Sherwood Lake Association is located in Baton Rouge, LA. The organization was established in 2001. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sherwood Lake 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 12/2023, Sherwood Lake Association generated $164.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $159.9k during the year ending 12/2023. While expenses have increased by 1.6% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
RECREATION, SPORTS, LEISURE, ATHLETICS COMMON AREAS OF SUBDIVISION MAINTAINED AND MOWED. A CLUBHOUSE AND POOL ARE AVAILABLE. A SECURITY PATROL IS PRESENT. COVENANTS ARE ENFORCED TO PRESERVE SUBDIVISION APPEARANCE (313 FAMILIES)
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Pacas President | 10 | $0 | |
Don Frattini Vice President | 10 | $0 | |
Jennifer St Cyr Secretary | 10 | $0 | |
Shannon Long Treasurer | 10 | $0 | |
Ray Smith Director | 10 | $0 | |
Samantha Montoya Director | 10 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $162,064 |
| Investment income | $648 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $2,063 |
| Total Revenue | $164,775 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $81,120 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $53,040 |
| Occupancy, rent, utilities, and maintenance | $5,078 |
| Printing, publications, postage, and shipping | $2,995 |
| Other expenses | $17,713 |
| Total expenses | $159,946 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $49,442 |
| Other assets | $0 |
| Total assets | $81,459 |
| Total liabilities | $13,881 |
| Net assets or fund balances | $67,578 |