Big Lakes Foundation Inc
- Assets
- $3.5m
- Revenue
- $191.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Manhattan, KS
- Founding
- 07/1993
- Data as of
- 12/2022
- 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 12/2022, Big Lakes Foundation Inc generated $191.3k 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 (6.7%) each year. All expenses for the organization totaled $896.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Big Lakes Foundation Inc has awarded 11 individual grants totaling $2,226,000. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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 PAYMENTS TO BIG LAKES TO ASSIST WITH TECHNOLOGY EXPENSES.
PROVIDED PAYMENTS TO BIG LAKES TO ASSIST WITH WAGE ENHANCEMENTS FOR DIRECT SUPPORT STAFF.
PROVIDED ENDOWMENT PAYMENT TO SUPPORT BIG LAKES DEVELOPMENTAL CENTER, INC OPERATIONS.
PROVIDED FUNDS SUPPORT BIG LAKES DEVELOPMENTAL CENTER, INC. CAPITAL EXPENDITURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori B Feldkamp President | Officer | 2 | $0 |
Phillip K Korenek Chief Financial Officer | Officer | 2 | $0 |
Shon Robben Member | Trustee | 0 | $0 |
Patrick Schaub Member | Trustee | 0 | $0 |
Tom Carlin Member | Trustee | 0 | $0 |
M Jeff Oliphant Vice Chairperson | Officer | 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 | $594,727 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $594,727 |
| Total Program Service Revenue | $0 |
| Investment income | -$403,429 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $191,298 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $811,000 |
| 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 | $3,869 |
| 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 | $30,483 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $619 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,166 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $683 |
| All other expenses | $0 |
| Total functional expenses | $896,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $322,285 |
| Pledges and grants receivable | $145,000 |
| Accounts receivable, net | $236,000 |
| 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 | $2,791,363 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,495,160 |
| Accounts payable and accrued expenses | $1,067 |
| 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 | $1,067 |
| Net assets without donor restrictions | $3,113,093 |
| Net assets with donor restrictions | $381,000 |
| 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 | $3,495,160 |
Grants Awarded
Over the last fiscal year, Big Lakes Foundation Inc has awarded $811,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BIG LAKES DEVELOPMENTAL CENTER INC PURPOSE: Support for center operations and technology upgrades. | $211,000 |
BIG LAKES DEVELOPMENTAL CENTER INC PURPOSE: Support for center capital expenditures. | $250,000 |
BIG LAKES DEVELOPMENTAL CENTER INC PURPOSE: Annual endowment payment for support of operations. | $150,000 |
BIG LAKES DEVELOPMENTAL CENTER INC PURPOSE: Support for center wage enhancements for direct support staff. | $200,000 |