EIN 34-1369714

The Lakeland Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
State
Year formed
1981
Most recent tax filings
2023-06-01
Description
The Lakeland Foundation creates relationships and solicits resources throughout Northeast Ohio to support Lakeland Community College's mission of providing quality learning opportunities that meet the social and economic needs of the community. The foundation has successfully supported the college in three areas, including student scholarships and grants, with a goal of ensuring no area student is deprived of a Lakeland community education.
Total revenues
$4,121,317
2023
Total expenses
$1,096,406
2023
Total assets
$10,975,092
2023
Num. employees
0
2023

Program areas at The Lakeland Foundation

Although program expenses are combined, The Foundation has successfully supported The college in The three areas described below:1) student scholarships and grants - The Foundation's goal is to ensure that no area student is deprived of a Lakeland community college education for financial reasons. While there are a number of government grants and loans available to students, this assistance is not available to all students and almost never pays The full cost of an education. Many of lcc's students are often already working but simply, no matter how hard they try, lack sufficient resources to pay The entire cost of tuition and books. The Foundation provides scholarship assistance to these students to bridge The gap. 2) faculty development and teaching enhancement programs - a distinguishing mark of lcc's faculty is The quality of their teaching and commitment to innovation in The classroom and community. The Foundation supports these efforts by awarding faculty grants for new course/project development, collaborations with community and professional organizations, and professional development.3) technology upgrades and support to benefit faculty and/or students - training and developing students for The "knowledge economy" cannot take place without regular access to state-of-the-art equipment, software and The internet. Students who can barely afford tuition often do not have resources for a computer that is required for classwork, especially online courses. The Foundation awards student grants to help them purchase equipment, software, and maintain internet connections. The Foundation also provides funding for classroom technology upgrades so that students and faculty have access to and experience on state-of-the-art equipment specific to The many programs of instruction The college offers.

Who funds The Lakeland Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Cleveland FoundationScholarships To Needy Students$196,349
The Wesley Family FoundationProvide Quality Learning Opportunities To Meet the Social & Economic Needs of the Community$37,500
American Endowment FoundationEducational$27,500
...and 13 more grants received

Personnel at The Lakeland Foundation

NameTitleCompensation
Gregory L SandersExecutive Director , 01 and 03 and 19 - 06 and 30 and 19$83,750
Michael MayherTreasurer$0
Ka-Pi HohBoard Chairperson / Board Member$0
Jon J SnyderVice Chairperson / Board Member$0
Dawn M PlanteSecretary$0
...and 1 more key personnel

Financials for The Lakeland Foundation

RevenuesFYE 06/2023
Total grants, contributions, etc.$3,699,140
Program services$0
Investment income and dividends$175,128
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$280,377
Net income from fundraising events$-33,328
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$4,121,317

Form 990s for The Lakeland Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-062024-03-28990View PDF
2022-062023-05-15990View PDF
2021-062022-04-26990View PDF
2020-062021-05-18990View PDF
2019-062021-01-21990View PDF
...and 9 more Form 990s
Data update history
January 3, 2024
Received grants
Identified 4 new grant, including a grant for $196,349 from The Cleveland Foundation
December 31, 2023
Received grants
Identified 10 new grant, including a grant for $182,012 from The Cleveland Foundation
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 11, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 3, 2023
Updated personnel
Identified 3 new personnel
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
Education
Characteristics
Provides grantsLobbyingFundraising eventsEndowed supportProvides scholarshipsFundraising races, competitions, and tournamentsTax deductible donationsNo full-time employees
General information
Address
7700 Clocktower Dr
Kirtland, OH 44094
Metro area
Cleveland-Elyria, OH
County
Lake County, OH
Website URL
lakelandfoundation.com/ 
Phone
(440) 525-7255
IRS details
EIN
34-1369714
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1981
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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