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Nonprofiteer
← LAKE OF THE WOODS INTERNATIONAL ARENA BOARD INC

Form 990 for tax year 2022

Filed by LAKE OF THE WOODS INTERNATIONAL ARENA BOARD INC.

Totals

Total revenue
$74,079
Total expenses
$20,140
Contributions and grants received
$73,577
Grants paid
$0
Program service revenue
$0
Investment income
$502
Other revenue
$0
Total assets, end of year
$7,442,893
Total liabilities, end of year
$405,397
Net assets or fund balances, end of year
$7,037,496
Program services expenses (Part IX)
$20,140
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$20,140

Program services were 100.0% 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

    $73,577

  • 3 · Investment income

    total $502 · excluded $502

Functional expenses

Part IX, the statement of functional expenses.

  • 20 · Interest

    total $20,140 · program services $20,140

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,326 · end of year $65,835

  • 2 · Savings and temporary cash investments

    beginning of year $174,848 · end of year $76,928

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

    $7,300,130

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $7,300,130 · end of year $7,300,130

  • 25 · Other liabilities

    beginning of year $500,747 · end of year $405,397

  • 29 · Capital stock, trust principal or current funds

    beginning of year $147,868 · end of year $147,868

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $6,835,689 · end of year $6,889,628

Mission and programs · 2022

Mission

CONSTRUCTION AND OPERATION OF A COMMUNITY ICE ARENA FACILITY

Activities or mission (Part I)

CONSTRUCTION AND OPERATION OF A PUBLIC ICE ARENA FOR THE USE OF THE RESIDENTS (ESPECIALLY YOUTH) OF LAKE OF THE WOODS COUNTY AND SURROUNDING AREAS.

  • CONSTRUCTION AND OPERATION OF COMMUNITY ICE ARENA

    Expenses $20,140 · Revenue $74,079

As filed on the 2022 return.

Listed in Part VII

  • Mike Schulz

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Ned Lavalla

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Erica Anderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Brent Noble

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Janaya Wood

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Brett Nylander

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sandi Hasbargen

    BOOKKEEPER

    Total calculated
    $0
    Hours/week
    2

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
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202333179349309673

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