Overview
What is Lake Fairlee Association Inc?
Lake Fairlee Association Inc is a nonprofit organization located in Fairlee, Vermont, with its headquarters at PO Box 102. The primary mission of this organization is the protection and preservation of the lake environment. During the boating season, they operate a greeter program at the Lake Fairlee Boat launch, educating and assisting boat owners on the importance of preventing aquatic invasive species. Their efforts are focused on preserving, protecting, and enhancing the water quality of the lake, its tributaries, and vulnerable shoreline for various users. The organization employs a workforce of six individuals, working diligently to ensure the lake's sustainability.
Official website here: www.lakefairleevt.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating 90% - Four-Star out of Four Star rating
The Lake Fairlee Association Inc has achieved a Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. This score indicates that the organization excels in transparency and governance, underscored by a 100% independent board with no material diversion of assets.
The organization demonstrates solid fiscal management with a program expense ratio of over 90%, suggesting that a significant portion of its resources is directed toward its mission-driven activities. Its robust policies, including conflict of interest and whistleblower protections, further enhance its credibility as a responsible nonprofit.
However, while the financial and governance aspects are commendable, the summary does not provide insights into the programmatic impact or community feedback, which are also essential components of a nonprofit's overall effectiveness. This suggests that prospective donors and supporters might want to seek additional information regarding the association's specific programs and outcomes.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Fairlee Association Inc legitimate?
Lake Fairlee Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Fairlee Association Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $33,310
For more financial information, click here
Official website here: www.lakefairleevt.org/
What is the mission statement of Lake Fairlee Association Inc?
The Lake Fairlee Association Inc has a mission to preserve, protect, and enhance the quality of its lake's environment, including its tributaries and vulnerable shoreline. This mission is aimed at ensuring that the lake remains usable and beneficial for various users. To achieve this, the organization actively engages in activities such as sponsoring a greeter program at the Lake Fairlee Boat launch to educate boat owners about aquatic invasive species. In 2022, these greeters were present daily from May 13th to October 23rd, working between 6am and 7pm to assist and educate boat owners.
Official website here: www.lakefairleevt.org/
Who is the CEO of Lake Fairlee Association Inc?
Nicholas Harvey is the Treasurer of Lake Fairlee Association Inc.
Official website here: www.lakefairleevt.org/
What is the revenue of Lake Fairlee Association Inc?
Lake Fairlee Association Inc's revenue in 2022 was $78,367.
Official website here: www.lakefairleevt.org/
Who are the executives of Lake Fairlee Association Inc and what are their salaries?
The average compensation at Lake Fairlee Association Inc during 2022 was $5,552. There are 6 employees and 15 volunteers at Lake Fairlee Association Inc.
Here are 12 key members and their salaries:
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Official website here: www.lakefairleevt.org/
Where can I find the form 990 for Lake Fairlee Association Inc?
Lake Fairlee Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lakefairleevt.org/
Learn more at the official website: www.lakefairleevt.org/
Mission Statement of Lake Fairlee Association Inc
The Lake Fairlee Association, a dedicated non-profit organization, is committed to safeguarding the lake environment. Its mission is threefold: to preserve, protect, and improve the water quality of the lake, its tributaries, and vulnerable shoreline, ensuring these resources are available for various uses and users.
To achieve this, the Association takes an active role in educating and assisting those who utilize the lake's resources. For instance, they operate a greeter program at the Lake Fairlee Boat launch, guiding and informing boat owners about the importance of protecting the lake and sharing educational materials on aquatic invasive species with them. The greeters are present daily from May 13th to October 23rd, between 6am and 7pm.
In essence, the Lake Fairlee Association is a vigilant protector of its namesake lake, working tirelessly to maintain its pristine condition and ensure its continued use for generations to come.
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Impact
June, 2024
The Lake Fairlee Association Inc's impact is significant in protecting the lake environment of Lake Fairlee in Fairlee, VT. The association sponsors a greeter program at the Lake Fairlee Boat launch, where greeters assist and educate boat owners using the lake's resources. By providing educational material on aquatic invasive species and being present daily from May to October, the association plays a key role in promoting responsible boating practices and preventing the spread of harmful species in the lake. Through these efforts, the association contributes to preserving, protecting, and improving the water quality of the lake, its tributaries, and vulnerable shoreline for the benefit of all its users.
This information is meant to be a general summary of Lake Fairlee Association Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$8,768
- Gross Receipts: $97,531
Assets and Liabilities:
- Total Assets: $616,323
- Total Liabilities: $118
- Net Assets: $616,205
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Organization Details
Founding Year
1995
Phone
(802) 333-3629Principal Officer
Nicholas Harvey
Main Address
PO Box 102, Fairlee, VT, 05045
Website
www.lakefairleevt.org/NTEE Category
Code: C30 - Environment
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