Lake Owen Association Inc
- Assets
- $760.1k
- Revenue
- $216.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Cable, WI
- Founding
- 05/2003
- Data as of
- 12/2022
- EIN
- 46-0475814
Organization Overview
Lake Owen Association Inc is located in Cable, WI. The organization was established in 2003. 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 Owen Association Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Owen Association 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 Owen Association Inc generated $216.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.2% each year . All expenses for the organization totaled $86.1k during the year ending 12/2022. While expenses have increased by 12.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVING, PROTECTING, AND ENHANCING LAKE OWEN, BAYFIELD COUNTY, WISCONSIN, FBO MEMBERS OF THE LAKE OWEN ASSOCIATION AND THE GENERAL PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUED TO GUARD AGAINST THE THREAT OF AQUATIC INVASIVE SPECIES AND TO ENHANCE THE WATER QUALITY OF THE LAKE BY (1) CONTRACTING WITH PROFESSIONAL SERVICE PROVIDERS TO MANAGE THE CONDUCT OF IN-DEPTH STUDIES OF THE LAKE AND ITS WATERSHED; (2) HIRING PAID STAFF TO MONITOR BOAT LANDINGS; AND (3) POWER WASHING BOATS SUSPECTED OF CARRYING INVASIVE SPECIES TO PREVENT INTRODUCTION OF SUCH INVASIVES INTO THE LAKE. BENEFITS THE GENERAL PUBLIC, ALL DUES-PAYING MEMBERS OF THE ASSOCIATION, AND ALL NON-DUES PAYING RESIDENTS OF THE LAKE.
PERFORMED REGULAR COMMUNICATIONS WITH MEMBERS REGARDING IMPORTANT LAKE ISSUES VIA ANNUAL MEETINGS, WEBSITE POSTINGS, EMAILS, AND POSTAL MAIL. BENEFITS ALL DUES-PAYING MEMBERS OF THE ASSOCIATION.
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy S Louis President | OfficerTrustee | 2 | $0 |
Thomas Johnson Vice President | OfficerTrustee | 5 | $0 |
William Hannaford Treasurer | OfficerTrustee | 10 | $0 |
David Berg Board Member | Trustee | 0.2 | $0 |
Jon Nymo Board Member | Trustee | 0.3 | $0 |
Mike Yankee Board Member | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,200 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $36,178 |
| All other contributions, gifts, grants, and similar amounts not included above | $159,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $207,378 |
| Total Program Service Revenue | $0 |
| Investment income | $9,041 |
| 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 | $216,419 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,882 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,744 |
| Fees for services: Management | $46,519 |
| Fees for services: Legal | $490 |
| Fees for services: Accounting | $7,534 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,619 |
| Fees for services: Other | $1,883 |
| Advertising and promotion | $360 |
| Office expenses | $4,317 |
| Information technology | $1,060 |
| 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 | $0 |
| Insurance | $2,000 |
| All other expenses | -$301 |
| Total functional expenses | $86,107 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,932 |
| Savings and temporary cash investments | $164,665 |
| 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 | $0 |
| Investments—publicly traded securities | $482,535 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $760,132 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $760,132 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $760,132 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Lake Owen Association Inc has recieved totaling $129,500.
| Awarding Organization | Amount |
|---|---|
Amy & Steve Louis Foundation Burr Ridge, IL PURPOSE: CHARITABLE | $100,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ENVIRONMENTAL AND ANIMALS | $17,500 |
Louis Foundation Inc Paradise Valley, AZ PURPOSE: SOCIAL WELFARE | $10,000 |
Josephine P And John J Louis Foundation Lake Geneva, WI PURPOSE: CHARITABLE | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of The Detroit River Taylor, MI | $2,929,234 | $4,961,842 |
Superior Watershed Partnership Marquette, MI | $4,349,166 | $4,309,607 |
Association Of Illinois Soil & Water Conservation Districts Springfield, IL | $387,461 | $3,234,520 |
Bond Madison Water Company Pocahontas, IL | $13,786,763 | $2,866,600 |
Trout Unlimited Chanhassen, MN | $885,128 | $2,532,595 |
Living Lands & Waters East Moline, IL | $3,683,421 | $2,325,294 |
Huron River Watershed Council Ann Arbor, MI | $2,844,349 | $2,464,693 |
Grand Traverse Bay Watershed Initiative Inc Traverse City, MI | $737,164 | $2,236,720 |
The Wetlands Initiative Chicago, IL | $10,049,194 | $2,434,760 |
Tip Of The Mitt Watershed Council Petoskey, MI | $4,852,617 | $1,698,728 |
Lakeshore Farm Management Coop Valders, WI | $1,770,762 | $1,460,336 |
Alliance For Water Efficiency Nfp Chicago, IL | $510,612 | $1,181,528 |