Civic Intelligence

Oxbow Lake Private Launch Association Inc

EIN 87-2923075 • 501(c)7 • White Lake, MI

Profile

Construction and maintenance of a boat launch.

10835 Oxbow Lakeshore DriveWhite Lake, MI 48386

n/A

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

501(c)7 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

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

501(c)7 • <$500k nonprofits • Source year 2023

Net Margin

8th percentile

-41%

Higher net margin than 8% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2023

Top Officer Pay

94th percentile

$0

Higher top officer pay than 94% of similar nonprofits.

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

501(c)7 • <$500k nonprofits • Source year 2023

Asset Growth

43rd percentile

-1.8%

Faster asset growth than 43% of similar nonprofits.

501(c)7 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

3rd percentile

-94%

Faster revenue growth than 3% of similar nonprofits.

501(c)7 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$487,186

Down $8,959 (-1.8%) from 2022

Liabilities

Flat

$0

Flat from 2022

Net Assets

Down

$487,186

Down $8,959 (-1.8%) from 2022

Operations
Liabilities / Revenue59th percentileNet Margin8th percentile

Revenue

Down

$21,975

Down $366,421 (-94%) from 2022

Expenses

Up

$30,934

Up $4,490 (+17%) from 2022

Net Income

Down

-$8,959

Down $370,911 (-102%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth43rd percentile

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

$600K$400K$200K$0Assets 2021: $134,193Liabilities 2021: $0Net Assets 2021: $134,1932021Assets 2022: $496,145Liabilities 2022: $0Net Assets 2022: $496,1452022Assets 2023: $487,186Liabilities 2023: $0Net Assets 2023: $487,1862023

Highlighted filing

2023

Assets$487,186
Liabilities$0
Net Assets$487,186
Open 2023 Filing

Operations Trend

Revenue Growth3rd percentile

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

$400K$300K$200K$100K$0-$100KRevenue 2021: $134,193Expenses 2021: $0Net Income 2021: $134,1932021Revenue 2022: $388,396Expenses 2022: $26,444Net Income 2022: $361,9522022Revenue 2023: $21,975Expenses 2023: $30,934Net Income 2023: -$8,9592023

Highlighted filing

2023

Revenue$21,975
Expenses$30,934
Net Income-$8,959
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$487,186
Liabilities
$0
Net assets
$487,186
Revenue
$21,975
Expenses
$30,934
Net income
-$8,959
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$4.87$0.00$4.87$0.22$0.31$0.09
2022Detailed filing. Detailed filing data is available for this year.$4.96$0.00$4.96$3.88$0.26$3.62
2021Detailed filing. Detailed filing data is available for this year.$1.34$0.00$1.34$1.34$0.00$1.34
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 15, 2024
Return Version
2023v5.0
Gross Receipts
$21,975
Mission and Program Overview

Mission

Construction and maintenance of a boat launch.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$420,794$460,756▲ $39,962
Cash and Non-Interest-Bearing Accounts$75,351$26,430▼ $48,921
Total Assets$496,145$487,186▼ $8,959
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$496,145$487,186▼ $8,959
Total Net Assets Fund Balance$496,145$487,186▼ $8,959
Total Liabilities and Net Assets / Fund Balance$496,145$487,186▼ $8,959

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$196,139$6,763-
Land$264,617--
Compensation and Service Providers
Top Officer Pay94th percentile

Board Members and Trustees

NameTitle
Richard WalkletPresident
Frank BowersVice-President
James IssnerSecretary
Michael WernetteSecurity
Robert DiskinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$21,975
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-8,959
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$30,934
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
Depreciation Depletion$0$6,763$0$6,763
Insurance$0$0$0$2,266
Office Expenses$0$0$0$1,574
Other Expenses$0$215$0$215
Total Functional Expenses$0$27,094$0$30,934
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
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Oxbow Lake Private Launch Association Inc
EIN
87-2923075
Phone
2486429938
Address
10835 OXBOW LAKESHORE DRIVE, WHITE LAKE, MI 48386

Signing Officer

Name
Robert S Diskin
Title
Treasurer
Phone
2486429938
Signed
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Diskin
Formed
2021
Legal Domicile
Mi
Voting Board Members
87
Independent Board Members
87
Employees
0
Volunteers
5

Preparer

Firm
Robert S Diskin CPA
Address
30850 TELEGRAPH RD SUITE 100, BINGHAM FARMS, MI 48025
Preparer
Robert S Diskin CPA
Phone
2486429938
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

“The organization consists of 87 members.”

Pt VI, Line 7A

“The board is elected by the members for 2 year terms.”

Pt VI, Line 7B

“Governance decisions are put to a vote of all members.”

Pt VI, Line 11B

“None”

Pt VI, Line 19

“Own Website”

Raw XML Appendix285 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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ReturnHeader/ReturnTs02024-05-15T07:03:57-07:00
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ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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