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Nonprofit · EIN 54-0884209

LAKE CAROLINE PROPERTY OWNERS ASSOCIATION INC

Tax-exempt (reinstated) · RUTHER GLEN, VA 22546

Financials

$2.5M$2M2022$2.5M$2.2M2023$2.6M$2.3M2024
Revenue Expenses · by fiscal year end
Financials of LAKE CAROLINE PROPERTY OWNERS ASSOCIATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
March 31, 2025990$2,622,665$2,275,592$347,073$10,201,035$1,768,121$8,432,914
March 31, 2024990$2,499,840$2,214,322$285,518$9,761,282$1,675,441$8,085,841
March 31, 2023990$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.

NameTitleHours / weekCompensation
LEN BLASIOLDIRECTOR
Trustee or director
1$0
VICKI ROSSDIRECTOR
Trustee or director
1$0
DAVID FLIPPOPRESIDENT
Trustee or director, Officer
5$0
JASON FOREMANVICE PRESIDE
Trustee or director, Officer
5$0
MARY WEINGARDSECRETARY
Trustee or director, Officer
5$0
CARI CLARKDIRECTOR
Trustee or director
1$0
ANNE TYREETREASURER
Trustee or director, Officer
5$0
990 for the year ended March 31, 2024: 7 people
NameTitleHours / weekCompensation
LEN BLASIOLDIRECTOR
Trustee or director
1$0
VICKI ROSSDIRECTOR
Trustee or director
1$0
DAVID FLIPPOTREASURER
Trustee or director, Officer
5$0
JASON FOREMANPRESIDENT
Trustee or director, Officer
5$0
MARY WEINGARDVICE PRESIDE
Trustee or director, Officer
5$0
CARI CLARKSECRETARY
Trustee or director, Officer
1$0
ANNE TYREEDIRECTOR
Trustee or director
1$0
990 for the year ended March 31, 2023: 7 people
NameTitleHours / weekCompensation
LEN BLASIOLPRESIDENT
Trustee or director, Officer
5$0
VICKI ROSSVICE PRESIDE
Trustee or director, Officer
2$0
DAVID FLIPPOTREASUER
Trustee or director, Officer
2$0
KAREN MASONSECRETARY
Trustee or director, Officer
2$0
VINCE MARTINEZDIRECTOR
Trustee or director
1$0
DENNIS CANNONDIRECTOR
Trustee or director
1$0
LAURA HETZELDIRECTOR
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
Return prepared by
BARNES BROCK CORNWELL & PAINTER PLC

Mission

TO PROVIDE MANAGEMENT, MAINTENANCE, PRESERVATION, AND ARCHITECTURAL CONTROL WITHIN THE LAKE CAROLINE SUBDIVISION.

990 for the year ended March 31, 2025

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 yearYear endedDueIRS public records
2025March 31, 2026August 17, 2026Not on file
2024March 31, 2025August 15, 2025990 on file
2023March 31, 2024August 15, 2024990 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
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

FormYear endedRevenueExpensesAssetsReturn
990March 2025$2,622,665$2,275,592$10,201,035XML
990March 2024$2,499,840$2,214,322$9,761,282XML
990March 2023$2,549,578$2,039,206$9,486,044XML
990March 2022$2,344,234$1,899,877$8,889,702IRS
990March 2021–––IRS
990March 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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