LEECH LAKE FINANCIAL SERVICES INC: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
LEECH LAKE FINANCIAL SERVICES INC (EIN 46-2579700)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-09-21
IRS object ID
201712649349300821
Schema version
2016v3.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2017-09-21T14:58:59-07:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1OVERMOE & NELSON LTDBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1200 1ST AVE N STE 30AddressLine1Txt
CityGRAND FORKSCityNm
State AbbreviationNDStateAbbreviationCd
ZIP58203ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN462579700EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LEECH LAKE FINANCIAL SERVICES INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLEECBusinessNameControlTxt
Phone2183393940PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 848AddressLine1Txt
CityCASS LAKECityNm
State AbbreviationMNStateAbbreviationCd
ZIP56633ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBREANNA MIETTINENPersonNm
Person TitleSECRETARYPersonTitleTxt
Phone2183393940PhoneNum
Signature2017-07-25SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMICHELLE K SOLSTEN CPAPreparerPersonNm
Phone2184351988PhoneNum
Preparation2017-09-21PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address64.235.92.94IPv4AddressTxt
FieldValueIRS element (for citing)
IP2017-09-21IPDt
IP Tm14:58:39IPTm
IP TimezonePDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdA61D75FB8DAC235807D9FF5CABA5F6C05933C364AtSubmissionCreationDeviceId
At Submission Filing Device IdFCCE7DE29301507AEA02BBDD6E219F4215AF58D2AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerBENAY FAIRBANKSPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1115 SIXTH ST NWAddressLine1Txt
CityCASS LAKECityNm
State AbbreviationMNStateAbbreviationCd
ZIP56633ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$377,660GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2014FormationYr
Legal Domicile StateMNLegalDomicileStateCd
Activity Or MissionTO PROMOTE ECONOMIC DEVELOPMENT BY PROVIDING SAFE, AFFORDABLE LOANS AND FINANCIAL TRAININGActivityOrMissionDesc
Voting Members Governing Body8VotingMembersGoverningBodyCnt
Voting Members Independent8VotingMembersIndependentCnt
Total Employee8TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$790,328PYContributionsGrantsAmt
CY Contributions Grants$330,979CYContributionsGrantsAmt
PY Program Service Revenue$30,976PYProgramServiceRevenueAmt
CY Program Service Revenue$34,681CYProgramServiceRevenueAmt
PY Investment Income$119PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$13,006PYOtherRevenueAmt
CY Other Revenue$11,423CYOtherRevenueAmt
PY Total Revenue$834,429PYTotalRevenueAmt
CY Total Revenue$377,083CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$190,719PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$228,415CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$164,888PYOtherExpensesAmt
CY Other Expenses$202,609CYOtherExpensesAmt
PY Total Expenses$355,607PYTotalExpensesAmt
CY Total Expenses$431,024CYTotalExpensesAmt
PY Revenues Less Expenses$478,822PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$53,941CYRevenuesLessExpensesAmt
Total Assets BOY$728,151TotalAssetsBOYAmt
Total Assets EOY$790,325TotalAssetsEOYAmt
Total Liabilities BOY$70,290TotalLiabilitiesBOYAmt
Total Liabilities EOY$184,777TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$657,861NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$605,548NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO PROMOTE ECONOMIC DEVELOPMENTMissionDesc
Significant New Program SrvcYes (true)SignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$190,385ExpenseAmt
Revenue$98,399RevenueAmt
DescTHE CREDIT BUILDER LOAN PROGRAM PROVIDED 243 LOANS TO THOSE WHO NORMALLY WOULDN'T QUALIFY FOR A CONVENTIONAL UNSECURED LOAN. MINO MAAJII PROVIDED 12 LOANS USDA GRANTS PROVIDED FUNDS FOR 1 SMALL BUSINESS LOANDesc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$88,008ExpenseAmt
Revenue$91,727RevenueAmt
DescCREDIT BUILDING ON THE REZ TRAINED 50 BUILDING NATIVE COMMUNITIES TRAINED 45 BUSINESS 101 TRAINED 20 1:1 TRAINED 24 PROJECTS INITIATED THROUGH SUBSIDIARY INCLUDE HOUSE CUBED PROJECT HEALTH CENTER PROJECT, LED LIGHTING, RESILIENT HOUSING, SOLAR GARDEN, SAGA SOLAR AND SOLAR PANEL INSTALLER TRAININGDesc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
DescXDesc
FieldValueIRS element (for citing)
Total Program Service Expenses$278,393TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsfalseTempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (true)ConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityYes (true)DisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document6IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee8EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members8GoverningBodyVotingMembersCnt
Independent Voting Member8IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnfalseAnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldMNStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonLEECH LAKE FINANCIAL SERVICES INCPersonNm
Phone2183393940PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1213 2ND ST NWAddressLine1Txt
CityCASS LAKECityNm
State AbbreviationMNStateAbbreviationCd
ZIP56633ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
BENAY FAIRBANKS
CHAIR2.00Yes (X)$0$0$0
VERONICA VEAUX
DIRECTOR1.00Yes (X)$0$0$0
BREANNA MIETTINEN
SECRETARY2.00Yes (X)$0$0$0
TERRY MATTSON
DIRECTOR1.00$0$0$0Yes (X)
AMARIN CHANTHORN
DIRECTOR1.00$0$0$0Yes (X)
SARAH KUESEL
DIRECTOR1.00$0$0$0Yes (X)
JOHN ROBINSON
VICE CHAIR2.00$0$0$0Yes (X)
WILLIAM ETHIER
TREASURER2.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Government Grants$330,979GovernmentGrantsAmt
Total Contributions$330,979TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmt
INTEREST INCOME522291$134
FEE INCOME522291$34,547
FieldValueIRS element (for citing)
Total Program Service Revenue$34,681TotalProgramServiceRevenueAmt
Gross Sales Of Inventory$12,000GrossSalesOfInventoryAmt
Cost Of Goods Sold$577CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$11,423TotalRevenueColumnAmt
Related Or Exempt Func Income$11,423RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$377,083TotalRevenueColumnAmt
Related Or Exempt Func Income$46,104RelatedOrExemptFuncIncomeAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$197,827TotalAmt
Program Services$105,393ProgramServicesAmt
Management And General$92,434ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$14,747TotalAmt
Program Services$5,932ProgramServicesAmt
Management And General$8,815ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$15,841TotalAmt
Program Services$8,589ProgramServicesAmt
Management And General$7,252ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$124TotalAmt
Program Services$124ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$20,979TotalAmt
Program Services$6,750ProgramServicesAmt
Management And General$14,229ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$12,235TotalAmt
Program Services$12,235ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$3,569TotalAmt
Program Services$3,569ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$5,918TotalAmt
Program Services$651ProgramServicesAmt
Management And General$5,267ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
TELEPHONE$3,697$0$3,697$0
PROFESSIONAL FEES$90,190$90,190$0$0
BAD DEBT$12,229$12,229$0$0
MISCELLANEOUS$34,287$26,280$8,007$0

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$19,381TotalAmt
Program Services$6,451ProgramServicesAmt
Management And General$12,930ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$431,024TotalAmt
Program Services$278,393ProgramServicesAmt
Management And General$152,631ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$298,582BOYAmt
EOY$363,788EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$4,792BOYAmt
EOY$5,434EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$396,445BOYAmt
EOY$342,727EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$71,703LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$7,136LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$17,388BOYAmt
EOY$64,567EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$10,944BOYAmt
EOY$13,809EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$728,151BOYAmt
EOY$790,325EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$21,290BOYAmt
EOY$32,686EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
EOY$85,156EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$49,000BOYAmt
EOY$66,935EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$70,290BOYAmt
EOY$184,777EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$248,560BOYAmt
EOY$196,247EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$409,301BOYAmt
EOY$409,301EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$657,861BOYAmt
EOY$605,548EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$728,151BOYAmt
EOY$790,325EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$53,941ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$1,628OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Governmental UnitYes (X)GovernmentalUnitInd
Public Support Total170$0PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support CY1700PublicSupportCY170Pct
Public Support Total509$0PublicSupportTotal509Amt
Public Support CY5090PublicSupportCY509Pct
Investment Income CY0InvestmentIncomeCYPct

Schedule D IRS990ScheduleD

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$46,913OtherCostOrOtherBasisAmt
Depreciation$586DepreciationAmt
Book Value$46,327BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$24,790OtherCostOrOtherBasisAmt
Depreciation$6,550DepreciationAmt
Book Value$18,240BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$64,567TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
NOTE PAYABLE - LEECH LAKE GAMING$4,111
LINE OF CREDIT$15,000
NOTE PAYABLE - BANK$47,824
FieldValueIRS element (for citing)
Total Liability$66,935TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$377,083TotalRevEtcAuditedFinclStmtAmt
Revenue Subtotal$377,083RevenueSubtotalAmt
Total Revenue Per Form990$377,083TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$429,396TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$429,396ExpensesSubtotalAmt
Other Expenses Not Included$1,628OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$1,628ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$431,024TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePt XII, Line 4bFormAndLineReferenceDesc
ExplanationTAX DEPRECIATION IS $1628 MORE THAN BOOK DEPRECIATIONExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (15 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Pt III, Line 2AKI DEVELOPMENT LLC WAS SET UP TO HELP FURTHER THE ECONOMIC DEVELOPMENT OPPORTUNITIES FOR THE TRIBE
Pt VI, Line 12cCONFLICTS, IF ANY, ARE DISCLOSED AT BOARD MEETINGS
Pt VI, Line 11bRETURN IS PRESENTED TO ALL BOARD MEMBERS FOR APPROVAL AT A BOARD MEETING
Pt XIBOOK TO TAX DIFFERENCES
Form 990EZ, Part I, Line 16FEES
Form 990EZ, Part I, Line 16OPERATIONS
Form 990EZ, Part I, Line 16MEMBERSHIPS
Form 990EZ, Part I, Line 16INTEREST
Form 990EZ, Part I, Line 16COMMUNITY TRAININGS AND MEETINGS
Form 990EZ, Part I, Line 16TRAVEL AND MEETINGS
Form 990EZ, Part II, Line 24LOANS RECEIVABLE
Form 990EZ, Part II, Line 26DUE TO GAMING
Form 990EZ, Part II, Line 26PAYROLL LIABILITIES
Form 990EZ, Part II, Line 26BENEFITS PAYABLE
Form 990, Part IX, Line 24eSUPPLIES 19381. 6451. 12930. 0.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1AKI DEVELOPMENT LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 848AddressLine1Txt
CityCASS LAKECityNm
State AbbreviationMNStateAbbreviationCd
ZIP56633ZIPCd
FieldValueIRS element (for citing)
EIN474193570EIN
Primary ActivitiesECONOMIC DEVELOPMENTPrimaryActivitiesTxt
Legal Domicile StateMNLegalDomicileStateCd
Total Income$76,823TotalIncomeAmt
End Of Year Assets$13,794EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1LEECH LAKE FINANCIAL SERVICESBusinessNameLine1Txt

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