Lake County Community Fund
- Assets
- $1.0m
- Revenue
- $810.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Leadville, CO
- Founding
- 06/2017
- Data as of
- 12/2023
- EIN
- 81-4684882
Organization Overview
Lake County Community Fund is located in Leadville, CO. The organization was established in 2017. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake County Community Fund 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, Lake County Community Fund generated $810.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.3% each year . All expenses for the organization totaled $583.7k during the year ending 12/2023. While expenses have increased by 35.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
THE LAKE COUNTY COMMUNITY FUND (LCCF) IS A NONPROFIT CREATED TO BRING ADDITIONAL RESOURCES INTO LAKE COUNTY TO SUPPORT THE COMMUNITY, INCLUDING LOCAL NON-PROFIT ORGANIZATIONS. THE VISION OF THE LCCF IS FOR LAKE COUNTY TO HAVE AN ABUNDANCE OF SUSTAINABLE PHILANTHROPIC RESOURCES TO SUPPORT A THRIVING COMMUNITY. ITS MISSION IS TO PROVIDE A MEANS TO EXPAND THE CAPACITY OF LOCAL ORGANIZATIONS, PROMOTE AND FACILITATE GIVING OPPORTUNITIES AND INSPIRE INVESTMENT IN LAKE COUNTY. THE LCCF WILL ENCOURAGE DONATIONS BY INDIVIDUALS, BUSINESSES, AND FOUNDATIONS, AND INVITE CHARITIES IN LEADVILLE AND TWIN LAKES TO APPLY FOR GRANT FUNDING TO FURTHER THEIR MISSIONS. THE LCCF WILL (I) CAPTURE PHILANTHROPIC DOLLARS OF PEOPLE AND ORGANIZATIONS WHO LOVE LEADVILLE; (II) SUPPORT EXISTING NON-PROFITS AND WORTHY CAUSES IN LAKE COUNTY; AND (III) MAKE GRANTS AND PROVIDE CAPACITY- BUILDING SERVICES TO EXISTING LAKE COUNTY NON-PROFITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FISCAL SPONSORSHIP AND CAPACITY-BUILDING EFFORTS. THIS LCCF PROGRAM AREA INCLUDES ALL THE COMPONENTS OF ACQUIRING AND HOUSING FISCAL SPONSORED FUNDS, AS WELL AS SERVING AS A LOCAL CONVENER WHEN APPROPRIATE AND OFFERING TRAININGS AND TECHNICAL ASSISTANCE TO LOCAL NONPROFIT AND CHARITABLE GROUPS. THIS ALSO INCLUDES PUTTING ON EVENTS IN SUPPORT OF FISCAL SPONSORED FUNDS AND/OR EVENTS RELATED TO LOCAL CAPACITY-BUILDING. IN THE PRIOR YEAR, THE LCCF HOUSED SEVEN FISCAL SPONSORED FUNDS (WE LOVE LEADVILLE TRIBUTE, PUMPKIN PATCH, TREE OF SHARING, LIONS CLUB SAFEWAY CARDS, LIDERES LATINOS LEADVILLE, AND LAKE COUNTY OPEN SPACE INITIATIVE.
DEVELOPMENT OF THE LCCF INTO A COMMUNITY ASSET, INCLUDING NETWORKING AND PROMOTIONAL ACTIVITIES DESIGNED TO BUILD RELATIONSHIPS WITH POTENTIAL CONTRIBUTORS AND MAJOR INVESTORS IN THE LEADVILLE/LAKE COUNTY COMMUNITY.
COMMUNITY GRANTMAKING. ON AN ANNUAL BASIS, THE LCCF OFFERS A COMPETITIVE COMMUNITY GRANTS ROUND, WHICH INCLUDES ADVERTISING THE GRANT-MAKING OPPORTUNITY, HOLDING INFORMATION SESSIONS, RECEIVING GRANT PROPOSALS, CONDUCTING TECHNICAL REVIEW OF PROPOSALS, AND FACILITATING GRANT AWARD DETERMINATIONS BY THE LCCF BOARD OF DIRECTORS. IN THE PRIOR YEAR, THE LCCF GRANTED OUT 81,294 TO 12 LOCAL CHARITABLE GROUPS AS PART OF ITS COMMUNITY GRANTS ROUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Mcmurtry Executive Di | OfficerTrustee | 40 | $67,124 |
Rachel Brunetti Director | Trustee | 2 | $0 |
Melissa Kendrick President | OfficerTrustee | 5 | $0 |
Jim Kohlmoos Director | Trustee | 2 | $0 |
Greg Labbe Director | OfficerTrustee | 2 | $0 |
Val Landis Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $287,758 |
| All other contributions, gifts, grants, and similar amounts not included above | $477,084 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $764,842 |
| Total Program Service Revenue | $37,882 |
| Investment income | $7,480 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $810,204 |
| 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. | $67,124 |
| Compensation of current officers, directors, key employees. | $6,712 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,014 |
| Payroll taxes | $5,135 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,147 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $14,399 |
| Information technology | $7,282 |
| Royalties | $0 |
| Occupancy | $600 |
| Travel | $713 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,422 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,418 |
| All other expenses | $1,199 |
| Total functional expenses | $583,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $515,557 |
| Savings and temporary cash investments | $460,997 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,955 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,705 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,000,214 |
| 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 | $17,083 |
| Total liabilities | $17,083 |
| Net assets without donor restrictions | $258,392 |
| Net assets with donor restrictions | $724,739 |
| 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 | $1,000,214 |