Community Foundation

LAKE CITY COMMUNITY FOUNDATION INC

Based in LAKE CITY, SC, LAKE CITY COMMUNITY FOUNDATION INC operates as a Community Foundation. The organization reported $43K in expenses for fiscal year 2020. Imperigo tracks 3 reported grant relationships connected to this organization totaling approximately $170K.

EIN: 205440142 LAKE CITY, SC Latest filing: 2020
Total Expenses$43K
Grant Records3
Funding Total$170K
Filing Years2017–2020

Mission

THE PURPOSE OF THE LAKE CITY COMMUNITY FOUNDATION IS TO IMPROVE THE QUALITY OF LIFE AND PROMOTE THE WELL-BEING OF THE CITIZENS RESIDING WITHIN THE COMMUNITY BY PROMOTING PHILANTHROPY AND SUPPORTING PROGRAMS AND ORGANIZATIONS THAT SERVE THE NEEDS AND INTERESTS AND ADVANCE THE GENERAL WELFARE OF SUCH CITIZENS.

Where $100 goes at Lake City Community Foundation Inc

How Lake City Community Foundation Inc divides every $100 it spends, from its own Form 990-EZ filings, averaged across 4 years.

$97 Programs the work itself
$3 Everything else operations and overhead

Form 990-EZ reports program spending but doesn't separate management from fundraising, so those are shown together.

Inside the $97 for programs

$97
There were no program service accomplishments due to the organization dissolving in 2020
All program spending
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Source: Form 990-EZ filings with the IRS, latest fiscal year 2020. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

VICE-CHAIRMAN Albert Mims
DIRECTOR Chasity Mcclam
DIRECTOR Eric Sebnick
DIRECTOR Joseph Landrum
DIRECTOR Lee Nettles
SECRETARY/TREASURER Lovith Anderson

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$120,000 2 grants
Unspecified
$50,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2020 — $43K —
2019 $123K $87K $43K
2018 $150K $154K $7K
2017 $1.2M $1.2M $12K

Between 2017 and 2019, reported annual revenue declined from $1.2M to $123K (-90%).

Interactive year-over-year charts and full filing details available with membership.

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