Lake Side Elite FY2023 filing

East Jordan, MI · Public charity (501(c)(3)) · Recreation & Sports

✓ Tax-deductible Latest data FY2023
Revenue
$266K
▲ +23% vs prior year
Spent
$210K
To programs
94%
Net assets
$185K
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Form 990 for the fiscal year ending December 2023 (IRS tax year 2023).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
1 funder — Amazonsmile Foundation
$153 in the latest grant year.
Spent on programs?
94% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↑ +23% vs prior year
Legal name (IRS)Hdr · item CLake Side Elite
EINHdr · item D85-3559813
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMar 2021
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CEast Jordan, MI
NTEE classificationIRS BMFRecreation & Sports (N60)

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.03 Fundraising $0.03
Program services94%$198K
Management & general3%$7K
Fundraising3%$6K
Total functional expensesLn 25$210K

Financial health

Revenue & expenses by yearFY2021–FY2024
Revenue
$266K
FY2023▲ +23%
Expenses
$210K
FY2023▲ +22%
Program efficiency
94%
of spending reaches programs
Operating runway
8.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+21%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$188K
FY2023▲ +34%
Total liabilities
$3K
FY2023▼ -73%
Revenue less expensesPt I · Ln 19$55K
Total assetsPt X · Ln 16$188K
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Balance Sheet

Part X · end of year
CashLn 1$154K
Total assetsLn 16$188K
Total liabilitiesLn 26$3K
Total net assetsLn 32$185K
Months of cash on handcomputed8.8

Statement of Revenue

Part VIII
Program service revenue$186K · 70%
Other revenue$66K · 25%
Contributions & grants$13K · 5%
Program service revenue70%$186K
Other revenue25%$66K
Contributions & grants5%$13K
Investment income$171
Total revenueLn 12$266K

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $154K · Operating expenses/yr $210K
8.8 months
Where the money goes
Program services
Program services $198K · Total expenses $210K
94%
Management & General
Management & general $7K · Total expenses $210K
3%
Fundraising
Fundraising $6K · Total expenses $210K
3%
Cost to raise $1
Fundraising expense (3-yr avg) $19K · Solicited contributions (3-yr avg) $12K
$1.50 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $13K · Total revenue $266K
5%
Government reliance
Government grants — · Total revenue $266K
—
Earned-income share
Program service revenue $186K · Total revenue $266K
70%
Investment reliance
Investment income $171 · Total revenue $266K
+0.06%
Program self-sufficiency
Program service revenue $186K · Total expenses $210K
88%
Growth & trend
Revenue growth (YoY)
This year $266K · Prior year $216K
+23%
Net-asset trend (YoY)
End of year $185K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $266K · Expenses $210K
+21%
Liabilities-to-Assets
Total liabilities — · Total assets $188K
—
Net-asset ratio
Net assets $185K · Total assets $188K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $188K
0%
People & payroll
Highest Reported Total Compensation
Individual Kimberly Lamb · Reported title President · Highest reported compensation $0 · Total expenses $210K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $118K · Total expenses $210K
56%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 94%——
Overhead ratio 3%——
Fundraising cost ratio 45%——
Revenue growth 23%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 3%——
Fundraising fee ratio 0%——

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.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$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.

See Lake Side Elite executive salaries →

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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

Mission and programs

Offers gymnastics training to youth in the Boyne City, Michigan area.

Provided by the organization

This section is blank until Lake Side Elite claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $198K of program spending, described in the organization's own filed words · FY2023.
01

The organization has reached over 200 students providing gymnastics training to these individuals

$198Kprogram expense

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Funders

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

Grants

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

Filing history

YearRevenueExpensesChangeFiling
FY2024 Latest $316K$251K+19% 990 PDF
FY2023 Viewing $266K$210K+23% 990 PDF
FY2022 $216K$173K-12% 990 PDF
FY2021 $247K$166K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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