Foster an innovative arts, education and community destination to enrich quality of life.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
Run by 20 volunteers and 11 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $174K a year · 17% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $175K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$565K
18% of total assets
Looks good: liabilities are 18% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
+2% vs prior year
Spent
$1.1M
To programs
76%
Net assets
$2.6M
By yearFY2020–FY2024
Revenue
$1.2M
FY2024▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2020$899K
FY2021$938K
FY2022$1.0M
FY2023$1.2M
FY2024$1.2M
Expenses
$1.1M
FY2024▼ -1%
Tap a bar for its year
Expenses by fiscal year
FY2020$593K
FY2021$658K
FY2022$832K
FY2023$1.1M
FY2024$1.1M
Net assets
$2.6M
FY2024▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.0M
FY2021$2.3M
FY2022$2.5M
FY2023$2.5M
FY2024$2.6M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2002.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $855K Management & general 23% · $255K Fundraising 1% · $8K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Member
$0Pt VII · Sec A
Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A

Nancy Merkling’s $30K as Co-Executive Director is at the 4th percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Lakeside Legacy Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Enriching lives by fostering arts, education, and community.

Questions for Lakeside Legacy Foundation

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Provided by the organization

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3 programs · $855K · in their own filed words · FY2024
01

The entity seeks to preserve and protect the dole mansion and lakeside arts park for the community to experience . LLF has achieved and continued to do so by offering artists studios and event rental space for them to educate or create their own inspiring works.

$832Kprogram expense
02

The entity also has other programs such as the 1ST friday art shown where local artists showcase their work in the sage and dole gallery. It also has the listening room which hosts performances of musical artists across different genres. The entity remodeled the lous lounge in 2022 and had it open to public events in 2023.

$23Kprogram expense
03

Farmers market at the dole is an indoor and outdoor market experience that began in 2021. The market supports the preservation efforts of the historic property while supporting local small businesses, musicians and other artists. It also features children's attractions and live music.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$175K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Other incomeLn 4–11$527K
Fees for servicesLn 2g$351K
Gifts and grantsLn 1h$295K
Money outPt IX
$1.1M
Ln 25
Programscol B$855K
Managementcol C$255K
Fundraisingcol D$8K
Owns and owesPt X
$2.6M
net assets · Ln 32
Cash and savingsLn 1–2$276K
Total assetsLn 16$3.1M
LiabilitiesLn 26$565K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$295K
Noncash giftsLn 1g$41K
Fees for servicesLn 2g$351K
Investment incomeLn 3$6K
Other incomeLn 4–11$527K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$13K
SavingsLn 2$263K
Cash and savings togetherLn 1–2$276K
Land, buildings, equipmentLn 10c$2.8M
Other assetsLn 15$6K
Total assetsLn 16$3.1M
LiabilitiesLn 26$565K
Net assetsLn 32$2.6M
OperationsPt I, VI
EmployeesI 511
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$438K$276K
Land, buildings, equipmentLn 10c$2.6M$2.8M
Total assetsLn 16$3.1M$3.1M
LiabilitiesLn 26$612K$565K
Net assetsLn 32$2.5M$2.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$363K$349K$7K$7K
Payroll taxesLn 10$36K$35K$950$994
Accounting feesLn 11c$125K$125K
Other fees for servicesLn 11g$5K$5K$358
Advertising and promotionLn 12$54K$54K
Office expensesLn 13$14K$13K$763
Information technologyLn 14$6K$6K
OccupancyLn 16$1K$1K
InterestLn 20$20K$19K$812
Depreciation, depletion and amortizationLn 22$141K$136K$6K
InsuranceLn 23$34K$32K$2K$527
Other expenses (24a–d)Ln 24$256K$218K$38K
All other expensesLn 24e$64K$44K$20K
Total functional expensesLn 25$1.1M$855K$255K$8K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.2M$1.1M$61K$2.6M 990 PDF
FY2023 $1.2M$1.1M$20K$2.5M 990 PDF
FY2022 $1.0M$832K$199K$2.5M 990 PDF
FY2021 $938K$658K$281K$2.3M 990 PDF
FY2020 $899K$593K$306K$2.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,179,253 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $355,640$295,374
I-9 Program service revenuePrior year $306,771$350,655
I-10 Investment incomePrior year $15,502$5,777
I-11 Other revenuePrior year $474,323$527,447
I-12 Total revenuePrior year $1,152,236$1,179,253
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $462,139$399,081
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $669,600$719,414
I-18 Total expensesPrior year $1,131,739$1,118,495
I-19 Revenue less expensesPrior year $20,497$60,758
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,179,253 across 7 lines filed
Lines not itemized here account for $153,406 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$295,374
VIII-1g Noncash contributions (included above)$41,428
VIII-1h Total contributions, gifts and grants$295,374
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $314,113 · Unrelated business $36,542$350,655
VIII-3 Investment incomeRelated to mission $5,777$5,777
VIII-8 Net income from fundraising events$374,041
VIII-12 Total revenueRelated to mission $319,890 · Unrelated business $36,542 · Excluded from tax $153,406$1,179,253
Part IX · Statement of functional expenses $1,118,495 across 13 lines filed
IX-7 Other salaries and wagesPrograms $349,002 · Management $6,680 · Fundraising $6,950$362,632
IX-10 Payroll taxesPrograms $34,505 · Management $950 · Fundraising $994$36,449
IX-11c Accounting feesManagement $124,698$124,698
IX-11g Other fees for servicesPrograms $4,666 · Management $358$5,024
IX-12 Advertising and promotionManagement $53,618$53,618
IX-13 Office expensesPrograms $12,800 · Management $763$13,563
IX-14 Information technologyPrograms $5,604$5,604
IX-16 OccupancyManagement $1,380$1,380
IX-20 InterestPrograms $19,337 · Management $812$20,149
IX-22 Depreciation, depletion and amortizationPrograms $135,531 · Management $5,647$141,178
IX-23 InsurancePrograms $31,917 · Management $2,027 · Fundraising $527$34,471
IX-24 Other expenses (24a–d)Programs $217,718 · Management $38,355$256,073
IX-24e All other expensesPrograms $44,001 · Management $19,655$63,656
IX-25 Total functional expensesPrograms $855,081 · Management $254,943 · Fundraising $8,471$1,118,495
Part X · Balance sheet $3,126,246 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $23,881$12,788
X-2 Savings and temporary cash investmentsStart of year $414,313$262,738
X-4 Accounts receivableStart of year $5,949$4,490
X-8 Inventories for sale or useStart of year $40,635$22,354
X-9 Prepaid expenses and deferred chargesStart of year $5,034$13,402
X-10c Land, buildings and equipment, netStart of year $2,616,690$2,804,474
X-15 Other assetsStart of year $6,000$6,000
X-16 Total assetsStart of year $3,112,502$3,126,246
X-17 Accounts payable and accrued expensesStart of year $54,289$39,022
X-25 Other liabilitiesStart of year $13,894$28,883
X-26 Total liabilitiesStart of year $612,260$565,246
X-27 Net assets without donor restrictionsStart of year $2,321,846$2,379,272
X-28 Net assets with donor restrictionsStart of year $178,396$181,728
X-32 Total net assets or fund balancesStart of year $2,500,242$2,561,000
X-33 Total liabilities and net assetsStart of year $3,112,502$3,126,246
Part XI · Reconciliation of net assets $2,561,000 net assets at year end
XI-1 Total revenue$1,179,253
XI-2 Total expenses$1,118,495
XI-3 Revenue less expenses$60,758
XI-4 Net assets at start of year$2,500,242
XI-10 Net assets at end of year$2,561,000

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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