philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Portage Lake Multi-Educational FY2021 filing

Houghton, MIUnknown exempt organization EIN 23-7310853Revenue $155K in FY2021

On file with the IRShoughtoncountyarena.com17320 Penrose Bluff · Houghton, MI

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

To operate and maintain a public recreation facility.

99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 4
filings with a surplus
Average deficit $162K a year · 74% of revenue · last 4 filings
Concern: a surplus in 0 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4K
0.6% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$155K
-28% vs prior year
Spent
$189K
To programs
99%
Net assets
$607K
By yearFY2020–FY2023
Revenue
$155K
FY2021▼ -28%
Tap a bar for its year
Revenue by fiscal year
FY2020$214K
FY2021$155K
FY2022$230K
FY2023$278K
Expenses
$189K
FY2021▼ -14%
Tap a bar for its year
Expenses by fiscal year
FY2020$220K
FY2021$189K
FY2022$246K
FY2023$870K
Net assets
$607K
FY2021▼ -5%
Tap a bar for its year
Net assets by fiscal year
FY2020$641K
FY2021$607K
FY2022$591K
FY2023$0

From the FY2021 Form 990 (year ending June 2021) · see the original

Give Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $187K Management & general 1% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
William Lepisto
Vice Preside
$0Pt VII · Sec A
Ryan Markham
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
David Wiitanen
Board Member
$0Pt VII · Sec A
Al Wakeham
Board Member
$0Pt VII · Sec A
David Jukuri
Board Member
$0Pt VII · Sec A
Robert Perrault
Board Member
$0Pt VII · Sec A
See Portage Lake Multi-Educational executive salaries →

On this list? Claim this org

Something off? Claim to add context

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Operates and maintains a public recreation facility for community use.

Questions for Portage Lake Multi-Educational

Tap to ask. Portage Lake Multi-Educational sees how many people are interested.

Your first name shows with your question. Portage Lake Multi-Educational answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $187K · in their own filed words · FY2020
01

Operate & maintain an ice arena that serves an estimated 3,000 plus hockey players, figure skaters & recreational skaters in the winter and is used for the county fair, weddings, reunions & other recreational, educational and social purposes in the off-season.

$187Kprogram expense

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$155K
Ln 12
Fees for servicesLn 2g$154K
Gifts and grantsLn 1h$250
Money outPt IX
$189K
Ln 25
Programscol B$187K
Managementcol C$2K
Owns and owesPt X
$607K
net assets · Ln 32
Cash and savingsLn 1–2$67K
Total assetsLn 16$611K
LiabilitiesLn 26$4K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$250
Fees for servicesLn 2g$154K
Total revenueLn 12$155K
Assets in detailPt X, end of year
CashLn 1$67K
Cash and savings togetherLn 1–2$67K
Land, buildings, equipmentLn 10c$505K
Total assetsLn 16$611K
LiabilitiesLn 26$4K
Net assetsLn 32$607K
OperationsPt I, VI
EmployeesI 57
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$142K$67K
Land, buildings, equipmentLn 10c$528K$505K
Total assetsLn 16$733K$611K
LiabilitiesLn 26$92K$4K
Net assetsLn 32$641K$607K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$49K$49K
Payroll taxesLn 10$7K$7K
Accounting feesLn 11c$2K$2K
Office expensesLn 13$1K$1K
OccupancyLn 16$73K$73K
InterestLn 20$4K$4K
Depreciation, depletion and amortizationLn 22$33K$33K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$13K$13K
All other expensesLn 24e$4$4
Total functional expensesLn 25$189K$187K$2K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $278K$870K−$591K$0 990 PDF
FY2022 $230K$246K−$16K$591K 990 PDF
FY2021 Viewing $155K$189K−$34K$607K 990 PDF
FY2020 $214K$220K−$5K$641K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $154,742 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $60$250
I-9 Program service revenuePrior year $214,173$154,492
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $214,233$154,742
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $58,449$56,074
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $161,080$132,704
I-18 Total expensesPrior year $219,529$188,778
I-19 Revenue less expensesPrior year −$5,296−$34,036
Part VI · Governance 13 of 13 board members independent, 4 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $154,742 across 4 lines filed
VIII-1f All other contributions, gifts and grants$250
VIII-1h Total contributions, gifts and grants$250
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $154,492$154,492
VIII-12 Total revenueRelated to mission $154,492$154,742
Part IX · Statement of functional expenses $188,778 across 10 lines filed
IX-7 Other salaries and wagesPrograms $49,467$49,467
IX-10 Payroll taxesPrograms $6,607$6,607
IX-11c Accounting feesManagement $1,714$1,714
IX-13 Office expensesPrograms $1,292$1,292
IX-16 OccupancyPrograms $72,863$72,863
IX-20 InterestPrograms $3,637$3,637
IX-22 Depreciation, depletion and amortizationPrograms $32,613$32,613
IX-23 InsurancePrograms $7,616$7,616
IX-24 Other expenses (24a–d)Programs $12,965$12,965
IX-24e All other expensesPrograms $4$4
IX-25 Total functional expensesPrograms $187,064 · Management $1,714 · Fundraising $0$188,778
Part X · Balance sheet $610,910 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $142,267$67,319
X-3 Pledges and grants receivableStart of year $59,300$23,750
X-4 Accounts receivableStart of year $3,510$15,122
X-10c Land, buildings and equipment, netStart of year $527,645$504,719
X-16 Total assetsStart of year $732,722$610,910
X-17 Accounts payable and accrued expensesStart of year $3,921$3,133
X-19 Deferred revenue$600
X-26 Total liabilitiesStart of year $91,509$3,733
X-27 Net assets without donor restrictionsStart of year $641,213$607,177
X-32 Total net assets or fund balancesStart of year $641,213$607,177
X-33 Total liabilities and net assetsStart of year $732,722$610,910
Part XI · Reconciliation of net assets $607,177 net assets at year end
XI-1 Total revenue$154,742
XI-2 Total expenses$188,778
XI-3 Revenue less expenses−$34,036
XI-4 Net assets at start of year$641,213
XI-10 Net assets at end of year$607,177

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.