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Nonprofiteer
← LAKEVIEW VILLAGE FOUNDATION

Form 990 for tax year 2023

Filed by LAKEVIEW VILLAGE FOUNDATION.

Totals

Total revenue
$1,000,879
Total expenses
$259,241
Contributions and grants received
$778,577
Grants paid
$35,050
Program service revenue
$46,055
Investment income
$176,247
Other revenue
$0
Total assets, end of year
$6,578,881
Total liabilities, end of year
$119,340
Net assets or fund balances, end of year
$6,459,541
Program services expenses (Part IX)
$83,633
Management and general expenses
$0
Fundraising expenses
$175,608
Program service expenses (Part III)
$83,633

Program services were 32.3% 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.

  • 1f · All other contributions, gifts and grants

    $778,577

  • 2a · Program service revenue: CHAPLAIN

    total $46,055 · related or exempt $46,055

  • 3 · Investment income

    total $68,592 · excluded $68,592

  • 7a · Gross sales of assets other than inventory

    securities $5,670,890

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

    securities $5,563,235

  • 7c · Gain or loss

    securities $107,655

  • 7d · Net gain or loss

    total $107,655 · excluded $107,655

  • 10a · Gross sales of inventory

    $84,500

  • 10b · Cost of goods sold

    $84,500

  • 10c · Net income from sales of inventory

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $35,050 · program services $35,050

  • 7 · Other salaries and wages

    total $153,516 · program services $37,490 · fundraising $116,026

  • 8 · Pension plan contributions

    total $4,641 · fundraising $4,641

  • 9 · Other employee benefits

    total $4,215 · program services $926 · fundraising $3,289

  • 10 · Payroll taxes

    total $12,376 · program services $3,068 · fundraising $9,308

  • 11a · Fees: management

    total $24,000 · fundraising $24,000

  • 11b · Fees: legal

    total $117 · fundraising $117

  • 12 · Advertising and promotion

    total $542 · fundraising $542

  • 13 · Office expenses

    total $16,245 · program services $120 · fundraising $16,125

  • 14 · Information technology

    total $532 · program services $532

  • 17 · Travel

    total $47 · fundraising $47

  • 19 · Conferences, conventions and meetings

    total $3,513 · program services $2,000 · fundraising $1,513

  • 24a · Other expenses: MISCELLANEOUS

    total $4,447 · program services $4,447

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $205,576 · end of year $74,554

  • 2 · Savings and temporary cash investments

    beginning of year $1,192,269 · end of year $751,025

  • 3 · Pledges and grants receivable

    beginning of year $21,572 · end of year $208,400

  • 11 · Investments: publicly traded securities

    beginning of year $4,467,697 · end of year $5,544,902

  • 17 · Accounts payable and accrued expenses

    beginning of year $89,602 · end of year $49,340

  • 25 · Other liabilities

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

  • 27 · Net assets without donor restrictions

    beginning of year $2,126,380 · end of year $2,373,198

  • 28 · Net assets with donor restrictions

    beginning of year $3,601,132 · end of year $4,086,343

Mission and programs · 2023

Mission

TO ENRICH THE LIVES OF RESIDENTS OF LAKEVIEW VILLAGE AND TO CREATE A COMMUNITY THAT VALUES GIVING AS A WAY OF LIFE.

Activities or mission (Part I)

TO SUPPORT LAKEVIEW VILLAGE, INC., A 501(C)(3) ORGANIZATION.

  • THE LAKEVIEW VILLAGE FOUNDATION IS INVOLVED WITH AND HELPS IMPLEMENT THE STRATEGIC PLANS OF LAKEVIEW VILLAGE, INC., A KANSAS NOT-FOR-PROFIT CORPORATION. THE FOUNDATION RAISES FUNDING FOR VARIOUS LAKEVIEW VILLAGE, INC. PROJECTS, PROGRAMS AND SERVICES THAT BENEFIT RESIDENTS OF LAKEVIEW VILLAGE AND ITS SISTER COMMUNITY, RIDGEVIEW VILLAGE. THE FOUNDATION IS GOVERNED BY A 10-MEMBER BOARD OF TRUSTEES, SIX OF WHOM ARE LAKEVIEW RESIDENTS, AND IS SUPPORTED BY THE GENEROSITY OF RESIDENTS, FAMILIES, FRIENDS, CHARITABLE FOUNDATION AND BUSINESSES. OUR PRIMARY FOCUS IS TO PROVIDE ASSISTANCE TO LAKEVIEW VILLAGE RESIDENTS WHO CAN NO LONGER AFFORD THE FULL COST OF THEIR CARE, THROUGH NO FAULT OF THEIR OWN.

    Expenses $35,050 · Grants $35,050

  • THE CHAPLAINCY PROGRAM PROVIDES RELIGIOUS SERVICES TO MEET THE SPIRITUAL NEEDS OF LAKEVIEW VILLAGE RESIDENTS.

    Expenses $48,583 · Revenue $46,055

As filed on the 2023 return.

Listed in Part VII

  • Robert I Clausen Jr

    PRESIDENT/CEO (INTERIM VICE CHAIR)

    Total calculated
    $316,913
    From this org
    $0
    From related orgs
    $281,373
    Other
    $35,540
    Hours/week
    5 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $266,373 related
    Bonus
    $0 + $15,000 related
    Other
    $0
    Deferred
    $0 + $33,292 related
    Nontaxable benefits
    $0 + $2,248 related
    Filer's total
    $0 + $316,913 related

  • Cathy Lust

    PAST CHAIR (TERM END 2/2023)

    Total calculated
    $0
    Hours/week
    1

  • Steve Briody

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Joan Davies

    PAST SECRETARY (TERM END 2/2023)

    Total calculated
    $0
    Hours/week
    1

  • Cecil Miller

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Dale Warman

    PAST TRUSTEE (TERM END 2/2023)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Linda Cole

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John Quick

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Elaine Lorenzen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Debra Hallauer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mandy Stuke

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tom Phillips

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Gary Whittier

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Heath Leuck

    CFO

    Total calculated
    $200,126
    From this org
    $0
    From related orgs
    $191,126
    Other
    $9,000
    Hours/week
    5 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $183,626 related
    Bonus
    $0 + $7,500 related
    Other
    $0
    Deferred
    $0 + $7,471 related
    Nontaxable benefits
    $0 + $1,529 related
    Filer's total
    $0 + $200,126 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

The filer's explanations (Part III)

PART I, LINE 3
LAKEVIEW VILLAGE, A RELATED ORGANIZATION, USES THE FOLLOWING TO ESTABLISH COMPENSATION: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
PART I, LINE 4B
ROBERT I CLAUSEN, JR - 457 CONTRIBUTION PAYMENT OF $22,500 MADE IN 2023 WHICH WAS ACCRUED FOR IN 2022 AND DISCLOSED ON THE PRIOR YEAR RETURN. ROBERT I CLAUSEN, JR - 457 CONTRIBUTION ACCRUAL OF $22,500 FUNDS NOT TRANSFERRED AS OF 12-31-23. HEATH LEUCK - 457 CONTRIBUTION PAYMENT OF $10,000 MADE IN 2023 WHICH WAS ACCRUED FOR IN 2022 AND DISCLOSED ON THE PRIOR YEAR RETURN. HEATH LEUCK - 457 CONTRIBUTION ACCRUAL OF $10,000. FUNDS NOT TRANSFERRED AS OF 12-31-23.

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

  • LAKEVIEW VILLAGE INC

    $35,050

    SUPPORT THE OPERATIONS & RESIDENTS OF LAKEVIEW VILLAGE, INC.

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
202433209349308148

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