2026-04-22T10:26:48-05:00 2025-12-31 930623286 ALDRICH CPAS AND ADVISORS LLP 1903 WRIGHT PLACE 180 CARLSBAD CA 92008 990 2025-01-01 930208571 LAKE OSWEGO CORPORATION LAKE 5036361422 PO BOX 203 LAKE OSWEGO OR 97034 JUSTIN HARNISH PRESIDENT 5036361422 2026-04-16 1 DEBRA D SMITH CPA P00646873 7604318440 2026-04-16 2025 2025-03-06 01:10:19Z JUSTIN HARNISH PO BOX 203 LAKE OSWEGO OR 97034 3298819 0 X WWW.LAKECORP.COM X 1942 OR PROVIDE A SAFE, CLEAN ENVIRONMENT FOR RESIDENTS AND PRESERVE THE LAKE'S RESOURCES. 12 12 32 12 0 0 0 0 3279319 3146114 103027 128026 43384 13936 3425730 3288076 0 0 0 0 1050074 1155471 0 0 0 2188323 1765604 3238397 2921075 187333 367001 7661681 8043688 339937 354943 7321744 7688745 X TO PROVIDE A SAFE AND CLEAN ENVIRONMENT FOR THE RESIDENTS OF LAKE OSWEGO AND PRESERVE THE NATURAL RESOURCES OF THE LAKE. 0 0 2403590 3146114 THE LAKE OSWEGO CORPORATION (LOC) PROVIDES STEWARDSHIP, SAFETY OVERSIGHT, AND ENVIRONMENTAL MANAGEMENT SERVICES FOR 698 LAKEFRONT PROPERTIES AND APPROXIMATELY 3,500 EASEMENT-ELIGIBLE PROPERTIES. TO SERVE THIS COMMUNITY, THE CORPORATION DELIVERS YEAR-ROUND OPERATIONAL AND EVIRONMENTAL SERVICES INCLUDING:-LAKE PATROL & SAFETY ENFORCEMENT: ROUTINE DAILY PATROL COVERAGE DURING PEAK SEASON AND SCHEDULED OFF-SEASON MONITORING TO ENSURE BOATING SAFETY, RULE COMPLIANCE, EMERGENCY RESPONSE READINESS, AND PROTECTION OF LIFE AND PROPERTY. THIS INCLUDES HUNDREDS OF PATROL HOURS ANNUALLY, SAFETY INSPECTIONS, INCIDENT RESPONSE, AND MEMBER ASSISTANCE.-WATER QUALITY MANAGEMENT: ONGOING TESTING, MONITORING, AND TREATMENT OF LAKE WATER TO MAINTAIN SAFE RECREATIONAL CONDITIONS AND ECOLOGICAL BALANCE. SERVICES INCLUDE REGULAR SAMPLING, LABORATORY ANALYSIS, ALGAE AND INVASIVE SPECIES CONTROL, AERATION, AND COORDINATED ENVIRONMENTAL MANAGEMENT PRACTICES TO PROTECT WATER CLARITY AND PUBLIC HEALTH.-POWER GENERATION OPERATIONS: MANAGEMENT AND MAINTENANCE OF HYDROELECTRIC AND RELATED INFRASTRUCTURE THAT SUPPORTS LAKE LEVEL REGULATION AND CONTRIBUTES TO RELIABLE, EFFICIENT OPERATIONS. ADMINISTRATIVE & MEMBER SERVICES: OVERSIGHT OF EASEMENTS, REGISTRATIONS, COMPLIANCE, AND COMMUNICATIONS SERVING THOUSANDS OF HOUSEHOLDS, INCLUDING PROCESSING PERMITS, MAINTAINING RECORDS, AND RESPONDING TO MEMBER INQUIRIES.THROUGH THESE COMBINED EFFORTS, THE LOC CONDUCTS THOUSANDS OF SERVICE HOURS ANNUALLY TO MAINTAIN SAFE RECREATION, CLEAN WATER, ENVIRONMENTAL SUSTAINABILITY, AND RELIABLE INFRASTRUCTURE, ENSURING THAT OSWEGO LAKE REMAINS A PROTECTED AND VALUABLE RESOURCE. 2403590 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 32 0 32 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 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 203246 0 16472 CHRISTINA BAILEY OFFICE MANAGER 40.00 X 115073 0 12417 GABRIEL WINFREY ASSISTANT GENERAL MANAGER 40.00 X 138889 0 13026 457208 0 41915 3 0 1 0 0 MEMBERSHIP FEES 713990 2605573 2605573 PROPERTY TRANSFER FEES 531390 232500 232500 MARINA SERVICES 713990 200751 200751 LICENSES AND PERMITS 713990 65799 65799 POWER AND WATER SALES 221000 27816 27816 13675 13675 3146114 125269 125269 13500 10743 2757 2757 2757 MISCELLANEOUS 713990 13936 13936 13936 3288076 3146114 0 141962 229718 172289 57429 725654 631959 93695 111480 100332 11148 88619 79757 8862 85811 72939 12872 44530 44530 209397 142685 66712 54946 54946 546 546 214503 173136 41367 262699 223701 38998 OPERATIONAL SUPPLIES AN 441489 441489 0 0 MISCELLANEOUS 121553 56989 64564 0 REPAIRS AND MAINTENANCE 114059 111551 2508 0 UTILITIES 89476 86260 3216 0 126595 110503 16092 2921075 2403590 517485 0 105008 473707 332156 2442546 45368 35365 4000 0 9710714 4836110 4852306 4874604 2145518 0 177325 217466 7661681 8043688 162609 106728 0 30750 15589 7925 161739 209540 339937 354943 X 7321744 7688745 7321744 7688745 7661681 8043688 367001 0 X 0 1 X 1 0 1 0 0 1043873 1043873 2043005 528616 1514389 6623836 4307494 2316342 4874604 DEFERRED COMPENSATION PLAN LIABILITY 209540 209540 X 3288076 0 3288076 0 3288076 2921075 0 2921075 0 2921075 PART X, LINE 2: 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, 2025 AND 2024. NO INTEREST AND PENALTIES WERE ACCRUED FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024, AND THERE WERE NO MATERIAL UNCERTAIN TAX POSITIONS. THE CORPORATION FILES AN EXEMPT ORGANIZATION RETURN IN THE U.S. FEDERAL JURISDICTION. X X 0 1 0 0 0 0 0 1 0 JEFF WARD GENERAL MANAGER 193246 0 10000 0 0 0 6040 0 10432 0 219718 0 0 0 GABRIEL WINFREY ASSISTANT GENERAL MANAGER 111489 0 27400 0 0 0 4328 0 8698 0 151915 0 0 0 PART I, LINE 3 GENERAL MANAGER RECOMMENDS COMPENSATION INCREASES TO BUDGET COMMITTEE. THE BOARD DETERMINES THE COMPENSATION INCREASE AND BONUS FOR THE GENERAL MANAGER. PART I, LINE 4B JEFF WARD AND CHRISTINA BAILEY CONTRIBUTE TO A DEFERRED COMP 457(B) PLAN. 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 OSWEGO CORPORATION GENERAL 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 REGUARLY AND CONSISTENTLY MONITORS AND ENFORCES THE CONFLICT-OF-INTEREST POLICY. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICTS 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 THE BOARD DETERMINES THE COMPENSATION FOR THE GENERAL MANAGER. 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.