Lakes Media Collaborative INC FY2021 filing

Brainerd, MN501(c)(3)Arts & CultureEIN 30-0379747Revenue $69 in FY2021

On file with the IRS416 S 6th St Ste 200, 56401-3580 · Brainerd, MNTax-exempt since Jan 2010Publicly supported charity — 170(b)(1)(A)(vi)

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Provide the public with access to resources to produce local access television programming to inform communities about area programs and events, & to provide educational opportunities to the community.

68¢ 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
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $148K a year · 24039% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
323 mo
of spending, in cash
Looks good: 322.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$69
-3% vs prior year
Spent
$25K
To programs
68%
Net assets
$688K
By yearFY2020–FY2024
Revenue
$69
FY2021▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2020$71
FY2021$69
FY2022$522
FY2023$1K
FY2024$999
Expenses
$25K
FY2021▼ -9%
Tap a bar for its year
Expenses by fiscal year
FY2020$28K
FY2021$25K
FY2022$68K
FY2023$100K
FY2024$523K
Net assets
$688K
FY2021▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2020$713K
FY2021$688K
FY2022$620K
FY2023$522K
FY2024$0

From the FY2021 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2010.

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

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $17K Management & general 32% · $8K

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

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Who runs it and what they're paid

6 people listed on the 990.

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

Dave Henschke’s $51K as Executive Di is at the 97th 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.

See Lakes Media Collaborative INC executive salaries →

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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

Empowers communities to create local TV shows and learn media skills.

Provided by the organization

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1 program · $17K · in their own filed words · FY2021
01

Providing resources to produce local access television programming and teach individuals how the local access television system operates.

$17Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

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

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$69
Ln 12
Investment incomeLn 3$69
Money outPt IX
$25K
Ln 25
Programscol B$17K
Managementcol C$8K
Owns and owesPt X
$688K
net assets · Ln 32
Cash and savingsLn 1–2$677K
Total assetsLn 16$688K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$69
Total revenueLn 12$69
Assets in detailPt X, end of year
SavingsLn 2$677K
Cash and savings togetherLn 1–2$677K
Land, buildings, equipmentLn 10c$10K
Total assetsLn 16$688K
LiabilitiesLn 26$0
Net assetsLn 32$688K
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
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$698K$677K
Land, buildings, equipmentLn 10c$14K$10K
Total assetsLn 16$713K$688K
LiabilitiesLn 26$0$0
Net assetsLn 32$713K$688K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$2K$2K
Office expensesLn 13$261$261
OccupancyLn 16$5K$5K
Conferences, conventions and meetingsLn 19$438$438
Depreciation, depletion and amortizationLn 22$4K$4K
Other expenses (24a–d)Ln 24$14K$13K$832
All other expensesLn 24e$58$58
Total functional expensesLn 25$25K$17K$8K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $999$523K−$522K$0 990 PDF
FY2023 $1K$100K−$98K$522K 990 PDF
FY2022 $522$68K−$67K$620K 990 PDF
FY2021 Viewing $69$25K−$25K$688K 990 PDF
FY2020 $71$28K−$28K$713K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $69 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $71$69
I-11 Other revenue$0
I-12 Total revenuePrior year $71$69
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $27,731$25,190
I-18 Total expensesPrior year $27,731$25,190
I-19 Revenue less expensesPrior year −$27,660−$25,121
Part VI · Governance 4 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $69 across 2 lines filed
VIII-3 Investment incomeExcluded from tax $69$69
VIII-12 Total revenueExcluded from tax $69$69
Part IX · Statement of functional expenses $25,190 across 7 lines filed
IX-11c Accounting feesManagement $1,582$1,582
IX-13 Office expensesPrograms $261$261
IX-16 OccupancyManagement $5,139$5,139
IX-19 Conferences, conventions and meetingsManagement $438$438
IX-22 Depreciation, depletion and amortizationPrograms $4,106$4,106
IX-24 Other expenses (24a–d)Programs $12,774 · Management $832$13,606
IX-24e All other expensesPrograms $58$58
IX-25 Total functional expensesPrograms $17,199 · Management $7,991 · Fundraising $0$25,190
Part X · Balance sheet $687,609 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $698,361$677,346
X-10c Land, buildings and equipment, netStart of year $14,369$10,263
X-16 Total assetsStart of year $712,730$687,609
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $712,730$687,609
X-32 Total net assets or fund balancesStart of year $712,730$687,609
X-33 Total liabilities and net assetsStart of year $712,730$687,609
Part XI · Reconciliation of net assets $687,609 net assets at year end
XI-1 Total revenue$69
XI-2 Total expenses$25,190
XI-3 Revenue less expenses−$25,121
XI-4 Net assets at start of year$712,730
XI-10 Net assets at end of year$687,609

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

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