White Birch Lakes Recreational Association
- Assets
- $2.2m
- Revenue
- $531.0k
- Investments
- $0.0
- Employees
- 11
- Location
- Farwell, MI
- Founding
- 06/1985
- Data as of
- 02/2023
- EIN
- 38-2300691
Organization Overview
White Birch Lakes Recreational Association is located in Farwell, MI. The organization was established in 1985. According to its NTEE Classification (N03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Recreation & Sports and related organizations. As of 02/2023, White Birch Lakes Recreational Association employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. White Birch Lakes Recreational Association is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 02/2023, White Birch Lakes Recreational Association generated $531.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $530.5k during the year ending 02/2023. While expenses have increased by 2.9% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROPERTY ASSOCIATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINING COMMON PROPERTIES FOR THE BENEFIT OF THE PROPERTY OWNERS
MAINTAINING COMMON PROPERTIES FOR THE BENEFIT OF THE PROPERTY OWNERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jenny Baker Director | Trustee | 2 | $0 |
Jim Bladidel Director | Trustee | 2 | $0 |
Steve Bryant Director | Trustee | 2 | $0 |
Kevin Dombrowski Director | Trustee | 2 | $0 |
Tim Boos President | Officer | 2 | $0 |
Steve Brandle 1st Vice Pre | Officer | 2 | $0 |
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 | $519,108 |
| Investment income | $3,031 |
| 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 | $530,978 |
| 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 | $165,638 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,451 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,425 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $73 |
| Office expenses | $3,310 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $81,317 |
| Travel | $2,886 |
| 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 | $63,179 |
| Insurance | $10,216 |
| All other expenses | $46,645 |
| Total functional expenses | $530,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,310 |
| Savings and temporary cash investments | $344,261 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $84,710 |
| 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 | $2,667 |
| Net Land, buildings, and equipment | $1,451,732 |
| Investments—publicly traded securities | $109,287 |
| Investments—other securities | $0 |
| Investments—program-related | $73,328 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,150,295 |
| Accounts payable and accrued expenses | $14,396 |
| Grants payable | $0 |
| Deferred revenue | $202,949 |
| 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 | $946 |
| Total liabilities | $218,291 |
| Net assets without donor restrictions | $819,288 |
| Net assets with donor restrictions | $1,112,716 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,150,295 |