Lakeland Area Chamber Foundation Inc
- Assets
- $769.0k
- Revenue
- $33.2k
- Investments
- $734.8k
- Employees
- 0
- Location
- Lakeland, FL
- Founding
- 11/1973
- Data as of
- 12/2022
- EIN
- 23-7292186
Organization Overview
Lakeland Area Chamber Foundation Inc is located in Lakeland, FL. The organization was established in 1973. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakeland Area Chamber Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Lakeland Area Chamber Foundation Inc generated $33.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.8%) each year. All expenses for the organization totaled $13.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (14.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Lakeland Area Chamber Foundation Inc has awarded 108 individual grants totaling $215,701. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Colon Director | 1 | $0 | |
Adil Khan Director | 1 | $0 | |
Gow Fields Director | 1 | $0 | |
Janice Jones Director | 1 | $0 | |
Mike Mc Gee Director | 1 | $0 | |
Will Link Chair | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $150 |
| Interest on Savings | $6 |
| Dividends & Interest | $12,415 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,599 |
| Capital Gain Net Income | $20,599 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $33,170 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $176 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,564 |
| Total operating and administrative expenses | $13,600 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $13,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,186 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $769,025 |
| Accounts payable and accrued expenses | $13,274 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,274 |
Grants Awarded
Over the last fiscal year, Lakeland Area Chamber Foundation Inc has awarded $29,544 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
LEARNING RESOURCE CENTER OF POLK CO PURPOSE: CHARITABLE SUPPORT | $5,900 |
PACE CENTER FOR GIRLS PURPOSE: CHARITABLE SUPPORT | $7,500 |
JUNIOR ACHIEVEMENT OF POLK COUNTY PURPOSE: CHARITABLE SUPPORT | $5,000 |
POLK EDUCATION FOUNDATION PURPOSE: CHARITABLE SUPPORT | $11,144 |