Lakes Area Builders Assoc
- Assets
- $138.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Detroit Lakes, MN
- Founding
- 05/1988
- Data as of
- 12/2022
- EIN
- 41-1485580
Organization Overview
Lakes Area Builders Assoc is located in Detroit Lakes, MN. The organization was established in 1988. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakes Area Builders Assoc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Lakes Area Builders Assoc generated $106.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $90.1k during the year ending 12/2022. While expenses have increased by 4.5% per year over the past 8 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Al Clark Secretary/tr | 0 | $0 | |
Carmen Mccullough Bookkeeper | 0 | $27,900 | |
Nick Green Vice Preside | 0 | $0 | |
Bryan Schoenberger President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $316 |
| Total Program Service Revenue | $0 |
| Membership dues | $28,464 |
| Investment income | $306 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $7,241 |
| Other Revenue | $70,031 |
| Total Revenue | $106,358 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $30,812 |
| Professional fees and other payments to independent contractors | $401 |
| Occupancy, rent, utilities, and maintenance | $3,720 |
| Printing, publications, postage, and shipping | $3,333 |
| Other expenses | $45,546 |
| Total expenses | $90,084 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $138,153 |
| Other assets | $0 |
| Total assets | $138,153 |
| Total liabilities | $3,915 |
| Net assets or fund balances | $134,238 |