Lake Fork Community Foundation
- Assets
- $213.9k
- Revenue
- $82.7k
- Investments
- $52.2k
- Employees
- 0
- Location
- Lake City, CO
- Founding
- 10/1994
- Data as of
- 12/2023
- 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 12/2023, Lake Fork Community Foundation generated $82.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $84.9k during the year ending 12/2023. While expenses have increased by 6.9% per year over the past 9 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 329 individual grants totaling $800,692. 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
2023
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.
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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 | |
Jerry Gray Vice President | 0 | $0 | |
Ruthanna Hall Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $76,654 |
| Interest on Savings | $279 |
| Dividends & Interest | $4,782 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,034 |
| Total Revenue | $82,749 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $756 |
| Other expenses | $2,714 |
| Total operating and administrative expenses | $4,381 |
| Contributions, gifts, grants paid | $80,540 |
| Total expenses and disbursements | $84,921 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,856 |
| Savings and temporary cash investments | $137,955 |
| 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 | $52,239 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $213,929 |
| 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 $80,540 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
CHRISTIAN COMMUNITY SERVICES PURPOSE: GENERAL OPERATING FUNDS | $745 |
ALPINE OUTDOORS PURPOSE: GENERAL OPERATING FUNDS | $145 |
KATE CUNNINGHAM PURPOSE: SCHOLARSHIP FOR EDUCATION | $500 |
CAROLINE THOMPSON PURPOSE: SCHOLARSHIP FOR EDUCATION | $1,000 |
BENNET LEVINE PURPOSE: SCHOLARSHIP FOR EDUCATION | $500 |
MIRANDA HALL PURPOSE: SCHOLARSHIP FOR EDUCATION | $500 |