Lake Fork Community Foundation
- Assets
- $216.1k
- Revenue
- $124.3k
- Investments
- $35.1k
- Employees
- 0
- Location
- Lake City, CO
- Founding
- 10/1994
- Data as of
- 12/2022
- EIN
- 84-1254225
Organization Overview
Lake Fork Community Foundation is located in Lake City, CO. The organization was established in 1994. 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 Fork Community 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 12/2022, Lake Fork Community Foundation generated $124.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $168.9k during the year ending 12/2022. While expenses have increased by 17.4% per year over the past 8 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.
Since 2015, Lake Fork Community Foundation has awarded 291 individual grants totaling $788,997. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT, IMPROVEMENTS, AND MAINTENANCE OF THE BASEBALL FIELD AND OTHER PARK FACILITIES IN THE HINSDALE COUNTY PARK.
PROVIDING SCHOLARSHIPS FOR HIGHER EDUCATION FOR RESIDENTS OF HINSDALE COUNTY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Virden Secretary | 0 | $0 | |
Bruce Vierheller President | 0 | $0 | |
Marian Hollingsworth Treasurer | 0 | $0 | |
Leslie Nichols Director | 0 | $0 | |
Ruthanna Hall Director | 0 | $0 | |
Jerry Gray Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $126,649 |
| Interest on Savings | $270 |
| Dividends & Interest | $1,148 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$6,169 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,390 |
| Total Revenue | $124,288 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $86 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $643 |
| Other expenses | $1,244 |
| Total operating and administrative expenses | $3,159 |
| Contributions, gifts, grants paid | $165,770 |
| Total expenses and disbursements | $168,929 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,737 |
| Savings and temporary cash investments | $173,359 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $1,879 |
| Investments—mortgage loans | $0 |
| Investments—other | $35,126 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $216,101 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Lake Fork Community Foundation has awarded $165,770 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
HINSDALE COUNTY PURPOSE: LAKE PARK INFRASTRUCTURE | $63,929 |
Lake City, CO PURPOSE: GENERAL OPERATING FUNDS | $14,420 |
WEE CARE PURPOSE: GENERAL OPERATING FUNDS | $10,325 |
LAKE CITY FIRE DISTRICT PURPOSE: GENERAL OPERATING FUNDS | $10,290 |
FRIENDS OF EMS PURPOSE: GENERAL OPERATING FUNDS | $9,445 |
Lake City, CO PURPOSE: GENERAL OPERATING FUNDS | $6,426 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lake Fork Community Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Laughlin-Beers Foundation Dallas, TX PURPOSE: BEN BROWNLEE MEMORIAL FUND | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arizona Community Foundation Phoenix, AZ | $1,066,072,012 | $211,703,650 |
Christian Community Foundation Inc Colorado Springs, CO | $497,894,733 | $194,166,172 |
Community First Foundation Arvada, CO | $565,776,459 | $151,756,882 |
Omaha Community Foundation Donor Directed Depository Omaha, NE | $49,176,399 | $38,155,808 |
Nebraska Community Foundation Lincoln, NE | $227,749,373 | $20,781,363 |
Oklahoma City Community Foundation Inc Oklahoma City, OK | $855,000,248 | $159,496,642 |
Community Foundation Of Jackson Hole Jackson, WY | $113,990,661 | $47,502,372 |
Rose Community Foundation Denver, CO | $325,610,267 | $15,145,306 |
Lincoln Community Foundation Inc Lincoln, NE | $161,472,860 | $29,470,305 |
Santa Fe Community Foundation Santa Fe, NM | $107,508,749 | $26,179,829 |
The Community Foundation Of Utah Salt Lake City, UT | $90,613,858 | $42,536,089 |
Aspen Community Foundation Basalt, CO | $62,511,754 | $28,301,426 |