Lakes Area Nonprofit Support Foundation
- Assets
- $4.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Detroit Lakes, MN
- Founding
- 05/2011
- Data as of
- 12/2022
- EIN
- 27-4640857
Organization Overview
Lakes Area Nonprofit Support Foundation is located in Detroit Lakes, MN. The organization was established in 2011. According to its NTEE Classification (T30) the organization is classified as: Public 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. Lakes Area Nonprofit Support 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 12/2022, Lakes Area Nonprofit Support Foundation generated $4.0 in total revenue. All expenses for the organization totaled $485.0 during the year ending 12/2022.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO ASSIST NONPROFIT ORGANIZATIONS ACHIEVE THEIR MISSION BYHELPING THEM SECURE AND MANAGE FINANCING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Swenson Director | 0.5 | $0 | |
Stuart Omberg President | 0.5 | $0 | |
Becky Mitchell Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $4 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $4 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $465 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $20 |
| Total expenses | $485 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $4,375 |
| Other assets | $0 |
| Total assets | $4,375 |
| Total liabilities | $0 |
| Net assets or fund balances | $4,375 |
Grants Awarded
Over the last fiscal year, Lakes Area Nonprofit Support Foundation has awarded $235,403 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Detroit Lakes, MN PURPOSE: TO SUPPORT THE RECIPIENTS MISSION | $113,616 |
Detroit Lakes, MN PURPOSE: TO SUPPORT THE RECIPIENTS MISSION | $92,208 |
Detroit Lakes, MN PURPOSE: TO SUPPORT THE RECIPIENTS MISSION | $29,579 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
David Lynch Foundation For Consciousness-Based Education And Fairfield, IA | $9,280,358 | $8,736,448 |
Steve Stricker American Family Insurance Foundation Inc Madison, WI | $5,745,517 | $4,719,862 |
Hope Gospel Mission Inc Eau Claire, WI | $10,860,307 | $6,194,588 |
Community Foundation Of Johnson Coralville, IA | $45,550,796 | $9,673,780 |
The American Center For Philanthropy Inc Northfield, MN | $38,336,369 | $9,301,432 |
Lyon County Riverboat Foundation Inc Rock Rapids, IA | $2,226,608 | $3,365,358 |
Morgan Memorial Foundation Inc Morgan, MN | $3,017,509 | $3,804,451 |
Believers Stewardship Services Inc Dubuque, IA | $18,487,302 | $3,760,622 |
Nexus Community Partners Saint Paul, MN | $15,080,839 | $10,294,112 |
Caseys Charities Ankeny, IA | $167,680 | $3,051,265 |
Frances L Nelson Foundation Ltd Madison, WI | $5,074 | -$19,273 |
Laboure Society Eagan, MN | $5,263,561 | $3,075,426 |