Overview

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Est.

1996

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

The Lakewood Foundation is a private, not-for-profit organization based in Lakewood, focusing on philanthropy to enhance the lives of local residents. With an operating budget of $323.3K and total revenue of $640.8K for the 2024 filing year, the foundation serves as a fiscal agent for service groups and city departments, supporting special projects aimed at improving community well-being. The organization does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base. For more information, visit thelakewoodfoundation.org.

Mission Statement

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.
Revenues
$640.8K
Expenses
$428.4K
Net Income:
+$212.4K
Assets
$3.2M
Liabilities
$50K
Net Assets:
+$3.1M
Operating Budget
$323.3K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
2
Median grant size
$40.8K
Largest grant received
$79.6K
M
Michael Bentley
Board Member
B
Betsy Shaughnessy
Board Member
K
Kathy Haber
Board Member

Frequently Asked Questions

What is THE LAKEWOOD FOUNDATION’s budget?
In 2024, THE LAKEWOOD FOUNDATION reported an annual operating budget of around $323 thousand. More detailed financial information is available to registered users.
What causes does THE LAKEWOOD FOUNDATION support?
THE LAKEWOOD FOUNDATION supports work in Philanthropy.
Where does THE LAKEWOOD FOUNDATION operate?
THE LAKEWOOD FOUNDATION is headquartered in Lakewood, OH.
Who funded THE LAKEWOOD FOUNDATION recently?
In 2024, THE LAKEWOOD FOUNDATION received grants from HEALTHY LAKEWOOD FOUNDATION C/O KOHRMAN JACKSON & KRANTZ, CASTELE FAMILY FOUNDATION, and HEALTHY LAKEWOOD FOUNDATION C/O KOHRMAN JACKSON & KRANTZ. More information on this organization’s funders is available to registered users.
What is the largest grant THE LAKEWOOD FOUNDATION received in 2024?
The largest grant to THE LAKEWOOD FOUNDATION in 2024 exceeds $80 thousand.
What is THE LAKEWOOD FOUNDATION’s reliance on government grants?
THE LAKEWOOD FOUNDATION relied on government grants for more than 5% of their total revenue in 2024.