Centrelake Owners Association FY2022 filing

Not tax-deductible

Irvine, CA501(c)(4) EIN 33-0247894Revenue $207K in FY2022Latest return filed Apr 6, 2026

On file with the IRSIrvine, CATax-exempt since Oct 1990

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The specific and primary purposes of the Association are to bring about civic betterments and social improvements by providing for the preservation and appearance of the development. The Association owns and maintains lake and park areas covering 73 acres located in ontario, california. The park and lake areas are accessible to residents in the surrounding residential areas on an unrestricted basis. Among the general purposes of the Association is to promote the common good, health, safety, and general welfare of the community. No grants are provided to others.

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
89¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average surplus $2K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
25 mo
of spending, in cash
Looks good: 25.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$10K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$207K
-3% vs prior year
Spent
$212K
To programs
89%
Net assets
$438K
By yearFY2020–FY2025
Revenue
$207K
FY2022▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2020$196K
FY2021$214K
FY2022$207K
FY2023$241K
FY2024$233K
FY2025$301K
Expenses
$212K
FY2022▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$201K
FY2021$220K
FY2022$212K
FY2023$241K
FY2024$235K
FY2025$274K
Net assets
$438K
FY2022▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$460K
FY2021$408K
FY2022$438K
FY2023$430K
FY2024$483K
FY2025$564K

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1990.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $190K Management & general 11% · $23K

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

Something off? Claim to add context

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
See Centrelake Owners Association executive salaries →

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

Preserves and maintains 73 acres of lake and parkland for community well-being.

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1 program · $190K · in their own filed words · FY2022
01

The association's program services are described in the primary mission statement on schedule o.

$190Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$207K
Ln 12
Gifts and grantsLn 1h$205K
Investment incomeLn 3$2K
Money outPt IX
$212K
Ln 25
Programscol B$190K
Managementcol C$23K
Owns and owesPt X
$438K
net assets · Ln 32
Cash and savingsLn 1–2$449K
Total assetsLn 16$449K
LiabilitiesLn 26$10K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$205K
Investment incomeLn 3$2K
Total revenueLn 12$207K
Assets in detailPt X, end of year
SavingsLn 2$449K
Cash and savings togetherLn 1–2$449K
Total assetsLn 16$449K
LiabilitiesLn 26$10K
Net assetsLn 32$438K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$413K$449K
Total assetsLn 16$413K$449K
LiabilitiesLn 26$5K$10K
Net assetsLn 32$408K$438K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$23K$12K$12K
Legal feesLn 11b$2K$703$1K
Accounting feesLn 11c$750$750
Office expensesLn 13$2K$2K
InsuranceLn 23$10K$4K$7K
Other expenses (24a–d)Ln 24$173K$173K
Total functional expensesLn 25$212K$190K$23K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Apr 6, 2026 $301K$274K$27K$564K 990 PDF
FY2024Filed with the IRS Apr 8, 2025 $233K$235K−$2K$483K 990 PDF
FY2023Filed with the IRS Apr 4, 2024 $241K$241K−$398$430K 990 PDF
FY2022 ViewingFiled with the IRS Apr 5, 2023 $207K$212K−$5K$438K 990 PDF
FY2021Filed with the IRS Apr 13, 2022 $214K$220K−$5K$408K 990 PDF
FY2020Filed with the IRS Apr 14, 2021 $196K$201K−$5K$460K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $207,229 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $214,253$205,183
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $224$2,046
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $214,477$207,229
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $219,621$212,358
I-18 Total expensesPrior year $219,621$212,358
I-19 Revenue less expensesPrior year −$5,144−$5,129
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $207,229 across 4 lines filed
VIII-1b Membership dues$205,183
VIII-1h Total contributions, gifts and grants$205,183
VIII-3 Investment incomeRelated to mission $2,046$2,046
VIII-12 Total revenueRelated to mission $2,046 · Unrelated business $0 · Excluded from tax $0$207,229
Part IX · Statement of functional expenses $212,358 across 6 lines filed
IX-11a Management feesPrograms $11,742 · Management $11,742$23,484
IX-11b Legal feesPrograms $703 · Management $1,197$1,900
IX-11c Accounting feesManagement $750$750
IX-13 Office expensesManagement $2,325$2,325
IX-23 InsurancePrograms $3,877 · Management $6,601$10,478
IX-24 Other expenses (24a–d)Programs $173,421$173,421
IX-25 Total functional expensesPrograms $189,743 · Management $22,615 · Fundraising $0$212,358
Part X · Balance sheet $448,503 assets, 8 lines filed
X-2 Savings and temporary cash investmentsStart of year $412,738$448,503
X-16 Total assetsStart of year $412,738$448,503
X-17 Accounts payable and accrued expensesStart of year $4,882$10,011
X-26 Total liabilitiesStart of year $4,882$10,011
X-27 Net assets without donor restrictionsStart of year −$4,882−$10,011
X-28 Net assets with donor restrictionsStart of year $412,738$448,503
X-32 Total net assets or fund balancesStart of year $407,856$438,492
X-33 Total liabilities and net assetsStart of year $412,738$448,503
Part XI · Reconciliation of net assets $438,492 net assets at year end
XI-1 Total revenue$207,229
XI-2 Total expenses$212,358
XI-3 Revenue less expenses−$5,129
XI-4 Net assets at start of year$407,856
XI-9 Other changes in net assets$35,765
XI-10 Net assets at end of year$438,492

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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