Lake Dunmore Fern Lake Association
- Assets
- $2.3m
- Revenue
- $277.2k
- Investments
- $0.0
- Employees
- 9
- Location
- Salisbury, VT
- Founding
- 02/2011
- Data as of
- 12/2023
- EIN
- 03-0334363
Organization Overview
Lake Dunmore Fern Lake Association is located in Salisbury, VT. The organization was established in 2011. 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 Dunmore Fern Lake Association employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Dunmore Fern Lake Association 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 Dunmore Fern Lake Association generated $277.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $252.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROTECT THE ECOLOGY, VITALITY OF DUNMORE & FERN LAKES
Describe the Organization's Program Activity:
Part 3 - Line 4a
INVASIVE AQUATIC PLANT (MILFOIL) MANAGEMENT: FROM MAY THROUGH SEPTEMBER, MILFOIL PLANTS ARE IDENTIFIED AND PULLED BY 7 TRAINED DIVERS. THE WORK HAS CONTROLLED THE GROWTH OF MILFOIL AND HELPED TO MAINTAIN THE LAKES' FAVORABLE ECOLOGY & RECREATIONAL USE. HUNDREDS OF RESIDENTS AND THOUSANDS OF VISITORS BENEFIT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzie Crew July 2024 Trustee | Trustee | 5 | $0 |
Louis Miron Term July 2025 1st VP | Trustee | 10 | $0 |
Jeff Schumann Term July 2025 President | OfficerTrustee | 10 | $0 |
Jaap Ketting Term July 2026 Treasurer | OfficerTrustee | 10 | $0 |
Doug Perkins Term July 2026 Secretary | Trustee | 5 | $0 |
Jay Michael Term July 2024 Treasurer | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $40,551 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $106,885 |
| All other contributions, gifts, grants, and similar amounts not included above | $53,356 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $200,792 |
| Total Program Service Revenue | $0 |
| Investment income | $96,048 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$19,602 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $277,238 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $99,904 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,984 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,833 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $360 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,037 |
| Insurance | $11,090 |
| All other expenses | $28,422 |
| Total functional expenses | $252,257 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,100 |
| Savings and temporary cash investments | $231,791 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,483 |
| Investments—publicly traded securities | $2,016,620 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,284,994 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,693 |
| Total liabilities | $2,693 |
| Net assets without donor restrictions | $837,132 |
| Net assets with donor restrictions | $1,445,169 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,284,994 |