Lake Of The Woods Lions Club Foundation Inc
- Assets
- $401.2k
- Revenue
- $148.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Locust Grove, VA
- Founding
- 10/1999
- Data as of
- 06/2023
- EIN
- 54-1905849
Organization Overview
Lake Of The Woods Lions Club Foundation Inc is located in Locust Grove, VA. The organization was established in 1999. According to its NTEE Classification (T01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2023, Lake Of The Woods Lions Club Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Of The Woods Lions Club 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 06/2023, Lake Of The Woods Lions Club Foundation Inc generated $148.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $106.1k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CARRY OUT CHARITABLE ACTIVITIES INCLUDING BUT NOT LIMITED TO ACTIVITIES BENEFITING THE POOR DISADVANTAGED INDIGENT AND OTHERS WHO ARE IN NEED AND OTHER CHARITABLE AND COMMUNITY PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOCAL FOOD & UTILITIES SUPPORT TO THE NEEDY. WE OPERATE THE WILDERNESS FOOD PANTRY. WE PROVIDE FOOD WEEKLY TO ABOUT 160 FAMILIES OVER 300 PEOPLE. WE PROVIDE ABOUT 70 TONS OF FOOD AND OVER 3,000 VOLUNTEER HOURS. THE FOUNDATION'S 2 PART-TIME EMPLOYEES ARE AT THE FOOD PANTRY. OUR COMMUNITY EMERGENCY SERVICES COMMITTEE DOES GRANTS TO PROVIDE RENT AND UTILITY SUPPORT TO PEOPLE IN DANGER OF LOSING THEIR HOMES OR HAVING UTILITIES SHUT OFF.
CLASSROOM GRANTS AND SCHOLARSHIPS. WE PROVIDE POST-SECONDARY SCHOLARSHIPS TO STUDENTS AND GRANTS TO LOCAL TEACHERS TO PROVIDE INNOVATIVE INSTRUCTION PROGRAMS IN THE CLASSROOM.
COMMUNITY NEEDS GRANTS. EACH YEAR WE SOLICIT NON-PROFITS IN OUR AREA TO SUBMIT APPLICATIONS FOR ONE-TIME GRANTS FOR ARTICLES OR SERVICES TO IMPROVE THEIR PROGRAMS. WE HAVE A COMMITTEE THAT EVALUATES THESE APPLICATIONS THEN MAKES RECOMMENDATIONS TO THE BOARD ON FUNDING TO BE PROVIDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Buell President | OfficerTrustee | 10 | $0 |
Dick Unser 1st Vice President | OfficerTrustee | 8 | $0 |
Cathy Hix 2nd Vice President | OfficerTrustee | 2 | $0 |
Bill Kay Immediate Past President | Trustee | 2 | $0 |
Lee Merrell Treasurer | OfficerTrustee | 9 | $0 |
John Schumitz Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,896 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $51,585 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,481 |
| Total Program Service Revenue | $0 |
| Investment income | $4,530 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,926 |
| Net Income from Fundraising Events | -$3,585 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $96,625 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $148,125 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $36,996 |
| Grants and other assistance to domestic individuals. | $28,445 |
| 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 | $9,286 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $347 |
| Payroll taxes | $699 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,476 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $659 |
| Information technology | $105 |
| Royalties | $0 |
| Occupancy | $8,654 |
| 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 | $7,832 |
| Total functional expenses | $106,096 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,244 |
| Savings and temporary cash investments | $50,085 |
| 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 | $193,915 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $401,244 |
| 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 | $193,915 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $207,329 |
| Total liabilities and net assets/fund balances | $401,244 |