Overview
What is Lakeview Foundation?
Lakeview Foundation is a nonprofit organization situated in Paw Paw, Michigan, specifically at PO Box 508. Their primary mission is to provide scholarships to students residing in Van Buren County. With a dedicated team of 12 employees, they strive to support the educational aspirations of local youth, contributing to their overall development and future prospects. The Foundation's focus on scholarships demonstrates their commitment to the community and the belief in empowering its young members through education.
Official website here: www.lakeviewfoundationmi.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star Rating
Lakeview Foundation has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and financial health. The organization boasts a high program expense ratio of 96.64%, demonstrating its commitment to directing a significant portion of funds towards its mission-driven programs. Additionally, the foundation has maintained a perfect score for its independent board members, ensuring that its governance is free from conflicts of interest.
The foundation's financial practices are commendable, with a favorable liabilities to assets ratio of just 0.49%, suggesting a strong balance sheet. Essential policies, including conflict of interest and whistleblower policies, are in place and documented, reflecting the organization's commitment to transparency and ethical governance. These strengths underscore the reliability and integrity of the Lakeview Foundation in its operations.
While the rating is generally positive, it does not reach the highest levels, indicating there may be areas for further improvement. Nonetheless, the foundation's strong financial management and governance practices position it well within the nonprofit sector. Overall, Lakeview Foundation demonstrates a strong commitment to its mission and responsible stewardship of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Lakeview Foundation legitimate?
Lakeview Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lakeview 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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Other Salaries and Wages: $147,228
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Official website here: www.lakeviewfoundationmi.org
What is the mission statement of Lakeview Foundation?
The Lakeview Foundation's mission is centered around providing scholarships to students hailing from Van Buren County. This mission is carried out with the aim of supporting the educational aspirations of these students, thereby contributing to their overall development. The foundation's activities primarily revolve around granting scholarships, thereby providing financial aid to deserving students. This initiative enables students to pursue their academic goals without being hindered by financial constraints. The Lakeview Foundation's mission is instrumental in fostering education and empowering the younger generation.
Official website here: www.lakeviewfoundationmi.org
Who is the CEO of Lakeview Foundation?
John Tapper is the President of Lakeview Foundation.
Official website here: www.lakeviewfoundationmi.org
What is the revenue of Lakeview Foundation?
Lakeview Foundation's revenue in 2022 was $712,080.
Official website here: www.lakeviewfoundationmi.org
Who are the executives of Lakeview Foundation and what are their salaries?
The average compensation at Lakeview Foundation during 2022 was $12,269. There are 12 employees and 80 volunteers at Lakeview Foundation.
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Official website here: www.lakeviewfoundationmi.org
Where can I find the form 990 for Lakeview Foundation?
Lakeview Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lakeviewfoundationmi.org
Learn more at the official website: www.lakeviewfoundationmi.org
Mission Statement of Lakeview Foundation
Lakeview Foundation, a notable organization, is committed to providing scholarly support to students hailing from Van Buren County. Their primary mission is to distribute scholarships, aiming to alleviate financial burdens and open up educational opportunities for these students. By offering scholarships, Lakeview Foundation empowers the younger generation, enabling them to pursue their academic dreams and ultimately contribute to their communities in various ways. The organization's mission is a testament to its dedication to fostering education and nurturing the potential of Van Buren County's students.
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Impact
July, 2024
Lakeview Foundation's impact is significant in providing scholarships to Van Buren County students, supporting their educational aspirations and helping them pursue higher education opportunities. Through its commitment to offering financial assistance, Lakeview Foundation contributes to the academic success and future prospects of students in the area.
This information is meant to be a general summary of Lakeview 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: $62,028
- Program Service Revenue: $633,091
- Gross Receipts: $1,332,600
Assets and Liabilities:
- Total Assets: $3,244,305
- Total Liabilities: $16,174
- Net Assets: $3,228,131
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESALE STORE SALES
Revenue
$633,091
Organization Details
Founding Year
1986
Phone
(269) 657-6041Principal Officer
John Tapper
Main Address
PO BOX 508, PAW PAW, MI, 49079
Website
www.lakeviewfoundationmi.orgNTEE Category
Code: B82 - Education
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