East Lake Foundation Inc

Organization Overview

East Lake Foundation Inc is located in Atlanta, GA. The organization was established in 1996. 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. As of 12/2021, East Lake Foundation Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East Lake 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, East Lake Foundation Inc generated $30.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.9% each year . All expenses for the organization totaled $7.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, East Lake Foundation Inc has awarded 67 individual grants totaling $35,576,389. 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE EAST LAKE FOUNDATION PROVIDES THE TOOLS FOR FAMILIES OF THE VILLAGES OF EAST LAKE AND STUDENTS OF DREW CHARTER SCHOOL TO BUILD A BETTER LIFE FOR THEMSELVES AND FUTURE GENERATIONS THROUGH EDUCATION, MIXED-INCOME HOUSING, AND COMMUNITY WELLNESS.

Describe the Organization's Program Activity:

STUDENT SUPPORT PROGRAM - PROVIDED AFTER SCHOOL PROGRAMS AND ADMINISTRATIVE SUPPORT TO STUDENTS OF DREW CHARTER SCHOOL AND EAST LAKE COMMUNITY.


RESIDENT AND COMMUNITY SUPPORT PROGRAM SUPPORTS THE FAMILIES IN THE EAST LAKE COMMUNITY THROUGH ECONOMIC STABILITY AND COMMUNITY ENGAGEMENT PROGRAMMING.


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Board, Officers & Key Employees

Name (title)Compensation
Daniel Shoy Jr
Immediate Past President
$222,049
Catherine H Woodling
Secretary
$154,457
Meisha White
Treasurer
$123,476
Chris Womack
Chair
$0
Charles Palmer
Board Member
$0
Alex Robertson
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$965,856
Related organizations$0
Government grants $167,000
All other contributions, gifts, grants, and similar amounts not included above$29,131,980
Noncash contributions included in lines 1a–1f $22,756,146
Total Revenue from Contributions, Gifts, Grants & Similar$30,264,836
Total Program Service Revenue$0
Investment income $219,863
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $143,349
Net Income from Fundraising Events -$219,115
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $30,410,500

Grants Awarded

Over the last fiscal year, East Lake Foundation Inc has awarded $3,325,190 in support to 7 organizations.

Grant RecipientAmount

EAST LAKE FAMILY YMCA

Org PageRecipient Profile

Atlanta, GA

PURPOSE: OPERATIONAL SUPPORT

$2,129,674

DREW CHARTER SCHOOL

Org PageRecipient Profile

Atlanta, GA

PURPOSE: OPERATIONAL SUPPORT

$557,500

FIRST TEE - METRO ATLANTA

Org PageRecipient Profile

Atlanta, GA

PURPOSE: OPERATIONAL SUPPORT

$225,000

THE SHELTERING ARMS

Org PageRecipient Profile

Atlanta, GA

PURPOSE: OPERATIONAL SUPPORT

$160,000

EDUCATIONAL HOLDINGS FOUNDATION

Org PageRecipient Profile

Atlanta, GA

PURPOSE: OPERATIONAL SUPPORT

$100,000

ATLANTA SPEECH SCHOOL

Org PageRecipient Profile

Atlanta, GA

PURPOSE: OPERATIONAL SUPPORT

$85,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that East Lake Foundation Inc has recieved totaling $15,000.

Awarding OrganizationAmount
Aec Trust

Wilmington, DE

PURPOSE: SOUND LEARNING MUSIC EDUCATION COLLABORATIVE

$10,000
Beard-Payne Family Foundation Inc

Atlanta, GA

PURPOSE: REVITALIZE THE COMMUNITY

$5,000
View Grant Recipient Profile

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