Lakes Area Hockey Association
- Assets
- $1.8m
- Revenue
- $295.2k
- Investments
- $12.4k
- Employees
- 5
- Location
- Spirit Lake, IA
- Founding
- 02/2001
- Data as of
- 12/2021
- EIN
- 42-1512329
Organization Overview
Lakes Area Hockey Association is located in Spirit Lake, IA. The organization was established in 2001. According to its NTEE Classification (N68) the organization is classified as: Winter Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Lakes Area Hockey Association employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakes Area Hockey Association 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, Lakes Area Hockey Association generated $295.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $302.6k during the year ending 12/2021. While expenses have increased by 9.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE LAKES AREA HOCKEY ASSOCIATION IS TO CREATE, NURTURE, AND SUSTAIN ICE-RELATED SPORTS AND RECREATION PROGRAMS THAT TEACH AND IMPROVE SKILLS; FOSTER SPORTSMANSHIP, TEAMWORK, AND ENJOYMENT; AND IMPROVE FITNESS. THESE PROGRAMS ARE FINANCIALLY ACCESSIBLE AND MEET THE NEEDS AND INTERESTS OF PARTICIPANTS OF ALL AGES AND SKILL LEVELS THROUGHT THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ICE RELATED SPORTS AND RECREATION PROGRAMS THAT TEACH & IMPROVE SKILLS, FOSTER SPORTSMANSHIP, TEAMWORK, ENJOYMENT, AND IMPROVE FITNESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Meyers Treasurer | OfficerTrustee | 1 | $0 |
Jessica Johnson President | OfficerTrustee | 1 | $0 |
Chris Ingram Secretary | OfficerTrustee | 1 | $0 |
Darin Radcliffe Director | Trustee | 1 | $0 |
Curt Petersen Director | Trustee | 1 | $0 |
Mark Benge Director | Trustee | 1 | $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 | $98,762 |
| Noncash contributions included in lines 1a–1f | $229 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $98,762 |
| Total Program Service Revenue | $153,173 |
| Investment income | $447 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $42,815 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $295,197 |
| 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 | $21,721 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,662 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,189 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $306 |
| Office expenses | $0 |
| Information technology | $2,075 |
| Royalties | $0 |
| Occupancy | $80,405 |
| Travel | $2,149 |
| 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 | $82,056 |
| Insurance | $13,489 |
| All other expenses | $20,311 |
| Total functional expenses | $302,612 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $298,100 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,590 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,470,584 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $12,370 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,798,644 |
| Accounts payable and accrued expenses | $3,009 |
| 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 | $6,179 |
| Total liabilities | $9,188 |
| Net assets without donor restrictions | $1,789,456 |
| 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 | $1,798,644 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lakes Area Hockey Association has recieved totaling $13.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $13 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amateur Hockey Assoc Illinois Inc Elk Grove Village, IL | $1,304,353 | $3,600,631 |
Chesterfield Hockey Association Chesterfield, MO | $17,706,117 | $4,533,381 |
Sabre Hockey Association Naperville, IL | $660,750 | $2,725,908 |
Chicago Mission Aaa Hockey Club Chicago, IL | $91,949 | $3,146,762 |
Team Illinois Hockey Club Barrington, IL | $1,289,943 | $2,565,201 |
Chicago Young Americans Amateur Hockey Association Frankfort, IL | $180,153 | $2,181,260 |
The Loppet Foundation Inc Minneapolis, MN | $4,982,965 | $3,219,111 |
American Birkebeiner Ski Foundation Inc Hayward, WI | $7,179,042 | $2,764,424 |
Hawks Hockey Club Nfp Darien, IL | $1,224,811 | $2,991,552 |
Falcons Hockey Association Highland Park, IL | $144,665 | $2,611,835 |
United Heroes League Hastings, MN | $3,084,310 | $3,081,953 |
Eagan Hockey Association Incorporated Eagan, MN | $236,242 | $1,165,383 |