Overview
What is The Lakeland Foundation?
The Lakeland Foundation is a charitable organization situated in Kirtland, Ohio, dedicated to supporting Lakeland Community College. By fostering relationships and securing resources across Northeast Ohio, the foundation aims to uphold the college's mission of delivering quality learning opportunities that cater to the community's social and economic needs. The foundation's primary areas of support include student scholarships and grants, faculty development and teaching enhancement programs, and technology upgrades and resources for students and faculty. The scholarships and grants aim to bridge financial gaps for students, while faculty development programs encourage innovative teaching methods and collaborations. Technology upgrades help equip students with the necessary tools for the digital age, thereby enhancing their learning experience.
Official website here: www.lakelandfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
The Lakeland Foundation has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The foundation's score reflects a strong commitment to financial transparency, with a perfect score for independent board members and a robust audit committee. Additionally, the organization has effectively maintained a low liabilities-to-assets ratio, demonstrating good fiscal management.
Strengths highlighted in the evaluation include a high program expense ratio, which indicates that a significant portion of funds is directed towards its charitable programs. The foundation has also established comprehensive policies regarding conflict of interest and document retention, further underscoring its commitment to ethical governance. However, the absence of a whistleblower policy is noted, which could be a potential area for improvement.
While the foundation exhibits strong financial metrics, the fundraising efficiency ratio suggests room for enhancement in fundraising strategies, as it indicates low revenue generation relative to fundraising costs. Overall, The Lakeland Foundation showcases a well-managed organization with a solid commitment to its mission, though addressing the noted limitations could strengthen its operational effectiveness further.
This AI summary has been generated from information found on Charity Navigator.
Is The Lakeland Foundation legitimate?
The Lakeland Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Lakeland 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.
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For more financial information, click here
Official website here: www.lakelandfoundation.com
What is the mission statement of The Lakeland Foundation?
The Lakeland Foundation aims to establish connections and secure resources within Northeast Ohio. Its primary objective is to reinforce the mission of Lakeland Community College, which is to offer quality educational opportunities that cater to the social and economic needs of the community. The foundation has been instrumental in supporting the college in various ways, including funding student scholarships and grants, facilitating faculty development and teaching enhancement programs, and investing in technology upgrades and support to benefit both students and faculty.
In essence, The Lakeland Foundation seeks to strengthen the educational landscape of its community by backing initiatives that align with the goals of Lakeland Community College. This collaborative approach enables the college to deliver high-quality learning opportunities and cater to the diverse needs of its student body.
Official website here: www.lakelandfoundation.com
Who is the CEO of The Lakeland Foundation?
Michael E Mayher is the Principal Officer of The Lakeland Foundation.
Official website here: www.lakelandfoundation.com
What is the revenue of The Lakeland Foundation?
The Lakeland Foundation's revenue in 2022 was $2,055,610.
Official website here: www.lakelandfoundation.com
Who are the executives of The Lakeland Foundation and what are their salaries?
There 90 volunteers at The Lakeland Foundation.
Here are 44 key members and their salaries:
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Official website here: www.lakelandfoundation.com
Where can I find the form 990 for The Lakeland Foundation?
The Lakeland Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lakelandfoundation.com
Learn more at the official website: www.lakelandfoundation.com
Mission Statement of The Lakeland Foundation
The Lakeland Foundation works to establish connections and gather resources within Northeast Ohio, channeling them towards supporting Lakeland Community College's mission to offer high-quality learning opportunities that cater to the social and economic needs of the community. The foundation has demonstrated its commitment to this cause by providing assistance in various areas, including:
1. Student scholarships and grants: By offering financial aid, The Lakeland Foundation empowers deserving students to pursue their education and seize opportunities that might otherwise be beyond their reach.
2. Faculty development and teaching enhancement programs: Recognizing the importance of well-equipped educators, The Lakeland Foundation invests in programs that help teachers improve their skills and stay updated on the latest teaching methods, ultimately enhancing the learning experience for students.
3. Technology upgrades and support: To ensure that students and faculty have access to the necessary tools for success in today's digital age, The Lakeland Foundation provides funding for technology updates and support, enabling Lakeland Community College to remain competitive and offer a modern learning environment.
In summary, The Lakeland Foundation plays a crucial role in supporting Lakeland Community College by providing financial assistance in the form of scholarships, funding faculty development, and investing in technology upgrades. These initiatives contribute to the college's mission of offering quality learning opportunities that cater to the community's social and economic needs.
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Impact
October, 2024
The Lakeland Foundation significantly enhances educational opportunities for students at Lakeland Community College, fostering success and community development. By providing scholarships and grants, the foundation addresses financial barriers that prevent students from accessing quality education. Many students, despite their dedication and hard work, find it challenging to cover tuition costs and essential materials; the foundation plays a crucial role in bridging this financial gap.
Additionally, the foundation invests in faculty development and teaching enhancement programs. By funding innovative course and project development, it empowers educators to collaborate with community organizations and pursue professional growth, ultimately enriching the learning experience for students.
Technological advancements are also a key focus area. The foundation ensures that both students and faculty have access to modern equipment and resources essential for participating in today's knowledge economy. This includes grants for students to acquire necessary technology and funding for the continuous upgrade of classroom facilities.
Overall, The Lakeland Foundation is a vital partner in shaping the educational landscape, boosting student potential, supporting faculty excellence, and ensuring that Lakeland Community College meets the evolving social and economic needs of its community.
This information is meant to be a general summary of The Lakeland 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: $339,279
- Gross Receipts: $2,140,094
Assets and Liabilities:
- Total Assets: $7,699,012
- Total Liabilities: $64,592
- Net Assets: $7,634,420
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Organization Details
Founding Year
1981
Phone
(440) 525-7255Principal Officer
Michael E Mayher
Main Address
7700 CLOCKTOWER DRIVE, KIRTLAND, OH, 44094
Website
www.lakelandfoundation.comNTEE Category
Code: B82 - Education
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