Loma Serena Improvement Association
- Assets
- $71.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Los Gatos, CA
- Founding
- 01/1973
- Data as of
- 06/2024
- EIN
- 94-2169645
Organization Overview
Loma Serena Improvement Association is located in Los Gatos, CA. The organization was established in 1973. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loma Serena Improvement Association is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2024, Loma Serena Improvement Association generated $146.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $144.8k during the year ending 06/2024. While expenses have increased by 4.3% per year over the past 9 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
2024
Describe the Organization's Program Activity:
Part 3
COLLECTED MEMBERSHIP DUES AND ASSESSMENTS TO MAINTAIN AND IMPROVE THE COMMON GROUNDS AND FENCE OF LOMA SERENA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Monsef President | 2 | $0 | |
Laura Evans Treasurer | 2 | $0 | |
Mike Wood Vice President | 2 | $0 | |
Mark Banke Vice President | 2 | $0 | |
Paula Engelgau Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $146,540 |
| Investment income | $6 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $146,546 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $950 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $194 |
| Other expenses | $143,625 |
| Total expenses | $144,769 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $71,046 |
| Other assets | $0 |
| Total assets | $71,046 |
| Total liabilities | $0 |
| Net assets or fund balances | $71,046 |