Overview
What is Lakeshore Community Foundation Inc?
Lakeshore Community Foundation Inc, a public charity based in Manitowoc, Wisconsin, serves the counties of Sheboygan and Manitowoc. Their primary objective is to manage endowment funds for the long-term benefit of these communities. In 2022, they added nine new funds to their portfolio and closed one scheduled for distribution, resulting in a total of 91 funds with an aggregate market value of $66.6 million. The average fund size was approximately $732,000. The foundation witnessed significant growth in gifts to both new and existing funds, totaling $17.35 million in 2022. During the same year, they made 269 grants worth $2.62 million. Since its establishment in 2011, Lakeshore Community Foundation Inc has distributed over $19.9 million in grants, demonstrating their commitment to supporting their communities now and for future generations. Their mission is to gather, grow, and distribute charitable financial resources for the betterment of the communities they serve.
Official website here: www.lakeshorecommunityfoundation.org
What are the reviews and ratings of this charity?
Lakeshore Community Foundation Inc holds an impressive Four-Star out of Four Star rating from Charity Navigator, with a score of 97%, reflecting its strong accountability and financial management. The foundation maintains a fully independent board and has consistently high scores across various financial metrics, emphasizing its commitment to transparency and responsible governance.
The organization demonstrates a robust program expense ratio, indicating a significant allocation of funds toward its mission-driven activities. It has a solid financial health standing, as evidenced by a favorable liabilities to assets ratio and impressive working capital ratio. However, the foundation's cost-effectiveness in fundraising could be improved, as indicated by a low efficiency ratio.
Unfortunately, user reviews from GreatNonprofits could not be fetched for this organization, so no community sentiment is available to add. Overall, Lakeshore Community Foundation Inc showcases a strong financial position and commitment to accountability, serving as a reliable option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Lakeshore Community Foundation Inc legitimate?
Lakeshore Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lakeshore Community Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $121,691
Professional Fundraising Fees: $0
Other Salaries and Wages: $49,018
For more financial information, click here
Official website here: www.lakeshorecommunityfoundation.org
What is the mission statement of Lakeshore Community Foundation Inc?
Lakeshore Community Foundation Inc's mission is centered around gathering, growing, and distributing charitable financial resources to benefit the communities it serves, both in the present and for future generations. The foundation, acting as a public charity, collects donations and manages endowment funds primarily for Sheboygan and Manitowoc counties. It receives, administers, and distributes gifts to its funds for the long-term benefit of these communities. In 2022, the foundation added nine new funds to its portfolio, closed one scheduled for distribution, and had a total of 91 funds with an aggregate market value of $66,623,000. The organization also made 269 grants during the year, totaling $2,618,000, and since its inception in 2011, it has distributed over $19,900,000 in grants.
Official website here: www.lakeshorecommunityfoundation.org
Who is the CEO of Lakeshore Community Foundation Inc?
Rachel Wiegert is the CEO of Lakeshore Community Foundation Inc The CEO's salary of Lakeshore Community Foundation Inc is $110,000 and their total compensation is $121,691.
Official website here: www.lakeshorecommunityfoundation.org
What is the revenue of Lakeshore Community Foundation Inc?
Lakeshore Community Foundation Inc's revenue in 2023 was $13,617,516.
Official website here: www.lakeshorecommunityfoundation.org
Who are the executives of Lakeshore Community Foundation Inc and what are their salaries?
The average compensation at Lakeshore Community Foundation Inc during 2023 was $56,903. There are 3 employees and 10 volunteers at Lakeshore Community Foundation Inc.
Here are 11 key members and their salaries (Lakeshore Community Foundation Inc's CEO's salary is $110,000 and their total compensation is $121,691):
- Compensation: $110,000
- Related: $0
- Other: $11,691
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.lakeshorecommunityfoundation.org
Where can I find the form 990 for Lakeshore Community Foundation Inc?
Lakeshore Community Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lakeshorecommunityfoundation.org
Learn more at the official website: www.lakeshorecommunityfoundation.org
Mission Statement of Lakeshore Community Foundation Inc
Lakeshore Community Foundation Inc, as a charitable organization, is dedicated to accumulating, expanding, and dispensing financial resources for the betterment of the communities it serves, now and for future generations. Its mission is to gather, grow, and give charitable financial resources, ensuring the long-term benefit of the communities it serves, primarily in Sheboygan and Manitowoc Counties. The foundation accepts gifts from individuals and organizations and manages endowment funds, utilizing these resources to make grants that contribute positively to the communities it serves. In 2022, Lakeshore Community Foundation added nine new funds to its portfolio, closed one that was scheduled to pay out, and had a total of 91 funds with an aggregate market value of $66,623,000 at year's end. The foundation also made 269 grants during 2022, totaling $2,618,000. Since its inception in 2011, Lakeshore Community Foundation has distributed over $19,900,000 in grants, demonstrating its commitment to its mission and the communities it serves.
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Impact
October, 2024
Lakeshore Community Foundation Inc has a significant impact on the communities it serves, particularly in Sheboygan and Manitowoc Counties. By gathering, growing, and distributing charitable financial resources, the foundation fosters long-term sustainability and support for local initiatives. In 2022 alone, the foundation added nine new funds to its portfolio, which now totals 91 funds with a market value of over $66 million. The average fund size of approximately $732,000 reflects the substantial financial backing available for community projects and services.
During the same year, the foundation experienced remarkable growth in gifts, totaling over $17 million, demonstrating a strong commitment from individuals and organizations to support local needs. With 269 grants amounting to more than $2.6 million allocated in 2022, Lakeshore Community Foundation continues to play a crucial role in enhancing the quality of life in the region. Since its inception, it has distributed nearly $20 million in grants, ensuring that resources are effectively channeled into initiatives that enrich the community now and for future generations.
This information is meant to be a general summary of Lakeshore Community Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1,124,675
- Program Service Revenue: $91,761
- Gross Receipts: $15,135,382
Assets and Liabilities:
- Total Assets: $68,694,276
- Total Liabilities: $26,011,862
- Net Assets: $42,682,414
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEE REVENUE
Revenue
$91,761
Organization Details
Founding Year
2009
Principal Officer
Rachel E Wiegert
NTEE Category
Code: T31 - Philanthropy
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