Westlake Lake Management Association
- Assets
- $9.8m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 16
- Location
- Westlake Village, CA
- Founding
- 12/1977
- Data as of
- 12/2021
- EIN
- 23-7002953
Organization Overview
Westlake Lake Management Association is located in Westlake Village, CA. The organization was established in 1977. 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 12/2021, Westlake Lake Management Association employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westlake Lake Management 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, Westlake Lake Management Association generated $2.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 6 years. 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
MISSION IS TO MANAGE AND MAINTAIN THE LAKE AND ENVIRONMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINING LAKE AND ENVIRONMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl L Koenig Lake Ops. Mgr./sr. Advisor | 40 | $127,813 | |
Chip Lightfoot Vice President | OfficerTrustee | 0 | $0 |
Lisa Gockel-Carl President | OfficerTrustee | 0 | $0 |
Arthur Pfefferman Treasurer | OfficerTrustee | 0 | $0 |
Donald Nikchevich Secretary | OfficerTrustee | 0 | $0 |
Linda Catlin Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,455,170 |
| 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 | $1,455,170 |
| Total Program Service Revenue | $822,384 |
| Investment income | $21,855 |
| 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 | $2,299,409 |
| 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. | $127,813 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $302,992 |
| Pension plan accruals and contributions | $50,598 |
| Other employee benefits | $29,212 |
| Payroll taxes | $38,424 |
| Fees for services: Management | $144,417 |
| Fees for services: Legal | $99,383 |
| Fees for services: Accounting | $5,946 |
| 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 | $0 |
| 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 | $2,368 |
| Insurance | $208,081 |
| All other expenses | $0 |
| Total functional expenses | $2,217,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,235,610 |
| Savings and temporary cash investments | $7,062,556 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,605 |
| 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 | $64,695 |
| Net Land, buildings, and equipment | $407,286 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,773,752 |
| Accounts payable and accrued expenses | $45,096 |
| Grants payable | $0 |
| Deferred revenue | $52,050 |
| 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 | $71,138 |
| Total liabilities | $168,284 |
| Net assets without donor restrictions | $378,827 |
| Net assets with donor restrictions | $9,226,641 |
| 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 | $9,773,752 |
Peer Organizations
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|---|---|---|
Western Rivers Conservancy Portland, OR | $69,706,599 | $6,069,985 |
California Waterfowl Association Roseville, CA | $35,396,569 | $21,080,372 |
Water Foundation Sacramento, CA | $24,031,910 | $14,837,978 |
Digdeep Right To Water Project Los Angeles, CA | $16,956,500 | $12,789,451 |
California Rural Water Association Sacramento, CA | $3,577,030 | $6,460,960 |
Nature Collective Solana Beach, CA | $16,094,716 | $5,764,698 |
Walker Basin Conservancy Reno, NV | $80,094,902 | $17,114,927 |
Santa Ana Watershed Association Of Rcds Riverside, CA | $6,098,465 | $4,472,919 |
The Coral Reef Alliance San Francisco, CA | $4,014,411 | $4,148,102 |
Sustainable Ocean Alliance Inc San Francisco, CA | $4,770,789 | $3,228,934 |
U S Water Alliance Oakland, CA | $3,930,310 | $4,183,310 |
Mid Klamath Watershed Council Orleans, CA | $2,405,000 | $3,924,185 |