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Lake Panorama Association

Not tax-deductible

Panora, IA501(c)(4)Since 1968EIN 42-6139366Revenue $7.5M in FY2025

On file with the IRSlakepanorama.org5006 Panorama Dr, 50216-8616 · Panora, IATax-exempt since Jan 1985

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The purpose of the Lake Panorama Association shall be:1. To provide a means whereby the streets and those areas within the project designated as parks or pedestrian easements on the plats thereof and such other recreational facilities (see sch o.)within the project as may be conveyed to the Association may be operated, maintained, repaired, and replaced.2. To provide a means for the promulgation and enforcement of all regulations necessary to the governing of the use and enjoyment of such streets, parks, pedestrian easements, and such other recreational facilities within the project as may be conveyed to the Association.3. To work with government agencies to promote efficient fire protection, police protection, utility regulation, pollution control and water conservation.4. To provide for the acquisition and management of real estate and personal property for the mutual benefit of the members of the Lake Panorama subdivision.

83¢ of each $1 spent went to programs.
Run by 56 volunteers and 108 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
2 of 5
filings with a surplus
Average surplus $51K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$489K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$7.7M
43% of total assets
Looks good: liabilities are 43% 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
$7.5M
+8% vs prior year
Spent
$7.4M
To programs
83%
Net assets
$10.2M
By yearFY2021–FY2025
Revenue
$7.5M
FY2025▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2021$6.4M
FY2022$6.3M
FY2023$6.7M
FY2024$6.9M
FY2025$7.5M
Expenses
$7.4M
FY2025▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2021$5.8M
FY2022$6.5M
FY2023$6.8M
FY2024$7.1M
FY2025$7.4M
Net assets
$10.2M
FY2025+0.1%
Tap a bar for its year
Net assets by fiscal year
FY2021$10.6M
FY2022$10.4M
FY2023$10.4M
FY2024$10.2M
FY2025$10.2M

From the FY2025 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: FY2025. IRS ruling in Jan 1985.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $6.1M Management & general 17% · $1.3M

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; $489K paid to officers and key staff.

Part VII, Section A · reportable compensation
John Rutledge
General Manager - Lpa
$219,201Pt VII · Sec A
Danna Krambeer
Lpa-Controller
$105,679Pt VII · Sec A
Royce Shaffer
General Manager-Lpn
$91,127Pt VII · Sec A
Sandy Lowe
Lpn-Controller
$61,591Pt VII · Sec A
$3,850Pt VII · Sec A
$1,550Pt VII · Sec A
Susan Thompson
Vice President
$1,450Pt VII · Sec A
$1,450Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
John Rutledge$219,201$197,275$188,515$175,595$165,342
Danna Krambeer$105,679$95,630$89,486$81,678$76,121
Royce Shaffer$91,127$85,820$83,082$82,837$76,667
Sandy Lowe$61,591$60,215$58,589$57,193$55,413
David Finneseth$3,850$2,800$1,300$1,150$1,450
Richard Schumacher——$2,500$3,850$2,650
Emily Donovan——$2,900$1,450$1,450
Mary Jane Carothers——$900$1,100$2,300

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

Manages and maintains Lake Panorama's residential, recreational, and common areas.

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Provided by the organization

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3 programs · $5.0M · in their own filed words · FY2025
01

Oversee and administer the operations of the lake panorama national resort and conference center. The lake panorama national resort includes a 18 hole golf course, full service restaurant, banquet and meeting room facilities, pro shop and lodging.

$2.1Mprogram expense
02

Water

Supply members with quality water service. Oversee the day to day operations of the water purification plants, wells, and water mains which supply water to the association members.

$1.6Mprogram expense
03

Oversee the care of the streets, roadways, grounds, beaches and buildings and equipment owned by the association. The 6,000 acre development includes over 43 miles of streets and 3 beaches.

$1.4Mprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$7.5M
Ln 12
Fees for servicesLn 2g$6.4M
Other incomeLn 4–11$1.0M
Investment incomeLn 3$56K
Money outPt IX
$7.4M
Ln 25
Programscol B$6.1M
Managementcol C$1.3M
Owns and owesPt X
$10.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$17.9M
LiabilitiesLn 26$7.7M
PeoplePt VI, VII
11
listed · VII A
PaidVII A11
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$6.4M
Investment incomeLn 3$56K
Other incomeLn 4–11$1.0M
Total revenueLn 12$7.5M
Assets in detailPt X, end of year
SavingsLn 2$1.3M
Cash and savings togetherLn 1–2$1.3M
Land, buildings, equipmentLn 10c$15.1M
Other assetsLn 15$336K
Total assetsLn 16$17.9M
LiabilitiesLn 26$7.7M
Net assetsLn 32$10.2M
OperationsPt I, VI
EmployeesI 5108
VolunteersI 656
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 FY25End FY25
Cash and savingsLn 1–2$970K$1.3M
Land, buildings, equipmentLn 10c$15.3M$15.1M
Total assetsLn 16$17.8M$17.9M
LiabilitiesLn 26$7.6M$7.7M
Net assetsLn 32$10.2M$10.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$568K$568K
Other salaries and wagesLn 7$1.8M$1.3M$465K
Pension plan contributionsLn 8$62K$38K$24K
Other employee benefitsLn 9$187K$136K$51K
Payroll taxesLn 10$202K$166K$36K
Management feesLn 11a$14K$14K
Legal feesLn 11b$113K$35K$78K
Accounting feesLn 11c$27K$10K$17K
Advertising and promotionLn 12$24K$23K$232
Office expensesLn 13$117K$64K$53K
OccupancyLn 16$439K$431K$8K
TravelLn 17$21K$5K$16K
InterestLn 20$195K$181K$14K
Depreciation, depletion and amortizationLn 22$1.3M$1.0M$221K
InsuranceLn 23$526K$497K$28K
Other expenses (24a–d)Ln 24$1.4M$1.1M$210K
All other expensesLn 24e$527K$450K$77K
Total functional expensesLn 25$7.4M$6.1M$1.3M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $7.5M$7.4M$15K$10.2M 990 PDF
FY2024 $6.9M$7.1M−$190K$10.2M 990 PDF
FY2023 $6.7M$6.8M−$56K$10.4M 990 PDF
FY2022 $6.3M$6.5M−$173K$10.4M 990 PDF
FY2021 $6.4M$5.8M$661K$10.6M 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 FY2025 990 (6 parts)
Part I · Summary $7,457,116 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $5,999,879$6,378,320
I-10 Investment incomePrior year $75,081$56,144
I-11 Other revenuePrior year $841,542$1,022,652
I-12 Total revenuePrior year $6,916,502$7,457,116
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 $2,714,327$2,826,128
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,391,941$4,616,291
I-18 Total expensesPrior year $7,106,268$7,442,419
I-19 Revenue less expensesPrior year −$189,766$14,697
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $7,457,116 across 5 lines filed
Lines not itemized here account for $477,153 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,834,755 · Unrelated business $889,635$5,724,390
VIII-3 Investment incomeExcluded from tax $56,144$56,144
VIII-6 Net rental income or lossRelated to mission $134,540$134,540
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $928,906 · Unrelated business $135,983$1,064,889
VIII-12 Total revenueRelated to mission $5,944,436 · Unrelated business $1,456,536 · Excluded from tax $56,144$7,457,116
Part IX · Statement of functional expenses $7,442,419 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $567,685$567,685
IX-7 Other salaries and wagesPrograms $1,341,473 · Management $465,388$1,806,861
IX-8 Pension plan contributionsPrograms $38,446 · Management $23,995$62,441
IX-9 Other employee benefitsPrograms $136,282 · Management $51,072$187,354
IX-10 Payroll taxesPrograms $166,161 · Management $35,626$201,787
IX-11a Management feesPrograms $14,400$14,400
IX-11b Legal feesPrograms $35,309 · Management $77,798$113,107
IX-11c Accounting feesPrograms $10,484 · Management $16,886$27,370
IX-12 Advertising and promotionPrograms $23,439 · Management $232$23,671
IX-13 Office expensesPrograms $64,313 · Management $52,912$117,225
IX-16 OccupancyPrograms $431,117 · Management $7,530$438,647
IX-17 TravelPrograms $5,049 · Management $15,536$20,585
IX-20 InterestPrograms $180,590 · Management $14,132$194,722
IX-22 Depreciation, depletion and amortizationPrograms $1,035,878 · Management $220,543$1,256,421
IX-23 InsurancePrograms $497,307 · Management $28,426$525,733
IX-24 Other expenses (24a–d)Programs $1,147,469 · Management $210,043$1,357,512
IX-24e All other expensesPrograms $450,166 · Management $76,732$526,898
IX-25 Total functional expensesPrograms $6,145,568 · Management $1,296,851 · Fundraising $0$7,442,419
Part X · Balance sheet $17,906,285 assets, 13 lines filed
X-2 Savings and temporary cash investmentsStart of year $969,891$1,296,737
X-4 Accounts receivableStart of year $71,837$89,887
X-8 Inventories for sale or useStart of year $441,867$467,832
X-9 Prepaid expenses and deferred chargesStart of year $546,809$578,216
X-10c Land, buildings and equipment, netStart of year $15,339,087$15,137,839
X-15 Other assetsStart of year $421,717$335,774
X-16 Total assetsStart of year $17,791,208$17,906,285
X-17 Accounts payable and accrued expensesStart of year $822,763$839,305
X-19 Deferred revenueStart of year $271,257$295,209
X-25 Other liabilitiesStart of year $0$179,997
X-26 Total liabilitiesStart of year $7,601,143$7,701,523
X-32 Total net assets or fund balancesStart of year $10,190,065$10,204,762
X-33 Total liabilities and net assetsStart of year $17,791,208$17,906,285
Part XI · Reconciliation of net assets $10,204,762 net assets at year end
XI-1 Total revenue$7,457,116
XI-2 Total expenses$7,442,419
XI-3 Revenue less expenses$14,697
XI-4 Net assets at start of year$10,190,065
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$10,204,762

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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