Lake Wales Care Center Inc
- Assets
- $12.1m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 130
- Location
- Lake Wales, FL
- Founding
- 01/1981
- Data as of
- 12/2021
- EIN
- 59-2015847
Organization Overview
Lake Wales Care Center Inc is located in Lake Wales, FL. The organization was established in 1981. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2021, Lake Wales Care Center Inc employed 130 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Wales Care Center 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 Wales Care Center Inc generated $3.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $2.6m during the year ending 12/2021. While expenses have increased by 4.1% 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 WALES CARE CENTER, INC. IS A FAITH BASED COMMUNITY SERVICE ORGANIZATION WHICH DEMONSTRATES CHRIST'S LOVE BY BUILDING BRIDGES BETWEEN PEOPLE IN NEED AND PEOPLE WITH A DESIRE TO SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LAKE WALES CARE CENTER IS A SOCIAL MINISTRY ORGANIZATION WITH A VARIETY OF PROGRAMS INCLUDING MEALS ON WHEELS, ADULT LITERACY, FREE HEALTH CLINIC, EMERGENCY AND BASIC NEEDS, HOME REPAIR PROJECTS, TRANSITIONAL HOUSING, PREGNANCY CENTER, THRIFT STORE, AND MUCH MORE. THE CARE CENTER PROVIDES SERVICES TO MEET IMMEDIATE NEEDS AND LONG TERM GOALS OF SELF-SUFFICIENCY. THE CARE CENTER SERVES AS A CLEARING HOUSE FOR MOBILIZING RESOURCES FROM LOCAL BUSINESSES, CHURCHES, CLUBS, AND FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Quam Executive Di | Officer | 50 | $88,077 |
Christine Daly Secretary | OfficerTrustee | 3 | $0 |
Rev Dr Scott Markley Chairman | OfficerTrustee | 3 | $0 |
Adell Jahna Vice Chairma | OfficerTrustee | 3 | $0 |
John Kimbrough Treasurer | OfficerTrustee | 3 | $0 |
Matt Cain Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,009,205 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,237,068 |
| Noncash contributions included in lines 1a–1f | $18,528 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,246,273 |
| Total Program Service Revenue | $115,819 |
| Investment income | $311 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $60,767 |
| Net Gain/Loss on Asset Sales | -$2,440 |
| Net Income from Fundraising Events | $49,246 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,191,391 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,663,098 |
| 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. | $88,077 |
| Compensation of current officers, directors, key employees. | $44,038 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,039,650 |
| Pension plan accruals and contributions | $15,547 |
| Other employee benefits | $206,649 |
| Payroll taxes | $88,714 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,066 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $77,081 |
| Advertising and promotion | $38,637 |
| Office expenses | $153,320 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $131,463 |
| Travel | $16,359 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $46,391 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $154,684 |
| Insurance | $94,218 |
| All other expenses | $92,280 |
| Total functional expenses | $2,606,033 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,227,719 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $228,814 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $76,374 |
| Prepaid expenses and deferred charges | $35,150 |
| Net Land, buildings, and equipment | $3,834,114 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,701,181 |
| Total assets | $12,103,352 |
| Accounts payable and accrued expenses | $172,317 |
| 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 | $1,116,847 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,289,164 |
| Net assets without donor restrictions | $10,814,188 |
| 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 | $12,103,352 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Lake Wales Care Center Inc has recieved totaling $178,811.
| Awarding Organization | Amount |
|---|---|
George Jenkins Foundation Inc Lakeland, FL PURPOSE: SUPPORT THE MISSION OF LAKE WALES CARE CENTER-BOTH CARE & HOME REHAB PROGRAM | $75,000 |
Mountain Lake Community Service Inc Lake Wales, FL PURPOSE: Charitable support | $55,266 |
Peace River Cooperative Charitable Foundation Inc Wauchula, FL PURPOSE: FOOD | $20,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Nitram Foundation Inc Pennington, NJ PURPOSE: UNRESTRICTED GENERAL | $5,000 |
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christ For All Nations Orlando, FL | $10,548,183 | $19,908,436 |
United Against Poverty Inc Vero Beach, FL | $21,479,964 | $11,068,487 |
Impact 360 Institute Inc Atlanta, GA | $4,530,260 | $9,934,364 |
Campus Outreach Serve Inc Hoover, AL | $4,070,578 | $8,268,154 |
Third Millennium Ministries Inc Casselberry, FL | $8,248,500 | $7,349,091 |
Suncoast Haven Of Rest Rescue Mission Inc Pinellas Park, FL | $540,922 | $5,432,743 |
Avant Garde Academy Inc Hollywood, FL | $1,307,443 | $5,391,830 |
The Rauner Family Foundation Key Largo, FL | $61,036,083 | $5,579,241 |
Buckhead Christian Ministry Inc Atlanta, GA | $4,936,507 | $4,578,885 |
Christians Reaching Out To Society Inc Lake Worth, FL | $3,934,731 | $3,748,964 |
Choice Book Of Gulf State Inc Theodore, AL | $0 | $1,459,933 |
North Georgia Camp And Retreat Ministries Inc Dahlonega, GA | $18,005,770 | $6,432,475 |