Lakewood Educational Foundation

990EZ • Fiscal year 2021 • EIN 32-0050694

Jan 01, 2021 to Dec 31, 2021 • Filed on Jun 05, 2022

Organization Profile WWW.LAKEWOODEDUCATIONALFOUNDATION.ORG

PO Box 473Lake Odessa, MI 48849

(616) 337-5286

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2021

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2021

15%

Higher net margin than 59% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

1.9%

Faster asset growth than 45% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

7.9%

Faster revenue growth than 53% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet

Liabilities / AssetsScore unavailable

Assets

$489,985

Up $9,257 (+1.9%) from 2020

Net Assets

$489,985

Up $9,257 (+1.9%) from 2020

Liabilities

No earlier filing loaded for comparison.

Revenue And Expenses

Liabilities / RevenueScore unavailable Net Margin59th percentile

Revenue

$60,577

Up $4,434 (+7.9%) from 2020

Expenses

Down

$51,320

Down $290 (-0.6%) from 2020

Net Income

$9,257

Up $4,724 (+104%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth45th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

Highlighted filing

2021

Assets$489,985

Liabilities-

Net Assets$489,985

Open 2021 Filing

Operations Trend

Revenue Growth53rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

Highlighted filing

2021

Revenue$60,577

Expenses$51,320

Net Income$9,257

Open 2021 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2021 to Dec 31, 2021
Signed: Jun 5, 2022
Return Version: 2021v4.0
Gross Receipts: $60,577

Mission and Program Overview

Mission

The lakewood educational foundation has been established as a separate and independent entity to promote educational opportunities within the lakewood school district. The foundation is a private, nonprofit, tax-exempt organization, which consists of a volunteer board of directors (trustees) with representation from each community within the lakewood school district - clarksville, lake odessa, sunfield and woodland. The mission of the lakewood educational foundation is to invest in the enrichment of the whole lakewood public school district. The foundation is committed to raising and disbursing funds to support educational programs and activities that promote creative educational opportunities for students by providing the extras for education.

Program Services

Description	Grants	Expenses
GRANTS TO THE LAKEWOOD PUBLIC SCHOOLS TO SUPPORT THE TEACHERS AND STAFF	-	$40,177
GRANTS TO THE LAKEWOOD PUBLIC SCHOOLS TO SUPPORT THE TEACHERS AND STAFF	-	-

Compensation and Service Providers

Top Officer Pay77th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
JENNIE YONKER	President	-	$0	-	-
JEFF HYNES	Vice Preside	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: Lakewood Educational Foundation
EIN: 32-0050694
Address: PO BOX 473, LAKE ODESSA, MI 48849

Signing Officer

Name: Jennie Yonker
Title: President
Signed: 2022-06-05

Preparer

Firm: Mckeown & Kraai Plc
Address: PO BOX 277, MIDDLEVILLE, MI 49333
Preparer: Kyle D Mckeown
Phone: 2697957927

Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Golf outing 778 expenses 3,126 grant payments 36,188 total 40,092”

Form 990-ez, Part II, Line 24

“Accounts receivable 100 300 total 100 300”

Form 990-ez, Part III

“The lakewood educational foundation has been established as a separate and independent entity to promote educational opportunities within the lakewood school district. The foundation is a private, nonprofit, tax-exempt organization, which consists of a volunteer board of directors (trustees) with representation from each community within the lakewood school district - clarksville, lake odessa, sunfield and woodland. The mission of the lakewood educational foundation is to invest in the enrichment of the whole lakewood public school district. The foundation is committed to raising and disbursing funds to support educational programs and activities that promote creative educational opportunities for students by providing the extras for education.”

Form 990-ez, Part III, Line 31

“Grants to the lakewood public schools to support the teachers and staff”

Raw XML Appendix123 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/GrossReceiptsAmt	0	60577
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IRS990EZ/InfoInScheduleOPartIInd	0	X
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IRS990EZ/MethodOfAccountingAccrualInd	0	X
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	1	000.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	1	0
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	1	JEFF HYNES
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	1	VICE PRESIDE
IRS990EZ/OperateHospitalInd	0	false
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IRS990EZ/OtherAssetsTotalDetail/BOYAmt	0	100
IRS990EZ/OtherAssetsTotalDetail/EOYAmt	0	300
IRS990EZ/OtherExpensesTotalAmt	0	40092
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt	0	NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt	0	NONE
IRS990EZ/PoliticalCampaignActyInd	0	false
IRS990EZ/PrimaryExemptPurposeTxt	0	THE LAKEWOOD EDUCATIONAL FOUNDATION HAS BEEN ESTABLISHED AS A SEPARATE AND INDEPENDENT ENTITY TO PROMOTE EDUCATIONAL OPPORTUNITIES WITHIN THE LAKEWOOD SCHOOL DISTRICT. THE FOUNDATION IS A PRIVATE, NONPROFIT, TAX-EXEMPT ORGANIZATION, WHICH CONSISTS OF A VOLUNTEER BOARD OF DIRECTORS (TRUSTEES) WITH REPRESENTATION FROM EACH COMMUNITY WITHIN THE LAKEWOOD SCHOOL DISTRICT - CLARKSVILLE, LAKE ODESSA, SUNFIELD AND WOODLAND. THE MISSION OF THE LAKEWOOD EDUCATIONAL FOUNDATION IS TO INVEST IN THE ENRICHMENT OF THE WHOLE LAKEWOOD PUBLIC SCHOOL DISTRICT. THE FOUNDATION IS COMMITTED TO RAISING AND DISBURSING FUNDS TO SUPPORT EDUCATIONAL PROGRAMS AND ACTIVITIES THAT PROMOTE CREATIVE EDUCATIONAL OPPORTUNITIES FOR STUDENTS BY PROVIDING THE EXTRAS FOR EDUCATION.
IRS990EZ/PrintingPublicationsPostageAmt	0	287
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	GRANTS TO THE LAKEWOOD PUBLIC SCHOOLS TO SUPPORT THE TEACHERS AND STAFF
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	1	GRANTS TO THE LAKEWOOD PUBLIC SCHOOLS TO SUPPORT THE TEACHERS AND STAFF
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	0	40177
IRS990EZ/ProhibitedTaxShelterTransInd	0	false
IRS990EZ/RelatedOrganizationCtrlEntInd	0	false
IRS990EZ/ScheduleBNotRequiredInd	0	X
IRS990EZ/SchoolOperatingInd	0	false
IRS990EZ/SpecialEventsNetIncomeLossAmt	0	43053
IRS990EZ/SubjectToProxyTaxInd	0	false
IRS990EZ/TanningServicesProvidedInd	0	false
IRS990EZ/TotalExpensesAmt	0	51320
IRS990EZ/TotalProgramServiceExpensesAmt	0	40177
IRS990EZ/TotalRevenueAmt	0	60577
IRS990EZ/TransactionWithControlEntInd	0	false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd	0	false
IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990EZ/WebsiteAddressTxt	0	WWW.LAKEWOODEDUCATIONALFOUNDATION.ORG
IRS990ScheduleA/ChurchInd	0	X
IRS990ScheduleG/CharitableDistributionRqrInd	0	false
IRS990ScheduleG/CntrctWith3rdPrtyForGameRevInd	0	false
IRS990ScheduleG/GamingInformationGrp/GrossRevenueOtherGamingAmt	0	43053
IRS990ScheduleG/GamingInformationGrp/GrossRevenueTotalGamingAmt	0	43053
IRS990ScheduleG/GamingInformationGrp/NetGamingIncomeSummaryAmt	0	43053
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborBingoInd	0	false
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborOtherGamingInd	0	false
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborPullTabsInd	0	false
IRS990ScheduleG/GamingWithNonmembersInd	0	false
IRS990ScheduleG/IndividualWithBooksNm	0	BREA CHASE
IRS990ScheduleG/LicensedInd	0	true
IRS990ScheduleG/LicenseSuspendedEtcInd	0	false
IRS990ScheduleG/MemberOfOtherEntityInd	0	false
IRS990ScheduleG/PersonsWithBooksUSAddress/AddressLine1Txt	0	4915 E BARNUM ROAD
IRS990ScheduleG/PersonsWithBooksUSAddress/CityNm	0	HASTINGS
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IRS990ScheduleG/PersonsWithBooksUSAddress/ZIPCd	0	49058
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	GOLF OUTING 778 EXPENSES 3,126 GRANT PAYMENTS 36,188 TOTAL 40,092
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	ACCOUNTS RECEIVABLE 100 300 TOTAL 100 300
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	THE LAKEWOOD EDUCATIONAL FOUNDATION HAS BEEN ESTABLISHED AS A SEPARATE AND INDEPENDENT ENTITY TO PROMOTE EDUCATIONAL OPPORTUNITIES WITHIN THE LAKEWOOD SCHOOL DISTRICT. THE FOUNDATION IS A PRIVATE, NONPROFIT, TAX-EXEMPT ORGANIZATION, WHICH CONSISTS OF A VOLUNTEER BOARD OF DIRECTORS (TRUSTEES) WITH REPRESENTATION FROM EACH COMMUNITY WITHIN THE LAKEWOOD SCHOOL DISTRICT - CLARKSVILLE, LAKE ODESSA, SUNFIELD AND WOODLAND. THE MISSION OF THE LAKEWOOD EDUCATIONAL FOUNDATION IS TO INVEST IN THE ENRICHMENT OF THE WHOLE LAKEWOOD PUBLIC SCHOOL DISTRICT. THE FOUNDATION IS COMMITTED TO RAISING AND DISBURSING FUNDS TO SUPPORT EDUCATIONAL PROGRAMS AND ACTIVITIES THAT PROMOTE CREATIVE EDUCATIONAL OPPORTUNITIES FOR STUDENTS BY PROVIDING THE EXTRAS FOR EDUCATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	GRANTS TO THE LAKEWOOD PUBLIC SCHOOLS TO SUPPORT THE TEACHERS AND STAFF
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	FORM 990-EZ, PART II, LINE 24
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	FORM 990-EZ, PART III, LINE 31
ReturnHeader/BuildTS	0	2022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm	0	JENNIE YONKER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2022-06-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	LAKEWOOD EDUCATIONAL FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt	0	LAKE
ReturnHeader/Filer/EIN	0	320050694
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	PO BOX 473
ReturnHeader/Filer/USAddress/CityNm	0	LAKE ODESSA
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	MI
ReturnHeader/Filer/USAddress/ZIPCd	0	48849
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	383251555
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	MCKEOWN & KRAAI PLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	PO BOX 277
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	MIDDLEVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	MI
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ReturnHeader/PreparerPersonGrp/PhoneNum	0	2697957927
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2022-06-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	KYLE D MCKEOWN
ReturnHeader/ReturnTs	0	2022-06-21T10:29:08-05:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm	0	JENNIE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm	0	YONKER
ReturnHeader/TaxPeriodBeginDt	0	2021-01-01
ReturnHeader/TaxPeriodEndDt	0	2021-12-31
ReturnHeader/TaxYr	0	2021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $489,985
Liabilities: -
Net assets: $489,985
Revenue: $60,577
Expenses: $51,320
Net income: $9,257

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Detailed filing. Detailed filing data is available for this year.	$4.55	$0.00	$4.55	$1.20	$0.74	$0.46
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$4.08	$0.00	$4.08	$0.80	$0.57	$0.23
2022Detailed filing. Detailed filing data is available for this year.	$3.86		$3.86	$0.59	$0.83	$0.24
2021Detailed filing. Detailed filing data is available for this year.	$4.90		$4.90	$0.61	$0.51	$0.09
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$4.81		$4.81	$0.56	$0.52	$0.05
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$4.76		$4.76	$0.69	$0.39	$0.31