Lakeside Association
- Assets
- $21.9m
- Revenue
- $14.9m
- Investments
- $0.0
- Employees
- 318
- Location
- Lakeside, OH
- Founding
- 11/1937
- Data as of
- 03/2023
- EIN
- 34-4427938
Organization Overview
Lakeside Association is located in Lakeside, OH. The organization was established in 1937. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 03/2023, Lakeside Association employed 318 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakeside Association 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 03/2023, Lakeside Association generated $14.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $12.4m during the year ending 03/2023. While expenses have increased by 5.2% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE RELIGIOUS, EDUCATIONAL, CULTURAL, RECREATIONAL, AND MUNICIPAL SERVICES.
Describe the Organization's Program Activity:
PROVIDES RELIGIOUS, EDUCATIONAL, CULTURAL, AND RECREATIONAL PROGRAMS UPON THE PLAN OR SYSTEM KNOWN AS THE CHAUTAUQUA PLAN TO LAKESIDE RESIDENTS AND GUESTS; A CHAUTAUQUA COMMUNITY HISTORICALLY ASSOCIATED WITH THE METHODIST CHURCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Anderson Board Chairperson | OfficerTrustee | 20 | $0 |
Jane Marx Board Vice Chairperson | OfficerTrustee | 12 | $0 |
Yvette Van Riper Board Secretary | OfficerTrustee | 3 | $0 |
Terry Tomlinson Board Assistant Secretary | OfficerTrustee | 3 | $0 |
Cindy Mahl Board Treasurer | OfficerTrustee | 3 | $0 |
Todd Fowler Board Assistant Treasurer | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $338,168 |
| Government grants | $558,112 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,334,577 |
| Noncash contributions included in lines 1a–1f | $5,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,230,857 |
| Total Program Service Revenue | $10,622,219 |
| Investment income | $39,472 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$52,117 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,876,431 |
| 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 | $4,205,751 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $591,590 |
| Payroll taxes | $334,896 |
| Fees for services: Management | $134,728 |
| Fees for services: Legal | $113,840 |
| Fees for services: Accounting | $34,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $43,916 |
| Fees for services: Other | $130,455 |
| Advertising and promotion | $449,020 |
| Office expenses | $423,375 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $617,930 |
| Travel | $651,326 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $67,563 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $973,763 |
| Insurance | $203,979 |
| All other expenses | $647,925 |
| Total functional expenses | $12,397,395 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,200,768 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,298,039 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,733 |
| Prepaid expenses and deferred charges | $139,684 |
| Net Land, buildings, and equipment | $14,469,727 |
| Investments—publicly traded securities | $789,886 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,907,837 |
| Accounts payable and accrued expenses | $695,523 |
| Grants payable | $0 |
| Deferred revenue | $1,218,544 |
| 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 | $1,500,581 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,414,648 |
| Net assets without donor restrictions | $16,017,843 |
| Net assets with donor restrictions | $2,475,346 |
| 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 | $21,907,837 |