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Lake Community Foundation Inc

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

EIN: 510497006 ✦ Eustis, FL ✦ Designated as a 501(c)(3)

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Overview

What is Lake Community Foundation Inc?

Lake Community Foundation Inc. serves as a community-focused philanthropic organization, empowering donors to contribute to their preferred charities. They manage their endowments to enhance the community's well-being, with programs including the sale of property for charitable purposes and the administration of a giving circle that concentrates on tackling homelessness issues. This nonprofit aims to make a meaningful impact in their community through their philanthropic initiatives.


Official website here: wwwthelakecommunityfoundation.org

Is Lake Community Foundation Inc legitimate?

Lake Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Community Foundation Inc submitted a form 990EZ, 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.


Official website here: wwwthelakecommunityfoundation.org

What is the mission statement of Lake Community Foundation Inc?

The Lake Community Foundation serves as a community-focused philanthropic organization, enabling contributors to support their preferred charities. Utilizing its endowments, the foundation works towards enhancing community welfare. Among its programs, the Lake Community Foundation offers property for sale, intended for charitable purposes, and operates a giving circle dedicated to addressing homelessness issues. This circle brings together individuals to collectively contribute towards and find solutions for this pressing societal concern.


Official website here: wwwthelakecommunityfoundation.org

Who is the CEO of Lake Community Foundation Inc?

Richard A Paul is the Treasurer of Lake Community Foundation Inc.


Official website here: wwwthelakecommunityfoundation.org

What is the revenue of Lake Community Foundation Inc?

Lake Community Foundation Inc's revenue in 2023 was $15,917.


Official website here: wwwthelakecommunityfoundation.org

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


Here are 9 key members and their salaries:


Tom Hofmeister (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard A Paul (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Brewer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anita Young (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John R Prickett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ann Huffstetler Rou (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Shamrock (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Warren Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dalton Yancey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: wwwthelakecommunityfoundation.org

Where can I find the form 990EZ for Lake Community Foundation Inc?

Lake Community Foundation Inc's most recent form 990EZ was submitted in 2023 and can be accessed here.


Official website here: wwwthelakecommunityfoundation.org

Learn more at the official website: wwwthelakecommunityfoundation.org

Mission Statement of Lake Community Foundation Inc

Lake Community Foundation Inc, functioning as a community foundation, empowers philanthropists to contribute to their preferred charities. By leveraging its endowments, the organization works towards enhancing the community's well-being. Moreover, Lake Community Foundation Inc runs a giving circle specifically dedicated to addressing the issue of homelessness. This circle serves as a platform for collective giving and community engagement, aiming to make a tangible impact on homelessness. Additionally, the foundation operates properties for sale, with the intention of utilizing them for charitable purposes. These initiatives collectively reflect Lake Community Foundation Inc's commitment to fostering a better community through philanthropy and targeted social interventions.

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Impact




October, 2024

Lake Community Foundation Inc plays a crucial role in enhancing the well-being of the Eustis, FL community through its commitment to philanthropy and strategic community initiatives. By providing a platform for philanthropists to donate to their favorite charities, it effectively amplifies the impact of charitable giving, ensuring that resources are directed towards meaningful causes.

The foundation's focus on utilizing its endowments for community betterment translates into tangible benefits, such as operating properties for charitable purposes. This not only generates revenue that can be reinvested in community projects but also creates opportunities for local organizations to thrive.

Moreover, the foundation's giving circle dedicated to addressing homelessness showcases its proactive approach to tackling critical social issues. By gathering community members to pool their resources and support efforts aimed at alleviating homelessness, the foundation fosters a collaborative spirit that strengthens community ties and promotes sustainable change.

Overall, Lake Community Foundation Inc's impact is reflected in its ability to mobilize resources, support local charities, and directly address pressing social challenges, all of which contribute to the overall improvement of the community.




This information is meant to be a general summary of Lake Community Foundation Inc. 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
$15,917 (2023)
Expenses
$19,435 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $1,542
  • Gross Receipts: $15,917

Assets and Liabilities:

  • Total Assets: $446,696
  • Total Liabilities: $0
  • Net Assets: $446,696

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Organization Details

Principal Officer

Richard A Paul

Main Address

PO BOX 1060, EUSTIS, FL, 32727

NTEE Category

Code: S123 - Community improvement

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