Lake Nona Institute Inc
- Assets
- $521.4k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 07/2011
- Data as of
- 12/2020
- EIN
- 27-3346737
Organization Overview
Lake Nona Institute Inc is located in Orlando, FL. The organization was established in 2011. According to its NTEE Classification (E05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Nona Institute 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 12/2020, Lake Nona Institute Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $1.3m during the year ending 12/2020. While expenses have increased by 11.1% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
LAKE NONA INSTITUTE IS DEDICATED TO DEVELOPING, ACTIVATING, AND MEASURING THE IMPACT OF TECHNOLOGY AND PROGRAMS THAT ARE MODELS FOR HEALTHY, SUSTAINABLE COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAKE NONA INSTITUTE IS ORGANIZED AROUND THREE "PILLARS OR AREASOF FOCUS HEALTH AND WELLNESS, SUSTAINABILITY, AND EDUCATION. LAKENONA INSTITUTE'S SIGNATURE PROJECT IS A COLLABORATION WITH JOHNSON& JOHNSON. THE "LAKE NONA LIFE PROJECT" IS WORKING TO ADVANCERESEARCH ON COMMUNITY BASED HEALTH AND WELLNESS. THIS STUDY ISINTENDED TO CONTINUE FOR MULTIPLE YEARS.ALSO, LAKE NONA INSTITUE CONDUCTS THE IMPACT FORUM, ANINVITATIONAL EVENT HELD TO UNLOCK INNOVATION TO CREATE SUSTAINABLEHEALTH COMMUNITIES AND ADVANCE THE QUALITY OF LIFE BY EXPLORINGTHE INTERSECTIONS OF WELLNESS, SUSTAINABLE LIVING, AND EDUCATION.THERE ARE APPROXIMATELY 250 ATTENDEES AT THE FORUM, WHICH PROVIDESOPPORTUNITIES FOR INSPIRING PRESENTATIONS, HIGH-QUALITY NETWORKINGAND HANDS-ON INNOVATION SESSIONS, ALLOWING ALL DELEGATES TO PLAYAN ACTIVE ROLE AND PROVIDE MEANINGFUL AND LIVELY INPUT. THE GOALOF THIS EVENT IS TO GENERATE NEW INNOVATIVE APPROACHES ANDSCIENTIFIC PURSUITS, THAT ARE DESIGNED TO BE REPLICATED AND SCALEDON A GLOBAL LEVEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rasesh Thakkar Director/president | OfficerTrustee | 8 | $0 |
Nicholas F Beucher III Director/secretary | OfficerTrustee | 2 | $0 |
Wayne Canner Director/vice President | OfficerTrustee | 0.5 | $0 |
Gloria Caulfield Vice President | Officer | 8 | $0 |
Alexandra Silverton Vice President | Officer | 8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hemisphere Global Holdings Health Innovation | 12/30/16 | $162,025 |
Thumbprint Marketing Llc Life Research | 12/30/16 | $119,988 |
Financial Statements
| 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 | $1,186,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,186,500 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,186,500 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $80,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,936 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,500 |
| Advertising and promotion | $4,919 |
| Office expenses | $16,539 |
| Information technology | $14,778 |
| Royalties | $0 |
| Occupancy | $21,240 |
| Travel | $1,232 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,026,110 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,286,648 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $521,411 |
| 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 | $521,411 |
| Accounts payable and accrued expenses | $169,292 |
| 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 | $169,292 |
| Net assets without donor restrictions | $0 |
| 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 | $521,411 |
Grants Awarded
Over the last fiscal year, Lake Nona Institute Inc has awarded $70,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HEALTHBOX FLORIDA II LLC PURPOSE: GENERAL OPERATING | $50,000 |
Washington, DC PURPOSE: GENERAL OPERATING | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lake Nona Institute Inc has recieved totaling $55,000.
| Awarding Organization | Amount |
|---|---|
The Nemours Foundation Jacksonville, FL PURPOSE: Donation | $35,000 |
The Dr P Phillips Foundation Orlando, FL PURPOSE: PROGRAM SUPPORT - EDUCATION | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Icahn Medical Research Foundation Sunny Isles Beach, FL | $114,654,992 | $1,905,506 |
Dade County Dental Research Clinic Miami, FL | $6,346,783 | $3,544,106 |
Fox Foundation Inc Tampa, FL | $1,918,061 | $3,356,111 |
Lake Nona Institute Inc Orlando, FL | $521,411 | $1,186,500 |
Urban Health Partnerships Incorporated Miami, FL | $330,779 | $1,042,820 |
Innovative Solutions For Disadvantage And Disability Inc Decatur, GA | $305,185 | $657,273 |
Intellus Worldwide Inc Clermont, FL | $811,825 | $532,999 |
Florida Council For Behavioral Health Care Tallahassee, FL | $82,261 | $252,271 |
Systems-Centered Training And Research Institute Corporation Decatur, GA | $1,349,339 | $333,300 |
Latin America Patients Academy Inc Miami, FL | $139,520 | $0 |
Patient Safety Organization Of Florida Inc Tallahassee, FL | $969,750 | $253,509 |
Georgia Global Health Alliance Inc Atlanta, GA | $71,559 | $0 |