Lakeshore Foundation EIN 63-0288847

Lakeshore Foundation

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Promotes healthy lifestyles for people with disabilities through activity, research, and advocacy. For fiscal year 2025 it reported $11.5M in revenue, $12.5M in expenses, and $95.1M in net assets.Pt I

Founded
1923
Type
Public charity (501(c)(3)) · Hospitals
Location
Birmingham, AL
Website
www.lakeshore.org
Filings
6 on file (2020–2025)
Revenue
$11.5MFY2025
Expenses
$12.5M
Net assets
$95.1M
People
37
Filings
6
Updates
0
More identity details & actions ⌄
EIN  63-0288847 Public charity (501(c)(3)) Birmingham, AL Founded 1923
Form 990 (PDF)
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Figures match the IRS filing checked 7/22/26 · see original: IRS
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Size
$10–100M
What they do
Promotes healthy lifestyles for people with disabilities through activity, research, and advocacy.
Leadership
John Kemp · President · $351K
Money in and out
$11.5M revenue, $12.5M expenses
Bottom line
76% program efficiency
Where the money goes · FY2025
Total revenue
$11.5M
Pt VIII · Ln 12
Total expenses
$12.5M
Pt IX · Ln 25
Net assets
$95.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$967K
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.16 Fundraising $0.07
Program efficiency
76%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
67.0mo
months of highly liquid reserves at operating expense rate▲ +7% vs prior filing year
Surplus margin
-8%
revenue over expenses, this year▲ +44% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$11.5M
FY2025▲ +4%
Expenses
$12.5M
FY2025▼ -2%
Total assets
$104.3M
FY2025▲ +3%
Total liabilities
$9.1M
FY2025▼ -6%
Total revenue
$11.5M
Pt VIII · Ln 12
Total expenses
$12.5M
Pt IX · Ln 25
Net assets
$95.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$967K
Total assetsPt X · Ln 16$104.3M
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 328
Independent voting membersPt I · Ln 428
Mission & Programs · Part III

Where the work happens

3 program services account for $7.9M of program spending, described in the organization's own filed words · FY2024.
01

Recreation, Athletics, Military and Training Site Programs

Lakeshore foundation offers year-round activities for children and adults with physical disabilities including recreational programs, athletic teams and local, regional, national, and international athletic events that provide an outlet for competitive drive and contribute to participants' health and well-being.

$4.2Mprogram expense
02

Fitness, Personal Training and Aquatics

Lakeshore foundation offers more than 60 fitness and aquatics classes specifically designed for persons with a wide range of physical disabilities and chronic health conditions seeking a lifelong path to wellness.

$2.6Mprogram expense
03

Sports Science and Performance Center

Established in FY23, lakeshore foundation's sports science and performance center (SSPC) continued expansion in FY25 following its public launch in january 2024. SSPC provides in-person and virtual sports performance services designed specifically for individuals with disabilities, integrating applied sports science research with direct…

$1.1Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLakeshore Foundation
EINHdr · item D63-0288847
Principal addressHdr · item CBirmingham, AL
WebsiteHdr · item Jwww.lakeshore.org
Year of formationHdr · item L1923
State of legal domicileHdr · item MAL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHospitals (E22Z)
Ruling yearIRS BMFOct 1942

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a28
Independent voting membersPt VI · Ln 1b28
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President
$350,555Pt VII · Sec A
Chief Operating and Financial Officer
$251,955Pt VII · Sec A
Chief Program Officer and Special Projects
$203,827Pt VII · Sec A
Chief of Advancement
$190,200Pt VII · Sec A
Chief Research and Innovation Officer
$188,632Pt VII · Sec A
Director of Human Resources
$134,784Pt VII · Sec A
$116,805Pt VII · Sec A
Director of Fitness
$113,388Pt VII · Sec A

John Kemp’s $351K as President is at the 57th percentile of top reported officer pay among 2900 $10–100M health care 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.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jeff Underwood$379,529$319,374$337,757
John Kemp$350,555$342,660
John D Kemp$316,073
Cathy Miller$251,955$241,904$234,683$219,268$213,839$205,704
Jen Allred$203,827$196,139$189,136$178,790
Chris Thomason$190,200
Amy Rauworth$188,632$181,397$174,504$164,946$157,137$121,180
Jen Remick Allred$172,065$160,245

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Other revenue$4.4M · 38%
Investment income$3.8M · 33%
Contributions & grants$1.9M · 17%
Program service revenue$1.4M · 12%
Other revenue38%$4.4M
Investment income33%$3.8M
Contributions & grants17%$1.9M
Program service revenue12%$1.4M
— government grantsLn 1e$1.1M
Total revenueLn 12$11.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.16 Fundraising $0.07
Program services76%$9.5M
Management & general16%$2.0M
Fundraising7%$932K
Total functional expensesLn 25$12.5M

Balance Sheet

Part X · end of year
CashLn 1$2.0M
Total assetsLn 16$104.3M
Total liabilitiesLn 26$9.1M
Total net assetsLn 32$95.1M
Months of cash on handcomputed1.9

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $69.6M · Operating expenses (Pt IX) $12.5M · Less non-cash grants $17K · Cash operating expenses/yr $12.5M
67.0 months
Where the money goes
Program services
Program services $9.5M · Total expenses $12.5M
76%
Management & General
Management & general $2.0M · Total expenses $12.5M
16%
Fundraising
Fundraising $932K · Total expenses $12.5M
7%
Cost to raise $1
Fundraising expense (3-yr avg) $882K · Solicited contributions (3-yr avg) $1.8M
$0.48 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.9M · Total revenue $11.5M
17%
Government reliance
Government grants $1.1M · Total revenue $11.5M
10%
Earned-income share
Program service revenue $1.4M · Total revenue $11.5M
12%
Investment reliance
Investment income $3.8M · Total revenue $11.5M
+33%
Program self-sufficiency
Program service revenue $1.4M · Total expenses $12.5M
11%
Growth & trend
Revenue growth (YoY)
This year $11.5M · Prior year $11.1M
+4%
Revenue CAGR
FY2019 $12.0M · FY2024 $11.5M
-0.8%
Net-asset trend (YoY)
End of year $95.1M · Beginning of year $91.8M
+4%
Balance sheet
Surplus Margin
Revenue $11.5M · Expenses $12.5M
-8%
Liabilities-to-Assets
Total liabilities $9.1M · Total assets $104.3M
9%
Net-asset ratio
Net assets $95.1M · Total assets $104.3M
91%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $3.7M · Other securities (Pt X, ln 12) $64.0M · Total assets (Pt X, ln 16) $104.3M
65%
People & payroll
Highest Reported Total Compensation
Individual John Kemp · Reported title PRESIDENT · Highest reported compensation $351K · Total expenses $12.5M
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $6.8M · Total expenses $12.5M
54%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 76%
Overhead ratio 16%
Fundraising cost ratio 48%
Revenue growth 4%
Investment management fee ratio 0.2%
Legal fee ratio 0.4%
Accounting fee ratio 0.2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 4 funders →
Grants paid · 16 grants · $752K · 2020–2024
Ohio State University Office of Sponsored ProgramsFY2024$10,000
University of Montana Research & Sponsored Programs-Uh207FY2024$10,000
Florida Department of Health in Palm Beach CountyFY2024$10,000
Westchester Independent Living CenterFY2024$10,000
University of HoustonFY2024$10,000
University of AlabamaFY2023$44,205
Rancho Research InstituteCA · FY2023$40,000
UsopcFY2023$39,820
University of DelawareDE · FY2023$10,000
Montana Chronic Disease Prevention and Health Promotion BureauFY2020$7,000
Chp CommunityFY2020$5,000
Dlp Conemaugh Memorial Medical CenterFY2020$5,000
Florida Department of HealthFY2020$5,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$11.5M revenue · viewing · ⤓ 990 PDF
FY2024$11.1M revenue · ⤓ 990 PDF
FY2023$10.6M revenue · ⤓ 990 PDF
FY2022$11.0M revenue · ⤓ 990 PDF
FY2021$25.4M revenue · ⤓ 990 PDF
FY2020$12.0M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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