Civic Intelligence

Lake Stockholm Water Systems Inc

EIN 22-2787797 • 501(c)12 • Stockholm, NJ

Profile

Operate small water system providing safe drinking water.

PO Box 124Stockholm, NJ 07460
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

92nd percentile

0.69x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)12 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

99th percentile

9.96x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)12 • $500k-$1M nonprofits • Source year 2024

Net Margin

19th percentile

-17%

Higher net margin than 19% of similar nonprofits.

501(c)12 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

79th percentile

$3,900

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 7.8% of source-year revenue.

501(c)12 • $500k-$1M nonprofits • Source year 2024

Asset Growth

99th percentile

214%

Faster asset growth than 99% of similar nonprofits.

501(c)12 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

20th percentile

-8.5%

Faster revenue growth than 20% of similar nonprofits.

501(c)12 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$715,359

Up $487,809 (+214%) from 2023

Liabilities

Up

$496,322

Up $496,322 from 2023

Net Assets

Down

$219,037

Down $8,513 (-3.7%) from 2023

Revenue

Down

$49,832

Down $4,607 (-8.5%) from 2023

Expenses

Up

$58,345

Up $13,371 (+30%) from 2023

Net Income

Down

-$8,513

Down $17,978 (-190%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2011: $133,801Liabilities 2011: $02011Assets 2012: $125,423Liabilities 2012: $02012Assets 2013: $131,930Liabilities 2013: $02013Assets 2014: $166,698Liabilities 2014: $02014Assets 2015: $189,715Liabilities 2015: $02015Assets 2016: $219,805Liabilities 2016: $02016Assets 2017: $227,330Liabilities 2017: $02017Assets 2018: $225,200Liabilities 2018: $02018Assets 2020: $231,916Liabilities 2020: $02020Assets 2021: $224,286Liabilities 2021: $0Net Assets 2021: $224,2862021Assets 2022: $218,085Liabilities 2022: $0Net Assets 2022: $218,0852022Assets 2023: $227,550Liabilities 2023: $0Net Assets 2023: $227,5502023Assets 2024: $715,359Liabilities 2024: $496,322Net Assets 2024: $219,0372024

Highlighted filing

2024

Assets$715,359
Liabilities$496,322
Net Assets$219,037

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50KRevenue 2011: $47,296Expenses 2011: $49,714Net Income 2011: -$2,4182011Revenue 2012: $45,248Expenses 2012: $53,626Net Income 2012: -$8,3782012Revenue 2013: $46,974Expenses 2013: $40,467Net Income 2013: $6,5072013Revenue 2014: $81,577Expenses 2014: $46,809Net Income 2014: $34,7682014Revenue 2015: $69,826Expenses 2015: $46,809Net Income 2015: $23,0172015Revenue 2016: $67,689Expenses 2016: $37,599Net Income 2016: $30,0902016Revenue 2017: $46,993Expenses 2017: $39,468Net Income 2017: $7,5252017Revenue 2018: $41,794Expenses 2018: $43,924Net Income 2018: -$2,1302018Revenue 2020: $53,927Expenses 2020: $46,581Net Income 2020: $7,3462020Revenue 2021: $45,841Expenses 2021: $53,471Net Income 2021: -$7,6302021Revenue 2022: $49,072Expenses 2022: $55,273Net Income 2022: -$6,2012022Revenue 2023: $54,439Expenses 2023: $44,974Net Income 2023: $9,4652023Revenue 2024: $49,832Expenses 2024: $58,345Net Income 2024: -$8,5132024

Highlighted filing

2024

Revenue$49,832
Expenses$58,345
Net Income-$8,513

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 29, 2025
Return Version
2024v5.0
Gross Receipts
$49,832
Mission and Program Overview

Mission

Operate small water system providing safe drinking water.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$190,587$661,999▲ $471,412
Savings and Temporary Cash Investments$36,813$53,210▲ $16,397
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Investments in Publicly Traded Securities$0--
Intangible Assets$0--
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$227,550$715,359▲ $487,809
Other Assets Total$150$150→ $0
Liabilities
Unsecured Notes Loans Payable$0$496,322▲ $496,322
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Other Liabilities$0--
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$496,322▲ $496,322
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$227,550$219,037▼ $8,513
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$227,550$219,037▼ $8,513
Total Liabilities and Net Assets / Fund Balance$227,550$715,359▲ $487,809

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$121,495$40,400$0
Other Land Buildings$540,504$0$0
Land$0-$0
Equipment$0$0$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Steve PospiechTrustee and Licensed OperatorPT$3,900$3,900
Jessica ReyTreasurerPT$3,600$3,600

Board Members and Trustees

NameTitle
John W Clark JrPresident
Frank LacetenaVice President
Adam DelellisTrustee
Kevin ReyTrustee
Kyle SchymuraTrustee
Suzanne ClarkTrustee
Bertha ToddRecording Secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
DeMaio Electrical Co IncConstructionPO Box 5907, Hillsborough, NJ 08844$355,333
CP EngineersEngineering11 Park Lake Road, Sparta, NJ 07871$104,639
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$49,166
Investment Income
$666
Other Revenue
$0
Change in Net Assets
$-8,513
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$50,845
Salaries, Compensation, and Employee Benefits$7,500
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$18,079$0$0$18,079
Depreciation Depletion$8,100$0$0$8,100
Current Officers, Directors, Trustees, and Key Employees$3,900$3,600$0$7,500
Other Expenses$7,129$0$0$7,129
Insurance$0$6,095$0$6,095
Office Expenses$0$2,523$0$2,523
Fees for Services Accounting$0$100$0$100
Total Functional Expenses$46,027$12,318$0$58,345
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Two married couples, all residents of Lake Stockholm, serve on the board.

Form 990, Part VI, Section A, Line 6

All owners of properties with water supplied by Lake Stockholm Systems, Inc. are considered members.

Form 990, Part VI, Section A, Line 7A

All owners of property with water supplied by Lake Stockholm Systems, Inc. are considered members and can vote in board elections.

Form 990, Part VI, Section B, Line 11B

Board members have access to 990 EZ and 990 tax returns as filed.

Form 990, Part VI, Section B, Line 15

Any and all compensation is reviewed and approved by the board of trustees and must be within the organization's budget as approved by the members.

Form 990, Part VI, Section C, Line 19

All members receive a copy of the by-laws, the annual results of operations and annual budget.

Filing and Contact Details

Filer

Filer Name
Lake Stockholm Water Systems Inc
EIN
22-2787797
Phone
9732088860
Address
PO Box 124, Stockholm, NJ 07460

Signing Officer

Name
John Clark
Title
President
Phone
9732088860
Signed
2025-04-29

Organization Details

Principal Officer
John W Clark Jr
Formed
1952
Legal Domicile
Nj
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
7
Supplemental Narrative

Financial Statement Notes

Schedule D, Part IV, Line 1E

Consists of Construction in Progress.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherExpensesGrp/Desc0Water sample testing
IRS990/OtherExpensesGrp/Desc1State taxes on water systems
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt08819
IRS990/OtherExpensesGrp/ProgramServicesAmt17129
IRS990/OtherExpensesGrp/TotalAmt08819
IRS990/OtherExpensesGrp/TotalAmt17129
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OtherSourcesGrossIncomeAmt0666
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0John W Clark Jr
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221300
IRS990/ProgramServiceRevenueGrp/Desc0Provided safe drinking water to 99 families living at Lake Stockholm, NJ
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt049166
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt049166
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgSrvcAccomActy2Grp/Desc0Not applicable
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt00
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0Not Applicable
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt00
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYInvestmentIncomeAmt0255
IRS990/PYOtherExpensesAmt038974
IRS990/PYProgramServiceRevenueAmt054184
IRS990/PYRevenuesLessExpensesAmt09465
IRS990/PYSalariesCompEmpBnftPaidAmt06000
IRS990/PYTotalExpensesAmt044974
IRS990/PYTotalRevenueAmt054439
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-8513
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt049166
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt036813
IRS990/SavingsAndTempCashInvstGrp/EOYAmt053210
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0121495
IRS990ScheduleD/BuildingsGrp/DepreciationAmt040400
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0161895
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt00
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0540504
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0540504
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Consists of Construction in Progress.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part IV, Line 1e
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0661999
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Two married couples, all residents of Lake Stockholm, serve on the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All owners of properties with water supplied by Lake Stockholm Systems, Inc. are considered members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All owners of property with water supplied by Lake Stockholm Systems, Inc. are considered members and can vote in board elections.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Board members have access to 990 EZ and 990 tax returns as filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Any and all compensation is reviewed and approved by the board of trustees and must be within the organization's budget as approved by the members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5All members receive a copy of the by-laws, the annual results of operations and annual budget.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0227550
IRS990/TotalAssetsEOYAmt0715359
IRS990/TotalAssetsGrp/BOYAmt0227550
IRS990/TotalAssetsGrp/EOYAmt0715359
IRS990/TotalCompGreaterThan150KInd00

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