Overview
What is Lakeview Village Foundation?
Lakeview Village Foundation is a charitable organization, located in Lenexa, Kansas, with a focus on supporting Lakeview Village, Inc., a not-for-profit corporation. The foundation raises funds for various projects, programs, and services that benefit the residents of Lakeview Village and its sister community, Ridgeview Village. Governed by a 10-member board of trustees, six of whom are Lakeview residents, the foundation relies on the generosity of residents, families, friends, charitable foundations, and businesses. With a primary objective, the foundation aims to provide assistance to Lakeview Village residents who can no longer afford their care due to unforeseen circumstances. The foundation's mission is to enrich the lives of Lakeview Village residents and foster a community that values giving as a way of life.
Official website here: www.lakeviewvillage.org/about-us/lakeview-village
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (56%)
Lakeview Village Foundation has received a moderate score of 56%, resulting in a One-Star rating. The organization demonstrates strengths in governance, with 90% of its board members being independent, and it has strong policies in place regarding conflict of interest, whistleblowing, and document retention. Additionally, its financial oversight practices, including the presence of an Audit and Oversight Committee, are well-regarded.
However, the foundation faces significant challenges in its financial health, notably a low program expense ratio of 48.18% and a concerning liabilities to assets ratio of 2.71%. These financial metrics suggest that a relatively low percentage of its expenses are directed towards programs, which raises questions about the foundation's effectiveness and sustainability. Additionally, the lack of a posted tax form on its website is a noted compliance issue.
Overall, while Lakeview Village Foundation shows strengths in governance and accountability, its financial performance indicates areas needing improvement for better evaluation and trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Lakeview Village Foundation legitimate?
Lakeview Village Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lakeview Village 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: $160,866
For more financial information, click here
Official website here: www.lakeviewvillage.org/about-us/lakeview-village
What is the mission statement of Lakeview Village Foundation?
The Lakeview Village Foundation's mission is centered around enriching the lives of its residents and promoting a giving-oriented community. It supports Lakeview Village Inc., a 501(c)(3) organization, in implementing its strategic plans. The foundation raises funds for various projects, programs, and services that benefit the residents of Lakeview Village and its sister community, Ridgeview Village. The Lakeview Village Foundation is governed by a 10-member board of trustees, with six of them being Lakeview residents. The primary focus of the foundation is to provide assistance to Lakeview Village residents who can no longer afford the full cost of their care due to circumstances beyond their control. The foundation is also backed by the generosity of residents, families, friends, charitable foundations, and businesses.
Official website here: www.lakeviewvillage.org/about-us/lakeview-village
Who is the CEO of Lakeview Village Foundation?
Robert I Clausen Jr is the President/Ceo of Lakeview Village Foundation. The CEO's salary of Lakeview Village Foundation is $0 and their total compensation is $317,472.
Official website here: www.lakeviewvillage.org/about-us/lakeview-village
What is the revenue of Lakeview Village Foundation?
Lakeview Village Foundation's revenue in 2022 was $1,306,340.
Official website here: www.lakeviewvillage.org/about-us/lakeview-village
Who are the executives of Lakeview Village Foundation and what are their salaries?
The average compensation at Lakeview Village Foundation during 2022 was $80,433. There are 2 employees and 28 volunteers at Lakeview Village Foundation.
Here are 11 key members and their salaries (Lakeview Village Foundation's CEO's salary is $0 and their total compensation is $317,472):
- Compensation: $0
- Related: $274,389
- Other: $43,083
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $194,686
- Other: $21,257
Official website here: www.lakeviewvillage.org/about-us/lakeview-village
Where can I find the form 990 for Lakeview Village Foundation?
Lakeview Village Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lakeviewvillage.org/about-us/lakeview-village
Learn more at the official website: www.lakeviewvillage.org/about-us/lakeview-village
Mission Statement of Lakeview Village Foundation
The Lakeview Village Foundation, a charitable organization, is dedicated to supporting Lakeview Village, Inc., a 501(c)(3) entity. Its mission is to enrich the lives of the residents of Lakeview Village and foster a community that values giving as a way of life. The Foundation plays a crucial role in implementing strategic plans for Lakeview Village, Inc., a Kansas not-for-profit corporation. Through fundraising efforts, it supports various projects, programs, and services that benefit the residents of Lakeview Village and its sister community, Ridgeview Village.
The Lakeview Village Foundation is governed by a 10-member board of trustees, six of whom are Lakeview residents. It relies on the generosity of residents, families, friends, charitable foundations, and businesses for funding. One of its primary focuses is to provide assistance to Lakeview Village residents who can no longer afford the full cost of their care due to no fault of their own. The Foundation's mission is not just about financial support but also about creating a community where giving is a way of life, enriching the lives of its residents.
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Impact
July, 2024
Lakeview Village Foundation's impact is significant in enriching the lives of residents at Lakeview Village and promoting a community that values giving as a way of life. The foundation actively raises funds for various projects, programs, and services that benefit the residents of Lakeview Village and its sister community, Ridgeview Village. One of their primary focuses is to provide assistance to Lakeview Village residents who can no longer afford the full cost of their care, ensuring they receive the support they need. Through the generosity of residents, families, friends, charitable foundations, and businesses, the foundation plays a vital role in supporting the well-being and quality of life of individuals within these communities.
This information is meant to be a general summary of Lakeview Village 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: $20,642
- Program Service Revenue: $68,019
- Gross Receipts: $11,275,906
Assets and Liabilities:
- Total Assets: $5,887,114
- Total Liabilities: $159,602
- Net Assets: $5,727,512
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CHAPLAIN
Revenue
$68,019
Organization Details
Founding Year
1997
Phone
(913) 744-2430Principal Officer
Robert I Clausen Jr
Main Address
9100 PARK STREET, LENEXA, KS, 66215
NTEE Category
Code: T30 - Philanthropy
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