Lake Panorama Association

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

EIN: 426139366 ✦ Panora, IA ✦ Designated as a 501(c)(4)

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Overview

What is Lake Panorama Association?

Lake Panorama Association is a nonprofit organization situated in Panorama, Iowa. Its primary mission is to manage and oversee the operations of Lake Panorama National Resort and Conference Center, which includes a golf course, a full-service restaurant, banquet and meeting room facilities, a pro shop, and lodging. The association also plays a vital role in controlling the development, use, and maintenance of residential, recreational, and common service areas within the Lake Panorama project. In addition to these responsibilities, the Lake Panorama Association provides a means for the operation, maintenance, repair, and replacement of streets, parks, pedestrian easements, and other recreational facilities within the project. It is responsible for the promulgation and enforcement of regulations necessary to govern the use and enjoyment of these areas. Furthermore, the association works collaboratively with government agencies to promote efficient fire protection, police protection, utility regulation, pollution control, and water conservation. With a team of 145 employees, the Lake Panorama Association seeks to enhance the quality of life for its members by providing mutual benefits through the acquisition and management of real estate and personal property.


Official website here: www.lakepanorama.org

Is Lake Panorama Association legitimate?

Lake Panorama Association is a legitimate nonprofit organization registered as a 501(c)(4) entity. Lake Panorama 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: $471,582
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,757,092

For more financial information, click here


Official website here: www.lakepanorama.org

What is the mission statement of Lake Panorama Association?

The Lake Panorama Association's mission is primarily focused on managing and maintaining the residential, recreational, and common service areas within its jurisdiction. This includes operating, maintaining, repairing, and replacing designated streets, parks, pedestrian easements, and other recreational facilities. The association also promotes the establishment of regulations for the proper use and enjoyment of these areas. Furthermore, it works collaboratively with government agencies to ensure efficient fire protection, police protection, utility regulation, pollution control, and water conservation. Lastly, the association is responsible for acquiring and managing real estate and personal property for the mutual benefit of its members.


Official website here: www.lakepanorama.org

Who is the CEO of Lake Panorama Association?

Rich Schumacher is the Principal Officer of Lake Panorama Association.


Official website here: www.lakepanorama.org

What is the revenue of Lake Panorama Association?

Lake Panorama Association's revenue in 2022 was $6,335,406.


Official website here: www.lakepanorama.org

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

The average compensation at Lake Panorama Association during 2022 was $15,370. There are 145 employees and 112 volunteers at Lake Panorama Association.


Here are 14 key members and their salaries:


Julie Fulton (Director)
  • Compensation: $650
  • Related: $0
  • Other: $0
Dirk Westercamp (Director)
  • Compensation: $800
  • Related: $0
  • Other: $0
Jim Spradling (Director)
  • Compensation: $550
  • Related: $0
  • Other: $0
David Finneseth (Secretary)
  • Compensation: $1,150
  • Related: $0
  • Other: $0
Emily Donovan (Vice President)
  • Compensation: $1,450
  • Related: $0
  • Other: $0
Richard Schumacher (President)
  • Compensation: $3,850
  • Related: $0
  • Other: $0
Gary Evans (Director)
  • Compensation: $650
  • Related: $0
  • Other: $0
Mary Jane Carothers (Officer)
  • Compensation: $1,100
  • Related: $0
  • Other: $0
Dennis Flanery (Secretary)
  • Compensation: $800
  • Related: $0
  • Other: $0
Mark Jorgensen (Director)
  • Compensation: $700
  • Related: $0
  • Other: $0
John Rutledge (General Manager - Lpa)
  • Compensation: $175,595
  • Related: $0
  • Other: $25,238
Danna Krambeer (Lpa-Controller)
  • Compensation: $81,678
  • Related: $0
  • Other: $13,932
Royce Shaffer (General Manager-Lpn)
  • Compensation: $82,837
  • Related: $0
  • Other: $13,849
Sandy Lowe (Lpn-Controller)
  • Compensation: $57,193
  • Related: $0
  • Other: $21,260


Official website here: www.lakepanorama.org

Where can I find the form 990 for Lake Panorama Association?

Lake Panorama Association's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.lakepanorama.org

Learn more at the official website: www.lakepanorama.org

Mission Statement of Lake Panorama Association

The Lake Panorama Association, in its mission, aims to manage and oversee the development, utilization, and maintenance of various residential, recreational, and common service areas within the community. The primary objective of this nonprofit organization is to ensure that designated streets, parks, pedestrian easements, and other recreational facilities within the project are effectively operated, maintained, repaired, and replaced as needed.

Furthermore, the Lake Panorama Association serves as a platform for the establishment and implementation of regulations essential for governing the use and enjoyment of these designated areas. This includes streets, parks, pedestrian easements, and recreational facilities within the project. To ensure a safe and well-regulated environment, the association collaborates with relevant government agencies to promote efficient fire protection, police protection, utility regulation, pollution control, and water conservation.

Additionally, the Lake Panorama Association endeavors to acquire and manage real estate and personal property for the mutual benefit of its members. This commitment to the community's well-being extends beyond the physical infrastructure, as the association also works towards providing for the acquisition and management of necessary resources. By doing so, the Lake Panorama Association maintains a harmonious and well-managed living environment for its members.

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Impact




October, 2024

Lake Panorama Association plays a significant role in shaping the community and environment of Lake Panorama, Iowa, by carefully managing the development, use, and maintenance of residential, recreational, and common service areas. It oversees the operations of the Lake Panorama National Resort and Conference Center, which includes an array of amenities such as an 18-hole golf course, a full-service restaurant, banquet and meeting facilities, a pro shop, and lodging options.

By ensuring that streets, parks, and recreational facilities are well-operated, maintained, and improved, the Association enhances the quality of life for residents and visitors alike. It also enforces necessary regulations to facilitate the enjoyment and safe use of these community spaces.

Furthermore, the Association collaborates with government agencies to ensure effective fire and police protection, regulate utilities, control pollution, and promote water conservation, all of which contribute to a safer and more sustainable community. This multifaceted approach not only enriches the experience of those who live and visit Lake Panorama but also supports the overall well-being of the community.




This information is meant to be a general summary of Lake Panorama 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
$6,335,406 (2022)
Expenses
$6,508,201 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $25,632
  • Program Service Revenue: $5,264,483
  • Gross Receipts: $7,057,089

Assets and Liabilities:

  • Total Assets: $18,153,878
  • Total Liabilities: $7,717,905
  • Net Assets: $10,435,973

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEMBERSHIP DUES & ASSESSMENTS

Revenue

$2,093,671

WATER SYSTEM

Revenue

$872,335

RECREATION FACILITIES

Revenue

$654,641

GREEN, CART & RANGE FEES

Revenue

$616,551

GOLF MEMBERSHIP DUES

Revenue

$448,815

Organization Details

Founding Year

1968

Principal Officer

Rich Schumacher

Main Address

5006 PANORAMA DRIVE, PANORA, IA, 50216

NTEE Category

Code: N32 - Recreation

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