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Lake Village Water Association Inc

  • Burgin, KY
  • Tax-exempt since Nov. 1973
  • EIN: 61-0716901

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.

Details

An independent audit commissioned by this organization for the fiscal year ending Dec. 2023 identified:

Material weakness in internal controls
Audit identified a deficiency in internal financial or governance controls that could limit the organization's ability to track and report financial data reliably. The deficiency could lead to failure to prevent or correct noncompliance with requirements.

Summary charts: organization finances over time

Revenue
$1.53M (2023)

Expenses
$1.23M (2023)

Total Assets
$7.09M (2023)

Total Liabilities
$5.68M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits 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.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,533,131
Expenses
$1,225,707
Net Income
$307,424
Net Assets
$1,414,947
Notable Sources of Revenue Percent of Total Revenue
Contributions $332,500
21.7%
Program Services $40,350
2.6%
Investment Income $7,051
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $1,140,929
74.4%
Other Revenue $12,301
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $27,000
2.2%
Professional Fundraising Fees $0
Other Salaries and Wages $448,324
36.6%
Assets/Debt
Total Assets $7,093,383
Total Liabilities $5,678,436
Net Assets $1,414,947
Club or Co-Op Income
Income From Members $1,753,526
Income From Other Sources $59,702
Compensation
Key Employees and Officers Compensation Related Other
Mike Sanford (Executive Director) $120,680 $0 $0
Kenny Carey (Vice Chair) $5,400 $0 $0
Andrea Gross (Sec/Treas) $5,400 $0 $0
James Boyd (Chairman) $5,400 $0 $0
Jeff Hughes (Director) $5,400 $0 $0
Thomas Hager (Director) $5,400 $0 $0
+ View more people

Document Links

990
Filed on Oct. 15, 2024

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

View Filing
XML
Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

PDF
This audit found:
Material weakness in internal controls

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$966,719
Expenses
$1,169,678
Net Income
-$202,959
Net Assets
$1,043,663
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $40,000
4.1%
Investment Income $676
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $926,043
95.8%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $27,000
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $405,868
34.7%
Assets/Debt
Total Assets $5,017,414
Total Liabilities $3,973,751
Net Assets $1,043,663
Club or Co-Op Income
Income From Members $1,541,023
Income From Other Sources $40,676
Compensation
Key Employees and Officers Compensation Related Other
Kenny Carey (Vice Chair) $5,400 $0 $0
Andrea Gross (Sec/Treas) $5,400 $0 $0
James Boyd (Chairman) $5,400 $0 $0
Jeff Hughes (Director) $5,400 $0 $0
Thomas Hager (Director) $5,400 $0 $0
+ View more people

Document Links

990
Filed on Nov. 15, 2023

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$987,516
Expenses
$1,143,427
Net Income
-$155,911
Net Assets
$1,221,287
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $37,500
3.8%
Investment Income $20
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $2,700
0.3%
Net Inventory Sales $947,296
95.9%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $27,000
2.4%
Professional Fundraising Fees $0
Other Salaries and Wages $370,248
32.4%
Assets/Debt
Total Assets $5,315,664
Total Liabilities $4,094,377
Net Assets $1,221,287
Club or Co-Op Income
Income From Members $1,459,591
Income From Other Sources $40,220
Compensation
Key Employees and Officers Compensation Related Other
Kenny Carey (Vice Chair) $5,400 $0 $0
Andrea Gross (Sec/Treas) $5,400 $0 $0
James Boyd (Chairman) $5,400 $0 $0
Jeff Hughes (Director) $5,400 $0 $0
Thomas Hager (Director) $5,400 $0 $0
+ View more people

Document Links

990
Filed on Nov. 7, 2022

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

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$936,392
Expenses
$1,160,117
Net Income
-$223,725
Net Assets
$1,360,998
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $35,000
3.7%
Investment Income $827
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $900,565
96.2%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $23,850
2.1%
Professional Fundraising Fees $0
Other Salaries and Wages $363,454
31.3%
Assets/Debt
Total Assets $5,506,238
Total Liabilities $4,145,240
Net Assets $1,360,998
Club or Co-Op Income
Income From Members $1,452,803
Income From Other Sources $35,827
Compensation
Key Employees and Officers Compensation Related Other
Kenny Carey (Vice Chair) $5,400 $0 $0
James Boyd (Chairman) $5,400 $0 $0
Andrea Gross (Sec/Treas) $4,950 $0 $0
Jeff Hughes (Director) $1,350 $0 $0
Thomas Hager (Director) $1,350 $0 $0
+ View more people

Document Links

990
Filed on Oct. 15, 2021

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

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$950,160
Expenses
$1,173,551
Net Income
-$223,391
Net Assets
$1,573,923
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $35,000
3.7%
Investment Income $1,082
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $914,078
96.2%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $22,800
1.9%
Professional Fundraising Fees $0
Other Salaries and Wages $353,680
30.1%
Assets/Debt
Total Assets $5,815,116
Total Liabilities $4,241,193
Net Assets $1,573,923
Club or Co-Op Income
Income From Members $1,434,411
Income From Other Sources $36,082
Compensation
Key Employees and Officers Compensation Related Other
Earl Camic (Director) $4,800 $0 $0
Kenny Carey (Vice Chair) $4,800 $0 $0
Earl Campbell (Sec/Treas) $4,800 $0 $0
James Boyd (Chairman) $4,800 $0 $0
Danny Noel (Former Chairman) $3,600 $0 $0
+ View more people

Document Links

990
Filed on Sept. 9, 2020

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$877,086
Expenses
$1,199,957
Net Income
-$322,871
Net Assets
$1,784,264
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $35,000
4.0%
Investment Income $920
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $841,166
95.9%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $24,000
2.0%
Professional Fundraising Fees $0
Other Salaries and Wages $357,791
29.8%
Assets/Debt
Total Assets $5,980,579
Total Liabilities $4,196,315
Net Assets $1,784,264
Club or Co-Op Income
Income From Members $1,405,363
Income From Other Sources $35,920
Compensation
Key Employees and Officers Compensation Related Other
Danny Noel (Chairman) $4,800 $0 $0
Earl Camic (Director) $4,800 $0 $0
Kenny Carey (Director) $4,800 $0 $0
Earl Campbell (Sec/Treas) $4,800 $0 $0
James Boyd (Vice Chair) $4,800 $0 $0
+ View more people

Document Links

990
Filed on Sept. 3, 2019

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$933,373
Expenses
$1,142,220
Net Income
-$208,847
Net Assets
$2,097,543
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $35,000
3.7%
Investment Income $867
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $892,762
95.6%
Other Revenue $4,744
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $24,000
2.1%
Professional Fundraising Fees $0
Other Salaries and Wages $339,150
29.7%
Assets/Debt
Total Assets $6,273,965
Total Liabilities $4,176,422
Net Assets $2,097,543
Club or Co-Op Income
Income From Members $1,402,647
Income From Other Sources $40,611
Compensation
Key Employees and Officers Compensation Related Other
Danny Noel (Chairman) $4,800 $0 $0
Earl Camic (Director) $4,800 $0 $0
Kenny Carey (Director) $4,800 $0 $0
Earl Campbell (Sec/Treas) $4,800 $0 $0
James Boyd (Vice Chair) $4,800 $0 $0
+ View more people

Document Links

990
Filed on Nov. 1, 2018

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$919,269
Expenses
$1,135,395
Net Income
-$216,126
Net Assets
$2,296,099
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $29,167
3.2%
Investment Income $863
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $889,239
96.7%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $24,000
2.1%
Professional Fundraising Fees $0
Other Salaries and Wages $326,161
28.7%
Assets/Debt
Total Assets $6,585,022
Total Liabilities $4,288,923
Net Assets $2,296,099
Club or Co-Op Income
Income From Members $1,394,546
Income From Other Sources $30,030
Compensation
Key Employees and Officers Compensation Related Other
Danny Noel (Chairman) $4,800 $0 $0
Earl Camic (Director) $4,800 $0 $0
Kenny Carey (Director) $4,800 $0 $0
Earl Campbell (Sec/Treas) $4,800 $0 $0
James Boyd (Vice Chair) $4,800 $0 $0
+ View more people

Document Links

990
Filed on Aug. 2, 2017

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$867,247
Expenses
$1,094,888
Net Income
-$227,641
Net Assets
$2,503,884
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $25,000
2.9%
Investment Income $1,057
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $841,190
97.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $24,000
2.2%
Professional Fundraising Fees $0
Other Salaries and Wages $323,634
29.6%
Assets/Debt
Total Assets $6,271,265
Total Liabilities $3,767,381
Net Assets $2,503,884
Club or Co-Op Income
Income From Members $1,369,686
Income From Other Sources $26,057
Compensation
Key Employees and Officers Compensation Related Other
Danny Noel (Chairman) $4,800 $0 $0
Earl Camic (Director) $4,800 $0 $0
Kenny Carey (Director) $4,800 $0 $0
Earl Campbell (Sec/Treas) $4,800 $0 $0
James Boyd (Vice Chair) $4,800 $0 $0
+ View more people

Document Links

990
Filed on July 8, 2016

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$849,669
Expenses
$1,057,113
Net Income
-$207,444
Net Assets
$2,720,275
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $25,000
2.9%
Investment Income $994
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $823,675
96.9%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $24,000
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $305,006
28.9%
Assets/Debt
Total Assets $6,434,536
Total Liabilities $3,714,261
Net Assets $2,720,275
Club or Co-Op Income
Income From Members $1,263,875
Income From Other Sources $25,994
Compensation
Key Employees and Officers Compensation Related Other
Danny Noel (Chairman) $4,800 $0 $0
Earl Camic (Director) $4,800 $0 $0
Kenny Carey (Director) $4,800 $0 $0
Earl Campbell (Sec/Treas) $4,800 $0 $0
James Boyd (Vice Chair) $4,800 $0 $0
+ View more people

Document Links

990
Filed on May 15, 2015

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$842,340
Expenses
$1,007,917
Net Income
-$165,577
Net Assets
$2,921,419
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $25,000
3.0%
Investment Income $1,126
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $816,214
96.9%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $24,000
2.4%
Professional Fundraising Fees $0
Other Salaries and Wages $288,839
28.7%
Assets/Debt
Total Assets $6,744,699
Total Liabilities $3,823,280
Net Assets $2,921,419
Club or Co-Op Income
Income From Members $1,237,819
Income From Other Sources $26,126
Compensation
Key Employees and Officers Compensation Related Other
Danny Noel (Chairman) $4,800 $0 $0
Earl Camic (Director) $4,800 $0 $0
Kenny Carey (Director) $4,800 $0 $0
Earl Campbell (Sec/Treas) $4,800 $0 $0
James Boyd (Vice Chair) $4,800 $0 $0
+ View more people

Document Links

990
Filed on April 30, 2014

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$840,041
Expenses
$993,601
Net Income
-$153,560
Net Assets
$2,016,296
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $25,000
3.0%
Investment Income $3,051
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $811,990
96.7%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $24,000
2.4%
Professional Fundraising Fees $0
Other Salaries and Wages $270,360
27.2%
Assets/Debt
Total Assets $5,930,508
Total Liabilities $3,914,212
Net Assets $2,016,296
Club or Co-Op Income
Income From Members $1,160,475
Income From Other Sources $28,051

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$798,241
Expenses
$958,296
Net Income
-$160,055
Net Assets
$2,129,306
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $25,000
3.1%
Investment Income $5,636
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $767,605
96.2%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $18,000
1.9%
Professional Fundraising Fees $0
Other Salaries and Wages $252,816
26.4%
Assets/Debt
Total Assets $6,099,962
Total Liabilities $3,970,656
Net Assets $2,129,306
Club or Co-Op Income
Income From Members $1,093,688
Income From Other Sources $30,636

Document Links

990

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

PDF

Fiscal Year Ending Dec.
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 Dec.
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

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

PDF

Fiscal Year Ending Dec.
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 Dec.
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 Dec.
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

Fiscal Year Ending Dec.
2004

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.

Updated