Overview
What is Enchanted Lake Residents Association?
The Enchanted Lake Residents Association is a nonprofit organization situated in Kailua, Hawaii. In a previous fiscal year, they successfully settled a significant property damage claim due to third-party siltation and pollution in their private recreational lake. The funds obtained from the settlement will be utilized over the subsequent years to mitigate the damage. During the current fiscal year, an escrowed contingency holdback from the initial settlement was fully released to the organization due to a lack of contingencies. Additionally, in a prior fiscal year, the association acquired custom-built equipment worth $110,812 to remove pollutants such as algae and seaweed from the lake. Currently, the organization is engaged in the planning and permitting phase of a planned dredging of the lake. The primary mission of the Enchanted Lake Residents Association is to manage and maintain the lake for the recreational and aesthetic benefit of its members. The lake also serves as a crucial drainage and flood control element for the larger surrounding community.
Official website here: www.kaelepulupond.org
Is Enchanted Lake Residents Association legitimate?
Enchanted Lake Residents Association is a legitimate nonprofit organization registered as a 501(c)(7) entity. Enchanted Lake Residents 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:
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For more financial information, click here
Official website here: www.kaelepulupond.org
What is the mission statement of Enchanted Lake Residents Association?
The Enchanted Lake Residents Association is committed to managing and maintaining a private community lake for the recreational and aesthetic benefit of its members. This lake also serves as a crucial drainage and flood control element for the larger surrounding community. The organization has taken proactive steps to ensure the lake's health, settling a significant property damage claim due to third-party pollution and siltation in the past. The proceeds from this settlement are being used to mitigate the damage over several years. Moreover, the association has acquired custom-built equipment worth $110,812 to remove pollutants like algae and seaweed from the lake. The association is also in the planning and permitting phase of a planned dredging of the lake.
Official website here: www.kaelepulupond.org
Who is the CEO of Enchanted Lake Residents Association?
Don Young is the President of Enchanted Lake Residents Association.
Official website here: www.kaelepulupond.org
What is the revenue of Enchanted Lake Residents Association?
Enchanted Lake Residents Association's revenue in 2022 was $52,980.
Official website here: www.kaelepulupond.org
Who are the executives of Enchanted Lake Residents Association and what are their salaries?
There 20 volunteers at Enchanted Lake Residents Association.
Here are 12 key members and their salaries:
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Official website here: www.kaelepulupond.org
Where can I find the form 990 for Enchanted Lake Residents Association?
Enchanted Lake Residents Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kaelepulupond.org
Learn more at the official website: www.kaelepulupond.org
Mission Statement of Enchanted Lake Residents Association
The Enchanted Lake Residents Association is devoted to managing and maintaining a private community lake for the recreational and aesthetic benefit of its members. This lake not only serves as a source of enjoyment for the association's members but also plays a crucial role as a drainage and flood control element for the larger surrounding community. The organization's mission involves managing, securing, insuring, and maintaining the lake to ensure its long-term sustainability and utility.
In the past, the Enchanted Lake Residents Association took legal action against a third party due to siltation and pollution of the lake, resulting in a significant property damage claim. The proceeds from this settlement were used to mitigate the damage over several years. Additionally, the association procured custom-built equipment to remove algae, seaweed, and other pollutants from the lake, with a delivery cost of $110,812. Currently, the organization is also engaged in the planning and permitting phase of a dredging project for the lake.
In summary, the Enchanted Lake Residents Association is an organization that is committed to preserving and enhancing its private community lake, ensuring it remains a valuable recreational and environmental resource for its members and the larger community. The association's proactive approach to managing the lake, including legal action, equipment procurement, and dredging plans, demonstrates its dedication to maintaining the lake's health and longevity.
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Impact
October, 2024
The Enchanted Lake Residents Association significantly enhances the quality of life for its community by actively managing and maintaining a private recreation lake. This organization addresses critical environmental concerns, such as pollution and sedimentation, which directly impact the health and aesthetics of the lake.
Through a recent settlement regarding property damage due to third-party siltation and pollution, the association secured financial resources that will be utilized over several years to mitigate environmental damage. This allows for the restoration of the lake's natural beauty and recreational opportunities for residents.
Strategically, the association has invested in custom-built equipment designed to remove algae, seaweed, and other pollutants, totaling over $110,000. This investment not only improves water quality but also ensures a safer environment for recreational activities, which boosts community engagement and enjoyment of the natural landscape.
Moreover, the planning and permitting for a dredging project demonstrates a commitment to long-term sustainability and flood control. The lake serves not just as a recreational space, but also as a crucial drainage and flood control element, benefiting the larger Kailua community. Through these efforts, the Enchanted Lake Residents Association plays a vital role in enhancing both the ecological health and recreational appeal of the area.
This information is meant to be a general summary of Enchanted Lake Residents 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 2022.
- Investment Income: $1,059
- Program Service Revenue: $51,921
- Gross Receipts: $52,980
Assets and Liabilities:
- Total Assets: $944,485
- Total Liabilities: $402,472
- Net Assets: $542,013
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LAKE MAINTENANCE ASSES
Revenue
$51,921
Organization Details
Founding Year
1987
Phone
(808) 230-8821Principal Officer
Don Young
Main Address
PO BOX 1485, KAILUA, HI, 96734
Website
www.kaelepulupond.orgNTEE Category
Code: N50 - Recreation
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