Lake Area Industries Inc
- Assets
- $1.4m
- Revenue
- $934.9k
- Investments
- $0.0
- Employees
- 77
- Location
- Camdenton, MO
- Founding
- 08/1983
- Data as of
- 12/2022
- EIN
- 43-1294096
Organization Overview
Lake Area Industries Inc is located in Camdenton, MO. The organization was established in 1983. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 12/2022, Lake Area Industries Inc employed 77 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Area Industries 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 12/2022, Lake Area Industries Inc generated $934.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $842.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ESTABLISH AN EXTENDED EMPLOYMENT SHELTERED WORKSHOP PROGRAM TO PROVIDE PRODUCTIVE EMPLOYMENT OPPORTUNITIES TO THOSE WITH MENTAL AND PHYSICAL HARDSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAKE AREA INDUSTRIES, INC. ALLOWS THOSE WITH PHYSICAL OR MENTAL HARDSHIPS THE OPPORTUNITY TO WORK IN A COMMUNITY SETTING AND MAKE THEIR OWN MONEY. LAKE AREA INDUSTRIES HAS DIFFERENT WORK AREAS AND PROVIDES MANY SERVICES TO LOCAL BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Natalie Couch Executive Dir. | Officer | 47 | $70,573 |
Craig Bischof Treasurer | OfficerTrustee | 1 | $0 |
Linda Platter Secretary | OfficerTrustee | 1 | $0 |
James S Rogers President | OfficerTrustee | 1 | $0 |
Joetta House Vice President | OfficerTrustee | 1 | $0 |
Debrah Phillips Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $486,065 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,225 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $515,290 |
| Total Program Service Revenue | $414,880 |
| Investment income | $4,441 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $934,914 |
| 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. | $70,573 |
| Compensation of current officers, directors, key employees. | $70,573 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $443,227 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $73,329 |
| Payroll taxes | $39,016 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,669 |
| Advertising and promotion | $1,366 |
| Office expenses | $6,064 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,378 |
| 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 | $32,474 |
| Insurance | $26,773 |
| All other expenses | $5,940 |
| Total functional expenses | $842,033 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,053,802 |
| Pledges and grants receivable | $1,657 |
| Accounts receivable, net | $59,527 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,086 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $284,922 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $764 |
| Total assets | $1,414,758 |
| Accounts payable and accrued expenses | $65,219 |
| 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 | $10,978 |
| Total liabilities | $76,197 |
| Net assets without donor restrictions | $1,338,561 |
| 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 | $1,414,758 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lake Area Industries Inc has recieved totaling $20.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $20 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alphapointe Kansas City, MO | $66,593,380 | $65,983,959 |
Friendship Community Care Inc Russellville, AR | $35,817,780 | $46,126,183 |
Pathfinder Inc Jacksonville, AR | $31,038,955 | $37,379,577 |
Newview Oklahoma Inc Oklahoma City, OK | $24,735,488 | $38,308,378 |
Center Industries Corporation Wichita, KS | $41,370,550 | $31,546,463 |
Trivium Life Services Council Bluffs, IA | $13,038,100 | $26,578,682 |
Boone Center Inc St Peters, MO | $14,889,109 | $18,998,876 |
Lambs Farm Inc Libertyville, IL | $23,504,581 | $13,032,908 |
Abilities Unlimited Of Jonesboro Incorporated Jonesboro, AR | $10,437,371 | $11,725,518 |
Wesco Industries Denison, IA | $5,356,344 | $10,021,325 |
People First Industries Of Bryan County Inc Durant, OK | $9,398,060 | $9,378,908 |
Skyline Center Inc Clinton, IA | $4,248,547 | $8,832,624 |