Civic Intelligence

Lost Lake Run Inc.

990 • Fiscal year 2018 • EIN 20-5812503

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 18, 2019

PO Box 241367Anchorage, AK 99524-1367

(907) 563-3474

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

47th percentile

1.9%

Higher net margin than 47% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

77th percentile

$2,500

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

88th percentile

69%

Faster asset growth than 88% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

37th percentile

-7.8%

Faster revenue growth than 37% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$11,098

Up $4,535 (+69%) from 2017

Net Assets

Up

$11,098

Up $4,535 (+69%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Down

$235,957

Down $19,862 (-7.8%) from 2017

Expenses

Down

$231,422

Down $20,118 (-8.0%) from 2017

Net Income

Up

$4,535

Up $256 (+6.0%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60K$40K$20K$0Assets 2011: $3,623Net Assets 2011: $3,6232011Assets 2012: $1,487Net Assets 2012: $1,4872012Assets 2013: $4,401Net Assets 2013: $4,4012013Assets 2014: $6,606Liabilities 2014: $0Net Assets 2014: $6,6062014Assets 2015: $5,049Liabilities 2015: $0Net Assets 2015: $5,0492015Assets 2016: $2,284Liabilities 2016: $0Net Assets 2016: $2,2842016Assets 2017: $6,563Liabilities 2017: $0Net Assets 2017: $6,5632017Assets 2018: $11,098Liabilities 2018: $0Net Assets 2018: $11,0982018Assets 2019: $10,470Liabilities 2019: $1,126Net Assets 2019: $9,3442019Assets 2020: $50,292Liabilities 2020: $22,010Net Assets 2020: $28,2822020Assets 2021: $17,568Liabilities 2021: $14,740Net Assets 2021: $2,8282021Assets 2022: $20,352Liabilities 2022: $14,740Net Assets 2022: $5,6122022Assets 2023: $7,100Liabilities 2023: $0Net Assets 2023: $7,1002023Assets 2024: $16,315Liabilities 2024: $0Net Assets 2024: $16,3152024

Highlighted filing

2018

Assets$11,098
Liabilities$0
Net Assets$11,098

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2011: $104,388Expenses 2011: $105,520Net Income 2011: -$1,1322011Revenue 2012: $119,133Expenses 2012: $121,270Net Income 2012: -$2,1372012Revenue 2013: $120,367Expenses 2013: $117,455Net Income 2013: $2,9122013Revenue 2014: $180,802Expenses 2014: $178,597Net Income 2014: $2,2052014Revenue 2015: $189,499Expenses 2015: $191,056Net Income 2015: -$1,5572015Revenue 2016: $198,608Expenses 2016: $201,373Net Income 2016: -$2,7652016Revenue 2017: $255,819Expenses 2017: $251,540Net Income 2017: $4,2792017Revenue 2018: $235,957Expenses 2018: $231,422Net Income 2018: $4,5352018Revenue 2019: $276,479Expenses 2019: $278,233Net Income 2019: -$1,7542019Revenue 2020: $69,070Expenses 2020: $50,132Net Income 2020: $18,9382020Revenue 2021: $101,487Expenses 2021: $126,941Net Income 2021: -$25,4542021Revenue 2022: $181,259Expenses 2022: $178,475Net Income 2022: $2,7842022Revenue 2023: $199,231Expenses 2023: $197,743Net Income 2023: $1,4882023Revenue 2024: $231,194Expenses 2024: $221,979Net Income 2024: $9,2152024

Highlighted filing

2018

Revenue$235,957
Expenses$231,422
Net Income$4,535
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 18, 2019
Return Version
2018v3.1
Gross Receipts
$280,301
Mission and Program Overview

Mission

To raise public awareness of cystic fibrosis and provide financial support for cystic fibrosis programs by sponsoring an annual runners' race.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$6,563$11,098▲ $4,535
Total Assets$6,563$11,098▲ $4,535
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$6,563$11,098▲ $4,535
Total Net Assets Fund Balance$6,563$11,098▲ $4,535
Total Liabilities and Net Assets / Fund Balance$6,563$11,098▲ $4,535
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Patrick K SimpsonPresidentPT$2,500$2,500

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$235,957
Change in Net Assets
$4,535
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$220,000
Other Expenses$8,922
Salaries, Compensation, and Employee Benefits$2,500
Total Fundraising Expense$760
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$220,000--$220,000
Current Officers, Directors, Trustees, and Key Employees-$2,500-$2,500
All Other Expenses-$1,252-$1,252
Advertising--$760$760
Other Expenses-$617-$617
Total Functional Expenses$220,000$10,662$760$231,422
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Cystic Fibrosis FoundationAnchorage, AK501c3Cystic Fibrosis$220,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$280,301
Fundraising Direct Expenses$44,344
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Lost Lake Run$280,301$280,301$44,344$235,957
Total Events$280,301$280,301$44,344$235,957
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-100%SHAREHOLDERConsulting FeesNo$2,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Patrick k. Simpson kelly simpson president director father

Form 990, Page 6, Part VI, Line 3

PKS CONSULTING, INC.

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

The president reviews the form 990 with the organization's tax preparer to determine that all reporting requirements have been met and that the return is accurate.

Form 990, Page 6, Part VI, Line 19

Governing documents, policies, and financial information are available to the public upon request as disclosed on the organization's website.

Filing and Contact Details

Filer

Filer Name
Lost Lake Run Inc
EIN
20-5812503
Phone
9075633474
Address
PO BOX 241367, ANCHORAGE, AK 99524-1367

Signing Officer

Name
Patrick K Simpson
Title
President
Phone
9075633474
Signed
2019-11-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patrick K Simpson
Formed
2007
Legal Domicile
Ak
Voting Board Members
12
Independent Board Members
11
Employees
0
Volunteers
62

Preparer

Firm
Stevens Group Cpas Pc
Address
471 W 36TH AVENUE STE 202, ANCHORAGE, AK 99503
Preparer
William R Gray Iii CPA
Phone
9075623968
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PATRICK K. SIMPSON KELLY SIMPSON PRESIDENT DIRECTOR FATHER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PKS CONSULTING, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PRESIDENT REVIEWS THE FORM 990 WITH THE ORGANIZATION'S TAX PREPARER TO DETERMINE THAT ALL REPORTING REQUIREMENTS HAVE BEEN MET AND THAT THE RETURN IS ACCURATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL INFORMATION ARE AVAILABLE TO THE PUBLIC UPON REQUEST AS DISCLOSED ON THE ORGANIZATION'S WEBSITE.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
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ReturnHeader/BuildTS02020-03-31 21:24:44Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0PATRICK K SIMPSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09075633474
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LOST LAKE RUN INC
ReturnHeader/Filer/BusinessNameControlTxt0LOST
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ReturnHeader/Filer/PhoneNum09075633474
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0209.112.170.95
ReturnHeader/FilingSecurityInformation/IPDt02019-11-18
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm018:08:45
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0814028160
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0STEVENS GROUP CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0471 W 36TH AVENUE STE 202
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ANCHORAGE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd099503
ReturnHeader/PreparerPersonGrp/PhoneNum09075623968
ReturnHeader/PreparerPersonGrp/PreparationDt02019-11-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM R GRAY III CPA
ReturnHeader/ReturnTs02019-11-18T18:08:45-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.16$0.00$0.16$2.31$2.22$0.09
2023Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.07$1.99$1.98$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.20$0.15$0.06$1.81$1.78$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.18$0.15$0.03$1.01$1.27$0.25
2020Detailed filing. Detailed filing data is available for this year.$0.50$0.22$0.28$0.69$0.50$0.19
2019Detailed filing. Detailed filing data is available for this year.$0.10$0.01$0.09$2.76$2.78$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.11$2.36$2.31$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.07$2.56$2.52$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$1.99$2.01$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$1.89$1.91$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.07$1.81$1.79$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.04$0.04$1.20$1.17$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.01$1.19$1.21$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.04$0.04$1.04$1.06$0.01