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Minnesota · Nonprofit

LAKE OF THE WOODS INTERNATIONAL ARENA BOARD INC

LAKE OF THE WOODS INTERNATIONAL ARENA BOARD INC (Minnesota) receives grants from 2 organizations whose IRS filings report $6,570,000 to it, the largest being GS DONOR ADVISED PHILANTHROPY FUND FOR WEALTH MANAGEMENT INC ($6,445,000). 2 of them have funded it in more than one year, and 98% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2023
$70k
Funders on record
2
Grants received
$6.6M
Net assets
$7.1M
2/2 repeat funderspeak grant-dependency 96%
01What it does

What Lake of the Woods International Arena Board Inc does

Mission

Construction and operation of a community ice arena facility

As stated on its FY2023 Form 990.

Program

  1. Construction and operation of community ice arena

    $7,036 spent$70,369 earned by the program
    100% of program spending

The program described on its FY2023 Form 990. Program spending in total: $7,036.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($106k) Expenses 100 ($889) Net assets 100 ($148k)2018 Revenue 3936 ($4.2M) Expenses 585 ($5k) Net assets 2916 ($4.3M)2019 Revenue 2445 ($2.6M) Expenses 3776 ($34k) Net assets 4645 ($6.9M)2020 Revenue 110 ($117k) Expenses 4555 ($40k) Net assets 4696 ($6.9M)2021 Revenue 73 ($77k) Expenses 4316 ($38k) Net assets 4723 ($7.0M)2022 Revenue 70 ($74k) Expenses 2265 ($20k) Net assets 4759 ($7.0M)2023 Revenue 66 ($70k) Expenses 791 ($7k) Net assets 4802 ($7.1M)
2017201820192020202120222023
Revenue (66)Expenses (791)Net assets (4802)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2017 to 2018, from $148k to $4.3M (+2816%).

$148k
$4.3M
$7.6M
$7.5M
$7.5M
$7.4M
$7.4M
2017201820192020202120222023
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
ContributionsProgram revenueInvestmentOther

99% of LAKE OF THE WOODS INTERNATIONAL ARENA BOARD INC’s revenue is contributions — more donation-reliant than the typical peer (39% for the typical peer).

This organization
Typical peer · 15,075 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 7 reported years ran a deficit.

$105k
’17
$4.2M
’18
$2.6M
’19
$76k
’20
$39k
’21
$54k
’22
$63k
’23
150
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Mike Schulz

Chairman

As listed on its FY2023 Form 990.

201820192020202120222023
Listed566777
Joined·+1+0+6+1+0
No longer listed·00510
03Who funds it

Who funds it, year by year

2017 → 2023: the base held at 1 funder, grant income fell $60k → $25k.

Funder
'17
'18
'19
'20
'21
'22
'23
'24*
'25*
total
$125k
funders
1
1
1
1
1
1
1
1
1

1 of 2 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 98% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of LAKE OF THE WOODS INTERNATIONAL ARENA BOARD INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

LAKE OF THE WOODS INTERNATIONAL ARENA BOARD INC leans on a few funders — its largest provides 98% of grant income and the top three 100%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund LAKE OF THE WOODS INTERNATIONAL ARENA BOARD INC.

98%
largest funder
100%
top three
~1
effective funders

Largest funder’s share by year: 2017 100% · 2018 100% · 2019 100% · 2020 100% · 2021 100% · 2022 100% · 2023 100% — broadly stable.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

98% of LAKE OF THE WOODS INTERNATIONAL ARENA BOARD INC's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $125k that is directly attributable, 100% of it comes from funders outside Minnesota, across 1 state.

AZ

In-state vs out-of-state, by year

’20
’21
’22
’23
Minnesota out of state home

Funder states come from each funder’s own filing. $6.4M arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

LAKE OF THE WOODS INTERNATIONAL ARENA BOARD INC holds deeper cash reserves than three-quarters of the 12,891 recreation & sports nonprofits its size.

Operating margin90% · outside the comparable range
Months of reserve149.9mo · top quartile
Revenue growth (annualized)−7% · below the median

this organization peer median middle 50% of peers· 12,891 recreation & sports nonprofits under $100k, FY2023

Organizations like LAKE OF THE WOODS INTERNATIONAL ARENA BOARD INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Minnesota

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

100% of spending goes to programs.

Program 100%Management 0%Fundraising 0%

Governance

6
board members
100%
independent
–Conflict-of-interest policy–Whistleblower policy–Document retention✓Board reviewed the 990–Audited financials

Public support

100%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

MN

Screen this organization

A dated, signed PDF of the compliance screen for LAKE OF THE WOODS INTERNATIONAL ARENA BOARD INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds LAKE OF THE WOODS INTERNATIONAL ARENA BOARD INC?
LAKE OF THE WOODS INTERNATIONAL ARENA BOARD INC (Minnesota) receives grants from 2 organizations whose IRS filings report $6,570,000 to it, the largest being GS DONOR ADVISED PHILANTHROPY FUND FOR WEALTH MANAGEMENT INC ($6,445,000). 2 of them have funded it in more than one year, and 98% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does LAKE OF THE WOODS INTERNATIONAL ARENA BOARD INC have?
IRS filings report 2 organizations giving $6,570,000 in grants to LAKE OF THE WOODS INTERNATIONAL ARENA BOARD INC, 2 of which have funded it in more than one year.
Who is the largest funder of LAKE OF THE WOODS INTERNATIONAL ARENA BOARD INC?
GS DONOR ADVISED PHILANTHROPY FUND FOR WEALTH MANAGEMENT INC is the largest funder on record, with $6,445,000 in grants. The full list of funders is on this page.
How can an organization like LAKE OF THE WOODS INTERNATIONAL ARENA BOARD INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Minnesota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Lake of the Woods International Arena Board →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2023 (financials across 2017–2023), and the filings of 2 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing