Lakemary Center Endowment Association
- Assets
- $0.0
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Paola, KS
- Founding
- 01/1975
- Data as of
- 06/2019
- EIN
- 23-7423516
Organization Overview
Lakemary Center Endowment Association is located in Paola, KS. The organization was established in 1975. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. Lakemary Center Endowment Association 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 06/2019, Lakemary Center Endowment Association generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 44.4% each year . All expenses for the organization totaled $7.9m during the year ending 06/2019. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT TO LAKEMARY CENTER, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAYMENT TO OR FOR THE BENEFIT OF LAKEMARY CENTER INC, A NOT-FOR-PROFIT ORGANIZATION WHICH PROVIDES SERVICES TO DEVELOPMENTALLY DISABLED PERSONS OF ALL RACES, CREEDS OR COLORS.
PAYMENT TO LAKEMARY CENTER INC TO CLOSE OUT THE ENDOWMENT AS OF 6/30/2019. LAKEMARY CENTER INC TOOK OVER ALL ASSETS OF THE ENDOWMENT AS OF 6/30/2019.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Fisher Trustee/v-Pres | OfficerTrustee | 1 | $0 |
Carolyn Jacobs Trustee/treasurer | OfficerTrustee | 1 | $0 |
Mike Everett Trustee | Trustee | 1 | $0 |
Teddi Hernandez Trustee | Trustee | 1 | $0 |
Joan Horan Trustee | Trustee | 1 | $0 |
Tim Lang Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $26,150 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,508,436 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,534,586 |
| Total Program Service Revenue | $0 |
| Investment income | $140,944 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $153,622 |
| Net Income from Fundraising Events | $67,639 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,896,791 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $288,145 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,007 |
| Fees for services: Other | $51,107 |
| Advertising and promotion | $0 |
| Office expenses | $1,264 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $7,881,901 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |
Grants Awarded
Over the last fiscal year, Lakemary Center Endowment Association has awarded $1,260,297 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LAKEMARY CENTER INC PURPOSE: CAPITAL IMPROVEMENTS | $902,238 |
LAKEMARY CENTER INC PURPOSE: SUPPORT LAKEMARY | $279,900 |
LAKEMARY CENTER INC PURPOSE: SUPPORT LAKEMARY | $78,159 |