THE LAKELAND FOUNDATION Charity Report

Public IRS 990 nonprofit record

THE LAKELAND FOUNDATION

EIN 34-1369714 · Private Grantmaking Foundations (T20)

What they do

THE LAKELAND FOUNDATION CREATES RELATIONSHIPS and SOLICITS RESOURCES THROUGHOUT NORTHEAST OHIO and FOCUSES THEM ON SUPPORTING LAKELAND COMMUNITY COLLEGES MISSION "TO PROVIDE QUALITY LEARNING OPPORTUNITIES to MEET THE SOCIAL and ECONOMIC NEEDS of THE COMMUNITY." THE FOUNDATION HAS SUPPORTED THE COLLEGE IN THE AREAS of 1) STUDENT SCHOLARSHIPS and GRANTS, 2) FACULTY DEVELOPMENT and TEACHING ENHANCEMENT PROGRAMS, and 3) TECHNOLOGY UPGRADES and SUPPORT to BENEFIT STUDENTS AND/OR FACULTY.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $86.70 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 2024The charity has a recent tax report to read.

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

They name their leaders45 people are listed in the latest report.

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

Money made simple

56.15%of revenue went to mission work86.7% of expenses · Program services

$64.79spent for every $100 of revenueRevenue covered expenses this year.

8.64%of revenue went to management and office costs13.3% of expenses

$14.07in assets for every $1 spent this yearSome assets cannot be spent right away.

66.3%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.

Pay context: The highest compensation shown in this filing is $72,174 for GREGORY L SANDERS (EXECUTIVE DIRECTOR). 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 2024

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$1,474,303

Mission workProgram services$827,78156.15% of revenue86.7% of expenses

ManagementOffice and general costs$127,4528.64% of revenue13.3% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$519,07035.21% of revenueShown in gray on the chart

Total expenses$955,23364.79% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

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

2024CurrentExpense mix: 86.7% mission · 13.3% management · 0.0% fundraisingTotal expenses: 64.79% of revenue

2023Expense mix: 76.2% mission · 23.8% management · 0.0% fundraisingTotal expenses: 67.98% of revenue

2022Expense mix: 77.1% mission · 22.9% management · 0.0% fundraisingTotal expenses: 26.60% of revenue

2021Expense mix: 81.8% mission · 18.2% management · 0.0% fundraisingTotal expenses: 44.83% of revenue

2020Expense mix: 81.7% mission · 17.6% management · 0.8% fundraisingTotal expenses: 60.59% of revenue

2019Expense mix: 74.4% mission · 23.4% management · 2.2% fundraisingTotal expenses: 61.54% of revenue

2018Expense mix: 86.5% mission · 13.2% management · 0.2% fundraisingTotal expenses: 104.54% of revenue

2017Expense mix: 79.0% mission · 20.3% management · 0.8% fundraisingTotal expenses: 60.83% of revenue

Money in and money out

Revenue$1,474,303

Expenses$955,233

Annual surplus $519,070 Revenue was higher than expenses 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)$827,781 · 86.7% of expenses

Management and office costs$127,452 · 13.3% of expenses

See all reported dollar amounts

Revenue$1,474,303

Expenses$955,233

Assets$13,440,221

Income$4,558,415

Contributions$976,810

Mission work (program services)$827,781

Grants given$2,989,146

Average grant$373,643

Management and general$127,452

Executive compensation (total)$45,568

Stocks and bonds$12,277,164

Accounting fees$27,390

Investing fees$42,312

People

Leadership and board

Tax year 2024

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

People reported as paid

Person and titleCompensation

GREGORY L SANDERSEXECUTIVE DIRECTOR · 20 hrs/week $72,174Base $59,978 · Other $12,196

TINA BAUCHEREXECUTIVE DIRECTOR · 20 hrs/week $47,658Base $41,287 · Other $6,371

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 (45)

GREGORY L SANDERSEXECUTIVE DIRECTOR

TINA BAUCHEREXECUTIVE DIRECTOR

RICHARD M OSBORNE JRBOARD MEMBER

KATHLEEN T MALEC DA EBOARD MEMBER - PART YEAR

KIP L MOLENAARBOARD MEMBER - PART YEAR

LESLIE S JOHNS ESQBOARD MEMBER

MAHA GEMAYELBOARD MEMBER

MARK R RUTHBOARD MEMBER - PART YEAR

MICHAEL D THOMASBOARD MEMBER

NICOLE MCKINNEY-JOHNSONBOARD MEMBER

NOREEN KOPPELMAN-GOLDSTEINBOARD MEMBER

PETER B CLAUSENBOARD MEMBER

RICHARD J STARKBOARD MEMBER

K MICHAEL BENZBOARD MEMBER

STEPHEN CAMPBELLBOARD MEMBER

SUNIL AHUJABOARD MEMBER

THOMAS W BENDABOARD MEMBER

TINA BARNAUSKASBOARD MEMBER

VALISSA TURNER HOWARDBOARD MEMBER

VERONICA I DAHLBERGBOARD MEMBER

VICTORIA SHCHERBAKOVDEPUTY TREASURER

WENDY F ZELEVICE CHAIRPERSON

WILLIAM M BOWERSBOARD MEMBER

DR STEVEN TSENGASBOARD MEMBER

BRENDON TRIPODOBOARD MEMBER

BRENT BUCKLEYBOARD MEMBER

BRUCE J CHANTRYBOARD MEMBER

CHRISTINE SOMMER-RILEYBOARD MEMBER

CHRISTOPHER HESSBOARD MEMBER

DAVID CUMMINSTREASURER

DEBORAH B FRIEDMAN MDBOARD MEMBER - PART YEAR

DEDE STORERBOARD MEMBER

DENNIS E ECKARTBOARD MEMBER

DONALD J DAILEYBOARD MEMBER

KA-PI HOH PHDBOARD CHAIRPERSON

GREGORY G YOUNG DPMBOARD MEMBER

HOWARD S RABBBOARD MEMBER

JACK C CORNACHIOBOARD MEMBER

JANET MAJKABOARD MEMBER

JANIS THIEDEMANNBOARD MEMBER

JERRIE LEE RISPOLIBOARD MEMBER

JOANNE FULTONBOARD MEMBER

JOHN CROOKSSECRETARY

JON J SNYDERCHAIRPERSON

ALYSON SCOTTBOARD MEMBER

About this charity

Recognized since: January 1982
Location: 7700 CLOCKTOWER DRIVE, KIRTLAND, OH 44094
County: Lake
In care of: DAVID CUMMINS
Primary officer: DAVID CUMMINS, TREASURER

How to reach them

WebsiteVisit the charity’s website Phone(440) 525-7255

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: PLANTE & MORAN PLLC
NTEE classification: Private Grantmaking Foundations (T20)
IRS tax category: Private Grantmaking Foundations
Grant-giving organization: Yes