Lakeside Foundation
- Assets
- $50.7m
- Revenue
- $3.2m
- Investments
- $50.4m
- Employees
- 0
- Location
- Jenkintown, PA
- Founding
- 01/1956
- Data as of
- 12/2021
- EIN
- 94-6066229
Organization Overview
Lakeside Foundation is located in Jenkintown, PA. The organization was established in 1956. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Lakeside Foundation 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, Lakeside Foundation generated $3.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (14.6%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (21.3%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lakeside Foundation has awarded 264 individual grants totaling $5,017,000. 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 |
|---|---|---|---|
Laura D Mateo President | 0 | $0 | |
Kenneth P Mateo Director | 0 | $0 | |
Meredith Mateo Director | 0 | $0 | |
Wesley D Mateo Treasurer/secretary | 0 | $0 | |
Gregory W Mateo Vice President | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lakeside Corporation | 12/30/20 | $90,000 |
Seltzer Caplan Mcmahon Vitek | 12/30/20 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $138,929 |
| Interest on Savings | $2,503 |
| Dividends & Interest | $1,166,555 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,847,839 |
| Capital Gain Net Income | $1,847,839 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $58,750 |
| Total Revenue | $3,214,576 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $99,260 |
| Depreciation | $0 |
| Occupancy | $2,574 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,409 |
| Total operating and administrative expenses | $107,243 |
| Contributions, gifts, grants paid | $2,698,000 |
| Total expenses and disbursements | $2,805,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186,921 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $138,929 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $359,070 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $50,683,010 |
| Accounts payable and accrued expenses | $9,031 |
| 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 | $9,031 |
Grants Awarded
Over the last fiscal year, Lakeside Foundation has awarded $2,698,000 in support to 149 organizations.
| Grant Recipient | Amount |
|---|---|
SPIRIT OF AMERICA PURPOSE: AFGHANISTAN EMERGENCY FUND | $100,000 |
SEMPER FI FUND INJURED MARINE PURPOSE: GENERAL FUND | $100,000 |
Arlington, VA PURPOSE: GENERAL FUND | $100,000 |
Triangle, VA PURPOSE: GENERAL FUND | $50,000 |
New York, NY PURPOSE: GENERAL FUND | $50,000 |
ALL SAINTS CATHOLIC CHURCH - HAMPSTEAD NC PURPOSE: LIVING OUR FAITH, BUILDING TO SERVE CAMPAIGN | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |