Lake Stockholm Water Systems Inc
- Assets
- $218.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Stockholm, NJ
- Founding
- 11/1989
- Data as of
- 12/2022
- EIN
- 22-2787797
Organization Overview
Lake Stockholm Water Systems Inc is located in Stockholm, NJ. The organization was established in 1989. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Stockholm Water Systems Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2022, Lake Stockholm Water Systems Inc generated $49.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $55.3k during the year ending 12/2022. 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
PROVIDED SAFE DRINKING WATER TO 99 FAMILIES LIVING AT LAKE STOCKHOLM NJ
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Pospiech Trustee And Licensed Operator | 4 | $3,600 | |
Jessica Rey Treasurer | 5 | $2,400 | |
John Coyne Recording Secretary | 5 | $550 | |
John W Clark Jr President | 5 | $0 | |
Adam Delellis Trustee | 1 | $0 | |
Suzanne Clark Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $47,257 |
| Membership dues | $0 |
| Investment income | $1,815 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $49,072 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $6,550 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $14,840 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $33,883 |
| Total expenses | $55,273 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $60,276 |
| Other assets | $0 |
| Total assets | $218,085 |
| Total liabilities | $0 |
| Net assets or fund balances | $218,085 |
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