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Laurel Lake Retirement Community Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 341779303 ✦ Hudson, OH ✦ Designated as a 501(c)(3)

Overview

What is Laurel Lake Retirement Community Foundation Inc?

Laurel Lake Retirement Community Foundation Inc, established in 1994, serves as the charitable arm of Laurel Lake Retirement Community. This nonprofit organization's mission is to support and enrich the lives of the community's residents, catering to their social, intellectual, physical, and emotional needs. Over the past two decades, the foundation has provided resources to help alleviate financial hardships faced by some residents, ensuring their continued care despite unanticipated circumstances. The foundation generates and manages resources to fund a variety of projects and programs, aiming to maintain an active, stimulating, and rewarding lifestyle for the residents.


Official website here: www.laurellake.org

Is Laurel Lake Retirement Community Foundation Inc legitimate?

Laurel Lake Retirement Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Laurel Lake Retirement 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.laurellake.org

What is the mission statement of Laurel Lake Retirement Community Foundation Inc?

The Laurel Lake Retirement Community Foundation Inc's mission is to encourage, administer, and coordinate charitable giving to fund enrichment projects, programs, and services for the benefit of the residents of Laurel Lake Retirement Community. Established in 1994, this charitable organization aims to generate and manage resources to enhance the quality of life for its residents, catering to their social, intellectual, physical, and emotional needs at all stages of life. The foundation is dedicated to inspiring the community of families, friends, and staff, and funds a variety of projects and programs that help care for residents during life's transitions, contributing to the active, stimulating, and rewarding lifestyle enjoyed by Laurel Lake residents.


Official website here: www.laurellake.org

Who is the CEO of Laurel Lake Retirement Community Foundation Inc?

David A Oster is the President of Laurel Lake Retirement Community Foundation Inc.


Official website here: www.laurellake.org

What is the revenue of Laurel Lake Retirement Community Foundation Inc?

Laurel Lake Retirement Community Foundation Inc's revenue in 2022 was $814,844.


Official website here: www.laurellake.org

Who are the executives of Laurel Lake Retirement Community Foundation Inc and what are their salaries?

Here are 7 key members and their salaries:

    David Oster (President) [Trustee/Director]
  • Compensation: $0
  • Related: $368,034
  • Other: $34,964

    • Sr Maryann Golonka Hm (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dr Jennifer Stanley (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Amy Mccarthy (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ann Kirk (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Blake Rawson (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William Fitzgerald (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.laurellake.org

    Where can I find the form 990 for Laurel Lake Retirement Community Foundation Inc?

    The Laurel Lake Retirement Community Foundation Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.laurellake.org

    Learn more at the official website: www.laurellake.org

    Mission Statement of Laurel Lake Retirement Community Foundation Inc

    Laurel Lake Retirement Community Foundation Inc, established in 1994, serves as the charitable arm of Laurel Lake Retirement Community. Its primary mission is to generate and manage resources to enrich the quality of life for Laurel Lake residents, catering to their social, intellectual, physical, and emotional needs at various stages of life. The foundation is dedicated to inspiring the community of families, friends, and staff, and it funds a wide array of projects and programs that help care for residents during life's transitions and contribute to the active, stimulating, and rewarding lifestyle enjoyed by Laurel Lake residents. The foundation's purpose is to vigorously support and enhance the living experiences of the residents, ensuring their needs are met throughout their journey.

    Impact

    This information is meant to be a general summary of Laurel Lake Retirement 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

    The impact of Laurel Lake Retirement Community Foundation Inc is significant in enhancing the quality of life for residents of Laurel Lake Retirement Community. By administering and coordinating charitable giving, the Foundation supports campus-wide enrichment projects, programs, and services that cater to the social, intellectual, physical, and emotional needs of residents. Through its philanthropic efforts, the Foundation ensures that residents receive the necessary resources to navigate life's transitions and maintain an active, stimulating, and rewarding lifestyle. Additionally, the Foundation provides peace of mind to Life Care contracted residents by offering subsidies in cases of unanticipated financial circumstances, thereby safeguarding their access to care and services.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $4,416
  • Program Service Revenue: $0
  • Gross Receipts: $2,048,516

    • Assets and Liabilities:
  • Total Assets: $5,076,444
  • Total Liabilities: $481,629
  • Net Assets: $4,594,815
  • Organization Details

    Founding Year

    1995

    Principal Officer

    David A Oster

    Main Address

    200 Laurel Lake Drive, Hudson, OH, 44236

    NTEE Category

    Code: T30 - Philanthropy

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