Lake Como Beach Property Owners Inc

Organization Overview

Lake Como Beach Property Owners Inc is located in Lake Geneva, WI. The organization was established in 2016. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 05/2022, Lake Como Beach Property Owners Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Como Beach Property Owners Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.

For the year ending 05/2022, Lake Como Beach Property Owners Inc generated $198.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $237.5k during the year ending 05/2022. While expenses have increased by 5.9% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

LAKE COMO BEACH PROPERTY OWNER'S ASSOCIATION WAS FORMED FOR THE PURPOSE TO SERVE THE INDIVIDUAL PROPERTY OWNERS WHO ARE MEMBERS OF THE ASSOCIATION. THE ASSOCIATION'S GOAL IS TO PRESERVE, MAINTAIN AND PROTECT THE PROPERTY AND COMMON AREAS OF LAKE COMO BEACH FOR THE BENEFIT AND ENJOYMENT OF THE INDIVIDUAL PROPERTY OWNERS (MEMBERS) OF LAKE COMO BEACH.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LAKE COMO BEACH PROPERTY OWNER'S ASSOCIATION IS A PROPERTY HOMEOWNER'S ASSOCIATION AND ITS PURPOSE IS TO SERVE THE INDIVIDUAL PROPERTY OWNERS WHO ARE MEMBERS OF THE ASSOCIATION.


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Board, Officers & Key Employees

Name (title)Compensation
Mike Spread
Treasurer
$2,400
Judy Decker
Secretary
$2,400
John Winters
President
$2,400
Marla Walsh
Vice Preside
$800
Doug Adams
Director
$650
Tina Invergo
Director
$650

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$195,187
Investment income $518
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 $198,837

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