Lake Owassa Community Association

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 221629142 ✦ Branchville, NJ ✦ Designated as a 501(c)(7)

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Overview

What is Lake Owassa Community Association?

Lake Owassa Community Association is a nonprofit organization dedicated to preserving the wellbeing of Lake Owassa and its surrounding facilities. Their primary role involves monitoring and safeguarding the lake's condition, ensuring the integrity of its docks, and organizing recreational activities for its members, such as fishing contests. The association also establishes and enforces rules through regular patrols, aiming to maintain a harmonious environment for all members. In summary, Lake Owassa Community Association serves to protect and enhance the lake's condition and the recreational experiences of its members.

Is Lake Owassa Community Association legitimate?

Lake Owassa Community Association is a legitimate nonprofit organization registered as a 501(c)(7) entity. Lake Owassa Community Association 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: $19,833
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,067

For more financial information, click here

What is the mission statement of Lake Owassa Community Association?

The Lake Owassa Community Association is dedicated to overseeing and safeguarding the condition of the lake. Their mission involves monitoring and preserving the lake's health, ensuring the well-being of docks, and providing recreational activities for its members, such as fishing contests. Additionally, they are responsible for enforcing rules and regulations, ensuring a secure and enjoyable environment for all lake users. The association's primary goal is to maintain and protect Lake Owassa for the benefit of its members and the community at large.

Who is the CEO of Lake Owassa Community Association?

Margaret Mullins is the President of Lake Owassa Community Association.

What is the revenue of Lake Owassa Community Association?

Lake Owassa Community Association's revenue in 2023 was $306,057.

Who are the executives of Lake Owassa Community Association and what are their salaries?

The average compensation at Lake Owassa Community Association during 2023 was $13,450. There are 2 employees and 25 volunteers at Lake Owassa Community Association.


Here are 3 key members and their salaries:


Patricia Pomeroy (Treasurer)
  • Compensation: $19,833
  • Related: $0
  • Other: $0
Margaret Mullins (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phyllis Brown (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Lake Owassa Community Association?

Lake Owassa Community Association's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Lake Owassa Community Association

Lake Owassa Community Association, in its mission, is dedicated to monitoring and safeguarding the condition of Lake Owassa. This nonprofit organization plays a crucial role in protecting the lake's condition and docks, ensuring they benefit the association's members. Beyond lake protection, Lake Owassa Community Association also facilitates recreational activities for its members, such as fishing contests. Furthermore, the association adheres to and enforces rules around the lake, ensuring a safe and enjoyable experience for all members. In essence, Lake Owassa Community Association is committed to preserving the lake's natural beauty and promoting recreational activities for its members, while maintaining a secure and regulated environment.

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Impact




October, 2024

Lake Owassa Community Association plays a vital role in safeguarding the ecological integrity of Lake Owassa while fostering a vibrant recreational community for its members. By actively monitoring and protecting the lake's conditions, the association ensures that both the water quality and the surrounding environment are preserved for future generations.

The organization is instrumental in managing lakefront docks and is committed to maintaining rules and regulations through regular patrols. This oversight not only enhances safety for all lake users but also promotes responsible recreational practices. Through events like fishing contests, the association cultivates a sense of community among members, encouraging family-friendly activities and outdoor engagement.

Overall, the impact of the Lake Owassa Community Association is significant as it balances environmental stewardship with recreational enjoyment, ensuring that all members can cherish the natural beauty and resources of Lake Owassa.




This information is meant to be a general summary of Lake Owassa Community Association. 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.

Revenue
$306,057 (2023)
Expenses
$286,380 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $358
  • Gross Receipts: $306,057

Assets and Liabilities:

  • Total Assets: $347,105
  • Total Liabilities: $0
  • Net Assets: $347,105

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Organization Details

Principal Officer

Margaret Mullins

Main Address

PO BOX 657, BRANCHVILLE, NJ, 07826

NTEE Category

Code: N32 - Recreation

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