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Nonprofiteer
← LAKE CUNNINGHAM DEVELOPMENT TRUST

Form 990 for tax year 2023

Filed by LAKE CUNNINGHAM DEVELOPMENT TRUST.

Totals

Total revenue
$893,044
Total expenses
$1,662,472
Contributions and grants received
$439,232
Grants paid
$0
Program service revenue
$451,917
Investment income
$773
Other revenue
$1,122
Total assets, end of year
$5,665,476
Total liabilities, end of year
$110,016
Net assets or fund balances, end of year
$5,555,460
Program services expenses (Part IX)
$740,861
Management and general expenses
$733,276
Fundraising expenses
$188,335
Program service expenses (Part III)
$740,861

Program services were 44.6% 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

    $439,232

  • 2a · Program service revenue: PROGRAM SERVICE REVENU

    total $451,917 · related or exempt $451,917

  • 3 · Investment income

    total $773 · excluded $773

  • 8a · Fundraising events: gross income

    $3,232

  • 8b · Fundraising events: direct expenses

    $2,110

  • 8c · Net income from fundraising events

    total $1,122 · excluded $1,122

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $226,642 · management and general $226,642

  • 7 · Other salaries and wages

    total $452,368 · program services $217,249 · management and general $147,180 · fundraising $87,939

  • 9 · Other employee benefits

    total $49,033 · program services $29,470 · management and general $7,634 · fundraising $11,929

  • 10 · Payroll taxes

    total $47,891 · program services $16,229 · management and general $25,093 · fundraising $6,569

  • 11b · Fees: legal

    total $3,405 · program services $1,026 · management and general $1,353 · fundraising $1,026

  • 11c · Fees: accounting

    total $43,831 · program services $13,208 · management and general $17,415 · fundraising $13,208

  • 12 · Advertising and promotion

    total $54,054 · program services $18,773 · management and general $27,441 · fundraising $7,840

  • 13 · Office expenses

    total $34,677 · program services $26,524 · management and general $7,183 · fundraising $970

  • 14 · Information technology

    total $18,139 · program services $5,125 · management and general $7,890 · fundraising $5,124

  • 16 · Occupancy

    total $123,130 · program services $27,200 · management and general $70,770 · fundraising $25,160

  • 22 · Depreciation, depletion and amortization

    total $51,950 · program services $14,896 · management and general $37,054

  • 23 · Insurance

    total $76,549 · program services $12,244 · management and general $52,061 · fundraising $12,244

  • 24a · Other expenses: LAKE IMPROVEMENT/CONSTR

    total $328,095 · program services $328,095

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $60,828 · program services $16,969 · management and general $36,961 · fundraising $6,898

  • 24c · Other expenses: VEHICLE EXPENSE

    total $41,476 · program services $6,116 · management and general $32,369 · fundraising $2,991

  • 24d · Other expenses: MISCELLANEOUS EXPENSE

    total $34,172 · program services $7,342 · management and general $20,429 · fundraising $6,401

  • 24e · All other expenses

    total $16,232 · program services $395 · management and general $15,801 · fundraising $36

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,589,722 · end of year $2,059,766

  • 3 · Pledges and grants receivable

    beginning of year $664,000 · end of year $3,264,595

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,112 · end of year $8,393

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

    $441,036

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

    $115,984

  • 10c · Land, buildings and equipment, net

    beginning of year $265,271 · end of year $325,052

  • 15 · Other assets

    beginning of year $7,670 · end of year $7,670

  • 17 · Accounts payable and accrued expenses

    beginning of year $72,250 · end of year $110,016

  • 27 · Net assets without donor restrictions

    beginning of year $1,266,465 · end of year $2,091,097

  • 28 · Net assets with donor restrictions

    beginning of year $1,202,060 · end of year $3,464,363

Mission and programs · 2023

Mission

THE LAKE CUNNINGHAM DEVELOPMENT TRUST WAS ORGANIZED TO RAISE CAPITAL TO DEVELOP AND ENHANCE THE RECREATIONAL INFRASTRUCTURE AT GLENN CUNNINGHAM LAKE, A CITY PARK IN OMAHA, NEBRASKA, TO MAKE THE LAKE AND SURROUNDING GROUNDS MORE ATTRACTIVE AND ACCESSIBLE TO THE COMMUNITY.

Activities or mission (Part I)

TO RAISE CAPITAL TO DEVELOP AND ENHANCE THE RECREATIONAL INFRASTRUCTURE AT GLENN CUNNINGHAM LAKE.

  • IMPROVE AMENITIES OF THE PARK ALONG WITH INCREASING PARK SAFETY AND USAGE

    Expenses $740,861 · Revenue $451,917

As filed on the 2023 return.

Listed in Part VII

  • Mickey Anderson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Bill Singer

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Michael Fernen

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Eric Tirtilli

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Patrick Alston

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Lisa Roskens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Anne Folkers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Brook Bench

    EXECUTIVE DIRECTOR

    Total calculated
    $226,642
    From this org
    $188,712
    From related orgs
    $0
    Other
    $37,930
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $188,712
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $37,930
    Filer's total
    $226,642

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
31 October 2024
IRS schema version
2023v5.1
Source object
202403059349300310

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