2026-07-13T18:33:42-07:00 2025-08-31 990 2024-09-01 910829530 SEVEN LAKES WATER ASSOC SEVE 3606528192 17505 W Lake Goodwin Rd Stanwood WA 98292 Leslie Magnuson Vice President 9167680271 2026-07-14 1 2024 2025-03-06 01:10:19Z Keith Kruger same as C above same as C above WA 98292 1266537 0 X https://www.7lakeswater.com/ X 1967 WA To Provide water to Rural Areas 7 0 4 7 0 0 0 0 1116792 1221182 49177 45355 0 0 1165969 1266537 0 0 0 0 446702 485326 0 0 0 663717 628197 1110419 1113523 55550 153014 7470710 7635417 107769 119462 7362941 7515955 Our dedicated team delivers safe, clean drinking water at a reasonable price to the homes and businesses of our members. 0 0 918246 The Association provides water and related services to approximately 2,300 members. 0 0 0 918246 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 5 0 1 4 1 0 0 0 0 0 1221182 45355 0 0 0 X 7 0 0 0 0 0 1 1 0 1 1 0 0 1 0 0 0 1 0 0 WA X Seven Lakes Water Association Inc 3606528192 17505 W Lake Goodwin Rd Stanwood WA 98292 Keith Krueger President 5 0 X X 0 0 0 Leslie Magnuson Vice President 5 0 X X 0 0 0 Laura Leuze Treasurer 5 0 X X 0 0 0 JULIE DAVID Secretary 5 0 X X 0 0 0 Mike Haney Trustee 5 0 X 0 0 0 Eric Starup Trustee 5 0 X 0 0 0 CHARLIE COX Trustee 5 0 X 0 0 0 0 0 0 0 0 0 0 0 0 Water Sales 221300 960645 960645 0 0 Membership Dues & Assessments 221300 201007 201007 0 0 Late, Deliquent, & Shut-off fees 221300 15093 15093 0 0 Miscellaneous 221300 44437 44437 0 0 0 0 0 0 1221182 45355 0 0 45355 0 0 0 0 0 0 0 0 0 0 0 0 0 1266537 1221182 0 45355 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 389129 287955 101174 0 8153 6033 2120 0 40017 29613 10404 0 48027 35540 12487 0 0 0 0 0 0 0 0 0 13000 9620 3380 0 0 0 0 0 0 0 0 0 0 0 46369 34313 12056 0 0 0 0 0 13332 9866 3466 0 30793 22787 8006 0 0 0 0 0 0 0 0 0 6688 6420 268 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 219973 212275 7698 0 78895 71006 7889 0 Engineer & inspection fees 2663 2663 0 0 Maintenance supplies & Services 96747 96747 0 0 Power & Lights 41490 39416 2074 0 Printing 3669 2715 954 0 74578 51277 23301 0 1113523 918246 195277 0 72676 209041 2027131 2128867 0 0 201072 271522 0 0 0 62284 18022 67004 65136 9758032 4901010 4899434 4857022 0 0 0 4152 2473 136957 83334 7470710 7635417 69844 72446 9332 18436 28593 28580 107769 119462 X 574500 574500 0 0 6788441 6941455 7362941 7515955 7470710 7635417 153014 X 0 1 X 0 0 0 123811 123811 0 293955 205211 88744 0 109051 36088 72963 0 9100622 4596200 4504422 0 130593 63511 67082 4857022 0 Service Connection Deposits 12610 Well Lease Less Current portion 15970 28580 X Schedule D, Part X, Line 2 Schedule D, Part IX - CONSTRUCTION IN PROGRESS $83,334 - LONG TERM INVESTMENTS $ 10,800 - TOTAL $94,134 Schedule D, Part X, Line 2 - THE ASSOCIATION IS EXEMPT 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 THESE FINANCIAL STATEMENTS. THE ASSOCIATION'S FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, FOR THE YEARS 2021,2022, AND 2023 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. Form 990, Part VI, Section A, Line 6 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 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 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 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 Form 990, Part VI, Section C, Line 19 - UPON REQUEST an extention was filed