LAKE AREA UNITED WAY INC Charity Report

Public IRS 990 nonprofit record

LAKE AREA UNITED WAY INC

EIN 23-7170019 · Philanthropy, Voluntarism & Grantmaking Foundations (T700)

What they do

to IMPROVE LIVES BY MOBILIZING THE CARING POWER of OUR COMMUNITY to ADVANCE THE COMMON GOOD.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $89.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2020The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders23 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

162.55%of revenue went to mission work89.9% of expenses · Program services

8.05%of revenue went to fundraising4.5% of expenses

$180.80spent for every $100 of revenueSpending was higher than revenue this year.

10.21%of revenue went to management and office costs5.6% of expenses

$0.59in assets for every $1 spent this yearSome assets cannot be spent right away.

95.9%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $1,922,266 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $151,032 for LISA DAUGHERTY (OUTGOING PRESIDENT/CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2020

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$2,378,977

Mission workProgram services$3,866,935162.55% of revenue89.9% of expenses

ManagementOffice and general costs$242,78510.21% of revenue5.6% of expenses

FundraisingAsking for donations$191,5238.05% of revenue4.5% of expenses

Total expenses$4,301,243180.80% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2020CurrentExpense mix: 89.9% mission · 5.6% management · 4.5% fundraisingTotal expenses: 180.80% of revenue

2019Expense mix: 77.4% mission · 12.5% management · 10.1% fundraisingTotal expenses: 86.42% of revenue

2018Expense mix: 75.2% mission · 14.8% management · 10.0% fundraisingTotal expenses: 99.01% of revenue

2017Expense mix: 78.3% mission · 10.7% management · 11.1% fundraisingTotal expenses: 98.97% of revenue

2016Expense mix: 79.8% mission · 8.5% management · 11.8% fundraisingTotal expenses: 112.69% of revenue

Money in and money out

Revenue$2,378,977

Expenses$4,301,243

Annual shortfall $1,922,266 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$3,866,935 · 89.9% of expenses

Management and office costs$242,785 · 5.6% of expenses

Fundraising$191,523 · 4.5% of expenses

See all reported dollar amounts

Revenue$2,378,977

Expenses$4,301,243

Assets$2,544,209

Income$2,379,147

Contributions$2,282,586

Mission work (program services)$3,866,935

Fundraising$191,523

Grants given$9,147,334

Average grant$51,102

Management and general$242,785

Executive compensation (total)$65,000

Accounting fees$26,025

Investing fees$6,752

People

Leadership and board

Tax year 2020

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

LISA DAUGHERTYOUTGOING PRESIDENT/CEO · 40 hrs/week $151,032Base $146,032 · Other $5,000

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (23)

LISA DAUGHERTYOUTGOING PRESIDENT/CEO

LEO CORREATRUSTEE

TOM MCDERMOTT SRTRUSTEE

SHERRI ZILLERTRUSTEE

PHIL TAILLONVICE CHAIR

MIKE WORTHAMTRUSTEE

MIKE SCHNEIDERTRUSTEE

MICHAEL JASAITISCHAIRMAN

MATT SALTANOVITZTRUSTEE

MARISA SMOLJANTREASURER

MARIJO DLUZAKTRUSTEE

LOUIE GONZALEZTRUSTEE

AARON MCDERMOTTTRUSTEE

JULIAN MARSHTRUSTEE

JIM DYETRUSTEE

JENNIFER MONTAGUETRUSTEE

JEFF STRACKSECRETARY

FRANK MRVANTRUSTEE

EVELYN MORRISONTRUSTEE

DESILA ROSETTITRUSTEE

DAVID NICOLEINTERIM PRESIDENT/CEO

CHRISTOPHER WHITEPAST CHAIR

ALLEN M SPAJERTRUSTEE

About this charity

Recognized since: January 1972
Location: 221 WEST RIDGE ROAD, GRIFFITH, IN 46319
County: Lake
In care of: DAVID M NICOLE
Primary officer: DAVID M NICOLE, INTERIM PRESIDENT

How to reach them

WebsiteVisit the charity’s website Phone(219) 923-2302

Filing and classification

Latest tax year: 2020
Tax period began: July 1, 2020
Return type: 990
Tax preparer: SWARTZ RETSON & CO PC
NTEE classification: Philanthropy, Voluntarism & Grantmaking Foundations (T700)
IRS tax category: Other Grantmaking and Giving Services
Grant-giving organization: Yes