2024-10-31T04:56:42-05:00 2023-12-31 200472826 BGM CPA LLC 7900 INTERNATIONAL DR STE 800 BLOOMINGTON MN 554251581 990 2023-01-01 411288821 BAY LAKE IMPROVEMENT ASSOCIATION ENVIRONMENTAL FUND BAYL 9524752904 17288 BATTLE POINT RD DEERWOOD MN 564448574 MARK FERIANCEK TREASURER 9524752904 2024-10-30 1 1 NATHAN PANNING P01428684 9528442500 2024-10-30 2023 2024-10-15 13:58:12Z MARK FERIANCEK 17288 BATTLE POINT RD DEERWOOD MN 564448574 372236 0 X WWW.BAYLAKE.ORG X 1970 MN PRESERVE AND ENHANCE THE NATURAL ENVIRONMENT OF BAY LAKE. 17 17 0 29 0 0 206369 211040 3663 5691 2239 25775 127182 129730 339453 372236 0 0 0 0 0 0 0 0 0 213713 303908 213713 303908 125740 68328 961483 1035053 22304 13005 939179 1022048 PRESERVE AND ENHANCE THE NATURAL ENVIRONMENT OF BAY LAKE. 0 0 238558 SEARCH FOR EURASION WATER MILFOIL IN BAY LAKE AND TREAT WITH HERBICIDES. PLANTINGS FOR SHORELINES. 238558 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 0 0 0 0 0 1 1 0 0 0 0 0 X 17 17 0 0 0 0 1 1 0 1 1 0 0 1 0 0 0 0 0 0 MN X MARK FERIANCEK 6123856384 17288 BATTLE POINT RD DEERWOOD MN 56444 X PHILLIP ROLLINS DIRECTOR 1.00 X 0 0 0 TERRY COSS PRESIDENT 1.00 X X 0 0 0 MARK FERIANCEK TREASURER 1.00 X X 0 0 0 CHRIS RUTTGER SECRETARY 1.00 X X 0 0 0 DAVID DEVINS DIRECTOR 1.00 X 0 0 0 JOSH GOOLSBEE DIRECTOR 1.00 X 0 0 0 AMY GRADY VICE PRESIDENT 1.00 X X 0 0 0 PHIL MALKERSON DIRECTOR 1.00 X 0 0 0 BOBBIE KELLER DIRECTOR 1.00 X 0 0 0 JENNIFER QUALEN DIRECTOR 1.00 X 0 0 0 MATT QUALEN DIRECTOR 1.00 X 0 0 0 BRENT SOUDER DIRECTOR 1.00 X 0 0 0 ALLY OAKES DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 30499 180541 211040 SALE OF PRODUCT 900099 5691 5691 5691 25775 25775 115769 0 115769 115769 MISCELLANEOUS REVENUE 900099 13961 13961 13961 372236 19652 0 141544 X 9820 9820 1075 1075 9739 9739 4574 4574 3619 3619 MILFOIL TREATMENTS 103461 103461 COST OF FIREWORKS 32000 32000 DIVING 31000 31000 PROGRAM AND SOCIAL 24217 24217 84403 47880 36523 303908 238558 65350 0 141217 90369 813608 684687 6658 15900 244097 961483 1035053 13730 12000 8574 1005 22304 13005 X 176462 192678 762717 829370 939179 1022048 961483 1035053 68328 14541 0 X X 0 1 X 1 1 0 X 192352 185911 204183 206369 211040 999855 37180 1161 81682 115821 115769 351613 229532 187072 285865 322190 326809 1351468 0 0 0 1351468 8288 8557 5916 2239 25775 50775 8288 8557 5916 2239 25775 50775 6293 484 14963 11361 13961 47062 244113 196113 306744 335790 366545 1449305 0.93250 0.94610 0.03500 0.02200 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 INVESTMENTS 244097 F 244097 X 386777 14541 14541 372236 0 372236 303908 0 303908 0 303908 PART X, LINE 2: THE ORGANIZATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THE COMPARABLE SECTION OF THE MINNESOTA INCOME TAX STATUTES. IT HAS BEEN CLASSIFIED AS AN ASSOCIATION THAT IS NOT A PRIVATE FOUNDATION UNDER THE INTERNAL REVENUE CODE AND CONTRIBUTIONS BY DONORS ARE TAX DEDUCTIBLE. DURING THE YEAR ENDED DECEMBER 2023, THE ORGANIZATION HAD NO UNRELATED BUSINESS INCOME. THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ISSUED GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT EVALUATED THE COMMUNITY'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISION OF THIS GUIDANCE. THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2016. INTEREST AND PENALTIES ARE CLASSIFIED AS EXPENSE AS INCURRED. X 0 RUNTILLA 115769 115769 115769 115769 115769 FORM 990, PART VI, SECTION A, LINE 6 ALL MEMBERS OF THE ASSOCIATION ARE ELIGIBLE TO VOTE AT THE ANNUAL MEETING FOR OFFICERS AND DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS OF THE ASSOCIATION ARE ELIGIBLE TO VOTE AT THE ANNUAL MEETING FOR OFFICERS AND DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED AND SIGNED BY THE TREASURER, CHRIS GONDECK. FORM 990, PART VI, SECTION B, LINE 12 OFFICERS AND DIRECTORS ARE REQUIRED TO DISCLOSE CONFLICTS OF INTEREST AND CONFLICTS ARE EVALUATED FOR MATERIALITY. FORM 990, PART VI, SECTION C, LINE 19 OUR GOVERNING DOCUMENTS, POLICIES, AND FINANCIALS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 24E DATABASE MANAGEMENT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 21,318. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 21,318. BOAT INSPECTIONS: PROGRAM SERVICE EXPENSES 15,013. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,013. GRANT & CONTRACT EXPENSE: PROGRAM SERVICE EXPENSES 11,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,000. RUNTILLA EXPENSE: PROGRAM SERVICE EXPENSES 9,694. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,694. MATERIALS AND SUPPLIES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 7,415. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,415. MILFOIL / WATER QUALITY: PROGRAM SERVICE EXPENSES 6,926. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,926. HOLIDAY PARTY EXPENSE: PROGRAM SERVICE EXPENSES 5,247. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,247. MEMBERSHIP DUES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 4,050. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,050. OTHER EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,000. BANK FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,740. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,740. FORM 990, PART XII, LINE 2C THERE HAVE NOT BEEN ANY CHANGES IN THE OVERSIGHT PROCESS.