Civic Intelligence

Big Canoe Property Owner'S Association

EIN 58-1178491 • 501(c)4 • Big Canoe, GA

Profile

Big canoe property owners association exists to provide harmonious integration of the natural environment with elements most desired in a residential community: master-planned and multi-generational; offering a small-town atmosphere.

10586 Big CanoeBig Canoe, GA 30143

www.bigcanoepoa.org

Siviq Scores

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

Liabilities / Assets

55th percentile

0.17x

Higher debt load relative to assets than 55% of similar nonprofits.

501(c)4 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

69th percentile

0.48x

Higher debt load relative to revenue than 69% of similar nonprofits.

501(c)4 • $50M-$100M nonprofits • Source year 2024

Net Margin

55th percentile

8.0%

Higher net margin than 55% of similar nonprofits.

501(c)4 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

62nd percentile

$355,435

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

501(c)4 • $50M-$100M nonprofits • Source year 2024

Asset Growth

72nd percentile

12%

Faster asset growth than 72% of similar nonprofits.

501(c)4 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

26th percentile

-4.3%

Faster revenue growth than 26% of similar nonprofits.

501(c)4 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Up

$60,074,458

Up $6,402,930 (+12%) from 2023

Liabilities

Up

$10,368,695

Up $4,672,513 (+82%) from 2023

Net Assets

Up

$49,705,763

Up $1,730,417 (+3.6%) from 2023

Revenue

Down

$21,738,204

Down $973,081 (-4.3%) from 2023

Expenses

Up

$20,006,719

Up $703,565 (+3.6%) from 2023

Net Income

Down

$1,731,485

Down $1,676,646 (-49%) from 2023

Trend Graphs

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2014: $38,017,292Liabilities 2014: $9,631,336Net Assets 2014: $28,385,9562014Assets 2015: $38,378,525Liabilities 2015: $8,980,514Net Assets 2015: $29,398,0112015Assets 2016: $43,410,726Liabilities 2016: $12,071,548Net Assets 2016: $31,339,1782016Assets 2017: $43,273,507Liabilities 2017: $10,730,151Net Assets 2017: $32,543,3562017Assets 2018: $43,124,030Liabilities 2018: $9,638,833Net Assets 2018: $33,485,1972018Assets 2019: $44,130,238Liabilities 2019: $8,888,130Net Assets 2019: $35,242,1082019Assets 2020: $45,803,862Liabilities 2020: $7,962,568Net Assets 2020: $37,841,2942020Assets 2021: $48,180,026Liabilities 2021: $6,857,652Net Assets 2021: $41,322,3742021Assets 2022: $51,821,872Liabilities 2022: $7,262,561Net Assets 2022: $44,559,3112022Assets 2023: $53,671,528Liabilities 2023: $5,696,182Net Assets 2023: $47,975,3462023Assets 2024: $60,074,458Liabilities 2024: $10,368,695Net Assets 2024: $49,705,7632024

Highlighted filing

2024

Assets$60,074,458
Liabilities$10,368,695
Net Assets$49,705,763

Operations Trend

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

$30M$20M$10M$0Revenue 2014: $12,097,347Expenses 2014: $10,800,859Net Income 2014: $1,296,4882014Revenue 2015: $12,742,290Expenses 2015: $12,028,015Net Income 2015: $714,2752015Revenue 2016: $13,814,792Expenses 2016: $12,490,356Net Income 2016: $1,324,4362016Revenue 2017: $14,000,727Expenses 2017: $12,789,970Net Income 2017: $1,210,7572017Revenue 2018: $14,357,778Expenses 2018: $13,401,256Net Income 2018: $956,5222018Revenue 2019: $15,638,346Expenses 2019: $13,929,133Net Income 2019: $1,709,2132019Revenue 2020: $17,404,987Expenses 2020: $14,806,988Net Income 2020: $2,597,9992020Revenue 2021: $19,159,834Expenses 2021: $15,657,236Net Income 2021: $3,502,5982021Revenue 2022: $20,990,952Expenses 2022: $17,745,950Net Income 2022: $3,245,0022022Revenue 2023: $22,711,285Expenses 2023: $19,303,154Net Income 2023: $3,408,1312023Revenue 2024: $21,738,204Expenses 2024: $20,006,719Net Income 2024: $1,731,4852024

Highlighted filing

2024

Revenue$21,738,204
Expenses$20,006,719
Net Income$1,731,485

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$24,237,555
Mission and Program Overview

Mission

Big canoe property owners association exists to provide harmonious integration of the natural environment with elements most desired in a residential community: master-planned and multi-generational; offering a small-town atmosphere.

Big canoe is a master-planned community designed to achieve a harmonious integration of the natural beauty of the land with those elements most desired in a residential community. It is a community in the true sense of the word, multi-generational, offering a small-town atmosphere.deeply held common values help define the character of the community of big canoe. Privacy and security are highly valued by all owners. A keen appreciation of the preservation of the natural environment and its ecological systems forms one of the core values uniting big canoe's diverse population. This population includes full-time residents, part-time residents, landowners, guests, vacationers, renters and event attendees.an atmosphere of warmth, hospitality, tolerance, consideration and respect governs all matters among owners, guests, management and service providers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$42,720,730$47,910,031▲ $5,189,301
Investments in Publicly Traded Securities$2,935,432$6,074,897▲ $3,139,465
Cash and Non-Interest-Bearing Accounts$5,880,366$3,077,713▼ $2,802,653
Inventories for Sale or Use$525,704$709,264▲ $183,560
Accounts Receivable$506,823$437,814▼ $69,009
Prepaid Expenses and Deferred Charges$320,144$326,168▲ $6,024
Total Assets$53,671,528$60,074,458▲ $6,402,930
Other Assets Total$782,329$1,538,571▲ $756,242
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,244,205$6,137,272▲ $2,893,067
Accounts Payable and Accrued Expenses$1,707,962$2,746,346▲ $1,038,384
Other Liabilities$108,079$1,000,701▲ $892,622
Escrow Account Liability$578,146$433,480▼ $144,666
Deferred Revenue$57,790$50,896▼ $6,894
Total Liabilities$5,696,182$10,368,695▲ $4,672,513
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$47,975,346$49,705,763▲ $1,730,417
Total Net Assets Fund Balance$47,975,346$49,705,763▲ $1,730,417
Total Liabilities and Net Assets / Fund Balance$53,671,528$60,074,458▲ $6,402,930

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$24,240,855$13,112,869$37,353,724
Buildings$9,564,547$14,412,484$23,977,031
Equipment$3,690,595$7,855,699$11,546,294
Land$10,414,034-$10,414,034
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Scott AuerGeneral ManagerFT$254,050$101,385$355,435
Justin BowersIt DirectorFT$107,779$59,427$167,206
Jayne HaganDirector of FinanceFT$136,923$29,063$165,986
Lydell MackDirector of OperationsFT$126,538$35,620$162,158
Steven PanettaWellness & Aquatics DirectorFT$105,212$35,799$141,011
Paul DelgadoClubhouse ManagerFT$118,469$13,100$131,569
Matthew LockwoodControllerFT$114,050$15,023$129,073

Board Members and Trustees

NameTitle
Terry StewartPresident
Sandra Albrecht PullaraTreasurer/vice President
Tim MoranVice President
Mike ZeiglerDeveloper Director
Elton GoglinDirector
James Craig PriceDirector
Richard McleodDirector
Mark GreenSecretary
James ConneelyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Sanders Golf LLCGolf Course Construction3144 STAGE POST DRIVE STE 109, Bartlett, TN 38133$2,414,032
Macallan Construction LLCClubhouse Construction1642 POWERS FERRY ROAD STE 250, Marietta, GA 30067$2,040,698
Rhino Design Build LLCRoad Shoulder Rehab11779 BIG CANOE, Jasper, GA 30143$811,420
Johnson PavingPaving302 TOM BOYD ROAD, Blue Ridge, GA 30513$664,128
Geosyntec Consultants INCEngineering835 GEORGIA AVENUE STE 500, Chattanooga, TN 37402$658,623
Revenue and Support

Revenue Composition

Contributions and Grants
$26,228
Program Service Revenue
$21,314,994
Investment Income
$-1,268,251
Other Revenue
$1,665,233
All Other Contributions
$26,228
Change in Net Assets
$1,731,485

Audited Revenue Reconciliation

Revenue per Audited Statements
$24,233,510
Revenue Not Reported on Financial Statements
$-2,495,306
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-2,495,306
Total Revenue per Audited Statements
$24,233,510
Total Revenue per Form 990
$21,738,204
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$10,468,521
Salaries, Compensation, and Employee Benefits$9,538,198
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,902,921$1,018,946-$6,921,867
Depreciation Depletion$3,635,118$255,560-$3,890,678
Other Employee Benefits$1,065,540$290,165-$1,355,705
Occupancy$1,018,394$55,055-$1,073,449
All Other Expenses$713,430$348,192-$1,061,622
Insurance$101,363$525,603-$626,966
Payroll Taxes$482,159$98,457-$580,616
Current Officers, Directors, Trustees, and Key Employees-$521,421-$521,421
Fees for Services Other$306,015$183,177-$489,192
Office Expenses$244,976$102,807-$347,783
Information Technology$52,899$262,986-$315,885
Interest$51,944$157,868-$209,812
Fees for Services Legal-$190,329-$190,329
Other Expenses$152,095$2,666-$154,761
Pension Plan Contributions$91,690$14,117-$105,807
Conferences and Meetings$17,010$79,201-$96,211
Comp Disqual Persons$52,782--$52,782
Fees for Services Accounting-$50,575-$50,575
Travel$23,614$10,892-$34,506
Advertising$21,011$9,357-$30,368
Total Functional Expenses$15,791,749$4,214,970$0$20,006,719

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$22,502,025
Expenses per Audited Statements$20,006,719
Total Expenses per Form 990$20,006,719
Expenses Not Reported on Form 990$2,495,306
Expenses Not Reported on Financial Statements$0
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Elton GogolinRelative of Board MemberWagesNo$20,706
Tim MoranRelative of Board MemberWagesNo$17,681
Michael ZeiglerRelative of Board MemberWagesNo$14,395
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$1,000,701
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Property owners are members of big canoe poa. There are over 3400 members. They are eligible to vote, if their account is not past due for more than 30 days. For board members, covenant revisions, by-laws and certain capital projects that are $1,000,000 or more as adjusted per the cpi beginning 2010.

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

Each property owner, whose account is not more than 30 days past due, is eligible to vote for board members. A vote from a lot without a home counts as one. A vote from a lot with a home counts as two.

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

All property owners that have lots have one vote and all property owners that have homes have two votes, as long as their account is not more than 30 days past due, are eligible to vote for covenant revisions, by-laws, directors and certain capital projects that are $1,000,000 or more as adjusted per the cpi beginning 2010.

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

Form 990 is provided to the board of directors for review and discussed with the director of finance for any questions.

Form 990, Part VI, Section B, Line 12C

The board and staff at the annual work session in the beginning of the year reviews all policies and procedures which includes the governance model, ethics policy and conflict of interest. Board and staff is to disclose the conflict of interest per ga code. It is monitored by board and staff if there is a known conflict of interest.

Form 990, Part VI, Section B, Line 15

Big canoe property owner's association hired the services of buck consultants in 2006 to benchmark all employees. Buck consultants collected data from 11 sources and all survey data was adjusted to reflect the geographic differential between pickens county and the national average. Every three years select positions are re-benchmarked. The latest survey was completed in 2021 by mercer. Director of hr completed a study in 2023 & 2024 utilizing glass door and shrm resources for all job descriptions.

Form 990, Part VI, Section C, Line 19

All documents are available upon request.

Filing and Contact Details

Filer

Filer Name
BIG CANOE PROPERTY OWNER'S ASSOCIATION
EIN
58-1178491
Phone
7062683346
Address
10586 BIG CANOE, BIG CANOE, GA 30143

Signing Officer

Name
James F Conneely
Title
Treasurer
Phone
7062683346
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terry Stewart President
Formed
1972
Legal Domicile
Ga
Voting Board Members
7
Independent Board Members
5
Employees
328
Volunteers
100

Preparer

Firm
Mauldin & Jenkins LLC
Address
200 GALLERIA PKWY SE STE 1700, ATLANTA, GA 30339-5946
Preparer
Mary Jo Alexander
Phone
7709558600
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

This attitude of compassion and consideration extends beyond the borders of big canoe through caring outreach to the local surrounding area and beyond. Big canoe is governed from within through the property owners association (poa). The poa is charged with implementing the covenants, administering the rules and regulations, providing community services including security, operating the amenities and maintaining common property and assets. Governance is representative of and responsive to the big canoe population, and opportunities are available for service and contribution from those willing to do so. Management of poa operations and provision of community services is efficiently conducted to maximize quality and enhance the property values of big canoe owners while minimizing waste and maintaining reasonable assessments and fees. A wide and expanding range of amenities, events and activities are provided, offering alternatives for recreation, learning and relaxation, and responding to the changing needs of the community. Amenities include golf courses, tennis courts, swimming pools, a fitness center, lakes and beaches, boat rentals, a rock slide, hiking trails, play fields, parks, children's play areas, nature preserves and more, along with cultural, educational, family and social activities and events. Effort is also made, where feasible, to encourage commercial services as needed and desired by the big canoe population. The poa and the developer strive to maintain the natural beauty of the environment. A large percentage of land is devoted to green space. Facilities are constructed and maintained to reflect a semi-rustic but high-quality, upscale atmosphere in keeping with the mountainous character of the community. Architectural control is an important component in the preservation of the character of big canoe. Change within big canoe is managed with the objective of maintaining the fundamental character of the community and its environment. This philosophy of change is in concert with the recognized need to continue to respond to the evolution of the needs and desires of big canoe's current and future population. This positive management strategy supports the continued development of big canoe in a manner that enhances property values for all.

Form 990 Part XI Line 2C

There have been no changes in the auditor selection nor oversight process.

Financial Statement Notes

PART II, LINE 5:

An unrelated third party monitors the easements. The association did not incur any expenses and did not expend any staff hours related to monitoring, inspection, violations and enforcement of conservation easements, except for review time with trust agent.

PART II, LINE 9:

There were no new easements in 2024. The balance reporting of land includes easement amounts deeded to the association by the developer.

PART X, LINE 2:

The association is a not-for-profit organization exempt from taxes under section 501(c)(4) of the internal revenue code. Therefore, there is no provision for income taxes in these financial statements. Annually, the association files form 990, return of organizations exempt from income tax, with the internal revenue service. The association believes that it has appropriate support for all tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Cost of goods sold -950,409. Loss on disposal of assets -1,544,897.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold 950,409. Loss on disposal of assets 1,544,897.

Raw XML AppendixShowing 400 of 691 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/Form990PartVIISectionAGrp/PersonNm15MATTHEW LOCKWOOD
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DEVELOPER DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9GENERAL MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR OF FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt11IT DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR OF OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt13WELLNESS & AQUATICS DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14CLUBHOUSE MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt15CONTROLLER
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IRS990/MissionDesc0BIG CANOE PROPERTY OWNERS ASSOCIATION EXISTS TO PROVIDE HARMONIOUS INTEGRATION OF THE NATURAL ENVIRONMENT WITH ELEMENTS MOST DESIRED IN A RESIDENTIAL COMMUNITY: MASTER-PLANNED AND MULTI-GENERATIONAL; OFFERING A SMALL-TOWN ATMOSPHERE.
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IRS990/OfficeExpensesGrp/ProgramServicesAmt0244976
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IRS990/PrincipalOfficerNm0TERRY STEWART PRESIDENT
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IRS990/ProgramServiceRevenueGrp/Desc4FINES & FEES
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13591836
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt22492670
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3297263
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4329255
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22492670
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3781807
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IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0944983
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt112722
IRS990/ProgSrvcAccomActy2Grp/Desc0AMENITY MANAGEMENT PROVIDES A 27-HOLE GOLF COURSE, FITNESS, TENNIS, SWIM CLUB WITH THREE POOLS, LAKE SWIMMING AND A ROCKSLIDE, HIKING TRAILS AND WALKING PATHS, MARINA, CLUBHOUSE THAT INCLUDES A RESTAURANT AND FOR COMMUNITY EVENTS, STORAGE YARD, BOCCE BALL COURTS, PICKLEBALL, TWO PLAYGROUNDS, BASEBALL FIELD, BASKETBALL COURT, WALKING PATHS, DOG PARK, WALKING TRAILS AND PARKS WITH PICNIC FACILITIES. THERE ARE TIMESHARE AND RENTAL PROPERTIES NOT OWNED BY BIG CANOE POA FOR GUESTS TO STAY AND ENJOY THE PROPERTY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt07758088
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt03591836

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