Bells of the Lakes Inc
Nonprofit profile at a glance
- EIN
- 411845274
- IRS 990-EZ coverage
- 2011–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2007
- Location
- Minneapolis, MN, USA
- Phone
- 6515879667
- Rating
- 54
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Arts, Cultural Organizations - Multipurpose
Reported finances
- Revenue
- $12,324
- Expenses
- $10,463
- Assets
- $23,015
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- Laurie Pyle (President)
- Laura Wahl (Vice President)
People named in this filing
- William Mathis (Musical Director)
- David Hood (Manager)
- Laurie Pyle (President)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Promote musical excellence in performance, collaboration, and education through the medium of handbells.
What it reported doing in 2024
Bellfest! 2025 - Educational event on March 8, 2025 in which 9 handbell ensembles came together and rehearsed five pieces in a mass ringing environment. Together they worked on various ringing techniques with conductor William Mathis and presented a concert to the public at 3pm.
Operating model
- Revenue model
- Earned-program. 72% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 36
- Transparency & Controls: 82
- Sustainability: 60
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 34.1%; rating input score 34
- Program expense ratio: 40.2%; rating input score 40
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 15.1%; rating input score 68; 68th percentile among comparable filings
- Total-asset coverage ratio: 2.2; rating input score 67; 67th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 38.2%; rating input score 5; 5th percentile among comparable filings
Growth
- Program expense growth: -5.1% per year; rating input score 0; 35th percentile among comparable filings
- Revenue growth: -5.7% per year; rating input score 0; 32nd percentile among comparable filings
- Asset growth: -3.6% per year; rating input score 0; 27th percentile among comparable filings
Details
- Where the money goes: 34.1% of revenue deployed · 40.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $4K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 34/100.
- Moderate — Financial Efficiency: Program expense ratio scored 40/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 5/100.