Lake View Foundation FY2020 filing

Tax-deductible

Paw Paw, MI501(c)(3)EIN 38-2648600

Providing nursing/healthcare scholarships to van buren county students.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
22 mo
of spending, in cash
Looks good: 22.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$22K
0.7% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$650K
Spent
$581K
To programs
98%
Net assets
$3.1M
By yearFY2020–FY2024
Revenue
$650K
FY2020
Revenue by fiscal year
FY2020$650K
FY2021$678K
FY2022$712K
FY2023$734K
FY2024$790K
Expenses
$581K
FY2020
Expenses by fiscal year
FY2020$581K
FY2021$538K
FY2022$579K
FY2023$694K
FY2024$668K
Net assets
$3.1M
FY2020
Net assets by fiscal year
FY2020$3.1M
FY2021$3.3M
FY2022$3.2M
FY2023$3.4M
FY2024$3.6M

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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

98 cents of each dollar spent went to programs.

Program services 98% · $566K Management & general 2% · $14K

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

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Lake View 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 15aNo

Programs and updates

Offers nursing and healthcare scholarships to Van Buren County students.

Provided by the organization

This section is blank until Lake View Foundation claims this page.

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1 program service account for $566K of program spending, described in the organization's own filed words · FY2020.
01

Providing scholarsips to van buren county students.

$566Kprogram expense

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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 FY2020 990, line by line.

1The main four
Money inPt VIII
$650K
Ln 12
Fees for servicesLn 2g$412K
Investment incomeLn 3$203K
Gifts and grantsLn 1h$35K
Money outPt IX
$581K
Ln 25
Programscol B$566K
Managementcol C$14K
Owns and owesPt X
$3.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$3.1M
LiabilitiesLn 26$22K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$35K
Government grantsLn 1e$29K
Fees for servicesLn 2g$412K
Investment incomeLn 3$203K
Total revenueLn 12$650K
Assets in detailPt X, end of year
SavingsLn 2$1.1M
Cash and savings togetherLn 1–2$1.1M
InvestmentsLn 11–13$2.0M
Land, buildings, equipmentLn 10c$994
Total assetsLn 16$3.1M
LiabilitiesLn 26$22K
Net assetsLn 32$3.1M
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 FY20End FY20
Cash and savingsLn 1–2$1.1M$1.1M
InvestmentsLn 11–13$1.9M$2.0M
Land, buildings, equipmentLn 10c$0$994
Total assetsLn 16$3.1M$3.1M
LiabilitiesLn 26$9K$22K
Net assetsLn 32$3.1M$3.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$179K$179K
Other salaries and wagesLn 7$172K$172K
Payroll taxesLn 10$14K$14K
Accounting feesLn 11c$10K$10K
Advertising and promotionLn 12$14K$14K
Office expensesLn 13$12K$10K$2K
OccupancyLn 16$128K$128K
Depreciation, depletion and amortizationLn 22$248$248
InsuranceLn 23$6K$4K$1K
Other expenses (24a–d)Ln 24$45K$45K
Total functional expensesLn 25$581K$566K$14K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $790K$668K$122K$3.6M 990 PDF
FY2023 $734K$694K$40K$3.4M 990 PDF
FY2022 $712K$579K$133K$3.2M 990 PDF
FY2021 $678K$538K$140K$3.3M 990 PDF
FY2020 Viewing $650K$581K$69K$3.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $649,533 across 6 lines filed
VIII-1e Government grants$28,739
VIII-1f All other contributions, gifts and grants$6,000
VIII-1h Total contributions, gifts and grants$34,739
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $411,862$411,862
VIII-3 Investment incomeExcluded from tax $202,932$202,932
VIII-12 Total revenueRelated to mission $411,862 · Unrelated business $0 · Excluded from tax $202,932$649,533
Part IX · Statement of functional expenses $580,669 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $179,300$179,300
IX-7 Other salaries and wagesPrograms $172,358$172,358
IX-10 Payroll taxesPrograms $13,835$13,835
IX-11c Accounting feesManagement $10,072$10,072
IX-12 Advertising and promotionPrograms $14,125$14,125
IX-13 Office expensesPrograms $9,900 · Management $2,475$12,375
IX-16 OccupancyPrograms $128,045$128,045
IX-22 Depreciation, depletion and amortizationManagement $248$248
IX-23 InsurancePrograms $4,183 · Management $1,395$5,578
IX-24 Other expenses (24a–d)Programs $44,733$44,733
IX-25 Total functional expensesPrograms $566,479 · Management $14,190 · Fundraising $0$580,669
Part X · Balance sheet $3,149,586 assets, 10 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,130,328$1,073,693
X-8 Inventories for sale or useStart of year $26,845$26,845
X-10c Land, buildings and equipment, netStart of year $0$994
X-11 Publicly traded securitiesStart of year $1,911,036$2,048,054
X-16 Total assetsStart of year $3,068,208$3,149,586
X-17 Accounts payable and accrued expensesStart of year $9,287$21,801
X-26 Total liabilitiesStart of year $9,287$21,801
X-27 Net assets without donor restrictionsStart of year $3,058,921$3,127,785
X-32 Total net assets or fund balancesStart of year $3,058,921$3,127,785
X-33 Total liabilities and net assetsStart of year $3,068,208$3,149,586
Part XI · Reconciliation of net assets $3,127,785 net assets at year end
XI-1 Total revenue$649,533
XI-2 Total expenses$580,669
XI-3 Revenue less expenses$68,864
XI-4 Net assets at start of year$3,058,921
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,127,785

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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