Overview
What is Round Lake Property Owners Assoc Inc?
Round Lake Property Owners Assoc Inc is a nonprofit organization based in Hayward, Wisconsin. Their primary mission is to protect and enhance the Big and Little Round Lake waters and surrounding area. They execute various projects that are culturally and physically beneficial to the region, and they have the authority to buy, sell, and own real and personal property to carry out these projects. With over 695 direct owners and numerous other beneficiaries, the association aims to promote the welfare of the Round Lake community. Their activities are geared towards preserving the natural beauty and resources of the area for the benefit of both residents and visitors.
Official website here: www.roundlakes.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Stars)
The Round Lake Property Owners Association Inc has received a Three-Star rating from Charity Navigator, which reflects a solid overall performance primarily based on its Accountability & Finance score. With a score of 76 in this category, the organization demonstrates a commitment to responsible financial management, highlighted by a 96.61% program expense ratio, indicating that the majority of its funds are directed towards its mission.
Strengths of the organization include its fully independent board, which consists of 9 members, all of whom are independent, as well as the absence of any material diversion of assets. Moreover, the charity has effectively documented its board meeting minutes and maintains an excellent liabilities to assets ratio of 0.00%, showcasing its financial stability.
However, the organization does have notable limitations, particularly in governance policies. The absence of a conflict of interest policy, whistleblower policy, and document retention and destruction policy has resulted in zero points in these areas. Addressing these gaps could strengthen the organization's transparency and accountability further, enhancing its overall rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Round Lake Property Owners Assoc Inc legitimate?
Round Lake Property Owners Assoc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Round Lake Property Owners Assoc 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:
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For more financial information, click here
Official website here: www.roundlakes.org
What is the mission statement of Round Lake Property Owners Assoc Inc?
The Round Lake Property Owners Association Inc is dedicated to safeguarding the waters of Big and Little Round Lake. Their mission is to protect these water bodies, ensuring their continued health and well-being. To achieve this, they undertake various projects that are beneficial to the waters and the surrounding area. The association has the power to acquire, sell, and manage both real and personal property, using these resources to carry out their projects. Their efforts not only benefit the 695 direct owners but also a significant number of others in the community.
Official website here: www.roundlakes.org
Who is the CEO of Round Lake Property Owners Assoc Inc?
Martin Hanson is the Director of Round Lake Property Owners Assoc Inc.
Official website here: www.roundlakes.org
What is the revenue of Round Lake Property Owners Assoc Inc?
Round Lake Property Owners Assoc Inc's revenue in 2022 was $51,392.
Official website here: www.roundlakes.org
Who are the executives of Round Lake Property Owners Assoc Inc and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.roundlakes.org
Where can I find the form 990 for Round Lake Property Owners Assoc Inc?
Round Lake Property Owners Assoc Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.roundlakes.org
Learn more at the official website: www.roundlakes.org
Mission Statement of Round Lake Property Owners Assoc Inc
The Round Lake Property Owners Association, a dedicated nonprofit organization, is committed to safeguarding the pristine beauty of Big and Little Round Lake. Their mission is centered around preserving the waters of these lakes, located in an unspecified region. The Association aims to execute various projects that are culturally, physically, or materially beneficial to the lakes and their surrounding area.
In addition to their protective role, the Round Lake Property Owners Association also possesses the authority to purchase, sell, and own both real and personal property. These acquisitions are made with the intention of carrying out projects that align with their mission. The organization's efforts are designed to benefit not only the direct owners of the property but also a wide range of others within the community.
In essence, the Round Lake Property Owners Association serves as a guardian for the waters of Big and Little Round Lake, seeking to promote and execute projects that preserve their natural beauty and overall health. Their work is instrumental in ensuring the longevity and well-being of these beloved water bodies and the surrounding area.
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Impact
June, 2024
Round Lake Property Owners Assoc Inc plays a crucial role in preserving and safeguarding the waters of Big & Little Round Lake in Hayward, WI. By focusing on protecting the area, the organization directly benefits 695 direct owners and numerous others who enjoy the surrounding environment. Their mission to promote and execute projects that enhance the cultural and physical well-being of the lakes ensures the sustainability of this natural resource. Through activities such as owning, buying, and selling real and personal property, the organization actively works to uphold their mission of environmental conservation and protection.
This information is meant to be a general summary of Round Lake Property Owners Assoc 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
- Gross Receipts: $51,392
Assets and Liabilities:
- Total Assets: $93,027
- Total Liabilities: $0
- Net Assets: $93,027
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Organization Details
Founding Year
1963
Phone
(715) 330-3625Principal Officer
Martin Hanson
Main Address
PO BOX 1070, HAYWARD, WI, 54843
Website
www.roundlakes.orgNTEE Category
Code: C32 - Environment
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