Candlewood Trails Association
- Assets
- $2.2m
- Revenue
- $277.9k
- Investments
- $0.0
- Employees
- 0
- Location
- New Milford, CT
- Founding
- 12/1967
- Data as of
- 12/2021
- EIN
- 06-6076898
Organization Overview
Candlewood Trails Association is located in New Milford, CT. The organization was established in 1967. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, 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. Candlewood Trails Association is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Candlewood Trails Association generated $277.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $217.6k during the year ending 12/2021. While expenses have increased by 2.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES RECREATIONAL FACILITIES ON CANDLEWOOD LAKE FOR THE BENEFIT OF MEMBERS. TO MAINTAIN THESE FACILITIES. TO PROVIDE FRESH WATER SUPPLY WITHOUT PROFIT
Describe the Organization's Program Activity:
Part 3 - Line 4a
WATER AT NO CHARGE DOCKS AND BEACH FACILITIES MAINTAINED BOAT SLIPS PROVIDED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Henry Beary Secretary | Officer | 2 | $2,000 |
Jay Laramie 2nd V P | Officer | $0 | |
Jenny Degarmeaux 1st Vice President | Officer | $0 | |
Steve Kluge President | Officer | 3 | $0 |
Bill May Treasurer | Officer | 1 | $0 |
Tim Near Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $277,820 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $277,820 |
| Total Program Service Revenue | $0 |
| Investment income | $79 |
| 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 | $277,899 |
| 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. | $3,000 |
| 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 | $5,245 |
| Fees for services: Accounting | $3,630 |
| 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 | $1,602 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $70,648 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,358 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $80,621 |
| Insurance | $12,580 |
| All other expenses | $0 |
| Total functional expenses | $217,586 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $518,554 |
| Savings and temporary cash investments | $167,359 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $278,103 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,074 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,269,702 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,239,792 |
| Accounts payable and accrued expenses | $39,274 |
| 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 | $308,340 |
| Other liabilities | $0 |
| Total liabilities | $347,614 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $1,947,668 |
| Retained earnings, endowment, accumulated income, or other funds | -$55,490 |
| Total liabilities and net assets/fund balances | $2,239,792 |
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