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Nonprofiteer
← LAKE COUNTY COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by LAKE COUNTY COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$2,727,876
Total expenses
$2,212,835
Contributions and grants received
$2,255,781
Grants paid
$207,990
Program service revenue
$300,182
Investment income
$23,773
Other revenue
$148,140
Total assets, end of year
$8,909,385
Total liabilities, end of year
$5,143,039
Net assets or fund balances, end of year
$3,766,346
Program services expenses (Part IX)
$1,729,658
Management and general expenses
$483,177
Fundraising expenses
$0
Program service expenses (Part III)
$1,729,658

Program services were 78.2% 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.

  • 1e · Government grants (contributions)

    $1,936,693

  • 1f · All other contributions, gifts and grants

    $319,088

  • 2a · Program service revenue: LOANS FUND INTEREST

    total $283,632 · related or exempt $283,632

  • 2b · Program service revenue: INFRAST/ COMM DEVEL

    total $16,550 · related or exempt $16,550

  • 3 · Investment income

    total $23,773 · excluded $23,773

  • 6a · Gross rents

    real property $12,292

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $12,292

  • 6d · Net rental income or loss

    total $12,292 · excluded $12,292

  • 10a · Gross sales of inventory

    $154,491

  • 10b · Cost of goods sold

    $19,167

  • 10c · Net income from sales of inventory

    total $135,324 · related or exempt $135,324

  • 11a · Other revenue: MISCELLANEOUS

    total $524 · related or exempt $524

  • 11e · Other revenue, total

    $524

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $207,990 · program services $207,990

  • 5 · Compensation of officers, directors and key employees

    total $108,432 · program services $88,298 · management and general $20,134

  • 7 · Other salaries and wages

    total $734,331 · program services $599,875 · management and general $134,456

  • 8 · Pension plan contributions

    total $9,154 · program services $6,312 · management and general $2,842

  • 9 · Other employee benefits

    total $105,519 · program services $72,761 · management and general $32,758

  • 10 · Payroll taxes

    total $83,253 · program services $57,407 · management and general $25,846

  • 11b · Fees: legal

    total $3,544 · management and general $3,544

  • 11c · Fees: accounting

    total $18,770 · management and general $18,770

  • 11g · Fees: other

    total $224,035 · program services $208,620 · management and general $15,415

  • 12 · Advertising and promotion

    total $10,131 · program services $5,432 · management and general $4,699

  • 13 · Office expenses

    total $33,728 · program services $8,328 · management and general $25,400

  • 16 · Occupancy

    total $75,784 · program services $37,240 · management and general $38,544

  • 17 · Travel

    total $42,467 · program services $40,540 · management and general $1,927

  • 20 · Interest

    total $68,461 · program services $68,461

  • 22 · Depreciation, depletion and amortization

    total $138,144 · management and general $138,144

  • 24a · Other expenses: SUPPLIES

    total $160,722 · program services $159,129 · management and general $1,593

  • 24b · Other expenses: PROVISION FOR LOAN LOSS

    total $98,000 · program services $98,000

  • 24c · Other expenses: MISCELLANEOUS

    total $37,644 · program services $33,723 · management and general $3,921

  • 24d · Other expenses: MINOR EQUIPMENT

    total $20,001 · program services $9,499 · management and general $10,502

  • 24e · All other expenses

    total $32,725 · program services $28,043 · management and general $4,682

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $53,584 · end of year $654,833

  • 2 · Savings and temporary cash investments

    beginning of year $2,950,788 · end of year $2,138,798

  • 3 · Pledges and grants receivable

    end of year $268,321

  • 4 · Accounts receivable

    beginning of year $287,018 · end of year $81,996

  • 7 · Other notes and loans receivable

    beginning of year $3,378,785 · end of year $4,428,782

  • 8 · Inventories for sale or use

    beginning of year $9,351 · end of year $39,622

  • 9 · Prepaid expenses and deferred charges

    end of year $13,093

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

    $3,470,486

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

    $2,186,546

  • 10c · Land, buildings and equipment, net

    beginning of year $1,370,213 · end of year $1,283,940

  • 15 · Other assets

    beginning of year $12,084 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $148,030 · end of year $192,461

  • 19 · Deferred revenue

    beginning of year $129,369 · end of year $77,168

  • 23 · Secured mortgages and notes payable

    beginning of year $4,533,119 · end of year $4,873,410

  • 27 · Net assets without donor restrictions

    beginning of year $3,174,488 · end of year $3,696,947

  • 28 · Net assets with donor restrictions

    beginning of year $76,817 · end of year $69,399

Mission and programs · 2022

Mission

COMMUNITY, ECONOMIC AND SOCIAL DEVELOPMENT

Activities or mission (Part I)

COMMUNITY ECONOMIC AND SOCIAL DEVELOPMENT

  • PROVIDE ASSISTANCE TO AREA ENTITIES TO FACILITATE THE DEVELOPMENT OF RURAL BUSINESSES TO CREATE JOB OPPORTUNITIES AND ECONOMIC DEVELOPMENT WITHIN LAKE COUNTY

    Expenses $1,461,428 · Grants $207,990 · Revenue $152,398

  • PROVIDE RESOURCES THROUGH A REVOLVING LOAN FUND FOR LAKE COUNTY RURAL BUSINESSES FOR BUSINESS EXPANSION AND DEVELOPMENT.

    Expenses $252,439 · Revenue $283,632

  • PROJECT MANAGEMENT FUNDS ARE ACTIVITIES ASSOCIATED WITH MANAGING FUNDS, CONTRACTS OR GRANTS ON BEHALF OF LOCAL GOVERNMENT AND/OR OTHER NON-PROFIT ORGANIZATIONS.

    Expenses $15,791

As filed on the 2022 return.

Listed in Part VII

  • Jay Preston

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Roxanne Duckworth

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Joel Onsager

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Sjaan Vincent

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Steve Stanley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jim Debree

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Moriah Lundeen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Landon Godfrey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bill Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rodney Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Roman Zylawy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Thilmony

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Dolson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dan Rowan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jan Tusick

    INTERIM EXECUTIVE DIRECTOR

    Total calculated
    $75,580
    From this org
    $73,379
    From related orgs
    $0
    Other
    $2,201
    Hours/week
    40

  • Heather Knutson-Walter

    PRIOR EXECUTIVE DIRECTOR

    Total calculated
    $32,852
    From this org
    $32,852
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

  • LOCAL FOOD MARKETPLACE

    $62,409

    ESTABLISH A LOCALLY PRODUCED SUSTAINABLE FOOD NETWORK

  • KITCHEN SYNC STRATEGIES

    $39,680

    ESTABLISH A LOCALLY PRODUCED SUSTAINABLE FOOD NETWORK

  • PUGET SOUND FOOD HUB COOP

    $33,826

    ESTABLISH A LOCALLY PRODUCED SUSTAINABLE FOOD NETWORK

  • WESTERN MONTANA GROWERS CO OP

    $28,612

    ESTABLISH A LOCALLY PRODUCED SUSTAINABLE FOOD NETWORK

  • FARM FARE LLC

    $23,566

    ESTABLISH A LOCALLY PRODUCED SUSTAINABLE FOOD NETWORK

  • LINC FOODS

    $19,897

    ESTABLISH A LOCALLY PRODUCED SUSTAINABLE FOOD NETWORK

Provenance

Return type
form_990
Tax year
2022
Filed
19 October 2023
IRS schema version
2022v5.0
Source object
202342979349300439

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