Sylvan Lake Improvement Association
- Assets
- $1.9m
- Revenue
- $145.9k
- Investments
- $0.0
- Employees
- 8
- Location
- Rome City, IN
- Founding
- 12/1989
- Data as of
- 12/2022
- EIN
- 35-1770173
Organization Overview
Sylvan Lake Improvement Association is located in Rome City, IN. The organization was established in 1989. According to its NTEE Classification (D30) the organization is classified as: Wildlife Preservation & Protection, under the broad grouping of Animal-Related and related organizations. As of 12/2022, Sylvan Lake Improvement Association employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sylvan Lake Improvement Association 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, Sylvan Lake Improvement Association generated $145.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (14.7%) each year. All expenses for the organization totaled $342.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Sylvan Lake Improvement Association has awarded 12 individual grants totaling $152,118. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ASSISTANCE, TO ENHANCE WILDLIFE CONSERVATION, NATURAL BEAUTY AND RECREATION BY MEMBERS OF THE ASSOCIATION AND NO OTHER PURPOSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WEED AND WATER QUALITY CONTROL TO PREVENT PROBLEMS ASSOCIATED WITH
COMMUNITY FIREWORKS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Ehinger Director | Trustee | 8 | $7,200 |
Nick Heffner Director | Trustee | 2 | $0 |
David Holliday Director | Trustee | 15 | $20,300 |
Craig Trees Director | Trustee | 2 | $0 |
Lynn Spidel Director | Trustee | 2 | $0 |
Larry Allen Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $22,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,946 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,946 |
| Total Program Service Revenue | $12,463 |
| Investment income | $120 |
| Tax Exempt Bond Proceeds | $16,291 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $92,088 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $145,908 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $153,758 |
| 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. | $62,144 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,910 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,538 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,790 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $243 |
| Fees for services: Other | $1,540 |
| Advertising and promotion | $688 |
| Office expenses | $6,153 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,714 |
| 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 | $10,419 |
| Insurance | $7,293 |
| All other expenses | $0 |
| Total functional expenses | $342,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,449 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,498,220 |
| Investments—publicly traded securities | $318,741 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,865,410 |
| Accounts payable and accrued expenses | $609 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $609 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,864,801 |
| Total liabilities and net assets/fund balances | $1,865,410 |
Grants Awarded
Over the last fiscal year, Sylvan Lake Improvement Association has awarded $152,118 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
NOBLE TRAILS INC PURPOSE: REPAIRS | $152,118 |