Overview
What is The Lakewood Foundation?
The Lakewood Foundation, established in 1996 as a 501(c)(3) organization, is a community-focused nonprofit based in Lakewood, Ohio. Its primary objective is to enhance the lives of Lakewood residents by providing fiscal support and management for local non-profit organizations and city departments. The foundation serves as a fiscal agent for various groups within Lakewood, assisting them with fundraising efforts. Some of the organizations they currently support include Friends of Madison Park, Lakewood Community Baseball Association, and the Lakewood Veterans Committee. Additionally, The Lakewood Foundation contributes to city programs such as The Family Room, H2O, and the Lakewood Commission on Aging. The foundation is governed by a community-representative board and invests a portion of its funds with reputable financial institutions.
Official website here: www.thelakewoodfoundation.org
Is The Lakewood Foundation legitimate?
The Lakewood Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Lakewood Foundation 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:
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For more financial information, click here
Official website here: www.thelakewoodfoundation.org
What is the mission statement of The Lakewood Foundation?
The Lakewood Foundation, a community-based, not-for-profit organization, improves the lives of its residents by acting as a fiscal agent for service groups and city departments. The trustees of the foundation support and aid in the implementation of special projects that they believe will enhance the well-being of the community. The mission of The Lakewood Foundation is to serve its community by facilitating and funding initiatives that contribute to its overall welfare.
Official website here: www.thelakewoodfoundation.org
Who is the CEO of The Lakewood Foundation?
Karen Lee is the President of The Lakewood Foundation.
Official website here: www.thelakewoodfoundation.org
What is the revenue of The Lakewood Foundation?
The Lakewood Foundation's revenue in 2022 was $305,398.
Official website here: www.thelakewoodfoundation.org
Who are the executives of The Lakewood Foundation and what are their salaries?
There 10 volunteers at The Lakewood Foundation.
Here are 9 key members and their salaries:
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Official website here: www.thelakewoodfoundation.org
Where can I find the form 990 for The Lakewood Foundation?
The Lakewood Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thelakewoodfoundation.org
Learn more at the official website: www.thelakewoodfoundation.org
Mission Statement of The Lakewood Foundation
The Lakewood Foundation, as a private, not-for-profit organization, is deeply committed to improving the lives of its community members. Acting as a fiscal agent for service groups and city departments, the foundation's trustees identify and support special projects that they believe will significantly enhance the well-being of Lakewood's residents. The Lakewood Foundation's mission is to serve as a catalyst for positive change within the community, striving to make a meaningful impact on the lives of its residents.
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Impact
October, 2024
The Lakewood Foundation significantly enhances the lives of residents in Lakewood by acting as a crucial support system for various community-driven initiatives and projects. By serving as the fiscal agent for service groups and city departments, the foundation helps streamline fundraising efforts and grant management, making it easier for local organizations to implement programs aimed at improving community well-being.
Since its establishment in 1996, the foundation has enabled multiple initiatives, such as the Family Room, H2O, and the Aging Nutrition Site, fostering a sense of community and providing essential services for diverse populations. By collaborating with organizations like Friends of Madison Park and the Lakewood Farmers Market, the foundation amplifies the impact of local groups, ensuring they have the resources needed to thrive.
The trustees of The Lakewood Foundation play an active role in identifying and advocating for special projects, furthering the foundation's mission of supporting the growth and development of the community. With a governance structure that includes community representation, the foundation remains responsive to the needs and aspirations of Lakewood's residents, ultimately helping them live more productive and dignified lives.
This information is meant to be a general summary of The Lakewood Foundation. 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 2022.
- Investment Income: $59,990
- Program Service Revenue: $57,473
- Gross Receipts: $310,798
Assets and Liabilities:
- Total Assets: $2,631,507
- Total Liabilities: $0
- Net Assets: $2,631,507
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REIMBURSEMENTS
Revenue
$32,982
SPORTS AND H2O REGISTRATIONS
Revenue
$14,402
FISCAL SPONSOR FEES
Revenue
$9,596
OTHER
Revenue
$493
Organization Details
Founding Year
1996
Phone
(216) 521-1515Principal Officer
Karen Lee
Main Address
16024 MADISON AVE, LAKEWOOD, OH, 44107
NTEE Category
Code: T11 - Philanthropy
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