Charles E Lakin Foundation Inc
- Assets
- $146.4m
- Revenue
- $18.8m
- Investments
- $69.0m
- Employees
- 0
- Location
- Council Bluffs, IA
- Founding
- 08/2007
- Data as of
- 12/2021
- 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 150 individual grants totaling $22,232,415. 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 |
|---|---|---|---|
John L Hoich Director, Vice President | 40 | $273,080 | |
Stephen Wild Director, President | 40 | $266,680 | |
Charles E Lakin III Director/manager | 18 | $128,400 | |
Deborah L Johnson Director/manager | 8 | $58,800 | |
Joanna L Cellone Director, Secretary | 8 | $40,000 | |
Tina Garland Treasurer | 8 | $36,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,373 |
| Dividends & Interest | $1,058,194 |
| Net Rental Income | $943,051 |
| Net Gain on Sale of Assets | $15,688,867 |
| Capital Gain Net Income | $15,688,867 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,758,116 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $833,210 |
| Other employee salaries and wages | $146,735 |
| Pension plans, employee benefits | $23,980 |
| Interest | $0 |
| Taxes | $296,715 |
| Depreciation | $359,622 |
| Occupancy | $749,093 |
| Travel, conferences, and meetings | $55,494 |
| Printing and publications | $0 |
| Other expenses | $94,480 |
| Total operating and administrative expenses | $2,943,283 |
| Contributions, gifts, grants paid | $5,880,661 |
| Total expenses and disbursements | $8,823,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,655,000 |
| Savings and temporary cash investments | $369,770 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $57,308,577 |
| Investments—mortgage loans | $0 |
| Investments—other | $45,506,328 |
| Net Land, buildings, and equipment | $343,945 |
| Other assets | $17,732,315 |
| Total assets | $146,415,136 |
| Accounts payable and accrued expenses | $8,654 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,654 |
Grants Awarded
Over the last fiscal year, Charles E Lakin Foundation Inc has awarded $5,880,661 in support to 62 organizations.
| Grant Recipient | Amount |
|---|---|
Omaha, NE PURPOSE: CONTRIBUTION FOR GENERAL PURPOSES | $1,789,160 |
AFRICAN AMERICAN EMPOWERMENT NETWORK INC PURPOSE: CONTRIBUTION FOR GENERAL PURPOSES | $756,641 |
Omaha, NE PURPOSE: CONTRIBUTION FOR SWIM PROGRAM | $512,000 |
Omaha, NE PURPOSE: CONTRIBUTION FOR GENERAL PURPOSES | $398,000 |
La Vista, NE PURPOSE: CONTRIBUTION FOR GENERAL PURPOSES | $380,000 |
Omaha, NE PURPOSE: CONTRIBUTION FOR GENERAL PURPOSES | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anthony Pritzker Fam Foundation Chicago, IL | $0 | $37,184,888 |
Goodman Family Operating Foundation Chaska, MN | $298,216,479 | $15,439,155 |
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Paula And Rodger Riney Foundation St Louis, MO | $118,536,395 | $1,770,419 |
Wca Foundation C/O The Minneapolis Foundation Minneapolis, MN | $0 | $1,050,329 |
Esther And Harold Mertz Foundation Sioux Falls, SD | $674,132,608 | $21,835,940 |
Pritzker Traubert Foundation Chicago, IL | $0 | $14,671,849 |
Larson Foundation Sioux Falls, SD | $23,259,212 | -$633,184 |
John T Vucurevich Foundation Rapid City, SD | $151,565,692 | $20,798,188 |
Fund For Wisconsin Scholars Inc Madison, WI | $273,321,225 | $22,010,196 |
Pohlad Family Foundation Minneapolis, MN | $102,001,164 | $18,381,775 |
Motorola Solutions Foundation Chicago, IL | $427,877 | $12,200,078 |