Friends Of Lakewood
- Assets
- $2.2m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 17
- Location
- Lakewood, WA
- Founding
- 09/1987
- Data as of
- 12/2021
- EIN
- 94-3041320
Organization Overview
Friends Of Lakewood is located in Lakewood, WA. The organization was established in 1987. According to its NTEE Classification (C11) the organization is classified as: Single Organization Support, under the broad grouping of Environment and related organizations. As of 12/2021, Friends Of Lakewood employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Lakewood 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, Friends Of Lakewood generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.9% each year . All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 18.6% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LAKEWOLD GARDENS PROVIDES INTENTIONAL ENCOUNTERS WITH THE LIFE-CHANGING POWER OF NATURE, FOSTERING PEACE, CREATIVITY AND HEALING IN OUR COMMUNITIES. LAKEWOLD GARDENS IS A CENTER FOR ART, MUSIC AND NATURE.
Describe the Organization's Program Activity:
THE ORGANIZATION SERVES THE PUBLIC WITH OFFERINGS OF TOURS, RENTALS, EVENTS, AND EDUCATIONAL ACTIVITIES. OVER 10,000 PEOPLE ANNUALLY FIND INSPIRATION AND ARE EDUCATED THROUGH THE 10 ACRE HISTORIC GARDEN ESTATE. THROUGH THE ORGANIZATION'S YOUTH PROGRAMS AND ADULT HORTICULTURE PROGRAMS, ANOTHER 350 PEOPLE ARE SERVED EACH YEAR. IN 2021 LAKEWOLD GARDENS STARTED "MUSIC FROM HOME AND A "WINTER GARDEN POETRY SERIES".
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Wagner Executive Director | Officer | 32 | $78,361 |
Carla Pelster President | OfficerTrustee | 2 | $0 |
Philip Eng Treasurer | OfficerTrustee | 2 | $0 |
Phyllis Griggs Vice President | OfficerTrustee | 2 | $0 |
Dwight Williams Secretary | OfficerTrustee | 2 | $0 |
Judy Wagner Honorary | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,899 |
| Fundraising events | $0 |
| Related organizations | $355,025 |
| Government grants | $183,116 |
| All other contributions, gifts, grants, and similar amounts not included above | $410,251 |
| Noncash contributions included in lines 1a–1f | $32,424 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $960,291 |
| Total Program Service Revenue | $81,513 |
| Investment income | $2,209 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$34,917 |
| 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 | $7,447 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,016,543 |
| 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. | $86,197 |
| Compensation of current officers, directors, key employees. | $12,929 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $385,834 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,709 |
| Payroll taxes | $52,848 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,445 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,554 |
| Advertising and promotion | $22,296 |
| Office expenses | $84,618 |
| Information technology | $4,646 |
| Royalties | $0 |
| Occupancy | $41,034 |
| Travel | $0 |
| 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 | $27,542 |
| Insurance | $25,572 |
| All other expenses | $1,050 |
| Total functional expenses | $1,028,766 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,399 |
| Savings and temporary cash investments | $289,869 |
| Pledges and grants receivable | $52,424 |
| 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 | $47,058 |
| Prepaid expenses and deferred charges | $7,790 |
| Net Land, buildings, and equipment | $1,784,803 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,245,343 |
| Accounts payable and accrued expenses | $142,411 |
| 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 | $149,900 |
| Other liabilities | $0 |
| Total liabilities | $292,311 |
| Net assets without donor restrictions | $1,953,032 |
| 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 | $2,245,343 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Friends Of Lakewood has recieved totaling $540,554.
| Awarding Organization | Amount |
|---|---|
Greater Tacoma Community Foundation Tacoma, WA PURPOSE: OPERATING SUPPORT | $355,025 |
M J Murdock Charitable Trust Vancouver, WA PURPOSE: NEW CURATORIAL STAFF | $124,000 |
M J Murdock Charitable Trust Vancouver, WA PURPOSE: NEW CURATORIAL STAFF | $42,000 |
L T Murray Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Gottfried & Mary Fuchs Foundation Phoenix, AZ PURPOSE: CHARITABLE | $5,000 |
Florence B Kilworth Charitable Trust 40-10-420-0161820 Phoenix, AZ PURPOSE: CHARITABLE | $3,000 |
Endowment Analysis
| Beg. Balance | $2,046,220 |
| Earnings | $358,634 |
| Admin Expense | $13,236 |
| Other Expense | $91,200 |
| Ending Balance | $2,300,418 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arboretum Foundation Seattle, WA | $5,481,104 | $1,607,358 |
Friends Of The Columbia Gorge Land Trust Portland, OR | $13,447,636 | $1,193,377 |
Friends Of Eagle River Nature Center Inc Eagle River, AK | $558,732 | $1,472,347 |
Friends Of Lakewood Lakewood, WA | $2,245,343 | $1,016,543 |
Bellevue Botanical Garden Society Bellevue, WA | $3,036,634 | $855,722 |
Western Rivers Forestry Portland, OR | $23,321,308 | $14,485,130 |
Oregonians In Action Fund Tukwila, WA | $0 | $7,160 |
Building Material Thrift Store Bellevue, ID | $97,434 | $373,797 |
Katmai Conservancy Anchorage, AK | $327,216 | $549,706 |
Japanese Garden Foundation Of Oregon Portland, OR | $6,342,217 | $298,995 |
B & L Woodwaste Custodial Trust Olympia, WA | $3,926,353 | $191,827 |
Friends Of The Conservatory Seattle, WA | $110,116 | $0 |