2025-05-05T15:57:04-05:00 2024-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1400 PORTLAND OR 97205 990 2024-01-01 930208571 LAKE OSWEGO CORPORATION LAKE 5036361422 PO BOX 203 LAKE OSWEGO OR 97034 JUSTIN HARNISH PRESIDENT 5036361422 2025-05-02 1 1 WENDY CAMPOS P00448102 5032421447 2024 2025-03-06 01:10:19Z JUSTIN HARNISH PO BOX 203 LAKE OSWEGO OR 97034 3425730 0 X WWW.LAKECORP.COM X 1942 OR SEE SCHEDULE O TO PROVIDE A SAFE AND CLEAN ENVIRONMENT FOR THE RESIDENTS OF LAKE OSWEGO AND PRESERVE THE NATURAL RESOURCES OF THE LAKE. 12 12 33 12 0 0 2977386 0 506899 3279319 25808 103027 35946 43384 3546039 3425730 0 0 0 0 1114606 1050074 0 0 0 1650557 2188323 2765163 3238397 780876 187333 7388423 7661681 298631 339937 7089792 7321744 TO PROVIDE A SAFE AND CLEAN ENVIRONMENT FOR THE RESIDENTS OF LAKE OSWEGO AND PRESERVE THE NATURAL RESOURCES OF THE LAKE. 0 0 2739647 0 3279319 EXPENDITURES FOR LAKE PATROL, WATER QUALITY MANAGEMENT AND POWER GENERATION ALLOW THE CORPORATION TO MAINTAIN SAFETY ENFORCEMENT, CLEAN WATER AND PRESERVATION OF THE NATURAL RESOURCES AND WILDLIFE FOR RESIDENTS. 2739647 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 28 0 1 33 1 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 0 0 1 1 0 X CHRISTINA BAILEY OFFICE MANAGER 5036361422 700 MCVEY AVE LAKE OSWEGO OR 97034 JUSTIN HARNISH PRESIDENT 5.00 X X 0 0 0 DOUG WOODCOCK VICE PRESIDENT 5.00 X X 0 0 0 RICK JOHNSON TREASURER 5.00 X X 0 0 0 AMY GADDIS SECRETARY 5.00 X X 0 0 0 JEFF EDELSON DIRECTOR AT LARGE 5.00 X 0 0 0 GRANT HANSON DIRECTOR AT LARGE 5.00 X 0 0 0 TIM KERR DIRECTOR AT LARGE 5.00 X 0 0 0 JOHN MEDAK DIRECTOR AT LARGE 5.00 X 0 0 0 KATHARYN THOMPSON DIRECTOR AT LARGE 5.00 X 0 0 0 LARRY THOMPSON DIRECTOR AT LARGE 5.00 X 0 0 0 KATY BROWN TROFTGRUBEN DIRECTOR AT LARGE 5.00 X 0 0 0 SCOTT WITTENBERG DIRECTOR AT LARGE 5.00 X 0 0 0 JEFF WARD GENERAL MANAGER 40.00 X 217366 0 15996 CHRISTINA BAILEY OFFICE MANAGER 40.00 X 119105 0 13118 GABRIEL WINFREY OPERATIONS MANAGER 40.00 X 105244 0 12816 441715 0 41930 3 0 1 0 LAND SHORE WATER LEGAL SERVICES LLC 4110 SE HAWTHORNE BLVD PMB 404 PORTLAND OR 97214 LEGAL FEES 383267 STOEL RIVES LLP 101 S CAPITOL BLVD SUITE 1900 BOISE ID 83702 LEGAL FEES 109900 2 MEMBERSHIP FEES 713990 2818163 2818163 PROPERTY TRANSFER FEES 531390 213739 213739 MARINA SERVICES 713990 199659 199659 LICENSES AND PERMITS 713990 36072 36072 POWER AND WATER SALES 221000 11686 11686 3279319 103027 103027 20550 15713 0 0 20550 15713 36263 36263 MISCELLANEOUS 713990 7121 7121 7121 3425730 3279319 0 146411 233361 197983 35378 629835 534350 95485 19558 17602 1956 88342 79508 8834 78978 71080 7898 494386 413504 80882 26985 26985 43200 30240 12960 51536 36873 14663 131977 125378 6599 59173 59173 75446 60127 15319 805 805 210959 168767 42192 226487 192420 34067 WATER QUALITY 260370 260370 MARINA EXPENSES 185558 185558 EQUIPMENT MAINTENANCE 84814 82959 1855 POWER GENERATION 55525 55525 281102 226598 54504 3238397 2739647 498750 0 5305 105008 369866 332156 24586 45368 138127 4000 9579474 4727168 5001694 4852306 1825851 2145518 22994 177325 7388423 7661681 275637 162609 22994 15589 0 161739 298631 339937 X 0 0 0 0 7089792 7321744 7089792 7321744 7388423 7661681 187333 44619 0 X 0 1 X 1 0 1 0 0 1043873 1043873 1945559 479605 1465954 6590042 4247563 2342479 4852306 DEFERRED COMPENSATION 161739 161739 X 3470349 44619 44619 3425730 0 3425730 3238397 0 3238397 0 3238397 PART X, LINE 2: FIN 48 (ASC 740) FOOTNOTE - THE CORPORATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(C)(4) EXCEPT TO THE EXTENT OF UNRELATED BUSINESS TAXABLE INCOME AS DEFINED UNDER IRC SECTIONS 511 THROUGH 515. THE CORPORATION RECOGNIZES THE TAX BENEFIT FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY THE TAX AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT IS MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE CORPORATION RECOGNIZES INTEREST AND PENALTIES RELATED TO INCOME TAX MATTERS, IF ANY, IN OTHER EXPENSES. THE CORPORATION HAD NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2024 AND 2023. NO INTEREST AND PENALTIES WERE ACCRUED FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023, AND THERE WERE NO MATERIAL UNCERTAIN TAX POSITIONS. THE CORPORATION FILES AN EXEMPT ORGANIZATION RETURN IN THE U.S. FEDERAL JURISDICTION. X X 0 0 0 0 0 0 0 1 0 JEFF WARD GENERAL MANAGER 185764 0 15000 0 16602 0 5573 0 10423 0 233362 0 0 0 PART I, LINE 7 BONUSES ARE DETERMINED AT BOARD DISCRETION. FORM 990, PART VI, SECTION A, LINE 6 SHAREHOLDERS ARE INDIVIDUALS OR OTHER ENTITIES WHO OWN LAKE OSWEGO LAKE FRONT PROPERTY. ONE SHARE OF STOCK IS ISSUED FOR EACH TEN FEET OF LAKE FRONTAGE OR MAJOR FRACTION THEREOF. FORM 990, PART VI, SECTION A, LINE 7A EACH OUTSTANDING SHARE IS ENTITLED TO ONE VOTE ON EACH MATTER SUBMITTED TO A VOTE AT A MEETING OF THE SHAREHOLDERS, INCLUDING BOARD ELECTIONS. FORM 990, PART VI, SECTION A, LINE 7B AMENDMENTS TO THE BYLAWS REQUIRE SHAREHOLDER APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE LAKE MANAGER AND OFFICE MANAGER FOR REASONABLENESS AND COMPLETENESS BEFORE FILING. THE BOARD PRESIDENT REVIEWS FORM 990 AT THE TIME OF SIGNING. FORM 990, PART VI, SECTION B, LINE 12C LAKE OSWEGO CORPORATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES THE CONFLICT-OF-INTEREST POLICY. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF CONFLICT. ANY BOARD MEMBER WITH A CONFLICT IS NOT ALLOWED TO VOTE ON THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 TO DETERMINE GENERAL MANAGER COMPENSATION AT THE TIME OF HIRE, HEAD HUNTER AND MARKET DATA WERE USED TO COME TO AN AGREEABLE PACKAGE IN 2007; SUBSEQUENT COMPENSATION INCREASES ARE BASED ON A 3% COST OF LIVING INCREASE. OTHER COMPENSATION PACKAGES ARE REVIEWED BY THE GENERAL MANAGER USING MARKET DATA. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO SHAREHOLDERS ONLY UPON REQUEST FOR REVIEW AT THE ORGANIZATION'S FACILITY.