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← LAKES AREA FOOD SHELF INCORPORATED

Form 990 for tax year 2023

Filed by LAKES AREA FOOD SHELF INCORPORATED.

Totals

Total revenue
$967,147
Total expenses
$520,124
Contributions and grants received
$945,482
Grants paid
$120,393
Program service revenue
$0
Investment income
$18,198
Other revenue
$3,467
Total assets, end of year
$1,325,364
Total liabilities, end of year
$18,226
Net assets or fund balances, end of year
$1,307,138
Program services expenses (Part IX)
$466,447
Management and general expenses
$43,320
Fundraising expenses
$10,357
Program service expenses (Part III)
$466,447

Program services were 89.7% 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.

  • 1c · Fundraising events

    $40,644

  • 1f · All other contributions, gifts and grants

    $904,838

  • 1g · Noncash contributions included above

    $90,597

  • 3 · Investment income

    total $18,198 · excluded $18,198

  • 8a · Fundraising events: gross income

    $3,500

  • 8a · Fundraising events: contributions included on line 1c

    $40,644

  • 8b · Fundraising events: direct expenses

    $4,262

  • 8c · Net income from fundraising events

    total -$762 · excluded -$762

  • 11a · Other revenue: INSURANCE CLAIM

    total $4,229 · excluded $4,229

  • 11e · Other revenue, total

    $4,229

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $29,796 · program services $29,796

  • 2 · Grants to domestic individuals

    total $90,597 · program services $90,597

  • 5 · Compensation of officers, directors and key employees

    total $31,863 · program services $25,491 · management and general $3,186 · fundraising $3,186

  • 7 · Other salaries and wages

    total $21,374 · program services $17,099 · management and general $2,137 · fundraising $2,138

  • 9 · Other employee benefits

    total $1,684 · program services $1,348 · management and general $168 · fundraising $168

  • 10 · Payroll taxes

    total $3,875 · program services $3,099 · management and general $388 · fundraising $388

  • 11b · Fees: legal

    total $29,621 · management and general $29,621

  • 11g · Fees: other

    total $883 · program services $790 · management and general $93

  • 12 · Advertising and promotion

    total $11,990 · program services $8,740 · management and general $3,250

  • 13 · Office expenses

    total $8,521 · program services $8,521

  • 14 · Information technology

    total $2,917 · program services $2,917

  • 16 · Occupancy

    total $9,456 · program services $7,324 · management and general $1,066 · fundraising $1,066

  • 17 · Travel

    total $503 · program services $503

  • 22 · Depreciation, depletion and amortization

    total $16,451 · program services $13,161 · management and general $1,645 · fundraising $1,645

  • 23 · Insurance

    total $7,292 · program services $5,834 · management and general $729 · fundraising $729

  • 24a · Other expenses: FOOD PURCHASED

    total $235,492 · program services $235,492

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $10,371 · program services $8,297 · management and general $1,037 · fundraising $1,037

  • 24c · Other expenses: HOUSEHOLD ITEMS

    total $6,466 · program services $6,466

  • 24d · Other expenses: MISCELLANEOUS EXPENSE

    total $972 · program services $972

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $34,093 · end of year $91,508

  • 2 · Savings and temporary cash investments

    beginning of year $725,086 · end of year $201,587

  • 3 · Pledges and grants receivable

    beginning of year $25 · end of year $0

  • 4 · Accounts receivable

    beginning of year $10,067 · end of year $10,067

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

    $631,787

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

    $111,342

  • 10c · Land, buildings and equipment, net

    beginning of year $102,985 · end of year $520,445

  • 11 · Investments: publicly traded securities

    end of year $501,757

  • 17 · Accounts payable and accrued expenses

    end of year $18,226

  • 27 · Net assets without donor restrictions

    beginning of year $752,422 · end of year $1,307,138

  • 28 · Net assets with donor restrictions

    beginning of year $119,834 · end of year $0

Mission and programs · 2023

Mission

TO SERVE AS A TRUSTED COMMUNITY RESOURCE BY HELPING OUR FRIENDS AND NEIGHBORS BECOME HUNGER FREE AND OBTAIN A HEALTHY LIFESTYLE.

  • THE ORGANIZATION ACCEPTS CONTRIBUTIONS OF MONEY, FOOD AND DRY GOODS FROM AREA INDIVIDUALS AND GREOCERY STORES. THE DONATED MONEY IS USED TO PURCHASE FOOD ITEMS WHICH TOGETHER WITH THE DONATED ITEMS ARE DISTRIBUTED TO AREA INDIVIDUALS WHO MEET CERTAIN NEEDS TESTS ESTABLISHED BY THE ORGANIZATION'S DIRECTORS. THE ORGANIZATION SERVES THE AREA OF BREEZY POINT, IDEAL TOWNSHIP, JENKINS, NISSWA AND PEQUOT LAKES WHICH IS AN AREA DEFINED BY THE LOCAL PARTICIPATING CHURCHES. DURING YEAR 2023, THERE WERE 16,015 VISTS TO THE FOOD SHELF.

    Expenses $466,447 · Grants $120,393

As filed on the 2023 return.

Listed in Part VII

  • Tamara Larsen

    EXECUTIVE DIRECTOR

    Total calculated
    $12,045
    From this org
    $12,045
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

  • Kathy Adams

    FORMER EXECUTIVE DIRECTOR

    Total calculated
    $19,818
    From this org
    $19,818
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

  • Tim Moore

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Dale Carlson

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Jean Kraft

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Lou Frillman

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Mark Casey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Jeremiah Eisenschenk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Abbie Hoelscher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ken Maddux

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Pastor Jennifer Matthees

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • George Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kip Sandoz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jesse Zahn

    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.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202433199349305223

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