Lake Rabun Association Inc
- Assets
- $312.0k
- Revenue
- $216.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Lakemont, GA
- Founding
- 01/2002
- Data as of
- 12/2021
- EIN
- 58-2652686
Organization Overview
Lake Rabun Association Inc is located in Lakemont, GA. The organization was established in 2002. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Rabun 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 12/2021, Lake Rabun Association Inc generated $216.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $213.2k during the year ending 12/2021. 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
THE ASSOCIATION IS DEDICATED TO NURTURING THE BEAUTY, SERENITY & QUALITY OF LIFE AROUND LAKE RABUN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY SPONSORSHIP: THE ORGANIZATION SUPPORTS THE LAKE RABUN FUND MAINTAINED BY THE NORTH GEORGIA COMMUNITY FOUNDATION, A 501(C)(3) ORGANIZATION WHICH, IN 2021 AWARDED FIFTEEN 4-YEAR SCHOLARSHIPS ($3,000 PER YEAR) FOR RABUN COUNTY STUDENTS ATTENDING ACCREDITED HIGHER LEARNING INSTITUTIONS. DURING 2021, THE LAKE RABUN FUND SUPPORTED 43 STUDENTS ACTIVELY SHARING $110,754 IN ANNUAL SCHOLARSHIP FUNDING. IN ADDITION, THE LAKE RABUN FUND DONATED $101,740 TO 38 CHARITABLE ORGANIZATIONS OPERATING IN THE RABUN COUNTY COMMUNITY DURING 2021.
SOCIAL WELFARE: THE ORGANIZATION PROMOTES SOCIAL WELFARE AND QUALITY OF LIFE FOR LAKE RESIDENTS AND VISITORS THROUGH A VARIETY OF EVENTS, INCLUDING MEMORIAL DAY, FOURTH OF JULY, LABOR DAY, AND THANKSGIVING ACTIVITIES. THE ORGANIZATION ALSO SPONSORS OTHER COMMUNITY BASED PROGRAMS SUCH AS LAKE CLEAN UP DAYS, LAKE AND BOATER SAFETY TRAINING AND PATROL, AND EDUCATIONAL PROGRAMS. ONGOING COVID-19 PANDEMIC ISSUES RESULTED IN CANCELLATION OF SOME OF THESE PROGRAMS IN 2021. THE ORGANIZATION'S EXECUTIVE COMMITTEE AND ITS BOARD OF TRUSTEES REMAINED ACTIVE THROUGH VIRTUAL AND IN-PERSON MEETINGS TO DESIGN AND IMPLEMENT ALTERNATIVE SAFETY PROTOCOLS AND TO COMMUNICATE FREQUENTLY WITH MEMBERS THROUGHOUT THE YEAR.
CONSERVATION AND PRESERVATION: THE ORGANIZATION'S LAKE CLEAN UP DAYS, LAKE AND BOATER SAFETY TRAINING AND PATROL, AND EDUCATIONAL PROGRAMS, AS WELL AS THE CONTRIBUTIONS OF ORGANIZATION VOLUNTEERS INVOLVED IN HEMLOCK TREATMENT AND ADOPT A TRAIL PROGRAMS, CONTRIBUTE SIGNIFICANTLY TO PRESERVATION OF THE LAKE AND SURROUNDING COMMUNITY FOR PUBLIC ENJOYMENT. DURING 2021, THESE ACTIVITIES WERE ONLY MINIMALLY IMPACTED BY COVID-19 RELATED GOVERNMENTAL AND SAFETY RESTRICTIONS. THE ORGANIZATION COMPLETED A STUDY OF THE PHYSICAL AND ENVIRONMENTAL IMPACT OF SIGNIFICANT INCREASES IN WAKE AND WAVE ACTIVITY ON LAKE RABUN AS WELL AS IMPLEMENTING EDUCATIONAL EFFORTS TO MAXIMIZE WATER SAFETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruddy Deas Chair, Trustee | Officer | 2 | $0 |
Richard Simms President | Officer | 2 | $0 |
Connie Thompson Secretary | Officer | 1 | $0 |
Richard Newkirk Vice President | Officer | 1 | $0 |
Judy Cathey Secretary | Officer | 1 | $0 |
Anita Pittman CFO | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $157,050 |
| Fundraising events | $7,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $164,050 |
| Total Program Service Revenue | $35,250 |
| Investment income | $201 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,851 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $8,936 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $216,288 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $71,945 |
| 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 | $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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,308 |
| 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 | $7,063 |
| All other expenses | $49,793 |
| Total functional expenses | $213,208 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,139 |
| Savings and temporary cash investments | $232,623 |
| 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 | $65,813 |
| 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 | $9,413 |
| Total assets | $311,988 |
| 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 | $4,040 |
| Total liabilities | $4,040 |
| Net assets without donor restrictions | $0 |
| 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 | $307,948 |
| Total liabilities and net assets/fund balances | $311,988 |
Grants Awarded
Over the last fiscal year, Lake Rabun Association Inc has awarded $70,945 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Gainesville, GA PURPOSE: COLLEGE SCHOLARSHIPS FOR GRADUATES OF RABUN COUNTY HIGH SCHOOLS AND COMMUNITY OUTREACH PROGRAMS. | $64,945 |
GEORGIA DEPARTMENT OF NATURAL RESOURCES PURPOSE: SUPPORT OF DEPARTMENT OF NATUAL RESOURCES PATROL AND SERVICE TO PROMOTE AND MAINTAIN SAFETY FOR USERS OF LAKE RABUN NATURAL RESOURCES. | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Trust For Tomorrow Fairfield, NC | $3,019,390 | $8,833,485 |
South Carolina Coastal Conservation League Inc Charleston, SC | $21,181,148 | $6,299,915 |
Wine To Water Boone, NC | $5,319,856 | $5,244,290 |
Cumberland River Compact Inc Nashville, TN | $19,056,025 | $3,153,928 |
South Carolina Waterfowl Association Pinewood, SC | $14,916,355 | $3,978,394 |
The Barn Group Land Trust Inc Brooks, GA | $16,806,852 | $12,541,051 |
Freshwater Land Trust Birmingham, AL | $42,766,765 | $3,412,437 |
Chattahoochee Riverkeeper Inc Atlanta, GA | $5,712,357 | $2,159,639 |
South Carolina Rural Water Association Columbia, SC | $1,337,809 | $1,997,665 |
American Whitewater Sylva, NC | $2,189,173 | $2,094,145 |
North Carolina Wildlife Federation Raleigh, NC | $7,172,594 | $2,178,211 |
Ocean Research & Conservation Association Inc Vero Beach, FL | $1,520,786 | $2,174,367 |