Kyle Lake Foundation
- Assets
- $233.3k
- Revenue
- $132.4k
- Investments
- $84.5k
- Employees
- 0
- Location
- Tyler, TX
- Founding
- 03/2007
- Data as of
- 12/2023
- EIN
- 20-8043772
Organization Overview
Kyle Lake Foundation is located in Tyler, TX. The organization was established in 2007. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kyle Lake Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Kyle Lake Foundation generated $132.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $110.7k during the year ending 12/2023. While expenses have increased by 0.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Kyle Lake Foundation has awarded 69 individual grants totaling $291,391. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David A Lake President | 8 | $0 | |
Shirley L Lake Vice President | 8 | $0 | |
Kristi Lake Fuller Director/sec | 2 | $0 | |
Jonathan Wood Lake Director/treas | 2 | $0 | |
Jennifer G Lake Director | 0.5 | $0 | |
Tracy Kelly Neal Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,600 |
| Interest on Savings | $638 |
| Dividends & Interest | $4,638 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$722 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $130 |
| Other Income | $123,165 |
| Total Revenue | $132,449 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $65 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $68,693 |
| Total operating and administrative expenses | $70,283 |
| Contributions, gifts, grants paid | $40,420 |
| Total expenses and disbursements | $110,703 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,638 |
| Savings and temporary cash investments | $109,592 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,655 |
| Total assets | $233,343 |
| Accounts payable and accrued expenses | $339 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $339 |
Grants Awarded
Over the last fiscal year, Kyle Lake Foundation has awarded $40,420 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHEAST TEXAS FELLOWSHIP OF CHRIS PURPOSE: FUND ORGANIZATION'S MISSION | $2,650 |
CHRISTIAN WOMENS JOB CORPS PURPOSE: FUND ORGANIZATION'S MISSION | $5,000 |
UNIVERSITY OF ARKANSAS PURPOSE: SCHOLARSHIPS | $2,500 |
EAST TEXAS BAPTIST UNIVERSITY PURPOSE: SCHOLARSHIPS | $2,500 |
UNIVERSITY OF TEXAS AT AUSTIN PURPOSE: SCHOLARSHIPS | $5,000 |
TYLER JUNIOR COLLEGE PURPOSE: SCHOLARSHIPS | $2,500 |