Civic Intelligence

Lake Panasoffkee Water Association Inc

EIN 59-1236062 • 501(c)12 • Lake Panasoffkee, FL

Profile

To maintain a rural water utility which provides potable water to its members living in the lake panasoffkee, florida area

1165 Cr 465Lake Panasoffkee, FL 33538

lakepanwater.com

Siviq Scores

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

Liabilities / Assets

31st percentile

0.06x

Higher debt load relative to assets than 31% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

31st percentile

0.19x

Higher debt load relative to revenue than 31% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Source year 2025

Net Margin

28th percentile

-3.4%

Higher net margin than 28% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

71st percentile

$600

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

501(c)12 • $1M-$5M nonprofits • Source year 2025

Asset Growth

42nd percentile

-0.1%

Faster asset growth than 42% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

65th percentile

12%

Faster revenue growth than 65% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets31st percentile

Assets

Down

$2,028,981

Down $123,875 (-5.8%) from 2023

Liabilities

Up

$125,740

Up $14,360 (+13%) from 2023

Net Assets

Down

$1,903,241

Down $138,235 (-6.8%) from 2023

Operations
Liabilities / Revenue31st percentileNet Margin28th percentile

Revenue

Up

$675,335

Up $57,750 (+9.4%) from 2023

Expenses

Up

$698,150

Up $31,415 (+4.7%) from 2023

Net Income

Up

-$22,815

Up $26,335 (+54%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth42nd percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $2,464,825Liabilities 2011: $56,687Net Assets 2011: $2,408,1382011Assets 2012: $2,476,078Liabilities 2012: $80,188Net Assets 2012: $2,395,8902012Assets 2013: $2,435,624Liabilities 2013: $68,109Net Assets 2013: $2,367,5152013Assets 2014: $2,342,370Liabilities 2014: $60,477Net Assets 2014: $2,281,8932014Assets 2015: $2,280,244Liabilities 2015: $59,883Net Assets 2015: $2,220,3612015Assets 2016: $2,247,537Liabilities 2016: $72,944Net Assets 2016: $2,174,5932016Assets 2017: $2,252,770Liabilities 2017: $67,314Net Assets 2017: $2,185,4562017Assets 2018: $2,247,512Liabilities 2018: $79,122Net Assets 2018: $2,168,3902018Assets 2019: $2,285,658Liabilities 2019: $72,218Net Assets 2019: $2,213,4402019Assets 2020: $2,281,441Liabilities 2020: $68,693Net Assets 2020: $2,212,7482020Assets 2021: $2,256,964Liabilities 2021: $82,844Net Assets 2021: $2,174,1202021Assets 2022: $2,192,149Liabilities 2022: $94,923Net Assets 2022: $2,097,2262022Assets 2023: $2,152,856Liabilities 2023: $111,380Net Assets 2023: $2,041,4762023Assets 2025: $2,028,981Liabilities 2025: $125,740Net Assets 2025: $1,903,2412025

Highlighted filing

2025

Assets$2,028,981
Liabilities$125,740
Net Assets$1,903,241
Open 2025 Filing

Operations Trend

Revenue Growth65th percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2011: $477,239Expenses 2011: $444,412Net Income 2011: $32,8272011Revenue 2012: $464,517Expenses 2012: $476,755Net Income 2012: -$12,2382012Revenue 2013: $465,757Expenses 2013: $494,082Net Income 2013: -$28,3252013Revenue 2014: $467,750Expenses 2014: $553,332Net Income 2014: -$85,5822014Revenue 2015: $473,885Expenses 2015: $535,737Net Income 2015: -$61,8522015Revenue 2016: $479,782Expenses 2016: $525,490Net Income 2016: -$45,7082016Revenue 2017: $517,708Expenses 2017: $515,517Net Income 2017: $2,1912017Revenue 2018: $494,676Expenses 2018: $496,154Net Income 2018: -$1,4782018Revenue 2019: $514,534Expenses 2019: $469,399Net Income 2019: $45,1352019Revenue 2020: $538,953Expenses 2020: $539,825Net Income 2020: -$8722020Revenue 2021: $535,249Expenses 2021: $573,882Net Income 2021: -$38,6332021Revenue 2022: $528,076Expenses 2022: $605,035Net Income 2022: -$76,9592022Revenue 2023: $617,585Expenses 2023: $666,735Net Income 2023: -$49,1502023Revenue 2025: $675,335Expenses 2025: $698,150Net Income 2025: -$22,8152025

Highlighted filing

2025

Revenue$675,335
Expenses$698,150
Net Income-$22,815
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$2,028,981
Liabilities
$125,740
Net assets
$1,903,241
Revenue
$675,335
Expenses
$698,150
Net income
-$22,815
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.03$0.13$1.90$0.68$0.70$0.02
2023Summary only. Only limited summary data is available for this year.$2.15$0.11$2.04$0.62$0.67$0.05
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.19$0.09$2.10$0.53$0.61$0.08
2021Summary only. Only limited summary data is available for this year.$2.26$0.08$2.17$0.54$0.57$0.04
2020Summary only. Only limited summary data is available for this year.$2.28$0.07$2.21$0.54$0.54$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.29$0.07$2.21$0.51$0.47$0.05
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.25$0.08$2.17$0.49$0.50$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.25$0.07$2.19$0.52$0.52$0.00
2016Summary only. Only limited summary data is available for this year.$2.25$0.07$2.17$0.48$0.53$0.05
2015Summary only. Only limited summary data is available for this year.$2.28$0.06$2.22$0.47$0.54$0.06
2014Summary only. Only limited summary data is available for this year.$2.34$0.06$2.28$0.47$0.55$0.09
2013Summary only. Only limited summary data is available for this year.$2.44$0.07$2.37$0.47$0.49$0.03
2012Summary only. Only limited summary data is available for this year.$2.48$0.08$2.40$0.46$0.48$0.01
2011Summary only. Only limited summary data is available for this year.$2.46$0.06$2.41$0.48$0.44$0.03
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Jan 22, 2026
Return Version
2024v5.5
Gross Receipts
$675,335
Mission and Program Overview

Mission

To maintain a rural water utility which provides potable water to its members living in the lake panasoffkee, florida area

To maintain a rural water utility

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,853,443$1,830,511▼ $22,932
Savings and Temporary Cash Investments$966,568$996,028▲ $29,460
Land, Buildings, and Equipment, Net$591,903$538,297▼ $53,606
Cash and Non-Interest-Bearing Accounts$416,138$436,395▲ $20,257
Cap Stk Tr Prin Current Funds$72,705$72,730▲ $25
Inventories for Sale or Use$46,009$46,799▲ $790
Accounts Receivable$10,786$10,947▲ $161
Prepaid Expenses and Deferred Charges$257$515▲ $258
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$2,031,661$2,028,981▼ $2,680
Liabilities
Other Liabilities$75,602$78,071▲ $2,469
Accounts Payable and Accrued Expenses$29,911$47,669▲ $17,758
Total Liabilities$105,513$125,740▲ $20,227
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,926,148$1,903,241▼ $22,907
Total Liabilities and Net Assets / Fund Balance$2,031,661$2,028,981▼ $2,680

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$315,636$2,088,243$2,403,879
Equipment$20,224$187,954$208,178
Land$173,076-$173,076
Buildings$29,361$52,128$81,489
Compensation and Service Providers
Top Officer Pay71st percentile

Employees

NameTitleBaseTotal
Joel MerrittPresident$600$600
Albert BakerDirector$600$600
Margaret Sue HackettDirector$600$600
Mark WeberVice-president$600$600
Robert NorrisSecretary/treasurer$600$600
Jacquelyn CookDirector$300$300
Terry DickersonDirector$200$200
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$644,899
Investment Income
$30,436
Other Revenue
$0
Change in Net Assets
$-22,815
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$373,309
Other Expenses$324,841
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$238,497--$238,497
Occupancy$143,689--$143,689
Other Employee Benefits$113,275--$113,275
Depreciation Depletion$63,528--$63,528
Insurance$34,459--$34,459
Office Expenses$18,801--$18,801
Payroll Taxes$18,037--$18,037
All Other Expenses$10,500--$10,500
Fees for Services Accounting$9,074--$9,074
Fees for Services Other$5,483--$5,483
Other Expenses$4,702--$4,702
Current Officers, Directors, Trustees, and Key Employees$3,500--$3,500
Fees for Services Legal$1,511--$1,511
Total Functional Expenses$698,150$0$0$698,150
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unearned Revenue$55,871
Customer Deposits$22,200
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
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, Part VI, Section A, Line 6

“Members are those who receive potable water and other water utility services from the association.”

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

“The board of directors is elected by the association's members”

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

“The board reviews form 990 and it is then signed by the president”

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

“Directors shall not be anyone who has been a paid employee of the water association during the past two years. The board of directors shall not hire a person as an employee who has held a position as director during the past two years. The spouse of a director or employee or their immediate relation cannot be a director or employee at the same time their spouse holds a position with the water association.”

Form 990, Part VI, Section B, Line 15

“Compensation requests are submitted to and reviewed by the board and voted on at board meetings. Results of such voting is reflected in the board minutes. Compensation is based on the employee's worth to the company. No comparability data is used.”

Form 990, Part VI, Section C, Line 19

“Available at association office upon request”

Filing and Contact Details

Filer

Filer Name
Lake Panasoffkee Water Association Inc
EIN
59-1236062
Phone
3527934236
Address
1165 CR 465, LAKE PANASOFFKEE, FL 33538

Signing Officer

Name
Joel Merritt
Title
President
Phone
3527934236
Signed
2026-01-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joel Merritt
Formed
1965
Legal Domicile
Fl
Voting Board Members
6
Independent Board Members
6
Employees
6
Volunteers
0

Preparer

Firm
DUGGAN JOINER & COMPANY CPA'S
Address
334 NW 3RD AVENUE, OCALA, FL 34475
Preparer
Jeremy Applegate CPA
Phone
3527320171
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Increase in membership equity 25. Unrealized gain/loss -117.”

Raw XML Appendix369 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
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt029911
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt047669
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IRS990/AccountsReceivableGrp/EOYAmt010947
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO MAINTAIN A RURAL WATER UTILITY
IRS990/AllOtherExpensesGrp/ProgramServicesAmt010500
IRS990/AllOtherExpensesGrp/TotalAmt010500
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/PersonNm0DAVID SPRINGSTEAD
IRS990/BooksInCareOfDetail/PhoneNum03527934236
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01165 CR 465
IRS990/BooksInCareOfDetail/USAddress/CityNm0LAKE PANASOFFKEE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd033538
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IRS990/CashNonInterestBearingGrp/BOYAmt0416138
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IRS990/ChangeToOrgDocumentsInd00
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IRS990/CollectionsOfArtInd00
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IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt03500
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
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IRS990/CYTotalRevenueAmt0675335
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt063528
IRS990/DepreciationDepletionGrp/TotalAmt063528
IRS990/Desc0THE WATER ASSOCIATION MAINTAINS A RURAL WATER UTILITY WHICH PROVIDES POTABLE WATER TO APPROXIMATELY 1500 MEMBERS LIVING IN THE LAKE PANASOFFKEE, FLORIDA AREA
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
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IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt06
IRS990/EmploymentTaxReturnsFiledInd00
IRS990/ExpenseAmt0698150
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IRS990/FeesForServicesAccountingGrp/TotalAmt09074
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IRS990/ForeignFinancialAccountInd00
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.50
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
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IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0JOEL MERRITT
IRS990/Form990PartVIISectionAGrp/PersonNm1MARK WEBER
IRS990/Form990PartVIISectionAGrp/PersonNm2ALBERT BAKER
IRS990/Form990PartVIISectionAGrp/PersonNm3ROBERT NORRIS
IRS990/Form990PartVIISectionAGrp/PersonNm4TERRY DICKERSON
IRS990/Form990PartVIISectionAGrp/PersonNm5MARGARET SUE HACKETT
IRS990/Form990PartVIISectionAGrp/PersonNm6JACQUELYN COOK
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990/MoreThan5000KToIndividualsInd00
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IRS990/OperateHospitalInd00
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IRS990/OrgDoesNotFollowFASB117Ind0X
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IRS990/OtherExpensesGrp/Desc0VEHICLE EXPENSES
IRS990/OtherExpensesGrp/Desc1OTHER ADMIN EXPENSES
IRS990/OtherExpensesGrp/Desc2UNIFORM MAINTENANCE
IRS990/OtherExpensesGrp/Desc3SYSTEM MATERIALS AND SU
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IRS990/PartialLiquidationInd00
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IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0257
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0515
IRS990/PrincipalOfficerNm0JOEL MERRITT
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/BusinessCd2221000
IRS990/ProgramServiceRevenueGrp/BusinessCd3221000
IRS990/ProgramServiceRevenueGrp/Desc0WATER SALES
IRS990/ProgramServiceRevenueGrp/Desc1INSTALLATION FEES
IRS990/ProgramServiceRevenueGrp/Desc2LATE FEES, DEPOSIT FOR
IRS990/ProgramServiceRevenueGrp/Desc3REINSTATEMENT/TRANSFER
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0585089
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt127677
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt217013
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt315120
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0585089
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt127677
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt217013
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt315120
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt040255
IRS990/PYOtherExpensesAmt0348140
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0563188
IRS990/PYRevenuesLessExpensesAmt0-122956
IRS990/PYSalariesCompEmpBnftPaidAmt0378259
IRS990/PYTotalExpensesAmt0726399
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0603443
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-22815
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01853443
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01830511
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0966568
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0996028
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt029361
IRS990ScheduleD/BuildingsGrp/DepreciationAmt052128
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt081489
IRS990ScheduleD/EquipmentGrp/BookValueAmt020224
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0187954
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0208178
IRS990ScheduleD/LandGrp/BookValueAmt0173076
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0173076
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0315636
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02088243
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02403879
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt022200
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt155871
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1UNEARNED REVENUE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0538297
IRS990ScheduleD/TotalLiabilityAmt078071
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERS ARE THOSE WHO RECEIVE POTABLE WATER AND OTHER WATER UTILITY SERVICES FROM THE ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS IS ELECTED BY THE ASSOCIATION'S MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD REVIEWS FORM 990 AND IT IS THEN SIGNED BY THE PRESIDENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DIRECTORS SHALL NOT BE ANYONE WHO HAS BEEN A PAID EMPLOYEE OF THE WATER ASSOCIATION DURING THE PAST TWO YEARS. THE BOARD OF DIRECTORS SHALL NOT HIRE A PERSON AS AN EMPLOYEE WHO HAS HELD A POSITION AS DIRECTOR DURING THE PAST TWO YEARS. THE SPOUSE OF A DIRECTOR OR EMPLOYEE OR THEIR IMMEDIATE RELATION CANNOT BE A DIRECTOR OR EMPLOYEE AT THE SAME TIME THEIR SPOUSE HOLDS A POSITION WITH THE WATER ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION REQUESTS ARE SUBMITTED TO AND REVIEWED BY THE BOARD AND VOTED ON AT BOARD MEETINGS. RESULTS OF SUCH VOTING IS REFLECTED IN THE BOARD MINUTES. COMPENSATION IS BASED ON THE EMPLOYEE'S WORTH TO THE COMPANY. NO COMPARABILITY DATA IS USED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AVAILABLE AT ASSOCIATION OFFICE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6INCREASE IN MEMBERSHIP EQUITY 25. UNREALIZED GAIN/LOSS -117.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02031661
IRS990/TotalAssetsEOYAmt02028981
IRS990/TotalAssetsGrp/BOYAmt02031661
IRS990/TotalAssetsGrp/EOYAmt02028981
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0698150
IRS990/TotalFunctionalExpensesGrp/TotalAmt0698150
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0105513
IRS990/TotalLiabilitiesEOYAmt0125740
IRS990/TotalLiabilitiesGrp/BOYAmt0105513
IRS990/TotalLiabilitiesGrp/EOYAmt0125740
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01926148
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01903241
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0698150
IRS990/TotalProgramServiceRevenueAmt0644899
IRS990/TotalReportableCompFromOrgAmt03500
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0675335
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0675335
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02031661
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02028981
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01165 CR 465
IRS990/USAddress/CityNm0LAKE PANASOFFKEE
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033538
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0LAKEPANWATER.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOEL MERRITT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03527934236
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-01-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAKE PANASOFFKEE WATER ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0LAKE
ReturnHeader/Filer/EIN0591236062
ReturnHeader/Filer/PhoneNum03527934236
ReturnHeader/Filer/USAddress/AddressLine1Txt01165 CR 465
ReturnHeader/Filer/USAddress/CityNm0LAKE PANASOFFKEE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033538
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0591349759
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DUGGAN JOINER & COMPANY CPA'S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0334 NW 3RD AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OCALA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd034475
ReturnHeader/PreparerPersonGrp/PhoneNum03527320171
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEREMY APPLEGATE CPA
ReturnHeader/ReturnTs02026-01-24T09:50:42-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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