2012-05-15T13:54:27-05:00 2011-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY 1200 PORTLAND OR 97205 990 2011-01-01 930208571 LAKE OSWEGO CORPORATION LAKE 5036361422 PO BOX 203 LAKE OSWEGO OR 97034 DOUG THOMAS 5036361422 2012-05-14 1 WENDY CAMPOS P00448102 5032421447 2011 2016-02-24 21:20:13Z DOUG THOMAS PO BOX 203 LAKE OSWEGO OR 97034 3186451 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 31 12 0 0 1854205 2244648 697927 888342 12606 -29799 17456 26892 2582194 3130083 0 0 0 0 614750 629071 0 0 0 2115396 1300395 2730146 1929466 -147952 1200617 4122187 4928067 993339 665386 3128848 4262681 TO PROVIDE A SAFE AND CLEAN ENVIRONMENT FOR THE RESIDENTS OF LAKE OSWEGO AND PRESERVE THE NATURAL RESOURCES OF THE LAKE. 0 0 1669696 888342 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. 1669696 0 0 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 30 0 1 31 1 0 0 0 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 STAUFFER OFFICE MANAGER 5036361422 700 MCVEY AVE LAKE OSWEGO OR 97034 X DOUG THOMAS 5.00 X X 0 0 0 RON FOWLER 5.00 X X 0 0 0 PHIL ROBINSON 5.00 X X 0 0 0 JOHN STIREK 5.00 X X 0 0 0 JAY HAMACHEK 5.00 X 0 0 0 ELAINE LORD 5.00 X 0 0 0 SKIP O'NEILL 5.00 X 0 0 0 MATT LEVIN 5.00 X 0 0 0 MATT REID 5.00 X 0 0 0 TODD HENNELLY 5.00 X 0 0 0 TODD VAN RYSSELBERGHE 5.00 X 0 0 0 TOM BRADEN 5.00 X 0 0 0 JEFF WARD 40.00 X 125460 0 15334 125460 0 15334 1 0 0 0 ADVANCED AMERICAN CONSTRUCTION INC PO BOX 83599 PORTLAND OR 97283 DAM MODIFICATION WORK 340064 STOEL RIVES LLP 900 SW 5TH AVE 2300 PORTLAND OR 97204 LEGAL SERVICES 235045 2 2244648 2244648 GOVERNMENT CONTRACT 900099 535376 535376 MARINA SERVICES 713990 188995 188995 PROPERTY TRANSFER FEES 531390 140000 140000 LICENSES AND PERMITS 713990 14745 14745 POWER GENERATION 221000 9226 9226 888342 10369 10369 750 750 750 750 16200 56368 -40168 -40168 -40168 MISCELLANEOUS 713990 26142 26142 26142 3130083 888342 0 -2907 527536 448406 79130 10596 9007 1589 37005 31454 5551 53934 45844 8090 235045 235045 18000 18000 29858 29858 35467 35467 35709 35709 34869 26152 8717 29020 29020 220990 220990 19988 6125 13863 MARINA EXPENSES 186152 186152 LAKE DREDGING 143059 143059 WATER QUALITY 124418 124418 EQUIPMENT MAINTENANCE 49812 47016 2796 138008 51683 86325 1929466 1669696 259770 0 5310 5312 127672 107876 174153 120 83778 6477325 2034721 3909598 4442604 99283 94548 4122187 4928067 88686 910 698339 664476 206314 0 993339 665386 X 0 0 0 0 3128848 4262681 3128848 4262681 4122187 4928067 X 1200617 -66784 X 1 0 1 X 0 1 0 0 943341 943341 479866 288840 191026 5054118 1745881 3308237 4442604 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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 IN OPERATING EXPENSES. THE CORPORATION HAD NO UNRECOGNIZED TAX BENEFIT THAT REQUIRED AN ADJUSTMENT TO THE JANUARY 1, 2009 BEGINNING BALANCE OF RETAINED EARNINGS (YEAR OF ADOPTION) AND HAD NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2011. NO INTEREST AND PENALTIES HAVE BEEN ACCRUED FOR THE YEAR ENDED DECEMBER 31, 2011. THE CORPORATION FILES AN EXEMPT ORGANIZATION RETURN IN THE U.S. FEDERAL JURISDICTION AND IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY TAXING AUTHORITIES FOR THE YEARS BEFORE 2008 FOR ITS FEDERAL FILINGS. 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 11 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, A HEAD HUNTER AND MARKET DATA ARE USED TO COME TO AN AGREEABLE PACKAGE; 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: PRIOR PERIOD ADJUSTMENT -66,784. TOTAL TO FORM 990, PART XI, LINE 5: -66,784.