2011-05-16T16:36:08-05:00 2010-12-31 MOSS ADAMS LLP 805 SW BROADWAY 1200 PORTLAND OR 97205 990 2010-01-01 930208571 LAKE OSWEGO CORPORATION LAKE 5036361422 PO BOX 203 LAKE OSWEGO OR 97034 TODD VAN RYSSELBERGHE 5036361422 2011-05-12 1 WENDY CAMPOS 5032421447 2010 2016-02-24 21:20:13Z TODD VAN RYSSELBERGHE PO BOX 203 LAKE OSWEGO OR 97034 2582960 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 27 12 0 0 1856165 1854205 285562 697927 17896 12606 18850 17456 2178473 2582194 0 0 0 0 640906 614750 0 0 0 1248960 2115396 1889866 2730146 288607 -147952 4076398 4122187 799598 993339 3276800 3128848 TO PROVIDE A SAFE AND CLEAN ENVIRONMENT FOR THE RESIDENTS OF LAKE OSWEGO AND PRESERVE THE NATURAL RESOURCES OF THE LAKE. 0 0 2552043 697927 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. 2552043 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 0 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 0 1 20 0 1 27 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 YOCUM BOOKKEEPER 5036361422 700 MCVEY AVE LAKE OSWEGO OR 97034 X TODD VAN RYSSELBERGHE 5.00 X X 0 0 0 RON FOWLER 5.00 X X 0 0 0 JOHN STIREK 5.00 X X 0 0 0 PHIL ROBINSON 5.00 X X 0 0 0 TOM BRADEN 5.00 X 0 0 0 JAY HAMACHEK 5.00 X 0 0 0 SKIP O'NEILL 5.00 X 0 0 0 MATT REID 5.00 X 0 0 0 DOUG THOMAS 5.00 X 0 0 0 ELAINE LORD 5.00 X 0 0 0 TODD HENNELLY 5.00 X 0 0 0 MATT LEVIN 5.00 X 0 0 0 JEFF WARD 40.00 X 158960 0 16200 158960 0 16200 1 0 1 0 0 1854205 1854205 GOVERNMENT CONTRACT 900099 422327 422327 MARINA SERVICES 713990 120949 120949 PROPERTY TRANSFER FEES 531390 110000 110000 POWER GENERATION 221000 30996 30996 LICENSES AND PERMITS 713990 13655 13655 697927 13372 13372 1100 1100 1100 1100 766 -766 -766 -766 MISCELLANEOUS 713990 16356 16356 16356 2582194 697927 0 30062 518268 440528 77740 10245 8708 1537 39881 33899 5982 46356 39403 6953 143149 143149 18950 18950 10000 10000 21049 21049 40347 40347 38946 38946 30688 23016 7672 29517 29517 210900 210900 119208 93257 25951 LAKE DREDGING 1128396 1128396 WATER QUALITY 136743 136743 MARINA EXPENSES 129414 129414 EQUIPMENT MAINTENANCE 38525 37635 890 POWER GENERATION 27814 27814 -8250 -1732 -6518 2730146 2552043 178103 0 217386 5310 187518 67627 107876 418 120 5896968 1987370 3499592 3909598 103857 99283 4076398 4122187 243 88686 799355 698339 0 206314 799598 993339 X 0 0 0 0 3276800 3128848 3276800 3128848 4076398 4122187 -147952 X 1 0 1 X 0 1 0 0 943341 943341 469358 270122 199236 4484269 1717248 2767021 3909598 LINE OF CREDIT 206314 206314 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, 2010 BEGINNING BALANCE OF RETAINED EARNINGS (YEAR OF ADOPTION) AND HAD NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2010. NO INTEREST AND PENALTIES HAVE BEEN ACCRUED FOR THE YEAR ENDED DECEMBER 31, 2010. 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 2007 FOR ITS FEDERAL FILINGS. X X 0 0 0 0 0 0 0 0 0 JEFF WARD 133960 0 25000 0 0 0 4050 0 12150 0 175160 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 11 FORM 990 IS REVIEWED BY THE LAKE MANAGER AND BOOKKEEPER 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.