Civic Intelligence

Lake Area Foundation Inc.

990 • Fiscal year 2019 • EIN 46-1333280

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 06, 2019

Organization ProfileWWW.LAKEAREAFOUNDATION.ORG
2384 Lakeway DriveRussell Springs, KY 42642

(270) 866-4200

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

28th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

97th percentile

81%

Higher net margin than 97% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

79th percentile

23%

Faster asset growth than 79% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

4th percentile

-55%

Faster revenue growth than 4% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets27th percentile

Assets

Up

$620,960

Up $116,518 (+23%) from 2018

Net Assets

Up

$620,960

Up $116,518 (+23%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue28th percentileNet Margin97th percentile

Revenue

Down

$86,800

Down $107,033 (-55%) from 2018

Expenses

Down

$16,398

Down $13,261 (-45%) from 2018

Net Income

Down

$70,402

Down $93,772 (-57%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth79th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2013: $65,794Liabilities 2013: $02013Assets 2014: $167,035Liabilities 2014: $02014Assets 2015: $237,843Liabilities 2015: $02015Assets 2016: $286,223Liabilities 2016: $02016Assets 2017: $340,268Liabilities 2017: $0Net Assets 2017: $340,2682017Assets 2018: $504,442Liabilities 2018: $0Net Assets 2018: $504,4422018Assets 2019: $620,960Liabilities 2019: $0Net Assets 2019: $620,9602019Assets 2020: $716,627Liabilities 2020: $0Net Assets 2020: $716,6272020Assets 2021: $1,064,586Liabilities 2021: $0Net Assets 2021: $1,064,5862021Assets 2022: $1,171,208Liabilities 2022: $0Net Assets 2022: $1,171,2082022Assets 2023: $1,281,905Liabilities 2023: $0Net Assets 2023: $1,281,9052023Assets 2024: $1,545,465Liabilities 2024: $0Net Assets 2024: $1,545,4652024Assets 2025: $1,657,505Liabilities 2025: $0Net Assets 2025: $1,657,5052025

Highlighted filing

2019

Assets$620,960
Liabilities$0
Net Assets$620,960
Open 2019 Filing

Operations Trend

Revenue Growth4th percentile

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

$300K$200K$100K$0Revenue 2013: $90,258Expenses 2013: $24,464Net Income 2013: $65,7942013Revenue 2014: $145,063Expenses 2014: $43,822Net Income 2014: $101,2412014Revenue 2015: $87,254Expenses 2015: $16,446Net Income 2015: $70,8082015Revenue 2016: $90,797Expenses 2016: $42,417Net Income 2016: $48,3802016Revenue 2017: $111,363Expenses 2017: $57,318Net Income 2017: $54,0452017Revenue 2018: $193,833Expenses 2018: $29,659Net Income 2018: $164,1742018Revenue 2019: $86,800Expenses 2019: $16,398Net Income 2019: $70,4022019Revenue 2020: $111,004Expenses 2020: $27,939Net Income 2020: $83,0652020Revenue 2021: $219,552Expenses 2021: $23,567Net Income 2021: $195,9852021Revenue 2022: $278,017Expenses 2022: $47,016Net Income 2022: $231,0012022Revenue 2023: $67,903Expenses 2023: $35,871Net Income 2023: $32,0322023Revenue 2024: $217,134Expenses 2024: $45,106Net Income 2024: $172,0282024Revenue 2025: $172,881Expenses 2025: $159,845Net Income 2025: $13,0362025

Highlighted filing

2019

Revenue$86,800
Expenses$16,398
Net Income$70,402
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 6, 2019
Return Version
2018v3.1
Gross Receipts
$86,800
Mission and Program Overview

Mission

The mission of the organization is to encourage philanthropic giving by providing an accessible means for contributions to be made to permanent endowments that benefit charitable concerns related to community and economic development, education, health and human services, the arts, public recreation, and civic beautification.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$504,442$620,960▲ $116,518
Investments Other Securities$495,265$594,871▲ $99,606
Cash and Non-Interest-Bearing Accounts$9,177$26,089▲ $16,912
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$504,442$620,960▲ $116,518
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$504,442$620,960▲ $116,518
Total Liabilities and Net Assets / Fund Balance$504,442$620,960▲ $116,518

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$594,871--
Compensation and Service Providers
Top Officer Pay50th percentile

Board Members and Trustees

NameTitle
Winter HuffPresident
Matthew HopperVice President
Hazel SmithDirector
John PhelpsDirector
Kenny RamseyDirector
Michael FordDirector
Sharon PayneDirector
Ashley BurtonSecretary
Anita TuckerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$74,557
Program Service Revenue
$0
Investment Income
$12,243
Other Revenue
$0
All Other Contributions
$74,557
Change in Net Assets
$70,402
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$11,398
Grants and Similar Amounts Paid$5,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses-$11,398-$11,398
Grants to Domestic Individuals$5,000--$5,000
Total Functional Expenses$5,000$11,398$0$16,398
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Secretary signs and board approvs”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Lake Area Foundation Inc
EIN
46-1333280
Phone
2708664200
Address
2384 LAKEWAY DRIVE, RUSSELL SPRINGS, KY 42642

Signing Officer

Name
Winter Huff
Title
Chair
Phone
2708664200
Signed
2019-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Winter Huff
Formed
2012
Legal Domicile
Ky
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Campbell Myers & Rutledge Pllc
Address
410 SOUTH BROADWAY, GLASGOW, KY 42141
Preparer
Robert Van Shepard
Phone
2706512163
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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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IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt012243
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt086800
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0504442
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0620960
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02384 LAKEWAY DR
IRS990/USAddress/CityNm0RUSSELL SPRINGS
IRS990/USAddress/StateAbbreviationCd0KY
IRS990/USAddress/ZIPCd042642
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.LAKEAREAFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-04-17 16:48:07Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0WINTER HUFF
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum02708664200
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAKE AREA FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0LAKE
ReturnHeader/Filer/EIN0461333280
ReturnHeader/Filer/PhoneNum02708664200
ReturnHeader/Filer/USAddress/AddressLine1Txt02384 LAKEWAY DRIVE
ReturnHeader/Filer/USAddress/CityNm0RUSSELL SPRINGS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KY
ReturnHeader/Filer/USAddress/ZIPCd042642
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0762BF20CBC7167A16929881F96FF148CAEDAB609
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0762BF20CBC7167A16929881F96FF148CAEDAB609
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt096.31.58.195
ReturnHeader/FilingSecurityInformation/IPDt02019-11-06
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm011:10:38
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0610975454
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CAMPBELL MYERS & RUTLEDGE PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0410 SOUTH BROADWAY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GLASGOW
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd042141
ReturnHeader/PreparerPersonGrp/PhoneNum02706512163
ReturnHeader/PreparerPersonGrp/PreparationDt02019-11-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT VAN SHEPARD
ReturnHeader/ReturnTs02019-11-14T13:52:57-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$620,960
Liabilities
$0
Net assets
$620,960
Revenue
$86,800
Expenses
$16,398
Net income
$70,402
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.66$0.00$1.66$0.17$0.16$0.01
2024Detailed filing. Detailed filing data is available for this year.$1.55$0.00$1.55$0.22$0.05$0.17
2023Detailed filing. Detailed filing data is available for this year.$1.28$0.00$1.28$0.07$0.04$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.17$0.00$1.17$0.28$0.05$0.23
2021Detailed filing. Detailed filing data is available for this year.$1.06$0.00$1.06$0.22$0.02$0.20
2020Detailed filing. Detailed filing data is available for this year.$0.72$0.00$0.72$0.11$0.03$0.08
2019Detailed filing. Detailed filing data is available for this year.$0.62$0.00$0.62$0.09$0.02$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.50$0.00$0.50$0.19$0.03$0.16
2017Detailed filing. Detailed filing data is available for this year.$0.34$0.00$0.34$0.11$0.06$0.05
2016Summary only. Only limited summary data is available for this year.$0.29$0.00$0.09$0.04$0.05
2015Summary only. Only limited summary data is available for this year.$0.24$0.00$0.09$0.02$0.07
2014Summary only. Only limited summary data is available for this year.$0.17$0.00$0.15$0.04$0.10
2013Summary only. Only limited summary data is available for this year.$0.07$0.00$0.09$0.02$0.07