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Nonprofit · EIN 63-0787921

LAKE FOREST PROP OWNERS ASSOC LAKE FOREST MARING

Tax-exempt · DAPHNE, AL 36526

Financials

$3.3M$3.1M2023
Revenue Expenses · by fiscal year end
Financials of LAKE FOREST PROP OWNERS ASSOC LAKE FOREST MARING by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990$3,271,019$3,127,266$143,753$5,662,152$1,107,412$4,554,740
Financial details: 990 for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$0
Program service revenue
$2,913,869
Investment income
$47,898
Net rental income
$209,862
Net income from sales of inventory
$99,390
Other revenue
$309,252

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$812,188
Salaries, compensation and benefits (total)
$996,832
Professional fundraising fees
$0
Legal fees
$299,643
Accounting fees
$28,940
Occupancy
$681,319
Depreciation
$255,273
Program services (functional)
$1,521,337
Management and general (functional)
$1,605,929

Balance sheet and other

Total assets, start of year
$5,576,238
Total assets, end of year
$5,662,152
Total liabilities, end of year
$1,107,412
Net assets, end of year
$4,554,740
Land, buildings and equipment
$2,864,545
Net assets without donor restrictions
$4,554,740
Gross unrelated business income
$310,650
Gross receipts
$3,541,397
Employees
48
Year formed
1971
State of legal domicile
AL

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 December 31, 2023, highest compensation first.

NameTitleHours / weekCompensation
BYRIAN RAMSEYPRESIDENT
Trustee or director, Officer
–$0
MATT LAWSVICE PRESIDE
Trustee or director, Officer
–$0
CHARLOTTE GRAHAMSECRETARY
Trustee or director, Officer
–$0
SHARON ST LAURENTTREASURER
Trustee or director, Officer
–$0
TOM OPDYKESERGEANT AT
Trustee or director, Officer
–$0
MISTY SABOLDIRECTOR AT
Trustee or director
–$0
MALLORY TAPLEYDIRECTOR AT
Trustee or director
–$0

Address and contacts

Address (IRS master file)
1 GOLF TER, DAPHNE, AL 36526-7657
Principal officer (990 for 2023)
BYRIAN RAMSEY
Signed the 990
BYRIAN RAMSEY, PRESIDENT
Phone
(251) 626-0788
Return prepared by
ROBERTSON ANDREOLI & COVINGTON PC

Mission

THE ASSOCIATION'S PRIMARY PURPOSE IS TO DEVOTE ITSELF TO THE IMPROVEMENT AND CIVIC BETTERMENT OF THE LAKE FOREST DEVELOPMENT IN BALDWIN COUNTY, ALABAMA

990 for the year ended December 31, 2023

Program accomplishments

  • IMPROVEMENT AND CIVIC BETTERMENT OF THE LAKE FOREST DEVELOPMENT IN BALDWIN COUNTY, ALABAMA
    Expenses $171,106
  • IMPROVEMENT AND CIVIC BETTERMENT OF THE LAKE FOREST DEVELOPMENT IN BALDWIN COUNTY, ALABAMA
    Expenses $1,350,231

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025Not on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
63-0787921
Tax-exempt status
501(c)(7): Social or recreational club
Donations deductible
No
Exempt since
1981
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$5,662,152
Income (IRS master file)
$3,541,397

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2023$3,271,019$3,127,266$5,662,152XML
990December 2022$3,490,751$3,399,670$5,576,238IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––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 63-0787921).

Questions about LAKE FOREST PROP OWNERS ASSOC LAKE FOREST MARING

What is the EIN of LAKE FOREST PROP OWNERS ASSOC LAKE FOREST MARING?
The employer identification number (EIN) of LAKE FOREST PROP OWNERS ASSOC LAKE FOREST MARING is 63-0787921.
Is LAKE FOREST PROP OWNERS ASSOC LAKE FOREST MARING tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1981.
Are donations to LAKE FOREST PROP OWNERS ASSOC LAKE FOREST MARING tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does LAKE FOREST PROP OWNERS ASSOC LAKE FOREST MARING 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 FOREST PROP OWNERS ASSOC LAKE FOREST MARING due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LAKE FOREST PROP OWNERS ASSOC LAKE FOREST MARING last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2023.
Who is the principal officer of LAKE FOREST PROP OWNERS ASSOC LAKE FOREST MARING?
The 990 for the year ended December 31, 2023 names BYRIAN RAMSEY.
Who are the officers and directors of LAKE FOREST PROP OWNERS ASSOC LAKE FOREST MARING?
The 990 for the year ended December 31, 2023 lists 7 people; 0 received compensation from the organization.
How much revenue does LAKE FOREST PROP OWNERS ASSOC LAKE FOREST MARING have?
On its 990 for the year ended December 31, 2023 it reported revenue of $3,271,019, expenses of $3,127,266 and total assets of $5,662,152 at year end.

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