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Nonprofiteer
← LAKE SUPERIOR YMCA FOUNDATION INC

Form 990 for tax year 2024

Filed by LAKE SUPERIOR YMCA FOUNDATION INC.

Totals

Total revenue
$510,523
Total expenses
$78,577
Contributions and grants received
$375,074
Grants paid
$28,500
Program service revenue
$0
Investment income
$115,649
Other revenue
$19,800
Total assets, end of year
$9,709,609
Total liabilities, end of year
$395
Net assets or fund balances, end of year
$9,709,214
Program services expenses (Part IX)
$28,500
Management and general expenses
$50,077
Fundraising expenses
$0
Program service expenses (Part III)
$28,500

Program services were 36.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • TIM LANGGUTH

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • MATT BAUMGARTNER

    PAST ASSOCIATION BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • BRIAN HREN

    ASSOCIATION BOARD TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BRIANA JOHNSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • EDDIE CRAWFORD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • KRISTI STOKES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • RACHEL JOHNSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BRANDON TALBOT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • STEVE EWERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • MEERIM MILAND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • SARA COLE

    PRESIDENT & CEO

    Total calculated
    $282,556
    From this org
    $0
    From related orgs
    $232,521
    Other
    $50,035
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $232,521 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $31,251 related
    Nontaxable benefits
    $0 + $18,784 related
    Filer's total
    $0 + $282,556 related

  • AMY HAGGENMILLER

    CHIEF FINANCIAL OFFICER

    Total calculated
    $241,873
    From this org
    $0
    From related orgs
    $191,814
    Other
    $50,059
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $191,814 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $23,018 related
    Nontaxable benefits
    $0 + $27,041 related
    Filer's total
    $0 + $241,873 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE CEO'S COMPENSATION IS DETERMINED BY DULUTH AREA YMCA, A RELATED ORGANIZATION. THE FOLLOWING WERE USED BY DULUTH AREA YMCA IN DETERMINING THE CEO'S COMPNESATION: 1. WRITTEN EMPLOYMENT CONTRACT 2. COMPENSATION SURVEY OR STUDY 3. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • STURGEON LAKE PROPERTY INC

    501(C)(3) · SUPPORT DULUTH AREA FAMILY YMCA INC. · MN · controlled entity

    Directly controlled by DULUTH AREA FAMILY YMCA HERITAGE FOUNDATION

  • DULUTH YMCA PROPERTY INC

    501(C)(3) · SUPPORT DULUTH AREA FAMILY YMCA INC. · MN · controlled entity

    Directly controlled by DULUTH AREA FAMILY YMCA HERITAGE FOUNDATION

  • DULUTH AREA FAMILY YMCA INC

    501(C)(3) · BUILDING STRONG KIDS, FAMILIES, AND COMMUNITIES · MN

Provenance

Return type
form_990
Tax year
2024
Filed
9 May 2025
IRS schema version
2024v5.1
Source object
202531339349300108

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