Overview
What is Lake Panasoffkee Water Association Inc?
Lake Panasoffkee Water Association Inc is a nonprofit organization situated in Lake Panasoffkee, Florida. Their primary mission is to manage a rural water utility, ensuring the provision of clean drinking water to approximately 1500 residents living in the surrounding area. With a dedicated workforce of six individuals, they maintain this essential service, ensuring the community's access to potable water. The organization's activities are focused on operating and maintaining this water utility, thereby contributing to the well-being of the local community.
Official website here: www.lakepanwater.com
Is Lake Panasoffkee Water Association Inc legitimate?
Lake Panasoffkee Water Association Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Lake Panasoffkee Water Association 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: $2,900
Professional Fundraising Fees: $0
Other Salaries and Wages: $210,952
For more financial information, click here
Official website here: www.lakepanwater.com
What is the mission statement of Lake Panasoffkee Water Association Inc?
The Lake Panasoffkee Water Association Inc's mission is centered around maintaining a rural water utility. This mission extends to providing potable water to its members residing in various locations. By doing so, the association aims to ensure a reliable water supply for approximately 1500 individuals in its service area. The organization's primary goal is to ensure the delivery of safe and clean water, thereby contributing to the well-being and daily needs of its members.
Official website here: www.lakepanwater.com
Who is the CEO of Lake Panasoffkee Water Association Inc?
Joel Merritt is the President of Lake Panasoffkee Water Association Inc.
Official website here: www.lakepanwater.com
What is the revenue of Lake Panasoffkee Water Association Inc?
Lake Panasoffkee Water Association Inc's revenue in 2022 was $528,076.
Official website here: www.lakepanwater.com
Who are the executives of Lake Panasoffkee Water Association Inc and what are their salaries?
The average compensation at Lake Panasoffkee Water Association Inc during 2022 was $35,642. There are 6 employees at Lake Panasoffkee Water Association Inc.
Here are 6 key members and their salaries:
- Compensation: $600
- Related: $0
- Other: $0
- Compensation: $550
- Related: $0
- Other: $0
- Compensation: $550
- Related: $0
- Other: $0
- Compensation: $600
- Related: $0
- Other: $0
- Compensation: $100
- Related: $0
- Other: $0
- Compensation: $300
- Related: $0
- Other: $0
Official website here: www.lakepanwater.com
Where can I find the form 990 for Lake Panasoffkee Water Association Inc?
Lake Panasoffkee Water Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lakepanwater.com
Learn more at the official website: www.lakepanwater.com
Mission Statement of Lake Panasoffkee Water Association Inc
Lake Panasoffkee Water Association Inc, as its mission statement suggests, is committed to maintaining a rural water utility. This organization's primary objective is to provide potable water to its members residing in the Lake Panasoffkee, Florida area. With approximately 1500 members relying on their services, Lake Panasoffkee Water Association Inc plays a critical role in ensuring the community has access to clean water. By managing this rural water utility, the association ensures the delivery of essential water resources, thereby contributing to the well-being and daily lives of its members.
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Impact
October, 2024
Lake Panasoffkee Water Association Inc plays a critical role in providing potable water to approximately 1,500 members in the Lake Panasoffkee area of Florida. By maintaining a rural water utility, the organization ensures that residents have access to clean and safe drinking water, which is vital for public health and well-being. This access not only supports individual households but also fosters community development and enhances the quality of life for residents in the region.
The commitment to maintaining a reliable water supply is essential in rural areas, where infrastructure may be limited. The association’s efforts help to safeguard the environment and local resources by managing water systems effectively. Overall, Lake Panasoffkee Water Association Inc significantly contributes to the community's sustainability and prosperity by fulfilling essential water needs.
This information is meant to be a general summary of Lake Panasoffkee Water Association 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,133
- Program Service Revenue: $526,943
- Gross Receipts: $528,076
Assets and Liabilities:
- Total Assets: $2,192,149
- Total Liabilities: $94,923
- Net Assets: $2,097,226
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
WATER SALES
Revenue
$470,710
REINSTATEMENT/TRANSFER
Revenue
$21,100
INSTALLATION FEES
Revenue
$19,900
LATE FEES, DEPOSIT FOR
Revenue
$15,233
Organization Details
Founding Year
1965
Phone
(352) 793-4236Principal Officer
Joel Merritt
Main Address
1165 CR 465, LAKE PANASOFFKEE, FL, 33538
Website
www.lakepanwater.comNTEE Category
Code: W80 - Public benefit
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