Lake View Foundation

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Providing nursing/healthcare scholarships to van buren county students.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Run by 79 volunteers and 14 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 $101K a year · 14% 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
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
19 mo
of spending, in cash
Plus $2.5M in investments, Pt X · Ln 11–13
Looks good: 19.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$15K
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$790K
+8% vs prior year
Spent
$668K
To programs
93%
Net assets
$3.6M
By yearFY2020–FY2024
Revenue
$790K
FY2024▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$650K
FY2021$678K
FY2022$712K
FY2023$734K
FY2024$790K
Expenses
$668K
FY2024▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2020$581K
FY2021$538K
FY2022$579K
FY2023$694K
FY2024$668K
Net assets
$3.6M
FY2024▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.1M
FY2021$3.3M
FY2022$3.2M
FY2023$3.4M
FY2024$3.6M

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

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1986.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $621K Management & general 7% · $47K

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

Something off? Claim to add context

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Lake View Foundation executive salaries →

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 15aNo

Programs and updates

Offers nursing and healthcare scholarships to Van Buren County students.

Questions for Lake View Foundation

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Your first name shows with your question. Lake View Foundation answers here, for everyone.

1 program · $621K · in their own filed words · FY2024
01

Providing NURSING/HEALTHCARE scholarsips to van buren county students.

$621Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 35 grants · $763K · 2020–2024
Unitemized GrantFY2024$286,000
Western Michigan UniversityMI · FY2023$54,000
Kalamazoo Valley Community CollegeFY2023$28,000
Michigan State UniversityMI · FY2023$12,000
Lake Michigan CollegeFY2023$9,000
Kalamazoo CollegeMI · FY2023$9,000
University of KentuckyFY2023$7,000
Ferris State UniversityMI · FY2023$7,000
Glenn Oak Community CollegeNJ · FY2023$6,000
Western Michigan UniversityMI · FY2022$15,000
Kalamazoo Valley Community CollegeFY2022$13,000
Lake Michigan CollegeFY2022$7,000
Northern Michigan UniversityFY2022$6,000
See all 35 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$790K
Ln 12
Fees for servicesLn 2g$675K
Investment incomeLn 3$97K
Gifts and grantsLn 1h$22K
Money outPt IX
$668K
Ln 25
Programscol B$621K
Managementcol C$47K
Owns and owesPt X
$3.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$3.6M
LiabilitiesLn 26$15K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$22K
Fundraising eventsLn 1c$14K
Fees for servicesLn 2g$675K
Investment incomeLn 3$97K
Gains on assetsLn 7−$8K
Total revenueLn 12$790K
Assets in detailPt X, end of year
CashLn 1$476K
SavingsLn 2$596K
Cash and savings togetherLn 1–2$1.1M
Inventories for sale or useLn 8$27K
Land, buildings, equipmentLn 10c$3K
InvestmentsLn 11–13$2.5M
Total assetsLn 16$3.6M
LiabilitiesLn 26$15K
Net assetsLn 32$3.6M
OperationsPt I, VI
EmployeesI 514
VolunteersI 679
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.0M$1.1M
InvestmentsLn 11–13$2.3M$2.5M
Land, buildings, equipmentLn 10c$5K$3K
Total assetsLn 16$3.4M$3.6M
LiabilitiesLn 26$16K$15K
Net assetsLn 32$3.4M$3.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$286K$286K
Other salaries and wagesLn 7$158K$158K
Payroll taxesLn 10$9K$9K
Accounting feesLn 11c$12K$12K
Investment management feesLn 11f$42$42
Other fees for servicesLn 11g$766$766
Advertising and promotionLn 12$8K$8K
Office expensesLn 13$33K$11K$22K
OccupancyLn 16$105K$96K$9K
TravelLn 17$3K$3K
Conferences, conventions and meetingsLn 19$2K$2K
Depreciation, depletion and amortizationLn 22$2K$999$999
InsuranceLn 23$18K$17K$2K
Other expenses (24a–d)Ln 24$29K$29K
Total functional expensesLn 25$668K$621K$47K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 17, 2025 $790K$668K$122K$3.6M 990 PDF
FY2023Filed with the IRS Nov 15, 2024 $734K$694K$40K$3.4M 990 PDF
FY2022Filed with the IRS Sep 25, 2023 $712K$579K$133K$3.2M 990 PDF
FY2021Filed with the IRS May 24, 2022 $678K$538K$140K$3.3M 990 PDF
FY2020Filed with the IRS Nov 15, 2021 $650K$581K$69K$3.1M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $789,565 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $17,505$21,616
I-9 Program service revenuePrior year $698,713$675,060
I-10 Investment incomePrior year $21,141$97,451
I-11 Other revenuePrior year −$3,396−$4,562
I-12 Total revenuePrior year $733,963$789,565
I-13 Grants and similar amounts paidPrior year $246,000$286,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $166,159$167,596
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $282,145$214,140
I-18 Total expensesPrior year $694,304$667,736
I-19 Revenue less expensesPrior year $39,659$121,829
Part VI · Governance 9 of 9 board members independent, 2 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $789,565 across 9 lines filed
VIII-1c Fundraising events$13,561
VIII-1f All other contributions, gifts and grants$8,055
VIII-1h Total contributions, gifts and grants$21,616
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $675,060$675,060
VIII-3 Investment incomeExcluded from tax $105,732$105,732
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$8,281−$8,281
VIII-8 Net income from fundraising eventsExcluded from tax −$5,212−$5,212
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $650$650
VIII-12 Total revenueRelated to mission $675,710 · Unrelated business $0 · Excluded from tax $92,239$789,565
Part IX · Statement of functional expenses $667,736 across 14 lines filed
IX-2 Grants to domestic individualsPrograms $286,000$286,000
IX-7 Other salaries and wagesPrograms $158,232$158,232
IX-10 Payroll taxesPrograms $9,364$9,364
IX-11c Accounting feesManagement $12,242$12,242
IX-11f Investment management feesManagement $42$42
IX-11g Other fees for servicesManagement $766$766
IX-12 Advertising and promotionPrograms $8,268$8,268
IX-13 Office expensesPrograms $10,876 · Management $22,064$32,940
IX-16 OccupancyPrograms $95,925 · Management $8,978$104,903
IX-17 TravelPrograms $3,488$3,488
IX-19 Conferences, conventions and meetingsPrograms $2,025$2,025
IX-22 Depreciation, depletion and amortizationPrograms $999 · Management $999$1,998
IX-23 InsurancePrograms $16,530 · Management $1,860$18,390
IX-24 Other expenses (24a–d)Programs $29,078$29,078
IX-25 Total functional expensesPrograms $620,785 · Management $46,951 · Fundraising $0$667,736
Part X · Balance sheet $3,575,283 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $450,269$475,653
X-2 Savings and temporary cash investmentsStart of year $577,321$596,461
X-8 Inventories for sale or useStart of year $26,845$26,845
X-10c Land, buildings and equipment, netStart of year $4,541$2,543
X-11 Publicly traded securitiesStart of year $2,348,687$2,473,781
X-16 Total assetsStart of year $3,407,663$3,575,283
X-17 Accounts payable and accrued expensesStart of year $16,017$14,983
X-26 Total liabilitiesStart of year $16,017$14,983
X-27 Net assets without donor restrictionsStart of year $3,391,646$3,560,300
X-32 Total net assets or fund balancesStart of year $3,391,646$3,560,300
X-33 Total liabilities and net assetsStart of year $3,407,663$3,575,283
Part XI · Reconciliation of net assets $3,560,300 net assets at year end
XI-1 Total revenue$789,565
XI-2 Total expenses$667,736
XI-3 Revenue less expenses$121,829
XI-4 Net assets at start of year$3,391,646
XI-5 Net unrealized gains (losses) on investments$46,825
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,560,300

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

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