Boone Lake Association: FY2024 Nonprofit Profile & Form 990 (EIN 58-1574607)

Revenue by fiscal year
FY2019	$78K
FY2020	$273K
FY2021	$112K
FY2022	$191K
FY2023	$192K
FY2024	$218K
FY2025	$249K

Expenses by fiscal year
FY2019	Not on file
FY2020	$99K
FY2021	$102K
FY2022	$152K
FY2023	$192K
FY2024	$246K
FY2025	$302K

Net assets by fiscal year
FY2019	$116K
FY2020	$315K
FY2021	$324K
FY2022	$358K
FY2023	$370K
FY2024	$374K
FY2025	$360K

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

98 cents of each dollar spent went to programs.

98%

Program services 98% · $240K Management & general 2% · $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

8 people listed on the 990.

Part VII, Section A · reportable compensation

Frank Hahne

President

$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

Laurie Spring

Board Member

$0Pt VII · Sec A

Janice Sizemore

Board Member

$0Pt VII · Sec A

Karen Stigall

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 · $240K · in their own filed words · FY2024

01

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

$240Kprogram 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 FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$218K

Ln 12

Gifts and grantsLn 1h$205K

Investment incomeLn 3$9K

Fees for servicesLn 2g$4K

Money outPt IX

$246K

Ln 25

Programscol B$240K

Managementcol C$6K

Owns and owesPt X

$374K

net assets · Ln 32

Cash and savingsLn 1–2$229K

Total assetsLn 16$375K

LiabilitiesLn 26$1K

PeoplePt VI, VII

8

listed · VII A

PaidVII A0

Voting boardVI 1a8

IndependentVI 1b8

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$205K

Noncash giftsLn 1g$3K

Fees for servicesLn 2g$4K

Investment incomeLn 3$9K

Total revenueLn 12$218K

Assets in detailPt X, end of year

CashLn 1$113K

SavingsLn 2$116K

Cash and savings togetherLn 1–2$229K

Land, buildings, equipmentLn 10c$146K

Total assetsLn 16$375K

LiabilitiesLn 26$1K

Net assetsLn 32$374K

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$187K	$229K
Land, buildings, equipmentLn 10c	$184K	$146K
Total assetsLn 16	$371K	$375K
LiabilitiesLn 26	$927	$1K
Net assetsLn 32	$370K	$374K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$93K	$93K
Payroll taxesLn 10	$7K	$7K
Accounting feesLn 11c	$1K		$1K
Other fees for servicesLn 11g	$6K	$6K
Advertising and promotionLn 12	$1K	$1K
TravelLn 17	$478		$478
Conferences, conventions and meetingsLn 19	$684		$684
Depreciation, depletion and amortizationLn 22	$37K	$37K
InsuranceLn 23	$6K	$5K	$990
Other expenses (24a–d)Ln 24	$62K	$60K	$2K
All other expensesLn 24e	$31K	$30K	$1K
Total functional expensesLn 25	$246K	$240K	$6K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$249K	$302K	−$52K	$360K	990 PDF
FY2024 Viewing	$218K	$246K	−$28K	$374K	990 PDF
FY2023	$192K	$192K	$701	$370K	990 PDF
FY2022	$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 R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2024 990 (6 parts)

Part I · Summary $217,702 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $185,658$204,926

I-9 Program service revenuePrior year $4,000$4,000

I-10 Investment incomePrior year $1,738$8,776

I-11 Other revenuePrior year $932$0

I-12 Total revenuePrior year $192,328$217,702

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 $86,425$100,337

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $105,202$145,712

I-18 Total expensesPrior year $191,627$246,049

I-19 Revenue less expensesPrior year $701−$28,347

Part VI · Governance 8 of 8 board members independent, 4 to look at

VI-1a Voting members of the governing body8

VI-1b Independent voting members8

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 $217,702 across 6 lines filed

VIII-1f All other contributions, gifts and grants$204,926

VIII-1g Noncash contributions (included above)$3,003

VIII-1h Total contributions, gifts and grants$204,926

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,000$4,000

VIII-3 Investment incomeExcluded from tax $8,776$8,776

VIII-12 Total revenueRelated to mission $4,000 · Unrelated business $0 · Excluded from tax $8,776$217,702

Part IX · Statement of functional expenses $246,049 across 11 lines filed

IX-7 Other salaries and wagesPrograms $93,091$93,091

IX-10 Payroll taxesPrograms $7,246$7,246

IX-11c Accounting feesManagement $1,100$1,100

IX-11g Other fees for servicesPrograms $5,748$5,748

IX-12 Advertising and promotionPrograms $1,478$1,478

IX-17 TravelManagement $478$478

IX-19 Conferences, conventions and meetingsManagement $684$684

IX-22 Depreciation, depletion and amortizationPrograms $37,435$37,435

IX-23 InsurancePrograms $5,462 · Management $990$6,452

IX-24 Other expenses (24a–d)Programs $59,929 · Management $1,741$61,670

IX-24e All other expensesPrograms $29,601 · Management $1,066$30,667

IX-25 Total functional expensesPrograms $239,990 · Management $6,059 · Fundraising $0$246,049

Part X · Balance sheet $374,846 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $187,107$112,742

X-2 Savings and temporary cash investments$115,812

X-10c Land, buildings and equipment, netStart of year $183,727$146,292

X-16 Total assetsStart of year $370,834$374,846

X-17 Accounts payable and accrued expensesStart of year $927$1,089

X-26 Total liabilitiesStart of year $927$1,089

X-27 Net assets without donor restrictionsStart of year $369,907$373,757

X-32 Total net assets or fund balancesStart of year $369,907$373,757

X-33 Total liabilities and net assetsStart of year $370,834$374,846

Part XI · Reconciliation of net assets $373,757 net assets at year end

XI-1 Total revenue$217,702

XI-2 Total expenses$246,049

XI-3 Revenue less expenses−$28,347

XI-4 Net assets at start of year$369,907

XI-6 Donated services and use of facilities$32,197

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$373,757

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

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Boone Lake Association FY2024 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Boone Lake Association

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV