Lake Region Snowmobile Club Inc
- Assets
- $909.5k
- Revenue
- $185.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Devils Lake, ND
- Founding
- Data as of
- 06/2024
- EIN
- 85-3918256
Organization Overview
Lake Region Snowmobile Club Inc is located in Devils Lake, ND. According to its NTEE Classification (N68) the organization is classified as: Winter Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Region Snowmobile Club Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
MAINTENANCE & IMPROVEMENTS TO PROVICE SAFE SNOWMOBILE TRAILS IN THE LAKE REGION
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTENANCE & IMPROVEMENTS TO PROVICE SAFE SNOWMOBILE TRAILS IN THE LAKE REGION
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catlan Lysne President | Officer | $0 | |
Quince Hambeck Vice President | Officer | $0 | |
Kevin Kvalevog Director | $0 | ||
Casey Wilhelmi Director | $0 | ||
Margaret Kvalevog Director | Trustee | $0 | |
Bob Reierson Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,960 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,998 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,958 |
| 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 | $170,069 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $185,027 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,151 |
| 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 | $0 |
| Fees for services: Accounting | $1,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $101 |
| Office expenses | $2,056 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,042 |
| 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 | $5,271 |
| Insurance | $2,983 |
| All other expenses | $760 |
| Total functional expenses | $114,414 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $710,696 |
| 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 | $198,769 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $909,465 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $909,465 |
| Total liabilities and net assets/fund balances | $909,465 |
Grants Awarded
Over the last fiscal year, Lake Region Snowmobile Club Inc has awarded $15,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
STARKWEATER SCHOOL DIST PURPOSE: PLATGROUND EQUIP | $10,000 |
CITY OF STARKWEATHER PURPOSE: SNOW BLOWER ATTACHMENT FOR CITY PLOW | $5,000 |