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Serrano Highlands Master Association FY2021 filing

Not tax-deductible

Lake Forest, CA501(c)(4)HousingEIN 95-3833670Revenue $537K in FY2021

On file with the IRS25531 Commercentre Drive, 92630-8873 · Lake Forest, CATax-exempt since Jan 2003

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Maintain community areas

80¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
1 of 5
filings with a surplus
Average deficit $37K a year · 6% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 10.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$77K
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$537K
Spent
$553K
To programs
80%
Net assets
$412K
By yearFY2021–FY2025
Revenue
$537K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$537K
FY2022$571K
FY2023$591K
FY2024$640K
FY2025$735K
Expenses
$553K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$553K
FY2022$567K
FY2023$630K
FY2024$657K
FY2025$850K
Net assets
$412K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$412K
FY2022$410K
FY2023$362K
FY2024$336K
FY2025$233K

From the FY2021 Form 990 (year ending October 2021) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 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 Jan 2003.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $445K Management & general 20% · $108K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Sharon Holmes
Member-At-La
$0Pt VII · Sec A
$0Pt VII · Sec A
Leif Ranestad
Treasurer
$0Pt VII · Sec A
Ralph Sugg
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
See Serrano Highlands Master 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

Serrano Highlands Master Association is a membership association based in Lake Forest, CA.

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Provided by the organization

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1 program · $445K · in their own filed words · FY2020
01

Serrano highlands master association maintains greenbelts, slopes, and park areas for over 919 community members for use year round.

$445Kprogram expense

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$537K
Ln 12
Fees for servicesLn 2g$523K
Other incomeLn 4–11$10K
Investment incomeLn 3$4K
Money outPt IX
$553K
Ln 25
Programscol B$445K
Managementcol C$108K
Owns and owesPt X
$412K
net assets · Ln 32
Cash and savingsLn 1–2$467K
Total assetsLn 16$489K
LiabilitiesLn 26$77K
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$523K
Investment incomeLn 3$4K
Other incomeLn 4–11$10K
Total revenueLn 12$537K
Assets in detailPt X, end of year
CashLn 1$54K
SavingsLn 2$414K
Cash and savings togetherLn 1–2$467K
Other assetsLn 15$890
Total assetsLn 16$489K
LiabilitiesLn 26$77K
Net assetsLn 32$412K
OperationsPt I, VI
EmployeesI 50
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 FY21End FY21
Cash and savingsLn 1–2$474K$467K
Total assetsLn 16$490K$489K
LiabilitiesLn 26$63K$77K
Net assetsLn 32$427K$412K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$54K$54K
Legal feesLn 11b$12K$12K
Accounting feesLn 11c$2K$2K
Office expensesLn 13$30K$30K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$426K$426K
All other expensesLn 24e$22K$18K$4K
Total functional expensesLn 25$553K$445K$108K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $735K$850K−$115K$233K 990 PDF
FY2024 $640K$657K−$17K$336K 990 PDF
FY2023 $591K$630K−$39K$362K 990 PDF
FY2022 $571K$567K$4K$410K 990 PDF
FY2021 Viewing $537K$553K−$16K$412K 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 FY2021 990 (6 parts)
Part I · Summary $536,838 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $515,031$522,667
I-10 Investment incomePrior year $7,837$3,999
I-11 Other revenuePrior year $5,218$10,172
I-12 Total revenuePrior year $528,086$536,838
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 $512,111$552,973
I-18 Total expensesPrior year $512,111$552,973
I-19 Revenue less expensesPrior year $15,975−$16,135
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 $536,838 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $522,667$522,667
VIII-3 Investment incomeExcluded from tax $3,999$3,999
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $10,172$10,172
VIII-12 Total revenueRelated to mission $532,839 · Excluded from tax $3,999$536,838
Part IX · Statement of functional expenses $552,973 across 7 lines filed
IX-11a Management feesManagement $53,800$53,800
IX-11b Legal feesManagement $11,826$11,826
IX-11c Accounting feesManagement $1,770$1,770
IX-13 Office expensesManagement $30,302$30,302
IX-23 InsuranceManagement $6,912$6,912
IX-24 Other expenses (24a–d)Programs $426,451$426,451
IX-24e All other expensesPrograms $18,244 · Management $3,668$21,912
IX-25 Total functional expensesPrograms $444,695 · Management $108,278 · Fundraising $0$552,973
Part X · Balance sheet $488,705 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $61,556$53,658
X-2 Savings and temporary cash investmentsStart of year $411,983$413,629
X-4 Accounts receivableStart of year $9,658$11,382
X-9 Prepaid expenses and deferred chargesStart of year $4,981$9,146
X-15 Other assetsStart of year $1,852$890
X-16 Total assetsStart of year $490,030$488,705
X-17 Accounts payable and accrued expensesStart of year $15,254$18,272
X-19 Deferred revenueStart of year $31,028$49,255
X-25 Other liabilitiesStart of year $16,408$9,009
X-26 Total liabilitiesStart of year $62,690$76,536
X-27 Net assets without donor restrictionsStart of year $19,319−$526
X-28 Net assets with donor restrictionsStart of year $408,021$412,695
X-32 Total net assets or fund balancesStart of year $427,340$412,169
X-33 Total liabilities and net assetsStart of year $490,030$488,705
Part XI · Reconciliation of net assets $412,169 net assets at year end
XI-1 Total revenue$536,838
XI-2 Total expenses$552,973
XI-3 Revenue less expenses−$16,135
XI-4 Net assets at start of year$427,340
XI-9 Other changes in net assets$964
XI-10 Net assets at end of year$412,169

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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