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Lost River Trails Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 411921468 ✦ Kelliher, MN ✦ Designated as a 501(c)(7)

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Overview

What is Lost River Trails Inc?

Lost River Trails Inc is a nonprofit organization primarily dedicated to offering recreational activities in Northern Minnesota. The organization has consistently seen high levels of activity during the winter seasons, as indicated by data from both the US Forest Service and the MN DNR in 2014, 2017, and 2018. Their primary mission is to ensure the safety and maintenance of groomed snowmobile trails for public use. They strive to cater to the recreational needs of the community, providing a fun and enjoyable outdoor experience.

Is Lost River Trails Inc legitimate?

Lost River Trails Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Lost River Trails Inc submitted a form 990EZ, 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.

What is the mission statement of Lost River Trails Inc?

Lost River Trails Inc's primary mission is centered around public recreational use, specifically in relation to snowmobiling. The organization aims to provide safe and groomed trails for enthusiasts, as evidenced by the consistently active recreational seasons reported in 2014, 2017, and 2018, based on data from the US Forest Service and the MN DNR. The mission of Lost River Trails Inc is to ensure an enjoyable and secure experience for snowmobile riders, fostering a sense of community and promoting the enjoyment of the outdoors.

Who is the CEO of Lost River Trails Inc?

Wade Rennemo is the President of Lost River Trails Inc.

What is the revenue of Lost River Trails Inc?

Lost River Trails Inc's revenue in 2022 was $52,063.

Who are the executives of Lost River Trails Inc and what are their salaries?


Here are 7 key members and their salaries:


David Hanson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Franklyn Hand (Treasurer)
  • Compensation: $550
  • Related: $0
  • Other: $0
Scott Waldo (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ray Berger (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Don Nelson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brent Eggen (Secretary)
  • Compensation: $300
  • Related: $0
  • Other: $0
Wade Rennemo (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Lost River Trails Inc?

Lost River Trails Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Lost River Trails Inc

Lost River Trails Inc is dedicated to providing public recreational opportunities in northern Minnesota. The organization's mission is evident in the data from the US Forest Service and the MN DNR, which indicates extremely active recreational seasons in 2014, 2017, and 2018. During these periods, Lost River Trails Inc played a significant role in ensuring safe and well-groomed snowmobile trails for the enjoyment of recreational enthusiasts. The organization's commitment to its mission has contributed to the popularity of these trails, making Lost River Trails Inc a significant player in the recreational scene in northern Minnesota.

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Impact




October, 2024

Lost River Trails Inc. plays a vital role in enhancing recreational opportunities in northern Minnesota. By providing safe and groomed snowmobile trails, the organization significantly contributes to the local recreational infrastructure, allowing residents and visitors alike to explore the natural beauty of the region.

Data from the U.S. Forest Service and the Minnesota Department of Natural Resources indicate robust recreational activity on these trails, with extremely active seasons recorded in 2014, 2017, and 2018. This consistent high level of engagement not only underscores the importance of well-maintained trails for outdoor activities but also promotes tourism and local economic development.

The organization’s commitment to public recreational use ensures that outdoor enthusiasts have reliable access to quality trails, fostering a sense of community and encouraging healthy lifestyles through outdoor activities.




This information is meant to be a general summary of Lost River Trails 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.

Revenue
$52,063 (2022)
Expenses
$60,712 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $138
  • Program Service Revenue: $51,241
  • Gross Receipts: $52,063

Assets and Liabilities:

  • Total Assets: $89,952
  • Total Liabilities: $730
  • Net Assets: $89,222

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Organization Details

Principal Officer

Wade Rennemo

Main Address

25284 HIGHWAY 1 NE, KELLIHER, MN, 56650

NTEE Category

Code: N50 - Recreation

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