Maple Lake-Lake Property Owners Association Inc
- Assets
- $100.7k
- Revenue
- $26.7k
- Investments
- $0.0
- Employees
- 6
- Location
- Maple Lake, MN
- Founding
- 06/2014
- Data as of
- 12/2020
- EIN
- 41-1463171
Organization Overview
Maple Lake-Lake Property Owners Association Inc is located in Maple Lake, MN. The organization was established in 2014. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Maple Lake-Lake Property Owners Association Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maple Lake-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 12/2020, Maple Lake-Lake Property Owners Association Inc generated $26.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.3%) each year. All expenses for the organization totaled $43.4k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
MONITORING AND MAINTENANCE OF LAKE WATER QUALITY, CONTROL OF INVASIVE PLANT SPECIES AND PREVENTION OF ZEBRA MUSSEL INFESTATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION DISBURSED $23,325 TOWARDS ITS CHARITABLE PURPOSE. OF THIS AMOUNT, $23,225 WAS PAID DIRECTLY TO VENDORS FOR AQUATIC INVASIVE SPECIES CONTROL, ERADICATION, AND TESTING. THE REMAINING $100 WAS PAID TO LOCAL EXEMPT ORGANIZATIONS (BOY SCOUTS, YOUTH BASEBALL, ETC.) AS PERMITTED IN THE MAPLE LAKE - LAKE PROPERTY OWNERS' ASSOCIATION, INC. BYLAWS AND INTERNAL REVENUE CODE SECTION 501(C)(3). THIS AMOUNT REPRESENTS 36% OF REVENUE FOR 2021, EXCLUDING GROSS RECEIPTS FROM GAMBLING ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Raiche Director/past President | Trustee | 10 | $7,970 |
Michael Reid Secretary | OfficerTrustee | 1 | $0 |
Tony Graham President | OfficerTrustee | 1 | $0 |
Rob Pribyl Vice President | OfficerTrustee | 1 | $0 |
Robert Porter Treasurer | OfficerTrustee | 1 | $0 |
Curt Forte Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,715 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,615 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,650 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,980 |
| Total Program Service Revenue | $0 |
| Investment income | $35 |
| 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 | $13,669 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,684 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $680 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,016 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $117 |
| Office expenses | $0 |
| Information technology | $866 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,789 |
| All other expenses | $324 |
| Total functional expenses | $43,383 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,780 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $13,904 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $100,684 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $100,684 |
| Total liabilities and net assets/fund balances | $100,684 |
Grants Awarded
Over the last fiscal year, Maple Lake-Lake Property Owners Association Inc has awarded $84,630 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Maple Lake, MN PURPOSE: CHARITABLE PURPOSES | $77,500 |
TROOP 219 BOY SCOUTS PURPOSE: CHARITABLE PURPOSE | $7,130 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Maple Lake-Lake Property Owners Association Inc has recieved totaling $82.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $82 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Oaks Home Owners Association Inc North Oaks, MN | $5,590,480 | $4,009,438 |
Minnesota Multi Housing Assn Bloomington, MN | $1,831,730 | $2,659,160 |
Platte Lake Property Owners Association Hillman, MN | $0 | $1,817,640 |
Eastern Iowa Regional Housing Corporation Dubuque, IA | $5,116,993 | $1,481,771 |
Home Builders Assn Of Des Moines Johnston, IA | $702,713 | $1,312,598 |
Panora Cooperative Cablevision Association Inc Panora, IA | $431,429 | $971,770 |
Greater Minneapolis Building Owners & Managers Association Minneapolis, MN | $1,087,906 | $899,811 |
South Dakota Telecommunications Association Pierre, SD | $191,089 | $797,905 |
Wisconsin Association Of Campground Owners Inc Ettrick, WI | $402,292 | $621,884 |
Broadband Association Of North Dakota Mandan, ND | $754,213 | $601,039 |
Dodge County Dairy Testing Association Coop Juneau, WI | $312,749 | $593,710 |
Luther Crest Inc Bettendorf, IA | $3,063,865 | $405,832 |