Lakes Master Association INC: FY2024 Nonprofit Profile & Form 990 (EIN 74-2350796)

Revenue by fiscal year
FY2020	$180K
FY2021	$213K
FY2022	$211K
FY2023	$190K
FY2024	$205K
FY2025	$205K

Expenses by fiscal year
FY2020	$202K
FY2021	$230K
FY2022	$216K
FY2023	$233K
FY2024	$191K
FY2025	$204K

Net assets by fiscal year
FY2020	$177K
FY2021	$159K
FY2022	$154K
FY2023	$112K
FY2024	$126K
FY2025	$127K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1991.

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

Where the money goes

61 cents of each dollar spent went to programs.

61%

39%

Program services 61% · $117K Management & general 39% · $74K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation

Oscar Saenz

Director

$0Pt VII · Sec A

Carol Blackmar

Director

$0Pt VII · Sec A

Robby Nash

President

$0Pt VII · Sec A

Jonathan Cloutet

Vice President

$0Pt VII · Sec A

Virgil Gomez

Treas/Secr

$0Pt VII · Sec A

See Lakes Master Association INC executive salaries →

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

Supports 452 homeowners and the local community through association services.

Questions for Lakes Master Association INC

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1 program · $117K · in their own filed words · FY2024

01

The lakes master association, inc. Is responsible for the maintenance and management of the common and recreational areas of the lakes subdivision. The subdivision serves 452 homeowners of the subdivision and the local community.

$117Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$205K

Ln 12

Fees for servicesLn 2g$202K

Investment incomeLn 3$3K

Money outPt IX

$191K

Ln 25

Programscol B$117K

Managementcol C$74K

Owns and owesPt X

$126K

net assets · Ln 32

Cash and savingsLn 1–2$107K

Total assetsLn 16$126K

LiabilitiesLn 26$0

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a5

IndependentVI 1b5

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$202K

Investment incomeLn 3$3K

Total revenueLn 12$205K

Assets in detailPt X, end of year

CashLn 1$87K

SavingsLn 2$21K

Cash and savings togetherLn 1–2$107K

Land, buildings, equipmentLn 10c$19K

Total assetsLn 16$126K

LiabilitiesLn 26$0

Net assetsLn 32$126K

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

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	$92K	$107K
Land, buildings, equipmentLn 10c	$20K	$19K
Total assetsLn 16	$112K	$126K
LiabilitiesLn 26	$403	$0
Net assetsLn 32	$112K	$126K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$69K	$22K	$47K
Payroll taxesLn 10	$8K	$2K	$6K
Legal feesLn 11b	$890		$890
Accounting feesLn 11c	$8K		$8K
Depreciation, depletion and amortizationLn 22	$1K	$1K
InsuranceLn 23	$16K	$16K
Other expenses (24a–d)Ln 24	$83K	$76K	$7K
All other expensesLn 24e	$5K		$5K
Total functional expensesLn 25	$191K	$117K	$74K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 LatestFiled with the IRS Apr 8, 2026	$205K	$204K	$1K	$127K	990 PDF
FY2024 ViewingFiled with the IRS Aug 28, 2025	$205K	$191K	$14K	$126K	990 PDF
FY2023Filed with the IRS Nov 6, 2024	$190K	$233K	−$42K	$112K	990 PDF
FY2022Filed with the IRS Nov 13, 2023	$211K	$216K	−$5K	$154K	990 PDF
FY2021Filed with the IRS Nov 14, 2022	$213K	$230K	−$17K	$159K	990 PDF
FY2020Filed with the IRS May 7, 2021	$180K	$202K	−$22K	$177K	990 PDF

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 $205,383 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $189,880$202,421

I-10 Investment incomePrior year $307$2,962

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $190,187$205,383

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 $88,205$76,654

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

I-17 Other expensesPrior year $144,322$114,653

I-18 Total expensesPrior year $232,527$191,307

I-19 Revenue less expensesPrior year −$42,340$14,076

Part VI · Governance 5 of 5 board members independent, 4 to look at

VI-1a Voting members of the governing body5

VI-1b Independent voting members5

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 $205,383 across 3 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $202,421$202,421

VIII-3 Investment incomeRelated to mission $2,962$2,962

VIII-12 Total revenueRelated to mission $205,383 · Unrelated business $0 · Excluded from tax $0$205,383

Part IX · Statement of functional expenses $191,307 across 8 lines filed

IX-7 Other salaries and wagesPrograms $21,923 · Management $47,007$68,930

IX-10 Payroll taxesPrograms $2,172 · Management $5,552$7,724

IX-11b Legal feesManagement $890$890

IX-11c Accounting feesManagement $8,250$8,250

IX-22 Depreciation, depletion and amortizationPrograms $1,293$1,293

IX-23 InsurancePrograms $15,971$15,971

IX-24 Other expenses (24a–d)Programs $75,906 · Management $7,272$83,178

IX-24e All other expensesManagement $5,071$5,071

IX-25 Total functional expensesPrograms $117,265 · Management $74,042 · Fundraising $0$191,307

Part X · Balance sheet $125,880 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $71,625$86,591

X-2 Savings and temporary cash investmentsStart of year $20,687$20,687

X-10c Land, buildings and equipment, netStart of year $19,895$18,602

X-16 Total assetsStart of year $112,207$125,880

X-26 Total liabilitiesStart of year $403$0

X-27 Net assets without donor restrictionsStart of year $111,804$125,880

X-32 Total net assets or fund balancesStart of year $111,804$125,880

X-33 Total liabilities and net assetsStart of year $112,207$125,880

Part XI · Reconciliation of net assets $125,880 net assets at year end

XI-1 Total revenue$205,383

XI-2 Total expenses$191,307

XI-3 Revenue less expenses$14,076

XI-4 Net assets at start of year$111,804

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$125,880

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

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Lakes Master Association INC 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 Lakes Master Association INC

By the numbers

Filing history

Schedules filed Part IV