Humane Society Of The Lakes
- Assets
- $702.3k
- Revenue
- $273.9k
- Investments
- $0.0
- Employees
- 18
- Location
- Detroit Lakes, MN
- Founding
- 04/1992
- Data as of
- 12/2022
- EIN
- 41-1651603
Organization Overview
Humane Society Of The Lakes is located in Detroit Lakes, MN. The organization was established in 1992. According to its NTEE Classification (D20) the organization is classified as: Animal Protection & Welfare, under the broad grouping of Animal-Related and related organizations. As of 12/2023, Humane Society Of The Lakes employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Humane Society Of The Lakes 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, Humane Society Of The Lakes generated $273.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $315.7k during the year ending 12/2022. While expenses have increased by 3.7% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SERVICES FOR ABANDONED, STRAY OR UNWANTED ANIMALS WHILE THEY AWAIT LIFE LONG HOMES. OUR VISION IS THAT ALL ANIMALS ARE CARED FOR WITH DIGNITY AND RESPECT.
Describe the Organization's Program Activity:
THE HUMANE SOCIETY OF THE LAKES IS A NONPROFIT, VOLUNTEER BASED ORGANIZATION THAT FINDS SUITABLE HOMES FOR STRAY, ABANDONED, AND UNWANTED ANIMALS IN BECKER COUNTY AND SURROUNDING AREAS IN MINNESOTA. MEDICAL SERVICES, VACCINATIONS, FOOD AND SHELTER ARE PROVIDED FOR THESE ANIMALS WHILE THEY AWAIT ADOPTION.
GAMBLING ACTIVITIES: THE FORMS OF GAMBLING CONDUCTED BY THE ORGANIZATION INCLUDED RAFFLES, TIPBOARDS, PAPER PULL-TABS, LINKED BINGO, ELECTRONIC PULL-TABS, AND SPORTS-THEMED TIPBOARDS. REVENUES IN EXCESS OF ALLOWABLE EXPENSES GENERATED BY THE LAWFUL GAMBLING FUND CAN ONLY BE USED FOR LAWFUL PURPOSES AND BOARD APPROVED EXPENDITURES AS DEFINED BY MINNESOTA STATUTES. GROSS RECEIPTS FOR THE YEAR ENDED DECMEBER 31, 2022, WERE 5,972,170. TOTAL GAMING EXPENSES FOR THE YEAR ENDED DECMEBER 31, 2022, WERE 5,881,453.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancylee Loftsgard President | OfficerTrustee | 20 | $0 |
Candace Rastedt Vice Preside | OfficerTrustee | 20 | $0 |
Lori Thompson Vice Preside | OfficerTrustee | 20 | $0 |
Betsy Nebgen Secretary | OfficerTrustee | 20 | $0 |
Matt Nelson Treasurer | OfficerTrustee | 20 | $0 |
Chrisandra Sorum Gambling Man | OfficerTrustee | 41 | $51,008 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $32,677 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $94,277 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $126,954 |
| Total Program Service Revenue | $29,614 |
| Investment income | $2,162 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $23,672 |
| Net Income from Gaming Activities | $90,717 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $273,858 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $171,592 |
| 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 | $4,395 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $821 |
| Office expenses | $24,242 |
| Information technology | $268 |
| Royalties | $0 |
| Occupancy | $35,821 |
| Travel | $194 |
| 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 | $2,369 |
| All other expenses | $1,873 |
| Total functional expenses | $315,711 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $199,806 |
| Savings and temporary cash investments | $201,614 |
| 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 | $200 |
| Net Land, buildings, and equipment | $300,646 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $702,266 |
| Accounts payable and accrued expenses | $8,536 |
| 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 | $8,536 |
| Net assets without donor restrictions | $693,730 |
| 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 | $702,266 |