Lakeland Foundation
- Assets
- $10.6m
- Revenue
- $238.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Bellingham, WA
- Founding
- Data as of
- 06/2022
- EIN
- 84-3741868
Organization Overview
Lakeland Foundation is located in Bellingham, WA. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakeland 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 06/2022, Lakeland Foundation generated $238.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (71.8%) each year. All expenses for the organization totaled $321.5k during the year ending 06/2022. 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
PRESERVE LAKELAND FARMS PROPERTIES AS ACTIVE AGRICULTURAL LAND AND FORESTED AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAKELAND FOUNDATION'S PRIMARY PROGRAM SERVICE ACTIVITY IS AN ANNUAL GRANT SUPPORTING THE WORK OF THE JANSEN ART CENTER.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Williamson President | OfficerTrustee | 0.5 | $0 |
Kevin Deyoung Treasurer | OfficerTrustee | 0.3 | $0 |
Jenny Weeks Vice President | OfficerTrustee | 0.1 | $0 |
Mauri Ingram Executive Director | Officer | 1 | $0 |
Vic Jansen Board Member | Trustee | 0.1 | $0 |
Karen Occhiogrosso Board Member | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $83 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $238,734 |
| 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 | $238,817 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $180,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,500 |
| 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 | $80 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,071 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $150 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $25 |
| Total functional expenses | $321,455 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $81,287 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $10,500,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,581,287 |
| Accounts payable and accrued expenses | $184 |
| Grants payable | $45,000 |
| 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 | $0 |
| Total liabilities | $45,184 |
| Net assets without donor restrictions | $10,536,103 |
| Net assets with donor restrictions | $0 |
| 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 | $10,581,287 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Icicle Fund Leavenworth, WA | $35,216,436 | $2,172,420 |
Mobile Giving Foundation Inc Bellevue, WA | $1,290,105 | $2,127,600 |
Khaki Foundation Kirkland, WA | $13,170,467 | $2,724,072 |
Spokane Arts Fund Spokane, WA | $298,205 | $936,614 |
Bridging Cultural Gaps Tukwila, WA | $28,155 | $691,992 |
Realnetworks Foundation Seattle, WA | $12,313,294 | $977,519 |
Idaho Heritage Trust Incorporated Boise, ID | $17,430,404 | $627,633 |
Hong Kong Asociation Of Washington Foundation Redmond, WA | $372,871 | $663,736 |
American Friends Of Maru A Pula School Inc Seattle, WA | $608,270 | $597,417 |
Arts Action Alliance Foundation Oregon City, OR | $222,133 | $357,119 |
Lakeland Foundation Bellingham, WA | $10,581,287 | $238,817 |
Trel Foundation Carlton, OR | $7,662,505 | $269,769 |