Lakeland Community Foundation
- Assets
- $0.0
- Revenue
- $248.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Amherst, OH
- Founding
- Data as of
- 12/2018
- EIN
- 34-1457279
Organization Overview
Lakeland Community Foundation is located in Amherst, OH.
For the year ending 12/2018, Lakeland Community Foundation generated $248.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 37.3% each year . All expenses for the organization totaled $1.4m during the year ending 12/2018. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul C Balcom President & CEO | 15 | $25,000 | |
Herman R Kopf Vice Chairman | 1 | $0 | |
Jack A Elliott Chairman | 2 | $0 | |
Cathy Edietlin Vice President & COO | 10 | $0 | |
David L Herzer Secretary | 1 | $0 | |
James F Kidd Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $16,559 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $228,084 |
| Capital Gain Net Income | $228,084 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $248,643 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $509 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,444 |
| Total operating and administrative expenses | $142,217 |
| Contributions, gifts, grants paid | $1,254,703 |
| Total expenses and disbursements | $1,396,920 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Lakeland Community Foundation has awarded $1,254,703 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY OF LORAIN COUNTY PURPOSE: GENERAL OPERATING EXPENSES | $1,000 |
AMERICAN RED CROSS PURPOSE: GENERAL OPERATING EXPENSES | $500 |
CAMP IDEAS PURPOSE: GENERAL OPERATING EXPENSES | $1,000 |
COMMUNITY FOUNDATION OF LORAIN COUNTY PURPOSE: GENERAL OPERATING EXPENSES | $898,203 |
EL CENTRO LORAIN PURPOSE: GENERAL OPERATING EXPENSES | $800 |
LORAIN COUNTY COMMUNITY COLLEGE FOUNDATION PURPOSE: GENERAL OPERATING EXPENSES | $141,100 |