Lakeland Area Chamber Foundation Inc
- Assets
- $1.0m
- Revenue
- $78.8k
- Investments
- $891.3k
- Employees
- 0
- Location
- Lakeland, FL
- Founding
- 11/1973
- Data as of
- 12/2021
- EIN
- 23-7292186
Organization Overview
Lakeland Area Chamber Foundation Inc is located in Lakeland, FL. The organization was established in 1973. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakeland Area Chamber Foundation 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 12/2021, Lakeland Area Chamber Foundation Inc generated $78.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $114.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Lakeland Area Chamber Foundation Inc has awarded 85 individual grants totaling $183,212. 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 |
|---|---|---|---|
Gow Fields Director | 1 | $0 | |
Matthew Clark Director | 1 | $0 | |
Michelle Ledford Director | 1 | $0 | |
Will Link Chair | 1 | $0 | |
Adil Khan Director | 1 | $0 | |
Stephanie Colon Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100 |
| Interest on Savings | $1 |
| Dividends & Interest | $10,465 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $48,781 |
| Capital Gain Net Income | $18,897 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $19,450 |
| Total Revenue | $78,797 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $107,642 |
| Total operating and administrative expenses | $114,622 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $114,622 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,658 |
| Savings and temporary cash investments | $0 |
| 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 | $25,000 |
| Total assets | $1,023,961 |
| Accounts payable and accrued expenses | $102,586 |
| 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 | $102,586 |
Grants Awarded
Over the last fiscal year, Lakeland Area Chamber Foundation Inc has awarded $29,544 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
POLK EDUCATION FOUNDATION PURPOSE: CHARITABLE SUPPORT | $11,144 |
PACE CENTER FOR GIRLS PURPOSE: CHARITABLE SUPPORT | $7,500 |
Lakeland, FL PURPOSE: CHARITABLE SUPPORT | $5,900 |
JUNIOR ACHIEVEMENT OF POLK COUNTY PURPOSE: CHARITABLE SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Csra Economic Opportunity Authority Inc Augusta, GA | $4,657,645 | $27,091,304 |
Neighborhood Improvement Project Inc Augusta, GA | $12,770,161 | $24,738,698 |
Action Pact Inc Waycross, GA | $10,194,672 | $25,026,911 |
Tallatoona Community Action Partnership Inc Cartersville, GA | $2,878,907 | $21,403,724 |
Macon Bibb County Economic Opportunity Council Inc Macon, GA | $9,862,743 | $18,330,804 |
Economic Opportunity For Savannah Chatham County Area Inc Savannah, GA | $8,523,279 | $14,850,530 |
Coastal Plain Area Economic Opportunity Authority Inc Valdosta, GA | $6,623,534 | $13,801,263 |
Tri-County Community Council Inc Bonifay, FL | $6,451,084 | $10,551,381 |
Community Action For Improvement Inc Lagrange, GA | $4,305,950 | $11,116,636 |
Action Ministries Inc Atlanta, GA | $1,217,329 | $6,005,144 |
Economic Opportunities Council Of Indian River County Inc Vero Beach, FL | $1,869,765 | $6,434,584 |
Grand Avenue Economic Community Development Corp Orlando, FL | $15,324,319 | $6,865,821 |