Overview
What is Lakeshore Community Foundation Inc?
Lakeshore Community Foundation Inc, a public charity based in Manitowoc, Wisconsin, serves the counties of Sheboygan and Manitowoc. Their primary objective is to manage endowment funds for the long-term benefit of these communities. In 2022, they added nine new funds to their portfolio and closed one scheduled for distribution, resulting in a total of 91 funds with an aggregate market value of $66.6 million. The average fund size was approximately $732,000. The foundation witnessed significant growth in gifts to both new and existing funds, totaling $17.35 million in 2022. During the same year, they made 269 grants worth $2.62 million. Since its establishment in 2011, Lakeshore Community Foundation Inc has distributed over $19.9 million in grants, demonstrating their commitment to supporting their communities now and for future generations. Their mission is to gather, grow, and distribute charitable financial resources for the betterment of the communities they serve.
Official website here: www.lakeshorecommunityfoundation.org/
Is Lakeshore Community Foundation Inc legitimate?
Lakeshore Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lakeshore Community Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $119,853
Professional Fundraising Fees: $0
Other Salaries and Wages: $25,541
For more financial information, click here
Official website here: www.lakeshorecommunityfoundation.org/
What is the mission statement of Lakeshore Community Foundation Inc?
Lakeshore Community Foundation Inc's mission is centered around gathering, growing, and distributing charitable financial resources to benefit the communities it serves, both in the present and for future generations. The foundation, acting as a public charity, collects donations and manages endowment funds primarily for Sheboygan and Manitowoc counties. It receives, administers, and distributes gifts to its funds for the long-term benefit of these communities. In 2022, the foundation added nine new funds to its portfolio, closed one scheduled for distribution, and had a total of 91 funds with an aggregate market value of $66,623,000. The organization also made 269 grants during the year, totaling $2,618,000, and since its inception in 2011, it has distributed over $19,900,000 in grants.
Official website here: www.lakeshorecommunityfoundation.org/
Who is the CEO of Lakeshore Community Foundation Inc?
Rachel E Wiegert is the Chairman of Lakeshore Community Foundation Inc. The CEO's salary of Lakeshore Community Foundation Inc is $116,553 and their total compensation is $119,853.
Official website here: www.lakeshorecommunityfoundation.org/
What is the revenue of Lakeshore Community Foundation Inc?
Lakeshore Community Foundation Inc's revenue in 2022 was $7,908,496.
Official website here: www.lakeshorecommunityfoundation.org/
Who are the executives of Lakeshore Community Foundation Inc and what are their salaries?
The average compensation at Lakeshore Community Foundation Inc during 2022 was $48,465. There are 3 employees and 8 volunteers at Lakeshore Community Foundation Inc.
Here are 9 key members and their salaries (Lakeshore Community Foundation Inc's CEO's salary is $116,553 and their total compensation is $119,853):
- Rachel Wiegert (Chief Executive Officer)
- Thomas Aschenbrenner (Chairman) [Trustee/Director]
- Thomas Bare (Vice President) [Trustee/Director]
- Joseph Diraimondo (Treasurer) [Trustee/Director]
- Jane Pfeffer (Secretary) [Trustee/Director]
- Richard Balge (Board Member) [Trustee/Director]
- James Vopat (Board Member) [Trustee/Director]
- Randall Olm (Board Member) [Trustee/Director]
- Grant Pauly (Board Member) [Trustee/Director]
Official website here: www.lakeshorecommunityfoundation.org/
Where can I find the form 990 for Lakeshore Community Foundation Inc?
The Lakeshore Community Foundation Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.lakeshorecommunityfoundation.org/
Learn more at the official website: www.lakeshorecommunityfoundation.org/
Mission Statement of Lakeshore Community Foundation Inc
Lakeshore Community Foundation Inc, as a charitable organization, is dedicated to accumulating, expanding, and dispensing financial resources for the betterment of the communities it serves, now and for future generations. Its mission is to gather, grow, and give charitable financial resources, ensuring the long-term benefit of the communities it serves, primarily in Sheboygan and Manitowoc Counties. The foundation accepts gifts from individuals and organizations and manages endowment funds, utilizing these resources to make grants that contribute positively to the communities it serves. In 2022, Lakeshore Community Foundation added nine new funds to its portfolio, closed one that was scheduled to pay out, and had a total of 91 funds with an aggregate market value of $66,623,000 at year's end. The foundation also made 269 grants during 2022, totaling $2,618,000. Since its inception in 2011, Lakeshore Community Foundation has distributed over $19,900,000 in grants, demonstrating its commitment to its mission and the communities it serves.
Impact
This information is meant to be a general summary of Lakeshore Community Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Lakeshore Community Foundation Inc's impact is significant in the communities of Sheboygan and Manitowoc counties. Through its mission to gather, grow, and give charitable financial resources, the foundation has successfully managed endowment funds that benefit the local area for both current and future generations. The foundation's efforts have resulted in the establishment and growth of numerous funds, totaling $66,623,000 in aggregate market value by the end of 2022. Additionally, the foundation saw substantial growth in gifts to new and existing funds, reaching $17,353,000 in 2022.
One key aspect of Lakeshore Community Foundation Inc's impact is its grant-making activities. In 2022 alone, the foundation awarded 269 grants totaling $2,618,000 to support various community initiatives and projects. Since its establishment in May 2011, the foundation has distributed over $19,900,000 in grants, making a tangible difference in the lives of individuals and organizations within the community.
Overall, Lakeshore Community Foundation Inc's dedication to philanthropy and community development has resulted in significant positive outcomes for Sheboygan and Manitowoc counties, demonstrating its commitment to enhancing the well-being and prosperity of the communities it serves.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEE REVENUE
Revenue
$79,259
Organization Details
Founding Year
2009
Phone
(920) 682-5222
Principal Officer
Rachel E Wiegert
Main Address
915 MEMORIAL DRIVE, MANITOWOC, WI, 54220
NTEE Category
Code: T31 - Philanthropy
If you are a representative of Lakeshore Community Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.