Overview
What is Cedar Lake Foundation Inc?
Cedar Lake Foundation Inc, a 501(c)(3) nonprofit organization situated in Louisville, Kentucky, is dedicated to supporting individuals with intellectual and developmental disabilities. They manage and distribute funds to subsidiaries of Cedar Lake, Inc., offering financial aid to Cedar Lake Lodge and Cedar Lake Residences. Cedar Lake Lodge operates intermediate care facilities for 87 individuals, while Cedar Lake Residences provides various community-based residential options, employment opportunities, and in-home support. In 2022, the foundation assisted 212 individuals through full or partial support. The foundation's mission aligns with fostering a community where individuals with and without disabilities can enrich each other's lives, promoting mutual respect and unconditional love. (120 words)
Official website here: www.cedarlake.org
What are the reviews and ratings of this charity?
85% rating from Charity Navigator indicates that Cedar Lake Foundation Inc has a solid performance, earning a Three-Star out of Four Star rating. This score reflects strengths in accountability and finance, particularly highlighting their independent governance and rigorous financial oversight practices.
The organization boasts a strong commitment to transparency, with all board members being independent and effective policies in place, such as conflict of interest and whistleblower policies. Their high scores in constituent feedback and its usage demonstrate a responsive approach to community needs and engagement.
However, the foundation's program expense ratio at 57.04% suggests that a significant portion of its expenses may not be directed toward programmatic activities, which could be a concern for some donors. Additionally, while they score well in equity strategies, their policies and processes in this area show room for improvement, having received a lower score. Overall, Cedar Lake Foundation Inc exhibits a trustworthy operational framework but could enhance its program funding and equity initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Cedar Lake Foundation Inc legitimate?
Cedar Lake Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cedar Lake Foundation Inc 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: $325,623
For more financial information, click here
Official website here: www.cedarlake.org
What is the mission statement of Cedar Lake Foundation Inc?
The Cedar Lake Foundation Inc, classified as a 501(C)(3) nonprofit organization, strives to foster a community where individuals with and without disabilities can interact, learn from each other, and build mutual respect and unconditional love. Their mission is to provide highly compassionate support and grants, primarily to subsidiaries such as Cedar Lake Lodge and Cedar Lake Residences, which cater to individuals with intellectual and developmental disabilities. The foundation offers financial assistance to these subsidiaries, enabling them to provide services like intermediate care facilities, community-based residential options, supported employment, adult day programs, case management, and in-home support. The Cedar Lake Foundation aided 212 individuals with intellectual and developmental disabilities in 2022 through full or partial support.
Official website here: www.cedarlake.org
Who is the CEO of Cedar Lake Foundation Inc?
Jason Squires is the Chief Operating Officer of Cedar Lake Foundation Inc. The CEO's salary of Cedar Lake Foundation Inc is $0 and their total compensation is $100,275.
Official website here: www.cedarlake.org
What is the revenue of Cedar Lake Foundation Inc?
Cedar Lake Foundation Inc's revenue in 2022 was $2,560,930.
Official website here: www.cedarlake.org
Who are the executives of Cedar Lake Foundation Inc and what are their salaries?
The average compensation at Cedar Lake Foundation Inc during 2022 was $81,406. There are 4 employees at Cedar Lake Foundation Inc.
Here are 12 key members and their salaries (Cedar Lake Foundation Inc's CEO's salary is $0 and their total compensation is $100,275):
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- Related: $156,303
- Other: $38,638
- Compensation: $0
- Related: $100,275
- Other: $0
- Compensation: $148,449
- Related: $0
- Other: $16,901
Official website here: www.cedarlake.org
Where can I find the form 990 for Cedar Lake Foundation Inc?
Cedar Lake Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cedarlake.org
Learn more at the official website: www.cedarlake.org
Mission Statement of Cedar Lake Foundation Inc
Cedar Lake Foundation Inc, a recognized 501(c)(3) nonprofit organization, is driven by a vision of a community where individuals with and without disabilities can foster meaningful interactions, cultivating mutual respect and unconditional love. The organization's mission is to extend highly compassionate support to this community.
The Cedar Lake Foundation plays a significant role in the lives of individuals with intellectual and developmental disabilities. It manages and distributes funds to subsidiaries of Cedar Lake Inc, providing grants and needs-based financial assistance to Cedar Lake Lodge and Cedar Lake Residences. These entities offer essential services to individuals supported by Cedar Lake, including intermediate care facilities, community-based residential options, supported employment, adult day programs, case management, and in-home support.
In 2022, the Cedar Lake Foundation assisted 212 individuals with intellectual and developmental disabilities through full or partial support. This support enabled them to lead more fulfilling lives, benefiting from a wide range of opportunities designed to cater to their unique needs and abilities. By offering these essential services, Cedar Lake Foundation Inc seeks to create a more inclusive and supportive community, fostering respect, love, and meaningful interactions among its members.
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Impact
July, 2024
Cedar Lake Foundation Inc's impact is significant in providing support and grants to individuals with intellectual and developmental disabilities through its subsidiaries, Cedar Lake Lodge and Cedar Lake Residences. In 2022, the foundation assisted 212 individuals with disabilities through full or partial support, ensuring they receive the necessary care and resources. Cedar Lake Foundation's mission to offer highly compassionate services contributes to creating a community where people with and without disabilities interact with mutual respect and unconditional love.
This information is meant to be a general summary of Cedar Lake 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,349,495
- Gross Receipts: $7,428,729
Assets and Liabilities:
- Total Assets: $25,424,004
- Total Liabilities: $438,053
- Net Assets: $24,985,951
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Organization Details
Founding Year
1986
Phone
(502) 495-4946Principal Officer
Jason Squires
Main Address
9505 WILLIAMSBURG PLAZA 200, LOUISVILLE, KY, 40222
Website
www.cedarlake.orgNTEE Category
Code: P112 - Human services
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