Lake Improvement Association
- Assets
- $115.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- West Bloomfield, MI
- Founding
- 04/1945
- Data as of
- 10/2022
- EIN
- 38-6090037
Organization Overview
Lake Improvement Association is located in West Bloomfield, MI. The organization was established in 1945. 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 Improvement Association is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 10/2022, Lake Improvement Association generated $27.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $30.9k during the year ending 10/2022. While expenses have increased by 4.4% per year over the past 7 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcia Singo Treasurer | 2.5 | $0 | |
Carol Ferenc Secretary | 1 | $0 | |
David Bussell President | 2 | $0 | |
Judith Schmidt Vice Preside | 1 | $0 | |
Terry Lewis Board Member | 1 | $0 | |
Ron Harwood Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $27,300 |
| Investment income | $16 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $27,316 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $30,870 |
| Total expenses | $30,870 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $61,407 |
| Other assets | $0 |
| Total assets | $115,809 |
| Total liabilities | $0 |
| Net assets or fund balances | $115,809 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indiana Association Of Soil & Water Indianapolis, IN | $475,638 | $1,089,693 |
Michigan Nature Association Okemos, MI | $22,928,727 | $2,035,934 |
Michigan Water Environment Association Inc Lansing, MI | $978,794 | $739,149 |
Lake Bella Vista Improvement Association Rockford, MI | $2,691,698 | $803,238 |
Presque Isle Harbor Association Presque Isle, MI | $1,772,855 | $855,446 |
Indiana Water Environment Association Inc Indianapolis, IN | $234,562 | $443,058 |
Sustainable Resources Institute Inc Crystal Falls, MI | $195,221 | $438,155 |
Black Environmental Leaders Association Solon, OH | $415,050 | $374,839 |
Lake Seneca Resorts Association Senecaville, OH | $922,319 | $428,373 |
The Ohio Water Environment Association Columbus, OH | $430,930 | $320,658 |
North American Lake Management Society Madison, WI | $669,492 | $480,405 |
Indiana Land Title Association Indianapolis, IN | $549,491 | $434,941 |