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Nonprofiteer
← LAKESIDE CHAUTAUQUA FOUNDATION

Form 990 for tax year 2023

Filed by LAKESIDE CHAUTAUQUA FOUNDATION.

Totals

Total revenue
$1,575,291
Total expenses
$410,309
Contributions and grants received
$365,035
Grants paid
$369,288
Program service revenue
$0
Investment income
$1,210,256
Other revenue
$0
Total assets, end of year
$10,768,693
Total liabilities, end of year
$15,858
Net assets or fund balances, end of year
$10,752,835
Program services expenses (Part IX)
$369,288
Management and general expenses
$41,021
Fundraising expenses
$0
Program service expenses (Part III)
$369,288

Program services were 90.0% 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

    $365,035

  • 3 · Investment income

    total $227,063 · excluded $227,063

  • 7a · Gross sales of assets other than inventory

    securities $2,514,779

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

    securities $1,531,586

  • 7c · Gain or loss

    securities $983,193

  • 7d · Net gain or loss

    total $983,193 · excluded $983,193

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $369,288 · program services $369,288

  • 24a · Other expenses: TRUSTEE FEES

    total $37,654 · management and general $37,654

  • 24b · Other expenses: ENDOWMENT INCOME TRANSF

    total $3,367 · management and general $3,367

Balance sheet

Part X, book values.

  • 11 · Investments: publicly traded securities

    beginning of year $9,023,136 · end of year $10,768,693

  • 25 · Other liabilities

    beginning of year $31,315 · end of year $15,858

  • 27 · Net assets without donor restrictions

    beginning of year $2,478,558 · end of year $2,873,953

  • 28 · Net assets with donor restrictions

    beginning of year $6,513,263 · end of year $7,878,882

Mission and programs · 2023

Mission

TO CARRY OUT THE PURPOSES OF AND BENEFIT THE LAKESIDE ASSOCIATION

  • THE LAKESIDE CHAUTAUQUA FOUNDATION RAISES FUNDS FOR THE LAKESIDE ASSOCIATION AND MANAGES LONG-TERM ENDOWMENT FUNDS AND ANNUITY ACCOUNTS FOR THE LAKESIDE ASSOCIATION. THE LAKESIDE CHAUTAUQUA FOUNDATION TRANSFERRED $369,288 OF CONTRIBUTIONS AND EARNINGS TO THE LAKESIDE ASSOCIATION DURING THE YEAR ENDED MARCH 31, 2024.

    Expenses $369,288 · Grants $369,288

As filed on the 2023 return.

Listed in Part VII

  • Paul Hubbard

    BOARD CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • David Workman

    BOARD VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Meridith Egan

    BOARD NOMINATING CHAIR

    Total calculated
    $0
    Hours/week
    1

  • David Blank

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Katie Browning

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Eric Fudo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jeannie Chaney

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jane Greene

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Donald Longwell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Randy Snow

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jim Young

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Amy Skolnik

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jane Anderson

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1 + 20 related

  • Todd Fowler

    EX-OFFICIO, W/O VOTE

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Charles Allen

    PRESIDENT & CEO, W/O VOTE

    Total calculated
    $191,845
    From this org
    $0
    From related orgs
    $175,593
    Other
    $16,252
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $158,093 related
    Bonus
    $0 + $17,500 related
    Other
    $0
    Deferred
    $0 + $15,915 related
    Nontaxable benefits
    $0 + $337 related
    Filer's total
    $0 + $191,845 related

  • Gretchen Colon

    V.P. MARKETING & ADVANCEMENT W/O VOTE

    Total calculated
    $0
    Hours/week
    1 + 40 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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
18 February 2025
IRS schema version
2023v6.0
Source object
202500499349301200

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