Lake Panorama Association

Organization Overview

Lake Panorama Association is located in Panora, IA. The organization was established in 1971. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Lake Panorama Association employed 150 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Panorama Association 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 12/2021, Lake Panorama Association generated $6.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $5.8m during the year ending 12/2021. While expenses have increased by 3.8% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O.TO CONTROL THE DEVELOPMENT, USE, AND MAINTANANCE OF ALL LAKE PANORAMA RESIDENTIAL, RECREATIONAL, AND COMMON SERVICE AREAS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OVERSEE AND ADMINISTER THE OPERATIONS OF THE LAKE PANORAMA NATIONAL RESORT AND CONFERENCE CENTER. THE LAKE PANORAMA NATIONAL RESORT INCLUDES A 18 HOLE GOLF COURSE, FULL SERVICE RESTAURANT, BANQUET AND MEETING ROOM FACILITIES, PRO SHOP AND LODGING.


OVERSEE THE CARE OF THE STREETS, ROADWAYS, GROUNDS, BEACHES AND BUILDINGS AND EQUIPMENT OWNED BY THE ASSOCIATION. THE 6,000 ACRE DEVELOPMENT INCLUDES OVER 43 MILES OF STREETS AND 3 BEACHES.


WATER - SUPPLY MEMBERS WITH QUALITY WATER SERVICE. OVERSEE THE DAY TO DAY OPERATIONS OF THE WATER PURIFICATION PLANTS, WELLS, AND WATER MAINS WHICH SUPPLY WATER TO THE ASSOCIATION MEMBERS.


RESPONSIBLE FOR SILT REMOVAL FOR THE PURPOSE OF THE IMPROVEMENT OF LAKE AND WATER QUALITY. THE CONTRACT WITH THE LAKE PANORAMA RURAL IMPROVEMENT ZONE (A TAX-INCREMENT FINANCING DISTRICT) WAS FOR APPROXIMATELY 187,500 CUBIC YARDS OF SILT. OVER 200 SQUARE MILES OF LAND DRAINS INTO THE LAKE, BRINGING SILT ALONG WITH IT.SECURITY - PROVIDE A SAFE AND SECURE ENVIRONMENTDAM - CONTROL OPERATIONSRECREATIONAL FACILITIES


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Board, Officers & Key Employees

Name (title)Compensation
John Rutledge
General Manager - Lpa
$165,342
Royce Shaffer
General Manager-Lpn
$76,667
Danna Krambeer
Lpa-Controller
$76,121
Sandy Lowe
Lpn-Controller
$55,413
Richard Schumacher
Vice President
$2,650
Mary Jane Carothers
President
$2,300

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Holbrock Construction
Water Lines
$288,960
Sta-bilt Construction Llc
Seal Coat Roads
$200,371
Buttler Construction
Rock/road Materials
$100,065
Cl Carroll & Co
Water Plant Project
$315,210
Harmann Excavating
Dam Project
$123,089
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $223,616
All other contributions, gifts, grants, and similar amounts not included above$37,819
Noncash contributions included in lines 1a–1f $37,819
Total Revenue from Contributions, Gifts, Grants & Similar$261,435
Total Program Service Revenue$5,034,877
Investment income $15,800
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $143,653
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 $325,685
Miscellaneous Revenue$0
Total Revenue $6,436,840

Peer Organizations

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