Big Lakes Foundation Inc
- Assets
- $4.5m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Manhattan, KS
- Founding
- 07/1993
- Data as of
- 12/2021
- EIN
- 48-1134341
Organization Overview
Big Lakes Foundation Inc is located in Manhattan, KS. The organization was established in 1993. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Big Lakes Foundation Inc 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, Big Lakes Foundation Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 50.9% each year . All expenses for the organization totaled $387.7k during the year ending 12/2021. While expenses have increased by 42.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BIG LAKES FOUNDATION, INC.'S MISSION IS TO SERVE AS THE FUNDRAISING ORGANIZATION FOR BIG LAKES DEVELOPMENTAL CENTER, INC. AND SUPPORT ITS MISSION OF SERVICE FOR PEOPLE WITH INTELLECTUAL OR DEVELOPMENTAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED A ONE TIME PAYMENT TO BIG LAKES TO ASSIST WITH TECHNOLOGY EXPENSES.
PROVIDED ENDOWMENT PAYMENT TO SUPPORT BIG LAKES DEVELOPMENTAL CENTER, INC OPERATIONS.
PROVIDED FUNDS DURING COVID-19 PANDEMIC TO SUPPORT BIG LAKES DEVELOPMENTAL CENTER, INC. OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phillip K Korenek Chief Financial Officer | Officer | 2 | $0 |
Lori B Feldkamp President | Officer | 2 | $0 |
Larry Weigel Secretary/treasurer | Officer | 0 | $0 |
M Jeff Oliphant Vice Chairperson | Officer | 0 | $0 |
Gregg Masterson Chairperson | Officer | 0 | $0 |
Shon Robben Member | Trustee | 0 | $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 | $343,786 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $343,786 |
| Total Program Service Revenue | $0 |
| Investment income | $662,668 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,917 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,008,371 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $320,000 |
| 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 | $0 |
| Fees for services: Accounting | $3,489 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $36,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $20,997 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $60 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,503 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $683 |
| All other expenses | $0 |
| Total functional expenses | $387,732 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $542,549 |
| Pledges and grants receivable | $86,797 |
| Accounts receivable, net | $56,500 |
| 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 | $512 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,804,424 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,490,782 |
| 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 | $4,347,485 |
| Net assets with donor restrictions | $143,297 |
| 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 | $4,490,782 |
Grants Awarded
Over the last fiscal year, Big Lakes Foundation Inc has awarded $320,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Manhattan, KS PURPOSE: COVID-19 financial support for operations. | $136,000 |
Manhattan, KS PURPOSE: Annual endowment payment for support of operations. | $120,000 |
Manhattan, KS PURPOSE: Support for center operations and technology upgrades. | $64,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Big Lakes Foundation Inc has recieved totaling $193,950.
| Awarding Organization | Amount |
|---|---|
Sunderland Foundation Overland Park, KS PURPOSE: UPGRADE TECHNOLOGY SERVICES | $100,000 |
Greater Manhattan Community Foundation Manhattan, KS PURPOSE: 4TH QUARTER 2020 MATCH | $60,950 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $20,000 |
Jack Goldstein Charitable Trust Manhattan, KS PURPOSE: GENERAL SUPPORT | $10,000 |
Weary Family Foundation Overland Park, KS PURPOSE: GENERAL OPERATING SUPPORT - PUBLIC WELFARE | $3,000 |
Endowment Analysis
| Beg. Balance | $3,870,143 |
| Earnings | $664,585 |
| Admin Expense | $39,191 |
| Net Contributions | $343,786 |
| Other Expense | $28,541 |
| Grants | $320,000 |
| Ending Balance | $4,490,782 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Communities Foundation Of Oklahoma Inc Oklahoma City, OK | $155,793,943 | $76,729,791 |
Impact Investing Charitable Foundation Inc Overland Park, KS | $59,629,063 | $92,847,262 |
Veterans United Foundation Columbia, MO | $54,107,159 | $30,165,811 |
Nebraska Philanthropic Trust Omaha, NE | $2,416,213 | $1,885,786 |
Omni Behavioral Health Omaha, NE | $19,278,605 | $23,477,571 |
Stifel Charitable Inc St Louis, MO | $132,307,100 | $94,589,551 |
Amg Charitable Gift Foundation Greenwood Village, CO | $149,608,626 | $31,189,759 |
Faith Charitable Trust Omaha, NE | $0 | $922,113 |
Peopleforbikes Foundation Boulder, CO | $3,836,789 | $4,747,548 |
Olathe Health System Inc Olathe, KS | $604,759,622 | $8,223,691 |
Coxhealth Foundation Springfield, MO | $33,244,463 | $11,374,415 |
Colorado Springs Health Foundation Colorado Springs, CO | $192,761,783 | $20,158,263 |