Lake Area United Way Inc
- Assets
- $2.5m
- Revenue
- $2.4m
- Investments
- $461.0k
- Employees
- 17
- Location
- Griffith, IN
- Founding
- 01/1972
- Data as of
- 06/2021
- EIN
- 23-7170019
Organization Overview
Lake Area United Way Inc is located in Griffith, IN. The organization was established in 1972. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Lake Area United Way Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Area United Way Inc 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 06/2021, Lake Area United Way Inc generated $2.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $4.3m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lake Area United Way Inc has awarded 280 individual grants totaling $13,722,592. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE LIVES BY MOBILIZING THE CARING POWER OF OUR COMMUNITY TO ADVANCE THE COMMON GOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BASIC NEEDS/COMMUNITY ASSISTANCE: THESE ARE FUNDS TO ASSIST PARTNER AGENCIES IN HELPING THOSE MOST IN NEED IN THE COMMUNITY.
COVID-19 RELIEF
COMMUNITY IMPACT INITIATIVES: THIS ENCOMPASSES PROGRAMS TO ASSIST THE ASSET LIMITED, INCOME CONSTRAINED, EMPLOYED (ALICE) FAMILIES WITHIN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Mcdermott Trustee | Trustee | 1 | $0 |
Allen M Spajer Trustee | Trustee | 1 | $0 |
Matt Saltanovitz Trustee | Trustee | 1 | $0 |
Michael Jasaitis Chairman | OfficerTrustee | 1 | $0 |
Christopher White Past Chair | OfficerTrustee | 1 | $0 |
Sherri Ziller Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,282,586 |
| Investment income | $16,083 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,615 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,378,977 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $269,969 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $97,794 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $436,672 |
| Pension plan accruals and contributions | $95,588 |
| Other employee benefits | $69,039 |
| Payroll taxes | $46,849 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,354 |
| Fees for services: Accounting | $26,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,752 |
| Fees for services: Other | $28,930 |
| Advertising and promotion | $41,618 |
| Office expenses | $16,646 |
| Information technology | $172,939 |
| Royalties | $0 |
| Occupancy | $7,996 |
| Travel | $3,496 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,458 |
| Interest | $1,114 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,623 |
| Insurance | $10,772 |
| All other expenses | $0 |
| Total functional expenses | $4,301,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $217,505 |
| Savings and temporary cash investments | $1,289,289 |
| Pledges and grants receivable | $372,358 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $34,759 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $460,996 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,544,209 |
| Accounts payable and accrued expenses | $47,522 |
| Grants payable | $265,308 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $14,522 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $47,767 |
| Total liabilities | $375,119 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $2,169,090 |
Grants Awarded
Over the last fiscal year, Lake Area United Way Inc has awarded $2,780,369 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS - LAKE COUNTY PURPOSE: $10,000 BASIC NEEDS GRANT PLUS $15,000 COVID-19 RELIEF PLUS $629 DESIGNATED BY DONOR | $25,629 |
BOYS & GIRLS CLUBS OF GREATER NWI INC PURPOSE: $15,000 COVID-19 RELIEF PLUS $100,000 ALICE ASSISTANCE GRANT PLUS $196 DESIGNATED BY DONOR | $115,196 |
CARMELITE SISTERSHOME FOR GIRLS PURPOSE: COVID-19 RELIEF | $7,926 |
COMMUNITIES IN SCHOOL OF EAST CHICAGO INCORPORATED PURPOSE: BASIC NEEDS GRANT | $7,500 |
CHICAGOLAND IMMIGRANT WELCOME NETWORK PURPOSE: BASIC NEEDS GRANT | $10,000 |
CATHOLIC CHARITIES DIOCESE OF GARY PURPOSE: $15,000 BASIC NEEDS GRANT PLUS $338,643 COVID-19 BUDGET PLUS $25,000 ALICE ASSISTANCE GRANT PLUS $155 DESIGNATED BY DONOR | $378,798 |