Lakeway Civic Corporation
- Assets
- $298.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Lakeway, TX
- Founding
- 02/1968
- Data as of
- 12/2021
- EIN
- 74-6084723
Organization Overview
Lakeway Civic Corporation is located in Lakeway, TX. The organization was established in 1968. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakeway Civic Corporation 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 12/2021, Lakeway Civic Corporation generated $35.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.3%) each year. All expenses for the organization totaled $68.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROJECTS THAT IMPROVE THE COMMUNITY AT LARGE, BEAUTIFICATION ENHANCEMENTS, PARKS, RECREATIONAL IMPROVEMENTS, AND OTHER CIVIC PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sue Knolle President | 3 | $0 | |
Todd Buikema Vice President | 3 | $0 | |
Carol Gardner Secretary | 2 | $0 | |
Jim Nelson Treasurer | 6 | $0 | |
Don Rude Trustee | 1 | $0 | |
Rick Zehrer Ex-Officio | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,500 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $11,695 |
| Gain or Loss | $2,063 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $35,258 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $11,884 |
| Professional fees and other payments to independent contractors | $5,276 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $18,424 |
| Total expenses | $68,115 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $298,394 |
| Other assets | $0 |
| Total assets | $298,409 |
| Total liabilities | $0 |
| Net assets or fund balances | $298,409 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lakewest Revitalization Foundation Inc Dallas, TX | $0 | $14,279 |
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Economic Opportunity Agency Of Washington County Inc Springdale, AR | $5,019,111 | $7,887,315 |
World Technical Services Inc San Antonio, TX | $2,009,761 | $7,407,418 |
Delta Community Action Association Inc Tallulah, LA | $2,682,123 | $8,135,037 |
Cinco Ranch Residential Association Dallas, TX | $13,739,829 | $9,730,745 |
Fifth Ward Community Redevelopment Houston, TX | $11,525,956 | $8,246,995 |
Ozark Opportunities Inc Harrison, AR | $2,913,630 | $6,819,793 |
Southwest Oklahoma Community Action Group Inc Altus, OK | $4,395,408 | $6,280,585 |
Texas Appleseed Austin, TX | $7,949,482 | $7,859,791 |