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Lake Tippecanoe Property Owners Inc

EIN 31-1105800 · Leesburg, IN

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood86 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

PRESERVATION OF WETLANDS IN COOPERATION WITH THE NATURE CONSERVANCY AS A MEANS OF KEEPING NATURAL HABITAT FOR WILDLIFE. PRESERVE & PROTECT THE ECOLOGY; ENCOURAGE ONLY THOSE USES OF PROPERTY AROUND THE LAKE THAT WILL PRODUCE A POSITIVE IMPRESSION AND A POSITIVE ENVIRONMENTAL IMPACT; TO PREVENT DANGEROUS, INJURIOUS OR NOXIOUS CONDITIONS SUCH AS POLLUTION, UNSANITARY CONDITIONS ON LAND AND WATER AND OVERCROWDING ON LAND AND WATER.

Income
$213,152
Spending
$214,413
Spent on programs
84%
Reserves
10.5 months of spending
Largest source of income
donations and private grants, 63%
Employees
0
Volunteers
30

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 86 out of 100. Higher than 65% of charities in its peer group (environment, under $250k).

  • Reserves

    28 of 35

    Spendable reserves would cover 10.5 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    8 of 15

    Spending exceeded income by 1% of income.

  • Income trend

    15 of 15

    Income rose 6% on the year before.

  • Spending floor

    15 of 15

    84% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 89% of charities in its peer group (environment, under $250k).

  • Independent board

    25 of 25

    42 of 42 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (5)
  1. $27,087 spent. LAKE SAFETY & HEALTHY LAKE ECOSYSTEM - LTPO PROMOTES SAFE BOATING PRACTICES BY ORGANIZING AND HOSTING ANNUAL BOATING SAFETY COURSES AND OWNS 2 WATERCRAFT THAT ARE STAFFED BY LTPO VOLUNTEERS WHO ARE TRAINED AND DEPUTIZED BY THE KOSCIUSKO CO SHERIFF'S DEPT. TO PATROL THE 3 LAKE BASINS FOR UNSAFE/ILLEGAL PRACTICES AND ISSUE CITATIONS, IF WARRANTED. NAVIGATIONAL AND ECO-ZONE BOUYS ARE MANAGED BY THE THE LTPO FOR BOATING SAFETY AND PROTECTION OF SHORELINES. MANIPULATION OF THE DAM IS MANAGED BY THE LTPO AS DIRECTED BY THE STATE OF INDIANA DNR FOR FLOOD CONTROL. LTPO HAS PURCHASED PROPERTY SPECIFICALLY FOR EASE OF ACCESS FOR THE EMINENT CONSTRUCTION OF A NEW DAM TO REPLACE THE CURRENT DAM THAT HAS OUTLIVED ITS PROJECTED LIFESPAN. TREATMENT OF NON-NATIVE VEGETATION AND NOXIOUS ALGAE IS FUNDED ANNUALLY TO INCREASE LAKE ENJOYMENT. LAKE SAFETY & HEALTHY LAKE ECOSYSTEM - LTPO PROMOTES SAFE BOATING PRACTICES BY ORGANIZING AND HOSTING ANNUAL BOATING SAFETY COURSES AND OWNS 2 WATERCRAFT THAT ARE STAFFED BY LTPO VOLUNTEERS WHO ARE TRAINED AND DEPUTIZED BY THE KOSCIUSKO CO SHERIFF'S DEPT. TO PATROL THE 3 LAKE BASINS FOR UNSAFE/ILLEGAL PRACTICES AND ISSUE CITATIONS, IF WARRANTED. NAVIGATIONAL AND ECO-ZONE BOUYS ARE MANAGED BY THE THE LTPO FOR BOATING SAFETY AND PROTECTION OF SHORELINES. MANIPULATION OF THE DAM IS MANAGED BY THE LTPO AS DIRECTED BY THE STATE OF INDIANA DNR FOR FLOOD CONTROL. LTPO HAS PURCHASED PROPERTY SPECIFICALLY FOR EASE OF ACCESS FOR THE EMINENT CONSTRUCTION OF A NEW DAM TO REPLACE THE CURRENT DAM THAT HAS OUTLIVED ITS PROJECTED LIFESPAN. TREATMENT OF NON-NATIVE VEGETATION AND NOXIOUS ALGAE IS FUNDED ANNUALLY TO INCREASE LAKE ENJOYMENT.
  2. $109,969 spent. COMMUNITY OUTREACH & EDUCATION - INFORMATION ABOUT THE LTPO'S ACTIVITES IS AVAILABLE THROUGH THE WEBSITE AND THROUGH THE NEWSLETTER, WHICH IS SENT TO ALL MEMBERS. THE DIRECTORY IS PUBLISHED ON AN ANNUAL BASIS FOR USE OF MEMBERS AND INCLUDES ADS FROM AREA BUSINESSES AS WELL AS PUBLIC SERVICE ANNOUNCEMENTS ON SAFE BOATING, EMERGENCY NUMBERS, ETC, AND A LISTING OF MEMBERS. DOPNATIONS ARE MADE TO PROMOTE WATER QUALITY AWARENESS TO LILLY CENTER FOR LAKES & STREAMS THROUGH PROGRAMS SUCH AS THE LAKES FESTIVAL, CALENDAR CONTEST AND CLASSROOM AQUARIUMS, THE TIPPECANOE WATERSHED FOUNDATION TO HELP PROMOTE THEIR PROGRAMS FOR WATER QUALITY EDUCATION, AND TO THE PLAIN & TURKEY CREEK TOWNSHIP FIRE DEPARTMENTS.
  3. $35,620 spent. ANNUAL FIREWORKS DISPLAY - THE FIREWORKS DISPLAY IS FUNDED BY CONTRIBUTIONS FROM LTPO MEMBERS FOR THE ENJOYMENT OF EVERYONE ON THE LAKE.
  4. $7,950 spent. OTHER PROGRAM SERVICES - THE FLOTILLA IS AN ANNUAL EVENT ALSO TAKING PLACE DURIN THE 4TH OF JULY CELEBRATION. PARTICIPATION FOR CASH PRIZES IS OPEN TO ANYONE, AND THE PIERS ARE PACKED WITH FAMILIES ENJOYING THE PARADE. THE ANNUAL FISH FRY IS ALSO OPEN TO THE PUBLIC AND HELPS INCREASE THE VISIBILITY OF THE LTPO. THE FISHING CONTEST CAN BE ENTERED BY ANYONE FISHING THE 3 BASINS OF LAKE TIPPECANOE WITH TROPHIES PRESENTED FOR INDIVIDUAL BEST CATCHES.
  5. OTHER PROGRAM SERVICES - THE FLOTILLA IS AN ANNUAL EVENT ALSO TAKING PLACE DURIN THE 4TH OF JULY CELEBRATION. PARTICIPATION FOR CASH PRIZES IS OPEN TO ANYONE, AND THE PIERS ARE PACKED WITH FAMILIES ENJOYING THE PARADE. THE ANNUAL FISH FRY IS ALSO OPEN TO THE PUBLIC AND HELPS INCREASE THE VISIBILITY OF THE LTPO. THE FISHING CONTEST CAN BE ENTERED BY ANYONE FISHING THE 3 BASINS OF LAKE TIPPECANOE WITH TROPHIES PRESENTED FOR INDIVIDUAL BEST CATCHES.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since August 2009.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

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