Overview
What is Lake Monticello Owners Association?
Lake Monticello Owners Association is a nonprofit organization situated in Lake Monticello, Virginia. Established to oversee and manage the community, it boasts over 4,600 individual units. The Association's primary objectives involve maintaining the common areas, offering municipal-type services, and ensuring the smooth operation of Lake Monticello. To achieve these goals, they provide essential services such as security, maintain recreational facilities, manage roads, and oversee the upkeep of common areas. With a dedicated workforce of 77 employees, Lake Monticello Owners Association is committed to preserving and enhancing the quality of life for its residents.
Official website here: www.lmoa.org
Is Lake Monticello Owners Association legitimate?
Lake Monticello Owners Association is a legitimate nonprofit organization registered as a 501(c)(4) entity. Lake Monticello Owners 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: $129,552
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,809,409
For more financial information, click here
Official website here: www.lmoa.org
What is the mission statement of Lake Monticello Owners Association?
The Lake Monticello Owners Association's mission is centered around managing and serving its community, specifically providing security, recreational facilities, maintaining roads, and overseeing common area upkeep. This non-profit organization is dedicated to preserving common areas, offering municipal-type services, and managing the Lake Monticello community for over 4,600 individual units. Their primary aim is to ensure a harmonious and well-maintained living environment for its members.
Official website here: www.lmoa.org
What is the revenue of Lake Monticello Owners Association?
Lake Monticello Owners Association's revenue in 2023 was $9,583,315.
Official website here: www.lmoa.org
Who are the executives of Lake Monticello Owners Association and what are their salaries?
The average compensation at Lake Monticello Owners Association during 2023 was $33,430. There are 58 employees and 100 volunteers at Lake Monticello Owners Association.
Here are 9 key members and their salaries:
- Compensation: $129,552
- Related: $0
- Other: $0
- Compensation: $107,141
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.lmoa.org
Where can I find the form 990 for Lake Monticello Owners Association?
Lake Monticello Owners Association's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lmoa.org
Learn more at the official website: www.lmoa.org
Mission Statement of Lake Monticello Owners Association
The Lake Monticello Owners Association, a recognized entity, is dedicated to managing and serving the Lake Monticello community. This nonprofit organization focuses on various aspects of community maintenance, ensuring the safety, recreation, and overall well-being of its 4,600 individual units. The Association's mission involves preserving common areas, providing municipal-type services, and managing the Lake Monticello community effectively. In essence, the Lake Monticello Owners Association is committed to maintaining a harmonious and well-maintained environment for its members, offering essential services and facilities that foster a sense of community and enjoyment for all its residents.
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Impact
October, 2024
The Lake Monticello Owners Association significantly enhances the quality of life for residents by managing essential services and amenities within the community. With a focus on security, recreational facilities, road maintenance, and the upkeep of common areas, the association plays a pivotal role in preserving the environment and infrastructure of Lake Monticello.
By overseeing the management of over 4,600 individual units, the association ensures that residents enjoy a safe and well-maintained living environment. This includes regular maintenance of parks, community spaces, and roads, fostering a sense of community and engagement among residents. Additionally, the recreational facilities provided by the association promote a healthy lifestyle and social interaction, further strengthening community bonds.
Through its efforts, the Lake Monticello Owners Association not only improves the day-to-day experiences of residents but also contributes to the long-term sustainability and appeal of the Lake Monticello community.
This information is meant to be a general summary of Lake Monticello Owners 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $133,066
- Program Service Revenue: $9,189,872
- Gross Receipts: $9,583,315
Assets and Liabilities:
- Total Assets: $27,282,606
- Total Liabilities: $6,137,646
- Net Assets: $21,144,960
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER DUES
Revenue
$6,378,146
GOLF AND RELATED FEES
Revenue
$1,186,311
FOOD AND BEVERAGE REVENUES
Revenue
$982,632
BAR CODE INCOME
Revenue
$289,415
RECREATION FEES
Revenue
$245,218
Organization Details
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