Form 990-EZ for tax year 2024
Filed by LAKE LUCERNE MUTUAL WATER COMPANY INC.
Totals
- Total revenue
- $96,016
- Total expenses
- $109,911
- Contributions and grants received
- $95,843
- Grants paid
- not reported
- Program service revenue
- not reported
- Membership dues (line 3)
- not reported
- Investment income (line 4)
- not reported
- Gain or loss on sale of assets (line 5c)
- not reported
- Gaming and fundraising events, net (line 6d)
- not reported
- Gross profit on inventory sales (line 7c)
- not reported
- Other revenue (line 8)
- $173
- Total assets, end of year
- $189,808
- Total liabilities, end of year
- $37,026
- Net assets or fund balances, end of year
- $152,782
- Program service expenses (Part III)
- $74,450
Program services were 67.7% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.
Mission and programs · 2024
Primary exempt purpose
THE EXEMPT PURPOSE OF THE COMPANY IS TO DEVELOP, DISTRIBUTE, SUPPLY AND DELIVER WATER FOR IRRIGATION USE ONLY TO ITS SHAREHOLDERS AT COST.
-
THE LAKE LUCERNE MUTUAL WATER COMPANY EXISTS SOLELY TO PROVIDE WATER FOR IRRIGATION TO ITS SHAREHOLDERS. THE WATER COMPANY HAS 1,000 OUTSTANDING SHARES DISTRIBUTED AMONG 19 SHAREHOLDERS.
Expenses $74,450
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part IV
-
DANIEL OLSTEIN
PRESIDENT AND CEO
- Total calculated
- $0
- Hours/week
- 1
-
MARK STEVENS
VICE PRESIDENT, CFO, TREAS
- Total calculated
- $0
- Hours/week
- 1
-
LAURA O'LEARY
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990_ez
- Tax year
- 2024
- Filed
- 24 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503289349200640
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