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Capitol Lakes Inc

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

EIN: 391412320 ✦ Madison, WI ✦ Designated as a 501(c)(3)

Overview

What is Capitol Lakes Inc?

Capitol Lakes Inc is a Madison, Wisconsin-based nonprofit community dedicated to enhancing the quality of life for the elderly through a continuum of care services. They offer housing, nutritious meals, nursing, housekeeping, maintenance, and other forms of support for residents, catering to various levels of assistance including independent living, assisted living, and skilled nursing. The mission of Capitol Lakes aims to provide care and housing for the elderly, fostering a vibrant community where residents thrive. With a team of over 400 employees, they ensure the well-being and enrichment of the lives of those they serve.


Official website here: www.retirement.org

Is Capitol Lakes Inc legitimate?

Capitol Lakes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Capitol Lakes 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: $291,902
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,887,704

For more financial information, click here


Official website here: www.retirement.org

What is the mission statement of Capitol Lakes Inc?

Capitol Lakes Inc is a vibrant continuing care retirement community, dedicated to enriching the lives of elderly residents. The organization provides high-quality services, including housing, nutritious meals, nursing, housekeeping, maintenance, and other forms of support. Capitol Lakes offers various levels of care, catering to residents' evolving needs, from independent living to assisted living and skilled nursing. Their mission is to create a stimulating and secure environment where older adults can enjoy an improved quality of life. They are committed to providing excellent services and enhancing the overall well-being of the individuals they serve.


Official website here: www.retirement.org

Who is the CEO of Capitol Lakes Inc?

Sue Center is the Chair of Capitol Lakes Inc.


Official website here: www.retirement.org

What is the revenue of Capitol Lakes Inc?

Capitol Lakes Inc's revenue in 2022 was $33,889,765.


Official website here: www.retirement.org

Who are the executives of Capitol Lakes Inc and what are their salaries?

The average compensation at Capitol Lakes Inc during 2022 was $23,294. There are 437 employees and 15 volunteers at Capitol Lakes Inc.

Here are 11 key members and their salaries:

    Tim Conroy (Executive Director)
  • Compensation: $256,859
  • Related: $0
  • Other: $43,313

    • Kristin Vater (Health Center Administrator)
  • Compensation: $152,109
  • Related: $0
  • Other: $17,302

    • Steven Mellstrom (Hr Director)
  • Compensation: $116,291
  • Related: $0
  • Other: $26,361

    • Dayle Tessner (Director Of Nursing)
  • Compensation: $129,725
  • Related: $0
  • Other: $10,618

    • Tsering Damdul (Registered Nurse)
  • Compensation: $106,324
  • Related: $0
  • Other: $25,179

    • Sue Center (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

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

    • Sally Drew (Secretary/Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steve Johannsen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Harry Peterson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Pete Taylor (Resident Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.retirement.org

    Where can I find the form 990 for Capitol Lakes Inc?

    The Capitol Lakes Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.retirement.org

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

    Mission Statement of Capitol Lakes Inc

    Capitol Lakes Inc, a leading continuing care retirement community, is dedicated to enriching the lives of the elderly with high-quality services. Committed to creating a stimulating and secure environment, this vibrant organization provides housing, nutritious meals, nursing, housekeeping, maintenance, and other essential support to its residents.

    Capitalizing on their mission to provide care and housing for the elderly, Capitol Lakes goes above and beyond to offer a continuum of care that includes independent living, assisted living, and skilled nursing. By catering to various stages of senior living, the community ensures that their residents receive the appropriate level of support as their needs change.

    Capitol Lakes' primary focus is on enhancing the quality of life for each resident. With a commitment to excellence, they deliver services that not only address the basic needs of their elderly population but also help to maintain their overall wellbeing. The community's caring team focuses on enabling its residents to live their best lives, fostering a sense of independence, and ensuring their peace of mind.

    In essence, Capitol Lakes Inc is more than just a retirement community. It is a place where the elderly can thrive in a nurturing and supportive environment. By providing a wide range of services and catering to diverse needs, this community creates an atmosphere that fosters growth and independence, allowing its residents to age gracefully and enjoy their golden years to the fullest.

    Impact

    This information is meant to be a general summary of Capitol Lakes Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Capitol Lakes Inc positively impacts the lives of the elderly by providing high-quality care and housing services at their continuing care retirement community in Madison, WI. Their mission is dedicated to enhancing the quality of life for residents in a stimulating and secure environment. By offering independent living, assisted living, and skilled nursing services, Capitol Lakes Inc supports the well-being and comfort of the elderly population, contributing to the enrichment of their lives.





    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: $58,041
  • Program Service Revenue: $21,524,631
  • Gross Receipts: $33,924,740

    • Assets and Liabilities:
  • Total Assets: $43,546,740
  • Total Liabilities: $93,765,208
  • Net Assets: -$50,218,468
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    SERVICE FEES

    Revenue

    $11,773,958

    HEALTH CENTER

    Revenue

    $7,337,131

    ENTRANCE FEES

    Revenue

    $1,552,260

    HOME CARE

    Revenue

    $281,811

    DIETARY

    Revenue

    $178,939

    Organization Details

    Founding Year

    1990

    Principal Officer

    Sue Center

    Main Address

    333 WEST MAIN STREET, MADISON, WI, 53703

    NTEE Category

    Code: P750 - Human services

    If you are a representative of Capitol Lakes 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.