Sherwood Lake Association
- Assets
- $118.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Baton Rouge, LA
- Founding
- 12/2001
- Data as of
- 12/2022
- EIN
- 58-1674007
Organization Overview
Sherwood Lake Association is located in Baton Rouge, LA. The organization was established in 2001. 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. Sherwood Lake Association 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 12/2022, Sherwood Lake Association generated $150.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $147.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
RECREATION, SPORTS, LEISURE, ATHLETICS COMMON AREAS OF SUBDIVISION MAINTAINED AND MOWED. A CLUBHOUSE AND POOL ARE AVAILABLE. A SECURITY PATROL IS PRESENT. COVENANTS ARE ENFORCED TO PRESERVE SUBDIVISION APPEARANCE (313 FAMILIES)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Pacas President | 10 | $0 | |
Don Frattini Vice President | 10 | $0 | |
Jennifer St Cyr Secretary | 10 | $0 | |
Lanelle Johnson Director | 10 | $0 | |
Shannon Long Treasurer | 10 | $0 | |
Samantha Montoya Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $148,695 |
| Investment income | $647 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,476 |
| Total Revenue | $150,818 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $76,059 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $48,339 |
| Occupancy, rent, utilities, and maintenance | $4,777 |
| Printing, publications, postage, and shipping | $2,249 |
| Other expenses | $15,911 |
| Total expenses | $147,335 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $118,457 |
| Other assets | $0 |
| Total assets | $118,457 |
| Total liabilities | $55,708 |
| Net assets or fund balances | $62,749 |
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