Overview
What is North American Lake Management Society Inc?
North American Lake Management Society Inc, based in Madison, Wisconsin, is a nonprofit organization dedicated to the management and protection of lakes and reservoirs. They foster partnerships among citizens, scientists, and professionals to ensure the sustainability of these water bodies for current and future generations. Their activities primarily revolve around organizing various conferences, offering a platform for discussions on related topics. In 2022, approximately 530 individuals attended their International Symposium. Despite the focus on scientific and professional collaboration, their mission encompasses a broader scope, emphasizing the importance of community involvement in the conservation of our water resources. The organization currently employs 2 individuals.
Official website here: www.nalms.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 77%, Three-Star out of Four Star rating.
The North American Lake Management Society Inc has received a solid Three-Star rating from Charity Navigator, indicating a generally positive standing in accountability and finance. The organization demonstrates a strong commitment to governance, with 100% of its board members being independent and a robust material diversion of assets score of 10 out of 10. Their financial health is further reflected in a low liabilities to assets ratio of 10.78% and a high program expense ratio of 76.81%, signifying that a significant portion of their funds is directed towards their programs.
In addition to its solid financial practices, the organization excels in maintaining transparency and ethical standards. It has established policies for conflict of interest and whistleblower protection, both of which are critical in fostering trust and integrity within the nonprofit sector. The society also actively documents its board meeting minutes, showcasing a commitment to accountability and open governance.
While the organization shows strengths in various accountability metrics and has strong community engagement with an Equity Strategies Score of 81, it's essential to note that there may be areas for improvement. The overall score of 77 suggests potential opportunities for enhancement in certain practices or transparency measures to further elevate its effectiveness and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is North American Lake Management Society Inc legitimate?
North American Lake Management Society Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. North American Lake Management Society Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $74,005
Professional Fundraising Fees: $0
Other Salaries and Wages: $55,650
For more financial information, click here
Official website here: www.nalms.org
What is the mission statement of North American Lake Management Society Inc?
The North American Lake Management Society Inc aims to establish collaborations among citizens, scientists, and professionals to promote the management and protection of lakes and reservoirs for the present and future. Their mission is to foster such partnerships to ensure the sustainable and healthy conservation of these water bodies. To achieve this, the organization coordinates various conferences where members and other interested individuals can exchange ideas on topics related to lake and reservoir management and protection. In 2022, approximately 530 people attended the Society's International Symposium.
Official website here: www.nalms.org
What is the revenue of North American Lake Management Society Inc?
North American Lake Management Society Inc's revenue in 2023 was $899,924.
Official website here: www.nalms.org
Who are the executives of North American Lake Management Society Inc and what are their salaries?
The average compensation at North American Lake Management Society Inc during 2023 was $64,828. There are 2 employees and 25 volunteers at North American Lake Management Society Inc.
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- Compensation: $66,465
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- Other: $7,540
Official website here: www.nalms.org
Where can I find the form 990 for North American Lake Management Society Inc?
North American Lake Management Society Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.nalms.org
Learn more at the official website: www.nalms.org
Mission Statement of North American Lake Management Society Inc
The North American Lake Management Society, a renowned organization, aims to establish collaborations among citizens, scientists, and professionals to promote the management and protection of lakes and reservoirs for the present and future. This nonprofit's mission is substantiated by forging partnerships that foster the sustainable management and conservation of these vital water bodies.
To fulfill its mission, the Society organizes various conferences, offering a platform for members and others to engage and discuss topics related to the management and protection of lakes and reservoirs. In 2022, around 530 individuals participated in the Society's International Symposium, demonstrating the organization's ability to bring together a diverse group of stakeholders. This collaborative approach is essential for ensuring the long-term health and sustainability of our water resources.
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Impact
July, 2024
North American Lake Management Society Inc's impact can be seen in its efforts to forge partnerships among citizens, scientists, and professionals to foster the management and protection of lakes and reservoirs for today and tomorrow. Through coordinating various conferences, such as the recent international symposium that attracted approximately 530 attendees in 2022, the society provides a platform for members and others to meet and exchange views on topics related to the management and protection of lakes and reservoirs. This proactive approach aligns with the organization's mission to ensure the sustainability and preservation of these vital water resources.
This information is meant to be a general summary of North American Lake Management Society Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $3,696
- Program Service Revenue: $837,095
- Gross Receipts: $899,924
Assets and Liabilities:
- Total Assets: $635,090
- Total Liabilities: $97,428
- Net Assets: $537,662
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONFERENCES
Revenue
$702,273
MEMBERSHIP DUES
Revenue
$103,607
PUBLICATIONS
Revenue
$12,330
ADVERTISING REVENUE
Revenue
$11,745
CERTIFICATION FEES
Revenue
$6,140
Organization Details
Founding Year
2014
Principal Officer
Philip Forsberg
Website
www.nalms.orgNTEE Category
Code: C033 - Environment
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