Nonprofit · EIN 75-0787690
LAKE LYDIA INC
Tax-exempt · QUITMAN, TX 75783
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $153,346 | $93,936 | $59,410 | $887,590 | $0 | $887,590 |
| March 31, 2024 | 990 | $131,377 | $121,337 | $10,040 | $828,180 | $0 | $828,180 |
| March 31, 2023 | 990 | $135,259 | $108,286 | $26,973 | $818,140 | $0 | $818,140 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $140,079
- Membership dues
- $109,688
- Program service revenue
- $0
- Investment income
- $12,917
- Net gain from sales of assets
- $5,000
- Other revenue
- $350
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $29,576
- Salaries, compensation and benefits (total)
- $35,274
- Professional fundraising fees
- $0
- Legal fees
- $1,524
- Accounting fees
- $970
- Occupancy
- $30,512
- Depreciation
- $14,381
- Management and general (functional)
- $93,936
Balance sheet and other
- Total assets, start of year
- $828,180
- Total assets, end of year
- $887,590
- Total liabilities, end of year
- $0
- Net assets, end of year
- $887,590
- Land, buildings and equipment
- $591,959
- Net assets without donor restrictions
- $773,957
- Net assets with donor restrictions
- $113,633
- Gross unrelated business income
- $7,917
- Gross receipts
- $153,346
- Employees
- 1
- Volunteers
- 0
- Year formed
- 1948
- State of legal domicile
- TX
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 March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kevin Green | Secretary Officer | 40 | $27,875 |
| Vicki Fagg | President Officer | 5 | $0 |
| Tony Mook | Vice President Officer | 5 | $0 |
| Sturt Dunkle | Director - Finance Trustee or director | 5 | $0 |
| Kristie Bearden | Director - House & Grounds Trustee or director | 5 | $0 |
| Matt Wood | Director - Lake Trustee or director | 5 | $0 |
| Burt Solomon | Director - Legal Trustee or director | 5 | $0 |
990 for the year ended March 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kevin Green | Secretary/Treasurer Officer | 40 | $27,600 |
| Larry Williams | President Officer | 5 | $0 |
| Vicki Fagg | Vice President Officer | 5 | $0 |
| Andy Burnett | Director - Finance Trustee or director | 5 | $0 |
| Tony Mook | Director - House & Grounds Trustee or director | 5 | $0 |
| Vic Savalli | Director - Lake Trustee or director | 5 | $0 |
| Linda Williams | Director - Legal Trustee or director | 5 | $0 |
990 for the year ended March 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Paul Wilford | Secretary/Treasurer Officer | 40 | $22,135 | $1,271 |
| Kevin Green | Secretary/Treasurer Officer | 40 | $10,000 | $544 |
| Grady Doss | President Officer | 5 | $0 | $0 |
| Janie Stewart | Vice President Officer | 5 | $0 | $0 |
| Roy Dean | Director Trustee or director | 5 | $0 | $0 |
| Stuart Dunkle | Director Trustee or director | 5 | $0 | $0 |
| Linda Williams | Director Trustee or director | 5 | $0 | $0 |
| Julian Alexander | Director Trustee or director | 5 | $0 | $0 |
| Bob Weaver | Director Trustee or director | 5 | $0 | $0 |
| Larry Williams | Director Trustee or director | 5 | $0 | $0 |
| Andy Burnett | Director Trustee or director | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1336 COUNTY ROAD 3230, QUITMAN, TX 75783-5458
- Principal officer (990 for 2024)
- Vicki Fagg, 1336 CR 3230, Quitman, TX 75783
- Signed the 990
- Vicki Fagg, President
- Phone
- (903) 967-2003
- Return prepared by
- Lori A Kindle PC
Mission
Manage private lake for all members. Maintain and serve to the benefit of all organization members.
Program accomplishments
- N/A
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 March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 75-0787690
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1950
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $887,590
- Income (IRS master file)
- $153,346
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $153,346 | $93,936 | $887,590 | XML |
| 990 | March 2024 | $131,377 | $121,337 | $828,180 | XML |
| 990 | March 2023 | $135,259 | $108,286 | $818,140 | XML |
| 990 | March 2022 | – | – | – | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990 | March 2020 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | 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 75-0787690).
Questions about LAKE LYDIA INC
- What is the EIN of LAKE LYDIA INC?
- The employer identification number (EIN) of LAKE LYDIA INC is 75-0787690.
- Is LAKE LYDIA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1950.
- Are donations to LAKE LYDIA INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LAKE LYDIA INC 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 LYDIA INC due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAKE LYDIA INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of LAKE LYDIA INC?
- The 990 for the year ended March 31, 2025 names Vicki Fagg.
- Who are the officers and directors of LAKE LYDIA INC?
- The 990 for the year ended March 31, 2025 lists 7 people; 1 received compensation from the organization, the highest $27,875 (Kevin Green, Secretary).
- How much revenue does LAKE LYDIA INC have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $153,346, expenses of $93,936 and total assets of $887,590 at year end.
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