Civic Intelligence

Beaver Lake Association

990 • Fiscal year 2017 • EIN 47-6086392

Jan 01, 2017 to Dec 31, 2017 • Filed on May 15, 2018

9410 Clubhouse CirclePlattsmouth, NE 68048

(402) 235-2241

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

63rd percentile

0.38x

Higher debt load relative to assets than 63% of similar nonprofits.

2017 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

41st percentile

0.77x

Higher debt load relative to revenue than 41% of similar nonprofits.

2017 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2017

Net Margin

29th percentile

-4.0%

Higher net margin than 29% of similar nonprofits.

2017 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

61st percentile

$0

Higher top officer pay than 61% of similar nonprofits.

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

2017 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2017

Asset Growth

13th percentile

-4.1%

Faster asset growth than 13% of similar nonprofits.

2017 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

53rd percentile

2.9%

Faster revenue growth than 53% of similar nonprofits.

2017 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$4,839,349

Down $205,530 (-4.1%) from 2016

Net Assets

Down

$3,000,745

Down $95,400 (-3.1%) from 2016

Liabilities

Down

$1,838,604

Down $110,130 (-5.7%) from 2016

Revenue

Up

$2,388,990

Up $67,577 (+2.9%) from 2016

Expenses

Up

$2,484,537

Up $112,942 (+4.8%) from 2016

Net Income

Down

-$95,547

Down $45,365 (-90%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2011: $5,994,970Liabilities 2011: $2,772,894Net Assets 2011: $3,222,0762011Assets 2012: $5,966,691Liabilities 2012: $2,595,579Net Assets 2012: $3,371,1122012Assets 2013: $5,836,149Liabilities 2013: $2,425,938Net Assets 2013: $3,410,2112013Assets 2014: $5,515,911Liabilities 2014: $2,288,654Net Assets 2014: $3,227,2572014Assets 2015: $5,247,889Liabilities 2015: $2,101,664Net Assets 2015: $3,146,2252015Assets 2016: $5,044,879Liabilities 2016: $1,948,734Net Assets 2016: $3,096,1452016Assets 2017: $4,839,349Liabilities 2017: $1,838,604Net Assets 2017: $3,000,7452017Assets 2018: $4,616,809Liabilities 2018: $1,657,185Net Assets 2018: $2,959,6242018Assets 2019: $4,335,011Liabilities 2019: $1,399,279Net Assets 2019: $2,935,7322019Assets 2020: $4,276,015Liabilities 2020: $1,087,504Net Assets 2020: $3,188,5112020Assets 2021: $4,439,045Liabilities 2021: $943,466Net Assets 2021: $3,495,5792021Assets 2022: $4,353,345Liabilities 2022: $566,751Net Assets 2022: $3,786,5942022Assets 2023: $4,412,365Liabilities 2023: $287,739Net Assets 2023: $4,124,6262023Assets 2024: $4,714,654Liabilities 2024: $193,287Net Assets 2024: $4,521,3672024

Highlighted filing

2017

Assets$4,839,349
Liabilities$1,838,604
Net Assets$3,000,745

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $2,163,108Expenses 2011: $2,155,645Net Income 2011: $7,4632011Revenue 2012: $2,287,000Expenses 2012: $2,137,964Net Income 2012: $149,0362012Revenue 2013: $2,243,999Expenses 2013: $2,204,900Net Income 2013: $39,0992013Revenue 2014: $2,127,928Expenses 2014: $2,310,882Net Income 2014: -$182,9542014Revenue 2015: $2,224,829Expenses 2015: $2,305,861Net Income 2015: -$81,0322015Revenue 2016: $2,321,413Expenses 2016: $2,371,595Net Income 2016: -$50,1822016Revenue 2017: $2,388,990Expenses 2017: $2,484,537Net Income 2017: -$95,5472017Revenue 2018: $2,476,610Expenses 2018: $2,517,731Net Income 2018: -$41,1212018Revenue 2019: $2,538,004Expenses 2019: $2,561,895Net Income 2019: -$23,8912019Revenue 2020: $2,727,687Expenses 2020: $2,474,351Net Income 2020: $253,3362020Revenue 2021: $2,814,452Expenses 2021: $2,507,384Net Income 2021: $307,0682021Revenue 2022: $2,881,997Expenses 2022: $2,590,982Net Income 2022: $291,0152022Revenue 2023: $3,026,696Expenses 2023: $2,688,664Net Income 2023: $338,0322023Revenue 2024: $3,176,991Expenses 2024: $2,780,250Net Income 2024: $396,7412024

Highlighted filing

2017

Revenue$2,388,990
Expenses$2,484,537
Net Income-$95,547
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 15, 2018
Return Version
2017v2.2
Gross Receipts
$2,393,686
Mission and Program Overview

Mission

Maintenance of common areas of homeowners association.

Maintenace of common areas of the homeowners association.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,551,457$4,403,173▼ $148,284
Cash and Non-Interest-Bearing Accounts$408,951$354,728▼ $54,223
Accounts Receivable$83,288$79,563▼ $3,725
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$5,045,026$4,839,349▼ $205,677
Other Assets Total$1,330$1,885▲ $555
Liabilities
Unsecured Notes Loans Payable$1,748,925$1,567,010▼ $181,915
Accounts Payable and Accrued Expenses$147,034$211,494▲ $64,460
Other Liabilities$52,775$60,100▲ $7,325
Total Liabilities$1,948,734$1,838,604▼ $110,130
Net Assets / Fund Balance
Unrestricted Net Assets$3,096,292$3,000,745▼ $95,547
Total Net Assets Fund Balance$3,096,292$3,000,745▼ $95,547
Total Liabilities and Net Assets / Fund Balance$5,045,026$4,839,349▼ $205,677

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,109,595$6,893,568-
Land$110,395--
Equipment$183,183$1,576,838-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ron ReinekePresident
Fred BeckerVice President
Dan MaloneyDirector
Dennis GoltzDirector
Russ ParmerDirector
Sandy BattreallSecretary
David GollerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,395,120
Program Service Revenue
$987,695
Investment Income
$6,175
Other Revenue
$0
Change in Net Assets
$-95,547

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,388,990
Total Revenue per Audited Statements
$2,388,990
Total Revenue per Form 990
$2,388,990
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,408,138
Salaries, Compensation, and Employee Benefits$1,076,399
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$844,117--$844,117
Depreciation Depletion$468,490--$468,490
Insurance$170,599--$170,599
Other Employee Benefits$157,025--$157,025
Interest$67,270--$67,270
Payroll Taxes$60,937--$60,937
Office Expenses$52,019--$52,019
All Other Expenses$30,842--$30,842
Fees for Services Accounting$27,358--$27,358
Other Expenses$17,861--$17,861
Pension Plan Contributions$14,320--$14,320
Travel$1,150--$1,150
Total Functional Expenses$2,484,537$0$0$2,484,537

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,484,537
Total Expenses per Audited Statements$2,484,537
Total Expenses per Form 990$2,484,537
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Utility Deposits$60,100
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

The association is formed of members who are residents of beaver lake.

Form 990, Part VI, Line 11B: Form 990 Review Process

A copy of the return was available to the board of directors to review if they desired before the return was filed.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The financial statements are made available each month in the board of directors meeting packets

Filing and Contact Details

Filer

Filer Name
Beaver Lake Association
EIN
47-6086392
Phone
4022352241
Address
9410 CLUBHOUSE CIRCLE, PLATTSMOUTH, NE 68048

Signing Officer

Name
Troy Weatherby
Title
Manager
Signed
2018-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ron Reineke
Formed
1970
Legal Domicile
Ne
Voting Board Members
7
Independent Board Members
7
Employees
41
Volunteers
100

Preparer

Firm
Lucas Dinklage CPA
Address
500 WILLOW AVE STE100, COUNCIL BLUFFS, IA 51503
Preparer
Lucas Dinklage CPA
Phone
7123228404
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2: Change of Oversight or Selection Process

Association has a audit committee that is responsible for the oversight of the audit.

Raw XML Appendix389 raw XML fields

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/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0RON REINEKE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0METER FEES
IRS990/ProgramServiceRevenueGrp/Desc1OTHER PROGRAMS
IRS990/ProgramServiceRevenueGrp/Desc2UTILITY FEES
IRS990/ProgramServiceRevenueGrp/ExclusionAmt064750
IRS990/ProgramServiceRevenueGrp/ExclusionAmt1156890
IRS990/ProgramServiceRevenueGrp/ExclusionAmt2766055
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt064750
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1156890
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2766055
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01356627
IRS990/PYInvestmentIncomeAmt0-6609
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01370681
IRS990/PYProgramServiceRevenueAmt0971395
IRS990/PYRevenuesLessExpensesAmt0-50182
IRS990/PYSalariesCompEmpBnftPaidAmt01000914
IRS990/PYTotalExpensesAmt02371595
IRS990/PYTotalRevenueAmt02321413
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-95547
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt04109595
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06893568
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt011003163
IRS990ScheduleD/EquipmentGrp/BookValueAmt0183183
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01576838
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt01760021
IRS990ScheduleD/ExpensesSubtotalAmt02484537
IRS990ScheduleD/LandGrp/BookValueAmt0110395
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0110395
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt060100
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0UTILITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt02388990
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04403173
IRS990ScheduleD/TotalExpensesPerForm990Amt02484537
IRS990ScheduleD/TotalLiabilityAmt060100
IRS990ScheduleD/TotalRevenuePerForm990Amt02388990
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02388990
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02484537
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION IS FORMED OF MEMBERS WHO ARE RESIDENTS OF BEAVER LAKE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE RETURN WAS AVAILABLE TO THE BOARD OF DIRECTORS TO REVIEW IF THEY DESIRED BEFORE THE RETURN WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FINANCIAL STATEMENTS ARE MADE AVAILABLE EACH MONTH IN THE BOARD OF DIRECTORS MEETING PACKETS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ASSOCIATION HAS A AUDIT COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XII, Line 2: Change of Oversight or Selection Process
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt05045026
IRS990/TotalAssetsEOYAmt04839349
IRS990/TotalAssetsGrp/BOYAmt05045026
IRS990/TotalAssetsGrp/EOYAmt04839349
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01395120
IRS990/TotalEmployeeCnt041
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02484537
IRS990/TotalFunctionalExpensesGrp/TotalAmt02484537
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01948734
IRS990/TotalLiabilitiesEOYAmt01838604
IRS990/TotalLiabilitiesGrp/BOYAmt01948734
IRS990/TotalLiabilitiesGrp/EOYAmt01838604
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03096292
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03000745
IRS990/TotalProgramServiceRevenueAmt0987695
IRS990/TotalRevenueGrp/ExclusionAmt0987695
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06175
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02388990
IRS990/TotalVolunteersCnt0100
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05045026
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04839349
IRS990/TravelGrp/ProgramServicesAmt01150
IRS990/TravelGrp/TotalAmt01150
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt03096292
IRS990/UnrestrictedNetAssetsGrp/EOYAmt03000745
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt01748925
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt01567010
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.beaverlakene.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TROY WEATHERBY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BEAVER LAKE ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0BEAV
ReturnHeader/Filer/EIN0476086392
ReturnHeader/Filer/PhoneNum04022352241
ReturnHeader/Filer/USAddress/AddressLine1Txt09410 CLUBHOUSE CIRCLE
ReturnHeader/Filer/USAddress/CityNm0PLATTSMOUTH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NE
ReturnHeader/Filer/USAddress/ZIPCd068048
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0454008164
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LUCAS DINKLAGE CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0500 WILLOW AVE STE100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COUNCIL BLUFFS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd051503
ReturnHeader/PreparerPersonGrp/PhoneNum07123228404
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LUCAS DINKLAGE CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-05-15T13:07:38-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.71$0.19$4.52$3.18$2.78$0.40
2023Summary only. Only limited summary data is available for this year.$4.41$0.29$4.12$3.03$2.69$0.34
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.35$0.57$3.79$2.88$2.59$0.29
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.44$0.94$3.50$2.81$2.51$0.31
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.28$1.09$3.19$2.73$2.47$0.25
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.34$1.40$2.94$2.54$2.56$0.02
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.62$1.66$2.96$2.48$2.52$0.04
2017Detailed filing. Detailed filing data is available for this year.$4.84$1.84$3.00$2.39$2.48$0.10
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.04$1.95$3.10$2.32$2.37$0.05
2015Detailed filing. Detailed filing data is available for this year.$5.25$2.10$3.15$2.22$2.31$0.08
2014Detailed filing. Detailed filing data is available for this year.$5.52$2.29$3.23$2.13$2.31$0.18
2013Summary only. Only limited summary data is available for this year.$5.84$2.43$3.41$2.24$2.20$0.04
2012Summary only. Only limited summary data is available for this year.$5.97$2.60$3.37$2.29$2.14$0.15
2011Summary only. Only limited summary data is available for this year.$5.99$2.77$3.22$2.16$2.16$0.01