Lake Summit Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 50,682 | 21,809 | 28,873 | 241.5 | — |
| 2012 | 47,262 | 23,140 | 24,122 | 240.1 | — |
| 2013 | 74,413 | 35,508 | 38,905 | 265.8 | 0% |
| 2014 | 80,535 | 39,139 | 41,396 | 255.5 | 0% |
| 2015 | 77,072 | 63,829 | 13,243 | 155.4 | 0% |
| 2016 | 66,717 | 39,147 | 27,570 | 267.9 | 0% |
| 2017 | 86,966 | 40,059 | 46,907 | 295.0 | 0% |
| 2018 | 59,670 | 67,573 | −7,903 | 166.8 | 0% |
| 2019 | 96,420 | 555,261 | −458,841 | 11.9 | 0% |
| 2020 | 127,073 | 106,119 | 20,954 | 104.0 | 55% |
| 2021 | 957,445 | 80,932 | 876,513 | 277.8 | 28% |
| 2022 | 351,179 | 89,301 | 261,878 | 272.7 | 0% |
In its most recent public year (2022), this organization brought in $261,878 more than it spent. Its reserves stood at about 272.7 months of spending, up from 241.5 in 2011. Staff pay was 0% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2022. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Lake Summit Foundation's IRS filings as a feed — one entry per filing year, through 2022. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works