Lake Gaston Association Inc
- Assets
- $79.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Henrico, NC
- Founding
- 04/1997
- Data as of
- 12/2022
- EIN
- 58-2259105
Organization Overview
Lake Gaston Association Inc is located in Henrico, NC. The organization was established in 1997. According to its NTEE Classification (C03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Gaston Association Inc 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, Lake Gaston Association Inc generated $38.9k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $45.6k during the year ending 12/2022. 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
AQUATIC WEED CONTROL AND OTHER ENVIRONMENTAL MANAGEMENTAS WELL AS BOATING SAFETY. OUR MEMBERSHIP OF 2254 ISUNIFIED TO HAVE GREATER INFLUENCE WITH STATE AND LOCAL OFFICIALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beverly Summerfield Executive Director | 25 | $14,360 | |
Moira Underwood Exec Director | 10 | $6,250 | |
Shannon Mcallister Director | 1 | $0 | |
Lew Stringer Director | 2 | $0 | |
Carol Warfel Director | 2 | $0 | |
John Cataldo Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $60 |
| Total Program Service Revenue | $0 |
| Membership dues | $38,812 |
| Investment income | $22 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $38,894 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $20,610 |
| Professional fees and other payments to independent contractors | $550 |
| Occupancy, rent, utilities, and maintenance | $2,300 |
| Printing, publications, postage, and shipping | $5,631 |
| Other expenses | $16,508 |
| Total expenses | $45,599 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $79,408 |
| Other assets | $0 |
| Total assets | $79,572 |
| Total liabilities | $20,283 |
| Net assets or fund balances | $59,289 |
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