Devils Lake Parks And Recreation Foundation is located in Devils Lake, ND. The organization was established in 2018. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Devils Lake Parks And Recreation Foundation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Devils Lake Parks And Recreation Foundation 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, Devils Lake Parks And Recreation Foundation generated $128.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 23.0% each year . All expenses for the organization totaled $117.8k during the year ending 12/2021. While expenses have increased by 21.5% per year over the past 3 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DEVILS LAKE PARKS AND RECREATION FOUNDATION IS ORGANIZED TO SOLICIT DONATIONS FOR THE DEVILS LAKE PARKS & RECREATION DISTRICT NEW AND EXISTING FACTILITIES AND PROGRAMS.
Describe the Organization's Program Activity:
DEVILS LAKE PARKS AND RECREATION FOUNDATION OPERATES THE GOLF COURSE CLUB HOUSE FOR DEVILS LAKE PARK BOARD WITH 90% OF THE PROFITS FROM THE OPERATIONS BEING PAID TO THE DEVILS LAKE PARKS AND RECREATION DISTRICT
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mike Dunn President | OfficerTrustee | 1 | $0 |
Chad Palmer Vice Preside | OfficerTrustee | 1 | $0 |
Jeff Schwan Treasurer | OfficerTrustee | 1 | $0 |
Karen Swanson Secretary | OfficerTrustee | 1 | $0 |
Heather Brandvold Ex-Officio | Trustee | 1 | $0 |
Jamie Beck Director | Trustee | 1 | $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 | $9,700 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $9,700 |
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 | $118,307 |
Miscellaneous Revenue | $0 |
Total Revenue | $128,007 |
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 | $25,696 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $3,996 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $1,039 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $73,307 |
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 | $325 |
All other expenses | $863 |
Total functional expenses | $117,838 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $36,801 |
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 | $6,733 |
Prepaid expenses and deferred charges | $1,360 |
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 | $44,894 |
Accounts payable and accrued expenses | $11,326 |
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 | $7 |
Total liabilities | $11,333 |
Net assets without donor restrictions | $33,561 |
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 | $44,894 |
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