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Lake Panasoffkee Water Association Inc

  • Lk Panasoffke, FL
  • Tax-exempt since March 1969
  • EIN: 59-1236062

Organization summary

Type of Nonprofit

Designated as a Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$618k (2023)

Expenses
$667k (2023)

Total Assets
$2.15M (2023)

Total Liabilities
$111k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$617,585
Expenses
$666,735
Net Income
-$49,150
Net Assets
$2,041,476
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $607,225
98.3%
Investment Income $10,360
1.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $3,144
0.5%
Professional Fundraising Fees $0
Other Salaries and Wages $213,550
32.0%
Assets/Debt
Total Assets $2,152,856
Total Liabilities $111,380
Net Assets $2,041,476
Club or Co-Op Income
Income From Members $600,230
Income From Other Sources $10,360
Compensation
Key Employees and Officers Compensation Related Other
Mark Weber (Vice President) $599 $0 $0
Albert Baker (Director) $599 $0 $0
Terry Dickerson (Director) $599 $0 $0
Joel Merritt (President) $549 $0 $0
Robert Norris (Secretary/Treasurer) $499 $0 $0
Michael Kerns (Director) $299 $0 $0
+ View more people

Document Links

990
Filed on May 14, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$528,076
Expenses
$605,035
Net Income
-$76,959
Net Assets
$2,097,226
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $526,943
99.8%
Investment Income $1,133
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $2,900
0.5%
Professional Fundraising Fees $0
Other Salaries and Wages $210,952
34.9%
Assets/Debt
Total Assets $2,192,149
Total Liabilities $94,923
Net Assets $2,097,226
Club or Co-Op Income
Income From Members $526,943
Income From Other Sources $1,133
Compensation
Key Employees and Officers Compensation Related Other
Joel Merritt (President) $600 $0 $0
Robert Norris (Secretary/Treasurer) $600 $0 $0
Mark Weber (Vice President) $550 $0 $0
Albert Baker (Director) $550 $0 $0
Terry Dickerson (Director) $300 $0 $0
Rodger Norton (Director) $100 $0 $0
+ View more people

Document Links

990
Filed on May 12, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$535,249
Expenses
$573,882
Net Income
-$38,633
Net Assets
$2,174,120
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $530,649
99.1%
Investment Income $4,600
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $3,543
0.6%
Professional Fundraising Fees $0
Other Salaries and Wages $195,226
34.0%
Assets/Debt
Total Assets $2,256,964
Total Liabilities $82,844
Net Assets $2,174,120
Club or Co-Op Income
Income From Members $530,649
Income From Other Sources $4,600
Compensation
Key Employees and Officers Compensation Related Other
Joel Merritt (President) $549 $0 $0
Gene Elliott (Secretary/Treasurer) $549 $0 $0
Albert Baker (Director) $549 $0 $0
Rodger Norton (Director) $549 $0 $0
Mark Weber (Vice President) $499 $0 $0
Robert Norris (Director) $499 $0 $0
+ View more people

Document Links

990
Filed on May 13, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$538,953
Expenses
$539,825
Net Income
-$872
Net Assets
$2,212,748
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $524,178
97.3%
Investment Income $14,775
2.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $4,243
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $185,532
34.4%
Assets/Debt
Total Assets $2,281,441
Total Liabilities $68,693
Net Assets $2,212,748
Club or Co-Op Income
Income From Members $524,179
Income From Other Sources $14,775
Compensation
Key Employees and Officers Compensation Related Other
Mark Weber (Vice President) $649 $0 $0
Joel Merritt (President) $599 $0 $0
Gene Elliott (Secretary/Treasurer) $599 $0 $0
Albert Baker (Director) $599 $0 $0
Robert Norris (Director) $599 $0 $0
Rodger Norton (Director) $599 $0 $0
Don Martin (Director) $599 $0 $0
+ View more people

Document Links

990
Filed on Feb. 18, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$514,534
Expenses
$469,399
Net Income
$45,135
Net Assets
$2,213,440
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $497,242
96.6%
Investment Income $17,292
3.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $4,193
0.9%
Professional Fundraising Fees $0
Other Salaries and Wages $158,140
33.7%
Assets/Debt
Total Assets $2,285,658
Total Liabilities $72,218
Net Assets $2,213,440
Club or Co-Op Income
Income From Members $497,242
Income From Other Sources $17,292
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Joel Merritt (President) $599 $0 $0
Mark Weber (Vice President) $599 $0 $0
Gene Elliott (Secretary/Treasurer) $599 $0 $0
Albert Baker (Director) $599 $0 $0
Robert Norris (Director) $599 $0 $0
Rodger Norton (Director) $599 $0 $0
Don Martin (Director) $599 $0 $0
+ View more people

Document Links

990
Filed on May 12, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$494,676
Expenses
$496,154
Net Income
-$1,478
Net Assets
$2,168,390
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $490,614
99.2%
Investment Income $4,062
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $4,193
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $194,335
39.2%
Assets/Debt
Total Assets $2,247,512
Total Liabilities $79,122
Net Assets $2,168,390
Club or Co-Op Income
Income From Members $490,614
Income From Other Sources $4,062
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Joel Merritt (President) $599 $0 $0
Mark Weber (Vice President) $599 $0 $0
Gene Elliott (Secretary/Treasurer) $599 $0 $0
Albert Baker (Director) $599 $0 $0
Robert Norris (Director) $599 $0 $0
Rodger Norton (Director) $599 $0 $0
Don Martin (Director) $599 $0 $0
+ View more people

Document Links

990
Filed on Jan. 31, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$517,708
Expenses
$515,517
Net Income
$2,191
Net Assets
$2,185,456
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $516,421
99.8%
Investment Income $1,287
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $4,193
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,252,770
Total Liabilities $67,314
Net Assets $2,185,456
Club or Co-Op Income
Income From Members $516,120
Income From Other Sources $0
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Joel Merritt (President) $599 $0 $0
Mark Weber (Vice President) $599 $0 $0
Gene Elliott (Secretary/Treasurer) $599 $0 $0
Albert Baker (Director) $599 $0 $0
Robert Norris (Director) $599 $0 $0
Rodger Norton (Director) $599 $0 $0
Don Martin (Director) $599 $0 $0
+ View more people

Document Links

990
Filed on Nov. 19, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML
View Filing (2 of 2)

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$479,782
Expenses
$525,490
Net Income
-$45,708
Net Assets
$2,174,593
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $476,344
99.3%
Investment Income $3,438
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $230,284
43.8%
Assets/Debt
Total Assets $2,247,537
Total Liabilities $72,944
Net Assets $2,174,593
Club or Co-Op Income
Income From Members $476,344
Income From Other Sources $3,438

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$473,885
Expenses
$535,737
Net Income
-$61,852
Net Assets
$2,220,361
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $469,383
99.0%
Investment Income $2,727
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,775
0.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $233,170
43.5%
Assets/Debt
Total Assets $2,280,244
Total Liabilities $59,883
Net Assets $2,220,361
Club or Co-Op Income
Income From Members $473,885
Income From Other Sources $0

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$467,750
Expenses
$553,332
Net Income
-$85,582
Net Assets
$2,281,893
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $465,673
99.6%
Investment Income $2,077
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $215,633
39.0%
Assets/Debt
Total Assets $2,342,370
Total Liabilities $60,477
Net Assets $2,281,893
Club or Co-Op Income
Income From Members $467,750
Income From Other Sources $0

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$465,757
Expenses
$494,082
Net Income
-$28,325
Net Assets
$2,367,515
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $463,573
99.5%
Investment Income $2,184
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $202,832
41.1%
Assets/Debt
Total Assets $2,435,624
Total Liabilities $68,109
Net Assets $2,367,515
Club or Co-Op Income
Income From Members $465,757
Income From Other Sources $0

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$464,517
Expenses
$476,755
Net Income
-$12,238
Net Assets
$2,395,890
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $460,005
99.0%
Investment Income $2,862
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,650
0.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $177,154
37.2%
Assets/Debt
Total Assets $2,476,078
Total Liabilities $80,188
Net Assets $2,395,890
Club or Co-Op Income
Income From Members $464,517
Income From Other Sources $0

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$477,239
Expenses
$444,412
Net Income
$32,827
Net Assets
$2,408,138
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $470,375
98.6%
Investment Income $6,976
1.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$112
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $163,131
36.7%
Assets/Debt
Total Assets $2,464,825
Total Liabilities $56,687
Net Assets $2,408,138
Club or Co-Op Income
Income From Members $477,239
Income From Other Sources $0

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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