Civic Intelligence

Lake Cunningham Development Trust

990 • Fiscal year 2022 • EIN 82-5231670

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 14, 2023

Organization ProfileN/A
8305 Rainwood RoadOmaha, NE 68122

(402) 934-5656

Siviq Scores

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

Liabilities / Assets

40th percentile

0.03x

Higher debt load relative to assets than 40% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

35th percentile

0.03x

Higher debt load relative to revenue than 35% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

53rd percentile

8.3%

Higher net margin than 53% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

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.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

4th percentile

-31%

Faster asset growth than 4% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

3rd percentile

-72%

Faster revenue growth than 3% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets40th percentile

Assets

Down

$2,540,775

Down $1,147,683 (-31%) from 2021

Net Assets

Up

$2,468,525

Up $190,588 (+8.4%) from 2021

Liabilities

Down

$72,250

Down $1,338,271 (-95%) from 2021

Revenue And Expenses
Liabilities / Revenue35th percentileNet Margin53rd percentile

Revenue

Down

$2,290,984

Down $5,903,451 (-72%) from 2021

Expenses

Down

$2,100,396

Down $2,374,382 (-53%) from 2021

Net Income

Down

$190,588

Down $3,529,069 (-95%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2018: $13,666Liabilities 2018: $553,499Net Assets 2018: -$539,8332018Assets 2019: $234,882Liabilities 2019: $1,794,596Net Assets 2019: -$1,559,7142019Assets 2020: $1,549,420Liabilities 2020: $2,991,140Net Assets 2020: -$1,441,7202020Assets 2021: $3,688,458Liabilities 2021: $1,410,521Net Assets 2021: $2,277,9372021Assets 2022: $2,540,775Liabilities 2022: $72,250Net Assets 2022: $2,468,5252022Assets 2023: $5,665,476Liabilities 2023: $110,016Net Assets 2023: $5,555,4602023Assets 2024: $5,063,277Liabilities 2024: $87,147Net Assets 2024: $4,976,1302024

Highlighted filing

2022

Assets$2,540,775
Liabilities$72,250
Net Assets$2,468,525
Open 2022 Filing

Operations Trend

Revenue Growth3rd percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2018: $1,010,001Expenses 2018: $1,549,834Net Income 2018: -$539,8332018Revenue 2019: $4,029,511Expenses 2019: $5,049,392Net Income 2019: -$1,019,8812019Revenue 2020: $10,777,600Expenses 2020: $10,659,606Net Income 2020: $117,9942020Revenue 2021: $8,194,435Expenses 2021: $4,474,778Net Income 2021: $3,719,6572021Revenue 2022: $2,290,984Expenses 2022: $2,100,396Net Income 2022: $190,5882022Revenue 2023: $893,044Expenses 2023: $1,662,472Net Income 2023: -$769,4282023Revenue 2024: $1,049,943Expenses 2024: $1,629,273Net Income 2024: -$579,3302024

Highlighted filing

2022

Revenue$2,290,984
Expenses$2,100,396
Net Income$190,588
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$2,301,256
Mission and Program Overview

Mission

The lake cunningham development trust was organized to raise capital to develop and enhance the recreational infrastructure at glenn cunningham lake, a city park in omaha, nebraska, to make the lake and surrounding grounds more attractive and accessible to the community.

To raise capital to develop and enhance the recreational infrastructure at glenn cunningham lake.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,188,023$1,589,722▲ $401,699
Pledges and Grants Receivable$2,258,000$664,000▼ $1,594,000
Land, Buildings, and Equipment, Net$234,765$265,271▲ $30,506
Prepaid Expenses and Deferred Charges-$14,112-
Total Assets$3,688,458$2,540,775▼ $1,147,683
Other Assets Total$7,670$7,670→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,302,308$0▼ $1,302,308
Accounts Payable and Accrued Expenses$108,213$72,250▼ $35,963
Total Liabilities$1,410,521$72,250▼ $1,338,271
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-460,157$1,266,465▲ $1,726,622
Net Assets With Donor Restrictions$2,738,094$1,202,060▼ $1,536,034
Total Net Assets Fund Balance$2,277,937$2,468,525▲ $190,588
Total Liabilities and Net Assets / Fund Balance$3,688,458$2,540,775▼ $1,147,683

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$153,334$36,430$189,764
Other Land Buildings$111,937$27,604$139,541
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Mickey AndersonChair
Calvin SissonBoard Member
Lisa RoskensBoard Member
Patrick AlstonBoard Member
Eric TirtilliSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$2,036,513
Program Service Revenue
$256,957
Investment Income
$0
Other Revenue
$-2,486
All Other Contributions
$2,036,513
Change in Net Assets
$190,588
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,422,212
Salaries, Compensation, and Employee Benefits$678,184
Total Fundraising Expense$251,559
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$227,702$242,849$85,992$556,543
Occupancy$32,788$104,798-$137,586
Advertising$52,941$33,263$20,358$106,562
Other Employee Benefits$32,107$34,242$12,125$78,474
Depreciation Depletion$10,766$33,082-$43,848
Payroll Taxes$17,661$18,836$6,670$43,167
Insurance$3,688$32,267$3,688$39,643
Office Expenses$41$31,153-$31,194
Fees for Services Accounting$2,216$22,824$2,216$27,256
Other Expenses$9,115$16,947$120,000$26,062
All Other Expenses$1,813$10,246-$12,059
Interest$9,767--$9,767
Fees for Services Legal$510$5,250$510$6,270
Total Functional Expenses$1,203,656$645,181$251,559$2,100,396
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$10,272
Fundraising Gross Income$7,786
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
Audit committee
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
Yes
Other officer compensation reviewed
Yes
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

“A draft of the form 990 was provided to all board members for review and approval prior to filing the form 990.”

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

“All officers and directors sign acknowledgement of the conflict of interest policy on an annual basis.”

Form 990, Part VI, Section B, Line 15

“The compensation is based on market salaries for comparable jobs & responsibilities and approved by the board.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Lake Cunningham Development Trust
EIN
82-5231670
Phone
4029345656
Address
8305 RAINWOOD ROAD, OMAHA, NE 68122

Signing Officer

Name
Mickey Anderson
Title
President
Phone
4029345656
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mickey Anderson
Formed
2018
Legal Domicile
Ne
Voting Board Members
5
Independent Board Members
5
Employees
24
Volunteers
0

Preparer

Firm
Bland & Associates
Address
450 REGENCY PARKWAY, OMAHA, NE 68114
Preparer
Mike Muller
Phone
4023978822
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The organization has received exemption from income taxes under section 501(c)(3) of the internal revenue code and is not classified as a private foundation. As such, no provision for income taxes is reflected in the financial statements. The organization files form 990, return of organization exempt from income tax, in the u.s. Federal and state jurisdictions. As of december 31, 2022, the organization has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. Tax years subsequent to 2018 remain subject to examination by major tax jurisdictions. The organization has concluded that there are no significant uncertain tax positions requiring disclosure, and there are no material amounts of unrecognized tax benefits.”

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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/MissionDesc0THE LAKE CUNNINGHAM DEVELOPMENT TRUST WAS ORGANIZED TO RAISE CAPITAL TO DEVELOP AND ENHANCE THE RECREATIONAL INFRASTRUCTURE AT GLENN CUNNINGHAM LAKE, A CITY PARK IN OMAHA, NEBRASKA, TO MAKE THE LAKE AND SURROUNDING GROUNDS MORE ATTRACTIVE AND ACCESSIBLE TO THE COMMUNITY.
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt04029311
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01010000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt025930712
IRS990ScheduleA/TotalSupportAmt025930713
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0153334
IRS990ScheduleD/EquipmentGrp/DepreciationAmt036430
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0189764
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0111937
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt027604
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0139541
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS RECEIVED EXEMPTION FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. AS SUCH, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THE FINANCIAL STATEMENTS. THE ORGANIZATION FILES FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, IN THE U.S. FEDERAL AND STATE JURISDICTIONS. AS OF DECEMBER 31, 2022, THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. TAX YEARS SUBSEQUENT TO 2018 REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS. THE ORGANIZATION HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING DISCLOSURE, AND THERE ARE NO MATERIAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0265271
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT OF THE FORM 990 WAS PROVIDED TO ALL BOARD MEMBERS FOR REVIEW AND APPROVAL PRIOR TO FILING THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL OFFICERS AND DIRECTORS SIGN ACKNOWLEDGEMENT OF THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE COMPENSATION IS BASED ON MARKET SALARIES FOR COMPARABLE JOBS & RESPONSIBILITIES AND APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
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 B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
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IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt02540775
IRS990/TotalAssetsGrp/BOYAmt03688458
IRS990/TotalAssetsGrp/EOYAmt02540775
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02036513
IRS990/TotalEmployeeCnt024
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0251559
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0645181
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01203656
IRS990/TotalFunctionalExpensesGrp/TotalAmt02100396
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01410521
IRS990/TotalLiabilitiesEOYAmt072250
IRS990/TotalLiabilitiesGrp/BOYAmt01410521
IRS990/TotalLiabilitiesGrp/EOYAmt072250
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02277937
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02468525
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01203656
IRS990/TotalProgramServiceRevenueAmt0256957
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0-2486
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0256957
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02290984
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03688458
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02540775
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08305 RAINWOOD ROAD
IRS990/USAddress/CityNm0OMAHA
IRS990/USAddress/StateAbbreviationCd0NE
IRS990/USAddress/ZIPCd068122
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MICKEY ANDERSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04029345656
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAKE CUNNINGHAM DEVELOPMENT TRUST
ReturnHeader/Filer/BusinessNameControlTxt0LAKE
ReturnHeader/Filer/EIN0825231670
ReturnHeader/Filer/PhoneNum04029345656
ReturnHeader/Filer/USAddress/AddressLine1Txt08305 RAINWOOD ROAD
ReturnHeader/Filer/USAddress/CityNm0OMAHA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NE
ReturnHeader/Filer/USAddress/ZIPCd068122
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0470698853
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BLAND & ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0450 REGENCY PARKWAY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OMAHA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd068114
ReturnHeader/PreparerPersonGrp/PhoneNum04023978822
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MIKE MULLER
ReturnHeader/ReturnTs02023-11-14T15:48:22-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MICKEY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ANDERSON
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,540,775
Liabilities
$72,250
Net assets
$2,468,525
Revenue
$2,290,984
Expenses
$2,100,396
Net income
$190,588
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.06$0.09$4.98$1.05$1.63$0.58
2023Detailed filing. Detailed filing data is available for this year.$5.67$0.11$5.56$0.89$1.66$0.77
2022Detailed filing. Detailed filing data is available for this year.$2.54$0.07$2.47$2.29$2.10$0.19
2021Detailed filing. Detailed filing data is available for this year.$3.69$1.41$2.28$8.19$4.47$3.72
2020Detailed filing. Detailed filing data is available for this year.$1.55$2.99$1.44$10.8$10.7$0.12
2019Detailed filing. Detailed filing data is available for this year.$0.23$1.79$1.56$4.03$5.05$1.02
2018Detailed filing. Detailed filing data is available for this year.$0.01$0.55$0.54$1.01$1.55$0.54