Form 990 for tax year 2024
Filed by WALLOON LAKE ASSOCIATION AND CONSERVANCY.
Totals
- Total revenue
- $931,365
- Total expenses
- $686,930
- Contributions and grants received
- $608,906
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $292,823
- Other revenue
- $29,636
- Total assets, end of year
- $13,619,211
- Total liabilities, end of year
- $238,914
- Net assets or fund balances, end of year
- $13,380,297
- Program services expenses (Part IX)
- $401,760
- Management and general expenses
- $168,759
- Fundraising expenses
- $116,411
- Program service expenses (Part III)
- $401,760
Program services were 58.5% 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.
-
1b · Membership dues
$91,969
-
1f · All other contributions, gifts and grants
$516,937
-
3 · Investment income
total $159,125 · excluded $159,125
-
7a · Gross sales of assets other than inventory
securities $470,896 · other assets $18,201
-
7b · Less cost or other basis and sales expenses
securities $347,399 · other assets $8,000
-
7c · Gain or loss
securities $123,497 · other assets $10,201
-
7d · Net gain or loss
total $133,698 · related or exempt $120,497 · excluded $13,201
-
8a · Fundraising events: gross income
$5,430
-
8b · Fundraising events: direct expenses
$8,596
-
8c · Net income from fundraising events
total -$3,166
-
10a · Gross sales of inventory
$35,625
-
10b · Cost of goods sold
$6,430
-
10c · Net income from sales of inventory
total $29,195 · unrelated business $29,195
-
11a · Other revenue: MISCELLANEOUS
total $3,607 · related or exempt $3,607
-
11e · Other revenue, total
$3,607
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $269,455 · program services $159,306 · management and general $38,635 · fundraising $71,514
-
8 · Pension plan contributions
total $7,534 · program services $5,462 · management and general $693 · fundraising $1,379
-
9 · Other employee benefits
total $15,070 · program services $9,742 · management and general $1,826 · fundraising $3,502
-
10 · Payroll taxes
total $24,936 · program services $17,018 · management and general $3,622 · fundraising $4,296
-
11a · Fees: management
total $35,000 · program services $17,400 · management and general $7,208 · fundraising $10,392
-
11b · Fees: legal
total $710 · management and general $710
-
11c · Fees: accounting
total $43,377 · management and general $43,377
-
11f · Fees: investment management
total $36,908 · management and general $36,908
-
11g · Fees: other
total $22,632 · program services $7,066 · management and general $7,066 · fundraising $8,500
-
13 · Office expenses
total $50,604 · program services $41,611 · management and general $2,175 · fundraising $6,818
-
14 · Information technology
total $25,563 · program services $18,533 · management and general $2,352 · fundraising $4,678
-
16 · Occupancy
total $18,716 · program services $13,569 · management and general $1,722 · fundraising $3,425
-
22 · Depreciation, depletion and amortization
total $1,770 · management and general $1,770
-
23 · Insurance
total $15,992 · program services $3,135 · management and general $12,857
-
24a · Other expenses: LAND STEWARDSHIP
total $40,899 · program services $40,899
-
24b · Other expenses: PROGRAMS
total $29,436 · program services $29,436
-
24c · Other expenses: SPECIAL PROJECTS
total $17,936 · program services $11,512 · management and general $6,424
-
24d · Other expenses: LAND PROTECTION
total $15,031 · program services $15,031
-
24e · All other expenses
total $15,361 · program services $12,040 · management and general $1,414 · fundraising $1,907
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $204,549 · end of year $28,945
-
2 · Savings and temporary cash investments
beginning of year $193,984 · end of year $257,474
-
3 · Pledges and grants receivable
beginning of year $179,833 · end of year $106,349
-
4 · Accounts receivable
beginning of year $9,265 · end of year $2,900
-
8 · Inventories for sale or use
beginning of year $4,874 · end of year $4,874
-
10a · Land, buildings and equipment: cost or other basis
$8,293,450
-
10b · Land, buildings and equipment: accumulated depreciation
$15,443
-
10c · Land, buildings and equipment, net
beginning of year $8,283,276 · end of year $8,278,007
-
11 · Investments: publicly traded securities
beginning of year $4,531,228 · end of year $4,940,662
-
17 · Accounts payable and accrued expenses
beginning of year $35,236 · end of year $59,779
-
25 · Other liabilities
beginning of year $457,190 · end of year $179,135
-
27 · Net assets without donor restrictions
beginning of year $9,338,740 · end of year $9,863,907
-
28 · Net assets with donor restrictions
beginning of year $3,575,843 · end of year $3,516,390
Mission and programs · 2024
Mission
THE MISSION OF WALLOON LAKE ASSOCIATION AND CONSERVANCY IS TO CONSERVE, CARE FOR AND ENHANCE THE CONNECTION OF PEOPLE TO WALLOON LAKE AND ITS WATERSHED NOW, AND FOREVER.
-
PRESERVING AND PROTECTING LAND AND WATER IN THE WALLOON LAKE WATERSHED, THROUGH LAND ACQUISITIONS, CONSERVATION EASEMENTS, LAND STEWARDSHIP, ENVIRONMENTAL EDUCATION AND COMMUNITY ENGAGEMENT AND OUTREACH.
Expenses $401,760
As filed on the 2024 return.
Listed in Part VII
-
MARTY MAKINEN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 3
-
BOB FLYNN
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 2
-
JOHN FETTIG
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
HOLLY ANGILERI
2024 SECRETA
- Total calculated
- $0
- Hours/week
- 2
-
BETONY BRADDOCK
2025 SECRETA
- Total calculated
- $0
- Hours/week
- 2
-
MARY ELLEN GEIST
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
LAUREL MCATEER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
TOM SAELI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MARY ANN SMITH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MICHAEL HAYES
TRUSTEE
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 29 October 2025
- IRS schema version
- 2024v5.0
- Source object
- 202543219349316439
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