Public Charity

LAKE AREA FOUNDATION INC

LAKE AREA FOUNDATION INC is a Public Charity headquartered in RUSSELL SPRINGS, KY. Financial data from the 2025 filing: $173K revenue, $160K expenses, $1.7M total assets. 2 publicly reported grants to this organization, totaling roughly $61K, appear in IRS filings.

EIN: 461333280 RUSSELL SPRINGS, KY Latest filing: 2025
Total Revenue$173K
Total Expenses$160K
Total Assets$1.7M
Grant Records2
Funding Total$61K
Filing Years2020–2025

Mission

THE MISSION OF THE ORGANIZATION IS TO ENCOURAGE PHILANTHROPIC GIVING BY PROVIDING AN ACCESSIBLE MEANS FOR CONTRIBUTIONS TO BE MADE TO PERMANENT ENDOWMENTS THAT BENEFIT CHARITABLE CONCERNS RELATED TO COMMUNITY AND ECONOMIC DEVELOPMENT, EDUCATION, HEALTH AND HUMAN SERVICES, THE ARTS, PUBLIC RECREATION, AND CIVIC BEAUTIFICATION.

Officers & Directors

DIRECTOR Hazel Smith
SECRETARY Josh Myers
DIRECTOR Kenny Ramsey
TREASURER Linda Stephens
PRESIDENT Matthew Hopper
DIRECTOR / VICE PRESIDENT Sharon Payne

Officer compensation and complete director data available with membership.

Top Grant Purposes

PUBLIC, SOCIETAL BENEFIT
$56,100 1 grant
Social Services/Social Benefits
$5,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $173K $160K $1.7M
2024 $217K $45K $1.5M
2023 $68K $36K $1.3M
2021 $220K $24K $1.1M
2020 $111K $28K $717K

Between 2020 and 2025, reported annual revenue grew from $111K to $173K (+56%), with total assets most recently reported at $1.7M.

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

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