Charles E Lakin Foundation Inc
- Assets
- $183.9m
- Revenue
- $14.7m
- Investments
- $74.4m
- Employees
- 0
- Location
- Council Bluffs, IA
- Founding
- 08/2007
- Data as of
- 12/2022
- EIN
- 76-0751233
Organization Overview
Charles E Lakin Foundation Inc is located in Council Bluffs, IA. The organization was established in 2007. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Charles E Lakin 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.
Since 2016, Charles E Lakin Foundation Inc has awarded 303 individual grants totaling $41,131,521. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles E Lakin III Director/manager | 18 | $207,837 | |
Deborah L Johnson Director/manager | 18 | $131,637 | |
Joanna L Cellone Director Thru February | 1 | $31,305 | |
Stephen Wild Director/president | 40 | $403,035 | |
John L Hoich Director/vice President | 40 | $403,035 | |
Robyn Ritsch Director | 1 | $63,915 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,833,067 |
| Interest on Savings | $36,522 |
| Dividends & Interest | $446,076 |
| Net Rental Income | $1,054,644 |
| Net Gain on Sale of Assets | $3,725,982 |
| Capital Gain Net Income | $3,725,982 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $14,726,348 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,181,655 |
| Other employee salaries and wages | $159,535 |
| Pension plans, employee benefits | $24,054 |
| Interest | $521,134 |
| Taxes | $400,353 |
| Depreciation | $949,882 |
| Occupancy | $340,594 |
| Travel, conferences, and meetings | $52,697 |
| Printing and publications | $0 |
| Other expenses | $68,746 |
| Total operating and administrative expenses | $4,699,796 |
| Contributions, gifts, grants paid | $7,958,343 |
| Total expenses and disbursements | $12,658,139 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $352,550 |
| Savings and temporary cash investments | $4,883,694 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $78,771 |
| Net Investments - land, buildings, equipment | $85,582,679 |
| Investments—mortgage loans | $0 |
| Investments—other | $45,173,838 |
| Net Land, buildings, and equipment | $334,554 |
| Other assets | $18,262,731 |
| Total assets | $183,884,039 |
| Accounts payable and accrued expenses | $8,468 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $35,000,000 |
| Other liabilities | $400,880 |
| Total liabilities | $35,409,348 |
Grants Awarded
Over the last fiscal year, Charles E Lakin Foundation Inc has awarded $10,940,763 in support to 81 organizations.
| Grant Recipient | Amount |
|---|---|
100 BLACK MEN OF OMAHA INC PURPOSE: CONTRIBUTION FOR GENERAL PURPOSES | $75,000 |
AFRICAN AMERICAN EMPOWERMENT NETWORK INC PURPOSE: CONTRIBUTION FOR GENERAL PURPOSES | $522,760 |
APPLIED INFORMATION MANAGEMENT INSTITUTE PURPOSE: CONTRIBUTION FOR GENERAL PURPOSES | $100,000 |
ASSURE WOMENS CENTER PURPOSE: CONTRIBUTION FOR GENERAL PURPOSES | $500 |
AVENUE SCHOLARS FOUNDATION PURPOSE: CONTRIBUTION FOR GENERAL PURPOSES | $1,720,223 |
AT EAST USA PURPOSE: CONTRIBUTION FOR GENERAL PURPOSES | $3,000 |