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Nonprofiteer
← WALLOON LAKE ASSOCIATION AND CONSERVANCY

Form 990 for tax year 2023

Filed by WALLOON LAKE ASSOCIATION AND CONSERVANCY.

Totals

Total revenue
$1,084,551
Total expenses
$845,547
Contributions and grants received
$797,308
Grants paid
$0
Program service revenue
$0
Investment income
$171,884
Other revenue
$115,359
Total assets, end of year
$13,407,009
Total liabilities, end of year
$492,426
Net assets or fund balances, end of year
$12,914,583
Program services expenses (Part IX)
$491,312
Management and general expenses
$227,276
Fundraising expenses
$126,959
Program service expenses (Part III)
$491,312

Program services were 58.1% 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

    $101,745

  • 1f · All other contributions, gifts and grants

    $695,563

  • 3 · Investment income

    total $139,147 · excluded $139,147

  • 7a · Gross sales of assets other than inventory

    securities $252,872 · other assets $8,829

  • 7b · Less cost or other basis and sales expenses

    securities $228,964

  • 7c · Gain or loss

    securities $23,908 · other assets $8,829

  • 7d · Net gain or loss

    total $32,737 · related or exempt $23,908 · excluded $8,829

  • 8a · Fundraising events: gross income

    $99,411

  • 8b · Fundraising events: direct expenses

    $26,143

  • 8c · Net income from fundraising events

    total $73,268

  • 10a · Gross sales of inventory

    $48,942

  • 10b · Cost of goods sold

    $13,409

  • 10c · Net income from sales of inventory

    total $35,533 · unrelated business $35,533

  • 11a · Other revenue: EVENTS

    total $4,953 · related or exempt $4,953

  • 11b · Other revenue: MISCELLANEOUS

    total $1,605 · related or exempt $1,605

  • 11e · Other revenue, total

    $6,558

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $113,952 · program services $34,185 · management and general $45,581 · fundraising $34,186

  • 7 · Other salaries and wages

    total $192,090 · program services $119,948 · management and general $46,131 · fundraising $26,011

  • 8 · Pension plan contributions

    total $10,027 · program services $4,957 · management and general $2,893 · fundraising $2,177

  • 9 · Other employee benefits

    total $22,018 · program services $12,002 · management and general $5,484 · fundraising $4,532

  • 10 · Payroll taxes

    total $33,188 · program services $17,276 · management and general $9,692 · fundraising $6,220

  • 11c · Fees: accounting

    total $19,630 · management and general $19,630

  • 11f · Fees: investment management

    total $31,445 · management and general $31,445

  • 12 · Advertising and promotion

    total $3,945 · program services $1,382 · fundraising $2,563

  • 13 · Office expenses

    total $72,035 · program services $56,728 · management and general $6,119 · fundraising $9,188

  • 14 · Information technology

    total $19,413 · program services $11,786 · management and general $4,160 · fundraising $3,467

  • 16 · Occupancy

    total $19,347 · program services $11,746 · management and general $4,146 · fundraising $3,455

  • 22 · Depreciation, depletion and amortization

    total $1,860 · management and general $1,860

  • 23 · Insurance

    total $12,914 · program services $3,080 · management and general $9,834

  • 24a · Other expenses: SPECIAL PROJECTS

    total $156,554 · program services $98,063 · management and general $25,653 · fundraising $32,838

  • 24b · Other expenses: PROGRAMS

    total $33,570 · program services $33,570

  • 24c · Other expenses: LAND STEWARDSHIP

    total $33,036 · program services $33,036

  • 24d · Other expenses: DIRECTOR'S BUDGETS

    total $27,762 · program services $12,792 · management and general $12,648 · fundraising $2,322

  • 24e · All other expenses

    total $42,761 · program services $40,761 · management and general $2,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $92,363 · end of year $204,549

  • 2 · Savings and temporary cash investments

    beginning of year $362,527 · end of year $193,984

  • 3 · Pledges and grants receivable

    beginning of year $236,291 · end of year $179,833

  • 4 · Accounts receivable

    end of year $9,265

  • 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

    $8,300,149

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

    $16,873

  • 10c · Land, buildings and equipment, net

    beginning of year $8,147,537 · end of year $8,283,276

  • 11 · Investments: publicly traded securities

    beginning of year $3,973,561 · end of year $4,531,228

  • 17 · Accounts payable and accrued expenses

    beginning of year $49,518 · end of year $35,236

  • 25 · Other liabilities

    beginning of year $514,679 · end of year $457,190

  • 27 · Net assets without donor restrictions

    beginning of year $8,884,693 · end of year $9,338,740

  • 28 · Net assets with donor restrictions

    beginning of year $3,368,263 · end of year $3,575,843

Mission and programs · 2023

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 $491,312

As filed on the 2023 return.

Listed in Part VII

  • Russel Kittleson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Marianne Barry

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • Marty Makinen

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Holly Angileri

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Gregory Adams

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jan Antalis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bob Flynn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mary Ellen Geist

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Laurel McAteer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • George Peck

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tom Saeli

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John Fettig

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mary Ann Smith

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Josephine Roberts

    2023 EXEC. D

    Total calculated
    $117,336
    From this org
    $113,952
    From related orgs
    $0
    Other
    $3,384
    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
4 November 2024
IRS schema version
2023v5.0
Source object
202423139349303292

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