2023-10-16T13:25:01-05:00 2022-12-31 453980748 ADAMSON & COMPANY LLC 4101 S ALAMEDA ST CORPUS CHRISTI TX 78411 990 2022-01-01 741937330 PADRE ISLES PROPERTY OWNERS ASSOCIATION INC PADR 3619497025 14015 FORTUNA BAY DRIVE CORPUS CHRISTI TX 78418 RAY SINGLETON TREASURER 3619497025 2023-10-12 1 RAY SINGLETON 999009999 0 CRAIG A ADAMSON P00246572 3618878916 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z MARVIN JONES 14015 FORTUNA BAY DR CORPUS CHRISTI TX 78418 2372485 0 X WWW.PADREISLESPOA.NET X 1976 TX PROVIDE COMMON AREA MAINTENANCE, BEAUTIFICATION, AND PROMOTE SOCIAL WELFARE FOR RESIDENTS OF PADRE ISLAND , CORPUS CHRISTI, TEXAS SUBDIVIDSIONS 7 7 7 5 0 0 0 0 1973426 2052998 271892 182029 154272 137458 2399590 2372485 0 0 0 0 302618 334960 0 0 0 1321031 1574938 1623649 1909898 775941 462587 13061456 12626423 209371 95938 12852085 12530485 PROVIDE COMMON AREA MAINTENANCE, BEAUTIFICATION, AND PROMOTE SOCIAL WELFARE FOR RESIDENTS OF PADRE ISLAND , CORPUS CHRISTI, TEXAS SUBDIVIDSIONS 0 0 1674472 2190456 PROVIDE COMMON AREA MAINTENANCE, BEAUTIFICATION, AND PROMOTE SOCIAL WELFARE FOR RESIDENTS OF PADRE ISLAND , CORPUS CHRISTI, TEXAS SUBDIVIDSIONS 1674472 0 0 0 1 0 0 0 0 0 1 1 0 0 1 1 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 1 17 0 1 7 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X JEFF SMITH 3619931000 555 NORTH CARANCAHUA SUITE 1040 CORPUS CHRISTI TX 78401 X MARVIN JONES PRESIDENT 2.00 X X 0 0 0 DREW DIGGINS VICE PRESIDENT 2.00 X X 0 0 0 VICKI MCGINLEY SECRETARY 2.00 X X 0 0 0 RAY SINGELTON TREASURER 2.00 X X 0 0 0 SANDY GRAVES BOARD MEMBER 2.00 X 0 0 0 TOMMY KURTZ BOARD MEMBER 2.00 X 0 0 0 FRANK STOVER BOARD MEMBER 2.00 X 0 0 0 GARY KLEPPERICH EXECUTIVE DIRECTOR 40.00 X 68260 0 0 68260 0 0 0 0 0 0 PEZZI CONSTRUCTION INC PO BOX 1003 CIBOLO TX 78108 BULKHEAD AND TIEBACK INSPECTIONS 372630 PARKER CONSTRUCTION 15281 CARAVEL DR CORPUS CHRISTI TX 78418 COMMON AREA ADDITIONS 286559 TORCSILL FOUNDATION DEPT 3984 PO BOX 123984 DALLAS TX 753123984 BULKHEAD FOUNDATION REPAIRS 266464 BRIGHTVIEW LANDSCAPE SERVICES INC PO BOX 31001-2463 PASADENA CA 911102463 LAWN SERVICES 102170 4 COMMON AREA MAINTENANC 531390 2038298 2038298 CITY OF COPRPUS CHRIST 531390 14700 14700 2052998 182029 182029 ARCHITECTURAL CONTROL 531390 87635 87635 MISCELLANEOUS INCOME 531390 27023 27023 RESALE CERTIFICATE FEE 531390 22800 22800 137458 2372485 2190456 0 182029 68260 68260 226065 226065 9252 9252 31383 25922 5461 54997 54997 44690 44690 10100 10100 18771 18771 39413 39413 16197 16197 17574 17574 27255 27255 999 999 127923 93160 34763 BULKHEAD MAINTENANCE 585339 585339 COMMON AREA MAINTENANCE 541837 541837 BILLISH PARK MAINTENANC 67785 67785 CANAL MAINTENANCE 10497 10497 11561 11561 1909898 1674472 235426 0 208875 953536 9313461 8696474 290439 277928 32742 19465 148710 146001 3709 2709 3212230 2676311 13061456 12626423 172199 55961 24612 15001 12560 24976 209371 95938 X 12852085 12530485 12852085 12530485 13061456 12626423 462587 -784187 0 X X 1 X 1 X 1 0 1 0 0 102167 102167 0 46543 43834 2709 2709 HERDON PLANT OAKLEY MUTUAL FUNDS 2676311 F 2676311 WAGES PAYABLE 13713 PAYROLL TAXES PAYABLE 9563 BUILDER DEPOSITS 1700 24976 X 1624297 -748188 -748188 2372485 0 2372485 1909898 0 1909898 0 1909898 PART X, LINE 2: THE ASSOCIATION QUALIFIES AS A TAX-EXEMPT PROPERTY OWNERS' ASSOCIATION UNDER INTERNAL REVENUE CODE SECTION 528 FOR THE YEAR ENDED DECEMBER 31, 2022. UNDER THAT SECTION, THE ASSOCIATION IS NOT TAXED ON INCOME AND EXPENSES RELATED TO ITS EXEMPT PURPOSE, WHICH IS THE ACQUISITION, CONSTRUCTION, MANAGEMENT, MAINTENANCE, AND CARE OF ASSOCIATION PROPERTY. NET NONEXEMPT FUNCTION INCOME, WHICH INCLUDES EARNED INTEREST AND REVENUES RECEIVED FROM SOURCES UNRELATED TO ITS EXEMPT PURPOSE, IS TAXED AT THE APPROPRIATE RATE BY THE FEDERAL GOVERNMENT. FOR THE YEAR ENDED DECEMBER 31, 2022, THE ASSOCIATION DID NOT HAVE FEDERAL INCOME TAX EXPENSE. THE ASSOCIATION'S TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. THE ASSOCIATION'S FEDERAL INCOME TAX RETURNS FOR 2020, 2021, AND 2022 REMAIN OPEN TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. IN EVALUATING THE ASSOCIATION'S TAX PROVISIONS AND ACCRUALS, THE ASSOCIATION BELIEVES THAT ITS ESTIMATES ARE APPROPRIATE BASED ON CURRENT FACTS AND CIRCUMSTANCES. THE ASSOCIATION CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW, AND NEW AUTHORITATIVE RULINGS. 0 0 0 0 0 0 0 0 0 GARY KLEPPERICH EXECUTIVE DIRECTOR 68260 0 0 0 0 0 0 0 0 0 68260 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ASSOCIATION IS COMPRISED OF RESIDENTIAL LOT OWNERS IN THE SUBDIVISIONS OF PADRE ISLES FORM 990, PART VI, SECTION A, LINE 7A THE OWNERS IN THE ASSOCIATION'S SUBDIVISIONS CAN VOTE FOR DIRECTORS AND MEMBERS OF THE BOARD OF DIRECTORS FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 IS PROVIDED AT THE MONTHLY BOARD MEETINGS OR EMAILED TO THE BOARD MEMBERS FOR REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C MANAGEMENT MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY AND TAKES ENFORCEMENT ACTION WHEN NECESSARY FORM 990, PART VI, SECTION C, LINE 18 THE 990 IS MADE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS DOCUMENTATION AVAILABLE TO THE PUBLIC UPON REQUEST AND POSTED ON THE ORGANIZATION'S WEBSITE. FORM 990, PART XII, LINE 2C: NO CHANGES WERE MADE FROM THE PRIOR YEAR