EIN 34-1779303

Laurel Lake Retirement Community Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
State
Year formed
1995
Most recent tax filings
2022-12-01
NTEE code, primary
Description
Laurel Lake Foundation fosters charitable giving and enriches the quality of life for residents through campus-wide projects and programs.
Related structure
Laurel Lake Retirement Community Foundation is a subordinate organization under Laurel Lake Retirement Community.
Total revenues
$814,844
2022
Total expenses
$345,190
2022
Total assets
$5,076,444
2022
Num. employees
0
2022

Program areas at Laurel Lake Retirement Community Foundation

The Laurel Lake Foundation provided resources to help satisfy the needs of Life Care contracted residents at Laurel Lake Retirement Community. Life Care contracted residents enjoy the security of lifetime care, even when causes beyond their control make it no longer possible to fully pay their Laurel Lake monthly service fee. Each year since inception over two decades ago, between two and six residents have found peace of mind in receiving subsidies due to unanticipated financial circumstances such as outliving their resources.
The enriching effects of the Foundation touch on all facets of life at Laurel Lake, from life-changing programs to the most practical projects like facility-wide equipment needs. Careful capital planning provides for most equipment at Laurel Lake. However, when the Foundation can step in and help with a capital need, some projects that may not have been possible to tackle until later can be brought to fruition sooner. The need to replace a campus utility vehicle is one of those instances. Equipped with a fully enclosed cab, a new Cushman Truckster serves the community year-round. The compact truck is used for many winter projects, especially replenishing salt barrels stationed at entryways throughout campus. The wide tires ensure that it can drive right up to the back yards of villas and apartments. And an extra-large dump bed hauls one ton of soil and mulch or other supplies through the warmer months right to a worksite without the need for a wheelbarrow. Proper maintenance of our campus for the enjoyment, safety, and well-being of hundreds of people is essential. The Cushman Truckster and its mighty hauling capability enable the groundskeeper and other operators to provide Laurel Lake with reliable campus-wide upkeep.
Committed to providing resources that help satisfy the physical plant and campus needs of Laurel Lake Retirement Community, the focus was given to highly visible, heavily utilized public areas due for replacement of worn furniture and dated dcor, but not included in the ongoing Town Center Renovation project. These were areas that had been carefully maintained but not redecorated or remodeled in over a decade. The Laurel Lake Foundation helped to refurbish these key areas used frequently by residents, family members and guests of Laurel Lake. This upgrade significantly improved the appearance, comfort, and functionality of the Wellness Center, Greenwood Suites and Greenwood Commons Assisted Living, Pats Patio Outdoor Dining Area, Guest Suites used by families and other visitors, the Front Entrance Breezeway and the Laurel Lake Library.

Grants made by Laurel Lake Retirement Community Foundation

GranteeGrant descriptionAmount
Laurel Lake Retirement CommunityVarious Enrichment Programs for Residents$109,626

Who funds Laurel Lake Retirement Community Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Tom H and Anne H Jenkins CharEnhance Lives for Residents$20,000
The Swagelok FoundationTo Further the Organization's Tax Exempt Purpose$250
AmazonSmile FoundationGeneral Support$5

Personnel at Laurel Lake Retirement Community Foundation

NameTitleCompensation
David OsterPresident, Ex Officio$0
William Tony FitzgeraldOffering Executive Coaching and$0
Ann KirkTreasurer$0
Blake RawsonVice Chair$0
Amy McCarthySecretary / Trustee$0
...and 3 more key personnel

Financials for Laurel Lake Retirement Community Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$810,428
Program services$0
Investment income and dividends$105,719
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-101,303
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$814,844

Form 990s for Laurel Lake Retirement Community Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
2020-122021-11-15990View PDF
2019-122021-04-02990View PDF
2018-122020-01-31990View PDF
...and 9 more Form 990s
Data update history
December 27, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 27, 2023
Updated personnel
Identified 1 new personnel
November 24, 2023
Updated personnel
Identified 2 new personnel
July 14, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 26, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Grantmaking organizationsCommunity foundationsRetirement homesChapter / child organizationsCharities
Issues
Community improvement
Characteristics
Provides grantsEndowed supportTax deductible donationsNo full-time employees
General information
Address
200 Laurel Lake Dr
Hudson, OH 44236
Metro area
Akron, OH
County
Summit County, OH
Website URL
laurellake.org/ 
Phone
(330) 650-0681
IRS details
EIN
34-1779303
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1995
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T31: Community Foundations
NAICS code, primary
62331: Assisted Living and Continuing Care Retirement Communities
Parent/child status
Subordinate organization
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