Lake Mcqueeney Property Owners Association Inc
- Assets
- $469.8k
- Revenue
- $72.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Mcqueeney, TX
- Founding
- 12/1996
- Data as of
- 07/2021
- EIN
- 74-2121275
Organization Overview
Lake Mcqueeney Property Owners Association Inc is located in Mcqueeney, TX. The organization was established in 1996. According to its NTEE Classification (C01) the organization is classified as: Alliances & Advocacy, 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 Mcqueeney Property Owners Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 07/2021, Lake Mcqueeney Property Owners Association Inc generated $72.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $164.8k during the year ending 07/2021. While expenses have increased by 16.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
PRESERVATION OF LAKE MCQUEENEY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVATION TASK FORCE - CREATION OF A PRESERVATION TASK FORCE TO WORK TOWARD FINDING A SOLUTION FOR THE REPAIR OR REPLACEMENT OF THE LAKE MCQUEENEY DAM, AND ENSURING EFFICIENT & RELIABLE OPERATON AND MAINTENANCE OVER THE LONG TERM. RESPONSIBILITY ALSO INCLUDES IMPLEMENTATION OF A WATER DISTRICT AND TO UNDERTAKE LEGAL ACTION TO STOP DRAINING OF THE LAKES.
SAFETY - MAINTAINED SAFETY BUOYS ON THE LAKE. REMOVED DEBRIS, TREES AND STUMPS THAT WERE HAZARDOUS TO THE LAKE WATERWAYS, DUE TO FLOODING. CONTRACTED BIOLOGISTS TO CHECK FOR WATER QUALITY AND INVASIVE PLANTS ON A QUARTERLY BASIS, AND EDUCATE BOARD MEMBERS TO IDENTIFY INVASIVE SPECIES.
INFORMATION - PRODUCED AND DISTRIBUTED FLOOD INFORMATION TO ALL WATERFRONT PROPERTY OWNERS. PROVIDED AND MAINTAINED A WEBSITE WITH LINGS, EMAIL NOTICES AND INFORMATION, AND COMMUNICATION THROUGH FACEBOOK. DISTRIBUTED TO MEMBERS METAL PLAQUES TO DISPLAY ON THEIR WATER FRONTS/BOAT DOCKS. ATTENDED MEETINGS IN AUSTIN REGARDING WATER FLOWS AND WATER QUALITY ISSUES THAT BENEFITED BOTH THE PUBLIC AND MEMBERS THAT USE LAKE MCQUEENEY. WORKED EXTENSIVELY WITH GUADALUPE BLANCO RIVER AUTHORITY ON THE SCOPE OF DAM REPAIR, OPTIONS, AND REPAIR STATUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Weldon Dietze President | Trustee | 10 | $0 |
Matt Hannon Vice President | Trustee | 5 | $0 |
Larry Schwab Secretary | Trustee | 5 | $0 |
Kendra Wray Treasurer | Trustee | 5 | $0 |
Peter Badger Director | Trustee | 1 | $0 |
Larry Mcdaniel Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,241 |
| Investment income | $1,931 |
| 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 | $72,172 |
| Statement of Expenses | |
|---|---|
| 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 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 | $49,824 |
| Fees for services: Accounting | $3,735 |
| Fees for services: Lobbying | $8,333 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $79,144 |
| Advertising and promotion | $9,040 |
| Office expenses | $2,873 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $1,575 |
| All other expenses | $0 |
| Total functional expenses | $164,795 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $469,755 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $469,755 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $469,755 |