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Seven Lakes Water Assoc

Organization summary

Type of Nonprofit

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

Category: Public, Society Benefit — Multipurpose and Other / Public Utilities (NTEE)

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$1.16M (2023)

Expenses
$973k (2023)

Total Assets
$7.38M (2023)

Total Liabilities
$74.7k (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 Aug.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,156,569
Expenses
$973,319
Net Income
$183,250
Net Assets
$7,307,391
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,140,453
98.6%
Investment Income $13,678
1.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,438
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $337,091
34.6%
Assets/Debt
Total Assets $7,382,113
Total Liabilities $74,722
Net Assets $7,307,391
Club or Co-Op Income
Income From Members $1,140,453
Income From Other Sources $16,116
Compensation
Key Employees and Officers Compensation Related Other
Bryan Gregory (Trustee) $0 $0 $0
Bruce Holen (President) $0 $0 $0
Keith Krueger (Vice President) $0 $0 $0
Karri Chase (Prior Treasurer) $0 $0 $0
Marc Lebeau (Secretary) $0 $0 $0
Mary Jo Lake (Trustee) $0 $0 $0
Leslie Magnuson (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$984,716
Expenses
$940,216
Net Income
$44,500
Net Assets
$7,113,954
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $985,553
> 100%
Investment Income $1,442
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$2,279
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $159,384
17.0%
Professional Fundraising Fees $0
Other Salaries and Wages $206,949
22.0%
Assets/Debt
Total Assets $7,205,671
Total Liabilities $91,717
Net Assets $7,113,954
Club or Co-Op Income
Income From Members $985,553
Income From Other Sources $2,136
Compensation
Key Employees and Officers Compensation Related Other
Paul Lucas (General Manager) $159,384 $0 $0
Bruce Holen (President) $0 $0 $0
Keith Krueger (Vice President) $0 $0 $0
Karri Chase (Treasurer) $0 $0 $0
Marc Lebeau (Secretary) $0 $0 $0
Mary Jo Lake (Trustee) $0 $0 $0
Andrew Springer (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,087,040
Expenses
$901,211
Net Income
$185,829
Net Assets
$7,032,405
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,084,472
99.8%
Investment Income $2,568
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 $144,730
16.1%
Professional Fundraising Fees $0
Other Salaries and Wages $181,034
20.1%
Assets/Debt
Total Assets $7,095,083
Total Liabilities $62,678
Net Assets $7,032,405
Club or Co-Op Income
Income From Members $1,084,480
Income From Other Sources $5,804
Compensation
Key Employees and Officers Compensation Related Other
Paul Lucas (General Manager) $144,730 $0 $0
Lisa Welty (Director) $0 $0 $0
Keith Leonard (Secretary/Treas) $0 $0 $0
Bruce Black (President) $0 $0 $0
Ron Crow (Director) $0 $0 $0
Craig Thompson (Vice President) $0 $0 $0
Kim Gudgel (Director) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,084,274
Expenses
$819,532
Net Income
$264,742
Net Assets
$6,843,340
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,079,059
99.5%
Investment Income $5,215
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 $132,653
16.2%
Professional Fundraising Fees $0
Other Salaries and Wages $183,100
22.3%
Assets/Debt
Total Assets $7,335,159
Total Liabilities $491,819
Net Assets $6,843,340
Club or Co-Op Income
Income From Members $1,077,603
Income From Other Sources $5,215
Compensation
Key Employees and Officers Compensation Related Other
Paul Lucas (General Manager) $132,653 $0 $0
Lisa Welty (Director) $0 $0 $0
Keith Leonard (Secretary/Treas) $0 $0 $0
Bruce Black (President) $0 $0 $0
Ron Crow (Director) $0 $0 $0
Craig Thompson (Vice President) $0 $0 $0
Kim Gudgel (Director) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,230,139
Expenses
$738,130
Net Income
$492,009
Net Assets
$6,578,803
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,229,699
100.0%
Investment Income $9,294
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$8,854
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $243,454
33.0%
Professional Fundraising Fees $0
Other Salaries and Wages $96,573
13.1%
Assets/Debt
Total Assets $7,127,025
Total Liabilities $548,222
Net Assets $6,578,803
Club or Co-Op Income
Income From Members $1,229,699
Income From Other Sources $9,036
Compensation
Key Employees and Officers Compensation Related Other
Dan Welty (Employee) $134,492 $0 $0
Paul Lucas (General Manager) $108,962 $0 $0
Lisa Welty (Director) $0 $0 $0
Keith Leonard (Secretary/Treas) $0 $0 $0
Bruce Black (President) $0 $0 $0
Chuck Lucas (Fromer Sec.) $0 $0 $0
Pat Mcallister (Director) $0 $0 $0
Kim Gudgel (Director) $0 $0 $0
Craig Thompson (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,246,407
Expenses
$669,159
Net Income
$577,248
Net Assets
$6,081,802
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,242,775
99.7%
Investment Income $3,632
0.3%
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 $100,659
15.0%
Professional Fundraising Fees $0
Other Salaries and Wages $205,338
30.7%
Assets/Debt
Total Assets $6,291,856
Total Liabilities $210,054
Net Assets $6,081,802
Club or Co-Op Income
Income From Members $1,242,775
Income From Other Sources $2,672
Compensation
Key Employees and Officers Compensation Related Other
Paul Lucas (General Manager) $100,659 $0 $0
Chuck Lucas (Secretary/Treas) $0 $0 $0
Keith Leonard (Director) $0 $0 $0
Bruce Black (President) $0 $0 $0
James Olson (Director) $0 $0 $0
Pat Mcallister (Director) $0 $0 $0
Kim Gudgel (Director) $0 $0 $0
Craig Thompson (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$896,461
Expenses
$781,004
Net Income
$115,457
Net Assets
$5,498,264
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $887,466
99.0%
Investment Income $7,795
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,200
0.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $98,987
12.7%
Professional Fundraising Fees $0
Other Salaries and Wages $236,678
30.3%
Assets/Debt
Total Assets $5,537,613
Total Liabilities $39,349
Net Assets $5,498,264
Club or Co-Op Income
Income From Members $887,467
Income From Other Sources $10,757
Compensation
Key Employees and Officers Compensation Related Other
Paul Lucas (General Manager) $98,987 $0 $0
Chuck Lucas (Secretary/Treas) $0 $0 $0
Keith Leonard (Director) $0 $0 $0
Bruce Black (President) $0 $0 $0
James Olson (Director) $0 $0 $0
Pat Mcallister (Director) $0 $0 $0
Kim Gudgel (Director) $0 $0 $0
Craig Thompson (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$746,714
Expenses
$576,681
Net Income
$170,033
Net Assets
$5,377,295
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $740,505
99.2%
Investment Income $6,443
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$234
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $95,436
16.5%
Professional Fundraising Fees $0
Other Salaries and Wages $116,646
20.2%
Assets/Debt
Total Assets $5,426,661
Total Liabilities $49,366
Net Assets $5,377,295
Club or Co-Op Income
Income From Members $740,673
Income From Other Sources $6,275
Compensation
Key Employees and Officers Compensation Related Other
Paul Lucas (General Manager) $95,436 $0 $0
Michael Mack (Director) $0 $0 $0
Bruce Black (Secretary/Treas) $0 $0 $0
James Olson (President) $0 $0 $0
Dan Welty (Former Vp) $0 $0 $0
Tom Smith (Director) $0 $0 $0
Craig Thompson (Vice President) $0 $0 $0
Terry Smith (Former Director) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$745,715
Expenses
$680,715
Net Income
$65,000
Net Assets
$5,206,180
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $739,083
99.1%
Investment Income $6,632
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 $98,580
14.5%
Professional Fundraising Fees $0
Other Salaries and Wages $114,112
16.8%
Assets/Debt
Total Assets $5,247,193
Total Liabilities $41,013
Net Assets $5,206,180
Club or Co-Op Income
Income From Members $739,083
Income From Other Sources $6,632
Compensation
Key Employees and Officers Compensation Related Other
Paul Lucas (General Manager) $98,580 $0 $0
Michael Mack (Director) $0 $0 $0
Bruce Black (Secretary/Treas) $0 $0 $0
James Olson (President) $0 $0 $0
Dan Welty (Vice President) $0 $0 $0
Tom Smith (Director) $0 $0 $0
Craig Thompson (Director) $0 $0 $0
Terry Smith (Director) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$687,949
Expenses
$607,173
Net Income
$80,776
Net Assets
$5,141,180
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $680,779
99.0%
Investment Income $7,170
1.0%
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 $90,756
14.9%
Professional Fundraising Fees $0
Other Salaries and Wages $134,371
22.1%
Assets/Debt
Total Assets $5,180,236
Total Liabilities $39,056
Net Assets $5,141,180
Club or Co-Op Income
Income From Members $680,779
Income From Other Sources $7,170

Document Links

Fiscal Year Ending Aug.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$732,053
Expenses
$641,187
Net Income
$90,866
Net Assets
$5,058,653
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $725,348
99.1%
Investment Income $6,705
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 $86,717
13.5%
Professional Fundraising Fees $0
Other Salaries and Wages $140,187
21.9%
Assets/Debt
Total Assets $5,096,086
Total Liabilities $37,433
Net Assets $5,058,653
Club or Co-Op Income
Income From Members $725,348
Income From Other Sources $8,471

Document Links

Fiscal Year Ending Aug.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$688,471
Expenses
$548,885
Net Income
$139,586
Net Assets
$4,965,521
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $680,223
98.8%
Investment Income $8,248
1.2%
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 $85,854
15.6%
Professional Fundraising Fees $0
Other Salaries and Wages $103,449
18.8%
Assets/Debt
Total Assets $5,007,720
Total Liabilities $42,199
Net Assets $4,965,521
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0

Document Links

Fiscal Year Ending Aug.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$655,234
Expenses
$580,189
Net Income
$75,045
Net Assets
$4,824,685
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $645,351
98.5%
Investment Income $9,883
1.5%
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 $85,226
14.7%
Professional Fundraising Fees $0
Other Salaries and Wages $123,440
21.3%
Assets/Debt
Total Assets $4,858,103
Total Liabilities $33,418
Net Assets $4,824,685
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0

Document Links

Fiscal Year Ending Aug.
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

Fiscal Year Ending Aug.
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

Fiscal Year Ending Aug.
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

Fiscal Year Ending Aug.
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

Fiscal Year Ending Aug.
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

Fiscal Year Ending Aug.
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

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.

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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 »

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  • Raw filing data. Includes EINs and summary financials as structured data.
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