Lake Timberline Property Owners Improvement Councile Inc
- Assets
- $211.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bonne Terre, MO
- Founding
- 01/1975
- Data as of
- 12/2021
- EIN
- 23-7359293
The information for Lake Timberline Property Owners Improvement Council Inc is as of the organization's most recent filing in December '21. This organization is located in Bonne Terre, MO. It has been in existence for 46 years, following its founding in 1975.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Lake Timberline Property Owners Improvement Council Inc. is classified under the NTEE code L50, indicating that it falls under the category of Housing & Shelter. Specifically, it is classified as a Homeowners & Tenants Association. This means that the organization serves the interests of the community as a whole and provides services that meet the needs of people who own or rent apartments, condominiums, townhomes, mobile home parks, or other housing complexes that are members of the organization. Additionally, the organization is governed by section 7 of the Internal Revenue Code, which is designated for Social and Recreational Clubs.
Organization Growth
The Lake Timberline Property Owners Improvement Council Inc has experienced growth over the given time period. The total revenue of the organization increased from $39.1K in 2016 to $60.1K in 2021, indicating a positive trend in their financial performance.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janice Miller Secretary | 1 | $0 | |
Jack Dudek President | 2 | $0 | |
Dennis Burns Vice Preside | 1 | $0 | |
Cindy Daggett Trustee | 1 | $0 | |
Jerry Henson Trustee | 1 | $0 | |
Deborah Robbins Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,765 |
| Total Program Service Revenue | $0 |
| Membership dues | $3,020 |
| Investment income | $20 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $60,142 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,313 |
| Occupancy, rent, utilities, and maintenance | $23,826 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $33,827 |
| Total expenses | $58,966 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $16,685 |
| Other assets | $0 |
| Total assets | $211,015 |
| Total liabilities | $35,619 |
| Net assets or fund balances | $175,396 |
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