Lake Tippecanoe Property Owners Inc
- Assets
- $126.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Leesburg, IN
- Founding
- 08/2009
- Data as of
- 12/2022
- EIN
- 31-1105800
Organization Overview
Lake Tippecanoe Property Owners Inc is located in Leesburg, IN. The organization was established in 2009. According to its NTEE Classification (C34) the organization is classified as: Land Resources Conservation, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Tippecanoe Property Owners 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 12/2022, Lake Tippecanoe Property Owners Inc generated $186.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $179.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.1%) per year over the past 8 years. 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 Mission:
Part 3 - Line 1
PRESERVATION OF WETLANDS IN COOPERATION WITH THE NATURE CONSERVANCY AS A MEANS OF KEEPING NATURAL HABITAT FOR WILDLIFE. PRESERVE & PROTECT THE ECOLOGY; ENCOURAGE ONLY THOSE USES OF PROPERTY AROUND THE LAKE THAT WILL PRODUCE A POSITIVE IMPRESSION AND A POSITIVE ENVIRONMENTAL IMPACT; TO PREVENT DANGEROUS, INJURIOUS OR NOXIOUS CONDITIONS SUCH AS POLLUTION, UNSANITARY CONDITIONS ON LAND AND WATER AND OVERCROWDING ON LAND AND WATER.
Describe the Organization's Program Activity:
Part 3
LAKE SAFETY & HEALTHY LAKE ECOSYSTEM - LTPO PROMOTES SAFE BOATING PRACTICES BY ORGANIZING AND HOSTING ANNUAL BOATING SAFETY COURSES AND OWNS 2 WATERCRAFT THAT ARE STAFFED BY LTPO VOLUNTEERS WHO ARE TRAINED AND DEPUTIZED BY THE KOSCIUSKO CO SHERIFF'S DEPT. TO PATROL THE 3 LAKE BASINS FOR UNSAFE/ILLEGAL PRACTICES AND ISSUE CITATIONS, IF WARRANTED. NAVIGATIONAL AND ECO-ZONE BOUYS ARE MANAGED BY THE THE LTPO FOR BOATING SAFETY AND PROTECTION OF SHORELINES. MANIPULATION OF THE DAM IS MANAGED BY THE LTPO AS DIRECTED BY THE STATE OF INDIANA DNR FOR FLOOD CONTROL. LTPO HAS PURCHASED PROPERTY SPECIFICALLY FOR EASE OF ACCESS FOR THE EMINENT CONSTRUCTION OF A NEW DAM TO REPLACE THE CURRENT DAM THAT HAS OUTLIVED ITS PROJECTED LIFESPAN. TREATMENT OF NON-NATIVE VEGETATION AND NOXIOUS ALGAE IS FUNDED ANNUALLY TO INCREASE LAKE ENJOYMENT.
OTHER PROGRAM SERVICES - THE FLOTILLA IS AN ANNUAL EVENT ALSO TAKING PLACE DURIN THE 4TH OF JULY CELEBRATION. PARTICIPATION FOR CASH PRIZES IS OPEN TO ANYONE, AND THE PIERS ARE PACKED WITH FAMILIES ENJOYING THE PARADE. THE ANNUAL FISH FRY IS ALSO OPEN TO THE PUBLIC AND HELPS INCREASE THE VISIBILITY OF THE LTPO. THE FISHING CONTEST CAN BE ENTERED BY ANYONE FISHING THE 3 BASINS OF LAKE TIPPECANOE WITH TROPHIES PRESENTED FOR INDIVIDUAL BEST CATCHES.
COMMUNITY OUTREACH & EDUCATION - INFORMATION ABOUT THE LTPO'S ACTIVITES IS AVAILABLE THROUGH THE WEBSITE AND THROUGH THE NEWSLETTER, WHICH IS SENT TO ALL MEMBERS. THE DIRECTORY IS PUBLISHED ON AN ANNUAL BASIS FOR USE OF MEMBERS AND INCLUDES ADS FROM AREA BUSINESSES AS WELL AS PUBLIC SERVICE ANNOUNCEMENTS ON SAFE BOATING, EMERGENCY NUMBERS, ETC, AND A LISTING OF MEMBERS. DOPNATIONS ARE MADE TO PROMOTE WATER QUALITY AWARENESS TO LILLY CENTER FOR LAKES & STREAMS THROUGH PROGRAMS SUCH AS THE LAKES FESTIVAL, CALENDAR CONTEST AND CLASSROOM AQUARIUMS, THE TIPPECANOE WATERSHED FOUNDATION TO HELP PROMOTE THEIR PROGRAMS FOR WATER QUALITY EDUCATION, AND TO THE PLAIN & TURKEY CREEK TOWNSHIP FIRE DEPARTMENTS.
ANNUAL FIREWORKS DISPLAY - THE FIREWORKS DISPLAY IS FUNDED BY CONTRIBUTIONS FROM LTPO MEMBERS FOR THE ENJOYMENT OF EVERYONE ON THE LAKE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Free President | 0 | $0 | |
Tony Vie Vice Preside | 0 | $0 | |
Angela Drook Secretary | 0 | $0 | |
Rebecca Hartman Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $144,820 |
| Total Program Service Revenue | $500 |
| Membership dues | $38,325 |
| Investment income | $161 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $2,864 |
| Other Revenue | $0 |
| Total Revenue | $186,670 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $21,482 |
| Professional fees and other payments to independent contractors | $1,146 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $3,078 |
| Other expenses | $149,599 |
| Total expenses | $179,505 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $123,769 |
| Other assets | $0 |
| Total assets | $126,886 |
| Total liabilities | $0 |
| Net assets or fund balances | $126,886 |