Lakewood Ranch Community Fund Inc
- Assets
- $1.5m
- Revenue
- $1.4m
- Investments
- $1.4m
- Employees
- 1
- Location
- Lakewood Ranch, FL
- Founding
- Data as of
- 12/2023
- EIN
- 85-3772547
Organization Overview
Lakewood Ranch Community Fund Inc is located in Lakewood Ranch, FL. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakewood Ranch Community Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S VISION IS TO USE THE POWER OF GIVING TO SERVE THE COMMUNITY. FOUNDED IN 2000, THE ORGANIZATION'S MISSION IS TO ENHANCE THE QUALITY OF LIFE IN OUR COMMUNITIES BY RESPONDING TO THE NEEDS, GRANTING FUNDS, AND BUILDING LASTING RELATIONSHIPS. THE COMMUNITY FOUNDATION'S CORE VALUES INCLUDE "COMMUNITY, INNOVATION, AND TRANSPARENCY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VISION OF THE ORGANIZATION IS TO USE THE POWER OF GIVING TO SERVE OUR COMMUNITY. THE ORGANIZATION HAS THREE MAIN PROGRAMS THAT HELP SUPPORT THE FUNDS WHICH ARE USED TO DISTRIBUTE GRANTS TO NONPROFITS; BUILDERS GIVE BACK PROGRAM, COMMUNITY BUSINESS PARTNERS, AND FRIENDS OF THE FOUNDATION. 1. THE BUILDERS GIVE BACK PROGRAM WAS SPEARHEADED BY THE ORGANIZATION, LAKEWOOD RANCH COMMUNITIES (VISIONARY DEVELOPER OF LAKEWOOD RANCH) AND SELECT PRIMER BUILDERS. CURRENTLY THERE ARE TEN BUILDERS IN THE PROGRAM AND FOR EVERY NEW HOME CLOSING, THE BUILDER MAKES A $100 DONATION TO THE COMMUNITY FOUNDATION IN THE RESIDENT'S NAME. LAKEWOOD RANCH COMMUNITIES MATCHES THE DONATIONS UP TO $10,000. THROUGH THE PROGRAM, THE FOCUS IS TO INTRODUCE NEW HOMEOWNERS TO THE VIBRANT TRADITION OF LOCAL PHILANTHROPY AND GAIN THEIR COMMITMENT TO VOLUNTEER AND OPEN THE DOOR2. THE COMMUNITY BUSINESS PARTNERS PROGRAM PROVIDES AN OPPORTUNITY FOR LOCAL BUSINESSES TO SUPPORT THE ORGANIZATION THROUGH ANNUAL DONATIONS. THE LOCAL BUSINESSES MAY PARTICIPATE AND SERVE ON COMMITTEES, HOST EVENTS FOR GRANT RECIPIENTS, SUPPORT AND BE INVOLVED IN THE MAJOR EVENTS AND ACTIVITIES OF THE YEAR. 3. THE FRIENDS OF THE FOUNDATION PROGRAM IS A MONTHLY GIVING OPPORTUNITY FOR INDIVIDUALS TO SUPPORT THE ORGANIZATION'S VISION AND MISSION. THIS IS ALSO A POSITIVE WAY FOR COMMUNITY INDIVIDUALS TO BECOME MORE INVOLVED WITH THE ORGANIZATION.IN ADDITION, THE VOLUNTEER PLATFORM PROGRAM IS A WAY TO FIND THE PERFECT OPPORTUNITY FOR INDIVIDUALS TO VOLUNTEER AND FOR NONPROFIT ORGANIZATIONS TO SHOWCASE WHAT THEY DO AND WHAT TYPE OF VOLUNTEERISM IS NEEDED. THIS AUTOMATED PLATFORM CAN BRING THE TWO ENTITIES TOGETHER AND CREATE A LASTING RELATIONSHIP. THIS IS YET ANOTHER WAY TO OPEN THE DOOR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Clark President | OfficerTrustee | 3 | $0 |
Christa Folkers Vice President | OfficerTrustee | 1 | $0 |
Lorri Kidder Treasurer | OfficerTrustee | 1 | $0 |
Nicole Ryskamp Director | Trustee | 1 | $0 |
Lori Boyd Director | Trustee | 1 | $0 |
Debbie Urban Director | Trustee | 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 | $1,279,165 |
| Noncash contributions included in lines 1a–1f | $12,790 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,279,165 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $77,633 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,356,798 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $65,801 |
| 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. | $88,000 |
| Compensation of current officers, directors, key employees. | $8,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,689 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,609 |
| Office expenses | $212 |
| Information technology | $2,730 |
| Royalties | $0 |
| Occupancy | $4,900 |
| Travel | $1,248 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,199 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,558 |
| All other expenses | $565 |
| Total functional expenses | $196,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,978 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,000 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,396,975 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,473,953 |
| Accounts payable and accrued expenses | $64,168 |
| 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 | $0 |
| Total liabilities | $64,168 |
| Net assets without donor restrictions | $0 |
| 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 | $1,409,785 |
| Total liabilities and net assets/fund balances | $1,473,953 |
Grants Awarded
Over the last fiscal year, Lakewood Ranch Community Fund Inc has awarded $13,670 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN VOCATIONAL ACADEMY FOUNDATION INC PURPOSE: BENEFITS 6 GRADUATES OF THE PROGRAM WITH PROVIDING HIGH-QUALITY TOOLS FOR ENTRY-LEVEL HVAC TECHNICIANS. | $8,000 |
SAFE CHILDREN COALITION INC PURPOSE: OFFERS FREE COMMUNITY AND SCHOOL-BASED OUTPATIENT COUNSELING SERVICES TO YOUTH AGES 10-17 EXPERIENCING CONFLICT AND INSTABILITY IN THE HOME. | $5,670 |