Lake Parks Foundation
- Assets
- $1.2m
- Revenue
- $334.1k
- Investments
- $23.3k
- Employees
- 0
- Location
- Wickliffe, OH
- Founding
- 02/1990
- Data as of
- 12/2021
- EIN
- 34-1627858
Organization Overview
Lake Parks Foundation is located in Wickliffe, OH. The organization was established in 1990. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Parks 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, Lake Parks Foundation generated $334.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.3% each year . All expenses for the organization totaled $64.2k during the year ending 12/2021. While expenses have increased by 20.3% 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 PROMOTE THE DEVELOPMENT OF PARKS, RECREATION, AND LEISURE SERVICES IN LAKE COUNTY; TO ENHANCE THE QUALITY OF LIFE IN LAKE COUNTY BY PRESERVING LAND, ENVIRONMENT, AND NATURAL HERITAGE; AND TO CREATE SIGNIFICANT OPPORTUNITIES BY CONSERVATION, EDUCATION, RECREATION, AND RELAXATION EITHER DIRECTLY OR BY CONTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501 (C) (3) OF THE INTERNAL REVENUE CODE AND ITS REGULATIONS AS THEY NOW EXIST OR AS THEY MAY HEREAFTER BE AMENDED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COME AND PLAY EXHIBIT AND DISPLAY AT THE PENITENTIARY GLEN. PHASE 2
LAND PURCHASE TO EXPAND PARK ALONG THE GRAND RIVER
NEW CLIMBING WALL AT EDUCATIONAL LEARNING CENTER
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Loretta Dakes Secretary & Trustee | OfficerTrustee | 3 | $0 |
Robert Dakes Treasurer & Trustee | OfficerTrustee | 5 | $0 |
Kevin Clinton President & Trustee | OfficerTrustee | 2 | $0 |
John Jr Antalovich Vice President & Trustee | Trustee | 2 | $0 |
Laura Lytle Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,717 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,717 |
| Total Program Service Revenue | $0 |
| Investment income | $40,779 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $272,564 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $334,060 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $61,851 |
| Grants and other assistance to domestic individuals. | $284 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $531 |
| Information technology | $392 |
| 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 | $0 |
| Insurance | $1,159 |
| All other expenses | $0 |
| Total functional expenses | $64,217 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,242 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $250 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $47,376 |
| Investments—publicly traded securities | $1,088,751 |
| Investments—other securities | $23,273 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,229,892 |
| Accounts payable and accrued expenses | $15,000 |
| 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 | $15,000 |
| Net assets without donor restrictions | $366,986 |
| Net assets with donor restrictions | $847,906 |
| 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 | $1,229,892 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lake Parks Foundation has recieved totaling $517.
| Awarding Organization | Amount |
|---|---|
Perkins Charitable Foundation Cleveland, OH PURPOSE: PHILANTHROPIC PURPOSES. | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $17 |
Endowment Analysis
| Beg. Balance | $969,368 |
| Earnings | $289,020 |
| Admin Expense | $2,081 |
| Net Contributions | $20,717 |
| Grants | $62,135 |
| Ending Balance | $1,214,889 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
West Creek Conservancy Parma, OH | $2,888,241 | $8,563,674 |
Friends Of The Detroit River Taylor, MI | $2,929,234 | $4,961,842 |
Earth Conservancy Ashley, PA | $31,704,256 | $2,874,276 |
Superior Watershed Partnership Marquette, MI | $4,349,166 | $4,309,607 |
Delaware Bay And River Cooperative Inc Linwood, PA | $4,814,583 | $3,275,578 |
Black Swamp Conservancy Perrysburg, OH | $12,036,158 | $4,862,475 |
Stream And Wetlands Foundation Lancaster, OH | $51,161,691 | $6,506,063 |
Stream Restoration Incorporated Mars, PA | $510,064 | $2,294,533 |
Schuylkill River Greenway Assn Pottstown, PA | $2,909,534 | $2,337,003 |
Huron River Watershed Council Ann Arbor, MI | $2,844,349 | $2,464,693 |
Grand Traverse Bay Watershed Initiative Inc Traverse City, MI | $737,164 | $2,236,720 |
Mountain Watershed Association Melcroft, PA | $2,851,063 | $2,159,477 |