Summerwood Lake Association

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

EIN: 470832241 ✦ Lincoln, NE ✦ Designated as a 501(c)(7)

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Overview

What is Summerwood Lake Association?

The Summerwood Lake Association is a homeowners' association situated in Lincoln, Nebraska (68520). Their primary role is to oversee and maintain the common grounds surrounding a private lake property. As a nonprofit organization, they are dedicated to ensuring the well-being and aesthetic appeal of these shared spaces. The association's activities primarily involve taking care of the communal areas, ensuring that the lake property remains a pleasant and enjoyable environment for its members.

Is Summerwood Lake Association legitimate?

Summerwood Lake Association is a legitimate nonprofit organization registered as a 501(c)(7) entity. Summerwood Lake 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Summerwood Lake Association?

The Summerwood Lake Association, in its role as a homeowners association, is responsible for overseeing the general maintenance of the common grounds surrounding a private lake property. Its mission is centered around ensuring the upkeep and preservation of these shared spaces, contributing to a harmonious and well-maintained environment for the lake property owners. The association does not have a specific stated objective beyond this basic responsibility of maintaining common grounds.

Who is the CEO of Summerwood Lake Association?

Russell Bayer is the President of Summerwood Lake Association.

What is the revenue of Summerwood Lake Association?

Summerwood Lake Association's revenue in 2022 was $39,369.

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


Here are 10 key members and their salaries:


Kip Anderson (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Russell Bayer (Secretary Tr)
  • Compensation: $0
  • Related: $0
  • Other: $0
Craig Beebe (1St Vice Pre)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Crawford (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Goretke (2Nd Vice Pre)
  • Compensation: $0
  • Related: $0
  • Other: $0
Merlyn Hansen (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Kayton (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Victor Lee (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Luethje (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Martinsen (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Summerwood Lake Association?

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

Mission Statement of Summerwood Lake Association

The Summerwood Lake Association, as a homeowner's association, is tasked with ensuring the general maintenance of the common grounds surrounding the private lake property. This responsibility encompasses various aspects, including but not limited to, keeping the shared spaces clean, well-maintained, and conducive to the overall well-being of the lake community. The association's mission is a proactive one, aimed at preserving and enhancing the aesthetic and functional aspects of the shared grounds for the benefit of all lake property owners.

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Impact




October, 2024

Summerwood Lake Association plays a vital role in the maintenance and enhancement of the community surrounding the private lake in Lincoln, NE. By overseeing the general upkeep of common grounds, the association fosters a safe and enjoyable environment for residents. This includes managing landscaping, ensuring clean recreational areas, and preserving the natural beauty of the lake and its surroundings. Their efforts not only increase property values but also promote a sense of community and belonging among homeowners. Through their dedication to maintaining these shared spaces, Summerwood Lake Association significantly contributes to the overall quality of life in the neighborhood.




This information is meant to be a general summary of Summerwood Lake 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
$39,369 (2022)
Expenses
$25,791 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $255
  • Program Service Revenue: $39,000
  • Gross Receipts: $39,369

Assets and Liabilities:

  • Total Assets: $58,253
  • Total Liabilities: $0
  • Net Assets: $58,253

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Programs

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

MEMBERSHIP ASSESSMENTS

Revenue

$39,000

Organization Details

Founding Year

2000

Principal Officer

Russell Bayer

Main Address

633 SOUTH 112TH ST, LINCOLN, NE, 68520

NTEE Category

Code: L50 - Housing

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