Lake Floyd Club Inc

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

EIN: 550214118 ✦ Bristol, WV ✦ Designated as a 501(c)(7)

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Overview

What is Lake Floyd Club Inc?

Lake Floyd Club Inc is a community-focused nonprofit, established in Bristol, West Virginia. Situated at 581 Lake Floyd Circle, its primary mission is to offer recreational and athletic facilities to the residents living near the lake and dam area. The organization also undertakes important maintenance tasks related to the lake's dam, ensuring the prevention of flooding in nearby rural communities such as Marshville and Sardis. Additionally, Lake Floyd Club Inc takes care of the land surrounding the lake, which serves as a game refuge and reserve protected by the West Virginia Conservation Commission. The club's activities are geared towards promoting social interaction within the surrounding community.

Is Lake Floyd Club Inc legitimate?

Lake Floyd Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Lake Floyd Club 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $38,676

For more financial information, click here

What is the mission statement of Lake Floyd Club Inc?

Lake Floyd Club Inc's mission is centered around providing recreational and athletic facilities, as well as social functions, for the surrounding community. This organization strives to enhance the community's leisure activities by maintaining and improving these facilities. Additionally, Lake Floyd Club Inc plays a crucial role in ensuring the safety of nearby rural communities, such as Marshville and Sardis, by carrying out necessary repairs and maintenance on the dam. This maintenance serves to prevent potential flooding incidents. Furthermore, the organization takes care of the land surrounding the lake, which is protected as a game refuge and reserve by the West Virginia Conservation Commission.

Who is the CEO of Lake Floyd Club Inc?

Amy Gay is the Board Member of Lake Floyd Club Inc.

What is the revenue of Lake Floyd Club Inc?

Lake Floyd Club Inc's revenue in 2022 was $148,812.

Who are the executives of Lake Floyd Club Inc and what are their salaries?


Here are 15 key members and their salaries:


Bill Kapphan (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roger Smith (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janet Warner (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Haynes (Board Member)
  • Compensation: $4,500
  • Related: $0
  • Other: $0
Paul Carter (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Allen (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brad Hickman (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brianna Cain (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jocelyn Blockwell (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alan Ferree (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amy Sendling (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Lilly (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amy Gay (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Emma Turner (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brad Shingleton (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Lake Floyd Club Inc?

Lake Floyd Club Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Lake Floyd Club Inc

Lake Floyd Club Inc, a community-focused organization, is committed to providing recreational and athletic facilities, as well as social functions, for the surrounding community. Their primary mission is to cater to the needs of the property owners in the Lake and Dam area, offering a space for relaxation and physical activities. Additionally, the organization plays a crucial role in maintaining the Lake's dam, ensuring its structural integrity and preventing potential flooding in the rural communities of Marshville and Sardis. Furthermore, Lake Floyd Club Inc takes care of the land surrounding the Lake, which serves as a game refuge and is protected by the West Virginia Conservation Commission. This commitment to preserving the natural environment and providing recreational facilities for the community aligns with its mission to enhance the quality of life for its members.

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Impact




October, 2024

Lake Floyd Club Inc significantly enhances the quality of life for the community surrounding the lake by providing essential recreational and athletic facilities. Their efforts facilitate social functions that bring together property owners, fostering a sense of community and connection among residents.

The organization is also committed to maintaining the lake's dam, which is crucial for flood prevention in the rural areas of Marshville and Sardis. This maintenance plays a vital role in safeguarding local homes and livelihoods from potential flooding, highlighting the club's contribution to community safety and environmental stewardship.

Furthermore, the surrounding land, classified as a game refuge and reserve, is protected in conjunction with their activities, emphasizing a commitment to conservation and the preservation of natural habitats. Overall, Lake Floyd Club Inc serves as a cornerstone for community engagement, safety, and environmental protection in the Bristol, WV area.




This information is meant to be a general summary of Lake Floyd Club 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.

Revenue
$148,812 (2022)
201120122013201420152016201720182019202020212022$0$200k$400k$600k$800k
Expenses
$206,630 (2022)
201120122013201420152016201720182019202020212022$0$65,000$130k$195k$260k
Efficiency
2011201220132014201520162017201820192020202120220%15%30%45%72%

Other financial information:

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

  • Investment Income: $15
  • Gross Receipts: $148,812

Assets and Liabilities:

  • Total Assets: $715,613
  • Total Liabilities: $1,155
  • Net Assets: $714,458

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Organization Details

Founding Year

1993

Principal Officer

Amy Gay

Main Address

581 LAKE FLOYD CIRCLE, BRISTOL, WV, 26426

NTEE Category

Code: N30 - Recreation

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