Lago Vista Womens Club
- Assets
- $260.8k
- Revenue
- $246.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Lago Vista, TX
- Founding
- 05/2005
- Data as of
- 05/2022
- EIN
- 74-2234734
Organization Overview
Lago Vista Womens Club is located in Lago Vista, TX. The organization was established in 2005. According to its NTEE Classification (I50) the organization is classified as: Administration of Justice, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lago Vista Womens Club 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 05/2022, Lago Vista Womens Club generated $246.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $78.7k during the year ending 05/2022. While expenses have increased by 1.3% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE INTEREST OF THE INDIVIDUAL WOMAN BY STIMULATING HER TALENTS, ENLARGING HER RESOURCES, ENHANCING HER SOCIAL ACTIVITIES AND PROVIDING OPPORTUNITY FOR PARTICIPATION IN COMMUNITY PROJECTS. PROVIDE GRANTS AND SCHOLARSHIPS IN THE LOCAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE GRANTS AND SCHOLARSHIPS TO SCHOOLS, STUDENTS AND NONPROFIT ORGANIZATIONS IN THE COMMUNITY. SOME SCHOLARSHIPS BENEFIT ONE STUDENT ONLY AND OTHER GRANTS BENEFIT THE ENTIRE COMMUNITY OF 9,000 PEOPLE.
PROVIDE MONTHLY LUNCHEONS AND ADVERTISE EVENTS FOR MEMBERS AND THE LOCAL COMMUNITY TO PROMOTE INTEREST AND OPPORTUNITIES FOR SOCIAL ACTIVITIES AND PARTICIPATION IN COMMUNITY PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marilyn Hamblin Treasurer 2223 | Officer | 2 | $0 |
Laura Carr VP 2223 | Officer | 1 | $0 |
Brenda Elliot VP 23 | Officer | 1 | $0 |
Kate Webb Secretary 2223 | Officer | 1 | $0 |
Patty Nixa Parliamentarian 23 | Officer | 1 | $0 |
Bonnie Rupprecht Chaplain 23 | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $223,136 |
| Investment income | $675 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $60 |
| 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 | $246,207 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $13,860 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $20,026 |
| 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 | $1,510 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $100 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $921 |
| Office expenses | $669 |
| Information technology | $75 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $78,719 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,011 |
| Savings and temporary cash investments | $125,662 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $82 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11 |
| 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 | $260,766 |
| Accounts payable and accrued expenses | $3 |
| 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 | $3 |
| Net assets without donor restrictions | $135,101 |
| Net assets with donor restrictions | $125,662 |
| 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 | $260,763 |
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