Lake Geneva Foundation
- Assets
- $4.6m
- Revenue
- $2.5m
- Investments
- $185.0k
- Employees
- 111
- Location
- Lake Geneva, WI
- Founding
- 08/1951
- Data as of
- 12/2021
- EIN
- 39-0922378
Organization Overview
Lake Geneva Foundation is located in Lake Geneva, WI. The organization was established in 1951. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Lake Geneva Foundation employed 111 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Geneva 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 Geneva Foundation generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
YOUTH CAMP AND ADULT CONFERENCE CENTER
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILDRENS YOUTH CAMP AND ADULT CONFERENCE GROUPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christian Snedeker Executive Director | Officer | 40 | $89,615 |
John Campbell Director | Trustee | 5 | $0 |
Gary Meisner Chairman | Trustee | 10 | $0 |
Kirk Elliott Vice-Chairman | Trustee | 5 | $0 |
Mark Keller Treasurer | Trustee | 10 | $0 |
Jason Clark Director | Trustee | 5 | $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 | $866,528 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $866,528 |
| Total Program Service Revenue | $1,193,841 |
| Investment income | $7,781 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $38,697 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,498,467 |
| 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. | $89,615 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $631,039 |
| Pension plan accruals and contributions | $12,972 |
| Other employee benefits | $47,323 |
| Payroll taxes | $54,626 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,381 |
| Advertising and promotion | $47,834 |
| Office expenses | $32,981 |
| Information technology | $27,219 |
| Royalties | $0 |
| Occupancy | $104,823 |
| Travel | $1,103 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,692 |
| Interest | $17,521 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $348,703 |
| Insurance | $41,222 |
| All other expenses | $141,327 |
| Total functional expenses | $2,116,671 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153,039 |
| Savings and temporary cash investments | $1,246,112 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,582 |
| 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 | $6,518 |
| Net Land, buildings, and equipment | $2,271,379 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $184,997 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $745,417 |
| Total assets | $4,616,044 |
| Accounts payable and accrued expenses | $93,897 |
| Grants payable | $0 |
| Deferred revenue | $95,467 |
| 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 | $445,115 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $634,479 |
| Net assets without donor restrictions | $2,921,510 |
| Net assets with donor restrictions | $1,060,055 |
| 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 | $4,616,044 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Lake Geneva Foundation has recieved totaling $131,133.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $41,000 |
Stenkirke Family Foundation Siloam Springs, AR PURPOSE: LGYC CAMPUS FUND | $40,000 |
Four1 Foundation Siloam Springs, AR PURPOSE: CHARITABLE | $20,000 |
Lefkovitz Foundation Elkhorn, WI PURPOSE: EDUCATION | $15,000 |
American Endowment Foundation Hudson, OH PURPOSE: YOUTH DEVELOPMENT | $10,000 |
Tellabs Foundation Downers Grove, IL PURPOSE: GENERAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bill Winston Ministries Forest Park, IL | $6,676,875 | $15,498,938 |
Loaves And Fishes Too Minneapolis, MN | $3,481,660 | $16,298,899 |
Pulse Outreach Minneapolis, MN | $16,852,358 | $21,090,149 |
Breakthrough Urban Ministries Inc Chicago, IL | $9,536,563 | $12,933,979 |
Christian Buehler Memorial Peoria, IL | $194,168,877 | $24,390,628 |
Desiring God Ministries Minneapolis, MN | $8,654,171 | $9,657,693 |
American Lutheran Church-Northland Luthern Services For The Elderly Marinette, WI | $6,079,717 | $8,121,825 |
Resourcing Christian Education International Nfp Wheaton, IL | $4,529,324 | $9,552,178 |
Freedom From Religion Foundation Inc Madison, WI | $25,982,708 | $9,398,786 |
Mission Eurasia Wheaton, IL | $4,079,309 | $7,777,222 |
Praying Pelican Missions Minneapolis, MN | $539,673 | $5,474,608 |
Refugeeone Chicago, IL | $12,176,477 | $10,528,802 |