Clear Lake Property Owners Association Inc
- Assets
- $27.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Edina, MN
- Founding
- 09/2000
- Data as of
- 12/2022
- EIN
- 39-1984103
Organization Overview
Clear Lake Property Owners Association Inc is located in Edina, MN. The organization was established in 2000. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, 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. Clear Lake Property Owners Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Clear Lake Property Owners Association Inc generated $4.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $2.8k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
THE ASSOCIATION CARRIED OUT A PLANT SURVEY AND A WHOLE LAKE TREATMENT TO MITIGATE THE IMPACT OF EUROASION MILFOIL, AND INVASIVE PLANT SPECIES THAT NEGATIVELY IMPACTS THE QUALITY OF THE LAKE. WHILE THE WORK WAS COMPLETED IN 2021, THE INVOICES WERE PAID IN 2022 (AND THE BOOKS ARE KEPT ON A CASH BASIS). THIS IS CONSISTENT WITH THE ASSOCIATIONS ACCOMPLISHMENTS SINCE ITS INCEPTION. WHOLE LAKE TREATMENTS ARE COMPLETED EVERY 3 - 5 YEARS, WITH SPOT TREATMENTS DONE IN SOME YEARS IN BETWEEN WHOLE LAKE TREATMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Thompson President | 1 | $0 | |
Jim Sorboro Treasurer | 1 | $0 | |
Rick Zabinski Director | 1 | $0 | |
Karla Gluek Secretary | 1 | $0 | |
Carol Madden Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,610 |
| Total Program Service Revenue | $0 |
| Membership dues | $690 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $4,300 |
| 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 | $2,615 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $172 |
| Other expenses | $0 |
| Total expenses | $2,787 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $27,909 |
| Other assets | $0 |
| Total assets | $27,909 |
| Total liabilities | $0 |
| Net assets or fund balances | $27,909 |