2021-05-03T18:25:51-05:00 2020-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1200 PORTLAND OR 97205 990 2020-01-01 930208571 LAKE OSWEGO CORPORATION LAKE 5036361422 PO BOX 203 LAKE OSWEGO OR 97034 LARRY THOMPSON PRESIDENT 5036361422 2021-04-29 1 LARRY THOMPSON XXX-XX-XXXX WENDY CAMPOS P00448102 5032421447 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z LARRY THOMPSON PO BOX 203 LAKE OSWEGO OR 97034 2912834 0 X WWW.LAKECORP.COM X 1942 OR TO PROVIDE A SAFE AND CLEAN ENVIRONMENT FOR THE RESIDENTS OF LAKE OSWEGO AND PRESERVE THE NATURAL RESOURCES OF THE LAKE. 12 12 28 12 0 0 2044600 2220136 451181 665567 10330 6065 15762 21066 2521873 2912834 0 0 0 0 857170 954062 0 0 0 1499147 1696922 2356317 2650984 165556 261850 6468655 6716676 467799 453970 6000856 6262706 TO PROVIDE A SAFE AND CLEAN ENVIRONMENT FOR THE RESIDENTS OF LAKE OSWEGO AND PRESERVE THE NATURAL RESOURCES OF THE LAKE. 0 0 2231872 665567 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. 2231872 0 0 0 1 0 0 0 0 0 1 0 0 0 0 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 30 0 1 28 1 0 0 0 0 1 1 0 0 0 X 12 12 0 0 0 0 1 1 0 1 1 0 0 0 0 0 0 1 1 0 X CHRISTINA BAILEY OFFICE MANAGER 5036361422 700 MCVEY AVE LAKE OSWEGO OR 97034 X LARRY THOMPSON PRESIDENT 5.00 X X 0 0 0 JUSTIN HARNISH 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 JOHN MEDAK DIRECTOR AT LARGE 5.00 X 0 0 0 DOUG WOODCOCK DIRECTOR AT LARGE 5.00 X 0 0 0 GRANT HANSON DIRECTOR AT LARGE 5.00 X 0 0 0 JEFF EDELSON DIRECTOR AT LARGE 5.00 X 0 0 0 KATHARYN 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 STUART SMITH DIRECTOR AT LARGE 5.00 X 0 0 0 JEFF WARD GENERAL MANAGER 40.00 X 180260 0 49604 MARK ROSENKRANZ WATER RESOURCES SPECIALIST 40.00 X 108567 0 25292 288827 0 74896 1 0 1 0 STOEL RIVES 101 S CAPITOL BLVD SUITE 1900 BOISE ID 83702 LEGAL FEES 140948 1 2220136 2220136 PROPERTY TRANSFER FEES 531390 341061 341061 MARINA SERVICES 713990 240015 240015 LICENSES AND PERMITS 713990 61096 61096 POWER AND WATER SALES 221000 23395 23395 665567 6065 6065 2575 0 2575 2575 2575 MISCELLANEOUS 713990 18491 18491 18491 2912834 665567 0 27131 777954 660199 117755 17689 15920 1769 91112 82001 9111 67307 60576 6731 337148 286576 50572 23588 23588 82723 59381 23342 75182 71423 3759 43355 43355 65135 51548 13587 12592 12592 290013 232010 58003 148090 127543 20547 WATER QUALITY 240980 240980 MARINA EXPENSES 173045 173045 EQUIPMENT MAINTENANCE 83284 81487 1797 POWER GENERATION 11352 11352 110435 65239 45196 2650984 2231872 419112 0 5306 5305 702695 1144142 80380 83485 55647 72447 9385538 4017980 5574435 5367558 50192 43739 6468655 6716676 127744 162093 340055 291877 467799 453970 X 0 0 0 0 6000856 6262706 6000856 6262706 6468655 6716676 261850 0 X 1 X 0 1 0 1 0 0 1043873 1043873 1891079 279927 1611152 6450586 3738053 2712533 5367558 X 2912834 0 2912834 0 2912834 2650984 0 2650984 0 2650984 PART X, LINE 2: FIN 48 (ASC 740) FOOTNOTE - 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, 2020 AND 2019. NO INTEREST AND PENALTIES WERE ACCRUED FOR THE YEARS ENDED DECEMBER 31, 2020 AND 2019, 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 0 0 JEFF WARD GENERAL MANAGER 167760 0 12500 0 0 0 32021 0 17583 0 229864 0 0 0 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 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 15 TO DETERMINE EXECUTIVE DIRECTOR COMPENSATION AT THE TIME OF HIRE, HEAD HUNTER AND MARKET DATA WERE USED TO COME TO AN AGREEABLE PACKAGE IN 2007; THE BOARD OF DIRECTORS DETERMINES SUBSEQUENT COMPENSATION INCREASES. OTHER COMPENSATION PACKAGES ARE REVIEWED BY THE EXECUTIVE DIRECTOR 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.