Lake Forest Water Co

Organization Overview

Lake Forest Water Co is located in Grand Lake, CO. The organization was established in 1962. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Forest Water Co is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.

For the year ending 12/2021, Lake Forest Water Co generated $200.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $223.0k during the year ending 12/2021. While expenses have increased by 14.6% per year over the past 7 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE CLEAN DRINKING WATER TO RESIDENTS OF LAKE FOREST SUBDIVISION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE CLEAN DRINKING WATER TO RESIDENTS OF LAKE FOREST SUBDIVISION.


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Board, Officers & Key Employees

Name (title)Compensation
Larry Clark
Board Member
$0
Teri Creach
Treasurer
$0
Mark Donnelly
Board Member
$0
Addam Middlebrook
Board Member
$0
Teresa Zerr
President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$182,700
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$182,700
Total Program Service Revenue$0
Investment income $824
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 $200,024

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