Lost Lake Run Inc
- Assets
- $17.6k
- Revenue
- $101.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Anchorage, AK
- Founding
- 06/2007
- Data as of
- 12/2021
- EIN
- 20-5812503
Organization Overview
Lost Lake Run Inc is located in Anchorage, AK. The organization was established in 2007. According to its NTEE Classification (G11) the organization is classified as: Single Organization Support, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lost Lake Run 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, Lost Lake Run Inc generated $101.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $126.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 7 years. 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
RAISE AWARENESS OF LOST LAKE NON-PROFIT IN FUND-RAISING EFFORTS FOR CYSTIC FIBROSIS FOUNDATION SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL SUPPORT TO THE CYSTIC FIBROSIS FOUNDATION.
PROVIDE FINANCIAL SUPPORT TO THE ANCHORAGE NORDIC SKI PATROL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick K Simpson President | OfficerTrustee | 17 | $38,500 |
Sabrina Walker Secretary | OfficerTrustee | 1 | $0 |
Pamela Ellis Treasurer | OfficerTrustee | 1 | $0 |
Flip Foldager Director | Trustee | 1 | $0 |
Gary Green Director | Trustee | 1 | $0 |
Mike Hanscam Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,083 |
| 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 | $15,083 |
| Total Program Service Revenue | $0 |
| Investment income | $232 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $86,172 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $101,487 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $75,750 |
| 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. | $38,500 |
| Compensation of current officers, directors, key employees. | $38,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,952 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $0 |
| 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 | $0 |
| All other expenses | $1,059 |
| Total functional expenses | $126,941 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,568 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,568 |
| 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 | $14,740 |
| Total liabilities | $14,740 |
| Net assets without donor restrictions | $2,828 |
| 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 | $17,568 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Lost Lake Run Inc has recieved totaling $67,529.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $54,509 |
Alaska Community Foundation Anchorage, AK | | $12,650 |
Rasmuson Foundation Anchorage, AK PURPOSE: FIGARELLE'S FITNESS TEAM | $200 |
Rasmuson Foundation Anchorage, AK PURPOSE: GENERAL SUPPORT | $170 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Community Healthservices Foundation Seattle, WA | $293,084 | $1,086,243 |
Seattle Vaccine Research Fund Seattle, WA | $2,537,724 | $5,507 |
Lost Lake Run Inc Anchorage, AK | $17,568 | $101,487 |
Center For Chronic Illness Seattle, WA | $48,643 | $0 |
Diabetes Centre Bothell, WA | $201 | $0 |
Daniel E Stuntz Memorial Foundation Seattle, WA | $315,913 | $0 |
Friends Of The British Columbia Cancer Foundation Us Seattle, WA | $61,534 | $0 |