LEECH LAKE FINANCIAL SERVICES INC: Form 990EZ, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
LEECH LAKE FINANCIAL SERVICES INC (EIN 46-2579700)
Tax period
2014-09-11 to 2014-12-31
Filed
2015-05-14
IRS object ID
201521349349201867
Schema version
2014v5.0
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)
Return2015-05-14T09:10:28-07:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

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 20AddressLine1Txt
CityGRAND FORKSCityNm
State AbbreviationNDStateAbbreviationCd
ZIP58203ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2014-09-11TaxPeriodBeginDt

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)
PersonBENAY FAIRBANKSPersonNm
Person TitleCHAIRPersonTitleTxt
Phone2183393940PhoneNum
Signature2015-05-11SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMICHELLE K SOLSTEN CPAPreparerPersonNm
Phone2184351988PhoneNum
Preparation2015-05-14PreparationDt
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-03-07 17:11:31ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Initial ReturnYes (X)InitialReturnInd
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Website AddressN/AWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$82,115GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$74,921ContributionsGiftsGrantsEtcAmt
Program Service Revenue$7,194ProgramServiceRevenueAmt
Membership Dues$0MembershipDuesAmt
Investment Income$0InvestmentIncomeAmt
Cost Or Other Basis Expense Sale$0CostOrOtherBasisExpenseSaleAmt
Gain Or Loss From Sale Of Assets$0GainOrLossFromSaleOfAssetsAmt
Gaming Gross Income$0GamingGrossIncomeAmt
Fundraising Gross Income$0FundraisingGrossIncomeAmt
Special Events Direct Expenses$0SpecialEventsDirectExpensesAmt
Special Events Net Income Loss$0SpecialEventsNetIncomeLossAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt
Gross Profit Loss Sls Of Invntry$0GrossProfitLossSlsOfInvntryAmt
Total Revenue$82,115TotalRevenueAmt
Salaries Other Comp Empl Bnft$64,889SalariesOtherCompEmplBnftAmt
Fees And Other Pymt To Ind Cntrct$1,515FeesAndOtherPymtToIndCntrctAmt
Occupancy Rent Utlts And Maint$3,434OccupancyRentUtltsAndMaintAmt
Other Expenses Total$8,970OtherExpensesTotalAmt
Total Expenses$78,808TotalExpensesAmt
Excess Or Deficit For Year$3,307ExcessOrDeficitForYearAmt
Other Changes In Net Assets$174,414OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY$177,721NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
EOY$8,613EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
EOY$228,585EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$237,198EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
EOY$59,477EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$177,721EOYAmt
FieldValueIRS element (for citing)
Primary Exempt PurposeTO PROMOTE COMMUNITY ECONOMIC DEVELOPMENT BY PROVIDING SAFE, AFFORDABLE LOANS AND FINANCIAL TRAININGPrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp

FieldValueIRS element (for citing)
Description Program Srvc AccomTHE CREDIT BUILDER LOAN PROGRAM PROVIDED 514 LOANS TO THOSE WHO NORMALLY WOULDN'T QUALIFY FOR A CONVENTIONAL UNSECURED LOAN. THE SMALL BUSINESS LOAN FUND PROVIDED 4 COMMERCIAL LOANS TO SMALL BUSINESSES TO PROMOTE COMMUNITY ECONOMIC GROWTH. CREDIT BUILDING ON THE REZ TRAINED 81, FINANCIAL SKILLS FOR FAMILIES TRAINED 46, BUSINESS TRAINING 101 TRAINED 2.DescriptionProgramSrvcAccomTxt
Program Service Expenses$40,484ProgramServiceExpensesAmt
FieldValueIRS element (for citing)
Total Program Service Expenses$40,484TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (8 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
BENAY FAIRBANKS
CHAIR2.00$0
LAURA VEDDER
VICE CHAIR2.00$0
SHANNON AVERY
SECRETARY2.00$0
BREANNA MIETTINEN
TREASURER2.00$0
TERRY MATSON
DIRECTOR1.00$0
KYLE ERICKSON
DIRECTOR1.00$0
SARAH KUESEL
DIRECTOR1.00$0
JOHN ROBINSON
DIRECTOR1.00$0
FieldValueIRS element (for citing)
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not RptfalseChgMadeToOrgnzngDocNotRptInd
Organization Had UBIfalseOrganizationHadUBIInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Form1120 Pol FiledfalseForm1120PolFiledInd
Made Loans To From OfficersfalseMadeLoansToFromOfficersInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonPAMELA SPONGPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1213 2ND ST NWAddressLine1Txt
CityCASS LAKECityNm
State AbbreviationMNStateAbbreviationCd
ZIP56633ZIPCd
FieldValueIRS element (for citing)
Phone2183393940PhoneNum
FieldValueIRS element (for citing)
Foreign Financial AccountfalseForeignFinancialAccountInd
Foreign OfficefalseForeignOfficeInd
Donor Advised FndsfalseDonorAdvisedFndsInd
Operate HospitalfalseOperateHospitalInd
Tanning Services ProvidedfalseTanningServicesProvidedInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
School OperatingfalseSchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt

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 O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990EZ, Part I, Line 16FEES 162. OPERATIONS 4961. MEMBERSHIPS 258. INTEREST 51. COMMUNITY TRAININGS AND MEETINGS 483. TRAVEL AND MEETINGS 3055.
Form 990EZ, Part I, Line 20EQUITY TRANSFERRED IN FROM LEECH LAKE TRIBE 174414. FINANCIAL SERVICES WAS ORIGINALLY OWNED BY THE TRIBE AND ALL BANK BALANCES, LOAN BALANCES, AND PAYABLES WERE TRANSFERRED INTO THE NEW CORPORATION
Form 990EZ, Part II, Line 24LOANS RECEIVABLE 228585.
Form 990EZ, Part II, Line 26DUE TO GAMING 49000. PAYROLL LIABILITIES 5739. BENEFITS PAYABLE 4738.

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