Lake George Cottagers Association
- Assets
- $162.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fremont, IN
- Founding
- 04/1974
- Data as of
- 12/2022
- EIN
- 35-1307315
Organization Overview
Lake George Cottagers Association is located in Fremont, IN. The organization was established in 1974. According to its NTEE Classification (C03) the organization is classified as: Professional Societies & Associations, 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 George Cottagers 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 12/2022, Lake George Cottagers Association generated $58.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $62.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 7 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 Program Activity:
Part 3
THE LAKE GEORGE COTTAGERS ASSOCIATION CONTINUED TO EXECUTE ITS MISSION BY KEEPING LAKE GEORGE SAFE, PROVIDING INFORMATION AND PROGRAMS BENEFICIAL TO COTTAGERS AND ENSURING THE LAKE DAM IS MAINTAINED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Snyder Treasurer | 12 | $1,500 | |
Dave Sorg President | 10 | $1,000 | |
Rex Melchi Vice President | 10 | $1,000 | |
Faye Schlatter Breeze Editor | 2 | $1,000 | |
Rick Weaver Secretary | 10 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $58,696 |
| Investment income | $53 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $58,749 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $49,920 |
| Salaries, other compensation, and employee benefits | $5,500 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $3,663 |
| Other expenses | $3,016 |
| Total expenses | $62,099 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $124,820 |
| Other assets | $0 |
| Total assets | $162,868 |
| Total liabilities | $0 |
| Net assets or fund balances | $162,868 |
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