Civic Intelligence

Lakeshore Foundation Inc.

990 • Fiscal year 2019 • EIN 62-1762831

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 19, 2020

8044 Coley Davis RdNashville, TN 37221

(615) 646-4466

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Higher debt load relative to assets than 14% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

31st percentile

0.07x

Higher debt load relative to revenue than 31% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

96th percentile

75%

Higher net margin than 96% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

76th percentile

15%

Faster asset growth than 76% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

11th percentile

-28%

Faster revenue growth than 11% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Up

$8,985,430

Up $1,144,011 (+15%) from 2018

Net Assets

Up

$8,951,000

Up $1,109,811 (+14%) from 2018

Liabilities

Up

$34,430

Up $34,200 (+14870%) from 2018

Revenue

Down

$470,675

Down $187,348 (-28%) from 2018

Expenses

Down

$118,115

Down $118,266 (-50%) from 2018

Net Income

Down

$352,560

Down $69,082 (-16%) from 2018

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $4,815,203Liabilities 2011: $96,683Net Assets 2011: $4,718,5202011Assets 2012: $5,739,430Liabilities 2012: $610Net Assets 2012: $5,738,8202012Assets 2013: $6,626,644Liabilities 2013: $54,001Net Assets 2013: $6,572,6432013Assets 2014: $6,862,336Liabilities 2014: $18,034Net Assets 2014: $6,844,3022014Assets 2015: $6,631,177Liabilities 2015: $13,820Net Assets 2015: $6,617,3572015Assets 2016: $7,261,550Liabilities 2016: $20,803Net Assets 2016: $7,240,7472016Assets 2017: $7,980,593Liabilities 2017: $35,293Net Assets 2017: $7,945,3002017Assets 2018: $7,841,419Liabilities 2018: $230Net Assets 2018: $7,841,1892018Assets 2019: $8,985,430Liabilities 2019: $34,430Net Assets 2019: $8,951,0002019Assets 2020: $9,282,581Liabilities 2020: $24,355Net Assets 2020: $9,258,2262020Assets 2021: $10,366,798Liabilities 2021: $26,605Net Assets 2021: $10,340,1932021Assets 2022: $9,930,563Liabilities 2022: $24,355Net Assets 2022: $9,906,2082022Assets 2023: $10,421,915Liabilities 2023: $85,944Net Assets 2023: $10,335,9712023Assets 2024: $10,995,381Liabilities 2024: $0Net Assets 2024: $10,995,3812024

Highlighted filing

2019

Assets$8,985,430
Liabilities$34,430
Net Assets$8,951,000

Operations Trend

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

$1.0M$500K$0Revenue 2011: $395,775Expenses 2011: $196,060Net Income 2011: $199,7152011Expenses 2012: $228,4022012Revenue 2013: $815,729Expenses 2013: $359,443Net Income 2013: $456,2862013Revenue 2014: $741,108Expenses 2014: $335,536Net Income 2014: $405,5722014Revenue 2015: $443,691Expenses 2015: $301,462Net Income 2015: $142,2292015Revenue 2016: $444,299Expenses 2016: $165,067Net Income 2016: $279,2322016Revenue 2017: $595,929Expenses 2017: $156,162Net Income 2017: $439,7672017Revenue 2018: $658,023Expenses 2018: $236,381Net Income 2018: $421,6422018Revenue 2019: $470,675Expenses 2019: $118,115Net Income 2019: $352,5602019Revenue 2020: $433,266Expenses 2020: $166,189Net Income 2020: $267,0772020Revenue 2021: $795,083Expenses 2021: $120,241Net Income 2021: $674,8422021Revenue 2022: $391,529Expenses 2022: $87,126Net Income 2022: $304,4032022Revenue 2023: $484,500Expenses 2023: $148,781Net Income 2023: $335,7192023Revenue 2024: $451,994Expenses 2024: $126,649Net Income 2024: $325,3452024

Highlighted filing

2019

Revenue$470,675
Expenses$118,115
Net Income$352,560
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 19, 2020
Return Version
2019v5.1
Gross Receipts
$2,888,361
Mission and Program Overview

Mission

To provide funds for indigent care at the facilities of lakeshore estates, inc.

To provide funds for indigent care and renovation needs at the long term care facilities of lake shore estates.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$7,317,528$8,670,292▲ $1,352,764
Cash and Non-Interest-Bearing Accounts$441,391$235,138▼ $206,253
Intangible Assets$82,500$80,000▼ $2,500
Total Assets$7,841,419$8,985,430▲ $1,144,011
Liabilities
Other Liabilities$230$34,430▲ $34,200
Total Liabilities$230$34,430▲ $34,200
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,841,189$8,951,000▲ $1,109,811
Total Net Assets Fund Balance$7,841,189$8,951,000▲ $1,109,811
Total Liabilities and Net Assets / Fund Balance$7,841,419$8,985,430▲ $1,144,011
Compensation and Service Providers

Board Members and Trustees

NameTitle
John RobinsonPresident
Barbara OuthierSecretary
John ThweattTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$43,842
Program Service Revenue
$0
Investment Income
$426,833
Other Revenue
$0
All Other Contributions
$43,842
Change in Net Assets
$352,560

Audited Revenue Reconciliation

Revenue per Audited Statements
$470,675
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$757,251
Total Revenue per Audited Statements
$1,227,926
Total Revenue per Form 990
$470,675
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$66,872
Grants and Similar Amounts Paid$51,243
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$51,243--$51,243
Fees for Service Investment Mgmnt Fees-$50,612-$50,612
Fees for Services Accounting-$8,500-$8,500
Other Expenses$260$2,500-$260
Total Functional Expenses$51,503$66,612$0$118,115

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$118,115
Total Expenses per Audited Statements$118,115
Total Expenses per Form 990$118,115
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Lakeshore Estates IncNashville, TN-INDIGENT CARE - $45,534IMPROVEMENT TO FACILITIES - $5,709$51,243
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payable to Related Party$34,430
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
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

A draft copy of form 990 is sent to each board member for approval prior to filing.

Form 990, Part VI, Section B, Line 12C

The conflict policy is renewed annually and updated at any time changes occur. If a conflict occurs, the member is excluded from voting on the issue and the board determines any other action necessary.

Form 990, Part VI, Section C, Line 19

Governing documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Lakeshore Foundation Inc
EIN
62-1762831
Phone
6156464466
Address
8044 COLEY DAVIS RD, NASHVILLE, TN 37221

Signing Officer

Name
John Robinson
Title
President
Phone
6156464466
Signed
2020-06-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Robinson
Formed
1998
Legal Domicile
Tn
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Carr Riggs & Ingram LLC
Address
3011 ARMORY DRIVE SUITE 190, NASHVILLE, TN 37204
Preparer
Richard W Betts
Phone
6156651811
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Fin 48 footnote - the foundation has evaluated its tax positions for all open tax years. Currently, the tax years open and subject to examination by the internal revenue service are 2018, 2017 and 2016. Based on the evaluation of the foundation's tax positions, management believes all tax positions taken would be upheld under an examination by the tax authorities. Therefore, no provision for the effects of uncertain tax positions has been recorded for the year ended december 31 , 2019.

Raw XML Appendix386 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIN 48 FOOTNOTE - THE FOUNDATION HAS EVALUATED ITS TAX POSITIONS FOR ALL OPEN TAX YEARS. CURRENTLY, THE TAX YEARS OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE ARE 2018, 2017 AND 2016. BASED ON THE EVALUATION OF THE FOUNDATION'S TAX POSITIONS, MANAGEMENT BELIEVES ALL TAX POSITIONS TAKEN WOULD BE UPHELD UNDER AN EXAMINATION BY THE TAX AUTHORITIES. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR THE YEAR ENDED DECEMBER 31 , 2019.
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IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
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IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT COPY OF FORM 990 IS SENT TO EACH BOARD MEMBER FOR APPROVAL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONFLICT POLICY IS RENEWED ANNUALLY AND UPDATED AT ANY TIME CHANGES OCCUR. IF A CONFLICT OCCURS, THE MEMBER IS EXCLUDED FROM VOTING ON THE ISSUE AND THE BOARD DETERMINES ANY OTHER ACTION NECESSARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LAKESHORE ESTATES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0620604630
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0NURSING CARE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt08044 COLEY DAVIS ROAD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0NASHVILLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd037221
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt051243
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0LAKESHORE ESTATES INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt07841419
IRS990/TotalAssetsEOYAmt08985430
IRS990/TotalAssetsGrp/BOYAmt07841419
IRS990/TotalAssetsGrp/EOYAmt08985430
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt043842
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt066612
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt051503
IRS990/TotalFunctionalExpensesGrp/TotalAmt0118115
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0230
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IRS990/TotalLiabilitiesGrp/BOYAmt0230
IRS990/TotalLiabilitiesGrp/EOYAmt034430
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07841189
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt08951000
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt051503
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0426833
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0470675
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07841419
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt08985430
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0NASHVILLE
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd037221
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.LAKESHORESENIORLIVING.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN ROBINSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06156464466
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-06-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAKESHORE FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0LAKE
ReturnHeader/Filer/EIN0621762831
ReturnHeader/Filer/PhoneNum06156464466
ReturnHeader/Filer/USAddress/AddressLine1Txt08044 COLEY DAVIS RD
ReturnHeader/Filer/USAddress/CityNm0NASHVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd037221
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId02507241EAEDDA0E2A5C262FECDCE1E4FED8DA07F
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0159.100.161.121
ReturnHeader/FilingSecurityInformation/IPDt02020-06-19
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm014:28:46
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0721396621
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CARR RIGGS & INGRAM LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03011 ARMORY DRIVE SUITE 190
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NASHVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd037204
ReturnHeader/PreparerPersonGrp/PhoneNum06156651811
ReturnHeader/PreparerPersonGrp/PreparationDt02020-06-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICHARD W BETTS
ReturnHeader/ReturnTs02020-07-10T10:14:54-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.0$0.00$11.0$0.45$0.13$0.33
2023Detailed filing. Detailed filing data is available for this year.$10.4$0.09$10.3$0.48$0.15$0.34
2022Detailed filing. Detailed filing data is available for this year.$9.93$0.02$9.91$0.39$0.09$0.30
2021Detailed filing. Detailed filing data is available for this year.$10.4$0.03$10.3$0.80$0.12$0.67
2020Detailed filing. Detailed filing data is available for this year.$9.28$0.02$9.26$0.43$0.17$0.27
2019Detailed filing. Detailed filing data is available for this year.$8.99$0.03$8.95$0.47$0.12$0.35
2018Detailed filing. Detailed filing data is available for this year.$7.84$0.00$7.84$0.66$0.24$0.42
2017Detailed filing. Detailed filing data is available for this year.$7.98$0.04$7.95$0.60$0.16$0.44
2016Detailed filing. Detailed filing data is available for this year.$7.26$0.02$7.24$0.44$0.17$0.28
2015Detailed filing. Detailed filing data is available for this year.$6.63$0.01$6.62$0.44$0.30$0.14
2014Detailed filing. Detailed filing data is available for this year.$6.86$0.02$6.84$0.74$0.34$0.41
2013Detailed filing. Detailed filing data is available for this year.$6.63$0.05$6.57$0.82$0.36$0.46
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.74$0.00$5.74$0.23
2011Summary only. Only limited summary data is available for this year.$4.82$0.10$4.72$0.40$0.20$0.20