Civic Intelligence

Lake Rosemound Assoication Inc

990 • Fiscal year 2020 • EIN 72-1223520

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 16, 2021

Organization ProfileLAKEROSEMOUND.ORG
10472 Lindsey LaneSt Francisville, LA 70775

(225) 635-3521

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

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

2020 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

26th percentile

0.00x

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

2020 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2020

Net Margin

4th percentile

-69%

Higher net margin than 4% of similar nonprofits.

2020 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

86th percentile

$0

Higher top officer pay than 86% of similar nonprofits.

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

2020 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2020

Asset Growth

6th percentile

-15%

Faster asset growth than 6% of similar nonprofits.

2020 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

82nd percentile

9.9%

Faster revenue growth than 82% of similar nonprofits.

2020 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets26th percentile

Assets

Down

$911,744

Down $165,604 (-15%) from 2019

Net Assets

Down

$911,744

Down $165,604 (-15%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue26th percentileNet Margin4th percentile

Revenue

Up

$241,352

Up $21,806 (+9.9%) from 2019

Expenses

Up

$406,956

Up $280,221 (+221%) from 2019

Net Income

Down

-$165,604

Down $258,415 (-278%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

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

2020

Assets$911,744
Liabilities$0
Net Assets$911,744
Open 2020 Filing

Operations Trend

Revenue Growth82nd percentile

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

2020

Revenue$241,352
Expenses$406,956
Net Income-$165,604
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 16, 2021
Return Version
2020v4.1
Gross Receipts
$241,352
Mission and Program Overview

Mission

Provide Social Activities for its members

Provide for the recreation and pleasure use of lake facilities for its 300 members (cont'd sch. O) and their families

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$760,767$644,204▼ $116,563
Savings and Temporary Cash Investments-$203,882-
Receivable From Disqualified Prsn$101,510--
Land, Buildings, and Equipment, Net$22,708$43,617▲ $20,909
Prepaid Expenses and Deferred Charges$42,363$19,991▼ $22,372
Total Assets$1,077,348$911,744▼ $165,604
Other Assets Total$150,000$50▼ $149,950
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,077,348$911,744▼ $165,604
Total Net Assets Fund Balance$1,077,348$911,744▼ $165,604
Total Liabilities and Net Assets / Fund Balance$1,077,348$911,744▼ $165,604

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$0$405,057$405,057
Equipment$43,617$13,412$57,029
Buildings$0$6,337$6,337
Compensation and Service Providers
Top Officer Pay86th percentile

Board Members and Trustees

NameTitle
Kathy TerryPresident
Manny DumatraitVice-president
Calvin SchoonmakerBoard Member
Emily CobbBoard Member
Lisa CuevasBoard Member
Terry WaldenBoard Member
Kay HowellCo-treasurer
Kerry BrouilletteCo-treasurer
Elmo DeanSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$225,970
Investment Income
$15,382
Other Revenue
$0
Change in Net Assets
$-165,604
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$406,956
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
Fees for Services Accounting-$19,398-$19,398
Insurance-$17,245-$17,245
Fees for Services Management$14,609--$14,609
Other Expenses$13,362$276,578-$13,362
All Other Expenses$11,582$62-$11,644
Depreciation Depletion$7,223--$7,223
Fees for Services Legal-$5,484-$5,484
Occupancy-$4,704-$4,704
Office Expenses$10$4,257-$4,267
Total Functional Expenses$76,316$330,640$0$406,956
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons$101,510--
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 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
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 voting”

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

“The organization engages an independent cpa firm to prepare the organization's financial statements and the form 990. Once the independent cpa firm finishes the form 990, it reviews the return with the organization before it is finalized. The organization does not have a formal written policy stating tax returns are reviewed by all members of the governing body but 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
10472 LINDSEY LANE, ST FRANCISVILLE, LA 70775

Signing Officer

Name
Kathy Terry
Title
President
Phone
2256353521
Signed
2021-08-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathy Terry
Formed
1991
Legal Domicile
La
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Laporte Apac
Address
111 VETERANS MEMORIAL BLVD 600, METAIRIE, LA 70005-4958
Preparer
John S Wiles CPA
Phone
5048355522
Raw XML Appendix392 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS STOCKHOLDERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERSHIP ELECTS THE GOVERNING BOARD BY ANNUAL VOTING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION ENGAGES AN INDEPENDENT CPA FIRM TO PREPARE THE ORGANIZATION'S FINANCIAL STATEMENTS AND THE FORM 990. ONCE THE INDEPENDENT CPA FIRM FINISHES THE FORM 990, IT REVIEWS THE RETURN WITH THE ORGANIZATION BEFORE IT IS FINALIZED. THE ORGANIZATION DOES NOT HAVE A FORMAL WRITTEN POLICY STATING TAX RETURNS ARE REVIEWED BY ALL MEMBERS OF THE GOVERNING BODY BUT 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/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
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0LAKE ROSEMOUND
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0LA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0PROVIDE LAKE DREDGING SERVICES FOR MEMBERS OF LAKE ROSEMOUND
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0LAKE ROSEMOUND DREDGING CONTRACTORS LLC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt069099
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt0-14932
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt012672 SPARTAN LANE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0ST FRANCISVILLE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0LA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd070775
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd01
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01077348
IRS990/TotalAssetsEOYAmt0911744
IRS990/TotalAssetsGrp/BOYAmt01077348
IRS990/TotalAssetsGrp/EOYAmt0911744
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0330640
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt076316
IRS990/TotalFunctionalExpensesGrp/TotalAmt0406956
IRS990/TotalGrossUBIAmt015382
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01077348
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0911744
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt076316
IRS990/TotalProgramServiceRevenueAmt0225970
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0225970
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0241352
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt015382
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01077348
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0911744
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 1159
IRS990/USAddress/CityNm0ST FRANCISVILLE
IRS990/USAddress/StateAbbreviationCd0LA
IRS990/USAddress/ZIPCd070775
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0LAKEROSEMOUND.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KATHY TERRY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02256353521
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-08-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAKE ROSEMOUND ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0LAKE
ReturnHeader/Filer/EIN0721223520
ReturnHeader/Filer/PhoneNum02256353521
ReturnHeader/Filer/USAddress/AddressLine1Txt010472 LINDSEY LANE
ReturnHeader/Filer/USAddress/CityNm0ST FRANCISVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA
ReturnHeader/Filer/USAddress/ZIPCd070775
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0721088864
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LAPORTE APAC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0111 VETERANS MEMORIAL BLVD 600
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0METAIRIE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0700054958
ReturnHeader/PreparerPersonGrp/PhoneNum05048355522
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN S WILES CPA
ReturnHeader/ReturnTs02021-09-21T07:54:36-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KATHY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0TERRY
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$911,744
Liabilities
$0
Net assets
$911,744
Revenue
$241,352
Expenses
$406,956
Net income
-$165,604
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