Lake Side Elite
- Assets
- $187.8k
- Revenue
- $265.7k
- Investments
- $0.0
- Employees
- 19
- Location
- East Jordan, MI
- Founding
- Data as of
- 12/2023
- EIN
- 85-3559813
Organization Overview
Lake Side Elite is located in East Jordan, MI. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Lake Side Elite employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Side Elite 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 12/2023, Lake Side Elite generated $265.7k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $210.3k during the year ending 12/2023. While expenses have increased by 8.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES GYMNASTICS TRAINING TO YOUTH IN THE BOYNE CITY, MI AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HAS REACHED OVER 200 STUDENTS PROVIDING GYMNASTICS TRAINING TO THESE INDIVIDUALS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Lamb President | OfficerTrustee | 0 | $0 |
Becky Ecker Secretary | OfficerTrustee | 0 | $0 |
Gloria Campbell Treasurer | OfficerTrustee | 0 | $0 |
Jason Barkley Director | OfficerTrustee | 0 | $0 |
Kristan Noblett Director | Trustee | 40 | $0 |
David Malicke Director | OfficerTrustee | 0 | $0 |
Financial Statements
| 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 | $13,233 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,233 |
| Total Program Service Revenue | $185,802 |
| Investment income | $171 |
| 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 | $66,445 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $265,651 |
| 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. | $55,105 |
| Compensation of current officers, directors, key employees. | $5,510 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,247 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,947 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,548 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $333 |
| Office expenses | $1,005 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,787 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,099 |
| Interest | $123 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,832 |
| Insurance | $2,626 |
| All other expenses | $2,412 |
| Total functional expenses | $210,340 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,334 |
| Savings and temporary cash investments | $53,747 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $71 |
| 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 | $33,654 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4 |
| Total assets | $187,810 |
| Accounts payable and accrued expenses | $2,729 |
| 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 | $2,729 |
| Net assets without donor restrictions | $185,081 |
| 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 | $187,810 |