Civic Intelligence

Lake Effect Conservancy

990 • Fiscal year 2023 • EIN 81-3649096

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 08, 2024

Organization ProfileLAKEEFFECTCONSERVANCY.ORG
294 Grove Lane East 100Wayzata, MN 55391

(612) 384-8992

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

91st percentile

51%

Higher net margin than 91% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

99th percentile

525%

Faster asset growth than 99% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

98th percentile

455%

Faster revenue growth than 98% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets17th percentile

Assets

Flat

$800,918

Flat from 2023

Net Assets

Flat

$800,918

Flat from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin91st percentile

Revenue

Flat

$1,307,388

Flat from 2023

Expenses

Flat

$634,628

Flat from 2023

Net Income

Flat

$672,760

Flat from 2023

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$1.0M$500K$0Assets 2017: $141,616Net Assets 2017: $141,6162017Assets 2018: $146,891Liabilities 2018: $0Net Assets 2018: $146,8912018Assets 2019: $279,296Liabilities 2019: $0Net Assets 2019: $279,2962019Assets 2020: $205,569Liabilities 2020: $0Net Assets 2020: $205,5692020Assets 2021: $195,140Liabilities 2021: $0Net Assets 2021: $195,1402021Assets 2022: $128,158Liabilities 2022: $0Net Assets 2022: $128,1582022Assets 2023: $800,918Liabilities 2023: $0Net Assets 2023: $800,9182023Assets 2023: $800,918Liabilities 2023: $0Net Assets 2023: $800,9182023Assets 2024: $173,592Liabilities 2024: $0Net Assets 2024: $173,5922024

Highlighted filing

2023

Assets$800,918
Liabilities$0
Net Assets$800,918
Open 2023 Filing

Operations Trend

Revenue Growth98th percentile

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

$1.5M$1.0M$500K$0-$500K-$1.0MRevenue 2017: $146,429Expenses 2017: $4,813Net Income 2017: $141,6162017Revenue 2018: $78,201Expenses 2018: $72,952Net Income 2018: $5,2492018Revenue 2019: $213,001Expenses 2019: $80,596Net Income 2019: $132,4052019Revenue 2020: $79,242Expenses 2020: $153,059Net Income 2020: -$73,8172020Revenue 2021: $284,718Expenses 2021: $295,162Net Income 2021: -$10,4442021Revenue 2022: $235,621Expenses 2022: $302,359Net Income 2022: -$66,7382022Revenue 2023: $1,307,388Expenses 2023: $634,628Net Income 2023: $672,7602023Revenue 2023: $1,307,388Expenses 2023: $634,628Net Income 2023: $672,7602023Revenue 2024: $184,101Expenses 2024: $811,427Net Income 2024: -$627,3262024

Highlighted filing

2023

Revenue$1,307,388
Expenses$634,628
Net Income$672,760
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 8, 2024
Return Version
2023v5.1
Gross Receipts
$1,307,388
Mission and Program Overview

Mission

The lake effect conservancy is a nonprofit organization that serves as an advocate and fundraising agency for the panoway on wayzata bay initiative, a public-private partnership with the city of wayzata. The goal of this initiative is to preserve and enhance the city's greatest asset, lake minnetonka, for future generations and to help improve the lakeside ecosystem with significant benefits to the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$128,158$800,918▲ $672,760
Total Assets$128,158$800,918▲ $672,760
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$128,158$800,918▲ $672,760
Total Net Assets Fund Balance$128,158$800,918▲ $672,760
Total Liabilities and Net Assets / Fund Balance$128,158$800,918▲ $672,760
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Blake SandvoldChair
Andrew MullinDirector
Barry J CarlsonDirector
Bob AmbroseDirector
Dr Charles YanceyDirector
Frank BomierDirector
George LeeDirector
Harry JohnsonDirector
Kevin PetersonDirector
Sarah DietrichDirector
Tory SchalkleDirector
Joy SzarkeSecretary
Dan KochTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,295,881
Program Service Revenue
$0
Investment Income
$11,507
Other Revenue
$0
All Other Contributions
$1,295,881
Change in Net Assets
$672,760
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$513,463
Other Expenses$121,165
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$513,463--$513,463
Fees for Services Other$106,959--$106,959
Advertising$1,659--$1,659
Insurance$1,068--$1,068
Information Technology$97--$97
Other Expenses$51--$51
Total Functional Expenses$634,628$0$0$634,628
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
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
No
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, Part VI, Section B, Line 11B

“Board reviews and approves the 990 prior to the filing by november 15, 2024”

Form 990, Part VI, Section B, Line 12C

“Every board member signs a conflict of interest policy annually and these are maintained on file by the organization.”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Lake Effect Conservancy
EIN
81-3649096
Phone
6123848992
Address
294 GROVE LANE EAST 100, WAYZATA, MN 55391

Signing Officer

Name
Blake Sandvold
Title
Chair
Phone
6123848992
Signed
2024-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Blake Sandvold
Formed
2016
Legal Domicile
Mn
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
20

Preparer

Firm
Carpenter Evert & Associates Ltd
Address
7760 FRANCE AVE S SUITE 940, BLOOMINGTON, MN 55435
Preparer
Neal Evert
Phone
9528310085
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other professional fees: program service expenses 106,959. Management and general expenses 0. Fundraising expenses 0. Total expenses 106,959.”

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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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IRS990/ActivityOrMissionDesc0THE LAKE EFFECT CONSERVANCY IS A NONPROFIT ORGANIZATION THAT SERVES AS AN ADVOCATE AND FUNDRAISING AGENCY FOR THE PANOWAY ON WAYZATA BAY INITIATIVE, A PUBLIC-PRIVATE PARTNERSHIP WITH THE CITY OF WAYZATA. THE GOAL OF THIS INITIATIVE IS TO PRESERVE AND ENHANCE THE CITY'S GREATEST ASSET, LAKE MINNETONKA, FOR FUTURE GENERATIONS AND TO HELP IMPROVE THE LAKESIDE ECOSYSTEM WITH SIGNIFICANT BENEFITS TO THE COMMUNITY.
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IRS990/Desc0LED BY TWO ENLIGHTENED, LEAD DONORS, THE CONSERVANCY WAS ABLE TO RAISE MORE THAN $1,200,000 IN PRIVATE FUNDING TO COMPLETE THE CITY'S NEEDS FOR PHASE 2 OF THE PROJECT. THIS WAS A MAJOR ACCOMPLISHEMENT OF THE CONSERVANCY'S MISSION. CONSTRUCTION BEGAN ON WAYZATA'S 100-YEAR DREAM FOR A LAKESIDE BOARDWALK, NOW CALLED THE PANOWAY "LAKEWALK", RENOVATING ITS DETERIORATING PUBLIC DOCKS AND RENEWING ITS WATERFRONT ECOLOGY. THE PROJECT WAS SUBSEQUENTLY COMPLETED IN JUNE 2024. WE CONTINUED OUR EFFORTS IN RAISING FUNDS AND AWARENESS OF PHASE 3 OF THE PANOWAY PROJECT, WHICH INCLUDES PRESERVATION AND RENOVATION OF THE SECTION FOREMAN HOUSE AND THE ECO PARK. WE RECEIVED OVER $75,000 OF DONATIONS EARMARKED FOR THIS PHASE OF THE PROJECT IN 2023.
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IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD REVIEWS AND APPROVES THE 990 PRIOR TO THE FILING BY NOVEMBER 15, 2024
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EVERY BOARD MEMBER SIGNS A CONFLICT OF INTEREST POLICY ANNUALLY AND THESE ARE MAINTAINED ON FILE BY THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 106,959. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 106,959.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0128158
IRS990/TotalAssetsEOYAmt0800918
IRS990/TotalAssetsGrp/BOYAmt0128158
IRS990/TotalAssetsGrp/EOYAmt0800918
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01295881
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0634628
IRS990/TotalFunctionalExpensesGrp/TotalAmt0634628
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0128158
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0800918
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0634628
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt011507
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01307388
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0128158
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0800918
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0294 GROVE LANE EAST 100
IRS990/USAddress/CityNm0WAYZATA
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055391
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0LAKEEFFECTCONSERVANCY.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BLAKE SANDVOLD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum06123848992
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAKE EFFECT CONSERVANCY
ReturnHeader/Filer/BusinessNameControlTxt0LAKE
ReturnHeader/Filer/EIN0813649096
ReturnHeader/Filer/PhoneNum06123848992
ReturnHeader/Filer/USAddress/AddressLine1Txt0294 GROVE LANE EAST 100
ReturnHeader/Filer/USAddress/CityNm0WAYZATA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055391
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411534805
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CARPENTER EVERT & ASSOCIATES LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07760 FRANCE AVE S SUITE 940
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BLOOMINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055435
ReturnHeader/PreparerPersonGrp/PhoneNum09528310085
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0NEAL EVERT
ReturnHeader/ReturnTs02024-11-14T10:45:48-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$800,918
Liabilities
$0
Net assets
$800,918
Revenue
$1,307,388
Expenses
$634,628
Net income
$672,760
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.17$0.00$0.17$0.18$0.81$0.63
2023Detailed filing. Detailed filing data is available for this year.$0.80$0.00$0.80$1.31$0.63$0.67
2023Summary only. Only limited summary data is available for this year.$0.80$0.00$0.80$1.31$0.63$0.67
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.13$0.00$0.13$0.24$0.30$0.07
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.20$0.00$0.20$0.28$0.30$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.21$0.00$0.21$0.08$0.15$0.07
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.00$0.28$0.21$0.08$0.13
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.15$0.00$0.15$0.08$0.07$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.14$0.14$0.15$0.00$0.14