Civic Intelligence

Koronis Lake Association Inc.

990EZ • Fiscal year 2021 • EIN 41-1412699

Jul 01, 2020 to Jun 30, 2021 • Filed on Jan 20, 2022

PO Box 333Paynesville, MN 56362

(320) 243-3459

Siviq Scores

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

Liabilities / Assets

78th percentile

0.11x

Higher debt load relative to assets than 78% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

81st percentile

0.12x

Higher debt load relative to revenue than 81% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

59th percentile

15%

Higher net margin than 59% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

75th percentile

35%

Faster asset growth than 75% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

70th percentile

35%

Faster revenue growth than 70% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$210,712

Up $54,225 (+35%) from 2020

Net Assets

Up

$186,712

Up $30,225 (+19%) from 2020

Liabilities

Up

$24,000

Up $24,000 from 2020

Revenue

Up

$195,954

Up $50,961 (+35%) from 2020

Expenses

Down

$165,729

Down $91,659 (-36%) from 2020

Net Income

Up

$30,225

Up $142,620 (+127%) from 2020

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2018: $215,200Liabilities 2018: $0Net Assets 2018: $215,2002018Assets 2019: $282,077Liabilities 2019: $0Net Assets 2019: $282,0772019Assets 2020: $156,487Liabilities 2020: $0Net Assets 2020: $156,4872020Assets 2021: $210,712Liabilities 2021: $24,000Net Assets 2021: $186,7122021Assets 2022: $206,079Liabilities 2022: $0Net Assets 2022: $206,0792022Assets 2023: $289,891Liabilities 2023: $0Net Assets 2023: $289,8912023Assets 2024: $345,675Liabilities 2024: $0Net Assets 2024: $345,6752024

Highlighted filing

2021

Assets$210,712
Liabilities$24,000
Net Assets$186,712

Operations Trend

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

$400K$200K$0-$200KRevenue 2018: $93,654Expenses 2018: $72,739Net Income 2018: $20,9152018Revenue 2019: $390,190Expenses 2019: $323,313Net Income 2019: $66,8772019Revenue 2020: $144,993Expenses 2020: $257,388Net Income 2020: -$112,3952020Revenue 2021: $195,954Expenses 2021: $165,729Net Income 2021: $30,2252021Revenue 2022: $148,532Expenses 2022: $129,161Net Income 2022: $19,3712022Revenue 2023: $193,711Expenses 2023: $141,899Net Income 2023: $51,8122023Revenue 2024: $163,787Expenses 2024: $148,003Net Income 2024: $15,7842024

Highlighted filing

2021

Revenue$195,954
Expenses$165,729
Net Income$30,225
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jan 20, 2022
Return Version
2020v4.0
Gross Receipts
$195,954
Mission and Program Overview

Mission

To promote the protection and improvement of lake koronis

Program Services

DescriptionGrantsExpenses
PROTECTION AND IMPROVEMENT OF LAKE KORONIS-$155,637
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KEN HESSDirector-$0--
JEFF ERDMANDirector-$0--
RILEY FLANDERSDirector-$0--
JEN MEAGHERPresident-$0--
SUSAN SCHAEFERDirector-$0--
JIM LOSLEBENDirector-$0--
DAN ZEIGLERDirector-$0--
BRIAN FRANKDirector-$0--
GREG FREDERICHSVice Preside-$0--
STACY JACOBSONDirector-$0--
DOUG PETERSONDirector-$0--
EZRI FARNUMSecretary-$0--
Filing and Contact Details

Filer

Filer Name
Koronis Lake Association
EIN
41-1412699
Phone
3202433459
Address
PO BOX 333, PAYNESVILLE, MN 56362

Signing Officer

Name
Jen Meagher
Title
President
Phone
3202433459
Signed
2022-01-20
Discuss with paid preparer
Yes

Preparer

Firm
Christianson Pllp
Address
302 5TH ST SW, WILLMAR, MN 56201-3214
Preparer
Chelsey Mueller
Phone
3202355937
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising 474 ais expense 125,370 ais inspections 15,671 board meetings 295 dues/publications 355 erosion projects 2,648 fireworks 12,000 insurance 1,056 lake access cleanup 126 miscellaneous 140 office expenses 740 project bond-watershed di 4,000 website 271 total 163,146

Form 990-ez, Part II, Line 26

WEED HARVESTER 0 24,000

Raw XML Appendix198 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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CompensationExplanation/CompensationExplanationGrp/PersonNm3JEN MEAGHER
CompensationExplanation/CompensationExplanationGrp/PersonNm4SUSAN SCHAEFER
CompensationExplanation/CompensationExplanationGrp/PersonNm5JIM LOSLEBEN
CompensationExplanation/CompensationExplanationGrp/PersonNm6DAN ZEIGLER
CompensationExplanation/CompensationExplanationGrp/PersonNm7BRIAN FRANK
CompensationExplanation/CompensationExplanationGrp/PersonNm8GREG FREDERICHS
CompensationExplanation/CompensationExplanationGrp/PersonNm9STACY JACOBSON
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3JEN MEAGHER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4SUSAN SCHAEFER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5JIM LOSLEBEN
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8VICE PRESIDE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt10DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt11SECRETARY
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt0163146
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
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IRS990EZ/PrimaryExemptPurposeTxt0TO PROMOTE THE PROTECTION AND IMPROVEMENT OF LAKE KORONIS
IRS990EZ/PrintingPublicationsPostageAmt01218
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IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/ScheduleBNotRequiredInd0X
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IRS990EZ/TypeOfOrganizationAssocInd0X
IRS990EZ/WebsiteAddressTxt0HTTP://WWW.KORONISLAKEASSOCIATION.ORG
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0PROGRAM SERVICES 33,171 OTHER INCOME 18,531
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt095717
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0872767
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING 474 AIS EXPENSE 125,370 AIS INSPECTIONS 15,671 BOARD MEETINGS 295 DUES/PUBLICATIONS 355 EROSION PROJECTS 2,648 FIREWORKS 12,000 INSURANCE 1,056 LAKE ACCESS CLEANUP 126 MISCELLANEOUS 140 OFFICE EXPENSES 740 PROJECT BOND-WATERSHED DI 4,000 WEBSITE 271 TOTAL 163,146
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WEED HARVESTER 0 24,000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JEN MEAGHER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03202433459
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-01-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KORONIS LAKE ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0KORO
ReturnHeader/Filer/EIN0411412699
ReturnHeader/Filer/PhoneNum03202433459
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 333
ReturnHeader/Filer/USAddress/CityNm0PAYNESVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd056362
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411781145
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CHRISTIANSON PLLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0302 5TH ST SW
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WILLMAR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0562013214
ReturnHeader/PreparerPersonGrp/PhoneNum03202355937
ReturnHeader/PreparerPersonGrp/PreparationDt02022-01-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHELSEY MUELLER
ReturnHeader/ReturnTs02022-02-21T15:47:59-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JEN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MEAGHER
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

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Filings