Lake Wildwood Association
- Assets
- $30.1m
- Revenue
- $9.9m
- Investments
- $0.0
- Employees
- 154
- Location
- Penn Valley, CA
- Founding
- 02/2002
- Data as of
- 05/2023
- EIN
- 94-1706164
Organization Overview
Lake Wildwood Association is located in Penn Valley, CA. The organization was established in 2002. 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. As of 05/2023, Lake Wildwood Association employed 154 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Wildwood Association 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 05/2023, Lake Wildwood Association generated $9.9m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $13.0m during the year ending 05/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS A 2,845 LOT CALIFORNIA COMMUNITY ASSOCIATION THAT MAINTAINS, REPAIRS AND REPLACES COMMON AREA PROPERTY AND PROVIDES RECREATIONAL FACILITIES (PRIMARILY A LAKE AND AN 18 HOLE GOLF COURSE) FOR ITS MEMBERS AS WELL AS FOR THE SURROUNDING AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS A 2,845 LOT CALIFORNIA COMMUNITY ASSOCIATION THAT MAINTAINS, REPAIRS AND REPLACES COMMON AREA PROPERTY AND PROVIDES RECREATIONAL FACILITIES (PRIMARILY A LAKE AND AN 18 HOLE GOLF COURSE) FOR ITS MEMBERS AS WELL AS FOR THE SURROUNDING AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Cox General Manager | 50 | $177,047 | |
William Hamilton Director Of Agronomy | 50 | $134,325 | |
Kathy Johnson Director Of Finance | 50 | $131,081 | |
James North Superintendent Public Works | 50 | $96,020 | |
Darrell Trimble Vice President | OfficerTrustee | 3 | $0 |
Don Paulus Director | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jb Bostick Company Paving Contractor | 5/30/23 | $1,096,420 |
Stonegate Protection Security | 5/30/23 | $966,265 |
Clean Lakes Inc Lake Sediment Removal | 5/30/23 | $143,756 |
Telcom Data Telecom Services | 5/30/23 | $105,017 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,844,958 |
| 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 | $5,844,958 |
| Total Program Service Revenue | $4,016,130 |
| Investment income | $38,156 |
| 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 | $9,899,244 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $597,046 |
| Compensation of current officers, directors, key employees. | $327,014 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,223,067 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $84,792 |
| 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 | $1,053,578 |
| Insurance | $1,420,167 |
| All other expenses | $1,975,730 |
| Total functional expenses | $12,987,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,410,026 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $384,920 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $96,605 |
| Prepaid expenses and deferred charges | $211,999 |
| Net Land, buildings, and equipment | $16,019,499 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $30,123,049 |
| Accounts payable and accrued expenses | $666,928 |
| Grants payable | $0 |
| Deferred revenue | $5,481,051 |
| 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 | $7,494,081 |
| Total liabilities | $13,642,060 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $16,480,989 |
| Total liabilities and net assets/fund balances | $30,123,049 |