Lake Rabun Association Inc
- Assets
- $299.2k
- Revenue
- $188.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Lakemont, GA
- Founding
- 01/2002
- Data as of
- 12/2023
- 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 12/2023, Lake Rabun Association Inc generated $188.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $205.9k 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
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, THROUGH ITS FUNDRAISING ACTIVITIES, SUPPORTS THE LAKE RABUN FUND MAINTAINED BY THE NORTH GEORGIA COMMUNITY FOUNDATION, A 501(C)(3) ORGANIZATION. IN 2023, THE FUND AWARDED FIFTEEN 4-YEAR SCHOLARSHIPS ($3,500 PER YEAR) FOR RABUN COUNTY STUDENTS ATTENDING ACCREDITED HIGHER LEARNING INSTITUTIONS, FOUR TECHNICAL SCHOOL SCHOLARSHIPS ($1,000 PER YEAR), AND TWO GRADUATE SCHOOL SCHOLARSHIPS ($5,000 NONRECURRING GRANTS). DURING 2023, THE LAKE RABUN FUND SUPPORTED A TOTAL OF 64 STUDENTS ACTIVELY SHARING $199,770 IN ANNUAL SCHOLARSHIP FUNDING. IN ADDITION, THE LAKE RABUN FUND DONATED $100,660 TO OVER 40 CHARITABLE ORGANIZATIONS OPERATING IN THE RABUN COUNTY COMMUNITY DURING 2023.
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 EDUCATIONAL PROGRAMS.
CONSERVATION AND PRESERVATION: THE ORGANIZATION'S LAKE CLEAN UP DAYS, LAKE AND BOATER SAFETY TRAINING, 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. THE ORGANIZATION, BASED UPON A STUDY REGARDING THE PHYSICAL AND ENVIRONMENTAL IMPACT OF WAKE ACTIVITY ON LAKE RABUN WHICH WAS FUNDED BY THE ORGANIZATION PLUS NEW STATE LEGISLATION WHICH BECAME EFFECTIVE IN SUMMER OF 2023, INCREASED ITS EDUCATIONAL EFFORTS DURING THE YEAR TO MAXIMIZE WATER SAFETY FOR ALL RESIDENTS AND VISITORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victoria Anderson Trustee | Trustee | 1 | $0 |
Alex Clay Trustee | Trustee | 1 | $0 |
Jeff Cohen Trustee | Trustee | 1 | $0 |
Neal Creech Trustee | Trustee | 1 | $0 |
Keith Davidson Trustee | Trustee | 1 | $0 |
Marchie Hepner Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $123,500 |
| Fundraising events | $16,000 |
| 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 | $139,500 |
| Total Program Service Revenue | $36,273 |
| Investment income | $1,320 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,328 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,718 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $188,139 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $31,515 |
| 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 | $16,346 |
| Travel | $39 |
| 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 | $1,690 |
| All other expenses | $61,845 |
| Total functional expenses | $205,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,592 |
| Savings and temporary cash investments | $225,809 |
| 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 | $61,259 |
| 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 | $10,500 |
| Total assets | $299,160 |
| 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 | $6,363 |
| Total liabilities | $6,363 |
| 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 | $292,797 |
| Total liabilities and net assets/fund balances | $299,160 |
Grants Awarded
Over the last fiscal year, Lake Rabun Association Inc has awarded $70,945 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NORTH GEORGIA COMMUNITY FOUNDATION INC 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 |