Swallow Lake Association INC

Bedford, NYUnknown exempt organization EIN 90-1919098Revenue $25K in FY2022Latest return filed May 13, 2023

On file with the IRS477 Pound Ridge Rd · Bedford, NY

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Maintain common property and Lake for the Swallow Lake Association residents.

96¢ of each $1 spent went to programs.
Run by 4 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
22 mo
of spending, in cash
Looks good: 21.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$25K
Spent
$19K
To programs
96%
Net assets
$35K

From the FY2022 Form 990 (year ending October 2022) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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% · $18K Management & general 4% · $791

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

2 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Swallow Lake Association INC 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 property and the lake for residents.

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Provided by the organization

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1 program · $18K · in their own filed words · FY2021
01

Maintain common property and lake for the swallow lake association residents

$18Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$25K
Ln 12
Gifts and grantsLn 1h$25K
Money outPt IX
$19K
Ln 25
Programscol B$18K
Managementcol C$791
Owns and owesPt X
$35K
net assets · Ln 32
Cash and savingsLn 1–2$35K
Total assetsLn 16$35K
LiabilitiesLn 26$0
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$25K
Total revenueLn 12$25K
Assets in detailPt X, end of year
CashLn 1$35K
Cash and savings togetherLn 1–2$35K
Total assetsLn 16$35K
LiabilitiesLn 26$0
Net assetsLn 32$35K
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderOctober
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$29K$35K
Total assetsLn 16$29K$35K
LiabilitiesLn 26$0$0
Net assetsLn 32$29K$35K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$770$0$770$0
Other expenses (24a–d)Ln 24$18K$18K$21$0
Total functional expensesLn 25$19K$18K$791$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest ViewingFiled with the IRS May 13, 2023 $25K$19K$6K$35K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $25,000 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $25,000$25,000
I-9 Program service revenuePrior year $0$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $25,000$25,000
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $14,313$19,068
I-18 Total expensesPrior year $14,313$19,068
I-19 Revenue less expensesPrior year $10,687$5,932
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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 $25,000 across 4 lines filed
VIII-1b Membership dues$25,000
VIII-1h Total contributions, gifts and grants$25,000
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$25,000
Part IX · Statement of functional expenses $19,068 across 2 lines filed
IX-11c Accounting feesPrograms $0 · Management $770 · Fundraising $0$770
IX-24 Other expenses (24a–d)Programs $18,277 · Management $21 · Fundraising $0$18,298
IX-25 Total functional expensesPrograms $18,277 · Management $791 · Fundraising $0$19,068
Part X · Balance sheet $34,735 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $28,803$34,735
X-16 Total assetsStart of year $28,803$34,735
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $28,803$34,735
X-33 Total liabilities and net assetsStart of year $28,803$34,735
Part XI · Reconciliation of net assets $34,735 net assets at year end
XI-1 Total revenue$25,000
XI-2 Total expenses$19,068
XI-3 Revenue less expenses$5,932
XI-4 Net assets at start of year$28,803
XI-10 Net assets at end of year$34,735

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

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