Lakewood Foundation

Organization Overview

Lakewood Foundation is located in Lakewood, OH. The organization was established in 2014. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. Lakewood 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, Lakewood Foundation generated $232.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $269.1k during the year ending 12/2021. While expenses have increased by 10.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE LAKEWOOD FOUNDATION IS A PRIVATE, NOT-FOR-PROFIT, COMMUNITY-BASED ORGANIZATION. THE LAKEWOOD FOUNDATION ENHANCES THE LIVES OF LAKEWOOD RESIDENTS BY SERVING AS THE FISCAL AGENT FOR SERVICE GROUPS AND CITY DEPARTMENTS. THE TRUSTEES OF THE LAKEWOOD FOUNDATION ASSIST AND SUPPORT SPECIAL PROJECTS THEY BELIEVE WILL FURTHER THE WELL BEING OF THE LAKEWOOD COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE LAKEWOOD FOUNDATION WAS CREATED IN 1996 AS A 501(C)(3) TO SUPPORT PROGRAMS AND ACTIVITIES THAT ENHANCE THE LIVES OF LAKEWOOD RESIDENTS BY ENABLING THEM TO LIVE MORE PRODUCTIVELY AND WITH DIGNITY. TO ACCOMPLISH THIS GOAL, THE LAKEWOOD FOUNDATION WILL ACT AS THE FISCAL AGENT FOR NON- PROFIT ORGANIZATIONS LOCATED IN LAKEWOOD OR FORMED FOR THE BENEFIT OF THE RESIDENTS OF LAKEWOOD AS APPROVED BY THE LAKEWOOD FOUNDATION BOARD OF TRUSTEES. IN ADDITION, THE LAKEWOOD FOUNDATION WILL ALSO PROVIDE ADVOCACY AND FISCAL MANAGEMENT OF PROGRAMS, GRANTS AND CHARITABLE CONTRIBUTIONS TO THE CITY OF LAKEWOOD, DEPARTMENT OF HUMAN SERVICES. THE LAKEWOOD FOUNDATION HAS ASSISTED VARIOUS GROUPS WITHIN THE CITY OF LAKEWOOD WITH FUNDRAISING EFFORTS BY SERVING AS THE FISCAL AGENT FOR THEIR PROJECTS. CURRENTLY WE SERVE: O FRIENDS OF MADISON PARK O KAUFFMAN PARK FRIENDS O LAKEWOOD COMMUNITY BASEBALL ASSOCIATION O LAKEWOOD FARMERS MARKET O LAKEWOOD OUTDOOR BASKETBALL COMMITTEE O LAKEWOOD START-A-HEART O LAKEWOOD URBAN BIRD FUND O LAKEWOOD VETERANS COMMITTEE O LEASED DOGS IN LAKEWOOD PARK O MY BEST FRIENDS BOWL OVER THE PAST SEVERAL YEARS, THE LAKEWOOD FOUNDATION HAS WORKED VIGOROUSLY TO SUPPORT AND ASSIST ALL OF THE PROGRAMS OF THE DEPARTMENT OF HUMAN SERVICES. CURRENT PROGRAMMING INCLUDE: THE FAMILY ROOM, H2O, FAMILY TO FAMILY PLAY A DAY, LAKEWOOD COMMISSION ON AGING AND THE AGING NUTRITION SITE. THE LAKEWOOD FOUNDATION IS COMPRISED OF VOTING MEMBERS-AT-LARGE REPRESENTING THE GENERAL COMMUNITY. THE LAKEWOOD FOUNDATION IS GOVERNED BY OUR BYLAWS AND INVESTMENT POLICY, COPIES AVAILABLE UPON REQUEST. A PORTION OF OUR FUNDS ARE INVESTED WITH THE CLEVELAND FOUNDATION, FIRST FEDERAL OF LAKEWOOD AND RAYMOND JAMES.


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Board, Officers & Key Employees

Name (title)Compensation
Karen Lee
President
$0
Cynthia Costello
Treasurer
$0
Nora Katzenberger
Secretary
$0
Michael Bentley
Director
$0
Lindsay Grdina
Director
$0
Kristin Harwell
Directort
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$17,855
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$71,617
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$89,472
Total Program Service Revenue$50,531
Investment income $92,820
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 $232,823

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Lakewood Foundation has recieved totaling $41,330.

Awarding OrganizationAmount
Healthy Lakewood Foundation

Lakewood, OH

PURPOSE: COMMUNITY PROGRAMS

$41,330
View Grant Recipient Profile

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