Lakes Media Collaborative Inc in Brainerd, Minnesota (MN)

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Lakes Media Collaborative Inc
Employer Identification Number (EIN)300379747
Name of OrganizationLakes Media Collaborative Inc
In Care of NameSteve Augustinack
Address702 S 5th St, Brainerd, MN 56401-4019
SubsectionCharitable Organization
Ruling Date01/2010
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$383,676
Amount of Income$90,908
Form 990 Revenue Amount$90,908
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Television


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Amount of income in 2013: $90,908 (it was $90,352 in 2012)
This organization: 

 $90,908
Other organizations performing similar types of work: 

 $179,046

Assets in 2013: $383,676 (it was $324,568 in 2012)
Lakes Media Collaborative Inc: 

 $383,676
Other organizations performing similar types of work: 

 $160,322

Expenses in 2013: $31,800
Lakes Media Collaborative Inc: 

 $31,800
Other organizations performing similar types of work: 

 $172,462

Income to expenses ratio in 2013: 2.9
Lakes Media Collaborative Inc: 

 2.9
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2013: 100.0%
Lakes Media Collaborative Inc: 

 100.0%
Other organizations performing similar types of work: 

 61.2%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$102,687$90,352$90,908
Contributions, gifts, grants, and similar amounts received$101,744$90,302$90,873
Program service revenue including government fees and contracts$850$0$0
Membership dues and assessments$0$0$0
Investment income$93$50$35
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$42,792$36,329$31,800
Total net assets$270,544$324,568$383,676
Excess/Deficit for the year$59,895$54,023$59,108
Net assets or fund balances at beginning of year$210,649$270,545$324,568
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$324,568$383,676
Balance Sheets
201120122013
Total assets$270,544$324,568$383,676
Total liabilities$0$0$0
Net assets or fund balances$270,544$324,568$383,676
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$492,862
Subtotal Support$492,862
Gifts, grants, contributions, and membership fees received$492,862
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$0
Total Support$493,203
Public Support$492,862
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$341
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$0
Gross receipts from related activities, etc.$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Persephone Productions Inc6516 Lakeview Dr, Falls Church, VA 22041-1102VA1996-08$8,459,953
2Chicago Instructional Technology Foundation IncPO BOX 6060, Boulder, CO 80306-6060CO2001-03$4,114,472
3Friends Of West Virginia Public Broadcasting Inc600 Capitol St, Charleston, WV 25301-1223WV1980-02$1,337,922
4Denver Area Educational Telecommunications Consortium IncPO BOX 6060, Boulder, CO 80306-6060CO2000-03$1,237,905
5Cctv Inc500 Walden St, Concord, MA 01742-3617MA2005-10$804,611
6Orion Neighborhood Television Corp1349 Joslyn Rd, Lake Orion, MI 48360-1133MI2001-10$427,819
7Hampton Roads Educational Telecommunications Association Inc5200 Hampton Blvd, Norfolk, VA 23508-1507VA1969-02$16,909,817
8Hawaii Public Television Foundation2350 Dole St, Honolulu, HI 96822-2410HI2000-10$8,579,227
9Gateway Creative Broadcasting Inc13358 Manchester Rd Ste 100, Saint Louis, MO 63131-1730MO1998-05$5,678,921
10Friends Of Idaho Public Television Inc1455 N Orchard St, Boise, ID 83706-2239ID1985-12$5,247,729
11Northern Minnesota Public Television108 Grant Ave Ne, Bemidji, MN 56601MN1974-11$4,479,811
12Florida Public Broadcasting Service Inc600 1st Ave N Ste 306, St Petersburg, FL 33701-3609FL1981-10$3,308,978
13Connecticut Public Affairs Network Inc21 Oak St Ste 605, Hartford, CT 06106-8016CT1998-03$3,209,550
14Independent World Television Inc235 Holliday St, Baltimore, MD 21202-3612MD2005-03$3,141,687
15Clarion Fund Inc, Honor Diaries501 5th Avenue, New York, NY 10017-6107NY2007-07$2,377,372
16Portland Community Media2766 N E Mlk Blvd, Portland, OR 97212-3036OR1982-01$2,322,731
17Friends Of Minnesota Public Television172 4th St E, Saint Paul, MN 55101-1492MN2002-10$93,602
18Lakes Media Collaborative Inc702 S 5th St, Brainerd, MN 56401-4019MN2010-01$90,908
19Faribault Community T V And Multimedia CenterPO BOX 363, Faribault, MN 55021-0363MN1999-11$65,169
20Ely Tv127 E Sheridan St, Ely, MN 55731MN2008-03$0
Number of organizations performing similar types of work
Alaska3
Alabama4
Arkansas2
Arizona4
California73
Colorado11
Connecticut11
District of Columbia4
Florida23
Georgia5
Hawaii4
Iowa2
Idaho5
Illinois19
Indiana4
Kansas1
Kentucky3
Louisiana5
Massachusetts82
Maryland11
Maine7
Michigan16
Minnesota9
Missouri10
Mississippi1
Montana2
North Carolina5
Nebraska6
New Hampshire7
New Jersey9
New Mexico3
Nevada3
New York40
Ohio9
Oklahoma1
Oregon9
Pennsylvania16
Rhode Island1
South Carolina2
Tennessee6
Texas16
Utah2
Virginia13
Vermont12
Washington12
Wisconsin7
West Virginia2
Total502

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