Lake View Foundation FY2022 filing

Tax-deductible

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

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Providing nursing/healthcare scholarships to van buren county students.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
21 mo
of spending, in cash
Looks good: 20.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$16K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$712K
+5% vs prior year
Spent
$579K
To programs
96%
Net assets
$3.2M
By yearFY2020–FY2024
Revenue
$712K
FY2022▲ +5%
Revenue by fiscal year
FY2020$650K
FY2021$678K
FY2022$712K
FY2023$734K
FY2024$790K
Expenses
$579K
FY2022▲ +8%
Expenses by fiscal year
FY2020$581K
FY2021$538K
FY2022$579K
FY2023$694K
FY2024$668K
Net assets
$3.2M
FY2022▼ -1%
Net assets by fiscal year
FY2020$3.1M
FY2021$3.3M
FY2022$3.2M
FY2023$3.4M
FY2024$3.6M

From the FY2022 Form 990 · see the original

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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

96 cents of each dollar spent went to programs.

Program services 96% · $556K Management & general 4% · $22K

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

11 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

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1 program service account for $556K of program spending, described in the organization's own filed words · FY2022.
01

Providing scholarsips to van buren county students.

$556Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$712K
Ln 12
Fees for servicesLn 2g$633K
Investment incomeLn 3$62K
Gifts and grantsLn 1h$10K
Money outPt IX
$579K
Ln 25
Programscol B$556K
Managementcol C$22K
Owns and owesPt X
$3.2M
net assets · Ln 32
Cash and savingsLn 1–2$999K
Total assetsLn 16$3.2M
LiabilitiesLn 26$16K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10K
Government grantsLn 1e$2K
Fees for servicesLn 2g$633K
Investment incomeLn 3$62K
Other incomeLn 4–11$7K
Gains on assetsLn 7−$20K
Total revenueLn 12$712K
Assets in detailPt X, end of year
SavingsLn 2$999K
Cash and savings togetherLn 1–2$999K
InvestmentsLn 11–13$2.2M
Land, buildings, equipmentLn 10c$11K
Total assetsLn 16$3.2M
LiabilitiesLn 26$16K
Net assetsLn 32$3.2M
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 FY22End FY22
Cash and savingsLn 1–2$978K$999K
InvestmentsLn 11–13$2.3M$2.2M
Land, buildings, equipmentLn 10c$15K$11K
Total assetsLn 16$3.3M$3.2M
LiabilitiesLn 26$72K$16K
Net assetsLn 32$3.3M$3.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$178K$178K
Other salaries and wagesLn 7$147K$147K
Payroll taxesLn 10$15K$15K
Accounting feesLn 11c$12K$12K
Other fees for servicesLn 11g$3K$3K
Advertising and promotionLn 12$15K$15K
Office expensesLn 13$9K$7K$2K
OccupancyLn 16$127K$127K
TravelLn 17$27$27
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$9K$7K$2K
Other expenses (24a–d)Ln 24$60K$60K
Total functional expensesLn 25$579K$556K$22K$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 Viewing $712K$579K$133K$3.2M 990 PDF
FY2021 $678K$538K$140K$3.3M 990 PDF
FY2020 $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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $712,080 across 8 lines filed
Lines not itemized here account for $2,991 of total revenue; see the IRS return.
VIII-1e Government grants$2,360
VIII-1f All other contributions, gifts and grants$8,100
VIII-1h Total contributions, gifts and grants$10,460
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $633,091$633,091
VIII-3 Investment incomeExcluded from tax $82,029$82,029
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$20,001−$20,001
VIII-8 Net income from fundraising eventsExcluded from tax $3,510$3,510
VIII-12 Total revenueRelated to mission $636,082 · Unrelated business $0 · Excluded from tax $65,538$712,080
Part IX · Statement of functional expenses $578,716 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $178,135$178,135
IX-7 Other salaries and wagesPrograms $147,228$147,228
IX-10 Payroll taxesPrograms $14,776$14,776
IX-11c Accounting feesManagement $11,667$11,667
IX-11g Other fees for servicesManagement $3,415$3,415
IX-12 Advertising and promotionPrograms $14,518$14,518
IX-13 Office expensesPrograms $7,194 · Management $1,798$8,992
IX-16 OccupancyPrograms $127,298$127,298
IX-17 TravelPrograms $27$27
IX-22 Depreciation, depletion and amortizationManagement $3,254$3,254
IX-23 InsurancePrograms $6,997 · Management $2,333$9,330
IX-24 Other expenses (24a–d)Programs $60,076$60,076
IX-25 Total functional expensesPrograms $556,249 · Management $22,467 · Fundraising $0$578,716
Part X · Balance sheet $3,244,305 assets, 10 lines filed
X-2 Savings and temporary cash investmentsStart of year $977,849$999,045
X-8 Inventories for sale or useStart of year $26,845$26,845
X-10c Land, buildings and equipment, netStart of year $14,559$11,305
X-11 Publicly traded securitiesStart of year $2,320,555$2,207,110
X-16 Total assetsStart of year $3,339,808$3,244,305
X-17 Accounts payable and accrued expensesStart of year $72,022$16,174
X-26 Total liabilitiesStart of year $72,022$16,174
X-27 Net assets without donor restrictionsStart of year $3,267,786$3,228,131
X-32 Total net assets or fund balancesStart of year $3,267,786$3,228,131
X-33 Total liabilities and net assetsStart of year $3,339,808$3,244,305
Part XI · Reconciliation of net assets $3,228,131 net assets at year end
XI-1 Total revenue$712,080
XI-2 Total expenses$578,716
XI-3 Revenue less expenses$133,364
XI-4 Net assets at start of year$3,267,786
XI-5 Net unrealized gains (losses) on investments−$173,019
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,228,131

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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