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Nonprofit · EIN 56-1666020

LAKE NORMAN HOMEBUILDERS ASSOCIATION

Tax-exempt · MOORESVILLE, NC 28117

Financials

$183K$179K2023
Revenue Expenses · by fiscal year end
Financials of LAKE NORMAN HOMEBUILDERS ASSOCIATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990$182,568$178,834$3,734$140,957$22,246$118,711
Financial details: 990 for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$151,479
Membership dues
$135,004
Program service revenue
$0
Investment income
$0
Net income from fundraising events
$31,089
Other revenue
$31,089

Expenses

Grants and similar amounts paid
$5,130
Compensation of officers, directors and key employees
$61,595
Salaries, compensation and benefits (total)
$69,381
Professional fundraising fees
$0
Occupancy
$4,624
Depreciation
$550
Program services (functional)
$131,170
Management and general (functional)
$47,664

Balance sheet and other

Total assets, start of year
$129,514
Total assets, end of year
$140,957
Total liabilities, end of year
$22,246
Net assets, end of year
$118,711
Land, buildings and equipment
$299
Gross receipts
$222,574
Employees
1
Year formed
1991
State of legal domicile
NC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2023, highest compensation first.

NameTitleHours / weekCompensation
BETH WHITEEXCEUTIVE DIRECTOR
Officer, Highest-paid employee
40$61,595
SEAN GALLAGHERPRESIDENT
Officer
1$0
JOSH BURGERASSOC VICE PRESIDENT
Officer
1$0
SCOTT NEEDHAMDIRECTOR
Trustee or director
1$0
SAM MERITTVICE PRESIDENT
Officer
1$0
ALMA JACOBSSECRETARY
Officer
1$0
LKN HOME BUILDERSDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
PO BOX 5166, MOORESVILLE, NC 28117-5166
Principal officer (990 for 2023)
SEAN GALLAGHER, 181 W STATESVILLE AVE, Mooresville, NC 28115
Signed the 990
SEAN GALLAGHER, PRESIDENT
Phone
(704) 664-5622
Return prepared by
HRB TAX GROUP INC

Mission

SUPPORT AREA HOME BUILDERS

990 for the year ended December 31, 2023

Program accomplishments

  • SUPPORT AREA HOME BUILDERS
    Expenses $40,006 · revenue $71,095

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025Not on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
56-1666020
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1992
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$140,957
Income (IRS master file)
$222,574

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2023$182,568$178,834$140,957XML
990December 2022$157,105$155,794$129,514IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-1666020).

Questions about LAKE NORMAN HOMEBUILDERS ASSOCIATION

What is the EIN of LAKE NORMAN HOMEBUILDERS ASSOCIATION?
The employer identification number (EIN) of LAKE NORMAN HOMEBUILDERS ASSOCIATION is 56-1666020.
Is LAKE NORMAN HOMEBUILDERS ASSOCIATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1992.
Are donations to LAKE NORMAN HOMEBUILDERS ASSOCIATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does LAKE NORMAN HOMEBUILDERS ASSOCIATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of LAKE NORMAN HOMEBUILDERS ASSOCIATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LAKE NORMAN HOMEBUILDERS ASSOCIATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2023.
Who is the principal officer of LAKE NORMAN HOMEBUILDERS ASSOCIATION?
The 990 for the year ended December 31, 2023 names SEAN GALLAGHER.
Who are the officers and directors of LAKE NORMAN HOMEBUILDERS ASSOCIATION?
The 990 for the year ended December 31, 2023 lists 7 people; 1 received compensation from the organization, the highest $61,595 (BETH WHITE, EXCEUTIVE DIRECTOR).
How much revenue does LAKE NORMAN HOMEBUILDERS ASSOCIATION have?
On its 990 for the year ended December 31, 2023 it reported revenue of $182,568, expenses of $178,834 and total assets of $140,957 at year end.

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