Cedar Lake Foundation Inc
- Assets
- $28.7m
- Revenue
- $1.6m
- Investments
- $34.2k
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 06/1986
- Data as of
- 12/2023
- EIN
- 61-1093278
Organization Overview
Cedar Lake Foundation Inc is located in Louisville, KY. The organization was established in 1986. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cedar 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 12/2023, Cedar Lake Foundation Inc generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (11.5%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (12.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Cedar Lake Foundation Inc has awarded 31 individual grants totaling $14,074,411. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CEDAR LAKE FOUNDATION, INC. IS DEFINED BY THE IRS AS A 501(C)(3) NONPROFIT AND (SEE SCHEDULE O) "PUBLIC CHARITY" UNDER SECTION 509(A)(1) AND PERFORMS FUNDRAISING, FUND MANAGEMENT, FUND DISTRIBUTIONS, MARKETING AND COMMUNICATIONS TO SUPPORT THE MISSION OF CEDAR LAKE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT AND GRANTS:CEDAR LAKE FOUNDATION HOLDS, MANAGES, INVESTS AND DISTRIBUTES FUNDS TO THE SUBSIDIARIES OF CEDAR LAKE, INC. CEDAR LAKE FOUNDATION PROVIDES GRANTS AND FINANCIAL ASSISTANCE TO CEDAR LAKE LODGE AND CEDAR LAKE RESIDENCES FOR INDIVIDUALS SUPPORTED BY CEDAR LAKE. CEDAR LAKE LODGE OPERATES INTERMEDIATE CARE FACILITIES SERVING 87 PERSONS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES. CEDAR LAKE RESIDENCES DELIVERS A WIDE ARRAY OF COMMUNITY-BASED RESIDENTIAL OPTIONS, COMMUNITY ACCESS, SUPPORTED EMPLOYMENT, ADULT DAY AND OTHER IN-HOME SUPPORT TO ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES. DURING 2023, CEDAR LAKE FOUNDATION ASSISTED 201 INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES THROUGH FULL OR PARTIAL SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Cooksey Director | Trustee | 1 | $0 |
Vaughn Bell Chair | OfficerTrustee | 1 | $0 |
Jerry Roby Vice-Chair | OfficerTrustee | 1 | $0 |
Barbara Ford Secretary | OfficerTrustee | 1 | $0 |
Bridget Lavin Rohlfing Director | Trustee | 1 | $0 |
John Nordstrom Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $299,329 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $756,811 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,056,140 |
| Total Program Service Revenue | $0 |
| Investment income | $802,248 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$188,984 |
| Net Income from Fundraising Events | -$75,831 |
| Net Income from Gaming Activities | $35,404 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,631,662 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $346,758 |
| 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 | $268,343 |
| Pension plan accruals and contributions | $8,179 |
| Other employee benefits | $18,484 |
| Payroll taxes | $20,367 |
| Fees for services: Management | $62,371 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $101,461 |
| Fees for services: Other | $0 |
| Advertising and promotion | $22,581 |
| Office expenses | $22,402 |
| Information technology | $43,133 |
| Royalties | $0 |
| Occupancy | $24,607 |
| Travel | $3,255 |
| 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 | $15,295 |
| All other expenses | $568 |
| Total functional expenses | $1,083,580 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,078 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $132,400 |
| 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 | $2,725 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $27,223,628 |
| Investments—other securities | $34,203 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,221,118 |
| Total assets | $28,706,152 |
| Accounts payable and accrued expenses | $43,985 |
| 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 | $291,570 |
| Total liabilities | $335,555 |
| Net assets without donor restrictions | $26,997,808 |
| Net assets with donor restrictions | $1,372,789 |
| 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 | $28,706,152 |
Grants Awarded
Over the last fiscal year, Cedar Lake Foundation Inc has awarded $1,383,257 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CEDAR LAKE RESIDENCESINC PURPOSE: SUPPLEMENT GOVERNMENT FUNDING FOR SUPPORTED LIVING PROGRAMS OF INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES LIVING IN HOUSING UNITS OWNED BY RELATED ORGANIZATIONS. GRANTS FOR PURCHASE OF CAPITAL ITEMS AND VARIOUS PROGRAMS AND ACTIVITIES. | $1,021,272 |
CEDAR LAKE LODGE INC PURPOSE: GRANTS FOR PURCHASE OF CAPITAL ITEMS AND VARIOUS PROGRAMS AND ACTIVITIES. | $361,985 |