Three Lakes Trails INC FY2024 filing

Tax-deductible

Three Lakes, WI501(c)(4)EIN 39-1498422Revenue $327K in FY2024

On file with the IRSPo Box 14, 54562-0014 · Three Lakes, WITax-exempt since Mar 1985

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Establish and maintain snowmobile Trails in oneida and forest counties in northern wisconsin for the benefit of the community. All Trails are open to the public.

501(c)(4) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $58K a year · 23% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
18 mo
of spending, in cash
Looks good: 17.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$21K
2% of total assets
Looks good: liabilities are 2% 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
$327K
+32% vs prior year
Spent
$185K
To programs
92%
Net assets
$914K
By yearFY2021–FY2025
Revenue
$327K
FY2024▲ +32%
Tap a bar for its year
Revenue by fiscal year
FY2021$305K
FY2022$216K
FY2023$248K
FY2024$327K
FY2025$166K
Expenses
$185K
FY2024▼ -20%
Tap a bar for its year
Expenses by fiscal year
FY2021$151K
FY2022$200K
FY2023$231K
FY2024$185K
FY2025$206K
Net assets
$914K
FY2024▲ +18%
Tap a bar for its year
Net assets by fiscal year
FY2021$739K
FY2022$754K
FY2023$772K
FY2024$914K
FY2025$874K

From the FY2024 Form 990 (year ending August 2024) · see the original

990 PDF Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1985.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $169K Management & general 8% · $15K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
See Three Lakes Trails 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

Maintains snowmobile trails in northern Wisconsin for public use.

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1 program · $169K · in their own filed words · FY2023
01

Establish and maintain snowmobile trails in oneida and forest counties in northwern wisconsin for the benefit of the community. All trails are open to the public.

$169Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$327K
Ln 12
Fees for servicesLn 2g$147K
Investment incomeLn 3$82K
Other incomeLn 4–11$51K
Money outPt IX
$185K
Ln 25
Programscol B$169K
Managementcol C$15K
Owns and owesPt X
$914K
net assets · Ln 32
Cash and savingsLn 1–2$274K
Total assetsLn 16$935K
LiabilitiesLn 26$21K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$47K
Fees for servicesLn 2g$147K
Investment incomeLn 3$82K
Other incomeLn 4–11$51K
Gains on assetsLn 7$79K
Total revenueLn 12$327K
Assets in detailPt X, end of year
SavingsLn 2$274K
Cash and savings togetherLn 1–2$274K
Land, buildings, equipmentLn 10c$661K
Total assetsLn 16$935K
LiabilitiesLn 26$21K
Net assetsLn 32$914K
OperationsPt I, VI
EmployeesI 54
VolunteersI 64
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$190K$274K
Land, buildings, equipmentLn 10c$624K$661K
Total assetsLn 16$813K$935K
LiabilitiesLn 26$41K$21K
Net assetsLn 32$772K$914K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Payroll taxesLn 10$41$41
Accounting feesLn 11c$1K$1K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$2K$2K
OccupancyLn 16$12K$12K
InterestLn 20$159$159
Depreciation, depletion and amortizationLn 22$128K$128K
Other expenses (24a–d)Ln 24$29K$29K
All other expensesLn 24e$8K$8K
Total functional expensesLn 25$185K$169K$15K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $166K$206K−$41K$874K 990 PDF
FY2024 Viewing $327K$185K$142K$914K 990 PDF
FY2023 $248K$231K$18K$772K 990 PDF
FY2022 $216K$200K$15K$754K 990 PDF
FY2021 $305K$151K$154K$739K 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 FY2024 990 (6 parts)
Part I · Summary $326,997 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $47,267$47,171
I-9 Program service revenuePrior year $164,755$146,897
I-10 Investment incomePrior year $219$82,404
I-11 Other revenuePrior year $35,831$50,525
I-12 Total revenuePrior year $248,072$326,997
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $7,557$41
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $222,975$184,599
I-18 Total expensesPrior year $230,532$184,640
I-19 Revenue less expensesPrior year $17,540$142,357
Part VI · Governance 4 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $326,997 across 7 lines filed
Lines not itemized here account for −$854 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$47,171
VIII-1h Total contributions, gifts and grants$47,171
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $146,897$146,897
VIII-3 Investment incomeRelated to mission $3,404$3,404
VIII-7 Net gain or loss on sales of assetsRelated to mission $79,000$79,000
VIII-8 Net income from fundraising eventsExcluded from tax $51,379$51,379
VIII-12 Total revenueRelated to mission $229,301 · Unrelated business $0 · Excluded from tax $50,525$326,997
Part IX · Statement of functional expenses $184,640 across 9 lines filed
IX-10 Payroll taxesPrograms $41$41
IX-11c Accounting feesManagement $1,327$1,327
IX-12 Advertising and promotionPrograms $3,342$3,342
IX-13 Office expensesManagement $2,103$2,103
IX-16 OccupancyManagement $11,926$11,926
IX-20 InterestPrograms $159$159
IX-22 Depreciation, depletion and amortizationPrograms $128,122$128,122
IX-24 Other expenses (24a–d)Programs $29,135$29,135
IX-24e All other expensesPrograms $8,485$8,485
IX-25 Total functional expensesPrograms $169,284 · Management $15,356 · Fundraising $0$184,640
Part X · Balance sheet $934,997 assets, 8 lines filed
X-2 Savings and temporary cash investmentsStart of year $189,626$273,687
X-10c Land, buildings and equipment, netStart of year $623,673$661,310
X-16 Total assetsStart of year $813,299$934,997
X-17 Accounts payable and accrued expensesStart of year $42$72
X-26 Total liabilitiesStart of year $41,285$20,626
X-27 Net assets without donor restrictionsStart of year $772,014$914,371
X-32 Total net assets or fund balancesStart of year $772,014$914,371
X-33 Total liabilities and net assetsStart of year $813,299$934,997
Part XI · Reconciliation of net assets $914,371 net assets at year end
XI-1 Total revenue$326,997
XI-2 Total expenses$184,640
XI-3 Revenue less expenses$142,357
XI-4 Net assets at start of year$772,014
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$914,371

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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