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Nonprofiteer
← LAKESHORE FOUNDATION INC

Form 990 for tax year 2023

Filed by LAKESHORE FOUNDATION INC.

Totals

Total revenue
$484,500
Total expenses
$148,781
Contributions and grants received
$145,240
Grants paid
$54,055
Program service revenue
$0
Investment income
$339,260
Other revenue
$0
Total assets, end of year
$10,421,915
Total liabilities, end of year
$85,944
Net assets or fund balances, end of year
$10,335,971
Program services expenses (Part IX)
$60,484
Management and general expenses
$88,297
Fundraising expenses
$0
Program service expenses (Part III)
$60,484

Program services were 40.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $145,240

  • 3 · Investment income

    total $311,374 · excluded $311,374

  • 7a · Gross sales of assets other than inventory

    securities $1,487,440 · other assets $550

  • 7b · Less cost or other basis and sales expenses

    securities $1,460,104 · other assets $0

  • 7c · Gain or loss

    securities $27,336 · other assets $550

  • 7d · Net gain or loss

    total $27,886 · excluded $27,886

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $54,055 · program services $54,055

  • 11c · Fees: accounting

    total $12,050 · management and general $12,050

  • 11f · Fees: investment management

    total $60,794 · management and general $60,794

  • 24a · Other expenses: REPAIRS

    total $12,953 · management and general $12,953

  • 24b · Other expenses: DEPRECIATION EXPENSE

    total $6,409 · program services $6,409

  • 24c · Other expenses: HOME OCCUPANCY AMORTIZA

    total $2,500 · management and general $2,500

  • 24d · Other expenses: LICENSE AND FEES

    total $20 · program services $20

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $212,050 · end of year $372,909

  • 7 · Other notes and loans receivable

    end of year $415,000

  • 10a · Land, buildings and equipment: cost or other basis

    $231,703

  • 10b · Land, buildings and equipment: accumulated depreciation

    $19,249

  • 10c · Land, buildings and equipment, net

    beginning of year $205,663 · end of year $212,454

  • 11 · Investments: publicly traded securities

    beginning of year $9,440,350 · end of year $9,351,552

  • 14 · Intangible assets

    beginning of year $72,500 · end of year $70,000

  • 17 · Accounts payable and accrued expenses

    end of year $85,944

  • 25 · Other liabilities

    beginning of year $24,355 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $9,906,208 · end of year $10,335,971

Mission and programs · 2023

Mission

TO PROVIDE FUNDS FOR INDIGENT CARE AND RENOVATION NEEDS AT THE FACILITIES OF LAKESHORE ESTATES, INC.

Activities or mission (Part I)

TO PROVIDE FUNDS FOR INDIGENT CARE AND RENOVATION NEEDS AT THE LONG TERM CARE FACILITIES OF LAKE SHORE ESTATES.

  • PROVIDES FUNDS FOR THE INDIGENT CARE AT THE LONG-TERM CARE FACILITIES OF LAKESHORE ESTATES, INC. IN NASHVILLE, TN.

    Expenses $60,484 · Grants $54,055

As filed on the 2023 return.

Listed in Part VII

  • John Robinson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    7.5

  • John Thweatt

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Barbara Outhier

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202423209349306467

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