Civic Intelligence

Lake Rosemound Assoication Inc

990 • Fiscal year 2016 • EIN 72-1223520

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 01, 2017

PO Box 1159St Francisville, LA 70775

(225) 635-3521

Siviq Scores

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

Liabilities / Assets

8th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

8th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2016

Net Margin

7th percentile

-16%

Higher net margin than 7% of similar nonprofits.

2016 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

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

2016 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2016

Asset Growth

27th percentile

-2.8%

Faster asset growth than 27% of similar nonprofits.

2016 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

75th percentile

9.4%

Faster revenue growth than 75% of similar nonprofits.

2016 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$1,031,820

Down $29,601 (-2.8%) from 2015

Net Assets

Down

$1,031,820

Down $29,601 (-2.8%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue

Up

$231,443

Up $19,811 (+9.4%) from 2015

Expenses

Up

$268,544

Up $146,550 (+120%) from 2015

Net Income

Down

-$37,101

Down $126,739 (-141%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2010: $263,399Liabilities 2010: $17Net Assets 2010: $263,3822010Assets 2011: $337,653Liabilities 2011: $02011Assets 2012: $495,273Liabilities 2012: $0Net Assets 2012: $495,2732012Assets 2013: $628,725Liabilities 2013: $0Net Assets 2013: $628,7252013Assets 2014: $717,489Liabilities 2014: $0Net Assets 2014: $717,4892014Assets 2015: $1,061,421Liabilities 2015: $0Net Assets 2015: $1,061,4212015Assets 2016: $1,031,820Liabilities 2016: $0Net Assets 2016: $1,031,8202016Assets 2017: $1,117,698Liabilities 2017: $0Net Assets 2017: $1,117,6982017Assets 2018: $1,238,182Liabilities 2018: $5,220Net Assets 2018: $1,232,9622018Assets 2019: $1,077,348Liabilities 2019: $0Net Assets 2019: $1,077,3482019Assets 2020: $911,744Liabilities 2020: $0Net Assets 2020: $911,7442020Assets 2021: $963,386Liabilities 2021: $0Net Assets 2021: $963,3862021Assets 2022: $1,067,829Liabilities 2022: $0Net Assets 2022: $1,067,8292022Assets 2023: $1,096,350Liabilities 2023: $0Net Assets 2023: $1,096,3502023Assets 2024: $1,001,636Liabilities 2024: $247Net Assets 2024: $1,001,3892024

Highlighted filing

2016

Assets$1,031,820
Liabilities$0
Net Assets$1,031,820

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2010: $197,204Expenses 2010: $172,845Net Income 2010: $24,3592010Revenue 2011: $186,458Expenses 2011: $101,013Net Income 2011: $85,4452011Revenue 2012: $227,814Expenses 2012: $94,380Net Income 2012: $133,4342012Revenue 2013: $216,758Expenses 2013: $88,732Net Income 2013: $128,0262013Revenue 2014: $207,390Expenses 2014: $118,626Net Income 2014: $88,7642014Revenue 2015: $211,632Expenses 2015: $121,994Net Income 2015: $89,6382015Revenue 2016: $231,443Expenses 2016: $268,544Net Income 2016: -$37,1012016Revenue 2017: $202,425Expenses 2017: $204,232Net Income 2017: -$1,8072017Revenue 2018: $221,257Expenses 2018: $106,062Net Income 2018: $115,1952018Revenue 2019: $219,546Expenses 2019: $126,735Net Income 2019: $92,8112019Revenue 2020: $241,352Expenses 2020: $406,956Net Income 2020: -$165,6042020Revenue 2021: $291,661Expenses 2021: $240,019Net Income 2021: $51,6422021Revenue 2022: $229,631Expenses 2022: $147,043Net Income 2022: $82,5882022Revenue 2023: $219,684Expenses 2023: $191,163Net Income 2023: $28,5212023Revenue 2024: $225,701Expenses 2024: $320,662Net Income 2024: -$94,9612024

Highlighted filing

2016

Revenue$231,443
Expenses$268,544
Net Income-$37,101
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 1, 2017
Return Version
2016v3.0
Gross Receipts
$231,443
Mission and Program Overview

Mission

Provide Social Activities for its members

Provide for the recreation and pleasure use of lake facilities for its 270 members and their families

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$568,946$539,345▼ $29,601
Other Notes and Loans Receivable, Net$250,000$250,000→ $0
Land, Buildings, and Equipment, Net$242,425$242,425→ $0
Prepaid Expenses and Deferred Charges$50$50→ $0
Total Assets$1,061,421$1,031,820▼ $29,601
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$1,061,421$1,031,820▼ $29,601
Total Net Assets Fund Balance$1,061,421$1,031,820▼ $29,601
Total Liabilities and Net Assets / Fund Balance$1,061,421$1,031,820▼ $29,601

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$231,963$173,094$405,057
Buildings$6,337-$6,337
Equipment$4,125-$4,125
Compensation and Service Providers

Board Members and Trustees

NameTitle
Debbie EldredgePresident
Don ZeringueVice President
Chip SavoieBoard Member
Don HaiglerBoard Member
Ed DuheBoard Member
Kip ChivalierBoard Member
Nathan CobbBoard Member
Kristina BraudSecretary
Stacey KingTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$225,015
Investment Income
$5,428
Other Revenue
$1,000
Change in Net Assets
$-37,101
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$268,544
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$42,593--$42,593
Fees for Services Legal$17,540--$17,540
All Other Expenses$15,969--$15,969
Insurance$15,188--$15,188
Fees for Services Management$6,000--$6,000
Office Expenses$1,867--$1,867
Fees for Services Accounting$1,760--$1,760
Occupancy$1,519--$1,519
Total Functional Expenses$268,544$0$0$268,544
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
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

The organization has stockholders.

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

The membership elects the governing board by annual ballot voting.

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

Organization does not have a formal written policy stating tax returns are reviewed by all members of the governing body. The completed tax return is made available to all members upon request.

Form 990, Part VI, Section C, Line 19

Documents are made available through request of the member.

Filing and Contact Details

Filer

Filer Name
Lake Rosemound Association Inc
EIN
72-1223520
Phone
2256353521
Address
PO BOX 1159, ST FRANCISVILLE, LA 70775

Signing Officer

Name
Stacey King
Title
Treasurer
Phone
2256353521
Signed
2017-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stacey King
Formed
1991
Legal Domicile
La
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
50

Preparer

Firm
Postlethwaite & Netterville
Address
8550 UNITED PLAZA BLVD SUITE 1001, BATON ROUGE, LA 70809
Preparer
William S Sandahl
Phone
2259224600
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Additional membership capital 7,500.

Raw XML Appendix400 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS STOCKHOLDERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERSHIP ELECTS THE GOVERNING BOARD BY ANNUAL BALLOT VOTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZATION DOES NOT HAVE A FORMAL WRITTEN POLICY STATING TAX RETURNS ARE REVIEWED BY ALL MEMBERS OF THE GOVERNING BODY. THE COMPLETED TAX RETURN IS MADE AVAILABLE TO ALL MEMBERS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE MADE AVAILABLE THROUGH REQUEST OF THE MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ADDITIONAL MEMBERSHIP CAPITAL 7,500.
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 C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
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ReturnHeader/FilingSecurityInformation/IPDt02017-11-01
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm015:04:45
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0721202445
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08550 UNITED PLAZA BLVD SUITE 1001
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ReturnHeader/PreparerPersonGrp/PhoneNum02259224600
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM S SANDAHL
ReturnHeader/ReturnTs02017-11-08T13:25:35-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.00$0.00$1.00$0.23$0.32$0.09
2023Detailed filing. Detailed filing data is available for this year.$1.10$0.00$1.10$0.22$0.19$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.07$0.00$1.07$0.23$0.15$0.08
2021Detailed filing. Detailed filing data is available for this year.$0.96$0.00$0.96$0.29$0.24$0.05
2020Detailed filing. Detailed filing data is available for this year.$0.91$0.00$0.91$0.24$0.41$0.17
2019Detailed filing. Detailed filing data is available for this year.$1.08$0.00$1.08$0.22$0.13$0.09
2018Detailed filing. Detailed filing data is available for this year.$1.24$0.01$1.23$0.22$0.11$0.12
2017Detailed filing. Detailed filing data is available for this year.$1.12$0.00$1.12$0.20$0.20$0.00
2016Detailed filing. Detailed filing data is available for this year.$1.03$0.00$1.03$0.23$0.27$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.06$0.00$1.06$0.21$0.12$0.09
2014Detailed filing. Detailed filing data is available for this year.$0.72$0.00$0.72$0.21$0.12$0.09
2013Detailed filing. Detailed filing data is available for this year.$0.63$0.00$0.63$0.22$0.09$0.13
2012Summary only. Only limited summary data is available for this year.$0.50$0.00$0.50$0.23$0.09$0.13
2011Summary only. Only limited summary data is available for this year.$0.34$0.00$0.19$0.10$0.09
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.26$0.00$0.26$0.20$0.17$0.02