Civic Intelligence

Lets Go Fishing

990 • Fiscal year 2015 • EIN 48-1259413

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 10, 2016

PO Box 271Spicer, MN 56288

(320) 796-5555

Siviq Scores

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

Liabilities / Assets

80th percentile

0.41x

Higher debt load relative to assets than 80% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

84th percentile

0.51x

Higher debt load relative to revenue than 84% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

43rd percentile

0.9%

Higher net margin than 43% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

76th percentile

$67,308

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 10.5% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

21st percentile

-6.8%

Faster asset growth than 21% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

60th percentile

8.6%

Faster revenue growth than 60% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Down

$790,387

Down $57,788 (-6.8%) from 2014

Net Assets

Up

$465,031

Up $6,068 (+1.3%) from 2014

Liabilities

Down

$325,356

Down $63,856 (-16%) from 2014

Revenue

Up

$641,536

Up $50,593 (+8.6%) from 2014

Expenses

Down

$635,468

Down $46,206 (-6.8%) from 2014

Net Income

Up

$6,068

Up $96,799 (+107%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $1,022,427Liabilities 2010: $289,523Net Assets 2010: $732,9042010Assets 2011: $881,975Liabilities 2011: $254,162Net Assets 2011: $627,8132011Assets 2012: $873,347Liabilities 2012: $338,015Net Assets 2012: $535,3322012Assets 2013: $899,024Liabilities 2013: $345,209Net Assets 2013: $553,8152013Assets 2014: $848,175Liabilities 2014: $389,212Net Assets 2014: $458,9632014Assets 2015: $790,387Liabilities 2015: $325,356Net Assets 2015: $465,0312015Assets 2016: $832,478Liabilities 2016: $692,145Net Assets 2016: $140,3332016Assets 2017: $679,097Liabilities 2017: $344,162Net Assets 2017: $334,9352017Assets 2018: $218,715Liabilities 2018: $68,869Net Assets 2018: $149,8462018Assets 2020: $72,320Liabilities 2020: $15,703Net Assets 2020: $56,6172020Assets 2021: $67,324Liabilities 2021: $2,809Net Assets 2021: $64,5142021Assets 2022: $62,566Liabilities 2022: $6,650Net Assets 2022: $55,9172022Assets 2023: $87,953Liabilities 2023: $14,016Net Assets 2023: $73,9372023Assets 2024: $82,559Liabilities 2024: $10,546Net Assets 2024: $72,0132024

Highlighted filing

2015

Assets$790,387
Liabilities$325,356
Net Assets$465,031

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $592,2092010Revenue 2011: $508,176Expenses 2011: $595,261Net Income 2011: -$87,0852011Expenses 2012: $617,7992012Revenue 2013: $571,847Expenses 2013: $553,497Net Income 2013: $18,3502013Revenue 2014: $590,943Expenses 2014: $681,674Net Income 2014: -$90,7312014Revenue 2015: $641,536Expenses 2015: $635,468Net Income 2015: $6,0682015Revenue 2016: $545,098Expenses 2016: $620,365Net Income 2016: -$75,2672016Revenue 2017: $480,782Expenses 2017: $582,968Net Income 2017: -$102,1862017Revenue 2018: $447,884Expenses 2018: $632,973Net Income 2018: -$185,0892018Revenue 2020: $84,032Expenses 2020: $95,702Net Income 2020: -$11,6702020Revenue 2021: $83,165Expenses 2021: $75,268Net Income 2021: $7,8972021Revenue 2022: $69,150Expenses 2022: $77,748Net Income 2022: -$8,5982022Revenue 2023: $91,960Expenses 2023: $73,939Net Income 2023: $18,0212023Revenue 2024: $78,023Expenses 2024: $79,946Net Income 2024: -$1,9232024

Highlighted filing

2015

Revenue$641,536
Expenses$635,468
Net Income$6,068
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 10, 2016
Return Version
2015v2.1
Gross Receipts
$663,116
Mission and Program Overview

Mission

Free fishing boating for seniors disabled youth

Let's go fishing is "touching lives on the water" by showing honor and respect to our seniors, veterans and youth by providing fishing and boating excursions that offer reduced isolation, loneliness and depression through the healthful benefits of the outdoors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$418,858$419,361▲ $503
Cash and Non-Interest-Bearing Accounts$408,959$326,878▼ $82,081
Savings and Temporary Cash Investments-$31,000-
Prepaid Expenses and Deferred Charges$5,833$5,500▼ $333
Inventories for Sale or Use-$4,977-
Accounts Receivable$14,525$2,671▼ $11,854
Total Assets$848,175$790,387▼ $57,788
Liabilities
Other Liabilities$359,850$265,348▼ $94,502
Accounts Payable and Accrued Expenses$29,362$60,008▲ $30,646
Total Liabilities$389,212$325,356▼ $63,856
Net Assets / Fund Balance
Unrestricted Net Assets$458,963$465,031▲ $6,068
Total Net Assets Fund Balance$458,963$465,031▲ $6,068
Total Liabilities and Net Assets / Fund Balance$848,175$790,387▼ $57,788

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$154,448$614,655$769,103
Equipment$264,913$249,006$513,919
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Joe HolmCEOFT$67,308$67,308

Board Members and Trustees

NameTitle
Jim SchoeberlPresident
Harley DavenportDirector
Tom CaseyDirector
Tom GarderDirector
Jon CarrolSecretary
Craig NorenbergTreasurer
Terry EaganVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$608,969
Program Service Revenue
$0
Investment Income
$21,777
Other Revenue
$10,790
All Other Contributions
$554,875
Change in Net Assets
$6,068

Audited Revenue Reconciliation

Revenue per Audited Statements
$641,536
Total Revenue per Audited Statements
$641,536
Total Revenue per Form 990
$641,536
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$424,286
Salaries, Compensation, and Employee Benefits$211,182
Total Fundraising Expense$17,870
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$121,777--$121,777
Other Salaries and Wages$72,678$17,565$3,730$93,973
Current Officers, Directors, Trustees, and Key Employees$55,312$12,000$7,688$75,000
Insurance$30,222$6,445-$36,667
Advertising$16,710$11,217-$27,927
Other Employee Benefits$19,602$4,090$1,873$25,565
Other Expenses$18,317$4,330$1,050$22,647
Travel$14,326$5,084$1,650$21,060
Office Expenses$5,917$11,275-$17,192
All Other Expenses$15,816-$1,047$16,863
Payroll Taxes$13,149$2,663$832$16,644
Interest$3,197$12,598-$15,795
Fees for Services Accounting-$15,747-$15,747
Fees for Services Legal-$11,113-$11,113
Occupancy$8,039--$8,039
Total Functional Expenses$487,222$130,376$17,870$635,468

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$635,468
Total Expenses per Audited Statements$635,468
Total Expenses per Form 990$635,468
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$32,370
Fundraising Direct Expenses$21,580
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fishfry/banquet$83,464$32,370$21,580$10,790
Total Events$83,464$32,370$21,580$10,790
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Equipment Loans$265,348
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
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

The form 990 is reviewed by the full board

Form 990, Page 6, Part VI, Line 12C

Annual review by board of directors

Form 990, Page 6, Part VI, Line 15A

Board of directors evaluates compensation

Form 990, Page 6, Part VI, Line 19

The documents are available at the state office upon request.

Filing and Contact Details

Filer

Filer Name
LET'S GO FISHING
EIN
48-1259413
Phone
3207965555
Address
PO BOX 271, SPICER, MN 56288

Signing Officer

Name
Joe Holm
Title
CEO
Phone
3207965555
Signed
2016-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joe Holm
Formed
2002
Legal Domicile
Mn
Voting Board Members
8
Independent Board Members
8
Employees
8
Volunteers
2,200

Preparer

Firm
Westberg-eischens Pllp
Address
PO BOX 362, WILLMAR, MN 56201-0362
Preparer
David M Euerle CPA
Phone
3202353727
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Let's go fishing is "touching lives on the water" by showing honor and respect to our seniors, veterans and youth by providing fishing and boating excursions that offer reduced isolation, loneliness and depression through the healthful benefits of the outdoors.

Form 990, Part XI, Line 9

Prior year change in liabilities 0

Raw XML AppendixShowing 400 of 439 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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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0477430
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LET'S GO FISHING IS "TOUCHING LIVES ON THE WATER" BY SHOWING HONOR AND RESPECT TO OUR SENIORS, VETERANS AND YOUTH BY PROVIDING FISHING AND BOATING EXCURSIONS THAT OFFER REDUCED ISOLATION, LONELINESS AND DEPRESSION THROUGH THE HEALTHFUL BENEFITS OF THE OUTDOORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE FULL BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUAL REVIEW BY BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD OF DIRECTORS EVALUATES COMPENSATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE DOCUMENTS ARE AVAILABLE AT THE STATE OFFICE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PRIOR YEAR CHANGE IN LIABILITIES 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.08$0.01$0.07$0.08$0.08$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.09$0.01$0.07$0.09$0.07$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.06$0.01$0.06$0.07$0.08$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.06$0.08$0.08$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.07$0.02$0.06$0.08$0.10$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.22$0.07$0.15$0.45$0.63$0.19
2017Detailed filing. Detailed filing data is available for this year.$0.68$0.34$0.33$0.48$0.58$0.10
2016Detailed filing. Detailed filing data is available for this year.$0.83$0.69$0.14$0.55$0.62$0.08
2015Detailed filing. Detailed filing data is available for this year.$0.79$0.33$0.47$0.64$0.64$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.85$0.39$0.46$0.59$0.68$0.09
2013Detailed filing. Detailed filing data is available for this year.$0.90$0.35$0.55$0.57$0.55$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.87$0.34$0.54$0.62
2011Summary only. Only limited summary data is available for this year.$0.88$0.25$0.63$0.51$0.60$0.09
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.02$0.29$0.73$0.59