Lakes Media Collaborative INC EIN 30-0379747

Lakes Media Collaborative INC

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Empowers communities to create local TV shows and learn media skills. For fiscal year 2024 it reported $999 in revenue, $523K in expenses.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Brainerd, MN
Filings
5 on file (2020–2024)
Revenue
$999FY2024
Expenses
$523K
Net assets
$0
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  30-0379747 Public charity (501(c)(3)) Brainerd, MN
Form 990 (PDF)
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Size
<$100K
What they do
Empowers communities to create local TV shows and learn media skills.
Leadership
Dave Henschke · Executive Di · $51K
Money in and out
$999 revenue, $523K expenses
Bottom line
79% program efficiency
Where the money goes · FY2024
Total revenue
$999
Pt VIII · Ln 12
Total expenses
$523K
Pt IX · Ln 25
Net assets
$0
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$522K
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.21
Program efficiency
79%
of spending reaches programs▲ +48% vs prior filing year
Surplus margin
-52270%
revenue over expenses, this year▼ -656% vs prior filing year
Donor-funded
0%
of revenue is gifts & grants

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$999
FY2024▼ -30%
Expenses
$523K
FY2024▲ +426%
Total assets
$0
FY2024▼ -100%
Total liabilities
$0
FY2024
Total revenue
$999
Pt VIII · Ln 12
Total expenses
$523K
Pt IX · Ln 25
Net assets
$0
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$522K
Total assetsPt X · Ln 16$0
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $415K of program spending, described in the organization's own filed words · FY2024.
01

Teach individuals how broadcast media is created and transmitted and how local access television operates.

$415Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLakes Media Collaborative INC
EINHdr · item D30-0379747
Principal addressHdr · item CBrainerd, MN
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A32)
Ruling yearIRS BMFJan 2010

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Di
$51,000Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Dave Henschke’s $51K as Executive Di is at the 96th percentile of top reported officer pay among 250 <$100K arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022
Dave Henschke$51,000$66,000$41,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Investment income100%$999
Total revenueLn 12$999

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.21
Program services79%$415K
Management & general21%$108K
Total functional expensesLn 25$523K

Balance Sheet

Part X · end of year
CashLn 1
Total assetsLn 16$0
Total liabilitiesLn 26$0
Total net assetsLn 32$0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves — · Operating expenses/yr $523K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $415K · Total expenses $523K
79%
Management & General
Management & general $108K · Total expenses $523K
21%
Fundraising
Fundraising $0 · Total expenses $523K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $999
0%
Government reliance
Government grants — · Total revenue $999
Earned-income share
Program service revenue $0 · Total revenue $999
0%
Investment reliance
Investment income $999 · Total revenue $999
+100%
Program self-sufficiency
Program service revenue $0 · Total expenses $523K
0%
Growth & trend
Revenue growth (YoY)
This year $999 · Prior year $1K
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $0 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $999 · Expenses $523K
-52270%
Liabilities-to-Assets
Total liabilities — · Total assets $0
Net-asset ratio
Net assets $0 · Total assets $0
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $0
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Dave Henschke · Reported title EXECUTIVE DI · Highest reported compensation $51K · Total expenses $523K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $55K · Total expenses $523K
10%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 79%
Overhead ratio 21%
Revenue growth -30%
Legal fee ratio 3%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 13 grants · $413K · 2024–2024
Brainerd Baxter Youth CenterMN · FY2024$60,000
Lakes Area United WayMN · FY2024$30,000
Lakeland PBSMN · FY2024$30,000
Brainerd Rotary FoundationMN · FY2024$15,000
Bridges of HopeMN · FY2024$15,000
Youth for Christ USA INCMN · FY2024$15,000
Paul Bunyan ArboretumMN · FY2024$15,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$999 revenue · viewing · ⤓ 990 PDF
FY2023$1K revenue · ⤓ 990 PDF
FY2022$522 revenue · ⤓ 990 PDF
FY2021$69 revenue · ⤓ 990 PDF
FY2020$71 revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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