Nonprofit · EIN 54-0884209
LAKE CAROLINE PROPERTY OWNERS ASSOCIATION INC
Tax-exempt (reinstated) · RUTHER GLEN, VA 22546
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $2,622,665 | $2,275,592 | $347,073 | $10,201,035 | $1,768,121 | $8,432,914 |
| March 31, 2024 | 990 | $2,499,840 | $2,214,322 | $285,518 | $9,761,282 | $1,675,441 | $8,085,841 |
| March 31, 2023 | 990 | $2,549,578 | $2,039,206 | $510,372 | $9,486,044 | $1,685,721 | $7,800,323 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,567,011
- Investment income
- $55,654
- Net gain from sales of assets
- -$88,132
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $845,664
- Salaries, compensation and benefits (total)
- $962,794
- Professional fundraising fees
- $0
- Legal fees
- $34,486
- Accounting fees
- $39,728
- Occupancy
- $37,874
- Depreciation
- $573,265
- Program services (functional)
- $2,211,056
- Management and general (functional)
- $64,536
Balance sheet and other
- Total assets, start of year
- $9,761,282
- Total assets, end of year
- $10,201,035
- Total liabilities, end of year
- $1,768,121
- Net assets, end of year
- $8,432,914
- Land, buildings and equipment
- $5,194,241
- Net assets without donor restrictions
- $6,792,531
- Net assets with donor restrictions
- $1,640,383
- Gross unrelated business income
- $143,786
- Gross receipts
- $2,710,797
- Employees
- 41
- Volunteers
- 7
- Year formed
- 1996
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LEN BLASIOL | DIRECTOR Trustee or director | 1 | $0 |
| VICKI ROSS | DIRECTOR Trustee or director | 1 | $0 |
| DAVID FLIPPO | PRESIDENT Trustee or director, Officer | 5 | $0 |
| JASON FOREMAN | VICE PRESIDE Trustee or director, Officer | 5 | $0 |
| MARY WEINGARD | SECRETARY Trustee or director, Officer | 5 | $0 |
| CARI CLARK | DIRECTOR Trustee or director | 1 | $0 |
| ANNE TYREE | TREASURER Trustee or director, Officer | 5 | $0 |
990 for the year ended March 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LEN BLASIOL | DIRECTOR Trustee or director | 1 | $0 |
| VICKI ROSS | DIRECTOR Trustee or director | 1 | $0 |
| DAVID FLIPPO | TREASURER Trustee or director, Officer | 5 | $0 |
| JASON FOREMAN | PRESIDENT Trustee or director, Officer | 5 | $0 |
| MARY WEINGARD | VICE PRESIDE Trustee or director, Officer | 5 | $0 |
| CARI CLARK | SECRETARY Trustee or director, Officer | 1 | $0 |
| ANNE TYREE | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended March 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LEN BLASIOL | PRESIDENT Trustee or director, Officer | 5 | $0 |
| VICKI ROSS | VICE PRESIDE Trustee or director, Officer | 2 | $0 |
| DAVID FLIPPO | TREASUER Trustee or director, Officer | 2 | $0 |
| KAREN MASON | SECRETARY Trustee or director, Officer | 2 | $0 |
| VINCE MARTINEZ | DIRECTOR Trustee or director | 1 | $0 |
| DENNIS CANNON | DIRECTOR Trustee or director | 1 | $0 |
| LAURA HETZEL | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 75 SARATOGA CV, RUTHER GLEN, VA 22546-5340
- Principal officer (990 for 2024)
- DAVID FLIPPO, 75 SARATOGA COVE, RUTHER GLEN, VA 22546
- Signed the 990
- ANNE TYREE, TREASURER
- Phone
- (804) 448-3400
- Website
- WWW.LAKECAROLINE.NET
- Return prepared by
- BARNES BROCK CORNWELL & PAINTER PLC
Mission
TO PROVIDE MANAGEMENT, MAINTENANCE, PRESERVATION, AND ARCHITECTURAL CONTROL WITHIN THE LAKE CAROLINE SUBDIVISION.
Program accomplishments
- TO PROVIDE MANAGEMENT, MAINTENANCE, PRESERVATION, AND ARCHITECTURAL CONTROL FOR THE AREA WITHIN THE 1,400 ARCES OF THE LAKE CAROLINE SUBDIVISION.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 54-0884209
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 2020
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $10,201,035
- Income (IRS master file)
- $2,710,797
Revocation and reinstatement
- Exemption revoked
- August 15, 2010
- Posted by the IRS
- June 9, 2011
- Reinstated
- Effective December 15, 2019
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $2,622,665 | $2,275,592 | $10,201,035 | XML |
| 990 | March 2024 | $2,499,840 | $2,214,322 | $9,761,282 | XML |
| 990 | March 2023 | $2,549,578 | $2,039,206 | $9,486,044 | XML |
| 990 | March 2022 | $2,344,234 | $1,899,877 | $8,889,702 | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990 | March 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 54-0884209).
Questions about LAKE CAROLINE PROPERTY OWNERS ASSOCIATION INC
- What is the EIN of LAKE CAROLINE PROPERTY OWNERS ASSOCIATION INC?
- The employer identification number (EIN) of LAKE CAROLINE PROPERTY OWNERS ASSOCIATION INC is 54-0884209.
- Is LAKE CAROLINE PROPERTY OWNERS ASSOCIATION INC tax-exempt?
- Yes. The IRS revoked its exemption on August 15, 2010 and reinstated it effective December 15, 2019.
- Are donations to LAKE CAROLINE PROPERTY OWNERS ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LAKE CAROLINE PROPERTY OWNERS ASSOCIATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LAKE CAROLINE PROPERTY OWNERS ASSOCIATION INC due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAKE CAROLINE PROPERTY OWNERS ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of LAKE CAROLINE PROPERTY OWNERS ASSOCIATION INC?
- The 990 for the year ended March 31, 2025 names DAVID FLIPPO.
- Who are the officers and directors of LAKE CAROLINE PROPERTY OWNERS ASSOCIATION INC?
- The 990 for the year ended March 31, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does LAKE CAROLINE PROPERTY OWNERS ASSOCIATION INC have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $2,622,665, expenses of $2,275,592 and total assets of $10,201,035 at year end.
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