Civic Intelligence

Higgins Lake Foundation

EIN 38-2864400 • 501(c)3 • Roscommon, MI

Pub. 78 Eligible

Profile

To preserve and enhance higgins lake as a public recreation facility.

PO Box 753Roscommon, MI 48653

www.higginslake-foundation.org

Siviq Scores

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

Liabilities / Assets

21st percentile

0.00x

Higher debt load relative to assets than 21% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

25th percentile

0.00x

Higher debt load relative to revenue than 25% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

82nd percentile

32%

Higher net margin than 82% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

54th percentile

$13,552

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 10.2% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

68th percentile

12%

Faster asset growth than 68% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

77th percentile

32%

Faster revenue growth than 77% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Assets

Up

$2,428,195

Up $263,374 (+12%) from 2023

Liabilities

Down

$1,939

Down $230 (-11%) from 2023

Net Assets

Up

$2,426,256

Up $263,604 (+12%) from 2023

Revenue

Up

$410,917

Up $214,044 (+109%) from 2023

Expenses

Up

$277,635

Up $73,766 (+36%) from 2023

Net Income

Up

$133,282

Up $140,278 (+2005%) from 2023

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,422,474Liabilities 2011: $640Net Assets 2011: $1,421,8342011Assets 2012: $1,496,598Liabilities 2012: $552Net Assets 2012: $1,496,0462012Assets 2013: $1,962,837Liabilities 2013: $799Net Assets 2013: $1,962,0382013Assets 2014: $1,966,218Liabilities 2014: $2,404Net Assets 2014: $1,963,8142014Assets 2015: $1,827,473Liabilities 2015: $2,534Net Assets 2015: $1,824,9392015Assets 2016: $1,841,595Liabilities 2016: $1,343Net Assets 2016: $1,840,2522016Assets 2017: $2,077,615Liabilities 2017: $3,986Net Assets 2017: $2,073,6292017Assets 2018: $1,799,685Liabilities 2018: $2,515Net Assets 2018: $1,797,1702018Assets 2019: $2,062,865Liabilities 2019: $2,948Net Assets 2019: $2,059,9172019Assets 2020: $2,304,886Liabilities 2020: $1,427Net Assets 2020: $2,303,4592020Assets 2021: $2,531,718Liabilities 2021: $30,341Net Assets 2021: $2,501,3772021Assets 2022: $1,943,049Liabilities 2022: $1,981Net Assets 2022: $1,941,0682022Assets 2023: $2,164,821Liabilities 2023: $2,169Net Assets 2023: $2,162,6522023Assets 2024: $2,428,195Liabilities 2024: $1,939Net Assets 2024: $2,426,2562024

Highlighted filing

2024

Assets$2,428,195
Liabilities$1,939
Net Assets$2,426,256

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $116,758Expenses 2011: $109,947Net Income 2011: $6,8112011Revenue 2012: $116,078Expenses 2012: $74,244Net Income 2012: $41,8342012Revenue 2013: $418,866Expenses 2013: $104,369Net Income 2013: $314,4972013Revenue 2014: $135,877Expenses 2014: $176,293Net Income 2014: -$40,4162014Revenue 2015: $137,908Expenses 2015: $214,996Net Income 2015: -$77,0882015Revenue 2016: $125,345Expenses 2016: $168,424Net Income 2016: -$43,0792016Revenue 2017: $133,286Expenses 2017: $166,764Net Income 2017: -$33,4782017Revenue 2018: $127,208Expenses 2018: $208,840Net Income 2018: -$81,6322018Revenue 2019: $154,784Expenses 2019: $221,039Net Income 2019: -$66,2552019Revenue 2020: $170,161Expenses 2020: $136,958Net Income 2020: $33,2032020Revenue 2021: $196,924Expenses 2021: $247,586Net Income 2021: -$50,6622021Revenue 2022: $237,267Expenses 2022: $332,955Net Income 2022: -$95,6882022Revenue 2023: $196,873Expenses 2023: $203,869Net Income 2023: -$6,9962023Revenue 2024: $410,917Expenses 2024: $277,635Net Income 2024: $133,2822024

Highlighted filing

2024

Revenue$410,917
Expenses$277,635
Net Income$133,282

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.43$0.00$2.43$0.41$0.28$0.13
2023Detailed filing. Detailed filing data is available for this year.$2.16$0.00$2.16$0.20$0.20$0.01
2022Detailed filing. Detailed filing data is available for this year.$1.94$0.00$1.94$0.24$0.33$0.10
2021Detailed filing. Detailed filing data is available for this year.$2.53$0.03$2.50$0.20$0.25$0.05
2020Detailed filing. Detailed filing data is available for this year.$2.30$0.00$2.30$0.17$0.14$0.03
2019Detailed filing. Detailed filing data is available for this year.$2.06$0.00$2.06$0.15$0.22$0.07
2018Detailed filing. Detailed filing data is available for this year.$1.80$0.00$1.80$0.13$0.21$0.08
2017Detailed filing. Detailed filing data is available for this year.$2.08$0.00$2.07$0.13$0.17$0.03
2016Detailed filing. Detailed filing data is available for this year.$1.84$0.00$1.84$0.13$0.17$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.83$0.00$1.82$0.14$0.21$0.08
2014Summary only. Only limited summary data is available for this year.$1.97$0.00$1.96$0.14$0.18$0.04
2013Summary only. Only limited summary data is available for this year.$1.96$0.00$1.96$0.42$0.10$0.31
2012Summary only. Only limited summary data is available for this year.$1.50$0.00$1.50$0.12$0.07$0.04
2011Summary only. Only limited summary data is available for this year.$1.42$0.00$1.42$0.12$0.11$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 13, 2025
Return Version
2024v5.0
Gross Receipts
$410,917
Mission and Program Overview

Mission

To preserve and enhance higgins lake as a public recreation facility.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,908,427$2,050,640▲ $142,213
Cash and Non-Interest-Bearing Accounts$95,819$194,059▲ $98,240
Savings and Temporary Cash Investments$160,109$183,296▲ $23,187
Land, Buildings, and Equipment, Net$466$200▼ $266
Total Assets$2,164,821$2,428,195▲ $263,374
Liabilities
Accounts Payable and Accrued Expenses$2,169$1,939▼ $230
Total Liabilities$2,169$1,939▼ $230
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,143,119$2,413,333▲ $270,214
Net Assets With Donor Restrictions$19,533$12,923▼ $6,610
Total Net Assets Fund Balance$2,162,652$2,426,256▲ $263,604
Total Liabilities and Net Assets / Fund Balance$2,164,821$2,428,195▲ $263,374

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$200$11,244$11,444
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Denise BeckerExecutive DiPT$7,989$7,989

Board Members and Trustees

NameTitle
Vicki SpringsteadChair
Rick MeeksVice Chair
Bill BakerTrustee
Brad BaerlocherTrustee
Jim KirschTrustee
John BartaTrustee
Nancy LambTrustee
Sara AlmirallTrustee
Scott McnamaraTrustee
Bob BlamerSecretary
Daniel DeckerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$308,979
Program Service Revenue
$43,148
Investment Income
$58,790
Other Revenue
$0
All Other Contributions
$308,979
Change in Net Assets
$133,282
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$231,818
Salaries, Compensation, and Employee Benefits$45,817
Total Fundraising Expense$13,679
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$12,444$20,739$8,296$41,479
Fees for Service Investment Mgmnt Fees-$35,721-$35,721
Other Expenses$18,841--$18,841
Advertising$12,982$2,775$2,786$18,543
Occupancy-$17,884-$17,884
Office Expenses$4,473$6,894$1,730$13,097
Payroll Taxes$1,302$2,169$867$4,338
Insurance-$3,592-$3,592
Fees for Services Legal-$2,485-$2,485
Total Functional Expenses$171,697$92,259$13,679$277,635
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
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
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
No

Governance Explanations

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

Return is submitted to treasurer and president for review and submission to irs. Board also had opportunity to review.

Form 990, Page 6, Part VI, Line 19

The foundation has a website which includes organizational information and a contact page for requesting any additional information.

Filing and Contact Details

Filer

Filer Name
Higgins Lake Foundation
EIN
38-2864400
Phone
9892759183
Address
PO BOX 753, ROSCOMMON, MI 48653

Signing Officer

Name
Vicki Springstead
Title
Chair
Phone
9892759183
Signed
2025-10-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Vicki Springstead
Formed
1989
Legal Domicile
Mi
Voting Board Members
11
Independent Board Members
11
Employees
10

Preparer

Firm
Tyler J Watters Pc
Address
PO BOX 188, ROSCOMMON, MI 48653
Preparer
Tyler J Watters CPA
Phone
5172857295
Supplemental Narrative

Additional Explanations

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

Promotion of information related to water quality and preservation.

Form 990, Part XI, Line 9

Book / tax depreciation difference -266

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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/PYContributionsGrantsAmt0116994
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt052947
IRS990/PYOtherExpensesAmt0149869
IRS990/PYProgramServiceRevenueAmt026932
IRS990/PYRevenuesLessExpensesAmt0-6996
IRS990/PYSalariesCompEmpBnftPaidAmt054000
IRS990/PYTotalExpensesAmt0203869
IRS990/PYTotalRevenueAmt0196873
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0133282
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0160109
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0183296
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0127,702
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0308979
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0116994
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0137340
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0102605
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0111026
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0776944
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt054888
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt054537
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt043186
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0152611
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0166625
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt043148
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt026932
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt045039
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt039782
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt015949
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0170850
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IRS990ScheduleA/PublicSupportPY170Pct00.60160
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0137340
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0102605
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0111026
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0776944
IRS990ScheduleA/TotalSupportAmt01100405
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/EquipmentGrp/BookValueAmt0200
IRS990ScheduleD/EquipmentGrp/DepreciationAmt011244
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt011444
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0200
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROMOTION OF INFORMATION RELATED TO WATER QUALITY AND PRESERVATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1RETURN IS SUBMITTED TO TREASURER AND PRESIDENT FOR REVIEW AND SUBMISSION TO IRS. BOARD ALSO HAD OPPORTUNITY TO REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION HAS A WEBSITE WHICH INCLUDES ORGANIZATIONAL INFORMATION AND A CONTACT PAGE FOR REQUESTING ANY ADDITIONAL INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOOK / TAX DEPRECIATION DIFFERENCE -266
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 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/EOYAmt02428195
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0308979
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt013679
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt092259
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0171697
IRS990/TotalFunctionalExpensesGrp/TotalAmt0277635
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02169
IRS990/TotalLiabilitiesEOYAmt01939
IRS990/TotalLiabilitiesGrp/BOYAmt02169
IRS990/TotalLiabilitiesGrp/EOYAmt01939
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02162652
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02426256
IRS990/TotalOtherProgSrvcExpenseAmt018841
IRS990/TotalProgramServiceExpensesAmt0171697
IRS990/TotalProgramServiceRevenueAmt043148
IRS990/TotalReportableCompFromOrgAmt07989
IRS990/TotalRevenueGrp/ExclusionAmt043148
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt058790
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0410917
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02164821
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02428195
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0103 SAGINAW AVE
IRS990/USAddress/CityNm0ROSCOMMON
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048653
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.HIGGINSLAKE-FOUNDATION.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0VICKI SPRINGSTEAD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum09892759183
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HIGGINS LAKE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0HIGG
ReturnHeader/Filer/EIN0382864400
ReturnHeader/Filer/PhoneNum09892759183
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 753
ReturnHeader/Filer/USAddress/CityNm0ROSCOMMON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048653
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0832739520
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TYLER J WATTERS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 188
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ROSCOMMON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd048653
ReturnHeader/PreparerPersonGrp/PhoneNum05172857295
ReturnHeader/PreparerPersonGrp/PreparationDt02025-10-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TYLER J WATTERS CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-10-14T15:16:08-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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