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← HIGGINS LAKE FOUNDATION

Form 990 for tax year 2024

Filed by HIGGINS LAKE FOUNDATION.

Totals

Total revenue
$410,917
Total expenses
$277,635
Contributions and grants received
$308,979
Grants paid
$0
Program service revenue
$43,148
Investment income
$58,790
Other revenue
$0
Total assets, end of year
$2,428,195
Total liabilities, end of year
$1,939
Net assets or fund balances, end of year
$2,426,256
Program services expenses (Part IX)
$171,697
Management and general expenses
$92,259
Fundraising expenses
$13,679
Program service expenses (Part III)
$171,697

Program services were 61.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $308,979

  • 1g · Noncash contributions included above

    $10,595

  • 2a · Program service revenue: RAFFLES

    total $43,148 · excluded $43,148

  • 3 · Investment income

    total $58,790 · related or exempt $58,790

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $41,479 · program services $12,444 · management and general $20,739 · fundraising $8,296

  • 10 · Payroll taxes

    total $4,338 · program services $1,302 · management and general $2,169 · fundraising $867

  • 11b · Fees: legal

    total $2,485 · management and general $2,485

  • 11f · Fees: investment management

    total $35,721 · management and general $35,721

  • 12 · Advertising and promotion

    total $18,543 · program services $12,982 · management and general $2,775 · fundraising $2,786

  • 13 · Office expenses

    total $13,097 · program services $4,473 · management and general $6,894 · fundraising $1,730

  • 16 · Occupancy

    total $17,884 · management and general $17,884

  • 23 · Insurance

    total $3,592 · management and general $3,592

  • 24a · Other expenses

    total $121,655 · program services $121,655

  • 24b · Other expenses: COGS

    total $18,841 · program services $18,841

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $95,819 · end of year $194,059

  • 2 · Savings and temporary cash investments

    beginning of year $160,109 · end of year $183,296

  • 10a · Land, buildings and equipment: cost or other basis

    $11,444

  • 10b · Land, buildings and equipment: accumulated depreciation

    $11,244

  • 10c · Land, buildings and equipment, net

    beginning of year $466 · end of year $200

  • 11 · Investments: publicly traded securities

    beginning of year $1,908,427 · end of year $2,050,640

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,169 · end of year $1,939

  • 27 · Net assets without donor restrictions

    beginning of year $2,143,119 · end of year $2,413,333

  • 28 · Net assets with donor restrictions

    beginning of year $19,533 · end of year $12,923

Mission and programs · 2024

Mission

TO PRESERVE AND ENHANCE HIGGINS LAKE AS A PUBLIC RECREATION FACILITY.

  • OPERATION OF MILFOIL SUCTION HARVESTOR USED TO CONTROL SPREAD AND GROWTH ON INVASIVE SPECIES IN LAKE.

    Expenses $19,842

  • EDUCATION ACTIVITIES, PRODUCTION OF LITERATURE AND WARENESS CAMPAIGNS FOR THE PRESERVATION OF THE HIGGINS LAKE WATER QUALITY.

    Expenses $49,171

  • WATER QUALITY TESTING AND STUDY GRANTS.

    Expenses $83,843

  • PROMOTION OF INFORMATION RELATED TO WATER QUALITY AND PRESERVATION.

    Expenses $18,841

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Denise Becker

    EXECUTIVE DI

    Total calculated
    $7,989
    From this org
    $7,989
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

  • Sara Almirall

    TRUSTEE

    Total calculated
    $0

  • Brad Baerlocher

    TRUSTEE

    Total calculated
    $0

  • Bill Baker

    TRUSTEE

    Total calculated
    $0

  • John Barta

    TRUSTEE

    Total calculated
    $0

  • Jim Kirsch

    TRUSTEE

    Total calculated
    $0

  • Nancy Lamb

    TRUSTEE

    Total calculated
    $0

  • Scott McNamara

    TRUSTEE

    Total calculated
    $0

  • Bob Blamer

    SECRETARY

    Total calculated
    $0

  • Daniel Decker

    TREASURER

    Total calculated
    $0

  • Rick Meeks

    VICE CHAIR

    Total calculated
    $0

  • Vicki Springstead

    CHAIR

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
13 October 2025
IRS schema version
2024v5.0
Source object
202512879349301851

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