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La Crescent Area Event Center INC

Tax-deductible

La Crescent, MN501(c)(3)Community DevelopmentEIN 46-4473251Revenue $310K in FY2024

On file with the IRSlacrescentareaeventcenter.orgPo Box 46, 55947-0046 · La Crescent, MNTax-exempt since Sep 2014Publicly supported charity — 170(b)(1)(A)(vi)

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To construct and maintain a multi-purpose community building to serve residents of all ages for a wide range of social, cultural and educational opportunities and to provide a new clubroom and home for the city of La crescent's american legion post 595.

501(c)(3) charity; gifts are tax-deductible.
89¢ 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)(3)
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
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 $94K a year · 33% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$94K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$310K
+3% vs prior year
Spent
$425K
To programs
89%
Net assets
$3.4M
By yearFY2020–FY2024
Revenue
$310K
FY2024▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$158K
FY2021$318K
FY2022$324K
FY2023$300K
FY2024$310K
Expenses
$425K
FY2024▼ -12%
Tap a bar for its year
Expenses by fiscal year
FY2020$248K
FY2021$329K
FY2022$396K
FY2023$485K
FY2024$425K
Net assets
$3.4M
FY2024▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.8M
FY2021$3.8M
FY2022$3.7M
FY2023$3.5M
FY2024$3.4M

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2014.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $377K Management & general 11% · $47K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
Dan Brodigan
Board Member
$0Pt VII · Sec A
Sy Fix
Board Member
$0Pt VII · Sec A
Michelle Guillien
Board Secret
$0Pt VII · Sec A
David Heyer
Board Member
$0Pt VII · Sec A
Don Hill
Board Treasu
$0Pt VII · Sec A
Mike Klauke
President
$0Pt VII · Sec A
Andrea Wieser
Vice Preside
$0Pt VII · Sec A
See La Crescent Area Event Center 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

Builds and maintains a community center offering diverse programs and a home for the American Legion.

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Provided by the organization

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1 program · $377K · in their own filed words · FY2024
01

Construct and maintain a community events center operated for the benefit of city of la crescent residents and surrounding communities.

$377Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2022
Amazonsmile FoundationFY2022$5
Total grants receivedfrom 1 funder$5

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$310K
Ln 12
Fees for servicesLn 2g$201K
Other incomeLn 4–11$75K
Gifts and grantsLn 1h$32K
Money outPt IX
$425K
Ln 25
Programscol B$377K
Managementcol C$47K
Owns and owesPt X
$3.4M
net assets · Ln 32
Cash and savingsLn 1–2$108K
Total assetsLn 16$3.5M
LiabilitiesLn 26$94K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$32K
Government grantsLn 1e$7K
Fees for servicesLn 2g$201K
Investment incomeLn 3$2K
Other incomeLn 4–11$75K
Total revenueLn 12$310K
Assets in detailPt X, end of year
CashLn 1$49K
SavingsLn 2$58K
Cash and savings togetherLn 1–2$108K
InvestmentsLn 11–13$620
Land, buildings, equipmentLn 10c$3.3M
Total assetsLn 16$3.5M
LiabilitiesLn 26$94K
Net assetsLn 32$3.4M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$81K$108K
InvestmentsLn 11–13$482$620
Land, buildings, equipmentLn 10c$3.5M$3.3M
Total assetsLn 16$3.6M$3.5M
LiabilitiesLn 26$70K$94K
Net assetsLn 32$3.5M$3.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$170K$137K$33K
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$7K$5K$2K
Advertising and promotionLn 12$8K$8K
Office expensesLn 13$8K$4K$4K
Information technologyLn 14$4K$268$4K
OccupancyLn 16$57K$57K
Depreciation, depletion and amortizationLn 22$114K$114K
InsuranceLn 23$14K$14K
Other expenses (24a–d)Ln 24$38K$38K
Total functional expensesLn 25$425K$377K$47K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $310K$425K−$115K$3.4M 990 PDF
FY2023 $300K$485K−$184K$3.5M 990 PDF
FY2022 $324K$396K−$72K$3.7M 990 PDF
FY2021 $318K$329K−$10K$3.8M 990 PDF
FY2020 $158K$248K−$90K$3.8M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $309,902 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $15,195$32,444
I-9 Program service revenuePrior year $209,611$201,269
I-10 Investment incomePrior year $1,265$1,652
I-11 Other revenuePrior year $74,370$74,537
I-12 Total revenuePrior year $300,441$309,902
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $166,677$169,595
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $317,824$255,058
I-18 Total expensesPrior year $484,501$424,653
I-19 Revenue less expensesPrior year −$184,060−$114,751
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $309,902 across 7 lines filed
VIII-1e Government grants$6,894
VIII-1f All other contributions, gifts and grants$25,550
VIII-1h Total contributions, gifts and grants$32,444
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $201,269$201,269
VIII-3 Investment incomeRelated to mission $1,652$1,652
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $74,537$74,537
VIII-12 Total revenueRelated to mission $277,458$309,902
Part IX · Statement of functional expenses $424,653 across 10 lines filed
IX-7 Other salaries and wagesPrograms $136,728 · Management $32,867$169,595
IX-11c Accounting feesManagement $4,379$4,379
IX-11g Other fees for servicesPrograms $4,748 · Management $2,193$6,941
IX-12 Advertising and promotionPrograms $8,286$8,286
IX-13 Office expensesPrograms $3,957 · Management $4,145$8,102
IX-14 Information technologyPrograms $268 · Management $3,616$3,884
IX-16 OccupancyPrograms $57,103$57,103
IX-22 Depreciation, depletion and amortizationPrograms $114,269$114,269
IX-23 InsurancePrograms $14,342$14,342
IX-24 Other expenses (24a–d)Programs $37,752$37,752
IX-25 Total functional expensesPrograms $377,453 · Management $47,200 · Fundraising $0$424,653
Part X · Balance sheet $3,473,966 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $40,167$49,297
X-2 Savings and temporary cash investmentsStart of year $41,202$58,267
X-4 Accounts receivableStart of year $21,914$7,083
X-9 Prepaid expenses and deferred chargesStart of year $3,152$4,781
X-10c Land, buildings and equipment, netStart of year $3,456,908$3,343,974
X-11 Publicly traded securitiesStart of year $482$620
X-14 Intangible assetsStart of year $1,280$9,944
X-16 Total assetsStart of year $3,565,105$3,473,966
X-17 Accounts payable and accrued expensesStart of year $25,894$18,298
X-24 Unsecured notes and loans payable$25,000
X-25 Other liabilitiesStart of year $44,028$50,235
X-26 Total liabilitiesStart of year $69,922$93,533
X-27 Net assets without donor restrictionsStart of year $3,495,183$3,380,433
X-32 Total net assets or fund balancesStart of year $3,495,183$3,380,433
X-33 Total liabilities and net assetsStart of year $3,565,105$3,473,966
Part XI · Reconciliation of net assets $3,380,433 net assets at year end
XI-1 Total revenue$309,902
XI-2 Total expenses$424,653
XI-3 Revenue less expenses−$114,751
XI-4 Net assets at start of year$3,495,183
XI-9 Other changes in net assets$1
XI-10 Net assets at end of year$3,380,433

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

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