Lakeshore Excellence Foundation
- Assets
- $765.1k
- Revenue
- $820.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Stevensville, MI
- Founding
- 04/1998
- Data as of
- 12/2021
- EIN
- 38-3402730
Organization Overview
Lakeshore Excellence Foundation is located in Stevensville, MI. The organization was established in 1998. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakeshore Excellence 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 12/2021, Lakeshore Excellence Foundation generated $820.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $339.3k during the year ending 12/2021. While expenses have increased by 0.0% 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
LEF SUPPORTS LAKESHORE PUBLIC SCHOOLS THROUGH VARIOUS FUNDRAISING PROJECTS FOR PROGRAMS AND PROJECTS THAT SUPPLEMENT AND ENRICH THE EDUCATION PROCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LAKESHORE EXCELLENCE FOUNDATION SERVES ITS PURPOSE THROUGH THE ISSUANCE OF VARIOUS GRANTS TO LAKESHORE PUBLIC SCHOOLS THAT ENHANCE THE EDUCATION PROCESS FOR ITS STUDENTS AND TEACHING STAFF. THIS HAS BEEN ACCOMPLISHED THROUGH THE PURCHASE OF VARIOUS INFORMATION TECHNOLOGY EQUIPMENT AND SOFTWARE IN ADDITION TO VARIOUS TEACHING AND LEARNING AIDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Risk Data Manager | Trustee | 2 | $1,058 |
Missy Emery Secretarial Assistant | Trustee | 2 | $585 |
J C Anderson Chairman | OfficerTrustee | 2 | $0 |
Kathleen Wolf Vice Chair Of Marketing | OfficerTrustee | 2 | $0 |
Jennifer Powers Treasurer | OfficerTrustee | 2 | $0 |
Jim Roberts Vice Chair Of Dei | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $30,575 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $793,852 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $824,427 |
| Total Program Service Revenue | $0 |
| Investment income | $854 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$4,462 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $820,819 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $317,926 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,643 |
| Compensation of current officers, directors, key employees. | $1,643 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,348 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $100 |
| Office expenses | $8,311 |
| Information technology | $3,480 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $1,520 |
| All other expenses | $2,016 |
| Total functional expenses | $339,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $648,231 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,500 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $115,371 |
| Total assets | $765,102 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $37,691 |
| 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 | $0 |
| Total liabilities | $37,691 |
| Net assets without donor restrictions | $727,411 |
| 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 | $765,102 |
Grants Awarded
Over the last fiscal year, Lakeshore Excellence Foundation has awarded $360,764 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LAKESHORE PUBLIC SCHOOLS PURPOSE: PROGRAM SUPPORT | $350,764 |
Fort Wayne, IN PURPOSE: GENERAL SUPPORT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lakeshore Excellence Foundation has recieved totaling $310,000.
| Awarding Organization | Amount |
|---|---|
Berrien Community Foundation Inc St Joseph, MI PURPOSE: GENERAL SUPPORT, LANCER LEADER DONATION, PROFESSIONAL DEVELOPMENT, 1 TO 1 TECH PROGRAM | $310,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |
Nationwide Foundation Columbus, OH | $86,187,581 | $42,470,606 |
Ford Motor Co Fund Dearborn, MI | $173,752,828 | $51,364,996 |
Farmer Family Foundation Cincinnati, OH | $165,004,074 | $63,392,827 |
American Electric Power Foundation Columbus, OH | $61,577,266 | $10,199,855 |
Anthem Foundation Inc Indianapolis, IN | $153,394,091 | $25,472,782 |
U S Bancorp Foundation Milwaukee, WI | $68,350,907 | $6,892,078 |
Dean & Barbara White Family Foundation Inc Merrillville, IN | $792,865,434 | $81,802,743 |
Wilson Sheehan Foundation Springfield, OH | $57,339,515 | $15,119,930 |