Lake Arbor Foundation Inc
- Assets
- $902.9k
- Revenue
- $261.6k
- Investments
- $0.0
- Employees
- 6
- Location
- Mitchellville, MD
- Founding
- 03/1998
- Data as of
- 12/2021
- EIN
- 31-1576462
Organization Overview
Lake Arbor Foundation Inc is located in Mitchellville, MD. The organization was established in 1998. According to its NTEE Classification (N31) the organization is classified as: Community Recreational Centers, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Lake Arbor Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Arbor Foundation 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 Arbor Foundation Inc generated $261.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $310.5k during the year ending 12/2021. While expenses have increased by 1.9% 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
TO FACILITATE INDIVIDUAL AND COMMUNITY IMPROVEMENT BY PROVIDING EDUCATION AND RECREATIONAL PROGRAMS TO MITCHELLVILLE AND THE SURROUNDING AREAS. LAFI ENVISIONS THE MITCHEVILLE COMMUNITY AS A HEALTHY AND HOLISTIC PLACE TO LIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED RECREATIONAL AND EDUCATION PROGRAMS TO THE MITCHELLVILLE AND SURROUNDING COMMUNITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Futch Vice President | OfficerTrustee | 10 | $0 |
Donna Dean Treasurer | OfficerTrustee | 40 | $0 |
Michael A Richardson Assistant Treasurer | OfficerTrustee | 10 | $0 |
Thelma J Strong President | OfficerTrustee | 40 | $0 |
Renee Sharp Secretary | OfficerTrustee | 10 | $0 |
Samuel Dean Board Member | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $174,935 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,445 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $184,380 |
| Total Program Service Revenue | $77,233 |
| 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 | $261,613 |
| 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 | $13,741 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,822 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,090 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $13,002 |
| Information technology | $2,465 |
| 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 | $23,301 |
| Insurance | $14,656 |
| All other expenses | $177,196 |
| Total functional expenses | $310,514 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,789 |
| Savings and temporary cash investments | $31,708 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,485 |
| 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 | $813,873 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $902,855 |
| Accounts payable and accrued expenses | $752 |
| 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 | $752 |
| Net assets without donor restrictions | $902,103 |
| 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 | $902,855 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lake Arbor Foundation Inc has recieved totaling $44.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $44 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Recreation Vehicle Industry Association Inc Reston, VA | $74,296,220 | $17,630,703 |
Bretton Woods Recreation Center Inc Germantown, MD | $12,283,354 | $6,533,132 |
Raymond And Mirim Klein Jcc Philadelphia, PA | $5,761,678 | $5,591,664 |
Kaiserman Jewish Community Ctr Haverford, PA | $3,173,049 | $4,057,949 |
Woods Community Center Inc Severna Park, MD | $5,541,119 | $2,298,146 |
Kingsley Association Pittsburgh, PA | $9,182,378 | $1,988,387 |
Burkwood Recreation Association Inc Mechanicsville, VA | $4,730,258 | $2,143,788 |
Recreation Vehicle Dealers Association Of North America Fairfax, VA | $5,938,540 | $2,136,084 |
Miller Center For Recreation And Wellness Lewisburg, PA | $11,558,800 | $1,058,852 |
Yuma Study Center Inc Washington, DC | $17,833,358 | $1,267,842 |
Bel Air Recreation Committee Inc Bel Air, MD | $641,165 | $1,306,096 |
Kanawha Recreation Association Henrico, VA | $2,872,529 | $951,606 |