Lake Care Inc is located in Mount Dora, FL. The organization was established in 2010. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2021, Lake Care Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Care 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 12/2021, Lake Care Inc generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.9% each year . All expenses for the organization totaled $2.5m during the year ending 12/2021. While expenses have increased by 20.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
LAKE CARES FOOD PANTRY IN MOUNT DORA, FL HAS ESTABLISHED ITSELF AS A STRATEGIC RESOURCE TO SUPPORT THE NEEDS OF HUNGRY FAMILIES THAT HAVE BEEN HIT BY UNFORESEEN AND UNFORTUNATE CIRCUMSTANCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAKE CARES FACTS 2021:55,563 INDIVIDUALS SERVED OVER 1,100,000 POUNDS OF FOOD;22,916 HOURS VOLUNTEERED;OPERATED AS A SERVICE LOCATION FOR SNAP (FOOD STAMPS) AND THE AFFORDABLE CARE HEALTH INSURANCE APPLICATIONS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Cathy Hoechst President | OfficerTrustee | 3 | $0 |
Julie Manning Secretary | OfficerTrustee | 3 | $0 |
Jack Mcmullen Treasurer | OfficerTrustee | 3 | $0 |
Monica Wofford Director | Trustee | 1 | $0 |
John Pease Director | Trustee | 1 | $0 |
Heather Mcpherson Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $2,486,440 |
Noncash contributions included in lines 1a–1f | $1,603,255 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,486,440 |
Total Program Service Revenue | $0 |
Investment income | $3,248 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $19,816 |
Net Gain/Loss on Asset Sales | -$9,959 |
Net Income from Fundraising Events | $13,322 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,512,867 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $1,850,872 |
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 | $319,956 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $23,786 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $13,097 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $2,750 |
Advertising and promotion | $6,238 |
Office expenses | $10,712 |
Information technology | $8,192 |
Royalties | $0 |
Occupancy | $68,079 |
Travel | $7,640 |
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 | $52,571 |
Insurance | $20,930 |
All other expenses | $58,075 |
Total functional expenses | $2,462,326 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $783,445 |
Savings and temporary cash investments | $43,476 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $14,372 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $188,270 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $1,169,468 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $4,070 |
Total assets | $2,203,101 |
Accounts payable and accrued expenses | $19,563 |
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 | $18,171 |
Total liabilities | $37,734 |
Net assets without donor restrictions | $2,165,367 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $2,203,101 |
Over the last fiscal year, we have identified 1 grants that Lake Care Inc has recieved totaling $18,000.
Awarding Organization | Amount |
---|---|
Art And Phyllis Grindle Foundation Inc Orlando, FL PURPOSE: PROGRAM SUPPORT | $18,000 |
Organization Name | Assets | Revenue |
---|---|---|
Montgomery Community Action Committee Montgomery, AL | $13,253,001 | $19,355,950 |
Society Of St Vincent De Paul South Pinellas Inc St Petersburg, FL | $20,224,703 | $21,064,190 |
Community Service Programs Of West Alabama Inc Tuscaloosa, AL | $11,169,657 | $19,088,639 |
Catholic Charities Bureau Jacksonville, FL | $12,649,665 | $19,074,889 |
St Johns County Welfare Federation St Augustine, FL | $11,404,486 | $15,403,737 |
Coastal Georgia Area Community Action Authority Inc Brunswick, GA | $8,853,505 | $18,530,212 |
Changing Homelessness Inc Jacksonville, FL | $1,897,568 | $14,269,486 |
University Of Alabama Ophthalmology Services Foundation Birmingham, AL | $3,172,403 | $13,818,197 |
Hope Villages Of America Inc Clearwater, FL | $6,400,993 | $13,661,683 |
U S Space & Rocket Center Education Foundation Huntsville, AL | $18,280,145 | $26,134,184 |
Community Action Program Inc Pensacola, FL | $1,817,125 | $12,881,444 |
Automotive Aftermarket Association Southeast Health Fund Montgomery, AL | $888,375 | $12,395,120 |