Lakeway Civic Corporation

The Lakeway Civic Corporation is a nonprofit social welfare organization headquartered in Lakeway, Texas, designated as a 501(c)(4) civic league. Its primary focus is on enhancing community welfare through various charitable, educational, and recreational activities.

Activities and Contributions

The Lakeway Civic Corporation has been actively involved in community development since its inception. Over the years, it has contributed significantly to local projects and service groups. As of recent records, the organization has donated approximately $1,631,292 to support over 231 community projects and initiatives since 1972. It also engages in construction projects aimed at improving the community.

Financial Overview

The corporation primarily generates revenue from contributions, with investment income also playing a significant role. In previous years, contributions accounted for the majority of its total revenue, while investment income and asset sales constituted smaller portions. For example, in 2018, contributions made up 75.2% of its total revenue, while investment income accounted for 14.5%.

Governance

As a civic organization, the Lakeway Civic Corporation operates under a governance structure typical of 501(c)(4) organizations. Its leadership includes a board of trustees who oversee the organization's activities and finances. Officers such as the president, vice president, secretary, and treasurer manage the day-to-day functions and strategic direction of the organization. The corporation does not compensate its key employees or officers for their services.

Community Involvement

The organization supports various community activities, including regular blood drives held at the Lakeway Activity Center. This involved hosting blood drives every other month to engage community members in health-related initiatives.

Legal Status

As a 501(c)(4) organization, donations to the Lakeway Civic Corporation are not tax deductible. It files annual returns, such as Form 990-EZ, to disclose financial information and governance practices.