Civic Intelligence

Lake Rabun Association Inc

EIN 58-2652686 • 501(c)4 • Lakemont, GA

Profile

Lake rabun association, inc. Is a nonprofit, social welfare organization dedicated to nurturing the beauty, serenity and quality of life on or around lake rabun. The organization promotes the conservation and preservation of lake rabun and the surrounding community as an aesthetic, recreational and educational resource for the general public.

PO Box 490Lakemont, GA 30552-0009

www.lakerabun.org

Siviq Scores

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

Liabilities / Assets

69th percentile

0.03x

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

501(c)4 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

71st percentile

0.03x

Higher debt load relative to revenue than 71% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2024

Net Margin

73rd percentile

17%

Higher net margin than 73% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2024

Top Officer Pay

91st percentile

$0

Higher top officer pay than 91% of similar nonprofits.

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

501(c)4 • <$500k nonprofits • Source year 2022

Asset Growth

81st percentile

18%

Faster asset growth than 81% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

91st percentile

64%

Faster revenue growth than 91% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$352,839

Up $53,679 (+18%) from 2023

Liabilities

Up

$8,973

Up $2,610 (+41%) from 2023

Net Assets

Up

$343,866

Up $51,069 (+17%) from 2023

Revenue

Up

$309,186

Up $121,047 (+64%) from 2023

Expenses

Up

$258,117

Up $52,207 (+25%) from 2023

Net Income

Up

$51,069

Up $68,840 (+387%) from 2023

Trend Graphs

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2011: $109,180Liabilities 2011: $02011Assets 2012: $126,821Liabilities 2012: $0Net Assets 2012: $126,8212012Assets 2013: $144,478Liabilities 2013: $15,184Net Assets 2013: $129,2942013Assets 2014: $194,741Liabilities 2014: $5,000Net Assets 2014: $189,7412014Assets 2015: $224,744Liabilities 2015: $5,530Net Assets 2015: $219,2142015Assets 2016: $284,443Liabilities 2016: $15,963Net Assets 2016: $268,4802016Assets 2017: $261,595Liabilities 2017: $16,575Net Assets 2017: $245,0202017Assets 2018: $294,528Liabilities 2018: $12,059Net Assets 2018: $282,4692018Assets 2019: $295,899Liabilities 2019: $4,719Net Assets 2019: $291,1802019Assets 2020: $309,665Liabilities 2020: $4,797Net Assets 2020: $304,8682020Assets 2021: $311,988Liabilities 2021: $4,040Net Assets 2021: $307,9482021Assets 2022: $320,674Liabilities 2022: $10,106Net Assets 2022: $310,5682022Assets 2023: $299,160Liabilities 2023: $6,363Net Assets 2023: $292,7972023Assets 2024: $352,839Liabilities 2024: $8,973Net Assets 2024: $343,8662024

Highlighted filing

2024

Assets$352,839
Liabilities$8,973
Net Assets$343,866

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2011: $145,423Expenses 2011: $172,913Net Income 2011: -$27,4902011Expenses 2012: $156,5532012Revenue 2013: $222,182Expenses 2013: $239,244Net Income 2013: -$17,0622013Revenue 2014: $215,139Expenses 2014: $154,692Net Income 2014: $60,4472014Revenue 2015: $235,093Expenses 2015: $205,620Net Income 2015: $29,4732015Revenue 2016: $240,993Expenses 2016: $191,727Net Income 2016: $49,2662016Revenue 2017: $204,165Expenses 2017: $227,625Net Income 2017: -$23,4602017Revenue 2018: $226,958Expenses 2018: $189,509Net Income 2018: $37,4492018Revenue 2019: $212,248Expenses 2019: $203,537Net Income 2019: $8,7112019Revenue 2020: $123,525Expenses 2020: $109,837Net Income 2020: $13,6882020Revenue 2021: $216,288Expenses 2021: $213,208Net Income 2021: $3,0802021Revenue 2022: $192,513Expenses 2022: $189,893Net Income 2022: $2,6202022Revenue 2023: $188,139Expenses 2023: $205,910Net Income 2023: -$17,7712023Revenue 2024: $309,186Expenses 2024: $258,117Net Income 2024: $51,0692024

Highlighted filing

2024

Revenue$309,186
Expenses$258,117
Net Income$51,069

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.53$0.09$3.44$3.09$2.58$0.51
2023Summary only. Only limited summary data is available for this year.$2.99$0.06$2.93$1.88$2.06$0.18
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.21$0.10$3.11$1.93$1.90$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.12$0.04$3.08$2.16$2.13$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.10$0.05$3.05$1.24$1.10$0.14
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.96$0.05$2.91$2.12$2.04$0.09
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.95$0.12$2.82$2.27$1.90$0.37
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.62$0.17$2.45$2.04$2.28$0.23
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.84$0.16$2.68$2.41$1.92$0.49
2015Summary only. Only limited summary data is available for this year.$2.25$0.06$2.19$2.35$2.06$0.29
2014Detailed filing. Detailed filing data is available for this year.$1.95$0.05$1.90$2.15$1.55$0.60
2013Summary only. Only limited summary data is available for this year.$1.44$0.15$1.29$2.22$2.39$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.27$0.00$1.27$1.57
2011Summary only. Only limited summary data is available for this year.$1.09$0.00$1.45$1.73$0.27
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 12, 2023
Return Version
2022v5.0
Gross Receipts
$243,106
Mission and Program Overview

Mission

Lake rabun association, inc. Is a nonprofit, social welfare organization dedicated to nurturing the beauty, serenity and quality of life on or around lake rabun. The organization promotes the conservation and preservation of lake rabun and the surrounding community as an aesthetic, recreational and educational resource for the general public.

The association is dedicated to nurturing the beauty, serenity & quality of life around lake rabun.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$307,948$310,568▲ $2,620
Savings and Temporary Cash Investments$232,623$245,925▲ $13,302
Inventories for Sale or Use$65,813$61,002▼ $4,811
Cash and Non-Interest-Bearing Accounts$4,139$3,797▼ $342
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$311,988$320,674▲ $8,686
Other Assets Total$9,413$9,950▲ $537
Liabilities
Other Liabilities$4,040$10,106▲ $6,066
Total Liabilities$4,040$10,106▲ $6,066
Net Assets / Fund Balance
Total Net Assets Fund Balance$307,948$310,568▲ $2,620
Total Liabilities and Net Assets / Fund Balance$311,988$320,674▲ $8,686
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$150,800
Program Service Revenue
$31,794
Investment Income
$417
Other Revenue
$9,502
Change in Net Assets
$2,620
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$145,347
Grants and Similar Amounts Paid$44,546
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$19,417$27,610-$47,027
Grants to Domestic Orgs$44,546--$44,546
Other Expenses$21,225$11,846-$11,846
Occupancy$9,258$1,421-$10,679
Insurance-$5,069-$5,069
Total Functional Expenses$140,375$49,518$0$189,893
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
North Georgia Community Foundation IncGainesville, GA501(c)(3)Scholarships for Graduates of Rabun County High Schools and Community Outreach Programs.$44,546
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$44,348
Fundraising Direct Expenses$30,956
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Tour of Homes$26,620$25,120$4,673$20,447
Rabun Ramble 5k/10k Race$36,428$18,678$17,891$787
Total Events$63,048$43,798$30,670$13,128
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Section 527 Activity Spending$0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Ngcf-lake Rabun Pavilion, LLC$8,830
Sales Tax Payable$926
Other Liabilities$350
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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

Richard newkirk, president, is the father of marchie hepner, trustee.

Form 990, Part VI, Section A, Line 6

Membership in the association is available to all individuals and families interested in the social welfare of the lake rabun community and who have demonstrated that interest by payment of the annual dues. Each current individual member and one representatve of each family that is a member present at an annual membership meeting is entitled to one vote on any matter of business.

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

The organiation's officers, other than the chief financial officer, are elected by the majority vote of the association membership present at the labor day weekend membership meeting each year and serve for one-year terms. The chief finanical officer is appointed by the other members of the executive committee. At each annual labor day weekend membership meeting, five trustees are elected by a majority vote of the association members present and serve for three-year terms. A chairman of the board is also elected by a majority vote of the association membership at the annual labor day weekend membership meeting to serve a one-year term.

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

The association's tax return is prepared by its chief financial officer who is a cpa, and it is reviewed by members of the organization's executive committee prior to filing. A copy of the return is available for review by all members of the board of trustees.

Form 990, Part VI, Section C, Line 19

The organization's governing documents and financial statements are maintained by the association's secretary or cfo. Members of the organization may view its governing documents and finanical reports in the members only section of the organization's website. These documents and reports are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Lake Rabun Association Inc
EIN
58-2652686
Phone
4044441728
Address
PO BOX 490, LAKEMONT, GA 30552-0009

Signing Officer

Name
Connie Thompson
Title
President
Phone
4049641478
Signed
2023-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Connie Thompson
Formed
2001
Legal Domicile
Ga
Voting Board Members
22
Independent Board Members
22
Employees
0
Volunteers
0

Preparer

Firm
Anita Pittman CPA LLC
Address
1092 LONG LAUREL RIDGE DRIVE, LAKEMONT, GA 30552-2918
Preparer
Anita M Pittman
Phone
4044441728
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Supplies: program service expenses 11,513. Management and general expenses 89. Fundraising expenses 0. Total expenses 11,602. Technology expenses: program service expenses 0. Management and general expenses 11,287. Fundraising expenses 0. Total expenses 11,287. Professional fees: program service expenses 0. Management and general expenses 7,500. Fundraising expenses 0. Total expenses 7,500. Golf course fees: program service expenses 5,648. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,648. Printing: program service expenses 1,365. Management and general expenses 3,331. Fundraising expenses 0. Total expenses 4,696. Bank card fees: program service expenses 891. Management and general expenses 2,884. Fundraising expenses 0. Total expenses 3,775. Maintenance & repairs: program service expenses 0. Management and general expenses 1,436. Fundraising expenses 0. Total expenses 1,436. Miscellaneous expenses: program service expenses 0. Management and general expenses 451. Fundraising expenses 0. Total expenses 451. Postage & delivery: program service expenses 0. Management and general expenses 402. Fundraising expenses 0. Total expenses 402. Awards & recognition: program service expenses 0. Management and general expenses 200. Fundraising expenses 0. Total expenses 200. Business registration fee: program service expenses 0. Management and general expenses 30. Fundraising expenses 0. Total expenses 30.

Raw XML AppendixShowing 400 of 491 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.

Path#Value
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IRS990/AllOtherExpensesGrp/TotalAmt047027
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IRS990/BooksInCareOfDetail/PhoneNum04044441728
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01092 LONG LAUREL RIDGE DRIVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0LAKEMONT
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0GA
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IRS990/Desc0COMMUNITY SPONSORSHIP: THE ORGANIZATION, THROUGH ITS FUNDRAISING ACTIVITIES, SUPPORTS THE LAKE RABUN FUND MAINTAINED BY THE NORTH GEORGIA COMMUNITY FOUNDATION, A 501(C)(3) ORGANIZATION. IN 2022, THE FUND AWARDED FIFTEEN 4-YEAR SCHOLARSHIPS ($3,500 PER YEAR) FOR RABUN COUNTY STUDENTS ATTENDING ACCREDITED HIGHER LEARNING INSTITUTIONS, FIVE TECHNICAL SCHOOL SCHOLARSHIPS ($1,000 PER YEAR), AND TWO GRADUATE SCHOOL SCHOLARSHIPS ($5,000 NONRECURRING GRANTS). DURING 2022, THE LAKE RABUN FUND SUPPORTED A TOTAL OF 54 STUDENTS ACTIVELY SHARING $156,000 IN ANNUAL SCHOLARSHIP FUNDING. IN ADDITION, THE LAKE RABUN FUND DONATED $100,050 TO OVER 40 CHARITABLE ORGANIZATIONS OPERATING IN THE RABUN COUNTY COMMUNITY DURING 2022.
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IRS990/Form990PartVIISectionAGrp/PersonNm19CONNIE THOMPSON
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IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt18PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt19VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt20SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt21CFO
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IRS990/FormationYr02001
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IRS990/MissionDesc0LAKE RABUN ASSOCIATION, INC. IS A NONPROFIT, SOCIAL WELFARE ORGANIZATION DEDICATED TO NURTURING THE BEAUTY, SERENITY AND QUALITY OF LIFE ON OR AROUND LAKE RABUN. THE ORGANIZATION PROMOTES THE CONSERVATION AND PRESERVATION OF LAKE RABUN AND THE SURROUNDING COMMUNITY AS AN AESTHETIC, RECREATIONAL AND EDUCATIONAL RESOURCE FOR THE GENERAL PUBLIC.
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IRS990/ProgramServiceRevenueGrp/Desc0COMMUNITY EVENTS & PRO
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IRS990/ProgSrvcAccomActy2Grp/Desc0SOCIAL WELFARE: THE ORGANIZATION PROMOTES SOCIAL WELFARE AND QUALITY OF LIFE FOR LAKE RESIDENTS AND VISITORS THROUGH A VARIETY OF EVENTS, INCLUDING MEMORIAL DAY, FOURTH OF JULY, LABOR DAY, AND THANKSGIVING ACTIVITIES. THE ORGANIZATION ALSO SPONSORS OTHER COMMUNITY BASED PROGRAMS SUCH AS LAKE CLEAN UP DAYS, LAKE AND BOATER SAFETY TRAINING, AND EDUCATIONAL PROGRAMS.
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IRS990/ProgSrvcAccomActy3Grp/Desc0CONSERVATION AND PRESERVATION: THE ORGANIZATION'S LAKE CLEAN UP DAYS, LAKE AND BOATER SAFETY TRAINING, AND EDUCATIONAL PROGRAMS, AS WELL AS THE CONTRIBUTIONS OF ORGANIZATION VOLUNTEERS INVOLVED IN HEMLOCK TREATMENT AND ADOPT A TRAIL PROGRAMS, CONTRIBUTE SIGNIFICANTLY TO PRESERVATION OF THE LAKE AND SURROUNDING COMMUNITY FOR PUBLIC ENJOYMENT. THE ORGANIZATION, BASED UPON THE 2021 COMPLETION OF A STUDY REGARDING THE PHYSICAL AND ENVIRONMENTAL IMPACT OF SIGNIFICANT INCREASES IN WAKE AND WAVE ACTIVITY ON LAKE RABUN, INCREASED ITS EDUCATIONAL EFFORTS DURING 2022 TO MAXIMIZE WATER SAFETY FOR ALL RESIDENTS AND VISITORS.
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO NGCF-LAKE RABUN PAVILION, LLC
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SALES TAX PAYABLE
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SCHOLARSHIPS FOR GRADUATES OF RABUN COUNTY HIGH SCHOOLS AND COMMUNITY OUTREACH PROGRAMS.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0NORTH GEORGIA COMMUNITY FOUNDATION INC
IRS990ScheduleI/RecipientTable/RecipientEIN0581610318
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0340 JESSE JEWELL PKWY SE SUITE 605
IRS990ScheduleI/RecipientTable/USAddress/CityNm0GAINESVILLE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0GA
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION MAKES GRANTS AND CONTRIBUTIONS TO 501(C)(3) ORGANIZATIONS AND GOVERNMENT ENTITIES ONLY UPON VERIFICATION OF THE RECIPIENTS' TAX EXEMPT STATUS. THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES ALL ACTIVITIES AND PROGRAMS FUNDED BY GRANTS OR CONTRIBUTIONS FROM THE ORGANIZATION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RICHARD NEWKIRK, PRESIDENT, IS THE FATHER OF MARCHIE HEPNER, TRUSTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERSHIP IN THE ASSOCIATION IS AVAILABLE TO ALL INDIVIDUALS AND FAMILIES INTERESTED IN THE SOCIAL WELFARE OF THE LAKE RABUN COMMUNITY AND WHO HAVE DEMONSTRATED THAT INTEREST BY PAYMENT OF THE ANNUAL DUES. EACH CURRENT INDIVIDUAL MEMBER AND ONE REPRESENTATVE OF EACH FAMILY THAT IS A MEMBER PRESENT AT AN ANNUAL MEMBERSHIP MEETING IS ENTITLED TO ONE VOTE ON ANY MATTER OF BUSINESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIATION'S OFFICERS, OTHER THAN THE CHIEF FINANCIAL OFFICER, ARE ELECTED BY THE MAJORITY VOTE OF THE ASSOCIATION MEMBERSHIP PRESENT AT THE LABOR DAY WEEKEND MEMBERSHIP MEETING EACH YEAR AND SERVE FOR ONE-YEAR TERMS. THE CHIEF FINANICAL OFFICER IS APPOINTED BY THE OTHER MEMBERS OF THE EXECUTIVE COMMITTEE. AT EACH ANNUAL LABOR DAY WEEKEND MEMBERSHIP MEETING, FIVE TRUSTEES ARE ELECTED BY A MAJORITY VOTE OF THE ASSOCIATION MEMBERS PRESENT AND SERVE FOR THREE-YEAR TERMS. A CHAIRMAN OF THE BOARD IS ALSO ELECTED BY A MAJORITY VOTE OF THE ASSOCIATION MEMBERSHIP AT THE ANNUAL LABOR DAY WEEKEND MEMBERSHIP MEETING TO SERVE A ONE-YEAR TERM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ASSOCIATION'S TAX RETURN IS PREPARED BY ITS CHIEF FINANCIAL OFFICER WHO IS A CPA, AND IT IS REVIEWED BY MEMBERS OF THE ORGANIZATION'S EXECUTIVE COMMITTEE PRIOR TO FILING. A COPY OF THE RETURN IS AVAILABLE FOR REVIEW BY ALL MEMBERS OF THE BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MAINTAINED BY THE ASSOCIATION'S SECRETARY OR CFO. MEMBERS OF THE ORGANIZATION MAY VIEW ITS GOVERNING DOCUMENTS AND FINANICAL REPORTS IN THE MEMBERS ONLY SECTION OF THE ORGANIZATION'S WEBSITE. THESE DOCUMENTS AND REPORTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.

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