Lake Waramaug Task Force INC EIN 06-1063687 Form 990 (PDF) Claim this org

Lake Waramaug Task Force INC

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Restores and maintains the water quality and clarity of Lake Waramaug. For fiscal year 2024 it reported $463K in revenue, $510K in expenses, and $1.5M in net assets.Pt I

Type
Public charity (501(c)(3)) · Environment
Location
Warren, CT
Website
lakewaramaug.org
Filings
5 on file (2020–2024)
Revenue
$463KFY2024
Expenses
$510K
Net assets
$1.5M
People
20
Filings
5
Updates
0
More identity details & actions ⌄
EIN  06-1063687 Public charity (501(c)(3)) Warren, CT
Form 990 (PDF)
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Size
$100K–1M
What they do
Restores and maintains the water quality and clarity of Lake Waramaug.
Leadership
Sean Hayden · Executive Director · $106K
Money in and out
$463K revenue, $510K expenses
Bottom line
87% program efficiency
Where the money goes · FY2024
Total revenue
$463K
Pt VIII · Ln 12
Total expenses
$510K
Pt IX · Ln 25
Net assets
$1.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$47K
Where spending went · Part IX cols B–D
Program services $0.87 Management & general $0.07 Fundraising $0.06
Program efficiency
87%
of spending reaches programs▲ +3% vs prior filing year
Operating runway
30.8mo
months of highly liquid reserves at operating expense rate▼ -11% vs prior filing year
Surplus margin
-10%
revenue over expenses, this year▼ -183% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$463K
FY2024▼ -3%
Expenses
$510K
FY2024▲ +22%
Total assets
$1.5M
FY2024▲ +5%
Total liabilities
$7K
FY2024▲ +89%
Total revenue
$463K
Pt VIII · Ln 12
Total expenses
$510K
Pt IX · Ln 25
Net assets
$1.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$47K
Total assetsPt X · Ln 16$1.5M
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 318
Independent voting membersPt I · Ln 418

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLake Waramaug Task Force INC
EINHdr · item D06-1063687
Principal addressHdr · item CWarren, CT
WebsiteHdr · item Jlakewaramaug.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEnvironment (C320)
Ruling yearIRS BMFJul 1982

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a18
Independent voting membersPt VI · Ln 1b18
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$106,000Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Sean Hayden’s $106K as Executive Director is at the 84th percentile of top reported officer pay among 1981 $100K–1M environment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Sean Hayden$106,000$91,115$97,475$94,902$92,150

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $443K of program spending, described in the organization's own filed words · FY2024.
01

Scientific study of lake, and actual treatment and management to avoid harmful growths and pollution as well as research and monitoring to protect the lake

$443Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$432K · 93%
Investment income$31K · 7%
Contributions & grants93%$432K
Investment income7%$31K
Total revenueLn 12$463K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.07 Fundraising $0.06
Program services87%$443K
Management & general7%$35K
Fundraising6%$32K
Total functional expensesLn 25$510K

Balance Sheet

Part X · end of year
CashLn 1$316K
Total assetsLn 16$1.5M
Total liabilitiesLn 26$7K
Total net assetsLn 32$1.5M
Months of cash on handcomputed7.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.3M · Operating expenses/yr $510K
30.8 months
Where the money goes
Program services
Program services $443K · Total expenses $510K
87%
Management & General
Management & general $35K · Total expenses $510K
7%
Fundraising
Fundraising $32K · Total expenses $510K
6%
Cost to raise $1
Fundraising expense (3-yr avg) $29K · Solicited contributions (3-yr avg) $434K
$0.07 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $432K · Total revenue $463K
93%
Government reliance
Government grants — · Total revenue $463K
Earned-income share
Program service revenue $0 · Total revenue $463K
0%
Investment reliance
Investment income $31K · Total revenue $463K
+7%
Program self-sufficiency
Program service revenue $0 · Total expenses $510K
0%
Growth & trend
Revenue growth (YoY)
This year $463K · Prior year $476K
-3%
Revenue CAGR
FY2020 $349K · FY2024 $463K
+7%
Net-asset trend (YoY)
End of year $1.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $463K · Expenses $510K
-10%
Liabilities-to-Assets
Total liabilities — · Total assets $1.5M
Net-asset ratio
Net assets $1.5M · Total assets $1.5M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $993K · Total assets (Pt X, ln 16) $1.5M
66%
People & payroll
Highest Reported Total Compensation
Individual Sean Hayden · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $106K · Total expenses $510K
21%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $187K · Total expenses $510K
37%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 87%
Overhead ratio 7%
Fundraising cost ratio 7%
Revenue growth -3%
Investment management fee ratio 0.5%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$17K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$463K revenue · viewing · ⤓ 990 PDF
FY2023$476K revenue · ⤓ 990 PDF
FY2022$448K revenue · ⤓ 990 PDF
FY2021$408K revenue · ⤓ 990 PDF
FY2020$349K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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