Spirit Of The Lakes Festival Inc
- Assets
- $67.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mound, MN
- Founding
- 10/2009
- Data as of
- 12/2021
- EIN
- 83-0495754
Organization Overview
Spirit Of The Lakes Festival Inc is located in Mound, MN. The organization was established in 2009. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spirit Of The Lakes Festival Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Spirit Of The Lakes Festival Inc generated $104.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $87.3k during the year ending 12/2021. While expenses have increased by 3.5% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Wagner Board Member | 0 | $0 | |
Ryan Carter Board Member | 0 | $0 | |
Emily Peterson Board Member | 0 | $0 | |
Jessica Hill Board Member | 0 | $0 | |
Andy Weigman Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,350 |
| Total Program Service Revenue | $56,163 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $104,513 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $5,000 |
| Occupancy, rent, utilities, and maintenance | $7,984 |
| Printing, publications, postage, and shipping | $195 |
| Other expenses | $74,121 |
| Total expenses | $87,300 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $65,632 |
| Other assets | $0 |
| Total assets | $67,149 |
| Total liabilities | $4,000 |
| Net assets or fund balances | $63,149 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fair And Exposition Society Of Jones County Inc Monticello, IA | $5,659,527 | $5,307,608 |
Minnesota Fair Plan Bloomington, MN | $3,079,043 | $3,023,700 |
Sioux Empire Fair Association Sioux Falls, SD | $1,938,315 | $2,671,698 |
Minnesota Propane Association Zimmerman, MN | $1,583,838 | $1,664,231 |
Sheboygan County Fair Association Plymouth, WI | $2,297,030 | $1,962,294 |
Kenosha County Fair Association Inc Wilmot, WI | $2,247,686 | $1,814,776 |
German Fest Milwaukee Inc Menomonee Falls, WI | $1,157,824 | $1,461,133 |
Walworth County Agricultural Society Elkhorn, WI | $2,948,383 | $904,049 |
Shawano Area Agricultural Society Inc Shawano, WI | $1,017,818 | $1,408,309 |
Delaware County Fair Society Inc Manchester, IA | $1,772,483 | $1,454,892 |
Waukesha County Fair Association Pewaukee, WI | $206,994 | $1,201,405 |
Wisconsin Petroleum Marketers & Convenience Store Assoc Inc Madison, WI | $990,157 | $1,279,853 |