Friends Of Lake Quannapowitt
- Assets
- $272.5k
- Revenue
- $33.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Wakefield, MA
- Founding
- 07/1992
- Data as of
- 12/2022
- EIN
- 04-3124223
Organization Overview
Friends Of Lake Quannapowitt is located in Wakefield, MA. The organization was established in 1992. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Lake Quannapowitt 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 12/2022, Friends Of Lake Quannapowitt generated $33.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $11.8k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE PUBLIC AWARENESS AND PROVIDE LONG-TERM PROTECTION AND ENHANCEMENT OF LAKE QUANNAPOWITT AND ITS PUBLIC LANDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENHANCE COMMUNITY AND PUBLIC AWARENESS OF FACTORS AFFECTING ENVIRONMENTAL AND WATER QUALITY. EDUCATE STUDENTS IN THE CLASSROOM AND FIELD STUDIES ABOUT ECOLOGICAL AND WATERSHED STUDIES. PUBLISH PERIODIC NEWSLETTERS AND FLIERS. DEVELOP FOLQ SOCIAL MEDIA ELECTRONIC COMMUNICATIONS PLATFORM AND MAINTAIN ITS WEBSITE.
PROMOTE RESPONSIBLE AND SUSTAINABLE USE OF LAKE QUANNAPOWITT AND ITS SHORELINE. PROTECT THE LAKE ENVIRONMENTAL QUALITY AND ITS SHORELINE AGAINST STORMWATER POLLUTION. MONITOR AND TEST WATER QUALITY. OBSERVE AND RECORD VARIOUS ECOLOGICAL FACTORS AFFECTING WATER QUALITY OF THE LAKE AND ADJACENT AREAS AND WATERWAYS. MONITOR AND SUPPORT EFFORTS TO MITIGATE ENVIRONMENTAL IMPACT OF NON-MIGRATORY GEESE ON THE LAKE AND ADJACENT AREAS.
ENHANCE LAKE QUANNAPOWITTS APPEARANCE AND ENVIRONMENT. CLEAN UP LITTER AROUND THE LAKESIDE AND ADJACENT PARKS, REPAIR BENCHES, AND RESTRAIN COMMERCIAL DEVELOPMENT NEAR THE LAKE.
PROMOTE RECREATIONAL USE OF THE LAKE QUANNAPOWITT AND ADJACENT LANDS. MAKE SITE IMPROVEMENTS TO PUBLIC PARK AREAS NEAR THE LAKE, PURCHASE BENCHES AND COMMEMORATIVE BRICKS, AND INSTALL OTHER AMENITIES AROUND THE LAKE FOR THE BENEFIT OF WAKEFIELD RESIDENTS AND VISTORS FROM OTHER COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Sofia Director | Trustee | 1 | $0 |
Leeila Given Director | Trustee | 3 | $0 |
Thomas Stapleton Director | Trustee | 1 | $0 |
Robert Wettach Director | Trustee | 3 | $0 |
Timothy Welch Director | Trustee | 1 | $0 |
Karen Faler Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,775 |
| Fundraising events | $150 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,313 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,238 |
| Total Program Service Revenue | $0 |
| Investment income | $14,101 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,339 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,280 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,356 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,395 |
| Advertising and promotion | $0 |
| Office expenses | $185 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $11,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $23,898 |
| 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 | $180 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $248,375 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $272,453 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $7,012 |
| Net assets with donor restrictions | $265,441 |
| 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 | $272,453 |