Friends Of The Lost River Inc in Bowling Green, Kentucky (KY)

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Friends Of The Lost River Inc
Employer Identification Number (EIN)611198452
Name of OrganizationFriends Of The Lost River Inc
In Care of NameRho Lansden
Address2818 Nashville Rd, Bowling Green, KY 42101-4041
ActivitiesPreservation of natural resources (conservation)
SubsectionCharitable Organization
Ruling Date02/1992
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$1,000,000 to $4,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$4,587,787
Amount of Income$1,098,358
Form 990 Revenue Amount$911,782
National Taxonomy of Exempt Entities (NTEE)Environmental Quality, Protection and Beautification: Water Resource, Wetlands Conservation and Management


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Amount of income in 2013: $1,098,358
Friends Of The Lost River Inc: 

 $1,098,358
Other organizations performing similar types of work: 

 $86,290

Assets in 2013: $4,587,787
Friends Of The Lost River Inc: 

 $4,587,787
Other organizations performing similar types of work: 

 $227,460

Expenses in 2012: $1,038,639
Friends Of The Lost River Inc: 

 $1,038,639
Other organizations performing similar types of work: 

 $65,789

Income to expenses ratio in 2012: 1.1
This organization: 

 1.1
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2007: 47.8%
Friends Of The Lost River Inc: 

 47.8%
Other organizations performing similar types of work: 

 80.2%

Grants share in income in 2012: 4.4%
Friends Of The Lost River Inc: 

 4.4%
Other organizations performing similar types of work: 

 50.6%

Financial snapshot ($)

Revenue for 2012

Functional expenses for 2012

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$1,042,182
Contributions, Gifts, Grants and Other Similar Amounts$45,990
Program Service Revenue$761,069
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$5,324
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$51,270
Gross rents (Real / Personal)$59,171 / $0
Less: rental expenses (Real / Personal)$7,901 / $0
Rental income or (loss) (Real / Personal)$51,270 / $0
Net loss from sales of assets other than inventory$-538
Gross amount from sales of assets other than inventory (Securities / Other)$0 / $0
Less: cost or other basis and sales expenses (Securities / Other)$0 / $538
Gain or (loss) (Securities / Other)$0 / $-538
Net income from fundraising events$7,158
Gross income from fundraising events$16,306
Less: direct expenses$9,148
Net income from gaming activities$0
Net income from sales of inventory$171,909
Gross sales of inventory, less returns and allowances$357,168
Less: cost of goods sold$185,259
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2012)
Total functional expenses$1,038,639
Compensation of current officers, directors, trustees, and key employees$88,885
Other salaries and wages$408,416
Payroll taxes$42,642
Professional fundraising services$0
Other$498,696
Balance Sheet (for 2012)
Total assets$4,685,425
Total liabilities$772,659
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$670,658
Unsecured notes and loans payable to unrelated third parties$47,250
Other$54,751
Total net assets or fund balances$3,912,766
Retained earnings, endowment, accumulated income, or other funds$3,912,766
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Support Schedule for Organizations Described in Section 509(a)(2) (for 2012)
2008 - 2012 Total
Total support$5,469,525
Gifts, grants, contributions, and membership fees received$599,064
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$3,274,753
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$246,847
Other$1,348,861
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20032004200520062007
Total revenue$884,911$745,812$803,805$1,742,554$1,578,143
Contributions, gifts, grants, and similar amounts received$496,251$176,111$55,406$916,783$570,890
Contributions to donor advised funds$0$0
Direct public support$496,251$176,111$55,406$36,447$8,190
Indirect public support$0$0$0$1,000$1,000
Government contributions (grants)$0$0$0$879,336$561,700
Program service revenue including government fees and contracts$302,950$446,162$602,634$661,641$804,325
Membership dues and assessments$3,235$5,993$7,866$4,730$3,475
Interest on savings and temporary cash investments$370$1,134$7,007$20,504$36,096
Dividends and interest from securities$0$0$0$0$0
Net rental income or (loss)$11,301$9,478$16,698$12,294$19,315
Gross rents$11,301$11,580$21,777$15,650$25,016
Less: rental expenses$0$2,102$5,079$3,356$5,701
Other investment income$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$-450$0$104$0$0
Gross amount from sales of assets other than inventory$450,000$0$2,200$0$0
Less: cost or other basis and sales expenses$450,450$0$2,096$0$0
Net income or (loss) from special events and activities$15,989$15,686$15,332$11,150$12,633
Gross revenue$26,471$27,603$26,098$22,536$22,889
Less: direct expenses other than fundraising expenses$10,482$11,917$10,766$11,386$10,256
Gross profit or (loss) from sales of inventory$55,265$91,248$98,758$115,452$131,409
Gross sales of inventory, less returns and allowances$128,361$186,244$212,205$232,067$268,360
Less: cost of goods sold$73,096$94,996$113,447$116,615$136,951
Other revenue$0$0$0$0$0
Total expenses$336,324$422,414$599,205$659,742$672,631
Program services$114,436$170,988$229,666$292,218$321,537
Management and general$203,188$224,505$339,502$317,723$298,394
Fundraising$18,700$26,921$30,037$49,801$52,700
Payments to affiliates$0$0$0$0$0
Net assets or fund balances at end of year$880,967$1,204,365$1,408,965$2,491,777$3,397,289
Excess or (deficit) for the year$548,587$323,398$204,600$1,082,812$905,512
Net assets or fund balances at beginning of year$332,380$880,967$1,204,365$1,408,965$2,491,777
Other changes in net assets or fund balances$0$0$0$0$0
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$672,631$321,537$298,394$52,700
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$69,305$0$69,305$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$248,835$183,839$64,996$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$9,113$0$9,113$0
Payroll taxes$26,862$15,738$11,124$0
Professional fundraising fees$0$0$0$0
Accounting fees$9,775$0$9,775$0
Legal fees$0$0$0$0
Supplies$7,851$0$7,851$0
Telephone$4,425$0$4,425$0
Postage and shipping$0$0$0$0
Occupancy$0$0$0$0
Equipment rental and maintenance$64,089$64,089$0$0
Printing and publications$16,824$16,824$0$0
Travel$4,432$0$4,432$0
Conferences, conventions, and meetings$1,903$0$1,903$0
Interest$52,090$0$52,090$0
Depreciation, depletion, etc.$37,755$0$37,755$0
Other expenses not covered above$119,372$41,047$25,625$52,700
Balance Sheets
20032004200520062007
Total assets$1,975,587$2,853,635$3,121,756$3,358,398$4,256,764
Cash - non-interest-bearing$118,532$157,045$116,888$134,541$265,952
Savings and temporary cash investments$3,614$128,487$385,133$605,287$840,944
Accounts receivable less allowance for doubtful accounts$464$1,570$20,497$20,712$2,463
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0
Grants receivable$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$370$0$97$150$43
Inventories for sale or use$49,189$56,518$59,312$64,673$66,745
Prepaid expenses and deferred charges$5,876$14,047$14,282$8,774$7,995
Investments - publicly-traded securities$0$0
Investments - other securities$0$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0
Investments - other$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$1,797,542$2,495,968$2,525,547$2,524,261$3,072,622
Other assets, including program-related investments$0$0$0$0$0
Total liabilities$1,094,620$1,649,270$1,712,791$866,621$859,475
Accounts payable and accrued expenses$6,208$3,048$68,156$6,004$5,982
Grants payable$0$0$0$0$0
Deferred revenue$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0
Mortgages and other notes payable$1,085,000$1,638,000$1,638,872$848,299$0
Other liabilities$3,412$8,222$5,763$12,318$853,493
Total liabilities and net assets/fund balances$1,975,584$2,853,635$3,121,756$3,358,398$4,256,764
Total net assets or fund balances$880,967$1,204,365$1,408,965$2,491,777$3,397,289
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20032004200520062007
Total revenue$0$0$0$0$0
Total revenue, gains, and other support per audited financial statements$0$0$0$0$0
Other expenses$0$0$0$0$0
Net unrealized gains on investments$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0
Other$0$0$0$0$0
Other revenue$0$0$0$0$0
Investment expenses$0$0$0$0$0
Other$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20032004200520062007
Total expenses$0$0$0$0$0
Total expenses and losses per audited financial statements$0$0$0$0$0
Other revenue$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0
Prior year adjustments$0$0$0$0$0
Losses$0$0$0$0$0
Other$0$0$0$0$0
Other expenses$0$0$0$0$0
Investment expenses$0$0$0$0$0
Other$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$69,305$3,600$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings16
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?No
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200611
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$199,453$807,800
Program service revenue
Program service revenue 1000000$000$0$804,325
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$3,475
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$36,096$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$19,315$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$01$12,633$0
Gross profit or (loss) from sales of inventory000000$02$131,409$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees
Support Schedule
20022003200420052006
Total$386,782$968,939$854,827$933,097$1,873,911
Gifts, grants, and contributions received$5,232$496,251$176,111$55,406$916,783
Membership fees received$6,407$3,235$5,993$7,866$4,730
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$362,771$457,782$660,009$862,714$931,894
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$12,372$11,671$12,714$7,007$20,504
Net income from unrelated business activities not included above$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0
Other income$0$0$0$104$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Friends Of The Lost River Inc2818 Nashville Rd, Bowling Green, KY 42101-4041KY1992-02$1,098,358
2Water Conservation Garden Authority12122 Cuyamaca College Dr W, El Cajon, CA 92019-4317CA1995-03$520,000
3Russian RiverkeeperPO BOX 1335, Healdsburg, CA 95448-1335CA1994-09$484,175
4Sevier Water Board Inc225 Pine Mountain Rd, Pigeon Forge, TN 37863-3321TN1996-05$459,393
5Rural Investment CorporationPO BOX 136, Lyons, NE 68038NE1997-01$437,206
6New York Federation Of Lake AssocPo Box 342, Findley Lake, NY 14736NY1991-11$288,444
7Submersible Wastewater Pump Association1866 Sheridan Road, Highland Park, IL 60035-2547IL1992-03$213,870
8Scotts Valley Water District Public Facilities Corporation2 Civic Center Dr, Scotts Valley, CA 95066-4159CA1998-05$121,583
9Theclamshell Foundation Inc C/O Rosetti Perchik29 Maidstone Park Road, East Hampton, NY 11937NY1997-09$53,687
10Kent Narrows Development Foundation425 Piney Narrows Rd, Chester, MD 21619-2401MD2013-09$40,797
11Syracuse Lake Association IncPO BOX 12, Syracuse, IN 46567-0012IN1998-12$37,716
12Licking River Valley Resource Conservation & Dev Council IncPO BOX 541, Cynthiana, KY 41031-0541KY1993-02$32,479
13Buffalo River Stewardship Foundation LtdPO BOX 55, Ponca, AR 72670-0055AR1995-10$28,887
14Mirror Lake Protective Association IncPO BOX 311, Mirror Lake, NH 03853NH1996-02$28,179
15The Harmony Project, The Harmony WarehousePob 21655, Charleston, SC 29413SC1993-02$23,112
16San Joaquin Wildlife Sanctuary IncPO BOX 57000, Irvine, CA 92619-7000CA1992-09$4,194
17Lake Andrew Improvement Association Inc202 S Andrew Dr Nw, New London, MN 56273MN1995-08$1,680
18Float Fisherman Of Virginia Foundation794 Farrar Bidge Lane, Shipman, VA 22971VA1994-06$260
19The Walter Bridge Foundation20 Linda Vista Ave, Tiburon, CA 94920-1980CA1998-01$1
20Kentucky Trout Growers Association1400 Old Mill Rd, Bradenburg, KY 40108-9346KY1986-07$0
Number of organizations performing similar types of work
Alaska2
Alabama2
Arkansas1
California12
Colorado2
Connecticut2
Florida14
Georgia1
Hawaii1
Idaho1
Illinois1
Indiana2
Kansas1
Kentucky3
Louisiana2
Massachusetts5
Maryland4
Maine1
Michigan6
Minnesota7
Mississippi3
Montana1
North Carolina2
Nebraska2
New Hampshire2
New Jersey3
Nevada2
New York4
Ohio6
Oregon1
Pennsylvania3
South Carolina1
Tennessee340
Texas2
Virginia3
Washington4
Wisconsin3
Total452

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