Higgins Lake Property Owners Assn
- Assets
- $110.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Roscommon, MI
- Founding
- 11/1946
- Data as of
- 12/2021
- EIN
- 38-6090281
Organization Overview
Higgins Lake Property Owners Assn is located in Roscommon, MI. The organization was established in 1946. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Higgins Lake Property Owners Assn 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 12/2021, Higgins Lake Property Owners Assn generated $98.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $76.9k during the year ending 12/2021. While expenses have increased by 1.6% 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROTECTED, PRESERVED AND ENHANCED THE QUALITY OF HIGGINS LAKE AND ITS SURROUNDING WATERSHED THROUGH VARIOUS INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Mckellar Director | 3 | $0 | |
John Ogren Director | 3 | $0 | |
Jack Cornell Director | 3 | $0 | |
Fred Swineheart Director | 3 | $0 | |
Curt Devoe Director | 3 | $0 | |
Wayne Brooks Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,780 |
| Total Program Service Revenue | $0 |
| Membership dues | $53,100 |
| Investment income | $8 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $10,125 |
| Total Revenue | $98,013 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $11,656 |
| Professional fees and other payments to independent contractors | $14,622 |
| Occupancy, rent, utilities, and maintenance | $2,400 |
| Printing, publications, postage, and shipping | $4,832 |
| Other expenses | $42,601 |
| Total expenses | $76,931 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $110,210 |
| Other assets | $0 |
| Total assets | $110,610 |
| Total liabilities | $21,926 |
| Net assets or fund balances | $88,684 |
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|---|---|---|
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