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Osakis Lake Association Inc

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

EIN: 912038728 ✦ Osakis, MN ✦ Designated as a 501(c)(3)

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Overview

What is Osakis Lake Association Inc?

Osakis Lake Association Inc is a nonprofit organization based in Osakis, Minnesota, with a team of two dedicated individuals. Their mission revolves around restoring, enhancing, and protecting the fishery and water quality of Lake Osakis, while also improving, managing, and preserving the local environment contiguous to the lake and its watershed. The association supports the rights and interests of its members and property owners, and aims to develop working relationships with agencies, organizations, and individuals. Furthermore, they have been actively managing and monitoring AIS (Aquatic Invasive Species) for 840 property owners, and have removed bog for 50 property owners since 2016. The organization also appears to have an educational focus, aiming to educate and build relationships within the community.

Is Osakis Lake Association Inc legitimate?

Osakis Lake Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Osakis Lake Association 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Osakis Lake Association Inc?

The Osakis Lake Association Inc is dedicated to restoring, enhancing, and protecting the fishery and water quality of Lake Osakis. They aim to improve, manage, and preserve the local environment contiguous to the lake and its watershed. This non-profit organization also supports the rights and interests of its members and property owners. They strive to develop working relationships with agencies, organizations, and individuals. In addition, they educate and work towards maintaining a healthy lake ecosystem by managing and monitoring Aquatic Invasive Species (AIS) for over 800 property owners and removing bogs for about 50 property owners since 2016.

Who is the CEO of Osakis Lake Association Inc?

Bruce Magnus is the Gambling Manager of Osakis Lake Association Inc.

What is the revenue of Osakis Lake Association Inc?

Osakis Lake Association Inc's revenue in 2022 was $118,589.

Who are the executives of Osakis Lake Association Inc and what are their salaries?

There are 2 employees at Osakis Lake Association Inc.


Here are 5 key members and their salaries:


Tara Gimbel (Gambling Manager)
  • Compensation: $13,267
  • Related: $0
  • Other: $0
Mike Helwig (Secretary)
  • Compensation: $800
  • Related: $0
  • Other: $0
Bruce Magnus (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doug Schmidt (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephanie Mckee (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Osakis Lake Association Inc?

Osakis Lake Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Osakis Lake Association Inc

The Osakis Lake Association Inc, a dedicated organization, is committed to the mission of restoring, enhancing, and protecting the fishery and water quality of Lake Osakis. Their efforts extend beyond the lake, encompassing the local environment contiguous to the lake and its watershed. The Association strives to support the rights and interests of its members and property owners, fostering a sense of community and shared responsibility.

In addition to preserving the natural beauty of the lake and its surroundings, the Osakis Lake Association Inc actively engages in various initiatives aimed at improving and managing the local environment. They have undertaken AIS (Aquatic Invasive Species) management and monitoring for over 840 property owners, ensuring the health and sustainability of the lake ecosystem. Furthermore, they have undertaken bog removal for 50 property owners since 2016, demonstrating their commitment to maintaining the pristine condition of the lake.

The Osakis Lake Association Inc also seeks to establish working relationships with agencies, organizations, and individuals. This collaboration is essential in achieving their mission and ensuring the long-term preservation of Lake Osakis and its surroundings. They are an active and proactive organization, dedicated to the well-being of their community and the environment they share.

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Impact




June, 2024

Osakis Lake Association Inc's impact is significant in restoring, enhancing, and protecting the fishery and water quality of Lake Osakis. Their efforts include managing and monitoring aquatic invasive species for 840 property owners and conducting bog removal for 50 property owners since 2016. They also work towards improving, managing, and preserving the local environment surrounding the lake and its watershed. Additionally, the organization supports the rights and interests of its members and property owners, while also engaging in educational initiatives and developing working relationships with agencies, organizations, and individuals. Overall, Osakis Lake Association Inc plays a vital role in safeguarding the environment and ecosystem of Lake Osakis and its surrounding areas.




This information is meant to be a general summary of Osakis Lake Association 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
$118,589 (2022)
Expenses
$85,501 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $228
  • Program Service Revenue: $54,944
  • Gross Receipts: $1,472,433

Assets and Liabilities:

  • Total Assets: $93,472
  • Total Liabilities: $0
  • Net Assets: $93,472

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

WALLEYE STOCKING

Revenue

$15,584

BOG

Revenue

$160

CURLYLEAF

Revenue

$39,200

Organization Details

Founding Year

1977

Principal Officer

Bruce Magnus

Main Address

13319 FALCON DRIVE, OSAKIS, MN, 56360

NTEE Category

Code: C30 - Environment

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