Mille Lacs Trails Inc
- Assets
- $865.2k
- Revenue
- $621.4k
- Investments
- $0.0
- Employees
- 17
- Location
- Aitkin, MN
- Founding
- 04/1999
- Data as of
- 12/2021
- EIN
- 41-1864766
Organization Overview
Mille Lacs Trails Inc is located in Aitkin, MN. The organization was established in 1999. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Mille Lacs Trails Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mille Lacs Trails 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, Mille Lacs Trails Inc generated $621.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.8% each year . All expenses for the organization totaled $307.3k during the year ending 12/2021. While expenses have increased by 17.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PUBLIC SNOWMOBILE AND ATV TRAIL DEVELOPMENT/IMPROVEMENT/MAINTENANCE
Describe the Organization's Program Activity:
MAINTENANCE AND CONSTRUCTION OF PUBLIC SNOWMOBILE TRAILS, ATV TRAILS, MEMBER ACTIVITIES AND FUNDRAISING ACTIVITIES RELATED TO SUCH MAINTENANCE AND CONSTRUCTION
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 |
|---|---|---|---|
Christy Holloway Gambling Manager | Officer | 15 | $58,681 |
John Coombs CEO | OfficerTrustee | 2 | $16,648 |
Paula Pap Treasurer/secretary | OfficerTrustee | 2 | $9,775 |
Dean Fisher Trail Master | Trustee | 2 | $8,408 |
Darrell Kelly Vice President | OfficerTrustee | 2 | $3,900 |
Al Pearson Shop Supervisor | Trustee | 2 | $3,900 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,825 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $56,893 |
| 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 | $60,718 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $104,409 |
| Net Income from Fundraising Events | -$5,867 |
| Net Income from Gaming Activities | $462,098 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $621,358 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,199 |
| Grants and other assistance to domestic individuals. | $6,969 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $104,912 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $89,608 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,543 |
| 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 | $2,067 |
| Office expenses | $2,375 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,125 |
| 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 | $33,901 |
| Insurance | $6,426 |
| All other expenses | $2,408 |
| Total functional expenses | $307,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $299,079 |
| 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 | $10,154 |
| Net Land, buildings, and equipment | $555,963 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $865,196 |
| Accounts payable and accrued expenses | $602 |
| 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 | $79,564 |
| Other liabilities | $0 |
| Total liabilities | $80,166 |
| Net assets without donor restrictions | $0 |
| 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 | $785,030 |
| Total liabilities and net assets/fund balances | $865,196 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cedar Street Charitable Foundation Inc Milwaukee, WI | $72,743,564 | $36,616,391 |
Missouri River Historical Develop- Ment Inc Sioux City, IA | $5,283,123 | $4,260,184 |
Michael E Portzen And Sara A Portzen Family Foundation Peosta, IA | $2,370,924 | $1,197,691 |
Owatonna Area Chamber Foundation Owatonna, MN | $195,093 | $449,503 |
Community Betterment Organization Pella, IA | $2,432,406 | $1,698,245 |
Mille Lacs Trails Inc Aitkin, MN | $865,196 | $621,358 |
Ndn Fund Rapid City, SD | $6,707,836 | $217,223 |
Central Iowa Housing Trust Fund Des Moines, IA | $344,976 | $398,757 |
Cooperstown Municipal Association Cooperstown, ND | $1,277,517 | $652,098 |
Itasca-Mantrap Co-Op Electricalassn Trust Park Rapids, MN | $37,042 | $0 |
Levy Giving Fund Inc Wauankee, WI | $217,321 | $0 |
Rhinelander Community Foundation Inc Rhinelander, WI | $985,574 | $418,702 |