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Mount Massive Lakes INC

Not tax-deductible

Leadville, CO501(c)(7)Since 1935Mutual / membership EIN 84-0272920Revenue $632K in FY2026Latest return filed May 18, 2026

On file with the IRSmountmassivelakes.orgLeadville, COTax-exempt since Jan 1936

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Mount Massive Lakes INC is a private fishing club. We provide fishing on 22 Lakes for the benefit of 150 members and their guests. We purchase or raise from eggs all fishcaught.

Form 990 Part I, line 1, FY2026. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 84-0272920) · Dispute this line
501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
100¢ of each $1 spent went to programs.
Run by 35 volunteers and 5 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2026 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2026
latest Form 990
The latest return is for FY2026, this tax year.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $70K a year · 14% of revenue · last 6 filings
A surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
10.7 mo
of spending, in cash
10.7 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
7
of 7 voting members
7 of 7 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$632K
+29% vs prior year
Spent
$448K
To programs
100%
Net assets
$1.2M
By yearFY2021–FY2026
Revenue
$632K
FY2026▲ +29%
Tap a bar for its year
Revenue by fiscal year
FY2021$463K
FY2022$427K
FY2023$457K
FY2024$504K
FY2025$490K
FY2026$632K
Expenses
$448K
FY2026▼ -0.8%
Tap a bar for its year
Expenses by fiscal year
FY2021$392K
FY2022$384K
FY2023$423K
FY2024$456K
FY2025$452K
FY2026$448K
Net assets
$1.2M
FY2026▲ +19%
Tap a bar for its year
Net assets by fiscal year
FY2021$806K
FY2022$849K
FY2023$883K
FY2024$930K
FY2025$988K
FY2026$1.2M

From the FY2026 Form 990 (year ending April 2026) · 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: FY2026. IRS ruling in Jan 1936.

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% · $448K

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

Something off? Claim to add context

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
Joe Angleson
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Mount Massive Lakes 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 15aYes

Programs and updates

Provides fishing on 22 lakes for 150 members and guests, raising all fish caught.

Questions for Mount Massive Lakes INC

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1 program · $448K · in their own filed words · FY2025
01

All revenue shown in part viii is used to pay the expenses shown in part ix. All the revenue and expenses are used for the mission on line 1 above-to provide fishing for its 150 members and guests.

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 84-0272920) · Dispute this line
$448Kprogram expense

By the numbers

The FY2026 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$632K
Ln 12
Fees for servicesLn 2g$486K
Gifts and grantsLn 1h$84K
Other incomeLn 4–11$42K
Money outPt IX
$448K
Ln 25
Programscol B$448K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$400K
Total assetsLn 16$1.2M
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$84K
Government grantsLn 1e$84K
Fees for servicesLn 2g$486K
Investment incomeLn 3$20K
Other incomeLn 4–11$42K
Total revenueLn 12$632K
Assets in detailPt X, end of year
CashLn 1$15K
SavingsLn 2$385K
Cash and savings togetherLn 1–2$400K
Land, buildings, equipmentLn 10c$475K
Other assetsLn 15$298K
Total assetsLn 16$1.2M
LiabilitiesLn 26$0
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 55
VolunteersI 635
Fiscal year endsHeaderApril
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 FY26End FY26
Cash and savingsLn 1–2$355K$400K
Land, buildings, equipmentLn 10c$335K$475K
Total assetsLn 16$988K$1.2M
LiabilitiesLn 26$0$0
Net assetsLn 32$988K$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$180K$180K
Pension plan contributionsLn 8$10K$10K
Other employee benefitsLn 9$35K$35K
Payroll taxesLn 10$15K$15K
Accounting feesLn 11c$2K$2K
Office expensesLn 13$2K$2K
Depreciation, depletion and amortizationLn 22$29K$29K
InsuranceLn 23$21K$21K
Other expenses (24a–d)Ln 24$45K$45K
All other expensesLn 24e$109K$109K
Total functional expensesLn 25$448K$448K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest ViewingFiled with the IRS May 18, 2026 $632K$448K$184K$1.2M 990 PDF
FY2025Filed with the IRS May 20, 2025 $490K$452K$38K$988K 990 PDF
FY2024Filed with the IRS Sep 11, 2024 $504K$456K$47K$930K 990 PDF
FY2023Filed with the IRS Aug 7, 2023 $457K$423K$34K$883K 990 PDF
FY2022Filed with the IRS Aug 11, 2022 $427K$384K$43K$849K 990 PDF
FY2021Filed with the IRS Sep 9, 2021 $463K$392K$72K$806K 990 PDF

Schedules filed Part IV

D · Assets and endowments O · Explanations
See the full FY2026 990
Part I · Summary $632,334 revenue, 12 lines filed
I-8 Contributions and grants$84,100
I-9 Program service revenuePrior year $466,915$486,435
I-10 Investment incomePrior year $18,477$19,609
I-11 Other revenuePrior year $4,125$42,190
I-12 Total revenuePrior year $489,517$632,334
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $213,797$239,890
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $238,220$208,429
I-18 Total expensesPrior year $452,017$448,319
I-19 Revenue less expensesPrior year $37,500$184,015
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $632,334 across 8 lines filed
VIII-1e Government grants$84,100
VIII-1h Total contributions, gifts and grants$84,100
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $486,435$486,435
VIII-3 Investment incomeRelated to mission $19,609$19,609
VIII-6 Net rental income or lossUnrelated business $12,981$12,981
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $29,209$29,209
VIII-12 Total revenueRelated to mission $535,253 · Unrelated business $12,981 · Excluded from tax $0$632,334
Part IX · Statement of functional expenses $448,319 across 10 lines filed
IX-7 Other salaries and wagesPrograms $179,772$179,772
IX-8 Pension plan contributionsPrograms $10,000$10,000
IX-9 Other employee benefitsPrograms $34,669$34,669
IX-10 Payroll taxesPrograms $15,449$15,449
IX-11c Accounting feesPrograms $2,441$2,441
IX-13 Office expensesPrograms $1,919$1,919
IX-22 Depreciation, depletion and amortizationPrograms $28,921$28,921
IX-23 InsurancePrograms $21,122$21,122
IX-24 Other expenses (24a–d)Programs $44,586$44,586
IX-24e All other expensesPrograms $109,440$109,440
IX-25 Total functional expensesPrograms $448,319 · Management $0 · Fundraising $0$448,319
Part X · Balance sheet $1,172,012 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $4,428$14,798
X-2 Savings and temporary cash investmentsStart of year $350,895$385,136
X-10c Land, buildings and equipment, netStart of year $335,174$474,578
X-15 Other assetsStart of year $297,500$297,500
X-16 Total assetsStart of year $987,997$1,172,012
X-26 Total liabilitiesStart of year $0$0
X-29 Capital stock or trust principalStart of year $5,000$5,000
X-31 Retained earnings or endowmentStart of year $982,997$1,167,012
X-32 Total net assets or fund balancesStart of year $987,997$1,172,012
X-33 Total liabilities and net assetsStart of year $987,997$1,172,012
Part XI · Reconciliation of net assets $1,172,012 net assets at year end
XI-1 Total revenue$632,334
XI-2 Total expenses$448,319
XI-3 Revenue less expenses$184,015
XI-4 Net assets at start of year$987,997
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,172,012

Form 990 e-file FY2026 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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