON CENTER FINALIZED A 25 YEAR FEDERAL LAND LEASE WITH THE US ARMY CORP OF ENGINEERS THAT WILL ALLOW THE NLC TO COMMENCE WITH BUILDING A WORLD-CLASS FACILITY AT THE CROSSLAKE RECREATION AREA. THE NLC RECEIVED A $750K OPERATING GRANT FROM THE MARGARET A CARGILL FUND OF THE ST PAUL AND MINNESOTA FOUNDATION THAT ALLOWED IT TO HIRE ITS FIRST EXECTURIVE DIRECTOR AFTER A NATIONAL SEARCH. THE NLC COMPLETED ARCHAELOGICAL REVIEWS AND SITE PLANNING THAT WOULD ENABLE THE INSTALLATION OF MOORING STATIONS, SIDEWALKS, BOARDWALKS, AND OUTDOOR EXHIBITS IN 2021. INITIATED FUNDRAISING AND COMMUNICATIONS PLANS. COMPLETED HOLISTIC CURRICULA FOR THE FLOATING CLASSROOM AND THE CENTER ITSELF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carla White Secretarytreasurer | OfficerTrustee | 0 | $0 |
Scott Mitchell Board Member | Trustee | 0 | $0 |
Carrol Henderson Board Member | Trustee | 0 | $0 |
Tim Searles Board Member | Trustee | 0 | $0 |
Melanie Underbrink Board Member | Trustee | 0 | $0 |
Chip Leer Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | -$250 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,002,264 |
| All other contributions, gifts, grants, and similar amounts not included above | $121,999 |
| Noncash contributions included in lines 1a–1f | $200 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,124,013 |
| Total Program Service Revenue | $60,514 |
| Investment income | $3,230 |
| 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 | -$26,476 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,161,281 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $48,000 |
| 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 | $100 |
| Fees for services: Accounting | $541 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $1,963 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $209,882 |
| Advertising and promotion | $3,411 |
| Office expenses | $8,267 |
| 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 | $81 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $14,341 |
| All other expenses | $11,000 |
| Total functional expenses | $304,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $505,869 |
| 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 | $1,099,482 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,605,351 |
| Accounts payable and accrued expenses | $115,278 |
| 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 | $115,278 |
| Net assets without donor restrictions | $1,490,073 |
| 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 | $1,605,351 |
Grants Awarded
Over the last fiscal year, National Loon Center Foundation Inc has awarded $13,550 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MINNESOTA PURPOSE: GRAD STUDENT WORK ON NLC ED CURRICULUM | $7,550 |
CITY OF CROSSLAKE PURPOSE: TO SUPPORT A PARKING AND TRAFFIC STUDY | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that National Loon Center Foundation Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Dare Lamberton White And William F White Foundation Winona, MN PURPOSE: GENERAL PROGRAM COSTS | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa Natural Heritage Foundation Des Moines, IA | $108,833,936 | $34,922,369 |
Whiterock Conservancy Coon Rapids, IA | $23,838,581 | $11,211,658 |
Whitetails Unlimited Inc Sturgeon Bay, WI | $13,644,275 | $8,358,134 |
Bluegreen Alliance Foundation Minneapolis, MN | $12,222,857 | $7,842,420 |
Environmental Initiative Minneapolis, MN | $4,533,622 | $7,299,433 |
Trees Forever Inc Marion, IA | $2,919,992 | $4,619,132 |
Tri-Lakes Sportsmens Club Inc Lonsdale, MN | $173,320 | $2,697,974 |
Northeastern Minnesotans For Wilderness Ely, MN | $1,679,993 | $2,959,413 |
Natural Resources Foundation Of Wisconsin Inc Madison, WI | $20,136,945 | $3,445,267 |
Rooted Wi Inc Madison, WI | $3,633,286 | $971,353 |
Deb & Jeff Hansen Foundation West Des Moines, IA | $7,393,305 | $2,047,371 |
Wiscorps Inc La Crosse, WI | $207,552 | $1,429,259 |