Lake Lanier Association Inc
- Assets
- $456.3k
- Revenue
- $346.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Gainesville, GA
- Founding
- 05/1997
- Data as of
- 12/2023
- EIN
- 58-1264797
Organization Overview
Lake Lanier Association Inc is located in Gainesville, GA. The organization was established in 1997. 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 12/2023, Lake Lanier Association Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Lanier Association Inc 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 12/2023, Lake Lanier Association Inc generated $346.7k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $481.2k during the year ending 12/2023. 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
SIGNIFICANT ACTIVITIES INCLUDE SHORELINE PROTECTION, SOLAR LIGHT PROGRAM, ANNUAL SHORELINE CLEANUP, LAKE WATER MONITORING, ABANDONED VESSEL/DOCK REMOVAL AND FULL LAKE ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EXPENSES COMPRISE SEVERAL CLEAN LAKE INITIATIVES AND OUTREACH PROGRAMS, INCLUDING SHORE SWEEP PROGRAM AND MEMBERSHIP ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Bailey Treasurer | OfficerTrustee | 2 | $0 |
Todd Baxter President | OfficerTrustee | 2 | $0 |
Tom Child Director | Trustee | 2 | $0 |
Kelly Marlowe Director | Trustee | 2 | $0 |
Clyde Morris Secretary | OfficerTrustee | 2 | $0 |
Terry Morrisey Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $171,363 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $98,092 |
| Noncash contributions included in lines 1a–1f | $11,289 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $269,455 |
| Total Program Service Revenue | $74,715 |
| Investment income | $2,508 |
| 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 | $346,678 |
| 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 | $184,444 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,442 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,545 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60 |
| Advertising and promotion | $23,595 |
| Office expenses | $5,923 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,777 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,317 |
| Interest | $68 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,555 |
| Insurance | $6,879 |
| All other expenses | $28,647 |
| Total functional expenses | $481,151 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,944 |
| Savings and temporary cash investments | $0 |
| 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 | $220,893 |
| Investments—publicly traded securities | $8,213 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $90,223 |
| Total assets | $456,273 |
| Accounts payable and accrued expenses | $18,062 |
| 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 | $88,890 |
| Total liabilities | $106,952 |
| Net assets without donor restrictions | $349,321 |
| 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 | $456,273 |