LAKEWOOD FOUNDATION

LAKEWOOD, OH, 44107-5616 (216) 521-1515 Est. 1996 EIN 31-1529669
T11 - Single Organization Support 990 - Public charity return 501(c)(3)
thelakewoodfoundation.org

Mission

THE LAKEWOOD FOUNDATION IS A PRIVATE, NOT-FOR-PROFIT, COMMUNITY-BASED ORGANIZATION. THE LAKEWOOD FOUNDATION ENHANCES THE LIVES OF LAKEWOOD RESIDENTS BY SERVING AS THE FISCAL AGENT FOR SERVICE GROUPS AND CITY DEPARTMENTS. THE TRUSTEES OF THE LAKEWOOD FOUNDATION ASSIST AND SUPPORT SPECIAL PROJECTS THEY BELIEVE WILL FURTHER THE WELL BEING OF THE LAKEWOOD COMMUNITY.

Giving Portfolio

Total Grants
3
Total Giving
$138K
Recipients
3
Years Active
2022 - 2024
Avg grant: $46,112 Median: $20,677

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
20241$105K $105K01
20231$13K $13K10
20221$21K $21K10

Top States

Ohio
3

Top Grantees

CITY OF LAKEWOOD
OH - 2 grants
$118K
CITY OF LAKEWOOD
OH
$21K

Grants Awarded · 1 grants

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Financials

Total Revenue
$640,766
Total Expenses
$428,380
Net Assets
$3,142,802
15 volunteers
From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve
7.3 years Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 17.0%
Expenses ↑ 72.1%
Revenue Sources
Contributions 32.9% Earned revenue 17.3% Investment 49.5%
Expense Breakdown
Program 93.3% Management 6.7%

Officers & Trustees (10)

Individual compensation is available on Grow plans.

Filing History (6 filings)

YearRevenueExpensesNet Assets
2024 990 - Public charity return
Jan 1, 2024 to Dec 31, 2024
$640,766 ↑$428,380$3,142,802
2023 990 - Public charity return
Jan 1, 2023 to Dec 31, 2023
$547,787 ↑$248,878$2,930,416
2022 990 - Public charity return
Jan 1, 2022 to Dec 31, 2022
$305,398 ↓$205,583$2,631,507
2020 990 - Public charity return
Jan 1, 2020 to Dec 31, 2020
$316,342 ↓$221,397$2,828,361
2019 990 - Public charity return
Jan 1, 2019 to Dec 31, 2019
$2,000,210 ↑$167,309$2,547,777
2018 990 - Public charity return
Jan 1, 2018 to Dec 31, 2018
$193,568 $185,416$595,570

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EIN: 31-1529669 · Source: IRS Form 990 e-file data