Lake Plymouth Community Association
- Assets
- $299.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Plymouth, CT
- Founding
- 06/1988
- Data as of
- 06/2022
- EIN
- 04-0917687
The information for Lake Plymouth Community Association is as of the organization's most recent filing in June 2021. This organization is located in Plymouth, CT. It has been in existence for 33 years, following its founding in 1988.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Lake Plymouth Community Association's NTEE code is S22. The "S" tells us that the organization is classified along with Neighborhood & Block Associations. The "22" tells us that the organization is a Community Improvement & Capacity Building organization. The NTEE describes Community Improvement & Capacity Building organizations as those whose members are residents of a particular community or neighborhood who have joined together to remedy deficiencies in existing neighborhood conditions or to enhance conditions that are currently satisfactory. Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(4) organization. The IRS describes these organizations as those engaged in Civic Leagues, Social Welfare Organizations, and Local Associations of Employees work.
Program Areas
The Association is responsible for maintaining the lake and its surrounding property for use and enjoyment by Association members. This includes reporting all related revenues, support, and functional expenses not reported by another fund or program within the general fund.
Organization Growth
The Lake Plymouth Community Association has seen growth over the past four years. Their total revenue has increased from $55.9K in 2016 to $61.8K in 2020, indicating positive growth. This positive trend is a positive sign for the organization and could indicate future growth.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Steinman President | 0 | $0 | |
Robert Koenemund Vice Preside | 0 | $0 | |
Barbara Galvin Secretary | 0 | $0 | |
Laura Bertrand Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $65,622 |
| Investment income | $407 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $66,029 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,950 |
| Occupancy, rent, utilities, and maintenance | $18,009 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $29,266 |
| Total expenses | $49,225 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $285,636 |
| Other assets | $0 |
| Total assets | $299,721 |
| Total liabilities | $0 |
| Net assets or fund balances | $299,721 |
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|---|---|---|
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