Lake Waramaug Task Force Inc
- Assets
- $1.3m
- Revenue
- $447.5k
- Investments
- $834.7k
- Employees
- 6
- Location
- Warren, CT
- Founding
- 07/1982
- Data as of
- 12/2022
- EIN
- 06-1063687
Organization Overview
Lake Waramaug Task Force Inc is located in Warren, CT. The organization was established in 1982. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, under the broad grouping of Environment and related organizations. As of 12/2022, Lake Waramaug Task Force Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Waramaug Task Force Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Lake Waramaug Task Force Inc generated $447.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $337.0k during the year ending 12/2022. While expenses have increased by 3.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RESTORE AND MAINTAIN THE WATER QUALITY AND CLARITY OF LAKE WARAMAUG
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCIENTIFIC STUDY OF LAKE, AND ACTUAL TREATMENT AND MANAGEMENT TO AVOID HARMFUL GROWTHS AND POLLUTION AS WELL AS RESEARCH AND MONITORING TO PROTECT THE LAKE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Molly Hart Director | Trustee | 1 | $0 |
Jamie Better Director | Trustee | 1 | $0 |
Kirby Mullen Secretary | OfficerTrustee | 2 | $0 |
Chris Adams Director | Trustee | 1 | $0 |
Michael Guadagno Chairman | OfficerTrustee | 10 | $0 |
Hilary H Criollo Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $415,821 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $421,821 |
| Total Program Service Revenue | $0 |
| Investment income | $20,999 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,705 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $447,525 |
| 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. | $97,475 |
| Compensation of current officers, directors, key employees. | $12,672 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $43,502 |
| Pension plan accruals and contributions | $6,028 |
| Other employee benefits | $12,707 |
| Payroll taxes | $10,887 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,739 |
| Fees for services: Accounting | $2,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,164 |
| Fees for services: Other | $31,796 |
| Advertising and promotion | $0 |
| Office expenses | $14,588 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,200 |
| 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 | $14,800 |
| Insurance | $6,814 |
| All other expenses | $0 |
| Total functional expenses | $336,973 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $266,606 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $161,175 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $834,728 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,262,509 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $310 |
| Total liabilities | $310 |
| Net assets without donor restrictions | $1,144,072 |
| Net assets with donor restrictions | $118,127 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,262,509 |