Overview
What is Bay Lake Improvement Association Environmental Fund?
The Bay Lake Improvement Association Environmental Fund is a nonprofit organization based in Deerwood, Minnesota, specifically at 17288 Battle PT Rd. Their primary mission is to preserve and enhance the natural environment of Bay Lake by conducting searches for Eurasian water milfoil and treating it with herbicides. Additionally, they engage in planting activities along the lake's shorelines to maintain its aesthetic and ecological balance. In essence, this organization aims to protect and improve the overall health and beauty of Bay Lake for the benefit of its ecosystem and community.
Official website here: www.baylake.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star Rating
The Bay Lake Improvement Association Environmental Fund has received a 76% score, which translates to a three-star rating. This rating is based entirely on its accountability and finance practices. A notable strength of the organization is its governance structure, as it boasts a fully independent board of 13 members, which enhances its credibility. Furthermore, the organization has demonstrated effective financial management, with a low liabilities to assets ratio and a high percentage of expenses directed toward its programs.
However, there are several areas for improvement highlighted in the evaluation. The absence of conflict of interest and whistleblower policies raises concerns about governance transparency. Additionally, the lack of a document retention and destruction policy could pose risks for organizational integrity. Finally, the nonprofit did not post its tax form on its website, which is a missed opportunity for transparency and accountability.
Overall, while the Bay Lake Improvement Association Environmental Fund shows strong financial management and governance, addressing the noted deficiencies could enhance its overall rating and stakeholder confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Bay Lake Improvement Association Environmental Fund legitimate?
Bay Lake Improvement Association Environmental Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bay Lake Improvement Association Environmental Fund 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.baylake.org
What is the mission statement of Bay Lake Improvement Association Environmental Fund?
The Bay Lake Improvement Association Environmental Fund is dedicated to preserving and enhancing the natural environment of Bay Lake. Their mission is to search for the invasive Eurasian water milfoil and treat it with herbicides, as well as plantings for the shorelines. Their primary goal is to maintain the lake's pristine ecological state, promoting biodiversity and ecological balance.
Official website here: www.baylake.org
Who is the CEO of Bay Lake Improvement Association Environmental Fund?
Mark Feriancek is the Director of Bay Lake Improvement Association Environmental Fund.
Official website here: www.baylake.org
What is the revenue of Bay Lake Improvement Association Environmental Fund?
Bay Lake Improvement Association Environmental Fund's revenue in 2022 was $339,453.
Official website here: www.baylake.org
Who are the executives of Bay Lake Improvement Association Environmental Fund and what are their salaries?
There 86 volunteers at Bay Lake Improvement Association Environmental Fund.
Here are 13 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.baylake.org
Where can I find the form 990 for Bay Lake Improvement Association Environmental Fund?
Bay Lake Improvement Association Environmental Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.baylake.org
Learn more at the official website: www.baylake.org
Mission Statement of Bay Lake Improvement Association Environmental Fund
The Bay Lake Improvement Association Environmental Fund is dedicated to preserving and enhancing the natural environment of Bay Lake. Through their mission, they actively work towards maintaining the lake's ecological balance. A key part of their efforts involves the search for and treatment of Eurasian water milfoil, an invasive aquatic plant, using herbicides. Furthermore, they undertake plantings along the lake's shores to promote a thriving ecosystem and contribute to the overall beauty of the lake.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
June, 2024
The Bay Lake Improvement Association Environmental Fund plays a crucial role in preserving and enhancing the natural environment of Bay Lake in Deerwood, MN. They actively search for Eurasian water milfoil in the lake and treat it with herbicides to prevent its spread and protect the ecosystem. Additionally, they conduct plantings for shorelines to improve habitat and water quality. Through these efforts, the organization has a direct impact on maintaining the ecological balance of Bay Lake and ensuring the sustainability of its natural resources.
This information is meant to be a general summary of Bay Lake Improvement Association Environmental Fund. 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 2022.
- Investment Income: $2,239
- Program Service Revenue: $3,663
- Gross Receipts: $339,453
Assets and Liabilities:
- Total Assets: $961,483
- Total Liabilities: $22,304
- Net Assets: $939,179
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF PRODUCT
Revenue
$3,663
Organization Details
Founding Year
1970
Phone
(612) 325-2477Principal Officer
Mark Feriancek
Main Address
17288 BATTLE PT RD, DEERWOOD, MN, 56444
Website
www.baylake.orgNTEE Category
Code: C320 - Environment
If you are a representative of Bay Lake Improvement Association Environmental Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.