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Boone Lake Association FY2022 filing

Tax-deductible

Piney Flats, TN501(c)(3)Since 1983EIN 58-1574607Revenue $191K in FY2022

On file with the IRSboonelakeassociation.orgPo Box 111, 37686-0111 · Piney Flats, TNTax-exempt since Aug 1984Publicly supported — 509(a)(2)

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Maintain water quality of Boone Lake

501(c)(3) charity; gifts are tax-deductible.
96¢ 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)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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
4 of 6
filings with a surplus
Average surplus $24K a year · 12% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
13 mo
of spending, in cash
Looks good: 12.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $9K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$216
0.06% 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
$191K
+70% vs prior year
Spent
$152K
To programs
96%
Net assets
$358K
By yearFY2019–FY2025
Revenue
$191K
FY2022▲ +70%
Tap a bar for its year
Revenue by fiscal year
FY2019$78K
FY2020$273K
FY2021$112K
FY2022$191K
FY2023$192K
FY2024$218K
FY2025$249K
Expenses
$152K
FY2022▲ +49%
Tap a bar for its year
Expenses by fiscal year
FY2019Not on file
FY2020$99K
FY2021$102K
FY2022$152K
FY2023$192K
FY2024$246K
FY2025$302K
Net assets
$358K
FY2022▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2019$116K
FY2020$315K
FY2021$324K
FY2022$358K
FY2023$370K
FY2024$374K
FY2025$360K

From the FY2022 Form 990 · see the original

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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 Aug 1984.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $146K Management & general 4% · $6K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
Val Kosmider
President
$0Pt VII · Sec A
Frank Hahne
Chief Operating Officer
$0Pt VII · Sec A
Ann Larson
Secretary
$0Pt VII · Sec A
Jerry Frank
Board Member
$0Pt VII · Sec A
Gary Parker
Board Member
$0Pt VII · Sec A
Jim Slaight
Chief Financial Officer
$0Pt VII · Sec A
Jeanette Bailey
Board Member
$0Pt VII · Sec A
Laurie Spring
Board Member
$0Pt VII · Sec A
See Boone 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

Protects and improves the water quality of Boone Lake.

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Provided by the organization

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1 program · $146K · in their own filed words · FY2022
01

Maintain the safety, water quality, and cleanliness of boone lake located in northeast tennessee.

$146Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
Donor Advised Charitable Giving INCFY2023$9K
Total grants receivedfrom 1 funder$9K

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$191K
Ln 12
Gifts and grantsLn 1h$187K
Other incomeLn 4–11$4K
Investment incomeLn 3$9
Money outPt IX
$152K
Ln 25
Programscol B$146K
Managementcol C$6K
Owns and owesPt X
$358K
net assets · Ln 32
Cash and savingsLn 1–2$160K
Total assetsLn 16$358K
LiabilitiesLn 26$216
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$187K
Government grantsLn 1e$46K
Noncash giftsLn 1g$27K
Investment incomeLn 3$9
Other incomeLn 4–11$4K
Total revenueLn 12$191K
Assets in detailPt X, end of year
CashLn 1$160K
Cash and savings togetherLn 1–2$160K
Land, buildings, equipmentLn 10c$198K
Total assetsLn 16$358K
LiabilitiesLn 26$216
Net assetsLn 32$358K
OperationsPt I, VI
EmployeesI 57
VolunteersI 612
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 FY22End FY22
Cash and savingsLn 1–2$239K$160K
Land, buildings, equipmentLn 10c$86K$198K
Total assetsLn 16$325K$358K
LiabilitiesLn 26$2K$216
Net assetsLn 32$324K$358K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$67K$67K
Payroll taxesLn 10$6K$6K
Accounting feesLn 11c$1K$1K
Other fees for servicesLn 11g$1K$1K
Advertising and promotionLn 12$689$689
Depreciation, depletion and amortizationLn 22$18K$18K
InsuranceLn 23$6K$5K$1K
Other expenses (24a–d)Ln 24$38K$36K$2K
All other expensesLn 24e$15K$12K$2K
Total functional expensesLn 25$152K$146K$6K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $249K$302K−$52K$360K 990 PDF
FY2024 $218K$246K−$28K$374K 990 PDF
FY2023 $192K$192K$701$370K 990 PDF
FY2022 Viewing $191K$152K$38K$358K 990 PDF
FY2021 $112K$102K$10K$324K 990 PDF
FY2020 $273K$99K$174K$315K 990 PDF
FY2019 $78K$116K 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 FY2022 990 (6 parts)
Part I · Summary $190,840 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $112,074$187,186
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $10$9
I-11 Other revenuePrior year $0$3,645
I-12 Total revenuePrior year $112,084$190,840
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 $57,350$72,525
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $45,075$79,966
I-18 Total expensesPrior year $102,425$152,491
I-19 Revenue less expensesPrior year $9,659$38,349
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 $190,840 across 7 lines filed
VIII-1e Government grants$46,000
VIII-1f All other contributions, gifts and grants$141,186
VIII-1g Noncash contributions (included above)$26,762
VIII-1h Total contributions, gifts and grants$187,186
VIII-3 Investment incomeExcluded from tax $9$9
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,645$3,645
VIII-12 Total revenueRelated to mission $3,645 · Unrelated business $0 · Excluded from tax $9$190,840
Part IX · Statement of functional expenses $152,491 across 9 lines filed
IX-7 Other salaries and wagesPrograms $66,617$66,617
IX-10 Payroll taxesPrograms $5,908$5,908
IX-11c Accounting feesManagement $1,000$1,000
IX-11g Other fees for servicesPrograms $1,415$1,415
IX-12 Advertising and promotionPrograms $689$689
IX-22 Depreciation, depletion and amortizationPrograms $18,106$18,106
IX-23 InsurancePrograms $5,249 · Management $1,228$6,477
IX-24 Other expenses (24a–d)Programs $35,785 · Management $1,982$37,767
IX-24e All other expensesPrograms $12,327 · Management $2,185$14,512
IX-25 Total functional expensesPrograms $146,096 · Management $6,395 · Fundraising $0$152,491
Part X · Balance sheet $358,476 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $239,395$160,102
X-10c Land, buildings and equipment, netStart of year $85,932$198,374
X-16 Total assetsStart of year $325,327$358,476
X-17 Accounts payable and accrued expensesStart of year $1,700$216
X-26 Total liabilitiesStart of year $1,700$216
X-27 Net assets without donor restrictionsStart of year $323,627$358,260
X-32 Total net assets or fund balancesStart of year $323,627$358,260
X-33 Total liabilities and net assetsStart of year $325,327$358,476
Part XI · Reconciliation of net assets $358,260 net assets at year end
XI-1 Total revenue$190,840
XI-2 Total expenses$152,491
XI-3 Revenue less expenses$38,349
XI-4 Net assets at start of year$323,627
XI-8 Prior period adjustments−$3,716
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$358,260

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

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