Bells Of The Lakes Inc
- Assets
- $17.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 04/1997
- Data as of
- 06/2023
- EIN
- 41-1845274
Organization Overview
Bells Of The Lakes Inc is located in Minneapolis, MN. The organization was established in 1997. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bells Of The Lakes 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 06/2023, Bells Of The Lakes Inc generated $17.2k 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 (6.1%) each year. All expenses for the organization totaled $16.6k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Mathis Musical Director | 4 | $4,000 | |
Janet Grover-Manthey Event Manager | 4 | $3,000 | |
Laurie Pyle President | 4 | $0 | |
Laura Wahl Vice President | 2 | $0 | |
Kara Holt Treasurer | 1 | $0 | |
Akudo Omeoga Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,022 |
| Total Program Service Revenue | $13,001 |
| Membership dues | $1,729 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $17,154 |
| 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 | $7,000 |
| Occupancy, rent, utilities, and maintenance | $1,008 |
| Printing, publications, postage, and shipping | $503 |
| Other expenses | $8,057 |
| Total expenses | $16,568 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $17,333 |
| Other assets | $0 |
| Total assets | $17,333 |
| Total liabilities | $0 |
| Net assets or fund balances | $17,333 |