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Lake Effect Conservancy FY2022 filing

Tax-deductible

Wayzata, MN501(c)(3)Environment EIN 81-3649096Revenue $236K in FY2022Latest return filed Nov 11, 2025

On file with the IRSlakeeffectconservancy.orgWayzata, MNTax-exempt since Nov 2016Publicly supported charity — 170(b)(1)(A)(vi)

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The Lake Effect Conservancy is a nonprofit organization that serves as an advocate and fundraising agency for the panoway on wayzata bay initiative, a public-private partnership with the city of wayzata. The goal of this initiative is to preserve and enhance the city's greatest asset, Lake minnetonka, for future generations and to help improve the lakeside ecosystem with significant benefits to the community.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $21K a year · 5% of revenue · last 5 filings
A surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
93% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
5.1 mo
of spending, in cash
5.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $40K
3 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
10
of 10 voting members
10 of 10 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$236K
-17% vs prior year
Spent
$302K
To programs
93%
Net assets
$128K
By yearFY2020–FY2024
Revenue
$236K
FY2022▼ -17%
Tap a bar for its year
Revenue by fiscal year
FY2020$79K
FY2021$285K
FY2022$236K
FY2023$1.3M
FY2024$184K
Expenses
$302K
FY2022▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$153K
FY2021$295K
FY2022$302K
FY2023$635K
FY2024$811K
Net assets
$128K
FY2022▼ -34%
Tap a bar for its year
Net assets by fiscal year
FY2020$206K
FY2021$195K
FY2022$128K
FY2023$801K
FY2024$174K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 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 Nov 2016.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $282K Management & general 1% · $3K Fundraising 6% · $18K

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

14 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Bob Ambrose
Director
$0Pt VII · Sec A
Dan Koch
Treasurer
$0Pt VII · Sec A
Frank Bomier
Director
$0Pt VII · Sec A
George Lee
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Lake Effect Conservancy executive salaries →

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

Preserves and enhances Lake Minnetonka's ecosystem for future generations and community benefit.

Questions for Lake Effect Conservancy

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1 program · $282K · in their own filed words · FY2022
01

Funding updatewe received $235,621 in gifts from private individuals, foundations, and businesses during the YEAR.IN february the board hired a new executive director to help collaborate with the city of wayzata and keep work on track.

$282Kprogram 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 · FY2024
Donor Advised Charitable Giving INCFY2024$23K
Fidelity Investments Charitable Gift FundFY2024$10K
Mightycause Charitable FoundationFY2024$6K
Total grants receivedfrom 3 funders$40K
See all 3 funders →

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$236K
Ln 12
Gifts and grantsLn 1h$236K
Money outPt IX
$302K
Ln 25
Programscol B$282K
Managementcol C$3K
Fundraisingcol D$18K
Owns and owesPt X
$128K
net assets · Ln 32
Cash and savingsLn 1–2$128K
Total assetsLn 16$128K
LiabilitiesLn 26$0
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$236K
Fundraising eventsLn 1c$42K
Total revenueLn 12$236K
Assets in detailPt X, end of year
CashLn 1$128K
Cash and savings togetherLn 1–2$128K
Total assetsLn 16$128K
LiabilitiesLn 26$0
Net assetsLn 32$128K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY22End FY22
Cash and savingsLn 1–2$195K$128K
Total assetsLn 16$195K$128K
LiabilitiesLn 26$0$0
Net assetsLn 32$195K$128K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$520$520
Other fees for servicesLn 11g$109K$109K
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$2K$2K
Information technologyLn 14$445$445
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$184K$166K$18K
All other expensesLn 24e$352$352
Total functional expensesLn 25$302K$282K$3K$18K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 11, 2025 $184K$811K−$627K$174K 990 PDF
FY2023Filed with the IRS Nov 14, 2024 $1.3M$635K$673K$801K 990 PDF
FY2022 ViewingFiled with the IRS Nov 13, 2023 $236K$302K−$67K$128K 990 PDF
FY2021Filed with the IRS Nov 8, 2022 $285K$295K−$10K$195K 990 PDF
FY2020Filed with the IRS Nov 10, 2021 $79K$153K−$74K$206K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2022 990
Part I · Summary $235,621 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $284,718$235,621
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $284,718$235,621
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $295,162$302,359
I-18 Total expensesPrior year $295,162$302,359
I-19 Revenue less expensesPrior year −$10,444−$66,738
Part VI · Governance 10 of 10 board members independent, 3 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $235,621 across 5 lines filed
VIII-1c Fundraising events$41,579
VIII-1f All other contributions, gifts and grants$194,042
VIII-1h Total contributions, gifts and grants$235,621
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$235,621
Part IX · Statement of functional expenses $302,359 across 8 lines filed
IX-11c Accounting feesManagement $520$520
IX-11g Other fees for servicesPrograms $108,775$108,775
IX-12 Advertising and promotionPrograms $5,437$5,437
IX-13 Office expensesManagement $2,100$2,100
IX-14 Information technologyPrograms $445$445
IX-23 InsurancePrograms $1,019$1,019
IX-24 Other expenses (24a–d)Programs $165,548 · Fundraising $18,163$183,711
IX-24e All other expensesPrograms $352$352
IX-25 Total functional expensesPrograms $281,576 · Management $2,620 · Fundraising $18,163$302,359
Part X · Balance sheet $128,158 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $195,140$128,158
X-16 Total assetsStart of year $195,140$128,158
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $195,140$128,158
X-32 Total net assets or fund balancesStart of year $195,140$128,158
X-33 Total liabilities and net assetsStart of year $195,140$128,158
Part XI · Reconciliation of net assets $128,158 net assets at year end
XI-1 Total revenue$235,621
XI-2 Total expenses$302,359
XI-3 Revenue less expenses−$66,738
XI-4 Net assets at start of year$195,140
XI-8 Prior period adjustments−$244
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$128,158

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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