Civic Intelligence

Lakes Community Land Trust

EIN 20-5146017 • 501(c)3 • Spirit Lake, IA

Profile

The lakes community land trust sustains social and economic equity and a clean environment through lands held in common.

2650 Enterprise AvenueSpirit Lake, IA 51360

www.lakesclt.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2019

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2019

Net Margin

100th percentile

359%

Higher net margin than 100% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

9th percentile

-100%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2018 to 2019

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $363,662 (-100%) from 2018

Liabilities

Down

$0

Down $218,058 (-100%) from 2018

Net Assets

Down

$0

Down $145,604 (-100%) from 2018

Operations
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Down

-$41,043

Down $120,169 (-152%) from 2018

Expenses

Up

$106,304

Up $2,383 (+2.3%) from 2018

Net Income

Down

-$147,347

Down $122,552 (-494%) from 2018

Trend Graphs

Balance Sheet Trend

Asset Growth9th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2011: $1,033,816Liabilities 2011: $637,662Net Assets 2011: $396,1532011Assets 2012: $925,904Liabilities 2012: $589,811Net Assets 2012: $336,0932012Assets 2013: $925,904Liabilities 2013: $589,811Net Assets 2013: $336,0932013Assets 2014: $866,324Liabilities 2014: $413,680Net Assets 2014: $452,6442014Assets 2015: $664,194Liabilities 2015: $398,919Net Assets 2015: $265,2752015Assets 2016: $437,055Liabilities 2016: $241,368Net Assets 2016: $195,6872016Assets 2017: $400,123Liabilities 2017: $216,598Net Assets 2017: $183,5252017Assets 2018: $363,662Liabilities 2018: $218,058Net Assets 2018: $145,6042018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019

Highlighted filing

2019

Assets$0
Liabilities$0
Net Assets$0
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200KRevenue 2011: $266,760Expenses 2011: $249,772Net Income 2011: $16,9882011Revenue 2012: $201,106Expenses 2012: $223,465Net Income 2012: -$22,3592012Revenue 2013: $201,106Expenses 2013: $223,465Net Income 2013: -$22,3592013Revenue 2014: $256,321Expenses 2014: $200,935Net Income 2014: $55,3862014Revenue 2015: $70,897Expenses 2015: $199,866Net Income 2015: -$128,9692015Revenue 2016: $6,703Expenses 2016: $104,523Net Income 2016: -$97,8202016Revenue 2017: $79,978Expenses 2017: $92,140Net Income 2017: -$12,1622017Revenue 2018: $79,126Expenses 2018: $103,921Net Income 2018: -$24,7952018Revenue 2019: -$41,043Expenses 2019: $106,304Net Income 2019: -$147,3472019

Highlighted filing

2019

Revenue-$41,043
Expenses$106,304
Net Income-$147,347
Open 2019 Filing

Filings

Most recent year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
-$41,043
Expenses
$106,304
Net income
-$147,347
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.04$0.11$0.15
2018Detailed filing. Detailed filing data is available for this year.$0.36$0.22$0.15$0.08$0.10$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.40$0.22$0.18$0.08$0.09$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.44$0.24$0.20$0.01$0.10$0.10
2015Summary only. Only limited summary data is available for this year.$0.66$0.40$0.27$0.07$0.20$0.13
2014Summary only. Only limited summary data is available for this year.$0.87$0.41$0.45$0.26$0.20$0.06
2013Summary only. Only limited summary data is available for this year.$0.93$0.59$0.34$0.20$0.22$0.02
2012Summary only. Only limited summary data is available for this year.$0.93$0.59$0.34$0.20$0.22$0.02
2011Summary only. Only limited summary data is available for this year.$1.03$0.64$0.40$0.27$0.25$0.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jan 22, 2020
Return Version
2019v5.0
Gross Receipts
$291,424
Mission and Program Overview

Mission

The lakes community land trust sustains social and economic equity and a clean environment through lands held in common.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$357,697--
Rtn Earn Endowment Incm Other Fnds$145,604--
Cash and Non-Interest-Bearing Accounts$5,915--
Accounts Receivable$50--
Total Assets$363,662$0▼ $363,662
Liabilities
Mortgage Notes Payable Secured by Investment Property$194,324--
Accounts Payable and Accrued Expenses$23,734--
Total Liabilities$218,058$0▼ $218,058
Net Assets / Fund Balance
Total Net Assets Fund Balance$145,604$0▼ $145,604
Total Liabilities and Net Assets / Fund Balance$363,662$0▼ $363,662
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Keith BrockmeyerPresident
Laurie RufDirector
Lauri HolbrookSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$19,613
Investment Income
$-60,906
Other Revenue
$250
Change in Net Assets
$-147,347
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$39,146
Other Expenses$35,866
Salaries, Compensation, and Employee Benefits$31,292
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$20,000--$20,000
Grants to Domestic Orgs$19,146--$19,146
Other Salaries and Wages-$15,000-$15,000
Comp Disqual Persons$13,498--$13,498
Interest$11,783--$11,783
Office Expenses-$5,649-$5,649
Depreciation Depletion$3,921$1,308-$5,229
Fees for Services Legal-$4,225-$4,225
Other Employee Benefits$2,004--$2,004
Insurance$1,295$648-$1,943
Information Technology-$1,210-$1,210
Payroll Taxes$527$263-$790
Other Expenses$240$726-$240
Advertising$168--$168
Travel-$147-$147
All Other Expenses-$14-$14
Total Functional Expenses$77,114$29,190$0$106,304
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Nw Ia Corridor Habitat for HumanitySpirit Lake, IA--$19,146
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Board will review and approve filing of form 990 before submission. The form 990 is available at the office site at 2650 enterprise ave, spirit lake, ia 51360.”

Form 990, Page 6, Part VI, Line 12C

“Conflict of interest policy is reviewed by the board of directors annually. The documents are filed in the office of the lakes community land trust at 2650 enterprise ave, spirit lake, ia 51360.”

Form 990, Page 6, Part VI, Line 15A

“Annual review of the executive director responsibilities and compensation is completed by the board of directors.”

Form 990, Page 6, Part VI, Line 19

“Documents available upon request.”

Filing and Contact Details

Filer

Filer Name
Lakes Community Land Trust
EIN
20-5146017
Phone
7123361068
Address
2650 ENTERPRISE AVENUE, SPIRIT LAKE, IA 51360

Signing Officer

Name
Keith Brockmeyer
Title
President
Phone
7123361068
Signed
2020-01-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Keith Brockmeyer
Formed
2006
Legal Domicile
Ia
Voting Board Members
3
Independent Board Members
3
Employees
2
Volunteers
20

Preparer

Firm
Erpelding Voigt & Co Llp
Address
1801 HWY 71 NORTH, OKOBOJI, IA 51355
Preparer
Brian L Sohn
Phone
7123322443
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Donate remaining cash and land to organization with similar purpose as lakes community land trust is disolving.”

Raw XML Appendix372 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/IndependentVotingMemberCnt03
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IRS990/IRPDocumentCnt00
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt020000
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt119146
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0COST
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt1COST
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm0SU CHA MOFFITT
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm1NW IA CORRIDOR HABITAT FOR HUMANITY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt0610 20TH STREET
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt1PO BOX 754
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0SPIRIT LAKE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm1SPIRIT LAKE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0IA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd1IA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd051360
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IRS990ScheduleN/ReceiveCompensationInd0false
IRS990ScheduleN/RequiredToNotifyAGInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DONATE REMAINING CASH AND LAND TO ORGANIZATION WITH SIMILAR PURPOSE AS LAKES COMMUNITY LAND TRUST IS DISOLVING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD WILL REVIEW AND APPROVE FILING OF FORM 990 BEFORE SUBMISSION. THE FORM 990 IS AVAILABLE AT THE OFFICE SITE AT 2650 ENTERPRISE AVE, SPIRIT LAKE, IA 51360.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICT OF INTEREST POLICY IS REVIEWED BY THE BOARD OF DIRECTORS ANNUALLY. THE DOCUMENTS ARE FILED IN THE OFFICE OF THE LAKES COMMUNITY LAND TRUST AT 2650 ENTERPRISE AVE, SPIRIT LAKE, IA 51360.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANNUAL REVIEW OF THE EXECUTIVE DIRECTOR RESPONSIBILITIES AND COMPENSATION IS COMPLETED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0true
IRS990/TotalAssetsBOYAmt0363662
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IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt029190
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt077114
IRS990/TotalFunctionalExpensesGrp/TotalAmt0106304
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0218058
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt0218058
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0145604
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherProgSrvcExpenseAmt039146
IRS990/TotalOtherProgSrvcGrantAmt039146
IRS990/TotalProgramServiceExpensesAmt077114
IRS990/TotalProgramServiceRevenueAmt019613
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-41043
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0-41043
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0363662
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0147
IRS990/TravelGrp/TotalAmt0147
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03113 PINEWOOD DRIVE
IRS990/USAddress/CityNm0SPIRIT LAKE
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd051360
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.LAKESCLT.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-11-06 18:47:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KEITH BROCKMEYER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07123361068
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-01-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAKES COMMUNITY LAND TRUST
ReturnHeader/Filer/BusinessNameControlTxt0LAKE
ReturnHeader/Filer/EIN0205146017
ReturnHeader/Filer/PhoneNum07123361068
ReturnHeader/Filer/USAddress/AddressLine1Txt02650 ENTERPRISE AVENUE
ReturnHeader/Filer/USAddress/CityNm0SPIRIT LAKE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd051360
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId03CE79A3D2AE7C7AE470A0D9971C029EADF0DA0EB
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId03CE79A3D2AE7C7AE470A0D9971C029EADF0DA0EB
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt069.57.16.31
ReturnHeader/FilingSecurityInformation/IPDt02020-02-07
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm009:32:54
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0421125381
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ERPELDING VOIGT & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01801 HWY 71 NORTH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OKOBOJI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd051355
ReturnHeader/PreparerPersonGrp/PhoneNum07123322443
ReturnHeader/PreparerPersonGrp/PreparationDt02020-02-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRIAN L SOHN
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02020-02-07T09:32:54-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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