TY 2024 Form 990EZ

(a) Name and title

(b) Average
hours per week
devoted to position

(c) Reportable compensation
(Forms W-2/1099-MISC) (if not paid, enter -0-)

(d) Health benefits, contributions to employee benefit plans, and
deferred compensation

(e) Estimated amount
of other compensation

MARGARET MULLINS

President

PHYLLIS BROWN

Vice President

PATRICIA POMEROY

Treasurer

15.00

(a) Name and title of each employee

(b) Average
hours per week
devoted to position

(c) Reportable compensation
(Forms W-2/1099-MISC)

(d) Health benefits, contributions to employee benefit plans, and deferred compensation

(e) Estimated amount of other compensation

NONE

(a) Name and business address of each independent contractor

(b) Type of service

(c) Compensation

NONE

- TIN:

SCHEDULE O
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

Open to Public
Inspection

Name of the organization

LAKE OWASSA COMMUNITY ASSOCIATION

Employer identification number

22-1629142

Return Reference	Explanation
Other Expenses.1001	Advertising and Promotion $276
Other Expenses.1012	Insurance $18553
Other Expenses.1	WEED TREATMENT $14618
Other Expenses.2	PROPERTY TAXES $14195
Other Expenses.3	HAB TREATMENT $11249
Other Expenses.4	FISHING EXPENSES $8706
Other Expenses.5	WATER $7090
Other Expenses.6	HAB CONSULTANT $3700
Other Expenses.7	RULES $2983
Other Expenses.8	PROPERTY EXPENSE $2944
Other Expenses.9	STICKERS $2674
Other Expenses.10	RECREATION $2288
Other Expenses.11	OFFICE EQUIPMENT $1599
Other Expenses.12	WATER TESTING $1252
Other Expenses.13	STORAGE FEES $1200
Other Expenses.14	MEMBER MEETINGS $864
Other Expenses.15	SPECIAL PROJECTS $863
Other Expenses.16	OFFICE SUPPLIES $765
Other Expenses.17	INTERNET $680
Other Expenses.18	SHIPPING $635
Other Expenses.19	MISC $595
Other Expenses.20	MILEAGE $519
Other Expenses.21	SECRETARY TELEPHONE $206
Other Expenses.22	MEMBERSHIPS $125
Other Expenses.23	BANK FEES $52
Other Expenses.24	PRINTING $46
Other Expenses.25	FILING FEES $33
Other Expenses.26	VEHICLE REGISTRATION $29

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) (Rev. 1-2025)

Additional Data

Software ID:	24020490
Software Version:	2024v5.2

1	Contributions, gifts, grants, and similar amounts received ....................	1	187,953
2	Program service revenue including government fees and contracts ................	2
3	Membership dues and assessments .............................	3
4	Investment income ....................................	4	3,311
5a	Gross amount from sale of assets other than inventory .......	5a
b	Less: cost or other basis and sales expenses ............	5b	0
c	Gain or (loss) from sale of assets other than inventory (Subtract line 5b from line 5a) ......	5c
6	Gaming and fundraising events
a	Gross income from gaming (attach Schedule G if greater than $15,000)	6a
b	Gross income from fundraising events (not including $ of contributions from fundraising events reported on line 1) (attach Schedule G if the			sum of such gross income and contributions exceeds $15,000) ..	6b	0
c	Less: direct expenses from gaming and fundraising events ...	6c	0
d	Net income or (loss) from gaming and fundraising events (add lines 6a and 6b and subtract line 6c)	6d
7a	Gross sales of inventory, less returns and allowances ......	7a
b	Less: cost of goods sold .............	7b	0
c	Gross profit or (loss) from sales of inventory (Subtract line 7b from line 7a) .........	7c
8	Other revenue (describe in Schedule O) ....................	8
9	Total revenue. Add lines 1, 2, 3, 4, 5c, 6d, 7c, and 8 ..............	9	191,264

Part ⅢStatement of Program Service Accomplishments (see the instructions for Part III) Check if the organization used Schedule O to respond to any question in this Part III . .	Expenses (Required for section 501(c)(3) and 501(c)(4) organizations; optional for others.)
What is the organization's primary exempt purpose? MONITOR AND PROTECT LAKE CONDITIONS
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. In a clear and concise manner, describe the services provided, the number of persons benefited, and other relevant information for each program title.
28 MONITOR AND PROTECT LAKE CONDITION AND DOCKS, RECREATION FOR MEMBERS FISHING CONTESTS, AND MAINTAIN RULES WITH PATROL (Grants $ ) If this amount includes foreign grants, check here ...		28a
29 (Grants $ ) If this amount includes foreign grants, check here ...		29a
30 (Grants $ ) If this amount includes foreign grants, check here ...		30a
31 Other program services (describe in Schedule O) ................ (Grants $ ) If this amount includes foreign grants, check here...	31a
32 Total program service expenses (add lines 28a through 31a)..........	32

Sign Here

	Signature of officer	Date

	Type or print name and title

10	Grants and similar amounts paid (list in Schedule O) ................	10
11	Benefits paid to or for members ......................	11
12	Salaries, other compensation, and employee benefits ................	12	33,902
13	Professional fees and other payments to independent contractors ............	13	983
14	Occupancy, rent, utilities, and maintenance ...................	14
15	Printing, publications, postage, and shipping ...................	15
16	Other expenses (describe in Schedule O) ...................	16	98,739
17	Total expenses. Add lines 10 through 16 .................	17	133,624

18	Excess or (deficit) for the year (Subtract line 17 from line 9) ............	18	57,640
19	Net assets or fund balances at beginning of year (from line 27, column (A)) (must agree with
	end-of-year figure reported on prior year’s return) .................	19	394,053
20	Other changes in net assets or fund balances (explain in Schedule O) ...........	20
21	Net assets or fund balances at end of year. Combine lines 18 through 20 ..........	21	451,693