Civic Intelligence

Lake Norman Airpark Owners Association Inc

EIN 81-0549536 • 501(c)4 • Mooresville, NC

990-N CoverageNTEE W40

Profile

Operation of a public use airport

341 Normandy RoadMooresville, NC 28117

n/A

Siviq Scores

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

Liabilities / Assets

84th percentile

0.07x

Higher debt load relative to assets than 84% of similar nonprofits.

NTEE W • <$500k nonprofits • Source year 2024

Liabilities / Revenue

89th percentile

0.18x

Higher debt load relative to revenue than 89% of similar nonprofits.

NTEE W • <$500k nonprofits • Source year 2024

Net Margin

86th percentile

68%

Higher net margin than 86% of similar nonprofits.

NTEE W • <$500k nonprofits • Source year 2024

Top Officer Pay

90th percentile

$0

Higher top officer pay than 90% of similar nonprofits.

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

NTEE W • <$500k nonprofits • Source year 2024

Asset Growth

76th percentile

38%

Faster asset growth than 76% of similar nonprofits.

NTEE W • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

79th percentile

59%

Faster revenue growth than 79% of similar nonprofits.

NTEE W • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$310,833

Up $84,821 (+38%) from 2023

Liabilities

Down

$22,505

Down $20 (-0.1%) from 2023

Net Assets

Up

$288,328

Up $84,841 (+42%) from 2023

Operations
Liabilities / Revenue89th percentileNet Margin86th percentile

Revenue

Up

$124,214

Up $45,872 (+59%) from 2023

Expenses

Down

$39,373

Down $55,528 (-59%) from 2023

Net Income

Up

$84,841

Up $101,400 (+612%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth76th percentile

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

$400K$300K$200K$100K$0Assets 2022: $220,046Net Assets 2022: $220,0462022Assets 2023: $226,012Liabilities 2023: $22,525Net Assets 2023: $203,4872023Assets 2024: $310,833Liabilities 2024: $22,505Net Assets 2024: $288,3282024

Highlighted filing

2024

Assets$310,833
Liabilities$22,505
Net Assets$288,328
Open 2024 Filing

Operations Trend

Revenue Growth79th percentile

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

$150K$100K$50K$0-$50KRevenue 2022: $75,552Expenses 2022: $31,609Net Income 2022: $43,9432022Revenue 2023: $78,342Expenses 2023: $94,901Net Income 2023: -$16,5592023Revenue 2024: $124,214Expenses 2024: $39,373Net Income 2024: $84,8412024

Highlighted filing

2024

Revenue$124,214
Expenses$39,373
Net Income$84,841
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$310,833
Liabilities
$22,505
Net assets
$288,328
Revenue
$124,214
Expenses
$39,373
Net income
$84,841
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.11$0.23$2.88$1.24$0.39$0.85
2023Detailed filing. Detailed filing data is available for this year.$2.26$0.23$2.03$0.78$0.95$0.17
2022Detailed filing. Detailed filing data is available for this year.$2.20$2.20$0.76$0.32$0.44
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 30, 2025
Return Version
2024v5.1
Gross Receipts
$124,214
Mission and Program Overview

Mission

Operation of a public use airport

Program Services

DescriptionGrantsExpenses
Maintaining of the common area surrounding the public userunway, the runway lighting, and airport beacon$0$26,160
Conducting a public Festival of Flight gatheringpromoting the public use of the airport$0$931
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark MayerchakPresident-$0--
David LandersTreasurer-$0--
Chris CrabtreeSecretary-$0--
Nicky WattsMember At Large-$0--
Karen BensonMember At Large-$0--
Filing and Contact Details

Filer

Filer Name
Lake Norman Airpark Owners Association Inc
EIN
81-0549536
Phone
7133062767
Address
341 Normandy Road, Mooresville, NC 28117

Signing Officer

Name
David Landers
Title
Treasurer
Phone
7133062767
Signed
2025-04-30
Discuss with paid preparer
Yes

Preparer

Firm
Deane CPA PLLC
Address
9820 Northcross Center Ct Ste 146, Huntersville, NC 28078
Preparer
Donald J Deane CPA
Phone
7047971844
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 8

“Lot Funds 38693.”

Form 990EZ, Part I, Line 16

“Insurance 4684.”

Form 990EZ, Part I, Line 16

“Festival of Flight 931.”

Form 990EZ, Part II, Line 26

“Pre-Collected Dues 22525. 22505.”

Raw XML Appendix135 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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IRS990EZ/BooksInCareOfDetail/PersonNm0David Landers
IRS990EZ/BooksInCareOfDetail/PhoneNum07133062767
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0123 Rutan Ct
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Mooresville
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd028117
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0226012
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0310833
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt00
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt084841
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt028525
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0226012
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0310833
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt0124214
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt06538
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt078983
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0203487
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0288328
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0203487
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0288328
IRS990EZ/OccupancyRentUtltsAndMaintAmt05233
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt12.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt41.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Mark Mayerchak
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1David Landers
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Chris Crabtree
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Nicky Watts
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Karen Benson
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Member at Large
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Member at Large
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt05615
IRS990EZ/OtherRevenueTotalAmt038693
IRS990EZ/PrimaryExemptPurposeTxt0Operation of a public use airport
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Maintaining of the common area surrounding the public userunway, the runway lighting, and airport beacon
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Conducting a public Festival of Flight gatheringpromoting the public use of the airport
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt10
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt026160
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt1931
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt022525
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt022505
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt039373
IRS990EZ/TotalProgramServiceExpensesAmt027091
IRS990EZ/TotalRevenueAmt0124214
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Lot Funds 38693.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Insurance 4684.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Festival of Flight 931.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Pre-Collected Dues 22525. 22505.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part II, Line 26
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0David Landers
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum07133062767
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Lake Norman Airpark Owners Association Inc
ReturnHeader/Filer/BusinessNameControlTxt0LAKE
ReturnHeader/Filer/EIN0810549536
ReturnHeader/Filer/PhoneNum07133062767
ReturnHeader/Filer/USAddress/AddressLine1Txt0341 Normandy Road
ReturnHeader/Filer/USAddress/CityNm0Mooresville
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028117
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0471851073
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Deane CPA PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09820 Northcross Center Ct Ste 146
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Huntersville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028078
ReturnHeader/PreparerPersonGrp/PhoneNum07047971844
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Donald J Deane CPA
ReturnHeader/ReturnTs02025-05-02T12:05:11-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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