Lake Side Elite EIN 85-3559813 Form 990 (PDF) Claim this org

Lake Side Elite

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Offers gymnastics training to youth in the Boyne City, Michigan area. For fiscal year 2024 it reported $316K in revenue, $251K in expenses, and $250K in net assets.Pt I

Type
Public charity (501(c)(3)) · Recreation & Sports
Location
East Jordan, MI
Filings
4 on file (2021–2024)
Revenue
$316KFY2024
Expenses
$251K
Net assets
$250K
People
4
Filings
4
Updates
0
More identity details & actions ⌄
EIN  85-3559813 Public charity (501(c)(3)) East Jordan, MI
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers gymnastics training to youth in the Boyne City, Michigan area.
Leadership
Kristan Noblett · Director · $60K
Money in and out
$316K revenue, $251K expenses
Bottom line
74% program efficiency
Where the money goes · FY2024
Total revenue
$316K
Pt VIII · Ln 12
Total expenses
$251K
Pt IX · Ln 25
Net assets
$250K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $65K
Where spending went · Part IX cols B–D
Program services $0.74 Management & general $0.26
Program efficiency
74%
of spending reaches programs▼ -21% vs prior filing year
Operating runway
10.2mo
months of highly liquid reserves at operating expense rate▲ +16% vs prior filing year
Surplus margin
+21%
revenue over expenses, this year▼ -0.8% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$316K
FY2024▲ +19%
Expenses
$251K
FY2024▲ +19%
Total assets
$250K
FY2024▲ +33%
Total liabilities
$45
FY2024▼ -98%
Revenue less expensesPt I · Ln 19$65K
Total assetsPt X · Ln 16$250K
Program-expense ratioPt IX · col B74%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLake Side Elite
EINHdr · item D85-3559813
Principal addressHdr · item CEast Jordan, MI
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFRecreation & Sports (N60)
Ruling yearIRS BMFMar 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$59,948Pt VII · Sec A
Treasurer /S
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Kristan Noblett’s $60K as Director is at the 69th percentile of top reported officer pay among 1017 $100K–1M recreation & sports 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 · 2 named individuals · Part VII

NameFY2024FY2021
Kristan Noblett$59,948
Kristan Noblett$26,850

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.

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Mission & Programs · Part III

Where the work happens

1 program service account for $186K of program spending, described in the organization's own filed words · FY2024.
01

The organization provides gymnastic training to the youth in the boyne city, mi area.

$186Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$185K · 58%
Other revenue$108K · 34%
Contributions & grants$23K · 7%
Program service revenue58%$185K
Other revenue34%$108K
Contributions & grants7%$23K
Investment income$264
Total revenueLn 12$316K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.74 Management & general $0.26
Program services74%$186K
Management & general26%$65K
Total functional expensesLn 25$251K

Balance Sheet

Part X · end of year
CashLn 1$214K
Total assetsLn 16$250K
Total liabilitiesLn 26$45
Total net assetsLn 32$250K
Months of cash on handcomputed10.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $214K · Operating expenses/yr $251K
10.2 months
Where the money goes
Program services
Program services $186K · Total expenses $251K
74%
Management & General
Management & general $65K · Total expenses $251K
26%
Fundraising
Fundraising $0 · Total expenses $251K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $4K · Solicited contributions (3-yr avg) $19K
$0.20 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $23K · Total revenue $316K
7%
Government reliance
Government grants — · Total revenue $316K
Earned-income share
Program service revenue $185K · Total revenue $316K
58%
Investment reliance
Investment income $264 · Total revenue $316K
+0.08%
Program self-sufficiency
Program service revenue $185K · Total expenses $251K
74%
Growth & trend
Revenue growth (YoY)
This year $316K · Prior year $266K
+19%
Net-asset trend (YoY)
End of year $250K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $316K · Expenses $251K
+21%
Liabilities-to-Assets
Total liabilities — · Total assets $250K
Net-asset ratio
Net assets $250K · Total assets $250K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $250K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kristan Noblett · Reported title DIRECTOR · Highest reported compensation $60K · Total expenses $251K
24%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $132K · Total expenses $251K
53%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 74%
Overhead ratio 26%
Fundraising cost ratio 0%
Revenue growth 19%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$153

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$316K revenue · viewing · ⤓ 990 PDF
FY2023$266K revenue · ⤓ 990 PDF
FY2022$216K revenue · ⤓ 990 PDF
FY2021$247K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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