Lakewood Forest Fund Inc
- Assets
- $1.7m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 2
- Location
- Cypress, TX
- Founding
- 08/1973
- Data as of
- 12/2021
- EIN
- 23-7291903
Organization Overview
Lakewood Forest Fund Inc is located in Cypress, TX. The organization was established in 1973. According to its NTEE Classification (C11) the organization is classified as: Single Organization Support, under the broad grouping of Environment and related organizations. As of 12/2021, Lakewood Forest Fund Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakewood Forest Fund Inc 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, Lakewood Forest Fund Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. While expenses have increased by 7.7% 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
THE ORGANIZATION COLLECTS ANNUAL MAINTENANCE CHARGES AND INTEREST FROM RESIDENTIAL PROPERTY OWNERS IN ORDER TO PROVIDE AND FUND OPERATIONS; MANAGEMENT, AND MAINTENANCE OF FACILITIES AND SERVICES; AND ENFORCE COVENTANTS, RESTRICTIONS, AND LIENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION MAINTAINS ALL COMMON AREAS, INCLUDING BUT NOT LIMITED TO: PARKS, ENTRANCES, AND ESPLANADES. IT SUPPLIES STREET LIGHTS, LAKE AND IRRIGATION WATER, INSURANCE, AND SANITATION SERVICES TO PROVIDE FOR THE SAFETY AND WELFARE OF THE RESIDENTS, VISITORS, AND ENTIRE COMMUNITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott A Johnson Treasurer | OfficerTrustee | 2 | $0 |
Robert W Lewis President | OfficerTrustee | 2 | $0 |
Boe L Bowen Vice President | OfficerTrustee | 2 | $0 |
Roberta L Munz Secretary | OfficerTrustee | 2 | $0 |
Sandy Matto Trustee | Trustee | 2 | $0 |
Natalee C Jones Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Encore Landscape Management Landscaping | 12/30/21 | $165,945 |
Law Firm Of Rice And Rice Legal | 12/30/21 | $251,926 |
Texas Pride Disposal Trashrecycling | 12/30/21 | $535,234 |
Hardscape Inc Repairs Maint | 12/30/21 | $332,923 |
Harris County Treasurer Security | 12/30/21 | $399,856 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $1,645,453 |
| Investment income | $4,253 |
| 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 | $2,059,583 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $117,820 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,153 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $260,714 |
| Fees for services: Accounting | $18,370 |
| 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 | $63,326 |
| 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 | $480 |
| Insurance | $35,182 |
| All other expenses | $227,126 |
| Total functional expenses | $2,370,960 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $605,885 |
| Savings and temporary cash investments | $754,186 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $179,939 |
| 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 | $72,371 |
| Net Land, buildings, and equipment | $43,002 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,655,383 |
| Accounts payable and accrued expenses | $31,556 |
| Grants payable | $0 |
| Deferred revenue | $594,428 |
| 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 | $625,984 |
| 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 | $734,686 |
| Retained earnings, endowment, accumulated income, or other funds | $294,713 |
| Total liabilities and net assets/fund balances | $1,655,383 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Buffalo Bayou Partnership Houston, TX | $45,594,943 | $11,204,207 |
Parks And Wildlife Foundation Of Texas Inc Dallas, TX | $79,801,528 | $10,496,490 |
Brit Foundation Fort Worth, TX | $76,870,133 | $530,717 |
Lakewood Forest Fund Inc Cypress, TX | $1,655,383 | $2,059,583 |
Audubon Nature Institute Foundation New Orleans, LA | $40,562,240 | $1,613,829 |
Wildlife Conservation International Austin, TX | $962,082 | $1,156,966 |
Dsc Foundation Inc Dallas, TX | $1,126,886 | $791,995 |
Womens Council Of The Dallas Arboretum & Botanical Garden Dallas, TX | $776,998 | $597,873 |
Sustaining Our Urban Landscape Soul New Orleans, LA | $758,243 | $600,147 |
Lake Mcmurtry Friends Inc Stillwater, OK | $129,719 | $455,696 |
Dallas Arboretum Foundation Dallas, TX | $14,679,423 | $4,550,886 |
Nola Tree Project New Orleans, LA | $325,946 | $394,481 |