HUMANE SOCIETY OF THE LAKES

EIN: 411651603 501(c)(3) Animal-Related

DETROIT LAKES, MN

Total Revenue
$659,686
Total Expenses
$371,088
Total Assets
$971,641
Net Assets
$963,520
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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
MN
Principal Officer
ELIZABETH GRAVALIN
Phone
2188470511
Tax Period
2023-01-01 to 2023-12-31

HUMANE SOCIETY OF THE LAKES, founded in 1989, is a small nonprofit in the Animal-Related sector that reported $660K in total revenue in fiscal year 2023. Revenue surged 141% from the prior year, signaling strong growth momentum. The organization ran a surplus of $289K, a strong 44% operating margin.

Mission

TO PROVIDE SERVICES FOR ABANDONED, STRAY OR UNWANTED ANIMALS WHILE THEY AWAIT LIFE LONG HOMES. OUR VISION IS THAT ALL ANIMALS ARE CARED FOR WITH DIGNITY AND RESPECT.

Program Service Accomplishments

Program 1
Expenses: $293,616 Revenue: $32,178

THE HUMANE SOCIETY OF THE LAKES IS A NONPROFIT, VOLUNTEER BASED ORGANIZATION THAT FINDS SUITABLE HOMES FOR STRAY, ABANDONED, AND UNWANTED ANIMALS IN BECKER COUNTY AND SURROUNDING AREAS IN MINNESOTA...

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THE HUMANE SOCIETY OF THE LAKES IS A NONPROFIT, VOLUNTEER BASED ORGANIZATION THAT FINDS SUITABLE HOMES FOR STRAY, ABANDONED, AND UNWANTED ANIMALS IN BECKER COUNTY AND SURROUNDING AREAS IN MINNESOTA. MEDICAL SERVICES, VACCINATIONS, FOOD AND SHELTER ARE PROVIDED FOR THESE ANIMALS WHILE THEY AWAIT ADOPTION.

Program 2

GAMBLING ACTIVITIES: THE FORMS OF GAMBLING CONDUCTED BY THE ORGANIZATION INCLUDED RAFFLES, TIPBOARDS, PAPER PULL-TABS, LINKED BINGO, ELECTRONIC PULL-TABS, PADDLETICKETS, AND SPORTS-THEMED TIPBOARDS...

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GAMBLING ACTIVITIES: THE FORMS OF GAMBLING CONDUCTED BY THE ORGANIZATION INCLUDED RAFFLES, TIPBOARDS, PAPER PULL-TABS, LINKED BINGO, ELECTRONIC PULL-TABS, PADDLETICKETS, AND SPORTS-THEMED TIPBOARDS. REVENUES IN EXCESS OF ALLOWABLE EXPENSES GENERATED BY THE LAWFUL GAMBLING FUND CAN ONLY BE USED FOR LAWFUL PURPOSES AND BOARD APPROVED EXPENDITURES AS DEFINED BY MINNESOTA STATUTES. GROSS RECEIPTS FOR THE YEAR ENDED DECMEBER 31, 2023, WERE 6,880,979. TOTAL GAMING EXPENSES FOR THE YEAR ENDED DECMEBER 31, 2023, WERE 6,724,258.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $457,501
Program Service Revenue $32,178
Investment Income $6,540
Other Revenue $163,467
TOTAL REVENUE $659,686

Expense Breakdown

Grants Paid $0
Salaries & Benefits $196,050
Fundraising Expenses $7,842
Program Expenses $293,616
Other Expenses $175,038
TOTAL EXPENSES $371,088

Year-over-Year Comparison

2023 2022 Change
Revenue $659,686 $273,858 +1.4%
Expenses $371,088 $315,711 +0.2%
Net Income $288,598 $-41,853 -7.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
14
Independent Members
13
Employees
35
Volunteers
50

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$55,788
Total Directors
14
$55,788
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LORI THOMPSON PRESIDENT 20.00
Officer Director
$0 $0 $0
ELIZABETH GRAVALIN VICE PRESIDE 20.00
Director
$0 $0 $0
DENISE OAKES VICE PRESIDE 20.00
Officer Director
$0 $0 $0
CANDACE RASTEDT SECRETARY 20.00
Officer Director
$0 $0 $0
DAVID GRAENIGN TREASURER 20.00
Officer Director
$0 $0 $0
CHRISANDRA SORUM GAMBLING MAN 41.00
Officer Director
$55,788 $0 $55,788
BETSY NEBGEN DIRECTOR 2.00
Director
$0 $0 $0
LINDA SCHERPING DIRECTOR 2.00
Director
$0 $0 $0
CHELSEY MALSTROM DIRECTOR 2.00
Director
$0 $0 $0
ASHLEY PEPIN DIRECTOR 2.00
Director
$0 $0 $0
VICKY WILLIAMS DIRECTOR 2.00
Director
$0 $0 $0
SAMANTHA SALATHE DIRECTOR 2.00
Director
$0 $0 $0
BETH SUMMERFIELD DIRECTOR 2.00
Director
$0 $0 $0
CHRIS LINGEN DIRECTOR 10.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $659,686 $371,088 $971,641 $288,598
2022 $273,858 $315,711 $702,266 $-41,853
2021 $435,365 $316,576 $739,818 $118,789
2020 $298,410 $288,884 $619,478 $9,526
2019 $422,322 $313,614 $612,967 $108,708
2018 $352,561 $269,123 $509,520 $83,438
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