Nonprofit · EIN 56-2151716
LAKE PRINCE CENTER INC
Tax-exempt · NEWTON, NC 28658
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $20,290,768 | $20,453,560 | -$162,792 | $37,038,190 | $56,129,514 | -$19,091,324 |
| September 30, 2024 | 990 | $16,995,302 | $17,571,703 | -$576,401 | $36,229,408 | $55,157,940 | -$18,928,532 |
| September 30, 2023 | 990 | $15,077,811 | $15,095,643 | -$17,832 | $30,704,700 | $49,056,831 | -$18,352,131 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $962,679
- Program service revenue
- $18,607,124
- Investment income
- $107,584
- Net gain from sales of assets
- -$22
- Other revenue
- $613,381
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $262,572
- Other salaries and wages
- $7,051,716
- Salaries, compensation and benefits (total)
- $9,006,068
- Professional fundraising fees
- $0
- Legal fees
- $8,696
- Occupancy
- $1,251,363
- Travel
- $83,905
- Depreciation
- $2,540,544
- Program services (functional)
- $13,223,328
- Management and general (functional)
- $7,230,232
Balance sheet and other
- Total assets, start of year
- $36,229,408
- Total assets, end of year
- $37,038,190
- Total liabilities, end of year
- $56,129,514
- Net assets, end of year
- -$19,091,324
- Land, buildings and equipment
- $29,149,638
- Publicly traded securities
- $1,615,885
- Net assets without donor restrictions
- -$19,091,324
- Gross receipts
- $20,290,790
- Employees
- 282
- Volunteers
- 34
- Year formed
- 1999
- State of legal domicile
- NC
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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LEE SYRIA | PRESIDENT AND CEO Officer | 1 | $0 | $553,900 | $48,557 |
| AIMEE REIMANN | COO Officer | 39 | $0 | $363,238 | $52,185 |
| TAMMY JONES | CFO Officer | 1 | $0 | $278,696 | $47,067 |
| JUDY RAYMOND | EXECUTIVE DIRECTOR Key employee | 40 | $226,140 | $0 | $36,432 |
| BRANDI SPIVEY | ADMINISTRATOR HOME HEALTH Highest-paid employee | 40 | $120,403 | $0 | $9,558 |
| LATARSHA STITH | DIRECTOR OF NURSING Highest-paid employee | 40 | $120,732 | $0 | $5,850 |
| TAMMY GARRETT | DIRECTOR OF MARKETING Highest-paid employee | 40 | $115,905 | $0 | $5,142 |
| SARAH ABERNETHY | ASSISTANT SECRETARY Officer | 39 | $0 | $90,743 | $9,505 |
| BRAD THIE | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARGIE WILEY | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| GREGORY ALCORN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| PARKER HOWELL | PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JULIUS ABERNETHY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| LARRY BOLICK | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ANTHONY BRANCH | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHUCK ERDMAN | BOARD MEMBER Trustee or director | 1 | $0 |
| JEFF GILLIAM | BOARD MEMBER Trustee or director | 1 | $0 |
| ALLEN GRAY | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHELLE HORTON | BOARD MEMBER Trustee or director | 1 | $0 |
| LAMONT MADDOX | BOARD MEMBER Trustee or director | 1 | $0 |
| HUNTER MARCH | BOARD MEMBER Trustee or director | 1 | $0 |
| SHANE SMITH | BOARD MEMBER Trustee or director | 1 | $0 |
| JODY STREET | BOARD MEMBER Trustee or director | 1 | $0 |
| DIANA SULLIVAN | BOARD MEMBER Trustee or director | 1 | $0 |
| CORY TOBIN | BOARD MEMBER Trustee or director | 1 | $0 |
| KATHY WOOD | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended September 30, 2024: 17 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LEE SYRIA | PRESIDENT AND CEO Officer | 0.1 | $0 | $492,511 | $48,900 |
| JUDY RAYMOND | EXECUTIVE DIRECTOR Key employee | 40 | $222,510 | $0 | $35,421 |
| TAMMY JONES | CFO Officer | 0.1 | $0 | $214,891 | $33,710 |
| TAMMY GARRETT | DIRECTOR OF MARKETING Highest-paid employee | 40 | $149,513 | $0 | $3,188 |
| BRANDI SPIVEY | ADMINISTRATOR HOME HEALTH Highest-paid employee | 40 | $108,365 | $0 | $11,611 |
| PARKER HOWELL | CHAIR Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| BRAD THIE | VICE CHAIR Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| GREGORY ALCORN | SECRETARY Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| JULIUS ABERNETHY | BOARD MEMBER Trustee or director | 0.1 | $0 | $0 | $0 |
| LARRY BOLICK | BOARD MEMBER Trustee or director | 0.1 | $0 | $0 | $0 |
| ANTHONY BRANCH | BOARD MEMBER Trustee or director | 0.1 | $0 | $0 | $0 |
| JEFF GILLIAM | BOARD MEMBER Trustee or director | 0.1 | $0 | $0 | $0 |
| ALLEN GRAY | BOARD MEMBER Trustee or director | 0.1 | $0 | $0 | $0 |
| HUNTER MARCH | BOARD MEMBER Trustee or director | 0.1 | $0 | $0 | $0 |
| SHANE SMITH | BOARD MEMBER Trustee or director | 0.1 | $0 | $0 | $0 |
| CORY TOBIN | BOARD MEMBER Trustee or director | 0.1 | $0 | $0 | $0 |
| MARGIE WILEY | BOARD MEMBER Trustee or director | 0.1 | $0 | $0 | $0 |
990 for the year ended September 30, 2023: 20 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LEE SYRIA | PRESIDENT AND CEO Officer | 0.1 | $0 | $434,680 | $44,881 |
| JOHN WHITE | CFO (ENDED 11/2022) Officer | 0.1 | $0 | $244,552 | $36,281 |
| JUDY RAYMOND | EXECUTIVE DIRECTOR Key employee | 40 | $212,343 | $0 | $31,454 |
| TAMMY GARRETT | DIRECTOR OF MARKETING Highest-paid employee | 40 | $122,424 | $0 | $6,121 |
| BRANDI SPIVEY | ADMINISTRATOR HOME HEALTH Highest-paid employee | 40 | $100,318 | $0 | $11,343 |
| JULIUS ABERNETHY | BOARD MEMBER Trustee or director | 0.1 | $0 | $0 | $0 |
| GREGORY ALCORN | SECRETARY Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| LARRY BOLICK | BOARD MEMBER Trustee or director | 0.1 | $0 | $0 | $0 |
| ANTHONY BRANCH | BOARD MEMBER Trustee or director | 0.1 | $0 | $0 | $0 |
| JEFF GILLIAM | BOARD MEMBER Trustee or director | 0.1 | $0 | $0 | $0 |
| GENE HAMILTON | BOARD MEMBER Trustee or director | 0.1 | $0 | $0 | $0 |
| PARKER HOWELL | CHAIR Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| HUNTER MARCH | BOARD MEMBER Trustee or director | 0.1 | $0 | $0 | $0 |
| SHANE SMITH | BOARD MEMBER Trustee or director | 0.1 | $0 | $0 | $0 |
| BRAD THIE | VICE CHAIR Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| CORY TOBIN | BOARD MEMBER Trustee or director | 0.1 | $0 | $0 | $0 |
| MARGIE WILEY | BOARD MEMBER Trustee or director | 0.1 | $0 | $0 | $0 |
| KELSEY MCCLEAVE | BOARD MEMBER Trustee or director | 0.1 | $0 | $0 | $0 |
| KATHY WOOD | BOARD MEMBER Trustee or director | 0.1 | $0 | $0 | $0 |
| TAMMY JONES | CFO (STARTED 2/2023) Officer | 0.1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 100 LEONARD AVE, NEWTON, NC 28658-9649
- In care of
- % C PHILIP LAUCKS
- Principal officer (990 for 2024)
- LEE SYRIA, 100 LEONARD AVENUE, NEWTON, NC 28658
- Signed the 990
- LEE SYRIA, PRESIDENT & CEO OF RELATED ORG
- Phone
- (828) 465-8019
- Website
- WWW.LAKEPRINCEWOODS.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
A CHRISTIAN MINISTRY PROVIDING VIBRANT LIVING, DIVERSE PROGRAMS OF OUTREACH AND COMPASSIONATE CARE.
Program accomplishments
- CONTINUING CARE RETIREMENT COMMUNITY IN SUFFOLK, VA. PROVIDING LONG TERM CARE FOR THE ELDERLY CONSISTING OF NURSING, MEALS, LAUNDRY, RECREATION, AND OTHER SERVICES FOR RESIDENTS.Expenses $13,223,328 · revenue $19,220,505
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 56-2151716
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1999
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L22)
- Assets (IRS master file)
- $37,038,190
- Income (IRS master file)
- $20,290,790
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $20,290,768 | $20,453,560 | $37,038,190 | XML |
| 990 | September 2024 | $16,995,302 | $17,571,703 | $36,229,408 | XML |
| 990 | September 2023 | $15,077,811 | $15,095,643 | $30,704,700 | XML |
| 990 | September 2022 | $13,762,352 | $14,535,261 | $22,105,583 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | 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 56-2151716).
Questions about LAKE PRINCE CENTER INC
- What is the EIN of LAKE PRINCE CENTER INC?
- The employer identification number (EIN) of LAKE PRINCE CENTER INC is 56-2151716.
- Is LAKE PRINCE CENTER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to LAKE PRINCE CENTER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LAKE PRINCE CENTER 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 PRINCE CENTER INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAKE PRINCE CENTER INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of LAKE PRINCE CENTER INC?
- The 990 for the year ended September 30, 2025 names LEE SYRIA.
- Who are the officers and directors of LAKE PRINCE CENTER INC?
- The 990 for the year ended September 30, 2025 lists 26 people; 4 received compensation from the organization.
- How much revenue does LAKE PRINCE CENTER INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $20,290,768, expenses of $20,453,560 and total assets of $37,038,190 at year end.
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