La Amistad Foundation Inc
- Assets
- $6.5m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 70
- Location
- Fern Park, FL
- Founding
- 03/1972
- Data as of
- 12/2022
- EIN
- 59-1300982
Organization Overview
La Amistad Foundation Inc is located in Fern Park, FL. The organization was established in 1972. According to its NTEE Classification (F33) the organization is classified as: Residential Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2022, LA Amistad Foundation Inc employed 70 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. LA Amistad 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 12/2022, LA Amistad Foundation Inc generated $2.9m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $3.0m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LONG-TERM RESIDENTIAL PROGRAM FOR ADULTS WITH CHRONIC MENTAL ILLNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LA AMISTAD FOUNDATION, INC. DOES BUSINESS AS LAKEWOOD CENTER, A 52-BED LONG-TERM RESIDENTIAL TREATMENT PROGRAM FOR ADULTS WITH CHRONIC MENTAL ILLNESS. THE PROGRAM OFFERS 24-HOUR SUPERVISION, CASE MANAGEMENT, GROUP AND INDIVIDUAL THERAPY, VOCATIONAL PROGRAM, FITNESS PROGRAM, RECREATIONAL ACTIVITIES AND MEDICATION SUPERVISION. LA AMISTAD PROVIDED APPROXIMATELY 228,423 IN FINANCIAL ASSISTANCE/REDUCED FEES FOR RESIDENTS DURING 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carlton Talley III Chief Execut | Officer | 40 | $104,643 |
Sarah Summey CEO | Officer | 40 | $0 |
Linda Keller Zierold Chairperson | OfficerTrustee | $0 | |
Bruce Woodruff Treasurer | OfficerTrustee | $0 | |
Bryn Auld Trustee | Trustee | $0 | |
Teresa Williams Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $184,924 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $286,137 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $471,061 |
| Total Program Service Revenue | $2,468,659 |
| Investment income | $709 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$7,294 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,933,135 |
| 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. | $120,011 |
| Compensation of current officers, directors, key employees. | $54,005 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,440,383 |
| Pension plan accruals and contributions | $86,013 |
| Other employee benefits | $150,736 |
| Payroll taxes | $117,287 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,996 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,668 |
| Advertising and promotion | $33,573 |
| Office expenses | $35,010 |
| Information technology | $1,515 |
| Royalties | $0 |
| Occupancy | $318,140 |
| Travel | $30,550 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,388 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $167,202 |
| Insurance | $141,749 |
| All other expenses | $11,663 |
| Total functional expenses | $2,988,355 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,125 |
| Savings and temporary cash investments | $2,756,426 |
| Pledges and grants receivable | $28,900 |
| Accounts receivable, net | $26,307 |
| 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 | $125,158 |
| Net Land, buildings, and equipment | $3,167,872 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $211,367 |
| Intangible assets | $0 |
| Other assets | $116,250 |
| Total assets | $6,494,405 |
| Accounts payable and accrued expenses | $39,540 |
| Grants payable | $0 |
| Deferred revenue | $45,745 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $137,250 |
| 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 | $193,325 |
| Total liabilities | $415,860 |
| Net assets without donor restrictions | $5,820,935 |
| Net assets with donor restrictions | $257,610 |
| 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 | $6,494,405 |