Lime Lake Cottage Owners Assoc Inc
- Assets
- $131.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Machias, NY
- Founding
- 02/2011
- Data as of
- 08/2022
- EIN
- 80-0683293
Organization Overview
Lime Lake Cottage Owners Assoc Inc is located in Machias, NY. The organization was established in 2011. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lime Lake Cottage Owners Assoc Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 08/2022, Lime Lake Cottage Owners Assoc Inc generated $73.8k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $52.4k during the year ending 08/2022. While expenses have increased by 5.6% per year over the past 3 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
REPAIRS & MAINTENANCE, AND COMMUNICATION FOR THE LIME LAKE AREA, INCL. NEWSLETTERS, WEED CONTROL, MEMORIAL MAINTENANCE AND MOWING,WHICH BENEFIT ALL MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roy Sheppard Jr President | 3 | $0 | |
Stephanie Schreck Vice-President | 3 | $0 | |
Ken O'brien Treasurer | 3 | $0 | |
Dawn Kless Secretary | 3 | $0 | |
Frank Bork Director | 3 | $0 | |
Joe Miller Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,500 |
| Total Program Service Revenue | $0 |
| Membership dues | $44,040 |
| Investment income | $34 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $22,658 |
| Other Revenue | $5,537 |
| Total Revenue | $73,769 |
| 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 | $120 |
| Occupancy, rent, utilities, and maintenance | $26,876 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $25,451 |
| Total expenses | $52,447 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $95,822 |
| Other assets | $0 |
| Total assets | $131,948 |
| Total liabilities | $0 |
| Net assets or fund balances | $131,948 |
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