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Lakeshore Community Foundation Inc.

Lakeshore Community Foundation Inc.

Manitowoc, WI 54220
Tax ID27-0978059

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About this organization

Revenue

$4,685,331

Expenses

$1,555,210

Website

lakeshorecommunityfoundation.org

Mission

To gather, grow and give charitable financial resources to benefit the communities it serves.

About

Lakeshore Community Foundation, Inc. is a tax exempt public charity organized to promote and manage endowment funds primarily for the benefit of Sheboygan and Manitowoc counties. The foundation receives, administers, and distributes gifts from individuals and organizations for the long term benefit of the counties it serves. During 2019, the foundation added 10 new funds to its portfolio for a total of 63 funds with an aggregate market value of $43,140,000 at year end. Average fund size was $685,000. During 2019, growth in gifts to new and existing funds was $4,638,000. The foundation made 151 grants during 2019 totaling $1,556,000. Since the first fund was established in May 2011, the foundation has distributed more than $12,865,000 in grants.

Interesting data from their 2020 990 filing

The filing reveals the mission of the non-profit as “Lakeshore community foundation's mission is to gather, grow and give charitable financial resources in order to build stronger, more vibrant communities in sheboygan and manitowoc counities.”.

When detailing its functions, they were listed as: “To gather, grow and give charitable financial resources to benefit the communities it serves.”.

  • According to the law, the state where the non-profit operates has been reported as WI.
  • The filing specifies that the non-profit's address in 2020 was 915 MEMORIAL DRIVE, MANITOWOC, WI, 54220.
  • As of 2020, the non-profit's form shows they have a total of 1 employees.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is $3,130,121.
  • The organization has 8 independent voting members.
  • The organization was formed in 2009.
  • The organization pays $109,375 in salary, compensation, and benefits to its employees.
  • The organization pays $6,002 in fundraising expenses.

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