Nonprofit · EIN 91-2038728
OSAKIS LAKE ASSOCIATION INC
Tax-exempt · OSAKIS, MN 56360
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $164,222 | $65,143 | $99,079 | $345,620 | $55 | $345,565 |
| December 31, 2024 | 990 | $190,214 | $134,832 | $55,382 | $248,034 | $1,548 | $246,486 |
| December 31, 2023 | 990 | $152,195 | $54,563 | $97,632 | $192,109 | $1,005 | $191,104 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $79,982
- Membership dues
- $16,254
- Program service revenue
- $58,077
- Investment income
- $3,747
- Net income from fundraising events
- $807
- Net income from gaming
- $20,763
- Other revenue
- $22,416
Expenses
- Grants and similar amounts paid
- $1,800
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $65,143
Balance sheet and other
- Total assets, start of year
- $248,034
- Total assets, end of year
- $345,620
- Total liabilities, end of year
- $55
- Net assets, end of year
- $345,565
- Net assets without donor restrictions
- $345,565
- Gross unrelated business income
- $20,763
- Gross receipts
- $6,365,202
- Employees
- 5
- Year formed
- 1977
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRUCE MAGNUS | PRESIDENT Officer | 1 | $0 |
| DOUG SCHMIDT | VICE PRESIDENT Officer | 1 | $0 |
| ROXANNE MALUM | TREASURER Officer | 5 | $0 |
| MIKE HELWIG | SECRETARY Officer | 3 | $0 |
990 for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRUCE MAGNUS | PRESIDENT Officer | 1 | $0 |
| DOUG SCHMIDT | VICE PRESIDENT Officer | 1 | $0 |
| ROXANNE MALUM | TREASURER Officer | 5 | $0 |
| MIKE HELWIG | SECRETARY Officer | 3 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIKE HELWIG | SECRETARY Officer | 3 | $1,250 |
| BRUCE MAGNUS | PRESIDENT Officer | 1 | $0 |
| DOUG SCHMIDT | VICE PRESIDENT Officer | 1 | $0 |
| ROXANNE MALUM | TREASURER Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 102, OSAKIS, MN 56360-0102
- In care of
- % JAN ABELSETH
- Mailing address (990-N for 2020)
- 13319 Falcon Drive, OSAKIS MN 56360
- Principal officer (990 for 2025)
- BRUCE MAGNUS, 13319 FALCON DRIVE, OSAKIS, MN 56360
- Principal officer (990-N for 2020)
- Bruce Magnus, 13319 Falcon Drive, OSAKIS MN 56360
- Signed the 990
- BRUCE MAGNUS, PRESIDENT
- Phone
- (507) 951-1332
- Website
- OSAKISLAKEASSOCIATION.ORG
- Return prepared by
- Haburn CPA LLC
Mission
RESTORE, ENHANCE AND PROTECT THE FISHERY AND WATER QUALITY OF LAKE OSAKIS. IMPROVE, MANAGE AND PRESERVE THE LOCAL ENVIRONMENT CONTIGUOUS TO THE LAKE AND ITS WATERSHED. SUPPORT RIGHTS AND INTERESTS OF MEMBERS AND PROPERTY OWNERS. EDUCATE DEVELOP WORKING RELATIONSHIPS WITH AGENCIES, ORGANIZATIONS AND INDIVIDUALS.
Program accomplishments
- AIS MANAGEMENT/MONITORING FOR 840 PROPERTY OWNERS, BOG REMOVAL FOR 50 PROPERTY OWNERS SINCE 2016.Expenses $65,143 · grants $1,800
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 91-2038728
- 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
- 2000
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C30)
- Assets (IRS master file)
- $345,620
- Income (IRS master file)
- $6,365,202
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $164,222 | $65,143 | $345,620 | IRS |
| 990-T | December 2025 | – | – | – | IRS |
| 990 | December 2024 | $190,214 | $134,832 | $248,034 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $152,195 | $54,563 | $192,109 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $118,589 | $85,501 | $93,472 | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: Bruce Magnus | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: GARY BARBER | December 31, 2019 | ≤ $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 91-2038728).
Questions about OSAKIS LAKE ASSOCIATION INC
- What is the EIN of OSAKIS LAKE ASSOCIATION INC?
- The employer identification number (EIN) of OSAKIS LAKE ASSOCIATION INC is 91-2038728.
- Is OSAKIS LAKE ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to OSAKIS LAKE ASSOCIATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OSAKIS 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 OSAKIS LAKE ASSOCIATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OSAKIS LAKE ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of OSAKIS LAKE ASSOCIATION INC?
- The 990 for the year ended December 31, 2025 names BRUCE MAGNUS.
- Who are the officers and directors of OSAKIS LAKE ASSOCIATION INC?
- The 990 for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does OSAKIS LAKE ASSOCIATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $164,222, expenses of $65,143 and total assets of $345,620 at year end.
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- CHRISTIAN HERITAGE BROADCASTING INC EIN 41-1514519 · last filed 990 for 2024
- LAKES AREA CHARTER SCHOOL EIN 41-1946781
- OSAKIS COMMUNITY MANOR EIN 41-1344854 · last filed 990-EZ for 2025
- VETERANS OF FOREIGN WARS DEPT OF MINNESOTA EIN 41-6039513 · last filed 990 for 2024
- BEV B LOHRMAN GROSSMAN FOUNDATION EIN 86-2561643 · last filed 990-PF for 2025
- AUXILIARY DEPARTMENT OF MINNESOTA VETERANS OF FOREIGN WARS EIN 94-3468380 · last filed 990-N for 2025
- FRED WALTER MUSIC & MINISTRY INC EIN 82-1729971 · last filed 990-N for 2025