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Nonprofit · EIN 41-1412699

KORONIS LAKE ASSOCIATION INC

Tax-exempt · PAYNESVILLE, MN 56362

Financials

$194K$142K2022$164K$148K2023
Revenue Expenses · by fiscal year end
Financials of KORONIS LAKE ASSOCIATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2024990$163,787$148,003$15,784$345,675$0$345,675
June 30, 2023990$193,711$141,899$51,812$289,891$0$289,891
Financial details: 990 for the year ended June 30, 2024

Revenue

Contributions, gifts and grants
$143,929
Program service revenue
$0
Investment income
$826
Net income from gaming
$19,032
Other revenue
$19,032

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$2,302
Program services (functional)
$140,482
Management and general (functional)
$7,521

Balance sheet and other

Total assets, start of year
$289,891
Total assets, end of year
$345,675
Total liabilities, end of year
$0
Net assets, end of year
$345,675
Net assets without donor restrictions
$345,675
Gross unrelated business income
$19,032
Gross receipts
$1,639,525
Employees
0

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2024, highest compensation first.

NameTitleHours / weekCompensation
JOE BURBACHDIRECTOR
Officer
1$0
AMY ERDMANNDIRECTOR
Officer
1$0
EZRI FARNUMPRESIDENT
Officer
1$0
KEVIN FARNUMDIRECTOR
Officer
1$0
HUDSON GRAYDIRECTOR
Officer
1$0
JOSEPH KLOCKERVICE PRESIDE
Officer
1$0
SHANNA KLOCKERDIRECTOR
Officer
1$0
RAY LANNINGDIRECTOR
Officer
1$0
ANDY WENDROTHDIRECTOR
Officer
1$0
DAN ZEIGLERDIRECTOR
Officer
1$0
990 for the year ended June 30, 2023: 11 people
NameTitleHours / weekCompensation
AMY ERDMANNDIRECTOR
Officer
1$0
EZRI FARNUMPRESIDENT
Officer
1$0
KEVIN FARNUMDIRECTOR
Officer
1$0
RILEY FLANDERSDIRECTOR
Officer
1$0
HUDSON GRAYDIRECTOR
Officer
1$0
KEN HESSDIRECTOR
Officer
1$0
JOSEPH KLOCKERVICE PRESIDE
Officer
1$0
SHANNA KLOCKERSECRETARY
Officer
1$0
RAY LANNINGDIRECTOR
Officer
1$0
ANDY WENDROTHDIRECTOR
Officer
1$0
DAN ZEIGLERDIRECTOR
Officer
1$0

Address and contacts

Address (IRS master file)
PO BOX 333, PAYNESVILLE, MN 56362-0333
In care of
% ALAN HABBEN
Mailing address (990-N for 2016)
PO BOX 333, PAYNESVILLE MN 56362
Principal officer (990 for 2023)
EZRI FARNUM, PO BOX 333, PAYNESVILLE, MN 56362
Principal officer (990-N for 2016)
KEVIN FARNUM, PO BOX 333, PAYNESVILLE MN 56362
Signed the 990
EZRI FARNUM, PRESIDENT
Phone
(320) 243-3459
Return prepared by
CHRISTIANSON PLLP

Mission

TO PROMOTE THE PROTECTION AND IMPROVEMENT OF LAKE KORONIS

990 for the year ended June 30, 2024

Program accomplishments

  • PROTECTION AND IMPROVEMENT OF LAKE KORONIS
    Expenses $140,482

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025Not on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
41-1412699
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1982
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$345,675
Income (IRS master file)
$1,639,525

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2024$163,787$148,003$345,675IRS
990-TJune 2024–––IRS
990June 2023$193,711$141,899$289,891XML
990-EZJune 2022–––IRS
990-EZJune 2021–––IRS
990June 2019–––IRS
990-N for 2016
Officer: KEVIN FARNUM
June 30, 2017≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-1412699).

Questions about KORONIS LAKE ASSOCIATION INC

What is the EIN of KORONIS LAKE ASSOCIATION INC?
The employer identification number (EIN) of KORONIS LAKE ASSOCIATION INC is 41-1412699.
Is KORONIS LAKE ASSOCIATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
Are donations to KORONIS LAKE ASSOCIATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does KORONIS LAKE ASSOCIATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of KORONIS LAKE ASSOCIATION INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did KORONIS LAKE ASSOCIATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2024.
Who is the principal officer of KORONIS LAKE ASSOCIATION INC?
The 990 for the year ended June 30, 2024 names EZRI FARNUM.
Who are the officers and directors of KORONIS LAKE ASSOCIATION INC?
The 990 for the year ended June 30, 2024 lists 10 people; 0 received compensation from the organization.
How much revenue does KORONIS LAKE ASSOCIATION INC have?
On its 990 for the year ended June 30, 2024 it reported revenue of $163,787, expenses of $148,003 and total assets of $345,675 at year end.

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