Babcock Lake Estates Inc
- Assets
- $264.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Latham, NY
- Founding
- 08/1979
- Data as of
- 12/2021
- EIN
- 14-1586223
Organization Overview
Babcock Lake Estates Inc is located in Latham, NY. The organization was established in 1979. 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. Babcock Lake Estates Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Babcock Lake Estates Inc generated $70.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $66.6k during the year ending 12/2021. While expenses have increased by 0.9% 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROVIDE A BEACH AND OTHER RECREATIONAL SERVICES FOR MEMBERS. PROTECT THE LAKE AND SURROUNDING AREAS IN ORDER TO MAINTAIN A VIABLE CLEAN LAKE FOR FUTURE GENERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Alund President | 2 | $0 | |
Robert Burke Treasurer | 2 | $0 | |
Charles Still Vice President | 1 | $0 | |
Molly Zinna Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $67,175 |
| Investment income | $78 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $3,131 |
| Other Revenue | $0 |
| Total Revenue | $70,384 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $16,610 |
| Professional fees and other payments to independent contractors | $1,900 |
| Occupancy, rent, utilities, and maintenance | $312 |
| Printing, publications, postage, and shipping | $1,187 |
| Other expenses | $46,571 |
| Total expenses | $66,580 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $86,009 |
| Other assets | $0 |
| Total assets | $263,955 |
| Total liabilities | $1,100 |
| Net assets or fund balances | $262,855 |
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|---|---|---|
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New Economy Coalition Inc Cambridge, MA | $1,630,247 | $2,011,256 |
Alliance To Protect Nantucket Sound Inc Hyannis, MA | $1,586,755 | $1,119,261 |
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Gettysburg Nature Alliance Gettysburg, PA | $1,606,711 | $1,429,638 |