Shadow Lake INC: FY2023 Nonprofit Profile & Form 990 (EIN 22-1623387)

Revenue by fiscal year
FY2021	$185K
FY2022	$165K
FY2023	$202K
FY2024	$200K
FY2025	$207K

Expenses by fiscal year
FY2021	$274K
FY2022	$241K
FY2023	$227K
FY2024	$322K
FY2025	$236K

Net assets by fiscal year
FY2021	$184K
FY2022	$95K
FY2023	$69K
FY2024	−$53K
FY2025	−$82K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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

Where the money goes

98 cents of each dollar spent went to programs.

98%

Program services 98% · $222K Management & general 2% · $5K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII

Stephen Bommer

Trustee

$0Pt VII · Sec A

Maggie Crosta

Treasurer

$0Pt VII · Sec A

Meagan Giunta

President

$0Pt VII · Sec A

Michele Klima

Trustee

$0Pt VII · Sec A

Karen Rutherford

Trustee

$0Pt VII · Sec A

Scott Shields

Trustee

$0Pt VII · Sec A

See Shadow Lake INC executive salaries →

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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 lake access and outdoor recreation for members and guests.

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Provided by the organization

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1 program · $170K · in their own filed words · FY2022

01

Provide swimming, camping and outdoor facilities for the community.

$170Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$202K

Ln 12

Fees for servicesLn 2g$192K

Other incomeLn 4–11$10K

Money outPt IX

$227K

Ln 25

Programscol B$222K

Managementcol C$5K

Owns and owesPt X

$69K

net assets · Ln 32

Cash and savingsLn 1–2$228K

Total assetsLn 16$342K

LiabilitiesLn 26$273K

PeoplePt VI, VII

6

listed · VII A

PaidVII A0

Voting boardVI 1a7

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$192K

Other incomeLn 4–11$10K

Total revenueLn 12$202K

Assets in detailPt X, end of year

CashLn 1$228K

Cash and savings togetherLn 1–2$228K

Land, buildings, equipmentLn 10c$84K

Total assetsLn 16$342K

LiabilitiesLn 26$273K

Net assetsLn 32$69K

OperationsPt I, VI

EmployeesI 50

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

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$214K	$228K
Land, buildings, equipmentLn 10c	$135K	$84K
Total assetsLn 16	$371K	$342K
LiabilitiesLn 26	$276K	$273K
Net assetsLn 32	$95K	$69K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Legal feesLn 11b	$625	$312	$313
Accounting feesLn 11c	$8K	$4K	$4K
Other fees for servicesLn 11g	$3K	$3K
Office expensesLn 13	$2K	$2K	$471
Information technologyLn 14	$644	$322	$322
Depreciation, depletion and amortizationLn 22	$52K	$52K
InsuranceLn 23	$12K	$12K
Other expenses (24a–d)Ln 24	$102K	$102K
All other expensesLn 24e	$47K	$47K
Total functional expensesLn 25	$227K	$222K	$5K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$207K	$236K	−$29K	−$82K	990 PDF
FY2024	$200K	$322K	−$122K	−$53K	990 PDF
FY2023 Viewing	$202K	$227K	−$26K	$69K	990 PDF
FY2022	$165K	$241K	−$77K	$95K	990 PDF
FY2021	$185K	$274K	−$89K	$184K	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 FY2023 990 (6 parts)

Part I · Summary $201,729 revenue, 12 lines filed

I-8 Contributions and grants$0

I-9 Program service revenuePrior year $158,475$192,110

I-10 Investment income$0

I-11 Other revenuePrior year $6,080$9,619

I-12 Total revenuePrior year $164,555$201,729

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $241,085$227,291

I-18 Total expensesPrior year $241,085$227,291

I-19 Revenue less expensesPrior year −$76,530−$25,562

Part VI · Governance 0 of 7 board members independent, 4 to look at

VI-1a Voting members of the governing body7

VI-1b Independent voting members0

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 $201,729 across 3 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $192,110$192,110

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $9,619$9,619

VIII-12 Total revenueRelated to mission $201,729$201,729

Part IX · Statement of functional expenses $227,291 across 9 lines filed

IX-11b Legal feesPrograms $312 · Management $313$625

IX-11c Accounting feesPrograms $4,125 · Management $4,125$8,250

IX-11g Other fees for servicesPrograms $2,965$2,965

IX-13 Office expensesPrograms $1,664 · Management $471$2,135

IX-14 Information technologyPrograms $322 · Management $322$644

IX-22 Depreciation, depletion and amortizationPrograms $51,608$51,608

IX-23 InsurancePrograms $11,973$11,973

IX-24 Other expenses (24a–d)Programs $101,636$101,636

IX-24e All other expensesPrograms $47,455$47,455

IX-25 Total functional expensesPrograms $222,060 · Management $5,231 · Fundraising $0$227,291

Part X · Balance sheet $342,040 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $214,266$227,924

X-4 Accounts receivableStart of year $22,024$30,612

X-10c Land, buildings and equipment, netStart of year $135,112$83,504

X-16 Total assetsStart of year $371,402$342,040

X-25 Other liabilitiesStart of year $276,000$273,000

X-26 Total liabilitiesStart of year $276,000$273,000

X-27 Net assets without donor restrictionsStart of year $95,402$69,040

X-32 Total net assets or fund balancesStart of year $95,402$69,040

X-33 Total liabilities and net assetsStart of year $371,402$342,040

Part XI · Reconciliation of net assets $69,040 net assets at year end

XI-1 Total revenue$201,729

XI-2 Total expenses$227,291

XI-3 Revenue less expenses−$25,562

XI-4 Net assets at start of year$95,402

XI-9 Other changes in net assets−$800

XI-10 Net assets at end of year$69,040

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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Shadow Lake INC FY2023 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Shadow Lake INC

By the numbers

Filing history

Schedules filed Part IV