Lake Community Foundation Inc
- Assets
- $444.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Eustis, FL
- Founding
- 10/2006
- Data as of
- 04/2024
- EIN
- 51-0497006
Organization Overview
Lake Community Foundation Inc is located in Eustis, FL. The organization was established in 2006. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Community 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 04/2024, Lake Community Foundation Inc generated $2.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (46.8%) each year. All expenses for the organization totaled $5.3k during the year ending 04/2024. As we would expect to see with falling revenues, expenses have declined by (43.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THIS ORGANIZATION IS TO PROVIDE A COMMUNITY FOUNDATION THROUGH WHICH PHILANTROPISTS CAN SUPPORT THEIR FAVORITE CHARITIES AND TO USE ITS ENDOWMENTS FOR THE BENEFIT OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3
OPERATION OF GIVING CIRCLE DEDICATED TO HOMELESS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Hofmeister Chairman | 1 | $0 | |
Richard A Paul Treasurer | 1 | $0 | |
Mark Brewer Director | 1 | $0 | |
Anita Young Director | 1 | $0 | |
John R Prickett Director | 1 | $0 | |
Ann Huffstetler Rou Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2,710 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $2,710 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,134 |
| Occupancy, rent, utilities, and maintenance | $3,000 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,135 |
| Total expenses | $5,269 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $129,137 |
| Other assets | $0 |
| Total assets | $444,137 |
| Total liabilities | $0 |
| Net assets or fund balances | $444,137 |