Lake Forest Community Association
- Assets
- $6.7m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Lake Forest, CA
- Founding
- 02/1973
- Data as of
- 12/2020
- EIN
- 95-2577595
Organization Overview
Lake Forest Community Association is located in Lake Forest, CA. The organization was established in 1973. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, 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. Lake Forest Community 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 12/2020, Lake Forest Community Association generated $3.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $3.1m during the year ending 12/2020. While expenses have increased by 0.6% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
SEE STATEMENT 10
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE STATEMENT 10
PROVIDE MAINTENANCE AND COMMON AREA ENHANCEMENTS FOR THE LAKE FOREST COMMUNITY IN-LINE WITH THE ASSOCIATION'S MISSION STATEMENT.
SEE STATEMENT 10
PROVIDE MAINTENANCE AND COMMON AREA ENHANCEMENTS FOR THE LAKE FOREST COMMUNITY IN-LINE WITH THE ASSOCIATION'S MISSION STATEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Breuer Secretary | OfficerTrustee | 2 | $0 |
David Glick Vice-Preside | OfficerTrustee | 4 | $0 |
Jeffrey Nelson President | OfficerTrustee | 4 | $0 |
Jeff Miyaoka Treasurer | OfficerTrustee | 2 | $0 |
Kristin Eldred Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bemus Landscape Landscape Serv | 12/30/19 | $582,807 |
Great Scott Tree Service Tree Trimming | 12/30/19 | $218,852 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,453,456 |
| Investment income | $35,905 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$52,764 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$870 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,498,141 |
| 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 | $1,107,061 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $372,100 |
| Fees for services: Accounting | $4,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $296 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $5,609 |
| Royalties | $0 |
| Occupancy | $154,111 |
| 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 | $22,932 |
| Insurance | $0 |
| All other expenses | $407,841 |
| Total functional expenses | $3,121,992 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $491,487 |
| Savings and temporary cash investments | $6,041,805 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,350 |
| 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 | $16,852 |
| Net Land, buildings, and equipment | $95,387 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,041 |
| Total assets | $6,694,922 |
| Accounts payable and accrued expenses | $171,504 |
| 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 | $57,093 |
| Total liabilities | $228,597 |
| Net assets without donor restrictions | $742,595 |
| Net assets with donor restrictions | $5,723,730 |
| 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 | $6,694,922 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partners In Development Foundation Honolulu, HI | $6,037,007 | $19,233,237 |
Pasadena Center Operating Company Pasadena, CA | $155,500,535 | $24,244,402 |
Community Action Partnership Of Sonoma County Santa Rosa, CA | $6,669,063 | $15,581,119 |
Ideoorg San Francisco, CA | $12,398,491 | $9,854,732 |
Reinvent Stockton Foundation Stockton, CA | $46,832,546 | $19,773,564 |
Project Access Inc Orange, CA | $2,961,540 | $13,042,187 |
East Los Angeles Community Union Los Angeles, CA | $130,392,954 | $16,987,947 |
Gamaliel Of California Santa Rosa, CA | $3,034,268 | $10,017,971 |
Downtown Santa Monica Inc Santa Monica, CA | $4,897,203 | $9,308,728 |
Resources For Community Development Berkeley, CA | $93,266,557 | $6,994,658 |
Lake Wildwood Association Penn Valley, CA | $30,720,187 | $8,953,678 |
Antelope Valley Partners For Health Lancaster, CA | $4,220,936 | $10,090,239 |