Babcock Lake Estates Inc
- Assets
- $309.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Latham, NY
- Founding
- 08/1979
- Data as of
- 12/2022
- EIN
- 14-1586223
Organization Overview
Babcock Lake Estates Inc is located in Latham, NY. The organization was established in 1979. According to its NTEE Classification (C99) the organization is classified as: Environment N.E.C., 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. Babcock Lake Estates Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Babcock Lake Estates Inc generated $108.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $77.7k during the year ending 12/2022. While expenses have increased by 3.1% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDE A BEACH AND OTHER RECREATIONAL SERVICES FOR MEMBERS. PROTECT THE LAKE AND SURROUNDING AREAS IN ORDER TO MAINTAIN A VIABLE CLEAN LAKE FOR FUTURE GENERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Alund President | 2 | $0 | |
Charles Still Vice President | 1 | $0 | |
Molly Zinna Secretary | 1 | $0 | |
Robert Burke Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,280 |
| Total Program Service Revenue | $0 |
| Membership dues | $68,675 |
| Investment income | $106 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $1,300 |
| Other Revenue | $0 |
| Total Revenue | $108,361 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $20,690 |
| Professional fees and other payments to independent contractors | $2,000 |
| Occupancy, rent, utilities, and maintenance | $286 |
| Printing, publications, postage, and shipping | $2,104 |
| Other expenses | $52,656 |
| Total expenses | $77,736 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $113,535 |
| Other assets | $0 |
| Total assets | $309,356 |
| Total liabilities | $876 |
| Net assets or fund balances | $308,480 |