Lake Trust Credit Union Foundation

Organization Overview

Lake Trust Credit Union Foundation is located in Brighton, MI. The organization was established in 2012. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Trust Credit Union 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 Trust Credit Union Foundation generated $344.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.8% each year . All expenses for the organization totaled $126.2k during the year ending 12/2021. While expenses have increased by 21.1% 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.

Since 2018, Lake Trust Credit Union Foundation has awarded 22 individual grants totaling $212,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE LAKE TRUST CREDIT UNION FOUNDATION'S PRIMARY PURPOSE IS TO CREATE HEALTHY AND VIBRANT COMMUNITIES THROUGH EDUCATING, ENGAGING AND GIVING IN THE AREAS OF ECONOMIC EMPOWERMENT AND COMMUNITY ENHANCEMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LAKE TRUST CREDIT UNION FOUNDATION AWARDS GRANTS TO ORGANIZATIONS WHOSE PURPOSE AND CORE VALUE IS TO MAKE A DIFFERENCE BY INVESTING IN COMMUNITY DEVELOPMENT, HEALTH AND THE ARTS, CREATING VIBRANT NEIGHBORHOODS, A STRONGER MICHIGAN, AND A BETTER WORLD. SPECIFICALLY, THE LAKE TRUST CREDIT UNION FOUNDATION AWARDED THREE GRANTS TOTALING $23,000. THIS WAS PROVIDED TO ASSIST WITH VARIOUS PROGRAMS IN MICHIGAN FOR HOUSING, INVESTING, AND TEEN PROGRAMS.


THE LAKE TRUST CREDIT UNION FOUNDATION AWARDED SIX GRADUATING MICHIGAN HIGH SCHOOL SENIORS A VARYING DOLLAR AMOUNT SCHOLARSHIP TOTALING $30,000 TO ATTEND A MICHIGAN UNIVERSITY, COLLEGE OR VOCATIONAL SCHOOL.


THE LAKE TRUST CREDIT UNION FOUNDATION AWARDED COMMUNITY ORGANIZATIONS $55,000, COMMUNITY FOOD BANKS $9,750 AND ASSISTANCE PROGRAMS THROUGHOUT MID-MICHIGAN A TOTAL OF $1,516. THIS WILL HELP TO SUPPORT COMMUNITY DEVELOPMENT AND FAMILIES IN NEED WITH FOOD AND PERSONAL SUPPLIES THROUGHOUT THE YEAR.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$96,550
Related organizations$140,277
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$113,214
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$350,041
Total Program Service Revenue$0
Investment income $103
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$5,529
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $344,615

Grants Awarded

Over the last fiscal year, Lake Trust Credit Union Foundation has awarded $66,500 in support to 7 organizations.

Grant RecipientAmount

SOS COMMUNITY SERVICES

Org PageRecipient Profile

Ypsilanti, MI

PURPOSE: COMMUNITY AID

$10,000

LAKESHORE RESCUE MISSIONS

Org PageRecipient Profile

Holland, MI

PURPOSE: COMMUNITY AID

$10,000

Pontiac, MI

PURPOSE: COMMUNITY AID

$10,000

Ypsilanti, MI

PURPOSE: COMMUNITY AID

$10,000

Midland, MI

PURPOSE: COMMUNITY AID

$10,000

GLEANER'S FOOD BANK

Org PageRecipient Profile

Detroit, MI

PURPOSE: COMMUNITY AID

$8,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Lake Trust Credit Union Foundation has recieved totaling $140,305.

Awarding OrganizationAmount
Credit Unions Chartered In The State Of Michigan

Brighton, MI

PURPOSE: COMMUNITY ASSISTANCE LAKE TRUST EMPLOYEE ASSISTANCE

$140,277
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$28
View Grant Recipient Profile

Peer Organizations

Organization NameAssets
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Clinton Township, MI
$87,127,217
Ohio Living Holdings
Westerville, OH
$48,267,325
Newcap Inc
Oconto, WI
$33,388,655
Life Circles
Muskegon, MI
$31,605,005
Independence First Inc
Milwaukee, WI
$27,006,891
Adec Inc
Bristol, IN
$22,045,756
Training & Treatment Innovations Inc
Oxford, MI
$19,202,444
Michigan Community Services Inc
Swartz Creek, MI
$17,419,566
Buckeye Plain Ministry Group
Middlefield, OH
$15,353,471
Bridgeway Academy
Columbus, OH
$12,055,177
Community Living Alliance Inc
Madison, WI
$9,392,799
Consumer Services Inc
Mason, MI
$9,133,531

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