Indian Lake Estates INC

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Civic association

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
90¢ of each $1 spent went to programs.
Run by 14 volunteers and 72 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $90K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
8 mo
of spending, in cash
Looks good: 7.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$745K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.7M
+9% vs prior year
Spent
$4.6M
To programs
90%
Net assets
$10.0M
By yearFY2020–FY2024
Revenue
$4.7M
FY2024▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.6M
FY2021$3.9M
FY2022$2.5M
FY2023$4.3M
FY2024$4.7M
Expenses
$4.6M
FY2024▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.8M
FY2021$3.1M
FY2022$3.1M
FY2023$3.9M
FY2024$4.6M
Net assets
$10.0M
FY2024▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$7.4M
FY2021$8.6M
FY2022$8.7M
FY2023$9.6M
FY2024$10.0M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1996.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $4.1M Management & general 10% · $473K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Indian Lake Estates 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

Indian Lake Estates INC is a membership association based in Indian Lake Estates, FL.

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Provided by the organization

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1 program · $4.1M · in their own filed words · FY2024
01

Maintenance and caretaking of public buildings and areas within the community.

$4.1Mprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$4.7M
Ln 12
Fees for servicesLn 2g$4.6M
Investment incomeLn 3$48K
Gifts and grantsLn 1h$2K
Money outPt IX
$4.6M
Ln 25
Programscol B$4.1M
Managementcol C$473K
Owns and owesPt X
$10.0M
net assets · Ln 32
Cash and savingsLn 1–2$3.0M
Total assetsLn 16$10.8M
LiabilitiesLn 26$745K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2K
Fees for servicesLn 2g$4.6M
Investment incomeLn 3$48K
Gains on assetsLn 7−$6K
Total revenueLn 12$4.7M
Assets in detailPt X, end of year
CashLn 1$3.0M
Cash and savings togetherLn 1–2$3.0M
InvestmentsLn 11–13$10K
Land, buildings, equipmentLn 10c$6.8M
Other assetsLn 15$358K
Total assetsLn 16$10.8M
LiabilitiesLn 26$745K
Net assetsLn 32$10.0M
OperationsPt I, VI
EmployeesI 572
VolunteersI 614
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$3.2M$3.0M
InvestmentsLn 11–13$10K$10K
Land, buildings, equipmentLn 10c$6.1M$6.8M
Total assetsLn 16$10.1M$10.8M
LiabilitiesLn 26$459K$745K
Net assetsLn 32$9.6M$10.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.2M$988K$240K
Other employee benefitsLn 9$157K$146K$11K
Payroll taxesLn 10$95K$76K$19K
Legal feesLn 11b$28K$28K
Accounting feesLn 11c$62K$62K
Advertising and promotionLn 12$10K$10K$235
Office expensesLn 13$67K$36K$32K
OccupancyLn 16$101K$97K$4K
TravelLn 17$2K$2K
InterestLn 20$13K$13K
Depreciation, depletion and amortizationLn 22$1.0M$1.0M
InsuranceLn 23$230K$193K$37K
Other expenses (24a–d)Ln 24$951K$951K
All other expensesLn 24e$622K$596K$26K
Total functional expensesLn 25$4.6M$4.1M$473K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $4.7M$4.6M$40K$10.0M 990 PDF
FY2023 $4.3M$3.9M$321K$9.6M 990 PDF
FY2022 $2.5M$3.1M−$598K$8.7M 990 PDF
FY2021 $3.9M$3.1M$829K$8.6M 990 PDF
FY2020 $3.6M$3.8M−$144K$7.4M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $4,652,722 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $23,550$2,070
I-9 Program service revenuePrior year $4,209,727$4,602,602
I-10 Investment incomePrior year $20,233$48,050
I-11 Other revenue$0
I-12 Total revenuePrior year $4,253,510$4,652,722
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,323,042$1,480,967
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,609,411$3,132,012
I-18 Total expensesPrior year $3,932,453$4,612,979
I-19 Revenue less expensesPrior year $321,057$39,743
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $4,652,722 across 6 lines filed
Lines not itemized here account for $316,799 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$2,070
VIII-1h Total contributions, gifts and grants$2,070
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,285,803$4,285,803
VIII-3 Investment incomeExcluded from tax $53,736$53,736
VIII-7 Net gain or loss on sales of assetsRelated to mission −$5,686−$5,686
VIII-12 Total revenueRelated to mission $4,596,916 · Excluded from tax $53,736$4,652,722
Part IX · Statement of functional expenses $4,612,979 across 14 lines filed
IX-7 Other salaries and wagesPrograms $988,329 · Management $240,118$1,228,447
IX-9 Other employee benefitsPrograms $145,954 · Management $11,168$157,122
IX-10 Payroll taxesPrograms $76,130 · Management $19,268$95,398
IX-11b Legal feesManagement $27,920$27,920
IX-11c Accounting feesManagement $62,291$62,291
IX-12 Advertising and promotionPrograms $9,521 · Management $235$9,756
IX-13 Office expensesPrograms $35,647 · Management $31,768$67,415
IX-16 OccupancyPrograms $96,627 · Management $4,488$101,115
IX-17 TravelPrograms $1,798$1,798
IX-20 InterestManagement $13,407$13,407
IX-22 Depreciation, depletion and amortizationPrograms $1,045,106$1,045,106
IX-23 InsurancePrograms $193,219 · Management $37,179$230,398
IX-24 Other expenses (24a–d)Programs $950,996$950,996
IX-24e All other expensesPrograms $596,209 · Management $25,601$621,810
IX-25 Total functional expensesPrograms $4,139,536 · Management $473,443 · Fundraising $0$4,612,979
Part X · Balance sheet $10,791,856 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $3,178,993$3,013,954
X-4 Accounts receivableStart of year $401,763$468,335
X-8 Inventories for sale or useStart of year $86,550$86,550
X-9 Prepaid expenses and deferred chargesStart of year $33,222$43,223
X-10c Land, buildings and equipment, netStart of year $6,108,569$6,811,952
X-12 Other securitiesStart of year $10,199$10,199
X-15 Other assetsStart of year $260,869$357,643
X-16 Total assetsStart of year $10,080,165$10,791,856
X-17 Accounts payable and accrued expenses$3,240
X-25 Other liabilitiesStart of year $421,433$512,949
X-26 Total liabilitiesStart of year $459,437$744,968
X-27 Net assets without donor restrictionsStart of year $9,620,728$10,046,888
X-32 Total net assets or fund balancesStart of year $9,620,728$10,046,888
X-33 Total liabilities and net assetsStart of year $10,080,165$10,791,856
Part XI · Reconciliation of net assets $10,046,888 net assets at year end
XI-1 Total revenue$4,652,722
XI-2 Total expenses$4,612,979
XI-3 Revenue less expenses$39,743
XI-4 Net assets at start of year$9,620,728
XI-9 Other changes in net assets$386,417
XI-10 Net assets at end of year$10,046,888

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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