Lake Care Inc
- Assets
- $2.2m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 12
- Location
- Mount Dora, FL
- Founding
- 05/2010
- Data as of
- 12/2021
- EIN
- 26-4223345
Organization Overview
Lake Care Inc is located in Mount Dora, FL. The organization was established in 2010. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2021, Lake Care Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Care 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, Lake Care Inc generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.9% each year . All expenses for the organization totaled $2.5m during the year ending 12/2021. While expenses have increased by 20.7% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LAKE CARES FOOD PANTRY IN MOUNT DORA, FL HAS ESTABLISHED ITSELF AS A STRATEGIC RESOURCE TO SUPPORT THE NEEDS OF HUNGRY FAMILIES THAT HAVE BEEN HIT BY UNFORESEEN AND UNFORTUNATE CIRCUMSTANCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAKE CARES FACTS 2021:55,563 INDIVIDUALS SERVED OVER 1,100,000 POUNDS OF FOOD;22,916 HOURS VOLUNTEERED;OPERATED AS A SERVICE LOCATION FOR SNAP (FOOD STAMPS) AND THE AFFORDABLE CARE HEALTH INSURANCE APPLICATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy Hoechst President | OfficerTrustee | 3 | $0 |
Julie Manning Secretary | OfficerTrustee | 3 | $0 |
Jack Mcmullen Treasurer | OfficerTrustee | 3 | $0 |
Monica Wofford Director | Trustee | 1 | $0 |
John Pease Director | Trustee | 1 | $0 |
Heather Mcpherson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,486,440 |
| Noncash contributions included in lines 1a–1f | $1,603,255 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,486,440 |
| Total Program Service Revenue | $0 |
| Investment income | $3,248 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,816 |
| Net Gain/Loss on Asset Sales | -$9,959 |
| Net Income from Fundraising Events | $13,322 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,512,867 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,850,872 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $319,956 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $23,786 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,097 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,750 |
| Advertising and promotion | $6,238 |
| Office expenses | $10,712 |
| Information technology | $8,192 |
| Royalties | $0 |
| Occupancy | $68,079 |
| Travel | $7,640 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,571 |
| Insurance | $20,930 |
| All other expenses | $58,075 |
| Total functional expenses | $2,462,326 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $783,445 |
| Savings and temporary cash investments | $43,476 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,372 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $188,270 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,169,468 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,070 |
| Total assets | $2,203,101 |
| Accounts payable and accrued expenses | $19,563 |
| Grants payable | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,171 |
| Total liabilities | $37,734 |
| Net assets without donor restrictions | $2,165,367 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,203,101 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lake Care Inc has recieved totaling $18,000.
| Awarding Organization | Amount |
|---|---|
Art And Phyllis Grindle Foundation Inc Orlando, FL PURPOSE: PROGRAM SUPPORT | $18,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Montgomery Community Action Committee Montgomery, AL | $13,253,001 | $19,355,950 |
Society Of St Vincent De Paul South Pinellas Inc St Petersburg, FL | $20,224,703 | $21,064,190 |
Community Service Programs Of West Alabama Inc Tuscaloosa, AL | $11,169,657 | $19,088,639 |
Catholic Charities Bureau Jacksonville, FL | $12,649,665 | $19,074,889 |
St Johns County Welfare Federation St Augustine, FL | $11,404,486 | $15,403,737 |
Coastal Georgia Area Community Action Authority Inc Brunswick, GA | $8,853,505 | $18,530,212 |
Changing Homelessness Inc Jacksonville, FL | $1,897,568 | $14,269,486 |
University Of Alabama Ophthalmology Services Foundation Birmingham, AL | $3,172,403 | $13,818,197 |
Hope Villages Of America Inc Clearwater, FL | $6,400,993 | $13,661,683 |
U S Space & Rocket Center Education Foundation Huntsville, AL | $18,280,145 | $26,134,184 |
Community Action Program Inc Pensacola, FL | $1,817,125 | $12,881,444 |
Automotive Aftermarket Association Southeast Health Fund Montgomery, AL | $888,375 | $12,395,120 |