Lakeside Foundation
- Assets
- $49.3m
- Revenue
- $1.7m
- Investments
- $48.8m
- Employees
- 0
- Location
- Jenkintown, PA
- Founding
- 01/1956
- Data as of
- 12/2022
- EIN
- 94-6066229
Organization Overview
Lakeside Foundation is located in Jenkintown, PA. The organization was established in 1956. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Lakeside 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, Lakeside Foundation generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.5%) each year. All expenses for the organization totaled $3.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lakeside Foundation has awarded 413 individual grants totaling $7,950,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura D Mateo President | 0 | $0 | |
Wesley D Mateo Treasurer/secretary | 0 | $0 | |
Kenneth P Mateo Director | 0 | $0 | |
Gregory W Mateo Vice President | 0 | $0 | |
Meredith Mateo Director | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Seltzer Caplan Mcmahon Vitek | 12/30/20 | $10,000 |
Lakeside Corporation | 12/30/20 | $90,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,000 |
| Interest on Savings | $9,787 |
| Dividends & Interest | $1,104,601 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $485,358 |
| Capital Gain Net Income | $485,358 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $104,832 |
| Total Revenue | $1,710,578 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $54,568 |
| Depreciation | $0 |
| Occupancy | $3,098 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,782 |
| Total operating and administrative expenses | $80,448 |
| Contributions, gifts, grants paid | $2,933,000 |
| Total expenses and disbursements | $3,013,448 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $531,224 |
| Savings and temporary cash investments | $0 |
| 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 | $4,211 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $432,683 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $49,349,012 |
| 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, Lakeside Foundation has awarded $2,933,000 in support to 149 organizations.
| Grant Recipient | Amount |
|---|---|
4H SHERIDAN PURPOSE: GENERAL FUND | $10,000 |
A PLACE TO BE PURPOSE: GENERAL FUND | $12,500 |
AMERICAN FOUNDATION FOR SUICIDE PREVENTION PURPOSE: GENERAL FUND | $25,000 |
AMERICAN ENTERPRISE INSTITUTE PURPOSE: GENERAL FUND | $25,000 |
ALL SAINTS CATHOLIC CHURCH - HAMPSTEAD NC PURPOSE: LIVING OUR FAITH, BUILDING TO SERVE CAMPAIGN AND GENERAL FUND | $30,000 |
AMERICAN JOURNALISM PROJECT PURPOSE: GENERAL FUND | $20,000 |