To promote tourism and festivals in Lake County, Minnesota

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
95¢ of each $1 spent went to programs.
Run by 7 volunteers and 4 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
1 of 3
filings with a surplus
Average surplus $127K a year · 7% of revenue · last 3 filings
Worth a look: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$84K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
5 mo
of spending, in cash
Looks good: 4.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$55K
7% of total assets
Looks good: liabilities are 7% 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
$1.6M
-7% vs prior year
Spent
$1.9M
To programs
95%
Net assets
$784K
By yearFY2022–FY2024
Revenue
$1.6M
FY2024▼ -7%
Tap a bar for its year
Revenue by fiscal year
FY2022$2.2M
FY2023$1.7M
FY2024$1.6M
Expenses
$1.9M
FY2024-0.2%
Tap a bar for its year
Expenses by fiscal year
FY2022$1.4M
FY2023$1.9M
FY2024$1.9M
Net assets
$784K
FY2024▼ -26%
Tap a bar for its year
Net assets by fiscal year
FY2022$1.2M
FY2023$1.1M
FY2024$784K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2024.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $1.8M Management & general 5% · $86K

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

8 people listed on the 990; $84K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$83,685Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Janelle Jones’s $84K as Executive Director is at the 12th percentile of top reported officer pay among 2832 $1–10M community development 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
Janelle Jones$83,685$71,700$65,975

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 Lovin Lake County 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Promotes tourism and festivals in Lake County, Minnesota.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

To promote tourism and area festivals through marketing and local events, stimulating Lake Countys economy, enhancing the quality of life for all residents, and protecting the areas unique attributes for the continual benefit of its citizens.

Pt IX · col B

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 · 72 grants · $1.5M · 2022–2024
Fall Lake TownshipFY2024$130,006
Unitemized GrantFY2024$30,700
Bay DaysMN · FY2024$30,000
Green Doorcity of Beaver BayFY2024$30,000
Rocky Wall ProductionsMN · FY2024$23,000
Lake County Agricultural SocietyFY2024$18,000
City of Silver BayFY2024$17,325
Two Harbors Farmer's MarketFY2024$14,000
Chrissy Scandin LLCFY2024$12,000
Veterans on the Lake ResortMN · FY2024$10,000
Silver Bay Blue Line ClubFY2024$10,000
Two Harbors Community RadioMN · FY2024$9,525
Four Seasons RestaurantFY2024$9,500
See all 72 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Fees for servicesLn 2g$1.6M
Gifts and grantsLn 1h$20K
Investment incomeLn 3$916
Money outPt IX
$1.9M
Ln 25
Programscol B$1.8M
Managementcol C$86K
Owns and owesPt X
$784K
net assets · Ln 32
Cash and savingsLn 1–2$735K
Total assetsLn 16$839K
LiabilitiesLn 26$55K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$20K
Government grantsLn 1e$20K
Fees for servicesLn 2g$1.6M
Investment incomeLn 3$916
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$122K
SavingsLn 2$613K
Cash and savings togetherLn 1–2$735K
Land, buildings, equipmentLn 10c$94K
Total assetsLn 16$839K
LiabilitiesLn 26$55K
Net assetsLn 32$784K
OperationsPt I, VI
EmployeesI 54
VolunteersI 67
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 FY24End FY24
Cash and savingsLn 1–2$1.1M$735K
Land, buildings, equipmentLn 10c$116K$94K
Total assetsLn 16$1.2M$839K
LiabilitiesLn 26$182K$55K
Net assetsLn 32$1.1M$784K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$674K$674K
Grants to domestic individualsLn 2$31K$31K
Pay of current officers, directors and key staffLn 5$84K$67K$17K$0
Other salaries and wagesLn 7$174K$132K$42K$0
Other employee benefitsLn 9$10K$8K$2K$0
Payroll taxesLn 10$20K$16K$5K$0
Accounting feesLn 11c$5K$0$5K$0
Advertising and promotionLn 12$740K$740K$0$0
Office expensesLn 13$9K$8K$960$0
OccupancyLn 16$11K$9K$3K$0
TravelLn 17$16K$16K$0$0
Depreciation, depletion and amortizationLn 22$36K$36K$0$0
InsuranceLn 23$777$0$777$0
Other expenses (24a–d)Ln 24$49K$37K$12K$0
Total functional expensesLn 25$1.9M$1.8M$86K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.6M$1.9M−$275K$784K 990 PDF
FY2023 $1.7M$1.9M−$161K$1.1M 990 PDF
FY2022 $2.2M$1.4M$818K$1.2M 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 $1,584,580 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $15,000$20,000
I-9 Program service revenuePrior year $1,686,569$1,563,664
I-10 Investment incomePrior year $625$916
I-11 Other revenue$0
I-12 Total revenuePrior year $1,702,194$1,584,580
I-13 Grants and similar amounts paidPrior year $650,140$704,246
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $261,353$288,367
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $951,813$867,382
I-18 Total expensesPrior year $1,863,306$1,859,995
I-19 Revenue less expensesPrior year −$161,112−$275,415
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,584,580 across 5 lines filed
VIII-1e Government grants$20,000
VIII-1h Total contributions, gifts and grants$20,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$1,563,664
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $916$916
VIII-12 Total revenueRelated to mission $1,563,664 · Unrelated business $0 · Excluded from tax $916$1,584,580
Part IX · Statement of functional expenses $1,859,995 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $673,546$673,546
IX-2 Grants to domestic individualsPrograms $30,700$30,700
IX-5 Pay of current officers, directors and key staffPrograms $66,948 · Management $16,737 · Fundraising $0$83,685
IX-7 Other salaries and wagesPrograms $132,263 · Management $41,987 · Fundraising $0$174,250
IX-9 Other employee benefitsPrograms $7,925 · Management $2,275 · Fundraising $0$10,200
IX-10 Payroll taxesPrograms $15,579 · Management $4,653 · Fundraising $0$20,232
IX-11c Accounting feesPrograms $0 · Management $4,800 · Fundraising $0$4,800
IX-12 Advertising and promotionPrograms $740,432 · Management $0 · Fundraising $0$740,432
IX-13 Office expensesPrograms $8,372 · Management $960 · Fundraising $0$9,332
IX-16 OccupancyPrograms $8,577 · Management $2,562 · Fundraising $0$11,139
IX-17 TravelPrograms $15,962 · Management $0 · Fundraising $0$15,962
IX-22 Depreciation, depletion and amortizationPrograms $36,371 · Management $0 · Fundraising $0$36,371
IX-23 InsurancePrograms $0 · Management $777 · Fundraising $0$777
IX-24 Other expenses (24a–d)Programs $36,986 · Management $11,583 · Fundraising $0$48,569
IX-25 Total functional expensesPrograms $1,773,661 · Management $86,334 · Fundraising $0$1,859,995
Part X · Balance sheet $839,110 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $364,694$122,006
X-2 Savings and temporary cash investmentsStart of year $701,514$613,412
X-4 Accounts receivableStart of year $10,022$5
X-9 Prepaid expenses and deferred chargesStart of year $48,777$9,698
X-10c Land, buildings and equipment, netStart of year $115,792$93,989
X-16 Total assetsStart of year $1,240,799$839,110
X-17 Accounts payable and accrued expensesStart of year $173,026$38,475
X-25 Other liabilitiesStart of year $8,498$16,775
X-26 Total liabilitiesStart of year $181,524$55,250
X-27 Net assets without donor restrictionsStart of year $1,059,275$783,860
X-32 Total net assets or fund balancesStart of year $1,059,275$783,860
X-33 Total liabilities and net assetsStart of year $1,240,799$839,110
Part XI · Reconciliation of net assets $783,860 net assets at year end
XI-1 Total revenue$1,584,580
XI-2 Total expenses$1,859,995
XI-3 Revenue less expenses−$275,415
XI-4 Net assets at start of year$1,059,275
XI-10 Net assets at end of year$783,860

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

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