Lake Geneva Foundation
- Assets
- $7.0m
- Revenue
- $4.4m
- Investments
- $174.5k
- Employees
- 170
- Location
- Lake Geneva, WI
- Founding
- 08/1951
- Data as of
- 12/2023
- 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 12/2023, Lake Geneva Foundation employed 170 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 12/2023, Lake Geneva Foundation generated $4.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $3.0m during the year ending 12/2023. While expenses have increased by 0.6% per year over the past 9 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
2023
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 |
|---|---|---|---|
Brian Pollard Director | Trustee | 5 | $0 |
John Campbell Director | Trustee | 5 | $0 |
Bruce Everhart Vice-Chairman | Trustee | 5 | $0 |
Gary Meisner Chairman (past) | Trustee | 10 | $0 |
Ari Heick Director | Trustee | 5 | $0 |
Kirk Elliott Chairman | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $114,639 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,988,831 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,103,470 |
| Total Program Service Revenue | $2,301,205 |
| Investment income | $21,444 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$11,138 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,438,861 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $208,160 |
| Grants and other assistance to domestic individuals. | $78,792 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $111,408 |
| Compensation of current officers, directors, key employees. | $111,408 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,052,445 |
| Pension plan accruals and contributions | $16,770 |
| Other employee benefits | $37,275 |
| Payroll taxes | $84,413 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,902 |
| Fees for services: Accounting | $9,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,979 |
| Advertising and promotion | $50,802 |
| Office expenses | $80,386 |
| Information technology | $26,330 |
| Royalties | $0 |
| Occupancy | $264,481 |
| Travel | $4,995 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $28,477 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $292,130 |
| Insurance | $65,225 |
| All other expenses | $7,407 |
| Total functional expenses | $3,019,314 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $233,719 |
| Savings and temporary cash investments | $2,575,667 |
| Pledges and grants receivable | $1,050,000 |
| Accounts receivable, net | $135,523 |
| 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 | $7,429 |
| Net Land, buildings, and equipment | $2,249,826 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $174,549 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $554,978 |
| Total assets | $6,981,691 |
| Accounts payable and accrued expenses | $309,534 |
| Grants payable | $0 |
| Deferred revenue | $381,628 |
| 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 | $400,190 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,091,352 |
| Net assets without donor restrictions | $4,148,071 |
| Net assets with donor restrictions | $1,742,268 |
| 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 | $6,981,691 |