Lake Lydia Inc

Organization Overview

Lake Lydia Inc is located in Quitman, TX. The organization was established in 1950. According to its NTEE Classification (C99) the organization is classified as: Environment N.E.C., 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 Lydia Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.

For the year ending 03/2024, Lake Lydia Inc generated $131.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $121.3k during the year ending 03/2024. While expenses have increased by 5.6% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2024

Describe the Organization's Mission:

Part 3 - Line 1

MANAGE PRIVATE LAKE FOR ALL MEMBERS. MAINTAIN AND SERVE TO THE BENEFIT OF ALL ORGANIZATION MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

N/A


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Board, Officers & Key Employees

Name (title)Compensation
Larry Williams
President
$0
Vicki Fagg
Vice President
$0
Andy Burnett
Director - Finance
$0
Tony Mook
Director - House & Grounds
$0
Vic Savalli
Director - Lake
$0
Linda Williams
Director - Legal
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$98,251
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$29,804
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$128,055
Total Program Service Revenue$0
Investment income $3,202
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 $131,377

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