Boone Lake Association
- Assets
- $325.3k
- Revenue
- $112.1k
- Investments
- $0.0
- Employees
- 8
- Location
- Piney Flats, TN
- Founding
- 08/1984
- Data as of
- 12/2021
- EIN
- 58-1574607
Organization Overview
Boone Lake Association is located in Piney Flats, TN. The organization was established in 1984. 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, Boone Lake Association employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boone Lake Association 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 12/2021, Boone Lake Association generated $112.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $102.4k during the year ending 12/2021. While expenses have increased by 9.4% 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
MAINTAIN WATER QUALITY OF BOONE LAKE
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN THE SAFETY, WATER QUALITY, AND CLEANLINESS OF BOONE LAKE LOCATED IN NORTHEAST TENNESSEE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Val Kosmider President | OfficerTrustee | 20 | $0 |
Frank Hahne First Vice President | OfficerTrustee | 20 | $0 |
Ann Larson Secretary | OfficerTrustee | 7 | $0 |
Jim Slaight Treasurer | OfficerTrustee | 5 | $0 |
Gary Parker Board Member | Trustee | 5 | $0 |
Jerry Frank Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $107,074 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $112,074 |
| Total Program Service Revenue | $0 |
| Investment income | $10 |
| 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 | $112,084 |
| 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 | $52,558 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,792 |
| 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 | $2,668 |
| Advertising and promotion | $1,673 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $6,759 |
| Insurance | $4,300 |
| All other expenses | $7,599 |
| Total functional expenses | $102,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $239,395 |
| 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 | $85,932 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $325,327 |
| Accounts payable and accrued expenses | $1,700 |
| 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 | $1,700 |
| Net assets without donor restrictions | $323,627 |
| 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 | $325,327 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Boone Lake Association has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
J S And J R King Foundation Kingsport, TN PURPOSE: UNRESTTRICTED | $1,000 |
J S And J R King Foundation Kingsport, TN PURPOSE: UNRESTTRICTED | $1,000 |
J S And J R King Foundation Kingsport, TN PURPOSE: UNRESTTRICTED | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Trust For Tomorrow Fairfield, NC | $3,019,390 | $8,833,485 |
Lifewater Inc Bentonville, AR | $3,826,625 | $8,037,007 |
James River Association Richmond, VA | $10,495,721 | $10,578,861 |
Restore Americas Estuaries Arlington, VA | $2,538,068 | $5,189,869 |
Wine To Water Boone, NC | $5,319,856 | $5,244,290 |
Cumberland River Compact Inc Nashville, TN | $19,056,025 | $3,153,928 |
The Barn Group Land Trust Inc Brooks, GA | $16,806,852 | $12,541,051 |
Turpentine Creek Foundation Inc Eureka Springs, AR | $4,777,127 | $3,809,928 |
Ozarks Environmental Services Kimberling City, MO | $1,364,072 | $2,517,937 |
Virgina Maritime Association Inc Norfolk, VA | $2,448,779 | $2,548,472 |
Freshwater Land Trust Birmingham, AL | $42,766,765 | $3,412,437 |
Chattahoochee Riverkeeper Inc Atlanta, GA | $5,712,357 | $2,159,639 |