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Lake Linganore Association

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

EIN: 520913251 ✦ New market, MD ✦ Designated as a 501(c)(4)

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Overview

What is Lake Linganore Association?

Lake Linganore Association is a nonprofit organization based in New Market, Maryland, with a mission to promote the health, safety, and welfare of its residents. It manages various community facilities such as pools, tennis courts, and lake activities, while maintaining common property and providing services to enhance the quality of life within the Lake Linganore community. The association enforces covenants and restrictions as per governing documents, addresses resident concerns, manages financial assets, executes the yearly budget, enforces association rules, administers community programs, and maintains community assets. The organization employs 23 individuals in fulfilling these duties.


Official website here: www.lakelinganore.org

Is Lake Linganore Association legitimate?

Lake Linganore Association is a legitimate nonprofit organization registered as a 501(c)(4) entity. Lake Linganore 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: $146,576
Professional Fundraising Fees: $0
Other Salaries and Wages: $868,527

For more financial information, click here


Official website here: www.lakelinganore.org

What is the mission statement of Lake Linganore Association?

The Lake Linganore Association's mission is to prioritize the health, safety, and well-being of its residents. It accomplishes this by adhering to governing documents and enforcing all covenants and restrictions. The association implements policies as directed by these documents and the board of directors, maintains community assets, addresses resident concerns, manages financial assets, executes the annual budget, enforces association rules, administers community programs, and offers services to enhance the quality of life within the Lake Linganore community.


Official website here: www.lakelinganore.org

Who is the CEO of Lake Linganore Association?

Michelle Jones is the President of Lake Linganore Association.


Official website here: www.lakelinganore.org

What is the revenue of Lake Linganore Association?

Lake Linganore Association's revenue in 2023 was $7,551,203.


Official website here: www.lakelinganore.org

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

The average compensation at Lake Linganore Association during 2023 was $44,135. There are 23 employees and 57 volunteers at Lake Linganore Association.


Here are 8 key members and their salaries:


Jack Anderson (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Charles (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Schwab (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sally Hoague (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Niket Gupta (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mat Fleischer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Verdrager (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michell L Doster (General Manager)
  • Compensation: $154,828
  • Related: $0
  • Other: $0


Official website here: www.lakelinganore.org

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

Lake Linganore Association's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.lakelinganore.org

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

Mission Statement of Lake Linganore Association

The Lake Linganore Association, in its mission, works diligently to promote the health, safety, and welfare of its residents. This nonprofit organization is dedicated to enforcing all covenants and restrictions in accordance with the governing documents. It implements policies set forth by the governing documents and the Board of Directors, ensuring the smooth operation of the community. The Association also maintains community assets, addressing resident concerns and managing the financial assets of the organization. Furthermore, it executes the annual budget, enforces association rules, and administers community programs. All these initiatives are aimed at enhancing the quality of life within the Lake Linganore Community.

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Impact




October, 2024

Lake Linganore Association plays a pivotal role in enhancing the quality of life for residents in the Lake Linganore community. By promoting health, safety, and welfare, the Association ensures that community standards are upheld through the enforcement of covenants and restrictions outlined in its governing documents. This commitment translates into effective management of community resources and assets.

The Association actively addresses resident concerns, fostering a responsive environment that prioritizes the needs and voices of its members. Financial stewardship is another critical aspect of its operations, as it carefully manages assets, executes annual budgets, and enforces rules that contribute to the community's overall well-being.

Amenities such as pools, tennis courts, and various lake activities are maintained by the Association, providing recreational opportunities that enhance community engagement and connection. Overall, Lake Linganore Association's multifaceted approach not only maintains the physical aspects of the community but also cultivates a vibrant, collaborative atmosphere that benefits all residents.




This information is meant to be a general summary of Lake Linganore 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
$7,551,203 (2023)
Expenses
$7,049,008 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $33,930
  • Program Service Revenue: $7,517,273
  • Gross Receipts: $7,551,203

Assets and Liabilities:

  • Total Assets: $13,274,279
  • Total Liabilities: $5,915,462
  • Net Assets: $7,358,817

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Programs

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

ASSESSMENT

Revenue

$5,924,612

OTHER INCOME

Revenue

$1,342,195

LATE AND LEGAL FEE

Revenue

$118,032

EVENT INCOME

Revenue

$68,490

BOAT INCOME

Revenue

$38,069

Organization Details

Founding Year

2013

Principal Officer

Michelle Jones

Main Address

6718 COLDSTREAM DRIVE, NEW MARKET, MD, 21744

NTEE Category

Code: S22 - Community improvement

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