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← LAKES REGION COMMUNITY SERVICES FOUNDATION

Form 990 for tax year 2022

Filed by LAKES REGION COMMUNITY SERVICES FOUNDATION.

Totals

Total revenue
$80,474
Total expenses
$59,470
Contributions and grants received
$51,016
Grants paid
$0
Program service revenue
$0
Investment income
$8,426
Other revenue
$21,032
Total assets, end of year
$492,957
Total liabilities, end of year
$14,403
Net assets or fund balances, end of year
$478,554
Program services expenses (Part IX)
$17,025
Management and general expenses
$42,445
Fundraising expenses
$0
Program service expenses (Part III)
$17,025

Program services were 28.6% 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

    $51,016

  • 3 · Investment income

    total $8,424 · related or exempt $8,424

  • 7a · Gross sales of assets other than inventory

    securities $87,842

  • 7b · Less cost or other basis and sales expenses

    securities $87,840

  • 7c · Gain or loss

    securities $2

  • 7d · Net gain or loss

    total $2 · related or exempt $2

  • 8a · Fundraising events: gross income

    $25,782

  • 8b · Fundraising events: direct expenses

    $4,750

  • 8c · Net income from fundraising events

    total $21,032 · excluded $21,032

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $40,000 · management and general $40,000

  • 11c · Fees: accounting

    total $5,160 · program services $5,160

  • 11f · Fees: investment management

    total $2,445 · management and general $2,445

  • 24a · Other expenses: CONTRIBUTION TO AFFILIA

    total $11,775 · program services $11,775

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $90 · program services $90

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $16,045 · end of year $44,975

  • 11 · Investments: publicly traded securities

    beginning of year $402,422 · end of year $447,982

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $185

  • 25 · Other liabilities

    beginning of year $0 · end of year $14,218

  • 27 · Net assets without donor restrictions

    beginning of year $280,895 · end of year $325,078

  • 28 · Net assets with donor restrictions

    beginning of year $137,572 · end of year $153,476

Mission and programs · 2022

Mission

TO SOLICIT AND RECEIVE FUNDS THROUGH FUNDRAISING EFFORTS AND ADMINISTER THESE FUNDS FOR THE BENEFIT OF LAKES REGION COMMUNITY SERVICES COUNCIL, INC. AND ANY OTHER CHARITABLE, SCIENFTIFIC OR EDUCATIONAL PURPOSE.

  • TO SOLICIT AND RECEIVE FUNDS THROUGH FUNDRAISING EFFORTS AND ADMINISTER THESE FUNDS FOR THE BENEFIT OF LAKES REGION COMMUNITY SERVICES COUNCIL, INC. AND ANY OTHER CHARITABLE, SCIENFTIFIC OR EDUCATIONAL PURPOSE.

    Expenses $17,025 · Revenue $8,426

As filed on the 2022 return.

Listed in Part VII

  • Margaret Selig

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Emily Fortson

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Joanne Piper Lang

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Rebecca L Bryant

    DIRECTOR

    Total calculated
    $183,270
    From this org
    $0
    From related orgs
    $159,919
    Other
    $23,351
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $159,919 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $23,351 related
    Filer's total
    $0 + $183,270 related

  • R Stuart Wallace

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shannon-Robinson Beland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

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

No itemized grants to organizations 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.

Provenance

Return type
form_990
Tax year
2022
Filed
22 December 2023
IRS schema version
2022v5.0
Source object
202400589349301225

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