Lake Vermilion Resort Association in Cook, Minnesota (MN)
Table of contents:
| Lake Vermilion Resort Association | |
| Employer Identification Number (EIN) | 411481722 |
| Name of Organization | Lake Vermilion Resort Association |
| Address | PO BOX 159, Cook, MN 55723-0159 |
| Subsection | Chamber of Commerce |
| Ruling Date | 12/2005 |
| Deductibility | Contributions are not deductible |
| Foundation | All organizations except 501(c)(3) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 09/2014 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $111,812 |
| Amount of Income | $154,160 |
| Form 990 Revenue Amount | $154,160 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Promotion of Business |
Non-representatives - add comments:
Amount of income in 2014: $154,160 (it was $196,451 in 2013)
| Lake Vermilion Resort Association: | $154,160 |
| Other organizations performing similar types of work: | $88,861 |
Assets in 2014: $111,812 (it was $177,227 in 2013)
| This organization: | $111,812 |
| Other organizations performing similar types of work: | $51,691 |
Expenses in 2014: $219,748
| Lake Vermilion Resort Association: | $219,748 |
| Other organizations performing similar types of work: | $80,127 |
Income to expenses ratio in 2014: 0.7
| Lake Vermilion Resort Association: | 0.7 |
| Other organizations performing similar types of work: | 0.8 |
Grants share in income in 2014: 4.9%
| Lake Vermilion Resort Association: | 4.9% |
| Other organizations performing similar types of work: | 1.0% |
Revenue for 2014
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $196,451 | $154,160 | |
| Contributions, gifts, grants, and similar amounts received | $0 | $7,500 | |
| Program service revenue including government fees and contracts | $188,560 | $144,268 | |
| Membership dues and assessments | $5,450 | $0 | |
| Investment income | $234 | $227 | |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | |
| Other revenue | $2,207 | $2,165 | |
| Total expenses | $213,116 | $219,748 | |
| Total net assets | $175,889 | $110,301 | |
| Excess/Deficit for the year | $-16,665 | $-65,588 | |
| Net assets or fund balances at beginning of year | $192,554 | $175,889 | |
| Other changes in net assets or fund balances | $0 | $0 | |
| Net assets or fund balances at end of year | $175,889 | $110,301 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $193,600 | $177,227 | $111,812 |
| Total liabilities | $1,046 | $1,338 | $1,511 |
| Net assets or fund balances | $175,889 | $110,301 | |
| Other Information | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | Yes | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | |
| Has the organization filed a Form 990-T for the year? | No | No | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | |
| Gross receipts for public use of club facilities | $0 | $0 | |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No |
| Reason for Public Charity Status (for 2014) | |
| The organization is not a private foundation because it is: | Not provided |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Retail Merchant Assn Of Tidewater Va Inc, Ta Retail Alliance | 838 Granby St, Norfolk, VA 23510-2051 | VA | 2008-09 | $17,149,516 |
| 2 | San Joaquin Valley Winegrowers Association | 7030 N Fruit Avenue, Fresno, CA 93711-0782 | CA | 2008-11 | $175,202 |
| 3 | 441 Heritage Corridor Inc | 300 North Thomas Street, Athens, GA 30601 | GA | 2000-07 | $56,377 |
| 4 | Society Of Corporate Compliance And Ethics & Health Care Compliance, Association | 6500 Barrie Rd Ste 250, Minneapolis, MN 55435-2358 | MN | 2012-09 | $26,194,787 |
| 5 | Saint Paul Rivercentre Convention And Visitors Authority | 175 Kellogg Blvd W Ste 502, Saint Paul, MN 55102-1227 | MN | 2006-07 | $15,089,786 |
| 6 | Minneapolis Downtown Improvement District | 81 S 9th St Ste 260, Minneapolis, MN 55402-3266 | MN | 2009-05 | $6,337,990 |
| 7 | Ultraecho Ltd | 2710 Briar Ct Sw, Rochester, MN 55902-1141 | MN | 2005-03 | $1,333,459 |
| 8 | Nacm North Central, Forius Nacm North Central | 8441 Wayzata Blvd Ste 270, Golden Valley, MN 55426-1368 | MN | 2013-03 | $1,097,097 |
| 9 | Minnesota Metro North Tourism | 10801 Town Square Drive, Blaine, MN 55449-8100 | MN | 2012-04 | $785,713 |
| 10 | United For Jobs | 400 Robert St N Ste 1500, Saint Paul, MN 55101-2030 | MN | 2014-08 | $732,000 |
| 11 | St Louis Park Convention And Visitors Bureau | 1660 Highway 100 S Ste 132, St Louis Park, MN 55416-1548 | MN | 2012-01 | $729,610 |
| 12 | Roseville Visitors Association | 1700 Highway 36 W Ste 405, Roseville, MN 55113-4089 | MN | 2000-02 | $646,039 |
| 13 | International Alliance Of Law Firms | 527 Marquette Ave Ste 1925, Minneapolis, MN 55402-1334 | MN | 2014-05 | $559,253 |
| 14 | Transformational Leadership Council | 2000 Plymouth Rd Ste 300, Minnetonka, MN 55305-2335 | MN | 2008-04 | $549,890 |
| 15 | Upper Midwest Security Alliance | 1360 University Ave W Ste 461, Saint Paul, MN 55104-4086 | MN | 2009-12 | $537,787 |
| 16 | Minnesota Commercial Association Of Real Estate | 6800 France Ave S Suite 760, Edina, MN 55435 | MN | 2010-09 | $469,987 |
| 17 | Minnesota Bio-Fuels Association Inc | 3033 Excelsior Blvd Ste 208, Minneapolis, MN 55416-4674 | MN | 2012-09 | $455,191 |
| 18 | Winona Convention And Visitors Bureau Inc | PO BOX 870, Winona, MN 55987-0870 | MN | 2007-01 | $412,757 |
| 19 | Twin Cities Diversity In Practice | 500 Ids Center 80 S 8th C/O Gray Pl, Minneapolis, MN 55402 | MN | 2007-08 | $398,432 |
| 20 | Cares Ng Development Organization | 8810 10th Ave N, Minneapolis, MN 55427-4319 | MN | 2014-12 | $346,665 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 17,957 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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