Overview
What is Lake Lydia Inc?
Lake Lydia Inc. is a nonprofit organization situated in Quitman, Texas. Their primary mission is to manage a private lake, ensuring its upkeep and catering to the needs of all its members. The organization's purpose is to maintain the lake and contribute to the overall benefit of its members. This includes routine maintenance and upkeep tasks to ensure the lake remains a valuable asset for all members to enjoy.
Is Lake Lydia Inc legitimate?
Lake Lydia Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Lake Lydia 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: $33,950
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What is the mission statement of Lake Lydia Inc?
Lake Lydia Inc's mission revolves around managing a private lake, ensuring its maintenance, and serving the benefits of all its organization members. The primary objective is to cater to the needs of its members, maintaining the lake as a shared resource. Lake Lydia Inc strives to enhance the experience of its members by managing the lake effectively and ensuring its continuous well-being. The organization's mission is centered around providing a beneficial and enjoyable lake experience for all its members.
Who is the CEO of Lake Lydia Inc?
Grady Doss is the President of Lake Lydia Inc.
What is the revenue of Lake Lydia Inc?
Lake Lydia Inc's revenue in 2023 was $135,259.
Who are the executives of Lake Lydia Inc and what are their salaries?
The average compensation at Lake Lydia Inc during 2023 was $16,975. There are 2 employees at Lake Lydia Inc.
Here are 11 key members and their salaries:
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- Compensation: $22,135
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- Other: $1,271
- Compensation: $10,000
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- Other: $544
Where can I find the form 990 for Lake Lydia Inc?
Lake Lydia Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Lake Lydia Inc
Lake Lydia Inc, as a social or country club, is committed to managing a private lake with the primary goal of benefiting all its members. The organization's mission is to maintain and serve this lake, ensuring it remains a valuable asset for every member of the community. By doing so, Lake Lydia Inc aims to contribute positively to the well-being and enjoyment of its members. The club's activities are geared towards ensuring the lake remains in a pristine state, fostering a sense of camaraderie and community among its members. Lake Lydia Inc is dedicated to preserving this shared resource, ensuring it remains a source of relaxation, recreation, and social interaction for its members.
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Impact
October, 2024
Lake Lydia Inc plays a vital role in enhancing community well-being through the management and maintenance of its private lake in Quitman, TX. By creating a space dedicated to recreation, it fosters a sense of community among its members. The organization ensures that the lake is well-kept and accessible, providing opportunities for activities such as fishing, boating, and relaxation. This commitment not only enriches the leisure time of its members but also strengthens social connections within the community. Through its efforts, Lake Lydia Inc contributes to the quality of life in the area, promoting both environmental stewardship and shared enjoyment of natural resources.
This information is meant to be a general summary of Lake Lydia 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 2023.
- Investment Income: $602
- Gross Receipts: $135,259
Assets and Liabilities:
- Total Assets: $818,140
- Total Liabilities: $0
- Net Assets: $818,140
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Organization Details
Founding Year
1948
Phone
(903) 967-2003Principal Officer
Grady Doss
Main Address
1336 County Road 3230, Quitman, TX, 75783
NTEE Category
Code: N50 - Recreation
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