Twin Lakes Auxiliary
- Assets
- $388.8k
- Revenue
- $288.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Burlington, NC
- Founding
- 07/1995
- Data as of
- 04/2024
- EIN
- 56-1825298
Organization Overview
Twin Lakes Auxiliary is located in Burlington, NC. The organization was established in 1995. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Twin Lakes Auxiliary is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 04/2024, Twin Lakes Auxiliary generated $288.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 35.6% each year . All expenses for the organization totaled $237.8k during the year ending 04/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND ADVANCE THE WELL-BEING OF THE LUTHERAN RETIREMENT MINISTRIES OF ALAMANCE COUNTY (EID 56-1270984 D/B/A TWIN LAKES COMMUNITY) WHICH OPERATES A CONTINUING CARE RETIREMENT COMMUNITY SERVING 744 RESIDENTS AND A STAFF OF 425 EMPLOYEES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TREE OF LIFE PROJECTS: SUPPORT OF STAFF OF TWIN LAKES COMMUNITY - EMPLOYEE APPRECIATION GIFTS IN THANKS FOR ONGOING SERVICE TO THE RESIDENTS - 2023 CAMPAIGN.
PAYMENT OF EXPENSES FOR FISCALLY SPONSORED RESIDENT LED GROUPS
BOARD APPROVED SUPPORT FOR COMMUNITY PROJECTS TO BENEFIT RESIDENTS.
SCHOLARSHIP TUITION IN SUPPORT OF EMPLOYEES' DEPENDENT CHILDREN AND GRANDCHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judith Francis President | OfficerTrustee | 30 | $0 |
Patricia Bailey Vice President | OfficerTrustee | 10 | $0 |
Gale Taylor Treasurer | OfficerTrustee | 20 | $0 |
Jean Lapeirre Recording Secretary | OfficerTrustee | 4 | $0 |
Marie Haas Corresponding Secretary | Trustee | 2.5 | $0 |
Elsie Denzel Finance Chair | Trustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,340 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $185,570 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $186,910 |
| Total Program Service Revenue | $0 |
| Investment income | $7,020 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,993 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $92,167 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $288,090 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,029 |
| Grants and other assistance to domestic individuals. | $176,409 |
| 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 | $0 |
| 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 | $2,394 |
| Information technology | $495 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,118 |
| Total functional expenses | $237,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,667 |
| Savings and temporary cash investments | $376,148 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $388,815 |
| 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 | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $388,815 |
| 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 | $388,815 |