Form 990 for tax year 2023
Filed by GREATER LAKE CITY COMMUNITY FOUNDATION.
Totals
- Total revenue
- $138,930
- Total expenses
- $40,408
- Contributions and grants received
- $124,223
- Grants paid
- $35,570
- Program service revenue
- $0
- Investment income
- $14,707
- Other revenue
- $0
- Total assets, end of year
- $547,704
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $547,704
- Program services expenses (Part IX)
- $35,570
- Management and general expenses
- $4,838
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $17,000
Program services were 88.0% 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
$124,223
-
3 · Investment income
total $14,707
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $35,570 · program services $35,570
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $500 · management and general $500
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $2,437 · management and general $2,437
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $96 · management and general $96
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $1,053 · management and general $1,053
-
24a · Other expenses: WEBSITE MAINTENANCE
total $420 · management and general $420
-
24b · Other expenses: CHAMBER OF COMMERCE MEMBERSHIP
total $275 · management and general $275
-
24c · Other expenses: BANK FEES
total $32 · management and general $32
-
24d · Other expenses: MINNESOTA REGISTRATION
total $25 · management and general $25
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,689 · end of year $15,028
-
2 · Savings and temporary cash investments
beginning of year $5,587 · end of year $5,650
-
12 · Investments: other securities
beginning of year $368,737 · end of year $527,026
-
27 · Net assets without donor restrictions
beginning of year $359,570 · end of year $508,926
-
28 · Net assets with donor restrictions
beginning of year $19,443 · end of year $38,778
Mission and programs · 2023
Mission
Community Foundation providing assistance for the betterment of the community. Pillars are Education, Community and Economic Development, Arts and Environment.
Activities or mission (Part I)
Community Foundation providing assistance to provide for a better community. Pillars are Environment, Arts, Community and Economic Development and Education.
-
United Way of Goodhue, Wabasha, and Pierce Counties for Lake City Packing for the Weekend. Childrens food program
Expenses $10,000 · Grants $10,000
-
Rochester Community Technical College for educational scholarships.
Expenses $3,000 · Grants $3,000
-
City mural project 2,000. City fall festival 2000.
Expenses $4,000 · Grants $4,000
As filed on the 2023 return.
Listed in Part VII
-
David James SchreckDAVID JAMES SCHRECK
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 5
-
Beth KrehbielBETH KREHBIEL
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Bruce A CarlstromBRUCE A CARLSTROM
SECRETARY - ASST TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Steven LangSTEVEN LANG
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Heather BanksHEATHER BANKS
ASST TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Gregory LangfieldGREGORY LANGFIELD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Robert PopeROBERT POPE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jolene HarveyJOLENE HARVEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Erika BlimERIKA BLIM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Peter CoylePETER COYLE
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
-
United Way
$10,000
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 9 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202431349349301973
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