Lake Reality
- Assets
- $225.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fairfield, NJ
- Founding
- 10/1983
- Data as of
- 12/2022
- EIN
- 22-2020616
Organization Overview
Lake Reality is located in Fairfield, NJ. The organization was established in 1983. 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. Lake Reality is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Lake Reality generated $86.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $93.7k during the year ending 12/2022. While expenses have increased by 4.4% 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
2022
Describe the Organization's Program Activity:
Part 3
COLLECT MEMBER DUES,PAY CLUBS EXPENSES, MAINTAIN LAKE & BEACH, ORGANIZE ACTIVITES AND EVENTS FOR THE BENEFIT OF ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Supinski President | 3 | $0 | |
Richard Nick Vice President | 2 | $0 | |
Robert T Phillips Treasurer | 3 | $0 | |
Monica Trinidad Secretary | 1 | $0 | |
Karen Hoffman Trustee | 1 | $0 | |
Aaron Weber Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $82,470 |
| Investment income | $1,322 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $2,627 |
| Other Revenue | $0 |
| Total Revenue | $86,419 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $15,264 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $12,154 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $66,306 |
| Total expenses | $93,724 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $223,510 |
| Other assets | $0 |
| Total assets | $225,876 |
| Total liabilities | $84 |
| Net assets or fund balances | $225,792 |