Civic Intelligence

Lake Lanier Olympic Park Foundation

EIN 58-2094780 • 501(c)3 • Gainesville, GA

Profile

To provide assistance to the city in the successful operation of lake lanier olympic park, primarily through fundraising efforts for capital improvements at the park.

PO Box 369Gainesville, GA 30503

lakelanierolympicvenue.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

46th percentile

0.01x

Higher debt load relative to assets than 46% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

71st percentile

0.12x

Higher debt load relative to revenue than 71% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

1st percentile

-1335%

Higher net margin than 1% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

73rd percentile

$0

Higher top officer pay than 73% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

5th percentile

-52%

Faster asset growth than 5% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

1st percentile

-95%

Faster revenue growth than 1% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets46th percentile

Assets

Down

$461,106

Down $115,988 (-20%) from 2023

Liabilities

Up

$5,996

Up $497 (+9.0%) from 2023

Net Assets

Down

$455,110

Down $116,485 (-20%) from 2023

Operations
Liabilities / Revenue71st percentileNet Margin1st percentile

Revenue

Down

$22,709

Down $24,567 (-52%) from 2023

Expenses

Down

$139,194

Down $539,079 (-79%) from 2023

Net Income

Up

-$116,485

Up $514,512 (+82%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth5th percentile

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

$1.5M$1.0M$500K$0Assets 2014: $240,516Liabilities 2014: $1,022Net Assets 2014: $239,4942014Assets 2015: $337,242Liabilities 2015: $16,690Net Assets 2015: $320,5522015Assets 2016: $417,257Liabilities 2016: $174,827Net Assets 2016: $242,4302016Assets 2017: $404,579Liabilities 2017: $51,729Net Assets 2017: $352,8502017Assets 2018: $656,391Liabilities 2018: $217,116Net Assets 2018: $439,2752018Assets 2019: $586,153Liabilities 2019: $37,598Net Assets 2019: $548,5552019Assets 2020: $471,277Liabilities 2020: $5,850Net Assets 2020: $465,4272020Assets 2021: $411,397Liabilities 2021: $18,331Net Assets 2021: $393,0662021Assets 2022: $1,206,153Liabilities 2022: $3,561Net Assets 2022: $1,202,5922022Assets 2023: $577,094Liabilities 2023: $5,499Net Assets 2023: $571,5952023Assets 2024: $461,106Liabilities 2024: $5,996Net Assets 2024: $455,1102024

Highlighted filing

2024

Assets$461,106
Liabilities$5,996
Net Assets$455,110
Open 2024 Filing

Operations Trend

Revenue Growth1st percentile

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

$2.0M$1.0M$0-$1.0MRevenue 2014: $270,280Expenses 2014: $30,786Net Income 2014: $239,4942014Revenue 2015: $356,549Expenses 2015: $270,057Net Income 2015: $86,4922015Revenue 2016: $1,798,493Expenses 2016: $1,876,614Net Income 2016: -$78,1212016Revenue 2017: $499,220Expenses 2017: $392,052Net Income 2017: $107,1682017Revenue 2018: $393,407Expenses 2018: $306,982Net Income 2018: $86,4252018Revenue 2019: $705,132Expenses 2019: $595,852Net Income 2019: $109,2802019Revenue 2020: -$1,430Expenses 2020: $81,698Net Income 2020: -$83,1282020Revenue 2021: $5,136Expenses 2021: $77,497Net Income 2021: -$72,3612021Revenue 2022: $928,730Expenses 2022: $119,204Net Income 2022: $809,5262022Revenue 2023: $47,276Expenses 2023: $678,273Net Income 2023: -$630,9972023Revenue 2024: $22,709Expenses 2024: $139,194Net Income 2024: -$116,4852024

Highlighted filing

2024

Revenue$22,709
Expenses$139,194
Net Income-$116,485
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$461,106
Liabilities
$5,996
Net assets
$455,110
Revenue
$22,709
Expenses
$139,194
Net income
-$116,485
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.46$0.01$0.46$0.02$0.14$0.12
2023Detailed filing. Detailed filing data is available for this year.$0.58$0.01$0.57$0.05$0.68$0.63
2022Detailed filing. Detailed filing data is available for this year.$1.21$0.00$1.20$0.93$0.12$0.81
2021Detailed filing. Detailed filing data is available for this year.$0.41$0.02$0.39$0.01$0.08$0.07
2020Detailed filing. Detailed filing data is available for this year.$0.47$0.01$0.47$0.00$0.08$0.08
2019Summary only. Only limited summary data is available for this year.$0.59$0.04$0.55$0.71$0.60$0.11
2018Detailed filing. Detailed filing data is available for this year.$0.66$0.22$0.44$0.39$0.31$0.09
2017Detailed filing. Detailed filing data is available for this year.$0.40$0.05$0.35$0.50$0.39$0.11
2016Detailed filing. Detailed filing data is available for this year.$0.42$0.17$0.24$1.80$1.88$0.08
2015Detailed filing. Detailed filing data is available for this year.$0.34$0.02$0.32$0.36$0.27$0.09
2014Summary only. Only limited summary data is available for this year.$0.24$0.00$0.24$0.27$0.03$0.24
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jan 8, 2025
Return Version
2023v6.0
Gross Receipts
$22,709
Mission and Program Overview

Mission

To foster the development of the sports of rowing and canoe/kayaking on lake lanier, to generate and provide financial resources for the restoration and preservation of the lake lanier olympic venue facilities, to provide oversight to the operation of programs at the venue, to coordinate activities and provide communication between the community, interested parties and local governments and insure community inclusion in the development and use of the venue.

To provide assistance to the city in the successful operation of lake lanier olympic park, primarily through fundraising efforts for capital improvements at the park.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$213,772$190,647▼ $23,125
Land, Buildings, and Equipment, Net$149,744$129,477▼ $20,267
Savings and Temporary Cash Investments$139,015$98,099▼ $40,916
Pledges and Grants Receivable$74,563$42,883▼ $31,680
Total Assets$577,094$461,106▼ $115,988
Liabilities
Accounts Payable and Accrued Expenses$5,499$5,996▲ $497
Total Liabilities$5,499$5,996▲ $497
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$351,580$311,011▼ $40,569
Net Assets With Donor Restrictions$220,015$144,099▼ $75,916
Total Net Assets Fund Balance$571,595$455,110▼ $116,485
Total Liabilities and Net Assets / Fund Balance$577,094$461,106▼ $115,988

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$129,477$216,936$346,413
Compensation and Service Providers
Top Officer Pay73rd percentile

Board Members and Trustees

NameTitle
Mimi CollinsChair
Dixie TrueloveVice Chair
Anna HesterDirector
Brian RochesterDirector
Cliff WardDirector
Danny DunaganDirector
David BarnettDirector
Doug SmithDirector
Erin WilliamsonDirector
Julia GreeneDirector
Kim MartinDirector
Matt MillardDirector
Phil SuttonDirector
Robyn LynchDirector
Lila WestmorelandSecretary
Mark BellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$19,378
Program Service Revenue
$0
Investment Income
$3,331
Other Revenue
$0
All Other Contributions
$19,378
Change in Net Assets
$-116,485
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$139,194
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$111,619$62-$111,681
Fees for Services Accounting-$6,500-$6,500
Other Expenses$6,186$524-$524
Office Expenses-$358-$358
Total Functional Expenses$117,805$21,389$0$139,194
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
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
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 executive board and the venue manager review the 990 in detail with the cpa. A copy of the 990 is provided to all board members before it is filed.”

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

“All board members complete a disclosure questionnaire annually.”

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

“The organization does not have any paid employees.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Lake Lanier Olympic Park Foundation
EIN
58-2094780
Phone
7705406307
Address
PO BOX 369, GAINESVILLE, GA 30503

Signing Officer

Name
Mark Bell
Title
Treasurer
Phone
7705406307
Signed
2025-01-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Bell
Formed
1994
Legal Domicile
Ga
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
25

Preparer

Firm
Blair C Diaz CPA Pc
Address
616 GREEN ST, GAINESVILLE, GA 30501
Preparer
Blair C Diaz
Phone
7705365500
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

“The foundation was previously responsible for renovations to the lake lanier olympic park and maintaining the physical upkeep of the venue property and facilities, including all buildings and grounds contained in the park until the gprb took over in july 2019. During the year ended june 30, 2020, the foundation installed street lights and completed one major project to improve the park - an olympic ring plaza - which prominently features an olympic rings sculpture in front of the timing tower. The sculpture was crafted from structural steel originally used in the support beams of floating grandstands erected for the 1996 olympics. The lake lanier olympic park continues to host local, national and international rowing, sprint kayak and canoe events, as well as dragon boat races and championships. The foundation supports these competitive events as well as community events held at the venue, typically by providing volunteers.”

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION WAS PREVIOUSLY RESPONSIBLE FOR RENOVATIONS TO THE LAKE LANIER OLYMPIC PARK AND MAINTAINING THE PHYSICAL UPKEEP OF THE VENUE PROPERTY AND FACILITIES, INCLUDING ALL BUILDINGS AND GROUNDS CONTAINED IN THE PARK UNTIL THE GPRB TOOK OVER IN JULY 2019. DURING THE YEAR ENDED JUNE 30, 2020, THE FOUNDATION INSTALLED STREET LIGHTS AND COMPLETED ONE MAJOR PROJECT TO IMPROVE THE PARK - AN OLYMPIC RING PLAZA - WHICH PROMINENTLY FEATURES AN OLYMPIC RINGS SCULPTURE IN FRONT OF THE TIMING TOWER. THE SCULPTURE WAS CRAFTED FROM STRUCTURAL STEEL ORIGINALLY USED IN THE SUPPORT BEAMS OF FLOATING GRANDSTANDS ERECTED FOR THE 1996 OLYMPICS. THE LAKE LANIER OLYMPIC PARK CONTINUES TO HOST LOCAL, NATIONAL AND INTERNATIONAL ROWING, SPRINT KAYAK AND CANOE EVENTS, AS WELL AS DRAGON BOAT RACES AND CHAMPIONSHIPS. THE FOUNDATION SUPPORTS THESE COMPETITIVE EVENTS AS WELL AS COMMUNITY EVENTS HELD AT THE VENUE, TYPICALLY BY PROVIDING VOLUNTEERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EXECUTIVE BOARD AND THE VENUE MANAGER REVIEW THE 990 IN DETAIL WITH THE CPA. A COPY OF THE 990 IS PROVIDED TO ALL BOARD MEMBERS BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL BOARD MEMBERS COMPLETE A DISCLOSURE QUESTIONNAIRE ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION DOES NOT HAVE ANY PAID EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4A
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
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IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0GAINESVILLE
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IRS990/USAddress/ZIPCd030503
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IRS990/WebsiteAddressTxt0LAKELANIEROLYMPICVENUE.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MARK BELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07705406307
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-01-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAKE LANIER OLYMPIC PARK FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0LAKE
ReturnHeader/Filer/EIN0582094780
ReturnHeader/Filer/PhoneNum07705406307
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0731681968
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BLAIR C DIAZ CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0616 GREEN ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GAINESVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030501
ReturnHeader/PreparerPersonGrp/PhoneNum07705365500
ReturnHeader/PreparerPersonGrp/PreparationDt02025-02-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BLAIR C DIAZ
ReturnHeader/ReturnTs02025-02-10T10:43:53-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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