Lake Owassa Community Association in Branchville, New Jersey (NJ)
Table of contents:
| Lake Owassa Community Association | |
| Employer Identification Number (EIN) | 221629142 |
| Name of Organization | Lake Owassa Community Association |
| Address | PO BOX 657, Branchville, NJ 07826-0657 |
| Activities | Other social activities |
| Subsection | Pleasure, Recreational, or Social Club |
| Ruling Date | 03/1995 |
| Deductibility | Contributions are not deductible |
| Foundation | All organizations except 501(c)(3) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 08/2014 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $94,828 |
| Amount of Income | $42,998 |
| Form 990 Revenue Amount | $42,998 |
Non-representatives - add comments:
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $51,975 | $49,580 | $51,838 |
| Contributions, gifts, grants, and similar amounts received | $4,438 | $4,155 | $7,567 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $45,065 | $45,258 | $44,320 |
| Investment income | $390 | $207 | $115 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $2,082 | $-40 | $-164 |
| Gross sales of inventory, less returns and allowances | $2,932 | $3,515 | $2,078 |
| Less: cost of goods sold | $850 | $3,555 | $2,242 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $46,625 | $46,632 | $75,309 |
| Total net assets | $127,539 | $130,487 | $82,461 |
| Excess/Deficit for the year | $5,350 | $2,948 | $-23,471 |
| Net assets or fund balances at beginning of year | $122,189 | $127,539 | $105,932 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $130,487 | $82,461 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $128,437 | $130,487 | $82,461 |
| Total liabilities | $898 | $0 | $0 |
| Net assets or fund balances | $127,539 | $130,487 | $82,461 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $1,000 | $0 | $800 |
| Gross receipts for public use of club facilities | $43,880 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | Not provided |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
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| Other organizations in New Jersey | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Lake Forrest Yacht Club | PO BOX 217, Lk Hopatcong, NJ 07849-0217 | NJ | 1973-07 | $302,228 |
| 2 | Lake Gilman Owners Inc | 1400 Ellis Mill Rd, Monroeville, NJ 08343-2837 | NJ | 1973-10 | $82,581 |
| 3 | Lake Hiawatha Swim Club Inc | PO BOX 125, Lake Hiawatha, NJ 07034-0125 | NJ | 2002-06 | $148,166 |
| 4 | Lake Hiawatha Volunteer Firedepartment Assocation Inc | North Beverwyck Lake Shore Drive, Lake Hiawatha, NJ 07034 | NJ | 2007-03 | $34,345 |
| 5 | Lake Hopatcong Yacht Club Inc | PO BOX 8308, Landing, NJ 07850-8308 | NJ | 1992-05 | $682,047 |
| 6 | Lake Intervale Management Association | Po Box 221, Boonton, NJ 07005 | NJ | 1983-09 | $0 |
| 7 | Lake Island Rifle And Pistol Club Inc | PO BOX 214, Carteret, NJ 07008-0214 | NJ | 2009-04 | $43,893 |
| 8 | Lake Lenape Association | PO BOX 438, Andover, NJ 07821-0438 | NJ | 1979-06 | $180,275 |
| 9 | Lake Lookover Property Owners Association | Po Box 503, Hewitt, NJ 07421 | NJ | 2008-09 | $0 |
| 10 | Lake Mohawk Country Club | 21 Boardwalk, Sparta, NJ 07871-1806 | NJ | 1964-02 | $5,886,604 |
| 11 | Lake Owassa Community Association | PO BOX 657, Branchville, NJ 07826-0657 | NJ | 1995-03 | $42,998 |
| 12 | Lake Pine Colony Club | PO BOX 1091, Medford, NJ 08055-6091 | NJ | 1958-09 | $159,002 |
| 13 | Lake Reality | 544 Lafayette Ave, Hawthorne, NJ 07506-2423 | NJ | 1983-10 | $68,096 |
| 14 | Lake Shawnee Club Inc | 4 W Shawnee Trl, Wharton, NJ 07885-2922 | NJ | 1957-10 | $190,541 |
| 15 | Lake Solitude Club Inc | 322 Main St, Blairstown, NJ 07825-2611 | NJ | 2008-01 | $41,566 |
| 16 | Lake Stockholm Country Club & Community Assoc Inc | PO BOX 151, Stockholm, NJ 07460-0151 | NJ | 1997-11 | $134,684 |
| 17 | Lake Stockholm Water Systems Inc | PO BOX 124, Stockholm, NJ 07460-0124 | NJ | 1989-11 | $46,974 |
| 18 | The Lake Valhalla Club | Co Visra Rd Club House, Montville, NJ 07045 | NJ | 1968-10 | $3,347,990 |
| 19 | Lakehurst First Aid Squad | PO BOX 71, Lakehurst, NJ 08733-0071 | NJ | 1966-11 | $48,513 |
| 20 | Lakehurst Manchester Rotary Club Charitable Foundation Inc | PO BOX 305, Lakehurst, NJ 08733-0305 | NJ | 2004-02 | $26,122 |
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