Fayson Lakes Association

Not tax-deductible

Kinnelon, NJ501(c)(7)Since 1930EIN 22-1468840Revenue $608K in FY2026

On file with the IRSfaysonlakes.org10 Clubhouse Trl, 07405-2802 · Kinnelon, NJTax-exempt since May 1975

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Provide water and beach recreation to lake community

51¢ of each $1 spent went to programs.
$28K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2026 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2026
latest Form 990
Looks good: the latest return is for FY2026, this tax year; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $122K a year · 22% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
51%
of spending
Worth a look: 51% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$28K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
17 mo
of spending, in cash
Looks good: 16.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$328K
23% of total assets
Looks good: liabilities are 23% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$608K
+4% vs prior year
Spent
$485K
To programs
51%
Net assets
$1.1M
By yearFY2021–FY2026
Revenue
$608K
FY2026▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2021$478K
FY2022$529K
FY2023$535K
FY2024$558K
FY2025$583K
FY2026$608K
Expenses
$485K
FY2026▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2021$395K
FY2022$404K
FY2023$395K
FY2024$428K
FY2025$455K
FY2026$485K
Net assets
$1.1M
FY2026▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2021$503K
FY2022$629K
FY2023$769K
FY2024$876K
FY2025$1.0M
FY2026$1.1M

From the FY2026 Form 990 (year ending February 2026) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in May 1975.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

51 cents of each dollar spent went to programs.

Program services 51% · $249K Management & general 49% · $236K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990; $28K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2025); the FY2026 filing did not itemize Part VII
Business Manager
$25,000Pt VII · Sec A
Maintenance
$2,640Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2026FY2025FY2024FY2023FY2022FY2021
Dorota Rogulska$25,000$19,806————
Cathy Luisi———$1,360$24,000$22,833
Ashlee Devers——$23,000———
Ashley Devers———$21,500——
John Woodruff$2,640$2,640$2,640$2,640$2,640$2,640

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers water and beach recreation to a lakeside community.

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Provided by the organization

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1 program · $249K · in their own filed words · FY2025
01

Provide water and beach recreation to lake community

$249Kprogram expense

By the numbers

The FY2026 990, line by line.

1The main four
Money inPt VIII
$608K
Ln 12
Gifts and grantsLn 1h$583K
Investment incomeLn 3$25K
Money outPt IX
$485K
Ln 25
Programscol B$249K
Managementcol C$236K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$676K
Total assetsLn 16$1.5M
LiabilitiesLn 26$328K
PeoplePt VI, VII
11
listed · VII A
PaidVII A2
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$583K
Fundraising eventsLn 1c$2K
Investment incomeLn 3$25K
Total revenueLn 12$608K
Assets in detailPt X, end of year
CashLn 1$150K
SavingsLn 2$526K
Cash and savings togetherLn 1–2$676K
Land, buildings, equipmentLn 10c$780K
Total assetsLn 16$1.5M
LiabilitiesLn 26$328K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 545
Fiscal year endsHeaderFebruary
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY26End FY26
Cash and savingsLn 1–2$591K$676K
Land, buildings, equipmentLn 10c$845K$780K
Total assetsLn 16$1.4M$1.5M
LiabilitiesLn 26$431K$328K
Net assetsLn 32$1.0M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$30K$30K
Other salaries and wagesLn 7$130K$130K
Payroll taxesLn 10$14K$14K
Accounting feesLn 11c$1K$1K
InterestLn 20$5K$5K
Depreciation, depletion and amortizationLn 22$65K$65K
InsuranceLn 23$89K$89K
Other expenses (24a–d)Ln 24$98K$65K$33K
All other expensesLn 24e$54K$40K$13K
Total functional expensesLn 25$485K$249K$236K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest Viewing $608K$485K$122K$1.1M 990 PDF
FY2025 $583K$455K$129K$1.0M 990 PDF
FY2024 $558K$428K$131K$876K 990 PDF
FY2023 $535K$395K$140K$769K 990 PDF
FY2022 $529K$404K$126K$629K 990 PDF
FY2021 $478K$395K$83K$503K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2026 990 (6 parts)
Part I · Summary $607,827 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $570,420$582,565
I-9 Program service revenue$0
I-10 Investment incomePrior year $13,066$25,262
I-11 Other revenue$0
I-12 Total revenuePrior year $583,486$607,827
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $157,309$174,098
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $297,451$311,390
I-18 Total expensesPrior year $454,760$485,488
I-19 Revenue less expensesPrior year $128,726$122,339
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $607,827 across 7 lines filed
VIII-1b Membership dues$515,463
VIII-1c Fundraising events$1,553
VIII-1f All other contributions, gifts and grants$65,549
VIII-1h Total contributions, gifts and grants$582,565
VIII-3 Investment incomeRelated to mission $25,262$25,262
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $25,262 · Unrelated business $0 · Excluded from tax $0$607,827
Part IX · Statement of functional expenses $485,488 across 9 lines filed
IX-5 Pay of current officers, directors and key staffManagement $30,296$30,296
IX-7 Other salaries and wagesPrograms $129,524$129,524
IX-10 Payroll taxesPrograms $14,278$14,278
IX-11c Accounting feesManagement $1,275$1,275
IX-20 InterestManagement $4,811$4,811
IX-22 Depreciation, depletion and amortizationManagement $65,018$65,018
IX-23 InsuranceManagement $88,520$88,520
IX-24 Other expenses (24a–d)Programs $64,695 · Management $33,429$98,124
IX-24e All other expensesPrograms $40,497 · Management $13,145$53,642
IX-25 Total functional expensesPrograms $248,994 · Management $236,494 · Fundraising $0$485,488
Part X · Balance sheet $1,455,031 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $172,392$149,565
X-2 Savings and temporary cash investmentsStart of year $418,683$525,957
X-10c Land, buildings and equipment, netStart of year $844,527$779,509
X-16 Total assetsStart of year $1,435,602$1,455,031
X-19 Deferred revenueStart of year $164,403$166,571
X-24 Unsecured notes and loans payableStart of year $266,674$161,594
X-26 Total liabilitiesStart of year $431,077$328,165
X-32 Total net assets or fund balancesStart of year $1,004,525$1,126,866
X-33 Total liabilities and net assetsStart of year $1,435,602$1,455,031
Part XI · Reconciliation of net assets $1,126,866 net assets at year end
XI-1 Total revenue$607,827
XI-2 Total expenses$485,488
XI-3 Revenue less expenses$122,339
XI-4 Net assets at start of year$1,004,525
XI-9 Other changes in net assets$2
XI-10 Net assets at end of year$1,126,866

Form 990 e-file (XML) FY2026 from the IRS · Classification, formation year and address from the IRS Business Master File

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