Civic Intelligence

Lets Go Fishing

990 • Fiscal year 2016 • EIN 48-1259413

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

1025 19th Ave SWWillmar, MN 56201

(320) 796-5555

Siviq Scores

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

Liabilities / Assets

91st percentile

0.83x

Higher debt load relative to assets than 91% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

91st percentile

1.27x

Higher debt load relative to revenue than 91% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

18th percentile

-14%

Higher net margin than 18% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

80th percentile

$76,102

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 14.0% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

60th percentile

5.3%

Faster asset growth than 60% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

20th percentile

-15%

Faster revenue growth than 20% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Up

$832,478

Up $42,091 (+5.3%) from 2015

Net Assets

Down

$140,333

Down $324,698 (-70%) from 2015

Liabilities

Up

$692,145

Up $366,789 (+113%) from 2015

Revenue

Down

$545,098

Down $96,438 (-15%) from 2015

Expenses

Down

$620,365

Down $15,103 (-2.4%) from 2015

Net Income

Down

-$75,267

Down $81,335 (-1340%) from 2015

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

2016

Assets$832,478
Liabilities$692,145
Net Assets$140,333

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

2016

Revenue$545,098
Expenses$620,365
Net Income-$75,267
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$574,899
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$419,361$348,827▼ $70,534
Cash and Non-Interest-Bearing Accounts$326,878$327,073▲ $195
Savings and Temporary Cash Investments$31,000$108,490▲ $77,490
Inventories for Sale or Use$4,977$30,701▲ $25,724
Prepaid Expenses and Deferred Charges$5,500$14,421▲ $8,921
Accounts Receivable$2,671$2,966▲ $295
Total Assets$790,387$832,478▲ $42,091
Liabilities
Other Liabilities$265,348$614,799▲ $349,451
Accounts Payable and Accrued Expenses$60,008$77,346▲ $17,338
Total Liabilities$325,356$692,145▲ $366,789
Net Assets / Fund Balance
Unrestricted Net Assets$465,031$140,333▼ $324,698
Total Net Assets Fund Balance$465,031$140,333▼ $324,698
Total Liabilities and Net Assets / Fund Balance$790,387$832,478▲ $42,091

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$348,827$913,330$1,262,157
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joe HolmCEOFT$70,000$6,102$76,102

Board Members and Trustees

NameTitle
Tom CaseyDirector
Tom GarderDirector
Andrea OproskoTreasurer
Craig NorenbergTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$525,209
Program Service Revenue
$0
Investment Income
$7,901
Other Revenue
$11,988
All Other Contributions
$490,209
Change in Net Assets
$-75,267
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$429,458
Salaries, Compensation, and Employee Benefits$190,907
Total Fundraising Expense$51,247
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$121,244$24,163$9,061$154,468
Depreciation Depletion$118,428$1,288-$119,716
Fees for Services Other--$40,000$40,000
Payroll Taxes$28,423$5,830$2,186$36,439
Insurance$29,835$830-$30,665
Advertising$18,080$8,833-$26,913
Travel$12,224$13,955-$26,179
Interest$2,986$10,795-$13,781
Office Expenses$5,350$7,820-$13,170
All Other Expenses$11,937--$11,937
Other Expenses$9,252$1,520-$10,772
Occupancy$2,859$5,950-$8,809
Fees for Services Accounting-$8,763-$8,763
Total Functional Expenses$455,634$113,484$51,247$620,365
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$38,557
Fundraising Direct Expenses$26,569
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fishing Contest$8,215$8,215$2,750$5,465
Fish Fry$8,260$7,070$5,317$1,753
Total Events$16,475$15,285$8,067$7,218
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$354,799
Deferred Compensation$260,000
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
1025 19TH AVE SW, WILLMAR, MN 56201

Signing Officer

Name
Andrea Oprosko
Title
Treasurer
Phone
3207965555
Signed
2017-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joe Holm
Formed
2002
Legal Domicile
Mn
Voting Board Members
4
Independent Board Members
3
Employees
12
Volunteers
1,100

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

Py change in liabilities -249,431

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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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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0142875
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0365877
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IRS990ScheduleA/PublicSupportPY509Pct00.99250
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0618501
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0620305
IRS990ScheduleA/Total509Grp/TotalAmt03062999
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0913330
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0354799
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1260000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0EQUIPMENT LOANS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED COMPENSATION
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IRS990ScheduleD/TotalLiabilityAmt0614799
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IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt01190
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt08067
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FISH FRY
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0FISHING CONTEST
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt08260
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt08215
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt07070
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt08215
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IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt07218
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IRS990/ScheduleORequiredInd0true
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/ExplanationTxt5PY CHANGE IN LIABILITIES -249,431
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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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt051247
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0113484
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0455634
IRS990/TotalFunctionalExpensesGrp/TotalAmt0620365
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt0692145
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IRS990/TotalLiabilitiesGrp/EOYAmt0692145
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0140333
IRS990/TotalOtherCompensationAmt06102
IRS990/TotalProgramServiceExpensesAmt0455634
IRS990/TotalReportableCompFromOrgAmt070000
IRS990/TotalRevenueGrp/ExclusionAmt0133
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt07768
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0545098
IRS990/TotalVolunteersCnt01100
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0790387
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0832478
IRS990/TravelGrp/ManagementAndGeneralAmt013955
IRS990/TravelGrp/ProgramServicesAmt012224
IRS990/TravelGrp/TotalAmt026179
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0465031
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0140333
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.LGFWS.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ANDREA OPROSKO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03207965555
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LET'S GO FISHING
ReturnHeader/Filer/BusinessNameControlTxt0LETS
ReturnHeader/Filer/EIN0481259413
ReturnHeader/Filer/PhoneNum03207965555
ReturnHeader/Filer/USAddress/AddressLine1Txt01025 19TH AVE SW
ReturnHeader/Filer/USAddress/CityNm0WILLMAR
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd056201
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0BCC69CACAB97137408A13254C06ED6502C926AFA
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId03DEE55851C3E2A63E6A9E66DBA331022E197CB14
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411792388
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WESTBERG-EISCHENS PLLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 362
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WILLMAR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0562010362
ReturnHeader/PreparerPersonGrp/PhoneNum03202353727
ReturnHeader/PreparerPersonGrp/PreparationDt02017-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID M EUERLE CPA
ReturnHeader/ReturnTs02017-11-15T08:48:51-06:00
ReturnHeader/ReturnTypeCd0990

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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