Totals
- Total revenue
- $640,766
- Total expenses
- $428,380
- Contributions and grants received
- $211,113
- Grants paid
- $105,105
- Program service revenue
- $111,104
- Investment income
- $317,184
- Other revenue
- $1,365
- Total assets, end of year
- $3,192,802
- Total liabilities, end of year
- $50,000
- Net assets or fund balances, end of year
- $3,142,802
- Program services expenses (Part IX)
- $399,539
- Management and general expenses
- $28,841
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $399,539
Program services were 93.3% 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
$12,650
-
1e · Government grants (contributions)
$37,990
-
1f · All other contributions, gifts and grants
$160,473
-
2a · Program service revenue: PROGRAM REIMBURSEMENTS
total $84,595 · related or exempt $84,595
-
2b · Program service revenue: SPORTS AND H2O REGISTRATIONS
total $13,579 · related or exempt $13,579
-
2c · Program service revenue: FISCAL SPONSOR FEES
total $12,930 · related or exempt $12,930
-
3 · Investment income
total $317,184 · related or exempt $317,184
-
8a · Fundraising events: gross income
$8,359
-
8a · Fundraising events: contributions included on line 1c
$12,650
-
8b · Fundraising events: direct expenses
$8,359
-
11a · Other revenue
total $1,365 · related or exempt $1,365
-
11e · Other revenue, total
$1,365
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $105,105 · program services $105,105
-
11c · Fees: accounting
total $3,551 · management and general $3,551
-
11f · Fees: investment management
total $23,552 · management and general $23,552
-
13 · Office expenses
total $3,323 · program services $2,991 · management and general $332
-
22 · Depreciation, depletion and amortization
total $7,026 · program services $7,026
-
23 · Insurance
total $1,406 · management and general $1,406
-
24a · Other expenses: H2O SUMMER CAMP
total $97,846 · program services $97,846
-
24b · Other expenses: DIRECT PROGRAMMING - TLF
total $51,532 · program services $51,532
-
24c · Other expenses: EMERGENCY ASSISTANCE
total $50,316 · program services $50,316
-
24d · Other expenses: SPORTS/OTHER CONTRACTORS
total $37,404 · program services $37,404
-
24e · All other expenses
total $47,319 · program services $47,319
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $159,115 · end of year $162,118
-
2 · Savings and temporary cash investments
beginning of year $14,777 · end of year $14,878
-
4 · Accounts receivable
end of year $8,437
-
10a · Land, buildings and equipment: cost or other basis
$88,689
-
10b · Land, buildings and equipment: accumulated depreciation
$82,080
-
10c · Land, buildings and equipment, net
beginning of year $13,635 · end of year $6,609
-
11 · Investments: publicly traded securities
beginning of year $2,742,889 · end of year $3,000,760
-
18 · Grants payable
end of year $50,000
-
27 · Net assets without donor restrictions
beginning of year $49,079 · end of year $52,423
-
28 · Net assets with donor restrictions
beginning of year $2,881,337 · end of year $3,090,379
Mission and programs · 2024
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. 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 $399,539 · Grants $105,105 · Revenue $111,104
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Karen LeeKAREN LEE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Lindsey GrdinaLINDSEY GRDINA
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 2
-
Cynthia CostelloCYNTHIA COSTELLO
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Nora KatzenbergerNORA KATZENBERGER
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Michael BentleyMICHAEL BENTLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kathy HaberKATHY HABER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Athena LoughrinATHENA LOUGHRIN
DIRECTORT
- Total calculated
- $0
- Hours/week
- 2
-
Betsy ShaughnessyBETSY SHAUGHNESSY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Judy WrightJUDY WRIGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
John ZanghiJOHN 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
-
CITY OF LAKEWOOD
$86,416
HUMAN SERVICES
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.0
- Source object
- 202543219349308909
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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