Overview
What is Lake Trust Credit Union Foundation?
Lake Trust Credit Union Foundation is a nonprofit organization committed to improving communities in Michigan and beyond. Their primary mission involves educating, engaging, and donating to initiatives focused on economic empowerment and community enhancement. Specifically, they support organizations dedicated to community development, health, and the arts. Their recent grants of $20,000 have been utilized for various programs in Michigan, including those related to housing, investing, and teen programs. By investing in these causes, Lake Trust Credit Union Foundation aims to foster vibrant neighborhoods and contribute to a stronger Michigan, ultimately creating a better world.
Official website here: www.laketrust.org
Is Lake Trust Credit Union Foundation legitimate?
Lake Trust Credit Union Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Trust Credit Union 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.laketrust.org
What is the mission statement of Lake Trust Credit Union Foundation?
The Lake Trust Credit Union Foundation's mission is centered around fostering healthy and vibrant communities. They achieve this by promoting education, engagement, and giving in the areas of economic empowerment and community enhancement. The foundation supports organizations that invest in community development, health, and the arts, aiming to create lively neighborhoods, strengthen local areas, and contribute to a better world. Specifically, the foundation has awarded grants totalling $20,000 to various programs in Michigan, focusing on housing, investing, and teen initiatives.
Official website here: www.laketrust.org
What is the revenue of Lake Trust Credit Union Foundation?
Lake Trust Credit Union Foundation's revenue in 2023 was $375,055.
Official website here: www.laketrust.org
Who are the executives of Lake Trust Credit Union Foundation and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $963,485
- Other: $356,617
- Compensation: $0
- Related: $263,358
- Other: $31,806
- Compensation: $0
- Related: $227,590
- Other: $20,966
- Compensation: $0
- Related: $227,774
- Other: $20,851
- Compensation: $0
- Related: $194,047
- Other: $33,517
Official website here: www.laketrust.org
Where can I find the form 990 for Lake Trust Credit Union Foundation?
Lake Trust Credit Union Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.laketrust.org
Learn more at the official website: www.laketrust.org
Mission Statement of Lake Trust Credit Union Foundation
The Lake Trust Credit Union Foundation is committed to enhancing and invigorating communities by promoting education, engagement, and charitable giving, with a focus on economic empowerment and community enhancement. This nonprofit organization grants funds to organizations that share its vision of making a positive impact in community development, health, and the arts, thereby fostering vibrant neighborhoods, a stronger Michigan, and a better world. Specifically, the Lake Trust Credit Union Foundation awarded grants totaling $20,000 to support various programs in Michigan, including housing initiatives, investment programs, and teen-focused projects.
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Impact
October, 2024
Lake Trust Credit Union Foundation creates healthy and vibrant communities by focusing on education, engagement, and giving in economic empowerment and community enhancement. By awarding grants to organizations dedicated to community development, health, and the arts, the Foundation plays a significant role in fostering vibrant neighborhoods and a stronger Michigan. Recently, it awarded $20,000 in grants to support various programs in Michigan, specifically targeting housing initiatives, investment opportunities, and programs for teens. This commitment helps strengthen local communities and contributes to a better overall environment for residents.
This information is meant to be a general summary of Lake Trust Credit Union 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 2023.
- Investment Income: $5,839
- Gross Receipts: $449,801
Assets and Liabilities:
- Total Assets: $756,165
- Total Liabilities: $0
- Net Assets: $756,165
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Organization Details
Founding Year
2012
Principal Officer
David Snodgrass
Website
www.laketrust.orgNTEE Category
Code: P800 - Human services
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