Lakeshore Foundation
- Assets
- $92.6m
- Revenue
- $11.0m
- Investments
- $51.5m
- Employees
- 151
- Location
- Birmingham, AL
- Founding
- 10/1942
- Data as of
- 09/2022
- EIN
- 63-0288847
Organization Overview
Lakeshore Foundation is located in Birmingham, AL. The organization was established in 1942. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2022, Lakeshore Foundation employed 151 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakeshore Foundation 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 09/2022, Lakeshore Foundation generated $11.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $12.0m during the year ending 09/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE AND PROVIDE OPPORTUNITIES FOR PEOPLE WITH DISABILITY TO LIVE A HEALTHY LIFESTYLE THROUGH ACTIVITY, RESEARCH, ADVOCACY AND HEALTH PROMOTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FITNESS, PERSONAL TRAINING AND AQUATICS - LAKESHORE FOUNDATION OFFERS MORE THAN 60 FITNESS AND AQUATICS CLASSES SPECIFICALLY DESIGNED FOR PERSONS WITH A WIDE RANGE OF PHYSICAL DISABILITIES AND CHRONIC HEALTH CONDITIONS SEEKING A LIFELONG PATH TO WELLNESS. LAKESHORE ALSO PROVIDES AN OPPORTUNITY FOR SELF-DIRECTED, INDIVIDUAL FITNESS AND AQUATICS WORKOUTS, AS WELL AS FEE-BASED PERSONAL TRAINING SERVICES. LAKESHORE LIFE, A COMPREHENSIVE HEALTH PROMOTION INITIATIVE, INCLUDES NUTRITION EDUCATION AND EMPOWERS INDIVIDUALS TO TAKE PERSONAL OWNERSHIP OF HEALTH AND WELLNESS CHOICES. IN 2022 THE SUITE OF VIRTUAL PROGRAMS WAS EXTENDED ALLOWING MEMBERSHIP OPPORTUNITIES TO A BROADER AUDIENCE DELIVERING VALUABLE WELLNESS PROGRAMS.
RECREATION, ATHLETICS, MILITARY AND TRAINING SITE PROGRAMS - LAKESHORE FOUNDATION OFFERS YEAR-ROUND ACTIVITIES FOR CHILDREN AND ADULTS WITH PHYSICAL DISABILITIES INCLUDING RECREATIONAL PROGRAMS, ATHLETIC TEAMS AND LOCAL, REGIONAL, NATIONAL AND INTERNATIONAL ATHLETIC EVENTS THAT PROVIDE AN OUTLET FOR COMPETITIVE DRIVE AND CONTRIBUTE TO PARTICIPANTS' HEALTH AND WELL-BEING. THIS INCLUDES HIGH PERFORMANCE CAMPS FOR USA WHEELCHAIR RUGBY, WHEELCHAIR BASKETBALL, PARALYZED VETERANS OF AMERICA AND LOCAL CHILDREN'S SUMMER CAMPS. OUR WORK WITH VETERANS ALSO EXPANDED IN 2022 TO INCLUDE HEALTH AND WELLNESS OPTIONS FOR ALL LOCAL ALABAMA VETERANS AND THEIR FAMILIES.
RESEARCH - LAKESHORE CONDUCTS APPLIED RESEARCH AND PROGRAM EVALUATION ON THE EFFECTIVENESS OF PHYSICAL ACTIVITY PROGRAMS IN PROMOTING HEALTH AND QUALITY OF LIFE, IMPROVING FUNCTIONAL INDEPENDENCE, AND PREVENTING SECONDARY CONDITIONS IN PEOPLE WITH PHYSICAL DISABILITIES. OUR RESEARCH ACTIVITIES INCLUDE PHYSIOLOGICAL TESTING, QUALITATIVE STUDIES, AND PROGRAM EVALUATION. RESEARCH IDENTIFIES WAYS TO IMPROVE HEALTH RELATED QUALITY OF LIFE, REDUCE SECONDARY HEALTH CONDITIONS, AND INCREASE COMMUNITY PARTICIPATION. INNOVATIVE TECHNOLOGY IS ALSO BEING UTILIZED TO IMPROVE ACCESS TO FITNESS. THROUGH PROFESSIONAL PUBLICATIONS, CONFERENCES AND COLLABORATIVE EFFORTS, EVIDENCE-BASED PROGRAMS AND MODELS IN PHYSICAL ACTIVITY FOR PEOPLE WITH PHYSICAL DISABILITY ARE SHARED WORLDWIDE.
ADVOCACY AND POLICY - LAKESHORE FOUNDATION WORKS TO REDUCE HEALTH DISPARITIES AND SUPPORTS THE ACHIEVEMENT OF OPTIMAL HEALTH BY PEOPLE WITH PHYSICAL DISABILITY AND CHRONIC HEALTH CONDITIONS BY ENSURING PEOPLE WITH DISABILITY GAIN ACCESS TO HEALTH PROMOTING RESOURCES AND RECEIVE THE RIGHT SUPPORT AND SERVICES, AT THE RIGHT TIME, IN THE RIGHT SETTING. LAKESHORE'S COMMUNITY HEALTH EFFORTS LOCALLY, NATIONALLY AND GLOBALLY ADDRESS BARRIERS THAT PREVENT PEOPLE WITH DISABILITY FROM MAXIMUM PARTICIPATION IN SOCIETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Underwood President | Officer | 40 | $379,529 |
Cathy Miller Chief Operating And Financial Officer | Officer | 40 | $219,268 |
Jen Allred Chief Program Officer And Special Projects | Officer | 40 | $178,790 |
Amy Rauworth Chief Of Development And Strategic Partnerships | Officer | 40 | $164,946 |
Elizabeth Moore Director Of Communications | 40 | $121,216 | |
Debbie Smith Director Of Human Resources | 40 | $117,631 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Advanced Landscaping Services Inc Landscaping | 9/29/22 | $114,553 |
C Spire (Teklinks) Technology Support, Internet And Phone S | 9/29/22 | $113,133 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $10,000 |
| Related organizations | $2,000,000 |
| Government grants | $2,081,558 |
| All other contributions, gifts, grants, and similar amounts not included above | $993,367 |
| Noncash contributions included in lines 1a–1f | $5,062 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,084,925 |
| Total Program Service Revenue | $755,375 |
| Investment income | $330,183 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,225,669 |
| Net Gain/Loss on Asset Sales | $615,266 |
| Net Income from Fundraising Events | -$491 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $140 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,018,309 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $1,626,536 |
| Compensation of current officers, directors, key employees. | $776,637 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,926,130 |
| Pension plan accruals and contributions | $125,328 |
| Other employee benefits | $593,978 |
| Payroll taxes | $394,926 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,000 |
| Fees for services: Accounting | $29,295 |
| Fees for services: Lobbying | $31,499 |
| Fees for services: Fundraising | $72,000 |
| Fees for services: Investment Management | $157,878 |
| Fees for services: Other | $532,726 |
| Advertising and promotion | $113,300 |
| Office expenses | $188,599 |
| Information technology | $171,063 |
| Royalties | $0 |
| Occupancy | $777,599 |
| Travel | $516,316 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $86,159 |
| Interest | $300,405 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,578,230 |
| Insurance | $236,683 |
| All other expenses | $0 |
| Total functional expenses | $12,031,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300 |
| Savings and temporary cash investments | $1,915,052 |
| Pledges and grants receivable | $316,809 |
| Accounts receivable, net | $469,977 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,906 |
| Prepaid expenses and deferred charges | $659,283 |
| Net Land, buildings, and equipment | $35,094,658 |
| Investments—publicly traded securities | $2,544,025 |
| Investments—other securities | $51,507,768 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,692 |
| Total assets | $92,560,470 |
| Accounts payable and accrued expenses | $1,648,603 |
| Grants payable | $0 |
| Deferred revenue | $192,281 |
| Tax-exempt bond liabilities | $11,411,559 |
| 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 | $46,835 |
| Other liabilities | $12,000 |
| Total liabilities | $13,311,278 |
| Net assets without donor restrictions | $78,621,567 |
| Net assets with donor restrictions | $627,625 |
| 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 | $92,560,470 |
Grants Awarded
Over the last fiscal year, Lakeshore Foundation has awarded $22,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MONTANA CHRONIC DISEASE PREVENTION AND HEALTH PROMOTION BUREAU PURPOSE: DPP MINI GRANT | $7,000 |
FLORIDA DEPARTMENT OF HEALTH PURPOSE: NATIONAL DIABETES PREVENTION PROGRAM (NDPP) GRANT | $5,000 |
DLP CONEMAUGH MEMORIAL MEDICAL CENTER PURPOSE: DPP MINI GRANT | $5,000 |
Clive, IA PURPOSE: DPP MINI GRANT | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Lakeshore Foundation has recieved totaling $30,560.
| Awarding Organization | Amount |
|---|---|
Burton Family Foundation Birmingham, AL PURPOSE: PROMOTE INDEPENDENCE FOR PERSONS WITH PHYSICALLY, DISABLING CONDITIONS AND PROVDE OPPORTUNITIES TO PURSUE ACTIVE, HEALTHY LIFESTYLES. | $15,000 |
Faraway Foundation Birmingham, AL PURPOSE: SUPPORT OF OPERATION LIMA FOXTROT | $10,560 |
Estelle S Campbell Charitable Foundation Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $5,000 |
Endowment Analysis
| Beg. Balance | $6,879,952 |
| Earnings | $15,937 |
| Net Contributions | $95,596 |
| Other Expense | $708,396 |
| Ending Balance | $6,283,089 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Norton Community Hospital Inc Johnson City, TN | $0 | $44,059,462 |
Stephens County Hospital Authority Toccoa, GA | $31,750,136 | $50,289,631 |
Siskin Hospital For Physical Rehabilitation Chattanooga, TN | $126,934,150 | $48,552,060 |
Unity Medical Center Inc Manchester, TN | $57,842,404 | $53,886,351 |
Smyth County Community Hospital Johnson City, TN | $126,236,373 | $54,851,079 |
Bacon County Health Services Inc Alma, GA | $58,017,559 | $55,115,427 |
Clay County Medical Corporation Tupelo, MS | $32,451,174 | $44,137,468 |
Baptist Memorial Hospital Union City Inc Union City, TN | $31,676,994 | $42,978,738 |
Fort Loudoun Medical Center Knoxville, TN | $20,853,136 | $41,411,199 |
Donalsonville Hospital Inc Donalsonville, GA | $42,317,264 | $44,552,738 |
Taylor Regional Hospital Hawkinsville, GA | $27,030,419 | $40,495,793 |
Good Samaritan Hospital Inc Greensboro, GA | $59,786,458 | $36,297,937 |