Thompson Lake Environmental Association Inc
- Assets
- $689.0k
- Revenue
- $185.0k
- Investments
- $0.0
- Employees
- 10
- Location
- Oxford, ME
- Founding
- 10/1987
- Data as of
- 12/2023
- EIN
- 22-2823791
Organization Overview
Thompson Lake Environmental Association Inc is located in Oxford, ME. The organization was established in 1987. 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. As of 12/2023, Thompson Lake Environmental Association Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thompson Lake Environmental Association Inc 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 12/2023, Thompson Lake Environmental Association Inc generated $185.0k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $131.9k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVATION OF THOMPSON LAKES WATER QUALITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUE ANNUAL MILFOIL ABATEMENT AND REMOVAL PROGRAM USING D.A.S.H. BOAT AND DIVERS; MANAGE AND IMPLEMENT MILFOIL COURTESY BOAT INSPECTION PROGRAM; PROVIDE FOR LAKE WATER QUALITY ANALYSIS; WATER PRESERVATION ONGOING EDUCATION; WATERSHED SURVEY.
PUBLICATION OF QUARTERLY NEWSLETTERS, COMMUNICATIONS FOR MEMBERSHIP DRIVES, ANNUAL MEETING LITERATURE, AND ANY OTHER COMMUNICATIONS REGARDING LAKE HEALTH AND RELATED CONCERNS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Armontrout President | OfficerTrustee | 16 | $0 |
Richard Hardej Vice President | OfficerTrustee | 6 | $0 |
Jade Doyle Treasurer | OfficerTrustee | 6 | $0 |
Candace Nelson Secretary | OfficerTrustee | 1 | $0 |
Kathy Cain Director | Trustee | 2.5 | $0 |
Paul Cain Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $114,270 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $30,430 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,954 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $164,654 |
| Total Program Service Revenue | $0 |
| Investment income | $15,191 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,310 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,243 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $185,014 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,200 |
| 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 | $38,135 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,917 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35 |
| Fees for services: Accounting | $1,442 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,810 |
| Fees for services: Other | $54,907 |
| Advertising and promotion | $0 |
| Office expenses | $1,111 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,366 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $50 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,171 |
| Insurance | $5,395 |
| All other expenses | $8,356 |
| Total functional expenses | $131,912 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125,748 |
| Savings and temporary cash investments | $229,506 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $15,197 |
| Investments—publicly traded securities | $318,505 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $688,956 |
| 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 | $541,604 |
| Net assets with donor restrictions | $147,352 |
| 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 | $688,956 |