Overview
What is Lake Minnetonka Association?
The Lake Minnetonka Association is a nonprofit organization based in Excelsior, Minnesota. Its primary mission is to preserve and sustain the lake's health, serving as a valuable resource for the public, lakeshore owners, and businesses. They achieve this by advocating for responsible lake usage and administering, monitoring, and funding aquatic invasive species control programs. Additionally, they produce educational content through newsletters and various media, aiming to inform and engage the community in maintaining the lake's well-being. The Association's work encompasses administering, monitoring, and paying for programs that combat invasive species, ensuring the long-term sustainability of Lake Minnetonka.
Official website here: www.lmassociation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star Rating
The Lake Minnetonka Association holds a solid Three-Star rating from Charity Navigator, reflecting an 83% score focused entirely on Accountability & Finance. This rating indicates that the organization is well-managed, with a strong emphasis on financial transparency and governance. The organization boasts a fully independent board, with all ten members conforming to best practices, which contributes positively to its overall rating.
Strengths of the Lake Minnetonka Association include high scores for crucial accountability measures such as having a conflict of interest policy and documenting board meeting minutes. Additionally, the organization shows a commendable program expense ratio of 84.21%, demonstrating that a significant portion of its resources is directed toward its mission-related activities. The absence of any material diversion of assets further underscores its integrity and reliability.
However, there are a few areas for improvement, notably the lack of a whistleblower policy and a document retention and destruction policy, which are important for safeguarding against potential governance issues. While these limitations are minor in comparison to its overall strengths, addressing them would enhance the organization’s commitment to transparency and accountability even further.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Minnetonka Association legitimate?
Lake Minnetonka Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Minnetonka Association 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.lmassociation.org
What is the mission statement of Lake Minnetonka Association?
The Lake Minnetonka Association's mission is to preserve and manage the lake responsibly. They serve as a source of information and advocate for the public, lakeshore owners, and businesses. The Association administers, monitors, and funds programs aimed at controlling aquatic invasive species. Additionally, they produce educational programs, disseminating information through newsletters and various media.
Official website here: www.lmassociation.org
What is the revenue of Lake Minnetonka Association?
Lake Minnetonka Association's revenue in 2023 was $267,132.
Official website here: www.lmassociation.org
Who are the executives of Lake Minnetonka Association and what are their salaries?
Here are 10 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
Official website here: www.lmassociation.org
Where can I find the form 990 for Lake Minnetonka Association?
Lake Minnetonka Association's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lmassociation.org
Learn more at the official website: www.lmassociation.org
Mission Statement of Lake Minnetonka Association
The Lake Minnetonka Association, a prominent nonprofit organization, is committed to preserving and fostering sustainable use of Lake Minnetonka. Acting as a valuable source of information and advocate for the public, lakeshore owners, and businesses, the Association works tirelessly to ensure the lake's health and well-being.
One of the key aspects of the Association's mission is the administration, monitoring, and funding of aquatic invasive species control programs. This crucial work aims to maintain the balance of aquatic life within the lake and prevent harmful invasive species from causing damage.
In addition to its conservation efforts, the Lake Minnetonka Association also takes on an educational role. Through newsletters and various media, the organization produces and disseminates educational programs, keeping the community informed about the lake's health and the steps being taken to protect it. These efforts demonstrate the Association's dedication to promoting smart and responsible use of Lake Minnetonka for the benefit of all who enjoy its waters.
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 Lake Minnetonka Association plays a crucial role in promoting the preservation and reasonable use of Lake Minnetonka. By actively advocating for the public, lakeshore owners, and businesses, the association serves as an important information source and steward for the lake. One of its significant impacts is the administration, monitoring, and funding of aquatic invasive species control programs, which are essential for maintaining the health and sustainability of the lake ecosystem. Additionally, the association conducts education programs through newsletters and other media to raise awareness about environmental issues related to Lake Minnetonka. Through its efforts, the Lake Minnetonka Association contributes to safeguarding the environment and promoting responsible lake usage.
This information is meant to be a general summary of Lake Minnetonka Association. 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: $70
- Gross Receipts: $267,132
Assets and Liabilities:
- Total Assets: $409,888
- Total Liabilities: $3,900
- Net Assets: $405,988
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2006
Principal Officer
Lee Harren
Website
www.lmassociation.orgNTEE Category
Code: C30 - Environment
If you are a representative of Lake Minnetonka Association 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.