Koontz Lake Association INC

IRS exemption revoked

Walkerton, INUnknown exempt organizationEIN 35-1109708Revenue $150K in FY2020

On file with the IRSkoontzlake.orgP O Box 25 · Walkerton, IN

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To maintain and improve the Koontz Lake area.

Mission: Form 990 Part I, line 1

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2020
latest Form 990
Concern: the latest return is for FY2020, 6 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average deficit $2K a year · 1% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% 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
$150K
-3% vs prior year
Spent
$166K
To programs
0%
Net assets
$127K
By yearFY2019–FY2020
Revenue
$150K
FY2020▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2019$155K
FY2020$150K
Expenses
$166K
FY2020▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2019$142K
FY2020$166K
Net assets
$127K
FY2020▼ -11%
Tap a bar for its year
Net assets by fiscal year
FY2019$143K
FY2020$127K

From the FY2020 Form 990 · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on May 15, 2010

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2020.

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

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Koontz Lake Association 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

Improves and maintains the Koontz Lake area for the community.

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Provided by the organization

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1 program · $136K · in their own filed words · FY2020
01

Garbage collection

$136Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 10 grants · $6K · 2019–2019
Individual RecipientFY2019$1,000
Constillation of Starke CountyFY2019$1,000
Individual RecipientFY2019$1,000
SwatFY2019$500
Community ServicesFY2019$500
Center for HospiceFY2019$500
Individual RecipientFY2019$500
Individual RecipientFY2019$350
Oregon-Davis Boys BasketballFY2019$250
Little League BaseballFY2019$125

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$150K
Ln 12
Fees for servicesLn 2g$114K
Gifts and grantsLn 1h$34K
Other incomeLn 4–11$2K
Money outPt IX
$166K
Ln 25
Owns and owesPt X
$127K
net assets · Ln 32
Cash and savingsLn 1–2$70K
Total assetsLn 16$127K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$34K
Fundraising eventsLn 1c$2K
Fees for servicesLn 2g$114K
Investment incomeLn 3$50
Other incomeLn 4–11$2K
Total revenueLn 12$150K
Assets in detailPt X, end of year
CashLn 1$70K
Cash and savings togetherLn 1–2$70K
Land, buildings, equipmentLn 10c$57K
Total assetsLn 16$127K
LiabilitiesLn 26$0
Net assetsLn 32$127K
OperationsPt I, VI
EmployeesI 50
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 FY20End FY20
Cash and savingsLn 1–2$74K$70K
Land, buildings, equipmentLn 10c$57K$57K
Total assetsLn 16$143K$127K
LiabilitiesLn 26$0$0
Net assetsLn 32$143K$127K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$310
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$50
Office expensesLn 13$3K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$8K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$4K
Other expenses (24a–d)Ln 24$140K
All other expensesLn 24e$8K
Total functional expensesLn 25$166K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 Latest Viewing $150K$166K−$16K$127K 990 PDF
FY2019 $155K$142K$13K$143K 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 FY2020 990 (6 parts)
Part I · Summary $149,793 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $27,400$34,225
I-9 Program service revenuePrior year $114,280$113,535
I-10 Investment incomePrior year $71$50
I-11 Other revenuePrior year $12,799$1,983
I-12 Total revenuePrior year $154,550$149,793
I-13 Grants and similar amounts paidPrior year $5,725$2,700
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $135,894$163,205
I-18 Total expensesPrior year $141,619$165,905
I-19 Revenue less expensesPrior year $12,931−$16,112
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 $149,793 across 8 lines filed
Lines not itemized here account for $228 of total revenue; see the IRS return.
VIII-1b Membership dues$32,175
VIII-1c Fundraising events$1,755
VIII-1f All other contributions, gifts and grants$2,050
VIII-1h Total contributions, gifts and grants$34,225
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)$113,535
VIII-3 Investment income$50
VIII-8 Net income from fundraising events$1,755
VIII-12 Total revenue$149,793
Part IX · Statement of functional expenses $165,905 across 30 lines filed
IX-1 Grants to domestic organizations$2,700
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$310
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$50
IX-13 Office expenses$3,351
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$8,155
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$3,513
IX-24 Other expenses (24a–d)$139,938
IX-24e All other expenses$7,888
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$165,905
Part X · Balance sheet $126,785 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $74,269$70,125
X-10c Land, buildings and equipment, netStart of year $56,660$56,660
X-16 Total assetsStart of year $142,897$126,785
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $142,897$126,785
X-33 Total liabilities and net assetsStart of year $142,897$126,785
Part XI · Reconciliation of net assets $126,785 net assets at year end
XI-1 Total revenue$149,793
XI-2 Total expenses$165,905
XI-3 Revenue less expenses−$16,112
XI-4 Net assets at start of year$142,897
XI-10 Net assets at end of year$126,785

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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