Lakeville Public Safety Foundation
- Assets
- $73.6k
- Revenue
- $82.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Lakeville, MN
- Founding
- 09/2015
- Data as of
- 12/2022
- EIN
- 47-1004333
Organization Overview
Lakeville Public Safety Foundation is located in Lakeville, MN. The organization was established in 2015. According to its NTEE Classification (M12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakeville Public Safety 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 12/2022, Lakeville Public Safety Foundation generated $82.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $87.2k during the year ending 12/2022. While expenses have increased by 8.9% per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTING PUBLIC SAFETY BY ENHANCING THE CAPABILITIES OF THE LAKEVILL POLICE DEPARTMENT AND LAKEVILLE FIRE DEPARTMENT BY PROVIDING FINANCIAL ASSISTANCE FOR COMMUNITY-BASED PUBLIC SAFETY PROGRAMS, EVENTS, PROCESSES, AND NONESSENTIAL OPERATIONAL TOOLS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTED PUBLIC SAFETY BY ENHANCING THE CAPABILITIES OF THE LAKEVILLE POLICE DEPARTMENT BY PROVIDING CASH AND IN-KIND CONTRIBUTIONS SUCH AS: SUPPLIES, EQUIPMENT, TRAINING TUITION TO THE DEPARTMENT
PROMOTED PUBLIC SAFETY BY ENHANCING THE CAPABILITIES OF THE LAKEVILLE FIRE DEPARTMENT BY PROVIDING CASH AND IN-KIND CONTRIBUTIONS SUCH AS: SUPPLIES, EQUIPMENT, AND TRAINING TUITION TO THE DEPARTMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shanen Corlett President | OfficerTrustee | 5 | $0 |
Jim Kretsch Director | Trustee | 5 | $0 |
Patti Mcdonald Director | Trustee | 5 | $0 |
Stephanie Scherer Vice President | OfficerTrustee | 5 | $0 |
Sarah Smith-Larkin Treasurer | OfficerTrustee | 5 | $0 |
Kirstin Specht Secretary | OfficerTrustee | 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 | $2,119 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,119 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $74,406 |
| Net Income from Gaming Activities | $6,147 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $82,672 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $72,642 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $465 |
| Fees for services: Accounting | $275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,300 |
| Advertising and promotion | $7,024 |
| Office expenses | $890 |
| Information technology | $458 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $87,203 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,647 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $73,647 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $73,647 |
| Total liabilities and net assets/fund balances | $73,647 |
Grants Awarded
Over the last fiscal year, Lakeville Public Safety Foundation has awarded $28,130 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF LAKEVILLE PURPOSE: Provide Updated Equipment to Police | $20,737 |
ROGUE PURPOSE: Update workout room equipment | $7,393 |