Civic Intelligence

Ericson Lake Inc

EIN 47-0615440 • 501(c)3 • Ericson, NE

Profile

RECREATION

49147 Pothast RoadEricson, NE 68637
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 2024

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2024

Net Margin

15th percentile

-48%

Higher net margin than 15% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

32nd percentile

-20%

Faster asset growth than 32% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

45th percentile

-7.2%

Faster revenue growth than 45% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$295,156

Down $14,857 (-4.8%) from 2022

Liabilities

Down

$0

Down $34,692 (-100%) from 2022

Net Assets

-

No earlier filing loaded for comparison.

Revenue

Up

$133,989

Up $33,977 (+34%) from 2022

Expenses

Up

$114,153

Up $37,504 (+49%) from 2022

Net Income

Down

$19,836

Down $3,527 (-15%) from 2022

Trend Graphs

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2011: $43,353Liabilities 2011: $13,5502011Assets 2012: $284,449Liabilities 2012: $100,0002012Assets 2013: $288,155Liabilities 2013: $70,0932013Assets 2014: $286,201Liabilities 2014: $32,2222014Assets 2015: $309,757Liabilities 2015: $4,1722015Assets 2016: $300,870Liabilities 2016: $02016Assets 2017: $298,716Liabilities 2017: $02017Assets 2018: $304,750Liabilities 2018: $02018Assets 2019: $277,795Liabilities 2019: $15,0002019Assets 2020: $259,197Net Assets 2020: $259,1972020Assets 2021: $251,963Net Assets 2021: $251,9632021Assets 2022: $310,013Liabilities 2022: $34,692Net Assets 2022: $275,3212022Assets 2023: $295,156Liabilities 2023: $02023

Highlighted filing

2023

Assets$295,156
Liabilities$0
Net Assets-

Operations Trend

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

$200K$100K$0-$100KRevenue 2011: $61,857Expenses 2011: $84,407Net Income 2011: -$22,5502011Revenue 2012: $179,470Expenses 2012: $24,824Net Income 2012: $154,6462012Revenue 2013: $65,477Expenses 2013: $31,864Net Income 2013: $33,6132013Revenue 2014: $71,416Expenses 2014: $35,499Net Income 2014: $35,9172014Revenue 2015: $97,472Expenses 2015: $45,866Net Income 2015: $51,6062015Revenue 2016: $76,590Expenses 2016: $81,305Net Income 2016: -$4,7152016Revenue 2017: $61,264Expenses 2017: $63,418Net Income 2017: -$2,1542017Revenue 2018: $80,697Expenses 2018: $74,663Net Income 2018: $6,0342018Revenue 2019: $66,994Expenses 2019: $108,949Net Income 2019: -$41,9552019Revenue 2020: $79,787Expenses 2020: $83,385Net Income 2020: -$3,5982020Revenue 2021: $76,698Expenses 2021: $83,934Net Income 2021: -$7,2362021Revenue 2022: $100,012Expenses 2022: $76,649Net Income 2022: $23,3632022Revenue 2023: $133,989Expenses 2023: $114,153Net Income 2023: $19,8362023

Highlighted filing

2023

Revenue$133,989
Expenses$114,153
Net Income$19,836

Filings

Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jun 28, 2023
Return Version
2022v5.0
Gross Receipts
$100,012
Mission and Program Overview

Mission

RECREATION

Program Services

DescriptionGrantsExpenses
MAINTAIN EIGHT CAMPER PARKING AREAS, THREE PICNIC SHELTERS, A 1.5 MILE CAMPING TRAIL, 2.5 MILES SHORELINE ON A 3.5 ACRE LAKE, PUBLIC BEACH, RESTROOMS, EQUIPMENT, REMOVE SOLID WASTE, FUEL, POWER AND INSURANCE.-$76,649
SEE OTHER DESCRIPTION--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOE WADASPresident-$0--
TOM HAASEVice Preside-$0--
ASHLEY KAISERSecretary-$0--
AMY GIZINSKITreasurer-$0--
PAUL CLAUSDirector-$0--
KEVIN HLAVACDirector-$0--
MICHAEL KNAKEDirector-$0--
CYNDI SCHUREDirector-$0--
DELMER PELSTERDirector-$0--
NORMAN MIETHDirector-$0--
JERRY SCHOENENBERGERDirector-$0--
ROGER HELGOTHDirector-$0--
Filing and Contact Details

Filer

Filer Name
Ericson Lake Inc
EIN
47-0615440
Phone
3087283015
Address
49147 POTHAST ROAD, ERICSON, NE 68637

Signing Officer

Name
Joe Wadas
Title
President
Phone
3087283015
Signed
2023-06-28
Discuss with paid preparer
Yes

Preparer

Firm
LAMMERS ABEL & KAPS CPA'S PC
Address
140 N 16TH STREET, ORD, NE 68862
Preparer
Pam Slagle
Phone
3087283015
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

Fundraising 21,636 miscellaneous 256 total 21,892

Form 990-ez, Part I, Line 16

Expenses advertising and promotion 1,627 office 259 insurance 5,201 donations 800 event expense 9,840 fireworks 2,800 miscellaneous 50 non-investment depreciation 31,618 total 52,195

Form 990-ez, Part II, Line 24

386,287 469,407 less accumulated depreciation 169,873 201,491 total 216,414 267,916

Form 990-ez, Part II, Line 26

Unsecured notes and loans payable 0 34,692

Form 990-ez, Part III, Line 31

Maintain eight camper parking areas, three picnic shelters, a 1.5 mile camping trail, 2.5 miles shoreline on a 3.5 acre lake, public beach, restrooms, equipment, remove solid waste, fuel, power and insurance.

Raw XML Appendix176 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FUNDRAISING 21,636 MISCELLANEOUS 256 TOTAL 21,892
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES ADVERTISING AND PROMOTION 1,627 OFFICE 259 INSURANCE 5,201 DONATIONS 800 EVENT EXPENSE 9,840 FIREWORKS 2,800 MISCELLANEOUS 50 NON-INVESTMENT DEPRECIATION 31,618 TOTAL 52,195
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2386,287 469,407 LESS ACCUMULATED DEPRECIATION 169,873 201,491 TOTAL 216,414 267,916
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UNSECURED NOTES AND LOANS PAYABLE 0 34,692
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MAINTAIN EIGHT CAMPER PARKING AREAS, THREE PICNIC SHELTERS, A 1.5 MILE CAMPING TRAIL, 2.5 MILES SHORELINE ON A 3.5 ACRE LAKE, PUBLIC BEACH, RESTROOMS, EQUIPMENT, REMOVE SOLID WASTE, FUEL, POWER AND INSURANCE.
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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