Civic Intelligence

Lake Tippecanoe Property Owners Inc

EIN 31-1105800 • 501(c)3 • Leesburg, IN

Profile

Preservation of wetlands in cooperation with the nature conservancy as a means of keeping natural habitat for wildlife. Preserve & protect the ecology; encourage only those uses of property around the lake that will produce a positive impression and a positive environmental impact; to prevent dangerous, injurious or noxious conditions such as pollution, unsanitary conditions on land and water and overcrowding on land and water.

PO Box 224Leesburg, IN 46538

www.ltpo.org

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

76th percentile

22%

Higher net margin than 76% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

80th percentile

30%

Faster asset growth than 80% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

62nd percentile

7.8%

Faster revenue growth than 62% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$195,428

Up $45,118 (+30%) from 2023

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

Up

$195,428

Up $45,118 (+30%) from 2023

Revenue

Up

$201,835

Up $14,676 (+7.8%) from 2023

Expenses

Down

$156,719

Down $7,017 (-4.3%) from 2023

Net Income

Up

$45,116

Up $21,693 (+93%) from 2023

Trend Graphs

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2014: $217,015Liabilities 2014: $0Net Assets 2014: $217,0152014Assets 2015: $344,188Liabilities 2015: $107,844Net Assets 2015: $236,3442015Assets 2016: $378,119Liabilities 2016: $100,627Net Assets 2016: $277,4922016Assets 2017: $329,196Liabilities 2017: $94,594Net Assets 2017: $234,6022017Assets 2018: $288,291Liabilities 2018: $88,667Net Assets 2018: $199,6242018Assets 2019: $218,827Liabilities 2019: $82,447Net Assets 2019: $136,3802019Assets 2020: $212,734Liabilities 2020: $75,850Net Assets 2020: $136,8842020Assets 2021: $119,721Liabilities 2021: $0Net Assets 2021: $119,7212021Assets 2022: $126,886Net Assets 2022: $126,8862022Assets 2023: $150,310Net Assets 2023: $150,3102023Assets 2024: $195,428Liabilities 2024: $0Net Assets 2024: $195,4282024

Highlighted filing

2024

Assets$195,428
Liabilities$0
Net Assets$195,428

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2014: $236,243Expenses 2014: $211,120Net Income 2014: $25,1232014Revenue 2015: $315,624Expenses 2015: $296,295Net Income 2015: $19,3292015Revenue 2016: $226,925Expenses 2016: $185,777Net Income 2016: $41,1482016Revenue 2017: $157,267Expenses 2017: $200,157Net Income 2017: -$42,8902017Revenue 2018: $188,914Expenses 2018: $223,892Net Income 2018: -$34,9782018Revenue 2019: $141,596Expenses 2019: $204,840Net Income 2019: -$63,2442019Revenue 2020: $175,014Expenses 2020: $174,510Net Income 2020: $5042020Revenue 2021: $172,478Expenses 2021: $189,641Net Income 2021: -$17,1632021Revenue 2022: $186,670Expenses 2022: $179,505Net Income 2022: $7,1652022Revenue 2023: $187,159Expenses 2023: $163,736Net Income 2023: $23,4232023Revenue 2024: $201,835Expenses 2024: $156,719Net Income 2024: $45,1162024

Highlighted filing

2024

Revenue$201,835
Expenses$156,719
Net Income$45,116

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 22, 2025
Return Version
2024v5.0
Gross Receipts
$216,105
Mission and Program Overview

Mission

Preservation of wetlands in cooperation with the nature conservancy as a means of keeping natural habitat for wildlife. Preserve & protect the ecology; encourage only those uses of property around the lake that will produce a positive impression and a positive environmental impact; to prevent dangerous, injurious or noxious conditions such as pollution, unsanitary conditions on land and water and overcrowding on land and water.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$122,765$107,765▼ $15,000
Cash and Non-Interest-Bearing Accounts$12,867$76,703▲ $63,836
Land, Buildings, and Equipment, Net$14,680$10,960▼ $3,720
Total Assets$150,312$195,428▲ $45,116
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$150,312$195,428▲ $45,116
Total Net Assets Fund Balance$150,312$195,428▲ $45,116
Total Liabilities and Net Assets / Fund Balance$150,312$195,428▲ $45,116

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$10,960$37,153$48,113
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joseph LenonPresident
Angela HustonSecretary
Rebecca HartmanTreasurer
Jerald WeissingerVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$144,718
Program Service Revenue
$42,750
Investment Income
$3,062
Other Revenue
$11,305
All Other Contributions
$127,938
Change in Net Assets
$45,116
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$124,837
Salaries, Compensation, and Employee Benefits$21,432
Grants and Similar Amounts Paid$10,450
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$600$20,832-$21,432
Grants to Domestic Orgs$10,450--$10,450
All Other Expenses$5,241$3,077-$8,318
Advertising$6,961--$6,961
Conferences and Meetings-$4,406-$4,406
Insurance-$3,928-$3,928
Depreciation Depletion$3,720--$3,720
Other Expenses$3,315--$3,315
Office Expenses$733$1,974-$2,707
Fees for Services Accounting-$989-$989
Information Technology$285--$285
Total Functional Expenses$121,513$35,206$0$156,719
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Watershed FoundationNorth Webster, IN--$6,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$25,575
Fundraising Direct Expenses$14,270
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fish Fry$25,575$25,575$14,270$11,305
Total Events$25,575$25,575$14,270$11,305
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The return is reviewed prior to submission by the officers.

Form 990, Page 6, Part VI, Line 12C

All directors are required to sign and submit a conflict of interest form annually.

Form 990, Page 6, Part VI, Line 19

All documents are available for review at the annual meeting or at other times upon request.

Filing and Contact Details

Filer

Filer Name
Lake Tippecanoe Property Owners Inc
EIN
31-1105800
Phone
5744533286
Address
PO BOX 224, LEESBURG, IN 46538

Signing Officer

Name
Rebecca Hartman
Title
Treasurer
Phone
5743770652
Signed
2025-04-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Lenon
Formed
1949
Legal Domicile
In
Voting Board Members
42
Independent Board Members
42
Employees
0
Volunteers
30

Preparer

Firm
Link Accounting Group
Address
405 S MAIN ST, NORTH WEBSTER, IN 46555-0295
Preparer
Jeffrey R Morgan
Phone
5748342511
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Preservation of wetlands in cooperation with the nature conservancy as a means of keeping natural habitat for wildlife. Preserve & protect the ecology; encourage only those uses of property around the lake that will produce a positive impression and a positive environmental impact; to prevent dangerous, injurious or noxious conditions such as pollution, unsanitary conditions on land and water and overcrowding on land and water.

Form 990, Page 2, Part III, Line 4A

Lake safety & healthy lake ecosystem - ltpo promotes safe boating practices by organizing and hosting annual boating safety courses and owns 2 watercraft that are staffed by ltpo volunteers who are trained and deputized by the kosciusko co sheriff's dept. To patrol the 3 lake basins for unsafe/illegal practices and issue citations, if warranted. Navigational and eco-zone bouys are managed by the the ltpo for boating safety and protection of shorelines. Manipulation of the dam is managed by the ltpo as directed by the state of indiana dnr for flood control. Ltpo has purchased property specifically for ease of access for the eminent construction of a new dam to replace the current dam that has outlived its projected lifespan. Treatment of non-native vegetation and noxious algae is funded annually to increase lake enjoyment.

Form 990, Page 2, Part III, Line 4D

Other program services - the flotilla is an annual event also taking place durin the 4th of july celebration. Participation for cash prizes is open to anyone, and the piers are packed with families enjoying the parade. The annual fish fry is also open to the public and helps increase the visibility of the ltpo. The fishing contest can be entered by anyone fishing the 3 basins of lake tippecanoe with trophies presented for individual best catches.

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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/ProgSrvcAccomActy2Grp/Desc0COMMUNITY OUTREACH & EDUCATION - INFORMATION ABOUT THE LTPO'S ACTIVITES IS AVAILABLE THROUGH THE WEBSITE AND THROUGH THE NEWSLETTER, WHICH IS SENT TO ALL MEMBERS. THE DIRECTORY IS PUBLISHED ON AN ANNUAL BASIS FOR USE OF MEMBERS AND INCLUDES ADS FROM AREA BUSINESSES AS WELL AS PUBLIC SERVICE ANNOUNCEMENTS ON SAFE BOATING, EMERGENCY NUMBERS, ETC, AND A LISTING OF MEMBERS. DOPNATIONS ARE MADE TO PROMOTE WATER QUALITY AWARENESS TO LILLY CENTER FOR LAKES & STREAMS THROUGH PROGRAMS SUCH AS THE LAKES FESTIVAL, CALENDAR CONTEST AND CLASSROOM AQUARIUMS, THE TIPPECANOE WATERSHED FOUNDATION TO HELP PROMOTE THEIR PROGRAMS FOR WATER QUALITY EDUCATION, AND TO THE PLAIN & TURKEY CREEK TOWNSHIP FIRE DEPARTMENTS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PRESERVATION OF WETLANDS IN COOPERATION WITH THE NATURE CONSERVANCY AS A MEANS OF KEEPING NATURAL HABITAT FOR WILDLIFE. PRESERVE & PROTECT THE ECOLOGY; ENCOURAGE ONLY THOSE USES OF PROPERTY AROUND THE LAKE THAT WILL PRODUCE A POSITIVE IMPRESSION AND A POSITIVE ENVIRONMENTAL IMPACT; TO PREVENT DANGEROUS, INJURIOUS OR NOXIOUS CONDITIONS SUCH AS POLLUTION, UNSANITARY CONDITIONS ON LAND AND WATER AND OVERCROWDING ON LAND AND WATER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1LAKE SAFETY & HEALTHY LAKE ECOSYSTEM - LTPO PROMOTES SAFE BOATING PRACTICES BY ORGANIZING AND HOSTING ANNUAL BOATING SAFETY COURSES AND OWNS 2 WATERCRAFT THAT ARE STAFFED BY LTPO VOLUNTEERS WHO ARE TRAINED AND DEPUTIZED BY THE KOSCIUSKO CO SHERIFF'S DEPT. TO PATROL THE 3 LAKE BASINS FOR UNSAFE/ILLEGAL PRACTICES AND ISSUE CITATIONS, IF WARRANTED. NAVIGATIONAL AND ECO-ZONE BOUYS ARE MANAGED BY THE THE LTPO FOR BOATING SAFETY AND PROTECTION OF SHORELINES. MANIPULATION OF THE DAM IS MANAGED BY THE LTPO AS DIRECTED BY THE STATE OF INDIANA DNR FOR FLOOD CONTROL. LTPO HAS PURCHASED PROPERTY SPECIFICALLY FOR EASE OF ACCESS FOR THE EMINENT CONSTRUCTION OF A NEW DAM TO REPLACE THE CURRENT DAM THAT HAS OUTLIVED ITS PROJECTED LIFESPAN. TREATMENT OF NON-NATIVE VEGETATION AND NOXIOUS ALGAE IS FUNDED ANNUALLY TO INCREASE LAKE ENJOYMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OTHER PROGRAM SERVICES - THE FLOTILLA IS AN ANNUAL EVENT ALSO TAKING PLACE DURIN THE 4TH OF JULY CELEBRATION. PARTICIPATION FOR CASH PRIZES IS OPEN TO ANYONE, AND THE PIERS ARE PACKED WITH FAMILIES ENJOYING THE PARADE. THE ANNUAL FISH FRY IS ALSO OPEN TO THE PUBLIC AND HELPS INCREASE THE VISIBILITY OF THE LTPO. THE FISHING CONTEST CAN BE ENTERED BY ANYONE FISHING THE 3 BASINS OF LAKE TIPPECANOE WITH TROPHIES PRESENTED FOR INDIVIDUAL BEST CATCHES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE RETURN IS REVIEWED PRIOR TO SUBMISSION BY THE OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL DIRECTORS ARE REQUIRED TO SIGN AND SUBMIT A CONFLICT OF INTEREST FORM ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL DOCUMENTS ARE AVAILABLE FOR REVIEW AT THE ANNUAL MEETING OR AT OTHER TIMES UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0REBECCA HARTMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum05743770652
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAKE TIPPECANOE PROPERTY OWNERS INC
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ReturnHeader/PreparerPersonGrp/PhoneNum05748342511
ReturnHeader/PreparerPersonGrp/PreparationDt02025-04-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY R MORGAN
ReturnHeader/ReturnTs02025-04-28T15:41:04-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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