Beaver Lake Association

Not tax-deductible

Plattsmouth, NEMutual-benefit / member-servingEIN 47-6086392

Maintenace of common areas of the homeowners association.

100¢ of each $1 spent went to programs.
Run by 100 volunteers and 54 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
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
5 of 5
filings with a surplus
Average surplus $317K a year · 11% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$193K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 7 voting members
Looks good: 8 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
$3.2M
+5% vs prior year
Spent
$2.8M
To programs
100%
Net assets
$4.5M
By yearFY2020–FY2024
Revenue
$3.2M
FY2024▲ +5%
Revenue by fiscal year
FY2020$2.7M
FY2021$2.8M
FY2022$2.9M
FY2023$3.0M
FY2024$3.2M
Expenses
$2.8M
FY2024▲ +3%
Expenses by fiscal year
FY2020$2.5M
FY2021$2.5M
FY2022$2.6M
FY2023$2.7M
FY2024$2.8M
Net assets
$4.5M
FY2024▲ +10%
Net assets by fiscal year
FY2020$3.2M
FY2021$3.5M
FY2022$3.8M
FY2023$4.1M
FY2024$4.5M

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

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1977.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $2.8M

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

7 people listed on the 990.

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

Maintains common areas for homeowners association members.

Provided by the organization

This section is blank until Beaver Lake Association claims this page.

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1 program service, described in the organization's own filed words · FY2024.
01

Acquisition, construction, manangement and maintenance of associationcommon areas. Utility and meter fees and other program revenue used for themaintenance and betterment of association common areas and facilities.

Pt IX · col B

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.2M
Ln 12
Gifts and grantsLn 1h$1.8M
Fees for servicesLn 2g$1.3M
Investment incomeLn 3$108K
Money outPt IX
$2.8M
Ln 25
Programscol B$2.8M
Owns and owesPt X
$4.5M
net assets · Ln 32
Cash and savingsLn 1–2$814K
Total assetsLn 16$4.7M
LiabilitiesLn 26$193K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.8M
Fees for servicesLn 2g$1.3M
Investment incomeLn 3$108K
Gains on assetsLn 7$81K
Total revenueLn 12$3.2M
Assets in detailPt X, end of year
CashLn 1$814K
SavingsLn 2$0
Cash and savings togetherLn 1–2$814K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$3.8M
Other assetsLn 15$3K
Total assetsLn 16$4.7M
LiabilitiesLn 26$193K
Net assetsLn 32$4.5M
OperationsPt I, VI
EmployeesI 554
VolunteersI 6100
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$374K$814K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$4.0M$3.8M
Total assetsLn 16$4.4M$4.7M
LiabilitiesLn 26$288K$193K
Net assetsLn 32$4.1M$4.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
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$970K$970K
Pension plan contributionsLn 8$16K$16K
Other employee benefitsLn 9$124K$124K
Payroll taxesLn 10$75K$75K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$29K$29K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$47K$47K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$3K$3K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$781$781
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$559K$559K
InsuranceLn 23$203K$203K
Other expenses (24a–d)Ln 24$724K$724K
All other expensesLn 24e$31K$31K
Total functional expensesLn 25$2.8M$2.8M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $3.2M$2.8M$397K$4.5M 990 PDF
FY2023 $3.0M$2.7M$338K$4.1M 990 PDF
FY2022 $2.9M$2.6M$291K$3.8M 990 PDF
FY2021 $2.8M$2.5M$307K$3.5M 990 PDF
FY2020 $2.7M$2.5M$253K$3.2M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $3,176,991 across 9 lines filed
VIII-1b Membership dues$1,778,212
VIII-1h Total contributions, gifts and grants$1,778,212
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,290,564$1,290,564
VIII-3 Investment incomeRelated to mission $27,553$27,553
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $80,662$80,662
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $1,398,779$3,176,991
Part IX · Statement of functional expenses $2,780,250 across 31 lines filed
IX-1 Grants to domestic organizations$0
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 wagesPrograms $969,513$969,513
IX-8 Pension plan contributionsPrograms $16,331$16,331
IX-9 Other employee benefitsPrograms $123,587$123,587
IX-10 Payroll taxesPrograms $74,890$74,890
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $29,244$29,244
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $46,963$46,963
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelPrograms $2,867$2,867
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $781$781
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $558,768$558,768
IX-23 InsurancePrograms $203,006$203,006
IX-24 Other expenses (24a–d)Programs $723,791$723,791
IX-24e All other expensesPrograms $30,509$30,509
IX-25 Total functional expensesPrograms $2,780,250 · Management $0 · Fundraising $0$2,780,250
Part X · Balance sheet $4,714,654 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $373,626$813,890
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $67,700$83,748
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $3,968,449$3,814,239
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $2,590$2,777
X-16 Total assetsStart of year $4,412,365$4,714,654
X-17 Accounts payable and accrued expensesStart of year $106,329$114,836
X-24 Unsecured notes and loans payableStart of year $124,085$25,401
X-25 Other liabilitiesStart of year $57,325$53,050
X-26 Total liabilitiesStart of year $287,739$193,287
X-27 Net assets without donor restrictionsStart of year $4,124,626$4,521,367
X-32 Total net assets or fund balancesStart of year $4,124,626$4,521,367
X-33 Total liabilities and net assetsStart of year $4,412,365$4,714,654
Part XI · Reconciliation of net assets $4,521,367 net assets at year end
XI-1 Total revenue$3,176,991
XI-2 Total expenses$2,780,250
XI-3 Revenue less expenses$396,741
XI-4 Net assets at start of year$4,124,626
XI-10 Net assets at end of year$4,521,367

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

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