TOTAL REVENUE - FISCAL 2025
$2,566,371
Down 69.5% from $8,425,043 in fiscal 2024.
The Spirit Of Okoboji
Okoboji, Iowa - EIN 82-2954269 - Latest filing: fiscal 2025 (Jan 1, 2025 - Dec 31, 2025)
HOW TO READ THIS PAGE
How to read this page: every figure below is from the fiscal-2025 Form 990, filed Aug 31, 2026. People named below are shown as reported on the fiscal-2025 Form 990, filed Aug 31, 2026 - the filing is a snapshot of that fiscal year, not a list of current officeholders.
THE FILING IN ONE PARAGRAPH
The Spirit Of Okoboji reported $2,566,371 in revenue and $735,696 in expenses in fiscal 2025, a surplus of $1,830,675 for the year. Program services took $735,696 of expenses, or 100.0%. The organization closed the year with $10,932,996 in net assets - about 178.3 months of expenses at the fiscal-2025 spending level.
At a Glance - Fiscal 2025
All values are fiscal 2025 unless a tile says otherwise.
TOTAL EXPENSES - FISCAL 2025
$735,696
Revenue minus expenses: $1,830,675 in fiscal 2025.
PROGRAM EXPENSE SHARE - FISCAL 2025
100.0%
$735,696 of $735,696 went to program services.
NET ASSETS - END OF FISCAL 2025
$10,932,996
Total assets $11,027,705 minus total liabilities $94,709.
PEOPLE REPORTED - FISCAL 2025
0 Employees
Money In, Money Out - Fiscal 2025
Revenue and expenses as reported on the fiscal-2025 Form 990, filed Aug 31, 2026. Donated goods are separated from cash so food and supply donations do not read as cash income.
Where the Money Went - Fiscal 2025
Management and general is the figure reported on the filing (Part IX total); where a filing does not carry it, it is computed as the residual of total expenses minus program and fundraising expenses. Cost to raise a dollar in fiscal 2025: $0.00 - $0 in fundraising expenses divided by $2,499,924 in total contributions.
Where the Money Came From - Fiscal 2025
| Source | Fiscal 2025 |
|---|---|
| Total Contributions | $2,499,924 |
| All Other Contributions | $2,499,924 |
| Program Service Revenue | $10,542 |
| Investment Income | $2,905 |
| Other Revenue | $53,000 |
| Total Revenue (All Sources) | $2,566,371 |
Government Grants - Not Broken Out
The fiscal-2025 Form 990 does not break out government grants as a separate line for this organization. This page shows Not Broken Out instead of estimating a figure.
The fiscal-2025 Form 990 does not break out government grants as a separate line for this organization. This page shows Not Broken Out instead of estimating a figure.
Reserves and Balance Sheet - Fiscal 2025
Reserves and Runway
178.3 Months
of reserves - $10,932,996 in net assets at the end of fiscal 2025, divided by average monthly expenses of about $61,308 in fiscal 2025.
Net assets can include donor-restricted funds, buildings and other assets that cannot be spent like cash. Treat months of reserves as a scale measure, not as cash in the bank.
Balance Sheet - End of Fiscal 2025
| Total Assets | $11,027,705 |
| Total Liabilities | $94,709 |
| Liabilities as Share of Assets | 0.9% |
| Net Assets | $10,932,996 |
Leadership Pay - Fiscal 2025
Pay is the summed total across all compensation columns on the Form 990 - pay from the organization, pay from related organizations, and other compensation. People are shown as reported on the fiscal-2025 Form 990, filed Aug 31, 2026.
No compensation was reported for any officer, director, trustee or key employee on the fiscal-2025 Form 990. Everyone named on the filing served without pay from the organization, as reported.
Board and Governance - Fiscal 2025
Board and policy answers as reported on the fiscal-2025 Form 990, filed Aug 31, 2026.
Board Roster - as Reported on the Fiscal-2025 Form 990
7 voting members, 7 independent - independence count as reported on the fiscal-2025 Form 990.
| Name, as Reported | Role, as Reported |
|---|---|
| Timothy A Kinnetz | President |
| John Adams Jr | Director |
| Mary Skopec | Director |
| Kathy Fahy | Director |
| Brian Downing | Director |
| Amanda Shaffer | Director |
| Curt Strouth | Director |
Governance Policy Flags - Fiscal 2025
Conflict of Interest PolicyYes - Reported
Whistleblower PolicyNo
Document Retention PolicyYes - Reported
Audited Financial StatementsNo
Board Size and Independence7 voting / 7 independent
Flags report what the organization answered on the Form 990. A Yes means the policy was reported on the filing; it is not an outside review of how the policy works in practice.
Grants - Fiscal 2025
Grants Made - Fiscal 2025
This organization reported $44,500 in grants paid in fiscal 2025.
| Recipient, as Reported | Amount |
|---|---|
| Dickinson County Museum PARKING SPACE PROJECT | $10,000 |
| Friends Of Lakeside Lab DINING HALL DECK RENOVATION | $10,000 |
| Friends Of The Museum MUSEUM RESTORATION PROJECT | $10,000 |
| Historic Arnolds Park Inc ERECTOR SET LEGENDS PROJECT | $10,000 |
Trend - Revenue
Years are shown only where a filing is held. Missing years are absent, never filled in.
| Fiscal Year | Revenue | Change |
|---|---|---|
| Fiscal 2024 (Prior-Year Column on the Fiscal-2025 Filing) | $8,425,043 | - |
| Fiscal 2025 | $2,566,371 | -69.5% |
This table grows to a 10-year view (revenue, expenses, net assets and top pay) as earlier filings for this organization are added to the record. Missing years are absent, never filled in.
Filings on Record
| Tax Period | Form | Status | Source |
|---|---|---|---|
| Jan 1, 2025 - Dec 31, 2025 | Form 990 | In Force - Filed Aug 31, 2026 | Original Filing at the IRS |
If an amended return is filed, the newest amended return supersedes the earlier one and the table marks which filing is in force.