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Nonprofiteer
← CEDAR LAKE FOUNDATION INC

Form 990 for tax year 2023

Filed by CEDAR LAKE FOUNDATION INC.

Totals

Total revenue
$1,631,662
Total expenses
$1,083,580
Contributions and grants received
$1,056,140
Grants paid
$346,758
Program service revenue
$0
Investment income
$613,264
Other revenue
-$37,742
Total assets, end of year
$28,706,152
Total liabilities, end of year
$335,555
Net assets or fund balances, end of year
$28,370,597
Program services expenses (Part IX)
$346,758
Management and general expenses
$203,012
Fundraising expenses
$533,810
Program service expenses (Part III)
$346,758

Program services were 32.0% 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.

  • 1c · Fundraising events

    $299,329

  • 1f · All other contributions, gifts and grants

    $756,811

  • 3 · Investment income

    total $802,248 · excluded $802,248

  • 7a · Gross sales of assets other than inventory

    securities $6,630,192

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

    securities $6,819,176

  • 7c · Gain or loss

    securities -$188,984

  • 7d · Net gain or loss

    total -$188,984 · excluded -$188,984

  • 8a · Fundraising events: gross income

    $49,459

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

    $299,329

  • 8b · Fundraising events: direct expenses

    $125,290

  • 8c · Net income from fundraising events

    total -$75,831 · excluded -$75,831

  • 9a · Gaming: gross income

    $36,979

  • 9b · Gaming: direct expenses

    $1,575

  • 9c · Net income from gaming

    total $35,404 · excluded $35,404

  • 11a · Other revenue: OTHER INCOME

    total $2,685 · excluded $2,685

  • 11e · Other revenue, total

    $2,685

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $346,758 · program services $346,758

  • 7 · Other salaries and wages

    total $268,343 · fundraising $268,343

  • 8 · Pension plan contributions

    total $8,179 · fundraising $8,179

  • 9 · Other employee benefits

    total $18,484 · fundraising $18,484

  • 10 · Payroll taxes

    total $20,367 · fundraising $20,367

  • 11a · Fees: management

    total $62,371 · management and general $46,778 · fundraising $15,593

  • 11c · Fees: accounting

    total $19,000 · management and general $19,000

  • 11f · Fees: investment management

    total $101,461 · management and general $101,461

  • 12 · Advertising and promotion

    total $22,581 · fundraising $22,581

  • 13 · Office expenses

    total $22,402 · fundraising $22,402

  • 14 · Information technology

    total $43,133 · management and general $9,546 · fundraising $33,587

  • 16 · Occupancy

    total $24,607 · management and general $8,082 · fundraising $16,525

  • 17 · Travel

    total $3,255 · fundraising $3,255

  • 23 · Insurance

    total $15,295 · management and general $15,295

  • 24a · Other expenses: PURCHASED SERVICES

    total $86,577 · fundraising $86,577

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $12,490 · management and general $2,282 · fundraising $10,208

  • 24c · Other expenses: EQUIPMENT RENTAL & MAIN

    total $5,513 · fundraising $5,513

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $2,196 · fundraising $2,196

  • 24e · All other expenses

    total $568 · management and general $568

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $220,735 · end of year $92,078

  • 3 · Pledges and grants receivable

    beginning of year $10,568 · end of year $132,400

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,015 · end of year $2,725

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

    $39,189

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

    $39,189

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $24,033,040 · end of year $27,223,628

  • 12 · Investments: other securities

    beginning of year $37,512 · end of year $34,203

  • 15 · Other assets

    beginning of year $1,119,134 · end of year $1,221,118

  • 17 · Accounts payable and accrued expenses

    beginning of year $39,013 · end of year $43,985

  • 19 · Deferred revenue

    beginning of year $12,300

  • 25 · Other liabilities

    beginning of year $386,740 · end of year $291,570

  • 27 · Net assets without donor restrictions

    beginning of year $23,821,154 · end of year $26,997,808

  • 28 · Net assets with donor restrictions

    beginning of year $1,164,797 · end of year $1,372,789

Mission and programs · 2023

Mission

OUR VISION IS OF A COMMUNITY WHERE THOSE WITH AND WITHOUT DISABILITIES LEARN TO SHARE AND ENRICH EACH OTHER'S LIVES THROUGH MEANINGFUL INTERACTIONS THAT CULTIVATE MUTUAL RESPECT AND UNCONDITIONAL LOVE. OUR MISSION IS TO OFFER HIGHLY COMPASSIONATE, (SEE SCHEDULE O)

Activities or mission (Part I)

CEDAR LAKE FOUNDATION, INC. IS DEFINED BY THE IRS AS A 501(C)(3) NONPROFIT AND (SEE SCHEDULE O) "PUBLIC CHARITY" UNDER SECTION 509(A)(1) AND PERFORMS FUNDRAISING, FUND MANAGEMENT, FUND DISTRIBUTIONS, MARKETING AND COMMUNICATIONS TO SUPPORT THE MISSION OF CEDAR LAKE.

  • SUPPORT AND GRANTS:CEDAR LAKE FOUNDATION HOLDS, MANAGES, INVESTS AND DISTRIBUTES FUNDS TO THE SUBSIDIARIES OF CEDAR LAKE, INC. CEDAR LAKE FOUNDATION PROVIDES GRANTS AND FINANCIAL ASSISTANCE TO CEDAR LAKE LODGE AND CEDAR LAKE RESIDENCES FOR INDIVIDUALS SUPPORTED BY CEDAR LAKE. CEDAR LAKE LODGE OPERATES INTERMEDIATE CARE FACILITIES SERVING 87 PERSONS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES. CEDAR LAKE RESIDENCES DELIVERS A WIDE ARRAY OF COMMUNITY-BASED RESIDENTIAL OPTIONS, COMMUNITY ACCESS, SUPPORTED EMPLOYMENT, ADULT DAY AND OTHER IN-HOME SUPPORT TO ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES. DURING 2023, CEDAR LAKE FOUNDATION ASSISTED 201 INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES THROUGH FULL OR PARTIAL SUPPORT.

    Expenses $346,758 · Grants $346,758

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

Listed in Part VII

  • Mark Cooksey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Vaughn Bell

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jerry Roby

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Barbara Ford

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Bridget Lavin Rohlfing

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Nordstrom

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kevin Joynt

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jason Squires

    CHIEF OPERATING OFFICER

    Total calculated
    $196,809
    From this org
    $0
    From related orgs
    $158,675
    Other
    $38,134
    Hours/week
    0.3 + 39.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $148,334 related
    Bonus
    $0
    Other
    $0 + $10,341 related
    Deferred
    $0 + $6,425 related
    Nontaxable benefits
    $0 + $31,709 related
    Filer's total
    $0 + $196,809 related

  • Rick Davis

    CEO (EFFECTIVE 6.2023)

    Total calculated
    $139,753
    From this org
    $0
    From related orgs
    $139,459
    Other
    $294
    Hours/week
    13 + 27 related

  • Kathey Sanders

    EXECUTIVE DIRECTOR

    Total calculated
    $161,872
    From this org
    $144,828
    From related orgs
    $0
    Other
    $17,044
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,828
    Bonus
    $3,000
    Other
    $0
    Deferred
    $5,881
    Nontaxable benefits
    $11,163
    Filer's total
    $161,872

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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

  • CEDAR LAKE RESIDENCESINC

    $339,363

    SUPPLEMENT GOVERNMENT FUNDING FOR SUPPORTED LIVING PROGRAMS OF INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES LIVING IN HOUSING UNITS OWNED BY RELATED ORGANIZATIONS. GRANTS FOR PURCHASE OF CAPITAL ITEMS AND VARIOUS PROGRAMS AND ACTIVITIES.

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.

  • CEDAR LAKE INC

    501(C)(3) · PASSIVE PARENT CORPORATION FOR ALL CEDAR LAKE SUBSIDIARIES · KY

  • CEDAR LAKE LODGE INC

    501(C)(3) · HEALTH CARE FOR INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES · KY

    Directly controlled by CEDAR LAKE INC

  • CEDAR LAKE RESIDENCES INC

    501(C)(3) · HOUSING/SUPPORT FOR PERSONS WITH INTELLECUTAL AND DEVELOPMENTAL DISABILITIES · KY

    Directly controlled by CEDAR LAKE INC

  • CEDAR LAKE ABIGAIL INC

    501(C)(3) · HOUSING FOR PERSONS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES · KY

    Directly controlled by CEDAR LAKE INC

  • CEDAR LAKE PRINCETON INC

    501(C)(3) · HOUSING FOR PERSONS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES · KY

    Directly controlled by CEDAR LAKE INC

  • CEDAR LAKE BIRCHWOOD INC

    501(C)(3) · HOUSING FOR PERSONS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES · KY

    Directly controlled by CEDAR LAKE INC

  • CEDAR LAKE ST MATTHEWS INC

    501(C)(3) · HOUSING FOR PERSONS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES · KY

    Directly controlled by CEDAR LAKE INC

  • CEDAR LAKE EAST

    501(C)(3) · HOUSING FOR PERSONS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES · KY

    Directly controlled by CEDAR LAKE INC

  • CEDAR LAKE JEFFERSON MANOR INC

    501(C)(3) · HOUSING FOR PERSONS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES · KY

    Directly controlled by CEDAR LAKE INC

  • CEDAR LAKE CHERRRYWOOD INC

    501(C)(3) · HOUSING FOR PERSONS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES · KY

    Directly controlled by CEDAR LAKE INC

  • CEDAR LAKE KEELING INC

    501(C)(3) · HOUSING FOR PERSONS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES · KY

    Directly controlled by CEDAR LAKE INC

  • CEDAR LAKE MONTICELLO PARKE INC

    501(C)(3) · HOUSING FOR PERSONS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES · KY

    Directly controlled by CEDAR LAKE INC

  • CEDAR LAKE L'ESPRIT INC

    501(C)(3) · HOUSING FOR PERSONS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES · KY

    Directly controlled by CEDAR LAKE INC

  • CEDAR LAKE WASHBURN INC

    501(C)(3) · HOUSING FOR PERSONS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES · KY

    Directly controlled by CEDAR LAKE INC

  • GARLAND HOUSE INC

    501(C)(3) · HOUSING FOR PERSONS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES · KY

    Directly controlled by CEDAR LAKE INC

  • WILLOW POND FARM I INC

    501(C)(3) · HOUSING FOR PERSONS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES · KY

    Directly controlled by CEDAR LAKE INC

  • WILLOW POND FARM II INC

    501(C)(3) · HOUSING FOR PERSONS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES · KY

    Directly controlled by CEDAR LAKE INC

Provenance

Return type
form_990
Tax year
2023
Filed
31 May 2024
IRS schema version
2023v5.0
Source object
202401559349301200

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