Civic Intelligence

Beaver Lake Association

990 • Fiscal year 2018 • EIN 47-6086392

Jan 01, 2018 to Dec 31, 2018 • Filed on Jun 04, 2019

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

61st percentile

0.36x

Higher debt load relative to assets than 61% of similar nonprofits.

2018 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

40th percentile

0.67x

Higher debt load relative to revenue than 40% of similar nonprofits.

2018 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2018

Net Margin

30th percentile

-1.7%

Higher net margin than 30% of similar nonprofits.

2018 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

62nd percentile

$0

Higher top officer pay than 62% of similar nonprofits.

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

2018 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2018

Asset Growth

10th percentile

-4.6%

Faster asset growth than 10% of similar nonprofits.

2018 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

46th percentile

3.7%

Faster revenue growth than 46% of similar nonprofits.

2018 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$4,616,809

Down $222,540 (-4.6%) from 2017

Net Assets

Down

$2,959,624

Down $41,121 (-1.4%) from 2017

Liabilities

Down

$1,657,185

Down $181,419 (-9.9%) from 2017

Revenue

Up

$2,476,610

Up $87,620 (+3.7%) from 2017

Expenses

Up

$2,517,731

Up $33,194 (+1.3%) from 2017

Net Income

Up

-$41,121

Up $54,426 (+57%) from 2017

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

2018

Assets$4,616,809
Liabilities$1,657,185
Net Assets$2,959,624

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

2018

Revenue$2,476,610
Expenses$2,517,731
Net Income-$41,121
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jun 4, 2019
Return Version
2018v3.1
Gross Receipts
$2,477,688
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$4,403,173$4,214,960▼ $188,213
Cash and Non-Interest-Bearing Accounts$354,728$307,878▼ $46,850
Accounts Receivable$79,563$90,210▲ $10,647
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$4,839,349$4,616,809▼ $222,540
Other Assets Total$1,885$3,761▲ $1,876
Liabilities
Unsecured Notes Loans Payable$1,567,010$1,425,742▼ $141,268
Accounts Payable and Accrued Expenses$211,494$173,693▼ $37,801
Other Liabilities$60,100$57,750▼ $2,350
Total Liabilities$1,838,604$1,657,185▼ $181,419
Net Assets / Fund Balance
Unrestricted Net Assets$3,000,745$2,959,624▼ $41,121
Total Net Assets Fund Balance$3,000,745$2,959,624▼ $41,121
Total Liabilities and Net Assets / Fund Balance$4,839,349$4,616,809▼ $222,540

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,888,295$7,289,455-
Land$110,395--
Equipment$216,270$1,648,810-
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
$1,477,853
Program Service Revenue
$993,716
Investment Income
$5,041
Other Revenue
$0
Change in Net Assets
$-41,121

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,476,610
Total Revenue per Audited Statements
$2,476,610
Total Revenue per Form 990
$2,476,610
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,421,630
Salaries, Compensation, and Employee Benefits$1,096,101
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$824,703--$824,703
Depreciation Depletion$467,860--$467,860
Other Employee Benefits$192,142--$192,142
Insurance$171,339--$171,339
Payroll Taxes$63,839--$63,839
Interest$60,383--$60,383
Office Expenses$41,630--$41,630
All Other Expenses$29,365--$29,365
Fees for Services Accounting$19,875--$19,875
Other Expenses$17,035--$17,035
Pension Plan Contributions$15,417--$15,417
Travel$1,269--$1,269
Total Functional Expenses$2,517,731$0$0$2,517,731

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,517,731
Total Expenses per Audited Statements$2,517,731
Total Expenses per Form 990$2,517,731
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$57,750
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
2019-06-04
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
110 E Broadway, 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 Appendix395 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/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0RON REINEKE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0METER FEES
IRS990/ProgramServiceRevenueGrp/Desc1OTHER PROGRAMS
IRS990/ProgramServiceRevenueGrp/Desc2UTILITY FEES
IRS990/ProgramServiceRevenueGrp/ExclusionAmt069750
IRS990/ProgramServiceRevenueGrp/ExclusionAmt1170544
IRS990/ProgramServiceRevenueGrp/ExclusionAmt2753422
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt069750
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1170544
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2753422
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01395120
IRS990/PYInvestmentIncomeAmt06175
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01408138
IRS990/PYProgramServiceRevenueAmt0987695
IRS990/PYRevenuesLessExpensesAmt0-95547
IRS990/PYSalariesCompEmpBnftPaidAmt01076399
IRS990/PYTotalExpensesAmt02484537
IRS990/PYTotalRevenueAmt02388990
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-41121
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/BookValueAmt03888295
IRS990ScheduleD/BuildingsGrp/DepreciationAmt07289455
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt011177750
IRS990ScheduleD/EquipmentGrp/BookValueAmt0216270
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01648810
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt01865080
IRS990ScheduleD/ExpensesSubtotalAmt02517731
IRS990ScheduleD/LandGrp/BookValueAmt0110395
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0110395
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt057750
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0UTILITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt02476610
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04214960
IRS990ScheduleD/TotalExpensesPerForm990Amt02517731
IRS990ScheduleD/TotalLiabilityAmt057750
IRS990ScheduleD/TotalRevenuePerForm990Amt02476610
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02476610
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02517731
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/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04839349
IRS990/TotalAssetsEOYAmt04616809
IRS990/TotalAssetsGrp/BOYAmt04839349
IRS990/TotalAssetsGrp/EOYAmt04616809
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01477853
IRS990/TotalEmployeeCnt041
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02517731
IRS990/TotalFunctionalExpensesGrp/TotalAmt02517731
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01838604
IRS990/TotalLiabilitiesEOYAmt01657185
IRS990/TotalLiabilitiesGrp/BOYAmt01838604
IRS990/TotalLiabilitiesGrp/EOYAmt01657185
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03000745
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02959624
IRS990/TotalProgramServiceRevenueAmt0993716
IRS990/TotalRevenueGrp/ExclusionAmt0993716
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05041
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02476610
IRS990/TotalVolunteersCnt0100
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04839349
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04616809
IRS990/TravelGrp/ProgramServicesAmt01269
IRS990/TravelGrp/TotalAmt01269
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt03000745
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02959624
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt01567010
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt01425742
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt09410 CLUBHOUSE CIRCLE
IRS990/USAddress/CityNm0PLATTSMOUTH
IRS990/USAddress/StateAbbreviationCd0NE
IRS990/USAddress/ZIPCd068048
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.beaverlakene.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TROY WEATHERBY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-06-04
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/AddressLine1Txt0110 E Broadway
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/ReturnTs02019-06-04T13:26:44-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

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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
2018Detailed filing. Detailed filing data is available for this year.$4.62$1.66$2.96$2.48$2.52$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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