Arrow Lake Foundation
- Assets
- $223.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mt Pleasant, TN
- Founding
- 08/2013
- Data as of
- 12/2021
- EIN
- 30-0750380
Organization Overview
Arrow Lake Foundation is located in Mt Pleasant, TN. The organization was established in 2013. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arrow Lake Foundation 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, Arrow Lake Foundation generated $5.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (27.7%) each year. All expenses for the organization totaled $975.0 during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (21.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE THREE PILLARS OF THE FOUNDATION ARE HEALTH, EDUCATION, AND CONSERVATION. DURING 2020, THERE WAS LIMITED ACTIVITY DUE TO THE EFFECTS AND RESTRICTIONS RELATED TO THE COVID-19 PANDEMIC.EDUCATION - THE ORGANIZATION DONATED $500 TO MOUNT PLEASANT HIGH SCHOOL TO BE USED TO ASSIST WITH THE EDUATION OF THE STUDENTS AND THEIR RELATED ACTIVITIES. THE ORGANIZATION ALSO CONTRIBUTED $1000 TO THE LOCAL BOY SCOUT TROOP TO ASSIST WITH RENOVATIONS OF THE SCOUT HUT THAT IS USED FOR MEETINGS AND ACTIVITIES.CONSERVATION - THE ORGANIZATION TRADITIONALLY PARTICIPATES WITH THE MT. PLEASANT ELEMENTARY SCHOOL IN EARTH DAY ACTIVITIES BUT THESE WERE RESTRICTED IN 2020.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Sands President | 2 | $0 | |
Jared Sweeney Secretary | 2 | $0 | |
Greg Yandell Director | 2 | $0 | |
Sara Cummins Director | 2 | $0 | |
Sonny Cummins Director | 2 | $0 | |
Michael Bogdan Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $5,230 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $5,230 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $76 |
| Other expenses | $399 |
| Total expenses | $975 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $223,181 |
| Other assets | $0 |
| Total assets | $223,281 |
| Total liabilities | $0 |
| Net assets or fund balances | $223,281 |
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