Lake Crystal Area Recreation Center Association Inc
- Assets
- $717.8k
- Revenue
- $837.4k
- Investments
- $0.0
- Employees
- 64
- Location
- Lake Crystal, MN
- Founding
- 05/1999
- Data as of
- 12/2020
- EIN
- 41-1867907
Organization Overview
Lake Crystal Area Recreation Center Association Inc is located in Lake Crystal, MN. The organization was established in 1999. According to its NTEE Classification (N31) the organization is classified as: Community Recreational Centers, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Lake Crystal Area Recreation Center Association Inc employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Crystal Area Recreation Center Association 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 12/2020, Lake Crystal Area Recreation Center Association Inc generated $837.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $655.9k during the year ending 12/2020. While expenses have increased by 0.3% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE A RECREATION CENTER TO ENHANCE AND IMPROVE THE QUALITY OF LIFE FOR ITS MEMBERS AND AREA RESIDENTS.
Describe the Organization's Program Activity:
THE ORGANIZATION OPERATES A RECREATION CENTER TO ENHANCE AND IMPROVE THE QUALITY OF LIFE FOR ITS MEMBERS AND AREA RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Mccoy President | OfficerTrustee | 0 | $0 |
Meghan Peterson Director | OfficerTrustee | 0 | $0 |
Jennifer Wiens Treasurer | OfficerTrustee | 0 | $0 |
Lance Goettl Director | Trustee | 0 | $0 |
Thomas Cooper Director | Trustee | 0 | $0 |
Pat Gengler Vice President | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $448,019 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $448,019 |
| Total Program Service Revenue | $377,979 |
| Investment income | $5,624 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,783 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $837,405 |
| 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 | $383,140 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,791 |
| Payroll taxes | $29,604 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,985 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,345 |
| Office expenses | $15,107 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $94,186 |
| Travel | $899 |
| 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 | $17,767 |
| Insurance | $6,020 |
| All other expenses | $3,176 |
| Total functional expenses | $655,897 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $353,205 |
| Savings and temporary cash investments | $232,682 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $73,712 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $971 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $57,225 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $717,795 |
| Accounts payable and accrued expenses | $39,611 |
| Grants payable | $0 |
| Deferred revenue | $28,077 |
| 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 | $67,688 |
| Net assets without donor restrictions | $650,107 |
| 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 | $717,795 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Lake Crystal Area Recreation Center Association Inc has recieved totaling $57,635.
| Awarding Organization | Amount |
|---|---|
Otto Bremer Trust St Paul, MN PURPOSE: GENERAL OPERATIONS | $30,000 |
Greater Mankato Area United Way Inc Mankato, MN PURPOSE: To provide financial assistance for the entity to achieve its exempt purpose | $11,992 |
Thrivent Financial For Lutherans Minneapolis, MN PURPOSE: General Support | $10,045 |
Mankato Area Foundation Mankato, MN PURPOSE: Program assistance. | $5,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $98 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sioux Falls Sports Authority Sioux Falls, SD | $3,414,358 | $6,543,393 |
Boys And Girls Club Of Kenosha Inc Kenosha, WI | $3,512,810 | $5,648,462 |
Greater Altoona Community Service Campus Altoona, IA | $3,780,290 | $4,140,492 |
Kenosha Young Mens Christian Association Inc Kenosha, WI | $10,270,327 | $3,013,673 |
Duluth Heritage Sports Center Duluth, MN | $14,309,709 | $1,413,182 |
Algona Family Young Mens Christian Association Algona, IA | $4,936,950 | $1,554,463 |
Boys And Girls Club Of Cedar Rapids Cedar Rapids, IA | $1,886,473 | $1,761,264 |
Appleton Ice Inc Appleton, WI | $3,343,881 | $1,343,806 |
Horse Race North Dakota Fargo, ND | $901,030 | $1,670,619 |
Pembina Gorge Foundation Walhalla, ND | $2,338,499 | $899,090 |
Cedar River Recreation & Fine Arts Osage, IA | $11,312,330 | $892,127 |
Saint Thomas Academy Ice Arena Mendota Heights, MN | $2,205,328 | $758,191 |