Balsam Lake Homeowers Assn
- Assets
- $97.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Balsam Lake, WI
- Founding
- Data as of
- 12/2023
- EIN
- 39-1495801
Organization Overview
Balsam Lake Homeowers Assn is located in Balsam Lake, WI. According to its NTEE Classification (S22) the organization is classified as: Neighborhood & Block Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Balsam Lake Homeowers 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 12/2023, Balsam Lake Homeowers Assn generated $67.4k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $31.1k during the year ending 12/2023. 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 |
|---|---|---|---|
John Verplank Treasurer | 5 | $0 | |
Steve Dubois Board Member | 10 | $0 | |
Joann Ferber Board Member | 10 | $0 | |
John Folkestad Board Member | 10 | $0 | |
Leslie Hacking Board Member | 10 | $0 | |
Terry Hauer Board Member | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,098 |
| Total Program Service Revenue | $0 |
| Membership dues | $26,535 |
| Investment income | $44 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $11,729 |
| Other Revenue | $0 |
| Total Revenue | $67,406 |
| 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 | $4,837 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,543 |
| Other expenses | $24,694 |
| Total expenses | $31,074 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $97,582 |
| Other assets | $0 |
| Total assets | $97,582 |
| Total liabilities | $0 |
| Net assets or fund balances | $97,582 |