Lake In The Hills Owners Association in Lk In The Hls, Illinois (IL)

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Lake In The Hills Owners Association
Employer Identification Number (EIN)362539858
Name of OrganizationLake In The Hills Owners Association
Address1212 Crystal Lake Rd, Lk In The Hls, IL 60156-3338
SubsectionPleasure, Recreational, or Social Club
Ruling Date03/1954
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2014
Assets$10,000 to $24,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$15,305
Amount of Income$181,143
Form 990 Revenue Amount$88,918


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Financial snapshot ($)

Revenue for 2012

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012)
Total revenue$90,186
Contributions, gifts, grants, and similar amounts received$0
Program service revenue including government fees and contracts$0
Membership dues and assessments$1,905
Investment income$0
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$8,538
Gross income from gaming$26,472
Gross income from fundraising events$5,032
Less: direct expenses from gaming and fundraising events$22,966
Gross profit from sales of inventory$79,735
Gross sales of inventory, less returns and allowances$130,835
Less: cost of goods sold$51,100
Other revenue$8
Total expenses$89,207
Total net assets$-166
Excess for the year$979
Net assets or fund balances at beginning of year$-1,145
Other changes in net assets or fund balances$0
Balance Sheets (for 2012)
Total assets$15,576
Total liabilities$15,742
Net assets or fund balances$-166
Other Information (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesYes
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:Not provided
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