Lake Saint Catherine Association Inc
- Assets
- $273.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 4
- Location
- Wells, VT
- Founding
- 12/2013
- Data as of
- 12/2023
- EIN
- 03-0270055
Organization Overview
Lake Saint Catherine Association Inc is located in Wells, VT. The organization was established in 2013. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, under the broad grouping of Environment and related organizations. As of 12/2023, Lake Saint Catherine Association Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Saint Catherine Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Lake Saint Catherine Association Inc generated $126.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $117.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION OPERATED A LAKE ACCESS PROGRAM FROM MAY UNTIL OCTOBER TO EDUCATE LAKE USERS, INSPECT WATERCRAFT FOR THE PREVENTION OF POTENTIAL INVASIVE SPECIES ENTERING AND LEAVING THE LAKE BODY. ALSO A LAKE MANAGEMENT PROGRAM WHICH CONSISTED OF CONTRACTING FOR DIVER OPERATED SUCTION HARVESTING AND REMOVAL OF EURASION WATER MILFOIL AN INVASIVE SPECIES THAT THREATENS LAKE HEALTH, PLANT SURVEYS ARE CONDUCTED TO INVENTORY VARIOUS PLANT SPECIES BEFORE AND AFTER PROGRAM EACH SEASON. CONTRACTORS AND PARTNERSHIPS WITH LOCAL NATURAL RESOURCE CONSERVATION DISTRICTS TO EDUCATE PROPERTY OWNERS AND ASSIST IN REVIEWING LAKE SHORE HABITAT AND PLANTING OF NATIVE PLANTS TO HELP PROPERTIES PREVENT EROSION AND RUNOFF OF PHOSPORUS INTO THE WATER BODY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Canders President | 6 | $0 | |
Michael Gay Vice President | 3 | $0 | |
Mary Jo Teetor Treasurer | 5 | $0 | |
Katherine Mcshane Recording Secretary | 2 | $0 | |
Jerremy Jones Trustee | 6 | $0 | |
John Belnavis Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $90,757 |
| Total Program Service Revenue | $0 |
| Membership dues | $49,572 |
| Investment income | $53 |
| Gain or Loss | -$13,983 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $126,399 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $9,196 |
| Professional fees and other payments to independent contractors | $91,447 |
| Occupancy, rent, utilities, and maintenance | $360 |
| Printing, publications, postage, and shipping | $3,154 |
| Other expenses | $13,403 |
| Total expenses | $117,760 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $273,471 |
| Other assets | $0 |
| Total assets | $273,471 |
| Total liabilities | $0 |
| Net assets or fund balances | $273,471 |