Lakeview Cemetery Foundation
- Assets
- $9.0m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 10/1986
- Data as of
- 10/2023
- EIN
- 34-1429875
Organization Overview
Lakeview Cemetery Foundation is located in Cleveland, OH. The organization was established in 1986. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakeview Cemetery 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 10/2023, Lakeview Cemetery Foundation generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $3.2m during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE LAKE VIEW CEMETERY FOUNDATION WORKS TO ENSURE THAT THE BEAUTY OF LAKE VIEW CEMETERY'S HISTORIC BUILDINGS, MONUMENTS AND GARDENS, WILL BE PRESERVED FOR FUTURE GENERATIONS TO ENJOY; AND TO PROVIDE EDUCATIONAL OUTREACH PROGRAMS TO BENEFIT AND ENRICH THE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION AND COMMUNITY EVENTS: THE FOUNDATION CONDUCTS A MULTITUDE OF EDUCATIONAL AND COMMUNITY PROGRAMS AND EVENTS, SUCH AS CONCERTS, HOLIDAY CELEBRATIONS, WALKING AND TROLLEY TOURS. PLEASE REFER TO THE LAKE VIEW CEMETERY WEBSITE (WWW.LAKEVIEWCEMETERY.COM) FOR MORE INFORMATION.
HERITAGE PRESERVATION & CEMETERY ENHANCEMENTS: CAPITAL PROJECTS TO PRESERVE, IMPROVE AND ENHANCE THE HISTORICALLY AND ARCHITECTURALLY SIGNIFICANT BUILDINGS AND GROUNDS, INCLUDING TWO BUILDINGS LISTED ON THE NATIONAL REGISTER OF HISTORIC PLACES, THE JAMES A. GARFIELD MEMORIAL AND THE WADE MEMORIAL CHAPEL. PROVIDES ACCESS TO THE GENERAL PUBLIC TO THE HISTORY AND BEAUTY OF LAKE VIEW CEMETERY. A CAPITAL CAMPAIGN TO PROVIDE FUNDING FOR A SIGNIFICANT RESTORATION THE GARFIELD MEMORIAL, AS WELL AS OTHER CEMETERY PROJECTS, IS UNDERWAY.
HORTICULTURE: LAKE VIEW CEMETERY WAS RECENTLY ACCREDITED AS A LEVEL II CERTIFIED ARBORETUM AS AN ORGANIZATIONS THAT SERVES AS A MODEL FOR SUSTAINABLE HORTICULTURAL PRACTICES, PUBLIC EDUCATION, AND URBAN GREENSPACE. OUR 285 ACRES CONTAIN A SHOWCASE OF TREES AND SHRUBBERY, CULTIVATED FOR SCIENTIFIC, ORNAMENTAL AND EDUCATIONAL PURPOSES. LAKE VIEW IS FORTUNATE TO STEWARD SEVEN "MOSES CLEAVELAND" TREES, WHICH WOULD HAVE BEEN STANDING WHEN MOSES CLEAVELAND FOUNDED THE CITY. OF THE ORIGINAL 150 TREES IDENTIFIED IN 1946, ONLY 77 REMAIN. NOW AT OVER 225 YEARS OLD, THESE MAJESTIC WONDERS GREATLY CONTRIBUTE NUMEROUS ENVIRONMENTAL BENEFITS TO OUR COMMUNITY, AND AS HISTORIC LANDMARKS, LAKE VIEW ACKNOWLEDGES THE GREAT RESPONSIBILITY OF CONTINUING TO PROTECT THEM. THE FOUNDATION SUPPORTS THE CARE AND PROTECTION OF OLDER, ESTABLISHED TREES AS WELL AS CONTINUED PLANTING OF NEW TREES AND MAINTENANCE OF THE VARIED LANDSCAPE DESIGN THROUGHOUT THE PROPERTY. SUPPORT FOR THE TREE CANOPY IS PART OF THE OVERALL CAPITAL CAMPAIGN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katharine Goss Pres & CEO Of Lvc Assoc | Officer | 8 | $0 |
Danielle Paskowski Financial Officer | Officer | 6 | $0 |
| Officer | 50 | $0 | |
Kathleen H Barrie Vice Chair | Trustee | 1 | $0 |
William G Batcheller Director | Trustee | 1 | $0 |
Ryan Cross Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Davey Tree Expert Company Tree Trimming And Planting | 10/30/22 | $313,344 |
Donley's Restoration Of Garfield Memorial | 10/30/22 | $170,776 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $35,605 |
| Related organizations | $0 |
| Government grants | $37,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,150,963 |
| Noncash contributions included in lines 1a–1f | $16,785 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,224,068 |
| Total Program Service Revenue | $50,757 |
| Investment income | $219,590 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $149,858 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,644,273 |
| 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. | $199,206 |
| Compensation of current officers, directors, key employees. | $38,923 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $354,381 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $114,485 |
| Payroll taxes | $94,108 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,000 |
| Fees for services: Lobbying | $72,425 |
| Fees for services: Fundraising | $2,068 |
| Fees for services: Investment Management | $23,311 |
| Fees for services: Other | $87,576 |
| Advertising and promotion | $26,097 |
| Office expenses | $95,691 |
| Information technology | $3,335 |
| Royalties | $0 |
| Occupancy | $72,167 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,282 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $18,856 |
| All other expenses | $0 |
| Total functional expenses | $3,171,631 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $521,270 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $811,508 |
| 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 | $24,021 |
| Prepaid expenses and deferred charges | $19,582 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,597,674 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,974,055 |
| Accounts payable and accrued expenses | $1,211,726 |
| Grants payable | $0 |
| Deferred revenue | $3,755 |
| 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 | $1,215,481 |
| Net assets without donor restrictions | $3,521,294 |
| Net assets with donor restrictions | $4,237,280 |
| 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 | $8,974,055 |