Overview
What is Thompson Lake Environmental Association Inc?
The Thompson Lake Environmental Association Inc is a dedicated nonprofit organization with a mission to preserve the water quality of Thompson Lake. To achieve this, the association employs various strategies: an annual milfoil abatement and removal program, which utilizes boats and divers, as well as managing a milfoil courtesy boat inspection program. The organization also conducts water quality analysis and provides ongoing education for water preservation. To promote membership and engage the community, they distribute quarterly newsletters and other forms of communication related to the health of the lake. Their work includes both practical measures and educational efforts to ensure the long-term sustainability of Thompson Lake.
Official website here: www.thompsonlake.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 76%, Three-Star out of Four Star rating.
The Thompson Lake Environmental Association Inc has received a Three-Star rating, reflecting a solid level of accountability and finance management. The charity's strong points include having 100% independent board members, no material diversion of assets, and a high program expense ratio of 91.46%, indicating that most of its funds are directed towards its programs rather than administrative costs.
However, the organization has noted some limitations, particularly the absence of a conflict of interest policy, whistleblower policy, and document retention and destruction policy, which are critical for governance and transparency. While it effectively manages its finances and has a good structure in place, these missing policies may raise concerns among potential donors about the oversight of its operations. Overall, while the Thompson Lake Environmental Association exhibits strong financial practices, it could enhance its governance framework for improved accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Thompson Lake Environmental Association Inc legitimate?
Thompson Lake Environmental Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thompson Lake Environmental 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: $32,489
For more financial information, click here
Official website here: www.thompsonlake.org
What is the mission statement of Thompson Lake Environmental Association Inc?
The Thompson Lake Environmental Association works diligently to preserve the water quality of Thompson Lake. In pursuit of this mission, they carry out an annual milfoil abatement and removal program, employing boats and divers. They also manage a milfoil courtesy boat inspection program and conduct water quality analysis. Furthermore, they engage in ongoing education efforts for water preservation. To promote awareness and membership, they distribute quarterly newsletters and various forms of communication regarding the lake's health and related issues.
Official website here: www.thompsonlake.org
Who is the CEO of Thompson Lake Environmental Association Inc?
Jade Doyle is the Co-President of Thompson Lake Environmental Association Inc.
Official website here: www.thompsonlake.org
What is the revenue of Thompson Lake Environmental Association Inc?
Thompson Lake Environmental Association Inc's revenue in 2022 was $171,029.
Official website here: www.thompsonlake.org
Who are the executives of Thompson Lake Environmental Association Inc and what are their salaries?
The average compensation at Thompson Lake Environmental Association Inc during 2022 was $3,610. There are 9 employees and 17 volunteers at Thompson Lake Environmental Association Inc.
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Official website here: www.thompsonlake.org
Where can I find the form 990 for Thompson Lake Environmental Association Inc?
Thompson Lake Environmental Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thompsonlake.org
Learn more at the official website: www.thompsonlake.org
Mission Statement of Thompson Lake Environmental Association Inc
The Thompson Lake Environmental Association, a dedicated organization, is committed to preserving the water quality of Thompson Lake. By implementing various measures, this nonprofit aims to protect the lake from potential threats.
One of the key initiatives undertaken by the Association is an annual milfoil abatement and removal program. This involves the strategic use of boats and divers to mitigate the growth of invasive milfoil, a plant species that can negatively impact water quality.
In addition to the abatement program, the Association also manages a milfoil courtesy boat inspection program. This program ensures that boats entering the lake are free from invasive species, thus preventing further spread of harmful plants.
The Association also conducts water quality analysis and provides ongoing education about water preservation. It disseminates this information through quarterly newsletters and other forms of communication, encouraging membership drives and providing literature for annual meetings.
In summary, the Thompson Lake Environmental Association is a proactive organization that works tirelessly to preserve the health of Thompson Lake. Its mission encompasses the implementation of milfoil abatement programs, boat inspections, water quality analysis, and educational outreach, all with the goal of maintaining a pristine and sustainable lake environment.
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Impact
June, 2024
The Thompson Lake Environmental Association Inc plays a crucial role in preserving the water quality of Thompson Lake in Oxford, ME. By implementing annual milfoil abatement and removal programs using boats and divers, managing a milfoil courtesy boat inspection program, conducting water quality analysis, and providing ongoing education for water preservation, the association ensures the health of the lake ecosystem. Their efforts contribute to maintaining a clean and sustainable environment for both wildlife and the community.
This information is meant to be a general summary of Thompson Lake Environmental 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: $17,632
- Gross Receipts: $175,544
Assets and Liabilities:
- Total Assets: $606,080
- Total Liabilities: $0
- Net Assets: $606,080
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Organization Details
Founding Year
1987
Phone
(207) 539-4535Principal Officer
Jade Doyle
Main Address
PO BOX 25, OXFORD, ME, 04270
Website
www.thompsonlake.orgNTEE Category
Code: C320 - Environment
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