Civic Intelligence

Lake Forest Prop Owners Assoc Lake Forest Maring

990 • Fiscal year 2014 • EIN 63-0787921

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 09, 2015

1 Golf TerraceDaphne, AL 36526

(251) 626-0788

Siviq Scores

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

Liabilities / Assets

44th percentile

0.21x

Higher debt load relative to assets than 44% of similar nonprofits.

2014 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

33rd percentile

0.19x

Higher debt load relative to revenue than 33% of similar nonprofits.

2014 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2014

Net Margin

33rd percentile

-2.2%

Higher net margin than 33% of similar nonprofits.

2014 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

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

2014 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2014

Asset Growth

31st percentile

-2.4%

Faster asset growth than 31% of similar nonprofits.

2014 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

4th percentile

-29%

Faster revenue growth than 4% of similar nonprofits.

2014 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Down

$2,583,043

Down $63,137 (-2.4%) from 2013

Net Assets

Down

$2,028,302

Down $64,339 (-3.1%) from 2013

Liabilities

Up

$554,741

Up $1,202 (+0.2%) from 2013

Revenue

Down

$2,881,112

Down $1,161,371 (-29%) from 2013

Expenses

Down

$2,945,451

Down $293,856 (-9.1%) from 2013

Net Income

Down

-$64,339

Down $867,515 (-108%) from 2013

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: $2,348,173Liabilities 2011: $1,073,123Net Assets 2011: $1,275,0502011Assets 2012: $2,270,123Liabilities 2012: $980,658Net Assets 2012: $1,289,4652012Assets 2013: $2,646,180Liabilities 2013: $553,539Net Assets 2013: $2,092,6412013Assets 2014: $2,583,043Liabilities 2014: $554,741Net Assets 2014: $2,028,3022014Assets 2015: $2,544,175Liabilities 2015: $512,442Net Assets 2015: $2,031,7332015Assets 2016: $2,958,388Liabilities 2016: $589,606Net Assets 2016: $2,368,7822016Assets 2017: $3,496,946Liabilities 2017: $610,808Net Assets 2017: $2,886,1382017Assets 2018: $3,849,789Liabilities 2018: $854,124Net Assets 2018: $2,995,6652018Assets 2019: $4,385,057Liabilities 2019: $796,055Net Assets 2019: $3,589,0022019Assets 2020: $4,907,964Liabilities 2020: $728,076Net Assets 2020: $4,179,8882020Assets 2021: $5,004,953Liabilities 2021: $677,444Net Assets 2021: $4,327,5092021Assets 2022: $5,576,238Liabilities 2022: $1,154,661Net Assets 2022: $4,421,5772022Assets 2023: $5,662,152Liabilities 2023: $1,107,412Net Assets 2023: $4,554,7402023

Highlighted filing

2014

Assets$2,583,043
Liabilities$554,741
Net Assets$2,028,302

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $2,876,737Expenses 2011: $2,962,960Net Income 2011: -$86,2232011Revenue 2012: $2,877,492Expenses 2012: $2,850,575Net Income 2012: $26,9172012Revenue 2013: $4,042,483Expenses 2013: $3,239,307Net Income 2013: $803,1762013Revenue 2014: $2,881,112Expenses 2014: $2,945,451Net Income 2014: -$64,3392014Revenue 2015: $2,898,379Expenses 2015: $2,894,948Net Income 2015: $3,4312015Revenue 2016: $3,330,315Expenses 2016: $3,008,028Net Income 2016: $322,2872016Revenue 2017: $3,526,031Expenses 2017: $3,008,675Net Income 2017: $517,3562017Revenue 2018: $3,333,360Expenses 2018: $3,033,177Net Income 2018: $300,1832018Revenue 2019: $3,749,755Expenses 2019: $3,156,418Net Income 2019: $593,3372019Revenue 2020: $3,325,522Expenses 2020: $2,734,636Net Income 2020: $590,8862020Revenue 2021: $3,380,407Expenses 2021: $3,232,786Net Income 2021: $147,6212021Revenue 2022: $3,490,751Expenses 2022: $3,399,670Net Income 2022: $91,0812022Revenue 2023: $3,271,019Expenses 2023: $3,127,266Net Income 2023: $143,7532023

Highlighted filing

2014

Revenue$2,881,112
Expenses$2,945,451
Net Income-$64,339
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 9, 2015
Return Version
2014v5.0
Gross Receipts
$2,881,112
Mission and Program Overview

Mission

The association's primary purpose is to devote itself to the improvement and civic betterment of the lake forest development in baldwin county, alabama

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,637,659$1,698,305▲ $60,646
Accounts Receivable$422,815$415,189▼ $7,626
Cash and Non-Interest-Bearing Accounts$511,845$393,180▼ $118,665
Inventories for Sale or Use$40,933$42,628▲ $1,695
Prepaid Expenses and Deferred Charges$32,928$33,741▲ $813
Total Assets$2,646,180$2,583,043▼ $63,137
Liabilities
Deferred Revenue$348,805$336,363▼ $12,442
Accounts Payable and Accrued Expenses$97,281$131,378▲ $34,097
Other Liabilities$107,453$87,000▼ $20,453
Total Liabilities$553,539$554,741▲ $1,202
Net Assets / Fund Balance
Unrestricted Net Assets$2,092,641$2,028,302▼ $64,339
Total Net Assets Fund Balance$2,092,641$2,028,302▼ $64,339
Total Liabilities and Net Assets / Fund Balance$2,646,180$2,583,043▼ $63,137

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$2,490,283-$2,490,283
Equipment$1,013,120-$1,013,120
Land$783,275-$783,275
Buildings$455,130-$455,130
Other Land Buildings$-3,043,503$3,043,503-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mary Ann HamptonPresident
Ed KirbyVice-president
Arthur R AndersonDirector
Bill MenefeeDirector
Karen BowmanDirector
Richards KerseyDirector
Steve SasserDirector
Shane WeldonSecretary
Tony DeesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,880,801
Investment Income
$311
Other Revenue
$0
Change in Net Assets
$-64,339
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,908,664
Salaries, Compensation, and Employee Benefits$1,036,787
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons---$838,716
All Other Expenses---$333,574
Fees for Services Other---$327,604
Other Employee Benefits---$198,071
Depreciation Depletion---$162,479
Other Expenses---$161,367
Insurance---$112,611
Office Expenses---$46,380
Fees for Services Legal---$40,620
Advertising---$17,166
Fees for Services Accounting---$8,300
Interest---$3,557
Conferences and Meetings---$2,421
Total Functional Expenses$0$0$0$2,945,451
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
Leases Payable$56,967
Builders Damage Deposits$19,225
Ad Valorem Tax Payable$10,808
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The association consists of two classes of members. The first class is full voting members. They may vote for the election of directors and upon all matters which require a vote of the membership. The second class is associate members. They may vote for the election of directors and upon all other matters concerning the country club and golf course which require a vote of the membership, but no other matters.

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

The association consists of two classes of members. The first class is full voting members. They may vote for the election of directors and upon all matters which require a vote of the membership. The second class is associate members. They may vote for the election of directors and upon all other matters concerning the country club and golf course which require a vote of the membership, but no other matters.

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

The association consists of two classes of members. The first class is full voting members. They may vote for the election of directors and upon all matters which require a vote of the membership. The second class is associate members. They may vote for the election of directors and upon all other matters concerning the country club and golf course which require a vote of the membership, but no other matters.

Form 990, Part VI, Section B, Line 11

The association has a finance committee that reviews and approves the form 990.

Form 990, Part VI, Section C, Line 19

The association has form 990 and 990-t on file at the association's office. The form is available for public inspection upon request.

Filing and Contact Details

Filer

Filer Name
LAKE FOREST PROPERTY OWNERS' ASSOCIATION
EIN
63-0787921
Phone
2516260788
Address
1 GOLF TERRACE, DAPHNE, AL 36526

Signing Officer

Name
Mary Ann Hampton
Title
President
Phone
2516260788
Signed
2015-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Ann Hampton
Formed
1971
Legal Domicile
Al
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Robertson Andreoli & Covington Pc
Address
100 HAND AVENUE, BAY MINETTE, AL 36507
Preparer
James H Robertson
Phone
2519375561
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other fees for services 327,604.

Form 990, Part IX, Line 24E

Bad debts 119,199. Taxes & licenses 66,394. Fuel costs 53,643. Miscellaneous 30,452. Telephone 29,492. Merchandise costs 20,722. Uniforms & linens 11,872. Gas, oil & vehicle expenses 1,282. Contract labor 518.

Raw XML Appendix356 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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IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02490283
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt02490283
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0-3043503
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03043503
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt019225
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt156967
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt210808
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0BUILDERS DAMAGE DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LEASES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2AD VALOREM TAX PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01698305
IRS990ScheduleD/TotalLiabilityAmt087000
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION CONSISTS OF TWO CLASSES OF MEMBERS. THE FIRST CLASS IS FULL VOTING MEMBERS. THEY MAY VOTE FOR THE ELECTION OF DIRECTORS AND UPON ALL MATTERS WHICH REQUIRE A VOTE OF THE MEMBERSHIP. THE SECOND CLASS IS ASSOCIATE MEMBERS. THEY MAY VOTE FOR THE ELECTION OF DIRECTORS AND UPON ALL OTHER MATTERS CONCERNING THE COUNTRY CLUB AND GOLF COURSE WHICH REQUIRE A VOTE OF THE MEMBERSHIP, BUT NO OTHER MATTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ASSOCIATION CONSISTS OF TWO CLASSES OF MEMBERS. THE FIRST CLASS IS FULL VOTING MEMBERS. THEY MAY VOTE FOR THE ELECTION OF DIRECTORS AND UPON ALL MATTERS WHICH REQUIRE A VOTE OF THE MEMBERSHIP. THE SECOND CLASS IS ASSOCIATE MEMBERS. THEY MAY VOTE FOR THE ELECTION OF DIRECTORS AND UPON ALL OTHER MATTERS CONCERNING THE COUNTRY CLUB AND GOLF COURSE WHICH REQUIRE A VOTE OF THE MEMBERSHIP, BUT NO OTHER MATTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ASSOCIATION CONSISTS OF TWO CLASSES OF MEMBERS. THE FIRST CLASS IS FULL VOTING MEMBERS. THEY MAY VOTE FOR THE ELECTION OF DIRECTORS AND UPON ALL MATTERS WHICH REQUIRE A VOTE OF THE MEMBERSHIP. THE SECOND CLASS IS ASSOCIATE MEMBERS. THEY MAY VOTE FOR THE ELECTION OF DIRECTORS AND UPON ALL OTHER MATTERS CONCERNING THE COUNTRY CLUB AND GOLF COURSE WHICH REQUIRE A VOTE OF THE MEMBERSHIP, BUT NO OTHER MATTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ASSOCIATION HAS A FINANCE COMMITTEE THAT REVIEWS AND APPROVES THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ASSOCIATION HAS FORM 990 AND 990-T ON FILE AT THE ASSOCIATION'S OFFICE. THE FORM IS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OTHER FEES FOR SERVICES 327,604.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BAD DEBTS 119,199. TAXES & LICENSES 66,394. FUEL COSTS 53,643. MISCELLANEOUS 30,452. TELEPHONE 29,492. MERCHANDISE COSTS 20,722. UNIFORMS & LINENS 11,872. GAS, OIL & VEHICLE EXPENSES 1,282. CONTRACT LABOR 518.
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 A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02646180
IRS990/TotalAssetsEOYAmt02583043
IRS990/TotalAssetsGrp/BOYAmt02646180
IRS990/TotalAssetsGrp/EOYAmt02583043
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt02945451
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0553539
IRS990/TotalLiabilitiesEOYAmt0554741
IRS990/TotalLiabilitiesGrp/BOYAmt0553539
IRS990/TotalLiabilitiesGrp/EOYAmt0554741
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02092641
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02028302
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt01974132
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt01974132
IRS990/TotalProgramServiceRevenueAmt02880801
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0311
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02880801
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02881112
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02646180
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02583043
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02092641
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02028302
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01 GOLF TERRACE
IRS990/USAddress/CityNm0DAPHNE
IRS990/USAddress/StateAbbreviationCd0AL
IRS990/USAddress/ZIPCd036526
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MARY ANN HAMPTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02516260788
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAKE FOREST PROPERTY OWNERS' ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0LAKE
ReturnHeader/Filer/EIN0630787921
ReturnHeader/Filer/PhoneNum02516260788
ReturnHeader/Filer/USAddress/AddressLine1Txt01 GOLF TERRACE
ReturnHeader/Filer/USAddress/CityNm0DAPHNE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AL
ReturnHeader/Filer/USAddress/ZIPCd036526
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0631238802
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ROBERTSON ANDREOLI & COVINGTON PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0100 HAND AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BAY MINETTE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd036507
ReturnHeader/PreparerPersonGrp/PhoneNum02519375561
ReturnHeader/PreparerPersonGrp/PreparationDt02015-11-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES H ROBERTSON
ReturnHeader/ReturnTs02015-11-13T10:47:45-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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