Beaver Lake Association
- Assets
- $4.4m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 54
- Location
- Plattsmouth, NE
- Founding
- 05/1977
- Data as of
- 12/2021
- EIN
- 47-6086392
Organization Overview
Beaver Lake Association is located in Plattsmouth, NE. The organization was established in 1977. 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. As of 12/2021, Beaver Lake Association employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beaver Lake Association 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 12/2021, Beaver Lake Association generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $2.5m during the year ending 12/2021. While expenses have increased by 1.2% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MAINTENACE OF COMMON AREAS OF THE HOMEOWNERS ASSOCIATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACQUISITION, CONSTRUCTION, MANANGEMENT AND MAINTENANCE OF ASSOCIATIONCOMMON AREAS. UTILITY AND METER FEES AND OTHER PROGRAM REVENUE USED FOR THEMAINTENANCE AND BETTERMENT OF ASSOCIATION COMMON AREAS AND FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russ Parmer Vice President | Officer | 0 | $0 |
Jennifer Serkiz Treasurer | Officer | 0 | $0 |
Callie Watson Secretary | Officer | 0 | $0 |
Andy Warren President | Officer | 0 | $0 |
Steve Wicht Director | Trustee | 0 | $0 |
Brad Renner Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,432,290 |
| 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 | $1,432,290 |
| Total Program Service Revenue | $1,365,600 |
| Investment income | $562 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,814,452 |
| 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 | $902,449 |
| Pension plan accruals and contributions | $14,977 |
| Other employee benefits | $180,351 |
| Payroll taxes | $68,731 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,387 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $47,316 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,695 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $31,548 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $448,625 |
| Insurance | $160,092 |
| All other expenses | $29,367 |
| Total functional expenses | $2,507,384 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $452,206 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $57,463 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,927,451 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,925 |
| Total assets | $4,439,045 |
| Accounts payable and accrued expenses | $118,609 |
| 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 | $762,307 |
| Other liabilities | $62,550 |
| Total liabilities | $943,466 |
| Net assets without donor restrictions | $3,495,579 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $4,439,045 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Water Research Foundation Denver, CO | $40,428,848 | $27,171,902 |
Fishchoice Inc Fort Collins, CO | $1,720,335 | $3,407,633 |
Beaver Lake Association Plattsmouth, NE | $4,439,045 | $2,814,452 |
Colorado Water Protective & Development Association Fowler, CO | $5,748,336 | $2,077,567 |
Ozarks Environmental Services Kimberling City, MO | $1,364,072 | $2,517,937 |
Arkansas River Watershed Collaborative Lake George, CO | $597,243 | $1,658,619 |
Animas-La Plata Operation Maintenance And Replacement Associ Durango, CO | $8,867,254 | $1,768,050 |
Little Thompson Watershed Coalition Lyons, CO | $67,820 | $1,355,470 |
Watershed Committee Of Ozarks Inc Springfield, MO | $3,357,505 | $2,342,450 |
Lower Arkansas Water Management Association Lamar, CO | $24,072,938 | $1,711,322 |
Roaring Fork Conservancy Basalt, CO | $3,983,980 | $1,166,555 |
Colorado Foundation For Water Education Denver, CO | $581,675 | $1,008,840 |