Lake Vermilion Cultural Center

Organization Overview

Lake Vermilion Cultural Center is located in Tower, MN. The organization was established in 2012. 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. Lake Vermilion Cultural Center 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, Lake Vermilion Cultural Center generated $87.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.9%) each year. All expenses for the organization totaled $52.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (17.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

MAINTAIN AND PRESERVE THE CULTURE OF THE LOCAL AREA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

RECONSTRUCTION OF THE ORIGINAL TOWER CHURCH WAS INITIATED.


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Board, Officers & Key Employees

Name (title)Compensation
Ryan Bajan
Treasuer
$0
Donald Erickson
President
$0
Linda Haugan
Secretary
$0
Elaine Mcgillivray
Vice President
$0
Mary Batinich
Chair Person
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$17,140
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$70,175
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$87,315
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 $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 $87,315

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Lake Vermilion Cultural Center has recieved totaling $1,000.

Awarding OrganizationAmount
Oconnor Family Foundation

Chaska, MN

PURPOSE: TO SUPPORT THE MISSION OF THE ORGANIZATION.

$1,000
View Grant Recipient Profile

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