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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 81-3649096

LAKE EFFECT CONSERVANCY

Tax-exempt · WAYZATA, MN 55391

Financials

$1.3M$635K2023$184K$811K2024
Revenue Expenses · by fiscal year end
Financials of LAKE EFFECT CONSERVANCY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$184,101$811,427-$627,326$173,592$0$173,592
December 31, 2023990$1,307,388$634,628$672,760$800,918$0$800,918
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$167,097
Program service revenue
$0
Investment income
$17,004
Other revenue
$0

Expenses

Grants and similar amounts paid
$700,892
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$970
Program services (functional)
$708,392
Management and general (functional)
$96,186
Fundraising (functional)
$6,849

Balance sheet and other

Total assets, start of year
$800,918
Total assets, end of year
$173,592
Total liabilities, end of year
$0
Net assets, end of year
$173,592
Net assets without donor restrictions
$173,592
Gross receipts
$184,101
Employees
0
Volunteers
20
Year formed
2016
State of legal domicile
MN

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
BARRY J CARLSONDIRECTOR
Trustee or director
2$0
BLAKE SANDVOLDCHAIR
Trustee or director, Officer
2$0
BOB AMBROSEDIRECTOR
Trustee or director
2$0
DAN KOCHTREASURER
Trustee or director, Officer
2$0
FRANK BOMIERDIRECTOR
Trustee or director
2$0
MADDIE MITHUNDIRECTOR
Trustee or director
2$0
TORY SCHALKLEDIRECTOR
Trustee or director
2$0
JOY SZARKESECRETARY
Trustee or director, Officer
2$0
DR CHARLES YANCEYDIRECTOR
Trustee or director
2$0
HARRY JOHNSONDIRECTOR
Trustee or director
2$0
MARK SCHOLTESDIRECTOR
Trustee or director
2$0
990 for the year ended December 31, 2023: 13 people
NameTitleHours / weekCompensation
ANDREW MULLINDIRECTOR
Trustee or director
2$0
BARRY J CARLSONDIRECTOR
Trustee or director
2$0
BLAKE SANDVOLDCHAIR
Trustee or director, Officer
2$0
BOB AMBROSEDIRECTOR
Trustee or director
2$0
DAN KOCHTREASURER
Trustee or director, Officer
2$0
FRANK BOMIERDIRECTOR
Trustee or director
2$0
GEORGE LEEDIRECTOR
Trustee or director
2$0
SARAH DIETRICHDIRECTOR
Trustee or director
2$0
TORY SCHALKLEDIRECTOR
Trustee or director
2$0
JOY SZARKESECRETARY
Trustee or director, Officer
2$0
DR CHARLES YANCEYDIRECTOR
Trustee or director
2$0
KEVIN PETERSONDIRECTOR
Trustee or director
2$0
HARRY JOHNSONDIRECTOR
Trustee or director
2$0

Address and contacts

Address (IRS master file)
294 GROVE LN E STE 100, WAYZATA, MN 55391-1681
Mailing address (990-N for 2016)
600 RICE STREET EAST, WAYZATA MN 55391
Principal officer (990 for 2024)
BLAKE SANDVOLD, 294 GROVE LANE EAST 100, WAYZATA, MN 55391
Principal officer (990-N for 2016)
TYLER PURDY, 600 RICE STREET EAST, WAYZATA MN 55391
Signed the 990
BLAKE SANDVOLD, CHAIR
Phone
(612) 384-8992
Return prepared by
CARPENTER EVERT & ASSOCIATES LTD

Mission

THE LAKE EFFECT CONSERVANCY IS A NONPROFIT ORGANIZATION THAT SERVES AS AN ADVOCATE AND FUNDRAISING AGENCY FOR THE PANOWAY ON WAYZATA BAY INITIATIVE, A PUBLIC-PRIVATE PARTNERSHIP WITH THE CITY OF WAYZATA. THE GOAL OF THIS INITIATIVE IS TO PRESERVE AND ENHANCE THE CITY'S GREATEST ASSET, LAKE MINNETONKA, FOR FUTURE GENERATIONS AND TO HELP IMPROVE THE LAKESIDE ECOSYSTEM WITH SIGNIFICANT BENEFITS TO THE COMMUNITY.

990 for the year ended December 31, 2024

Program accomplishments

  • CONSTRUCTION OF PHASE 2 WAS COMPLETED IN JUNE 2024. THIS INCLUDED A 1,200 FOOT-LONG LAKEWALK THAT STRETCHES ALONG A RESTORED SHORELINE OF LAKE MINNETONKA FROM BROADWAY AVE TO THE DEPOT. THE LAKEWALK OPENEND TO THE PUBLIC IN JUNE 2024, AND QUICKLY BECAME A POPULAR COMMNUITY ASSET. PRIVATE FUNDS RAISED THROUGH THE LAKE EFFECT CONSERVANCY HELPED PAY FOR THE IMPROVEMENTS OF PHASE 2 IN 2024. CONTRIBUTIONS TO THE CITY OF WAYZATA FOR PHASE 2 TOTALED OVER $700,000 IN 2024. WE CONTINUED OUR EFFORTS IN RAISING FUNDS AND AWARENESS OF PHASE 3 OF THE PANOWAY PROJECT, WHICH INCLUDES PRESERVATION AND RENOVATION OF THE SECTION FOREMAN HOUSE AND THE ECO PARK. WE RECEIVED OVER $12,000 OF DONATIONS EARMARKED FOR THIS PHASE OF THE PROJECT IN 2024.
    Expenses $708,392 · grants $700,892

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

File the 2025 990-EZ for LAKE EFFECT CONSERVANCY

Due May 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
81-3649096
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
2016
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Environment (C32)
Assets (IRS master file)
$173,592
Income (IRS master file)
$184,101

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$184,101$811,427$173,592XML
990December 2023$1,307,388$634,628$800,918XML
990December 2022$235,621$302,359$128,158IRS
990December 2021–––IRS
990December 2020–––IRS
990-EZDecember 2018–––IRS
990-N for 2016
Officer: TYLER PURDY
December 31, 2016≤ $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 81-3649096).

Questions about LAKE EFFECT CONSERVANCY

What is the EIN of LAKE EFFECT CONSERVANCY?
The employer identification number (EIN) of LAKE EFFECT CONSERVANCY is 81-3649096.
Is LAKE EFFECT CONSERVANCY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
Are donations to LAKE EFFECT CONSERVANCY tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LAKE EFFECT CONSERVANCY 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 LAKE EFFECT CONSERVANCY due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LAKE EFFECT CONSERVANCY last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of LAKE EFFECT CONSERVANCY?
The 990 for the year ended December 31, 2024 names BLAKE SANDVOLD.
Who are the officers and directors of LAKE EFFECT CONSERVANCY?
The 990 for the year ended December 31, 2024 lists 11 people; 0 received compensation from the organization.
How much revenue does LAKE EFFECT CONSERVANCY have?
On its 990 for the year ended December 31, 2024 it reported revenue of $184,101, expenses of $811,427 and total assets of $173,592 at year end.

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