Lifetime One Track Mind
- Assets
- $3.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Excelsior, MN
- Founding
- 06/2018
- Data as of
- 12/2021
- EIN
- 82-3189362
Organization Overview
Lifetime One Track Mind is located in Excelsior, MN. The organization was established in 2018. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lifetime One Track Mind 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, Lifetime One Track Mind generated $1.1m in total revenue. All expenses for the organization totaled $406.9k during the year ending 12/2021. While expenses have increased by 2.4% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOP SINGLE TRACK MOUNTAIN BIKE TRAILS FOR GENERAL USE ON PUBLIC LAND. TRAIL DEVELOPED ARE IN THE FOLLOWING: MCCALL TRAIL (MCCALL, ID), CASPER CROSSING SOUTH TRAIL (MENDOCINO, CA), SLIP N SLIDE TRAIL (LEADVILLE, CO), PAYETTE LAKE TRAIL (MCCALL, ID), CARVER PARK (VICTORIA, MN)AND THREE RIVERS PARK (WACONIA, MN).
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,060,091 |
| Interest on Savings | $135 |
| Dividends & Interest | $14,085 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,074,311 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $150,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $11,029 |
| Interest | $0 |
| Taxes | $704 |
| Depreciation | $794 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $241,570 |
| Total operating and administrative expenses | $406,855 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $406,855 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,206 |
| Savings and temporary cash investments | $3,149,989 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $4,632 |
| Other assets | $0 |
| Total assets | $3,241,827 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
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