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Nonprofiteer
← LAKEWOOD FOUNDATION

Form 990 for tax year 2023

Filed by LAKEWOOD FOUNDATION.

Totals

Total revenue
$547,787
Total expenses
$248,878
Contributions and grants received
$143,437
Grants paid
$12,553
Program service revenue
$97,003
Investment income
$307,347
Other revenue
$0
Total assets, end of year
$2,930,416
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,930,416
Program services expenses (Part IX)
$221,819
Management and general expenses
$27,059
Fundraising expenses
$0
Program service expenses (Part III)
$221,819

Program services were 89.1% 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.

  • 1c · Fundraising events

    $15,609

  • 1f · All other contributions, gifts and grants

    $127,828

  • 2a · Program service revenue: PROGRAM REIMBURSEMENTS

    total $48,456 · related or exempt $48,456

  • 2b · Program service revenue: SPORTS AND H2O REGISTRATIONS

    total $43,073 · related or exempt $43,073

  • 2c · Program service revenue: FISCAL SPONSOR FEES

    total $5,474 · related or exempt $5,474

  • 3 · Investment income

    total $307,347 · related or exempt $307,347

  • 8a · Fundraising events: gross income

    $8,881

  • 8a · Fundraising events: contributions included on line 1c

    $15,609

  • 8b · Fundraising events: direct expenses

    $8,881

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $12,553 · program services $12,553

  • 11c · Fees: accounting

    total $4,450 · management and general $4,450

  • 11f · Fees: investment management

    total $22,076 · management and general $22,076

  • 13 · Office expenses

    total $5,328 · program services $4,795 · management and general $533

  • 22 · Depreciation, depletion and amortization

    total $29,053 · program services $29,053

  • 24a · Other expenses: DIRECT PROGRAMMING - TLF

    total $49,879 · program services $49,879

  • 24b · Other expenses: EMERGENCY ASSISTANCE

    total $45,684 · program services $45,684

  • 24c · Other expenses: LAKEWOOD AGING PROGRAMS

    total $42,816 · program services $42,816

  • 24d · Other expenses: SPORTS/OTHER CONTRACTORS

    total $30,041 · program services $30,041

  • 24e · All other expenses

    total $6,998 · program services $6,998

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,782 · end of year $159,115

  • 2 · Savings and temporary cash investments

    beginning of year $124,667 · end of year $14,777

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

    $106,011

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

    $92,376

  • 10c · Land, buildings and equipment, net

    beginning of year $28,636 · end of year $13,635

  • 11 · Investments: publicly traded securities

    beginning of year $2,464,422 · end of year $2,742,889

  • 27 · Net assets without donor restrictions

    beginning of year $77,151 · end of year $49,079

  • 28 · Net assets with donor restrictions

    beginning of year $2,554,356 · end of year $2,881,337

Mission and programs · 2023

Mission

THE LAKEWOOD FOUNDATION IS A PRIVATE, NOT-FOR-PROFIT, COMMUNITY-BASED ORGANIZATION. THE LAKEWOOD FOUNDATION ENHANCES THE LIVES OF LAKEWOOD RESIDENTS BY SERVING AS THE FISCAL AGENT FOR SERVICE GROUPS AND CITY DEPARTMENTS. THE TRUSTEES OF THE LAKEWOOD FOUNDATION ASSIST AND SUPPORT SPECIAL PROJECTS THEY BELIEVE WILL FURTHER THE WELL BEING OF THE LAKEWOOD COMMUNITY.

  • THE LAKEWOOD FOUNDATION WAS CREATED IN 1996 AS A 501(C)(3) TO SUPPORT PROGRAMS AND ACTIVITIES THAT ENHANCE THE LIVES OF LAKEWOOD RESIDENTS BY ENABLING THEM TO LIVE MORE PRODUCTIVELY AND WITH DIGNITY. TO ACCOMPLISH THIS GOAL, THE LAKEWOOD FOUNDATION WILL ACT AS THE FISCAL AGENT FOR NON- PROFIT ORGANIZATIONS LOCATED IN LAKEWOOD OR FORMED FOR THE BENEFIT OF THE RESIDENTS OF LAKEWOOD AS APPROVED BY THE LAKEWOOD FOUNDATION BOARD OF TRUSTEES. IN ADDITION, THE LAKEWOOD FOUNDATION WILL ALSO PROVIDE ADVOCACY AND FISCAL MANAGEMENT OF PROGRAMS, GRANTS AND CHARITABLE CONTRIBUTIONS TO THE CITY OF LAKEWOOD, DEPARTMENT OF HUMAN SERVICES. THE LAKEWOOD FOUNDATION HAS ASSISTED VARIOUS GROUPS WITHIN THE CITY OF LAKEWOOD WITH FUNDRAISING EFFORTS BY SERVING AS THE FISCAL AGENT FOR THEIR PROJECTS. CURRENTLY WE SERVE: O FRIENDS OF MADISON PARK O KAUFFMAN PARK FRIENDS O LAKEWOOD COMMUNITY BASEBALL ASSOCIATION O LAKEWOOD FARMERS MARKET O LAKEWOOD OUTDOOR BASKETBALL COMMITTEE O LAKEWOOD START-A-HEART O LAKEWOOD URBAN BIRD FUND O LAKEWOOD VETERANS COMMITTEE O LEASED DOGS IN LAKEWOOD PARK O MY BEST FRIENDS BOWL OVER THE PAST SEVERAL YEARS, THE LAKEWOOD FOUNDATION HAS WORKED VIGOROUSLY TO SUPPORT AND ASSIST ALL OF THE PROGRAMS OF THE DEPARTMENT OF HUMAN SERVICES. CURRENT PROGRAMMING INCLUDE: THE FAMILY ROOM, H2O, FAMILY TO FAMILY PLAY A DAY, LAKEWOOD COMMISSION ON AGING AND THE AGING NUTRITION SITE. THE LAKEWOOD FOUNDATION IS COMPRISED OF VOTING MEMBERS-AT-LARGE REPRESENTING THE GENERAL COMMUNITY. THE LAKEWOOD FOUNDATION IS GOVERNED BY OUR BYLAWS AND INVESTMENT POLICY, COPIES AVAILABLE UPON REQUEST. A PORTION OF OUR FUNDS ARE INVESTED WITH THE CLEVELAND FOUNDATION, FIRST FEDERAL OF LAKEWOOD AND RAYMOND JAMES.

    Expenses $221,819 · Grants $12,553 · Revenue $97,003

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • KAREN LEE

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • LINDSEY GRDINA

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • CYNTHIA COSTELLO

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • NORA KATZENBERGER

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • MICHAEL BENTLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KATHY HABER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KRISTIN HARWELL

    DIRECTORT

    Total calculated
    $0
    Hours/week
    2

  • BETSY SHAUGHNESSY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JOHN ZANGHI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.0
Source object
202433209349303193

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