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Greater Lake City Community Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 455337894 ✦ Lake city, MN ✦ Designated as a 501(c)(3)

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Overview

What is Greater Lake City Community Foundation?

The Greater Lake City Community Foundation, located in Lake City, Minnesota, is a dedicated nonprofit organization. Established with a mission to enhance the community, its key focus areas include Education, Community and Economic Development, Arts, and Environment. The foundation plays an active role in supporting initiatives that align with these pillars, aiming to contribute to a more prosperous and vibrant community. As part of its efforts, the foundation recently pledged to replace trees affected by disease in the city, demonstrating its commitment to the Environment pillar.


Official website here: www.lakecityfoundation.org

Is Greater Lake City Community Foundation legitimate?

Greater Lake City Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Lake City Community 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.lakecityfoundation.org

What is the mission statement of Greater Lake City Community Foundation?

The Greater Lake City Community Foundation operates with a mission to enhance the community by offering assistance in various sectors. Its key focus areas include Education, Community and Economic Development, Arts, and Environment. The foundation aims to contribute to the betterment of the community through its efforts in these pillars. While the provided information does not specify an official mission statement in a concise form, it can be inferred that the foundation's objective is to improve the community's overall well-being by supporting these crucial areas.


Official website here: www.lakecityfoundation.org

Who is the CEO of Greater Lake City Community Foundation?

Bruce Carlstrom is the Chairman of Greater Lake City Community Foundation.


Official website here: www.lakecityfoundation.org

What is the revenue of Greater Lake City Community Foundation?

Greater Lake City Community Foundation's revenue in 2022 was $95,037.


Official website here: www.lakecityfoundation.org

Who are the executives of Greater Lake City Community Foundation and what are their salaries?


Here are 9 key members and their salaries:


David James Schreck (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Beth Krehbiel (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce A Carlstrom (Secretary - Asst Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Lang (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Heather Banks (Asst Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kim Vetter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Pope (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jolene Harvey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Erika Blim (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.lakecityfoundation.org

Where can I find the form 990 for Greater Lake City Community Foundation?

Greater Lake City Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.lakecityfoundation.org

Learn more at the official website: www.lakecityfoundation.org

Mission Statement of Greater Lake City Community Foundation

Greater Lake City Community Foundation, as a community-focused organization, is committed to enhancing the well-being of its community. Its mission is centered around four key areas: Education, Community and Economic Development, Arts, and Environment. Through this mission, the foundation aims to contribute to the betterment of the community by providing assistance in each of these sectors. The foundation's efforts in Education aim to improve the learning opportunities and outcomes for the community's members. In Community and Economic Development, it seeks to foster a thriving local economy and a strong sense of community. The Arts pillar is dedicated to promoting creativity and cultural expression within the community, and the Environment pillar works towards preserving and enhancing the natural environment for future generations. By focusing on these areas, Greater Lake City Community Foundation strives to create a more vibrant and sustainable community.

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Impact




October, 2024

Greater Lake City Community Foundation plays a vital role in enhancing the quality of life in Lake City, Minnesota. By focusing on four key pillars—Environment, Arts, Community and Economic Development, and Education—it drives initiatives that foster growth, connection, and sustainability within the community.

One significant impact has been its involvement in replanting efforts, such as providing resources to replace trees lost to disease, which not only beautifies the area but also improves the environment. The foundation also supports local arts initiatives, enriching cultural experiences for residents and visitors alike.

Through its commitment to community and economic development, it encourages local businesses and fosters a sense of collaboration among residents, thereby strengthening the local economy. Furthermore, its emphasis on education ensures that community members have access to learning opportunities that can lead to personal and professional growth. Overall, the Greater Lake City Community Foundation is a catalyst for positive change, working tirelessly to nurture a vibrant, resilient, and inclusive Lake City community.




This information is meant to be a general summary of Greater Lake City Community 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.

Revenue
$95,037 (2022)
Expenses
$35,094 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $9,879
  • Gross Receipts: $95,037

Assets and Liabilities:

  • Total Assets: $379,013
  • Total Liabilities: $0
  • Net Assets: $379,013

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Organization Details

Founding Year

2012

Principal Officer

Bruce Carlstrom

Main Address

PO BOX 86, LAKE CITY, MN, 55041

NTEE Category

Code: S32 - Community improvement

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