Lake Winnebago Home Owners Association
- Assets
- $7.1m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 20
- Location
- Lake Winnebago, MO
- Founding
- 02/1974
- Data as of
- 12/2021
- EIN
- 43-0890430
Organization Overview
Lake Winnebago Home Owners Association is located in Lake Winnebago, MO. The organization was established in 1974. 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, Lake Winnebago Home Owners Association employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Winnebago Home Owners 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 Winnebago Home Owners Association generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION WAS FORMED JULY 9, 1964, REORGANIZED IN THE EARLY 1970S, AND HAS SINCE BEEN CONTROLLED AND OPERATED BY THE RESIDENTS OF THEN THE SUBDIVISION OF LAKE WINNEBAGO, CASS COUNTY, MISSOURI. IT IS ORGANIZED TO PROVIDE BENEFICIAL AMENITIES FOR THE RESIDENTS OF THAT SUBDIVISION INCLUDING COMMON AND GREEN AREAS FOR RECREATION, LAKE VIEWING, COMMUNITY DOCKS, BEACHES, BOAT LAUNCHING, STORAGE FACILITIES, PARKS, BARNS & STABLES, HORSE TRAILS, BOAT RAMPS, PIERS, TENNIS COURTS, BASKETBALL COURTS, ATHLETIC FIELDS, PLAYGROUNDS AND SUCH OTHER PROPERTY AS MAY FROM TIME TO TIME BE DESIGNATED AS COMMON AREAS FOR THE BENEFIT OF OUR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN AND BEAUTIFY THE COMMON AREAS FOR THE BENEFIT OF ALL OUR MEMBER HOMEOWNERS. THESE COMMON AREAS INCLUDE COMMUNITY DOCKS, BOAT LAUNCHING, PARKS, BARNS AND STABLES, HORSE TRAILS, PIERS, TENNIS COURTS, BASKETBALL COURTS, ATHLETIC FIELDS AND PLAYGROUNDS.
DETERMINE AND ARRANGE FOR ALL INSPECTIONS, LABOR AND SERVICES NECESSARY TO MAINTAIN, REPAIR, REPLACE, IMPROVE AND ADD TO THE BEAUTY AND SAFETY OF ALL LAKES, PONDS, DAMS AND SPILLWAYS WITHIN THE SUBDIVISION FOR THE PROTECTION, ENJOYMENT, AND WELFARE OF OUR MEMBERS. THESE INCLUDE PROVIDING SERVICES FOR SWIMMING, DIVING AND/OR WADING POOLS AND BEACHES.
SALE OF MARINE FUEL FOR BOATS AND WATERCRAFT USED FOR THE ENJOYMENT OF OUR MEMBERS.
PROVIDE STORAGE RENTAL FACILTIES FOR THE PROPERTY OF OUR MEMBERS. PROVIDE FOR THE CONSTRUCTION, OPERATION AND MAINTENANCE OF DOCKS AVAILABLE FOR RENT TO ALL MEMBERS. IMPOSE THE USE OF BOAT AND DOCK PERMITS TO FURTHER ENFORCE RULES AND USAGE OF OUR LAKES AND PROVIDE A SAFE ENVIRONMENT FOR PROTECTION OF OUR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Majercik Board Treasurer | OfficerTrustee | 5 | $0 |
Mark Tatum Board President | OfficerTrustee | 10 | $0 |
Scott Joling Director | Trustee | 5 | $0 |
Jeremy Bechtold Director | Trustee | 5 | $0 |
Mark Meinders Board Vice-President | Trustee | 5 | $0 |
Steve Kirkpatrick Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $709,848 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $709,848 |
| Total Program Service Revenue | $336,023 |
| Investment income | $330 |
| 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 | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,164,558 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $252,965 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $20,963 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,485 |
| Fees for services: Accounting | $11,247 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,683 |
| Advertising and promotion | $27,785 |
| Office expenses | $15,915 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,316 |
| 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 | $82,178 |
| All other expenses | $80,735 |
| Total functional expenses | $1,104,032 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125,770 |
| Savings and temporary cash investments | $4,511,703 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,489 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $20,518 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,440,068 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,105,548 |
| Accounts payable and accrued expenses | $8,881 |
| 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 | $122,000 |
| Total liabilities | $130,881 |
| 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 | $6,974,667 |
| Total liabilities and net assets/fund balances | $7,105,548 |
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