Lake Merritt Breakfast Club Foundation is located in Oakland, CA. The organization was established in 1984. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, 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. Lake Merritt Breakfast Club 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 12/2022, Lake Merritt Breakfast Club Foundation generated $13.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $27.2k during the year ending 12/2022. While expenses have increased by 5.9% per year over the past 8 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE PURPOSE OF THE FOUNDATION IS TO DEVELOP, MANAGE, AND DISBURSE CHARITABLE FUNDS IN SUPPORT OF PROGRAMS, MAINTENANCE PROJECTS AND CAPITAL PROJECTS IN AND ABOUT LAKE MERRITT AND LAKESIDE PARK.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael L Miraglia Secretary | 0 | $0 | |
Sarah E Kidder Lmbc Rep. | 0 | $0 | |
William S Riley Director | 0 | $0 | |
Kurt W Libby Vice President | 0 | $0 | |
Deanna M Osterberg Chief Fin. Off. | 0 | $4,950 | |
Abel J Guillen Lmbc Rep. | 0 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,000 |
| Total Program Service Revenue | $23 |
| Membership dues | $0 |
| Investment income | $3 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $13,026 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $4,950 |
| Professional fees and other payments to independent contractors | $503 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $126 |
| Other expenses | $5,036 |
| Total expenses | $27,215 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $238,721 |
| Other assets | $0 |
| Total assets | $238,971 |
| Total liabilities | $0 |
| Net assets or fund balances | $238,971 |