Lakewood Utilities
- Assets
- $404.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Dodge, IA
- Founding
- 02/1967
- Data as of
- 09/2022
- EIN
- 42-0920429
Organization Overview
Lakewood Utilities is located in Fort Dodge, IA. The organization was established in 1967. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakewood Utilities is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 09/2022, Lakewood Utilities generated $67.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $71.5k during the year ending 09/2022. While expenses have increased by 11.1% per year over the past 6 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
2022
Describe the Organization's Program Activity:
Part 3
LAKEWOOD UTILITIES WAS DESIGNED TO PROVIDE WATER SERVICES AND ROAD MAINTENANCE TO THE GENERAL PUBLIC IN THE LAKEWOOD AREA OF FORT DODGE, IOWA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leonard Darling Board Member | 0.5 | $0 | |
Tj Lynn Board Member | 0.5 | $0 | |
Shaunna Abrams Secretary | 0.5 | $0 | |
Lori Evans Treasurer | 5 | $0 | |
Charlie Walker Vice Preside | 0.5 | $0 | |
Jeff Wood President | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $67,413 |
| Membership dues | $0 |
| Investment income | $49 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $67,462 |
| 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 | $730 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $70,781 |
| Total expenses | $71,511 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $184,386 |
| Other assets | $0 |
| Total assets | $404,244 |
| Total liabilities | $382,749 |
| Net assets or fund balances | $21,495 |
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