2025-06-18T12:25:14-07:00 2024-08-31 990 2023-09-01 910829530 SEVEN LAKES WATER ASSOC SEVE 3606528192 17505 W Lake Goodwin Rd Stanwood WA 98292 Laura Leuze Treasurer 4253506290 2025-06-25 1 2023 2025-03-06 01:10:19Z Seven Lakes Water Association Inc 17505 W Lake Goodwin Rd Stanwood WA 98292 1165969 0 X https://www.7lakeswater.com/ X 1967 WA To Provide water to Rural Areas 7 0 4 7 0 0 0 0 1140453 1116792 13678 49177 2438 0 1156569 1165969 0 0 0 0 411081 446702 0 0 0 562238 663717 973319 1110419 183250 55550 7382113 7470710 74722 107769 7307391 7362941 Our dedicated team delivers safe, clean drinking water at a reasonable price to the homes and businesses of our members. 0 0 862578 0 The Association provides water and related services to approximately 2,300 members. 0 0 0 862578 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 1 4 1 0 0 0 0 0 1116792 49177 0 0 0 X 7 0 0 0 0 0 1 1 0 1 1 0 0 1 0 0 0 1 0 0 X Seven Lakes Water Association Inc 3606528192 17505 W Lake Goodwin Rd Stanwood WA 98292 X Keith Krueger President 0.25 X X 0 0 0 Leslie Magnuson Vice President 0.25 X X 0 0 0 Laura Leuze Treasurer 0.25 X X 0 0 0 JULIE DAVID Secretary 0.25 X X 0 0 0 Mike Haney Trustee 0.25 X 0 0 0 Eric Starup Trustee 0.25 X 0 0 0 CHARLIE COX Trustee 0.25 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 WATER SALES 221300 981280 981280 0 0 MEMBERSHIP DUES & ASSESSMENTS 221300 110717 110717 0 0 LATE, DELIQUENT AND SHUT-OFF FEES 221300 20483 20483 0 0 MISCELLANEOUS 221300 4312 4312 0 0 0 0 0 0 1116792 49177 0 0 49177 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1165969 1116792 0 49177 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 359949 266362 93587 0 12813 9482 3331 0 29263 21655 7608 0 44677 33061 11616 0 0 0 0 0 16030 13195 2835 0 32225 22514 9711 0 0 0 0 0 0 0 0 0 0 0 21158 15657 5501 0 0 0 0 0 18277 13525 4752 0 56840 42062 14778 0 0 0 0 0 0 0 0 6420 6420 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 340328 251843 88485 0 29824 26842 2982 0 ENGINEERING AND INSPECTION FEES 3020 3020 0 0 MAINTENANCE SUPPLIES AND SERVICES 51510 51510 0 0 POWER AND LIGHTS 32580 32580 0 0 PRINTING SERVICES 5688 4209 1479 0 49817 48641 1176 0 1110419 862578 247841 0 332453 72676 1647510 2027131 0 0 173017 201072 0 0 0 0 0 0 0 62284 32384 67004 9632730 4733296 5009948 4899434 0 0 0 0 0 0 0 4152 186801 136957 7382113 7470710 56885 69844 0 0 9332 0 0 0 0 0 17837 28593 74722 107769 X 574500 574500 0 0 6732891 6788441 7307391 7362941 7382113 7470710 55550 0 0 0 0 0 X 0 1 X 0 0 0 123811 123811 0 293955 199187 94768 0 109051 33768 75283 0 9033690 4447057 4586633 0 72223 53284 18939 4899434 0 SERVICE CONNECTION DEPOSITS 12610 WELL LEASE LESS CURRENT PORTION 15983 28593 X Schedule D, Part IX CONSTRUCTION IN PROGRESS $76,840 - LONG TERM INVESTMENTS $ 10,154 - OPERATING WELL LEASE ROU $49,963 - TOTAL $ 136,957 Schedule D, Part X, Line 2 THE ASSOCIATION IS EXCEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501 (C) (12) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION. AN ORGANIZATION DESCRIBED IN SECTION 501 (C) (12) MUST RECEIVE AT LEAST 85% OF ITS INCOME FROM AMOUNTS COLLECTED FROM MEMBERS FOR THE SOLE PURPOSE OF MEETING CURRENT AND FUTURE LOSSES AND EXPENSES. ACCORDINGLY, NO PROVISIONS FOR INCOME TAX IS REFLECTED IN THSES FINANCIAL STATEMENTS. THE ASSOCIATION'S FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, FOR THE YEARS 2020,2021, AND 2022 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. Form 990, Part VI, Section A, Line 6 CHARTER MEMBERS ARE THOSE LANDOWNERS, PURCHASERS OF LAND, INCLUDING REAL ESTATE, WHO HAVE REASONABLE ACCESSIBILITY TO THE SOURCE OF LAND WHO ARE IN NEED OF WATER SUPPLIED FOR DOMESTIC, INDUSTRIAL OR COMMERCIAL PURPOSES SUBSEQUENT MEMBERS ARE THOSE WHO HAVE OR SHALL HAVE BECOME MEMBERS AFTER THE LAST CHARTER MEMBER AND SUBSEQUENT MEMBER SHALL BECOME OR HAVE BECOME BONAFIDE LANDOWNERS OR PURCHASERS OF LAND. INCLUDING IMPROVED REAL ESTATE AND WHO SHALL HAVE REASONABLE ACCESS TO THE SOURCE OF AND ARE IN NEED OF WATER SUPPLIED FOR DOMESTIC, INDUSTRIAL, OR COMMERCIAL PURPOSES. Form 990, Part VI, Section A, Line 7a AT EACH ANNUAL MEETING, THE MEMBERS SHALL ELECT FOR A TERM OF THREE (3) YEARS, THE NUMBER OF TRUSTEES WHOSE TERMS OF OFFICE HAVE EXPIRED. THE BOARD OF TRUSTEES SHALL MEET WITHIN TEN (10) DAYS AFTER THE ANNUAL MEETING AND ELECT A PRESIDENT, VICE PRESIDENT, SECRETARY, AND TREASURER. Form 990, Part VI, Section B, Line 11b DURING THE BOARD MEETING THAT FOLLOWS THE COMPLETION OF THE FORM 990, THE BOARD REVIEWS THE TAX RETURN AND AFTERWARDS IF NO ISSUES ARE NOTED, THE RETURN IS SIGNED. Form 990, Part VI, Section B, Line 15 15a - THE BOARD ANNUALLY REVIEWS THE TWO (2) MANAGERS' SALARIES AND APPROVES INCREASES Form 990, Part VI, Section C, Line 19 UPON REQUEST WE GOT AN EXTENTION SO WE ARE NOT LATE. WE GOT THE EXTENTION SO WE CAN FILE AFTER THE AUDIT WAS FINISHED