Overview
What is Maple Lake Lake Property Owners Association Inc?
Maple Lake Lake Property Owners Association Inc, based in Maple Lake, Minnesota, is a nonprofit organization with a primary mission to monitor, maintain, and improve the quality of Maple Lake located in Wright County, Minnesota. To achieve this, they focus on controlling invasive plant species and preventing Zebra mussel infestation in the lake. In 2022, they allocated a significant portion of their revenue, approximately 63%, towards combating aquatic invasive species, funding vendors for control, eradication, and testing activities. The Association is exclusively dedicated to charitable, educational, and scientific purposes, and they make distributions to organizations that qualify as exempt under Section 501(C)(3) of the Internal Revenue Code. The organization operates with a modest workforce of six employees.
Official website here: www.maplelakepropertyowners.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
The Maple Lake Lake Property Owners Association Inc has received a Three-Star rating from Charity Navigator, indicating a fair level of accountability and finance management. The organization's overall score is derived from a single beacon focused on Accountability & Finance, where it has demonstrated significant strengths, particularly in having a fully independent board and no material diversion of assets.
Strengths include a strong governance structure, as evidenced by its score of 10 out of 10 for both the majority independent board members and the size of the independent board. Additionally, the organization maintains a solid program expense ratio of 78.40%, reflecting a commitment to its mission-related activities. Transparency is also supported by its website, where required documents and tax forms are accessible.
However, the organization has some limitations, particularly in its governance policies. It lacks essential policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, all of which did not receive any points. Addressing these gaps could enhance its overall accountability and potentially improve its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Maple Lake Lake Property Owners Association Inc legitimate?
Maple Lake Lake Property Owners Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maple Lake Lake Property Owners 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: $6,204
Professional Fundraising Fees: $0
Other Salaries and Wages: $20,510
For more financial information, click here
Official website here: www.maplelakepropertyowners.com
What is the mission statement of Maple Lake Lake Property Owners Association Inc?
The Maple Lake Lake Property Owners Association Inc is established with a mission to monitor, maintain, and enhance the quality of a specific lake's water. Their purpose extends to combating invasive plant species and preventing the infestation of zebra mussels. The association operates with charitable, educational, and scientific intentions, often providing financial aid to organizations that fall under the 501(c)(3) exemption category of the Internal Revenue Code. The primary aim is to ensure the lake remains healthy and thriving for its ecosystem and the community that relies on it.
Official website here: www.maplelakepropertyowners.com
Who is the CEO of Maple Lake Lake Property Owners Association Inc?
Robert Porter is the Director/Past President of Maple Lake Lake Property Owners Association Inc.
Official website here: www.maplelakepropertyowners.com
What is the revenue of Maple Lake Lake Property Owners Association Inc?
Maple Lake Lake Property Owners Association Inc's revenue in 2022 was $146,468.
Official website here: www.maplelakepropertyowners.com
Who are the executives of Maple Lake Lake Property Owners Association Inc and what are their salaries?
The average compensation at Maple Lake Lake Property Owners Association Inc during 2022 was $4,452. There are 6 employees and 30 volunteers at Maple Lake Lake Property Owners Association Inc.
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Official website here: www.maplelakepropertyowners.com
Where can I find the form 990 for Maple Lake Lake Property Owners Association Inc?
Maple Lake Lake Property Owners Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.maplelakepropertyowners.com
Learn more at the official website: www.maplelakepropertyowners.com
Mission Statement of Maple Lake Lake Property Owners Association Inc
Maple Lake Lake Property Owners Association Inc is dedicated to preserving and enhancing the quality of Maple Lake, located in Minnesota. Their primary mission is threefold: monitoring, maintaining, and improving the lake's water quality. Additionally, they strive to control the spread of invasive plant species and prevent the infestation of zebra mussels. The Association operates with a charitable, educational, and scientific purpose, often making distributions to organizations that meet the criteria for exemption under Section 501(C)(3) of the Internal Revenue Code. Their ultimate goal is to ensure the longevity and health of Maple Lake for future generations to enjoy.
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Impact
October, 2024
Maple Lake Lake Property Owners Association Inc plays a critical role in preserving the environmental health of Maple Lake in Wright County, Minnesota. Through its dedicated efforts in monitoring and maintaining lake water quality, the association actively works to prevent the spread of invasive plant species and the infestation of zebra mussels, both of which can severely disrupt local ecosystems.
In 2022, the association allocated $42,201 towards these initiatives, which constituted 63% of its revenue, emphasizing its commitment to ecological stewardship. These funds were used directly to engage vendors specializing in aquatic invasive species control, eradication, and testing. This targeted approach not only protects the lake's natural beauty but also supports the recreational and aesthetic needs of the community.
By prioritizing lake health, the association fosters a sustainable environment that benefits local residents, enhances property values, and preserves recreational opportunities for future generations. Overall, the association's impact is vital for ensuring a thriving ecosystem in and around Maple Lake, making it a crucial component of the community's well-being.
This information is meant to be a general summary of Maple Lake Lake Property Owners 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: $91
- Gross Receipts: $1,249,317
Assets and Liabilities:
- Total Assets: $142,956
- Total Liabilities: $0
- Net Assets: $142,956
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Organization Details
Founding Year
1970
Phone
(612) 384-4324Principal Officer
Robert Porter
Main Address
PO BOX 460, MAPLE LAKE, MN, 55358
NTEE Category
Code: L50 - Housing
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