Woodland Lake Improvement Association Inc
- Assets
- $122.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hernando, MS
- Founding
- 04/1965
- Data as of
- 04/2024
- EIN
- 64-0410696
Organization Overview
Woodland Lake Improvement Association Inc is located in Hernando, MS. The organization was established in 1965. 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. Woodland Lake Improvement Association Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 04/2024, Woodland Lake Improvement Association Inc generated $47.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (12.1%) each year. All expenses for the organization totaled $83.2k during the year ending 04/2024. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roland M Harris President/di | 10 | $0 | |
Lance Martin VP & Dir | 5 | $0 | |
Terry Major Treasurer/se | 15 | $0 | |
Kevin Parsons Director | 5 | $0 | |
Scott Blake Director | 5 | $0 | |
Mark Kelley Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,455 |
| Total Program Service Revenue | $0 |
| Membership dues | $43,293 |
| Investment income | $1,099 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $47,847 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $8,286 |
| Occupancy, rent, utilities, and maintenance | $16,229 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $58,685 |
| Total expenses | $83,200 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $78,455 |
| Other assets | $0 |
| Total assets | $122,033 |
| Total liabilities | $0 |
| Net assets or fund balances | $122,033 |