Owl Creek Community Association Inc
- Assets
- $2.5m
- Revenue
- $840.3k
- Investments
- $0.0
- Employees
- 30
- Location
- Louisville, KY
- Founding
- 11/1994
- Data as of
- 03/2022
- EIN
- 61-1121349
Organization Overview
Owl Creek Community Association Inc is located in Louisville, KY. The organization was established in 1994. According to its NTEE Classification (S22) the organization is classified as: Neighborhood & Block Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 03/2022, Owl Creek Community Association Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Owl Creek Community Association Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 03/2022, Owl Creek Community Association Inc generated $840.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $886.2k during the year ending 03/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO MANAGE THE HOMEOWNER ASSOCIATION'S BUILDINGS, EQUIPMENT, COMMON GROUNDS, AND AMENITIES; ORGANIZE AND PROVIDE SOCIAL ACTIVITIES FOR THE HOMEOWNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION AND MANAGEMENT OF SPORT CENTER FOR RESIDENTS, SWIM TEAM ACITVITY, PRIVATE PARTIES, SPORT CENTER RENTAL, AND SOCIAL ACTIVITIES FOR RESIDENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josh Richardson President | OfficerTrustee | 4 | $0 |
Brian Gahwyler Vice President | OfficerTrustee | 4 | $0 |
Patricia Cermack Treasurer | OfficerTrustee | 4 | $0 |
David Hasselwander Secretary | OfficerTrustee | 4 | $0 |
Chris Rittmuller Architectural Chair | Trustee | 4 | $0 |
Meredith Cull Communications Chair | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| 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 | $0 |
| Total Program Service Revenue | $824,263 |
| Investment income | $1,042 |
| 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 | $840,293 |
| 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 | $133,973 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,990 |
| Payroll taxes | $12,356 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $495 |
| Fees for services: Accounting | $9,594 |
| 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 | $7,321 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $196,091 |
| 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 | $148,099 |
| Insurance | $17,891 |
| All other expenses | $88,530 |
| Total functional expenses | $886,248 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,282 |
| Savings and temporary cash investments | $1,329,604 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,997 |
| 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 | $14,231 |
| Net Land, buildings, and equipment | $1,113,929 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,501,043 |
| Accounts payable and accrued expenses | $11,851 |
| Grants payable | $0 |
| Deferred revenue | $571,894 |
| 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 | $548,416 |
| Total liabilities | $1,132,161 |
| Net assets without donor restrictions | $1,368,882 |
| 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 | $2,501,043 |
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