Civic Intelligence

Lake Trails Base Camp Inc.

990 • Fiscal year 2022 • EIN 41-0916005

Jan 01, 2022 to Dec 31, 2022 • Filed on Mar 11, 2023

PO Box 810Warroad, MN 56763

(218) 223-8281

Siviq Scores

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

Liabilities / Assets

67th percentile

0.01x

Higher debt load relative to assets than 67% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

79th percentile

0.06x

Higher debt load relative to revenue than 79% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

51st percentile

5.5%

Higher net margin than 51% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

32nd percentile

-9.6%

Faster asset growth than 32% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

27th percentile

-15%

Faster revenue growth than 27% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$454,008

Down $48,305 (-9.6%) from 2021

Net Assets

Down

$447,543

Down $5,242 (-1.2%) from 2021

Liabilities

Down

$6,465

Down $43,063 (-87%) from 2021

Revenue

Down

$104,478

Down $19,118 (-15%) from 2021

Expenses

Down

$98,727

Down $9,732 (-9.0%) from 2021

Net Income

Down

$5,751

Down $9,386 (-62%) from 2021

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $530,603Liabilities 2011: $2,391Net Assets 2011: $528,2122011Assets 2012: $534,300Liabilities 2012: $149Net Assets 2012: $534,1512012Assets 2013: $462,315Liabilities 2013: $1,093Net Assets 2013: $461,2222013Assets 2014: $419,818Liabilities 2014: $6,648Net Assets 2014: $413,1702014Assets 2015: $403,798Liabilities 2015: $8,853Net Assets 2015: $394,9452015Assets 2016: $411,666Liabilities 2016: $5,296Net Assets 2016: $406,3702016Assets 2017: $447,857Liabilities 2017: $5,022Net Assets 2017: $442,8352017Assets 2018: $447,120Liabilities 2018: $2,120Net Assets 2018: $445,0002018Assets 2019: $447,677Liabilities 2019: $3,304Net Assets 2019: $444,3732019Assets 2020: $425,454Liabilities 2020: $4,857Net Assets 2020: $420,5972020Assets 2021: $502,313Liabilities 2021: $49,528Net Assets 2021: $452,7852021Assets 2022: $454,008Liabilities 2022: $6,465Net Assets 2022: $447,5432022Assets 2023: $447,362Liabilities 2023: $1,471Net Assets 2023: $445,8912023Assets 2024: $444,116Liabilities 2024: $2,305Net Assets 2024: $441,8112024Assets 2025: $470,518Liabilities 2025: $5,375Net Assets 2025: $465,1432025

Highlighted filing

2022

Assets$454,008
Liabilities$6,465
Net Assets$447,543

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2011: $132,237Expenses 2011: $227,183Net Income 2011: -$94,9462011Revenue 2012: $224,128Expenses 2012: $222,728Net Income 2012: $1,4002012Revenue 2013: $135,844Expenses 2013: $217,171Net Income 2013: -$81,3272013Revenue 2014: $163,946Expenses 2014: $217,000Net Income 2014: -$53,0542014Revenue 2015: $189,192Expenses 2015: $206,462Net Income 2015: -$17,2702015Revenue 2016: $216,149Expenses 2016: $206,919Net Income 2016: $9,2302016Revenue 2017: $222,010Expenses 2017: $191,901Net Income 2017: $30,1092017Revenue 2018: $213,674Expenses 2018: $203,158Net Income 2018: $10,5162018Revenue 2019: $213,967Expenses 2019: $222,715Net Income 2019: -$8,7482019Revenue 2020: $99,221Expenses 2020: $114,748Net Income 2020: -$15,5272020Revenue 2021: $123,596Expenses 2021: $108,459Net Income 2021: $15,1372021Revenue 2022: $104,478Expenses 2022: $98,727Net Income 2022: $5,7512022Revenue 2023: $210,226Expenses 2023: $227,764Net Income 2023: -$17,5382023Revenue 2024: $222,598Expenses 2024: $252,565Net Income 2024: -$29,9672024Revenue 2025: $293,964Expenses 2025: $288,894Net Income 2025: $5,0702025

Highlighted filing

2022

Revenue$104,478
Expenses$98,727
Net Income$5,751
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Mar 11, 2023
Return Version
2022v5.0
Gross Receipts
$104,478
Mission and Program Overview

Mission

Laketrails is a nonprofit corporation founded on Christian values and traditions, serving teenage youth. Through a widerness camping adventure, teens learn healthy lifestyles, how to live in harmony with the earth and each other, and how to give back to the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$240,829$231,717▼ $9,112
Cash and Non-Interest-Bearing Accounts$165,631$146,534▼ $19,097
Investments in Publicly Traded Securities$46,733$41,099▼ $5,634
Investments Other Securities$39,598$34,658▼ $4,940
Prepaid Expenses and Deferred Charges$9,522$0▼ $9,522
Total Assets$502,313$454,008▼ $48,305
Liabilities
Other Liabilities$47,785$0▼ $47,785
Accounts Payable and Accrued Expenses$1,743$6,465▲ $4,722
Total Liabilities$49,528$6,465▼ $43,063
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$452,785$447,543▼ $5,242
Total Net Assets Fund Balance$452,785$447,543▼ $5,242
Total Liabilities and Net Assets / Fund Balance$502,313$454,008▼ $48,305

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$1,605,243-
Land$216,250--
Equipment$1,788$336,776-
Leasehold Improvements$13,679$82,719-
Other Securities$34,658--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$103,724
Program Service Revenue
$0
Investment Income
$754
Other Revenue
$0
All Other Contributions
$103,724
Change in Net Assets
$5,751
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$51,064
Salaries, Compensation, and Employee Benefits$47,663
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$37,570$6,630$0$44,200
Occupancy$14,611$972$0$15,583
Insurance$10,347$0$0$10,347
Depreciation Depletion$9,113$0$0$9,113
Other Expenses$5,529$0$0$5,529
Office Expenses$44$3,517$0$3,561
Payroll Taxes$2,943$520$0$3,463
Fees for Services Accounting$0$2,403$0$2,403
Travel$1,338$0$0$1,338
Advertising$0$221$0$221
Total Functional Expenses$82,670$16,057$0$98,727
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
PPP Loan #2$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Filing and Contact Details

Filer

Filer Name
Laketrails Base CampInc
EIN
41-0916005
Phone
2182238281
Address
PO Box 810, Warroad, MN 56763
Doing Business As
Laketrails

Signing Officer

Name
Dennis C Foreman
Title
Board President
Phone
2182238281
Signed
2023-03-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dennis C Foreman
Formed
1954
Legal Domicile
Mn
Voting Board Members
13
Independent Board Members
13
Employees
5
Volunteers
100

Preparer

Firm
Annajean Lee
Address
2601 Burnham Road, Minneapolis, MN 55416
Preparer
Annajean Lee
Phone
6129204510
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

Trustees John Ditzler and Magnolia Ditzler are grandfather and grandchild.

Pt VI, Line 6

Members of the Laketrails Corporation are elected by corporate membership in attendance at the annual meeting. To be eligible for membership, individuals must show interest in the mission and objectives of Laketrails. There are no membership dues and no contributions are required. Corporate membership is limited to 200.

Pt VI, Line 7A

The sole responsibility of corporate members is to annually elect the Board of Trustees, the governing body of Laketrails.

Pt VI, Line 11B

Each Trustee is provided a copy of the completed Form 990. The form is reviewed with the Board, and any questions Trustees may have are answered. Once this is done, Trustees are asked to formally approve the content of the form 990. After the review and consent, the form is submitted.

Pt VI, Line 19

Governing documents, financial reports and/or Form 990 are made available to the public on request.

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IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0520
IRS990/PayrollTaxesGrp/ProgramServicesAmt02943
IRS990/PayrollTaxesGrp/TotalAmt03463
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09522
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Dennis C Foreman
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Participant Fees
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0107814
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0320
IRS990/PYOtherExpensesAmt055995
IRS990/PYProgramServiceRevenueAmt015462
IRS990/PYRevenuesLessExpensesAmt015137
IRS990/PYSalariesCompEmpBnftPaidAmt052464
IRS990/PYTotalExpensesAmt0108459
IRS990/PYTotalRevenueAmt0123596
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt05751
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt031095
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt032635
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt032372
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt096102
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0103723
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0107814
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt098171
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0104438
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt090867
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0505013
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0754
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0320
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01050
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01694
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0757
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt04575
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt015462
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0107835
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0122050
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0245347
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0754
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0320
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01050
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01694
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0757
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt04575
IRS990ScheduleA/InvestmentIncomeCYPct00.00610
IRS990ScheduleA/InvestmentIncomePYPct00.00520
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.86660
IRS990ScheduleA/PublicSupportPY509Pct00.86350
IRS990ScheduleA/PublicSupportTotal509Amt0654258
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt031095
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt032635
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt032372
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt096102
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0103723
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0123276
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt098171
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0212273
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0212917
IRS990ScheduleA/Total509Grp/TotalAmt0750360
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0754935
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
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01605243
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01605243
IRS990ScheduleD/EquipmentGrp/BookValueAmt01788
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0336776
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0338564
IRS990ScheduleD/LandGrp/BookValueAmt0216250
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0216250
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt013679
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt082719
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt096398
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PPP Loan #2
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt034658
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Opportunity Fund (Mutual Fund held by Minneapolis Foundation)
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0231717
IRS990ScheduleD/TotalBookValueSecuritiesAmt034658
IRS990ScheduleD/TotalLiabilityAmt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Trustees John Ditzler and Magnolia Ditzler are grandfather and grandchild.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Members of the Laketrails Corporation are elected by corporate membership in attendance at the annual meeting. To be eligible for membership, individuals must show interest in the mission and objectives of Laketrails. There are no membership dues and no contributions are required. Corporate membership is limited to 200.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The sole responsibility of corporate members is to annually elect the Board of Trustees, the governing body of Laketrails.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Each Trustee is provided a copy of the completed Form 990. The form is reviewed with the Board, and any questions Trustees may have are answered. Once this is done, Trustees are asked to formally approve the content of the form 990. After the review and consent, the form is submitted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Governing documents, financial reports and/or Form 990 are made available to the public on request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.71$0.05$4.65$2.94$2.89$0.05
2024Detailed filing. Detailed filing data is available for this year.$4.44$0.02$4.42$2.23$2.53$0.30
2023Detailed filing. Detailed filing data is available for this year.$4.47$0.01$4.46$2.10$2.28$0.18
2022Detailed filing. Detailed filing data is available for this year.$4.54$0.06$4.48$1.04$0.99$0.06
2021Detailed filing. Detailed filing data is available for this year.$5.02$0.50$4.53$1.24$1.08$0.15
2020Detailed filing. Detailed filing data is available for this year.$4.25$0.05$4.21$0.99$1.15$0.16
2019Detailed filing. Detailed filing data is available for this year.$4.48$0.03$4.44$2.14$2.23$0.09
2018Detailed filing. Detailed filing data is available for this year.$4.47$0.02$4.45$2.14$2.03$0.11
2017Summary only. Only limited summary data is available for this year.$4.48$0.05$4.43$2.22$1.92$0.30
2016Summary only. Only limited summary data is available for this year.$4.12$0.05$4.06$2.16$2.07$0.09
2015Summary only. Only limited summary data is available for this year.$4.04$0.09$3.95$1.89$2.06$0.17
2014Summary only. Only limited summary data is available for this year.$4.20$0.07$4.13$1.64$2.17$0.53
2013Summary only. Only limited summary data is available for this year.$4.62$0.01$4.61$1.36$2.17$0.81
2012Summary only. Only limited summary data is available for this year.$5.34$0.00$5.34$2.24$2.23$0.01
2011Summary only. Only limited summary data is available for this year.$5.31$0.02$5.28$1.32$2.27$0.95