Prop Owners Assn Of Deep Creek Lake
- Assets
- $305.5k
- Revenue
- $51.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Mchenry, MD
- Founding
- 08/2011
- Data as of
- 12/2023
- EIN
- 52-6046067
Organization Overview
Prop Owners Assn Of Deep Creek Lake, operating under the name Co W Karen Smith, is located in Mchenry, MD. The organization was established in 2011. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Co W Karen Smith 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 12/2023, Co W Karen Smith generated $51.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $46.2k during the year ending 12/2023. While expenses have increased by 7.2% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE OBJECT AND PURPOSE OF THE ORGANIZATION IS TO BRING TOGETHER THE PROPERTY OWNERS OF THE DEEP CREEK LAKE AREA TO PROMOTE, PRESERVE AND PROTECT THE QUALITY OF LIFE, ENVIRONMENT, RECREATIONAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTION OF NEWSLETTERS TO MEMBERS AND MEETINGS THE ORGANIZATIN'S NEWSLETTERS SERVE TO INFORM AND EDUCATE MEMBERS OF THE VARIOUS ISSUES THAT FACE PROPERTY OWNERS OF DEEP CREEK LAKE, INCLUDING BUT NOT LIMITED TO, LAKE WATER LEVELS, WATER QUALITY, BOAT NOISE AND THE THREE PRINCIPAL LAND ORDINANCE REVISIONS (DEEP CREEK WATERSHED ZONING ORDINANCE, GARRETT COUNTY SUBDIVISION ORDINANCE AND THE GARRETT COUNTY SENSITIVE AREAS ORDINANCE).
SPONSORSHIPS THE ORGANIZATION SPONSORS VARIOUS LOCAL FESTIVALS, NON-PROFIT ORGANIZATIONS AND PUBLIC SERVICE DEPARTMENTS BY MAKING CONTRIBUTIONS IN SUPPORT OF THE RECIPIENTS' EFFORTS. SPONSORSHIPS AND SUPPORT INCLUDED SUPPORTING DEEP CREEK WATERSHED FOUNDATION'S LAKE LEVEL RECHARGE PROJECT, THE FIREWORKS DISPLAY, AND SOUTHERN & NORTHERN AFTER PROM.
ISSUE ADVOCACY THE ORGANIZATION CONDUCTS ISSUE ADVOCACY THAT DO NOT INVOLVE THE SPECIFIC EXPENDITURE OF FUNDS IN SUPPORT OF OR IN OPPOSITION TO LEGISLATIVE RECOMMENDATIONS THAT AFFECT THE PROPERTY OWNERS OF DEEP CREEK LAKE, INCLUDING, BUT NOT LIMITED TO, COMMENTING ON DNR REGULATIONS AND POLICIES, MEETING WITH LOCAL ELECTED OFFICALS AND GOVERNMENT BODIES, COMMENTING ON MATTERS BEFORE THE PLANNING COMMISSION AND GARRETT COUNTY COMMISSIONERS, LOOKING AT THE IMPACT OF STATE LEGISLATION ON DEEP CREEK LAKE, AND CONSIDERATION OF ISSUES SUCH AS WATER QUALITY, ZONING AND ENERGY PRODUCTION. IN THE CURRENT YEAR THE ORGANIZATION HAS PROVIDED INFORMATION ABOUT A VARIETY OF ISSUES INCLUDING MARCELLUS SHALE GAS AND HYDRILLA CONTROL TREATMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Hoffmann Past President | Trustee | 0.25 | $0 |
Susan Crawford Director & First VP | OfficerTrustee | 1 | $0 |
Tom Craven Director | Trustee | 0.25 | $0 |
Greg Harbaugh Director | Trustee | 0.25 | $0 |
T Grant Callery Director & VP Communications | Trustee | 0.25 | $0 |
Wendell Beitzel Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $33,352 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,152 |
| Total Program Service Revenue | $0 |
| Investment income | $6,977 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,511 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $51,640 |
| 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 | $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 | $944 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,950 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,038 |
| Office expenses | $2,440 |
| Information technology | $382 |
| 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 | $1,506 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $6,621 |
| Total functional expenses | $46,235 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,748 |
| Savings and temporary cash investments | $44,589 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $257,168 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $305,505 |
| 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 | $305,505 |
| 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 | $305,505 |