Lakeland Retirement Foundation Ltd
- Assets
- $529.6k
- Revenue
- $78.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Woodruff, WI
- Founding
- 01/1979
- Data as of
- 12/2021
- EIN
- 39-1306202
Organization Overview
Lakeland Retirement Foundation Ltd is located in Woodruff, WI. The organization was established in 1979. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakeland Retirement Foundation Ltd 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 Retirement Foundation Ltd generated $78.7k 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 (5.3%) each year. All expenses for the organization totaled $52.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (23.1%) per year over the past 7 years. 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
TO BUILD A COMMUNITY THAT PROMOTES WELLNESSLEARNINGSERVICES AND FULLNESS OF LIFE FOR THE AGING POPULATION OF THE LAKELAND AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEWS LETTER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Rechkemmer Vice President | Officer | 1 | $0 |
Brian Nerdahl President | Officer | 3 | $0 |
Debby Wilson Sec | Officer | 1 | $0 |
Rick Edwardsen Treas | Officer | 1 | $0 |
John Bie Board Member | Trustee | 1 | $0 |
Cookie Lough Board Member | 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 | $77,203 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,203 |
| Total Program Service Revenue | $0 |
| Investment income | $1,516 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $78,719 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $25,715 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,000 |
| Payroll taxes | $2,127 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $176 |
| Fees for services: Accounting | $1,840 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $737 |
| Office expenses | $1,126 |
| Information technology | $1,590 |
| Royalties | $0 |
| Occupancy | $10,525 |
| Travel | $508 |
| 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 | $5,399 |
| All other expenses | $0 |
| Total functional expenses | $52,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $452,697 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $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 | $76,879 |
| Total assets | $529,576 |
| Accounts payable and accrued expenses | $216 |
| 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 | $0 |
| Total liabilities | $216 |
| Net assets without donor restrictions | $529,360 |
| 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 | $529,360 |
| Total liabilities and net assets/fund balances | $529,576 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lakeland Retirement Foundation Ltd has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northeast Iowa Area Agency On Aging Inc Waterloo, IA | $3,520,816 | $9,481,257 |
Northwestern Illinois Area Agency On Aging Rockford, IL | $1,728,698 | $8,905,917 |
East Central Illinois Area Agency On Aging Inc Bloomington, IL | $4,166,085 | $8,843,240 |
Community Nutrition Network And Senior Services Association North Riverside, IL | $1,942,321 | $8,150,796 |
Central Minnesota Council Aging Inc Sartell, MN | $1,275,140 | $7,874,791 |
Horizon Health Inc Pierz, MN | $5,933,505 | $9,032,202 |
North Shore Senior Center Northfield, IL | $8,808,686 | $7,733,028 |
Interfaith Older Adult Programs Inc Milwaukee, WI | $1,903,489 | $6,806,853 |
Agesmart Community Resources Ofallon, IL | $2,635,530 | $7,036,315 |
Council On Aging Inc Serving St Clair County Port Huron, MI | $8,207,459 | $6,761,442 |
Human Resources Authority Inc Escanaba, MI | $3,158,703 | $6,692,437 |
Western Illinois Agency On Aging Inc Rock Island, IL | $2,579,720 | $6,300,797 |