2025-02-18T07:57:04-06:00 2024-03-31 200493669 BARNES WENDLING CPAS LLC 5002 TIMBER COMMONS DRIVE SANDUSKY OH 44870 990 2023-04-01 204072755 THE LAKESIDE CHAUTAUQUA FOUNDATION LAKE 4197984461 236 WALNUT AVENUE LAKESIDE OH 43440 CHARLES ALLEN INTERIM PRESIDENT & CEO 4197984461 2025-02-18 1 1 DONALD P HANCK CPA ABV CFF P00014939 4196263627 2025-02-18 2023 2025-03-06 01:10:19Z CHARLES ALLEN 236 WALNUT AVENUE LAKESIDE OH 43440 3106877 0 X WWW.LAKESIDEOHIO.COM X 2006 OH TO CARRY OUT THE PURPOSES OF AND BENEFIT THE LAKESIDE ASSOCIATION 13 13 0 14 0 0 203340 365035 0 0 505105 1210256 0 0 708445 1575291 338168 369288 0 0 0 0 0 0 0 41189 41021 379357 410309 329088 1164982 9023136 10768693 31315 15858 8991821 10752835 TO CARRY OUT THE PURPOSES OF AND BENEFIT THE LAKESIDE ASSOCIATION 0 0 369288 369288 THE LAKESIDE CHAUTAUQUA FOUNDATION RAISES FUNDS FOR THE LAKESIDE ASSOCIATION AND MANAGES LONG-TERM ENDOWMENT FUNDS AND ANNUITY ACCOUNTS FOR THE LAKESIDE ASSOCIATION. THE LAKESIDE CHAUTAUQUA FOUNDATION TRANSFERRED $369,288 OF CONTRIBUTIONS AND EARNINGS TO THE LAKESIDE ASSOCIATION DURING THE YEAR ENDED MARCH 31, 2024. 369288 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 0 1 0 OH X X X CHARLES ALLEN PRESIDENT CEO 4197984461 236 WALNUT AVENUE LAKESIDE OH 43440 PAUL HUBBARD BOARD CHAIRPERSON 1.00 3.00 X X 0 0 0 DAVID WORKMAN BOARD VICE CHAIRPERSON 1.00 X X 0 0 0 MERIDITH EGAN BOARD NOMINATING CHAIR 1.00 X X 0 0 0 DAVID BLANK BOARD TREASURER 1.00 X X 0 0 0 KATIE BROWNING BOARD SECRETARY 1.00 X X 0 0 0 ERIC FUDO BOARD MEMBER 1.00 X 0 0 0 JEANNIE CHANEY BOARD MEMBER 1.00 X 0 0 0 JANE GREENE BOARD MEMBER 1.00 X 0 0 0 DONALD LONGWELL BOARD MEMBER 1.00 X 0 0 0 RANDY SNOW BOARD MEMBER 1.00 X 0 0 0 JIM YOUNG BOARD MEMBER 1.00 X 0 0 0 AMY SKOLNIK BOARD MEMBER 1.00 X 0 0 0 JANE ANDERSON EX-OFFICIO 1.00 20.00 X 0 0 0 TODD FOWLER EX-OFFICIO, W/O VOTE 1.00 3.00 X 0 0 0 CHARLES ALLEN PRESIDENT & CEO, W/O VOTE 1.00 40.00 X 0 175593 16252 GRETCHEN COLON V.P. MARKETING & ADVANCEMENT W/O VOTE 1.00 40.00 X 0 0 0 0 175593 16252 0 0 1 0 0 365035 365035 227063 227063 2514779 1531586 983193 983193 983193 1575291 0 0 1210256 369288 369288 TRUSTEE FEES 37654 37654 ENDOWMENT INCOME TRANSF 3367 3367 410309 369288 41021 0 9023136 10768693 9023136 10768693 31315 15858 31315 15858 X 2478558 2873953 6513263 7878882 8991821 10752835 9023136 10768693 1164982 596032 0 X X 0 1 X 1 0 X X X 1 THE LAKESIDE ASSOCIATION 344427938 10 1 369288 0 1 369288 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION B, LINE 1 THE LAKESIDE ASSOCIATION (SUPPORTED ORGANIZATION) PROVIDES SUPERVISORY AND OPERATING SUPPORT TO THE LAKESIDE CHAUTAUQUA FOUNDATION (SUPPORTING ORGANIZATION). THE LAKESIDE CHAUTAUQUA FOUNDATION DOES NOT HAVE ANY EMPLOYEES, SO IT IS RELIANT ON THE EMPLOYEES OF THE LAKESIDE ASSOCIATION FOR ALL OPERATIONS. IN ADDITION, THE LAKESIDE ASSOCIATION AND THE LAKESIDE CHAUTAUQUA FOUNDATION SHARE A COMMON PRESIDENT AND CEO. THE LAKESIDE CHAUTAUQUA FOUNDATION BOARD PRESIDENT SERVES AS A MEMBER OF THE LAKESIDE ASSOCIATION'S BOARD IN AN EX OFFICIO CAPACITY. THE LAKESIDE ASSOCIATION CONFIRMS THE APPOINTMENT OF THE DIRECTORS OF THE LAKESIDE CHAUTAUQUA FOUNDATION GOVERNING BODY. IN ADDITION, THE CEO/PRESIDENT, THE CFO AND THE SENIOR V.P. OF ADVANCEMENT & COMMUNICATIONS OF THE LAKESIDE ASSOCIATION SHALL BE EX-OFFICIO DIRECTORS OF THE LAKESIDE CHAUTAUQUA FOUNDATION, BUT WITHOUT VOTE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8769324 365035 1753841 369288 36341 10482571 9687758 203340 -747079 338168 36527 8769324 9241521 144820 639735 299632 38686 9687758 6435269 164272 2938077 263572 32524 9241521 6985113 507039 -768454 258512 29917 6435269 0.27180 0.72820 0 0 0 OBLIGATIONS UNDER ANNUITY AGREEMENTS, LESS CURRENT PORTION 12491 CURRENT PORTION OF OBLIGATIONS UNDER ANNUITY AGREEMENTS 3367 15858 X 1761014 596032 -410309 185723 1575291 0 1575291 0 0 0 410309 410309 410309 PART V, LINE 4: THE ENDOWMENT FUNDS CONSIST OF DONOR RESTRICTED AND BOARD DESIGNATED FUNDS TO BE HELD IN PERPETUITY, INCOME FROM WHICH IS TO BE USED TO SUPPORT THE PROGRAMS, PRESERVATION, AND OPERATIONS OF THE LAKESIDE ASSOCIATION. PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM THE FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE ORGANIZATION HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A)(2) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION DID NOT IDENTIFY ANY MATERIAL UNRECOGNIZED TAX BENEFITS UPON EVALUATION OF TAX POSITIONS TAKEN AND THEREFORE, THERE WAS NO MATERIAL EFFECT ON THE ORGANIZATION'S FINANCIAL CONDITION OR RESULTS OF OPERATIONS UPON ADOPTION. THE ORGANIZATION EVALUATES AT EACH BALANCE SHEET DATE UNCERTAIN TAX POSITIONS TAKEN, IF ANY, TO DETERMINE THE NEED TO RECORD LIABILITIES FOR TAXES, PENALTIES, AND INTEREST. THE ORGANIZATION'S POLICY IS TO RECORD INTEREST AND PENALTIES ON UNCERTAIN TAX PROVISIONS AS INCOME TAX EXPENSE. AS OF MARCH 31, 2024 AND 2023, THE ORGANIZATION HAD NO ACCRUED TAXES, INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS. THE ORGANIZATION ESTIMATES THE UNRECOGNIZED TAX BENEFIT WILL NOT CHANGE SIGNIFICANTLY WITHIN THE NEXT TWELVE MONTHS. PART XI, LINE 2D - OTHER ADJUSTMENTS: ANNUITANT DISTRIBUTIONS -3,367. TRUSTEE FEE -37,654. ENDOWMENT APPROPRIATION -369,288. PART XII, LINE 4B - OTHER ADJUSTMENTS: ANNUITY DISTRIBUTIONS 3,367. TRUSTEE FEE 37,654. ENDOWMENT APPROPRIATION 369,288. 0 THE LAKESIDE ASSOCIATION 236 WALNUT AVENUE LAKESIDE OH 43440 344427938 501(C)3 369288 0 GENERAL SUPPORT 1 0 0 0 0 0 0 0 0 0 0 CHARLES ALLEN PRESIDENT & CEO, W/O VOTE 0 158093 0 17500 0 0 0 15915 0 337 0 191845 0 0 FORM 990, PART VI, SECTION A, LINE 7A THE LAKESIDE ASSOCIATION HAS THE POWER TO CONFIRM APPOINTMENT OF THE GOVERNING BODY OF THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7B THE LAKESIDE ASSOCIATION HAS POWER OVER THE GOVERNANCE DECISIONS OF THE FOUNDATION BY SHARING A COMMON PRESIDENT AND CEO, CONFIRMING APPOINTMENT OF THE DIRECTORS, AND SERVING ON THE BOARD IN AN EX OFFICIO CAPACITY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE VP OF FINANCE AND THE AUDIT COMMITTEE OF THE LAKESIDE ASSOCIATION, AS WELL AS THE BOARDS OF THE FOUNDATION AND THE ASSOCIATION, PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT QUESTIONNAIRES ARE COMPLETED BY BOARD MEMBERS ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15B THE PERFORMANCE AND COMPENSATION REVIEW COMMITTEE OF THE LAKESIDE ASSOCIATION ANNUALLY REVIEWS THE COMPENSATION OF THE CEO BASED ON JOB PERFORMANCE AND INDUSTRY COMPENSATION TRENDS. THE LAKESIDE ASSOCIATION'S BOARD OF DIRECTORS APPROVES THE CEO SALARY ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. PART XII - LINE 2C THE PROCESS DID NOT CHANGE FROM THE PRIOR YEAR. THE LAKESIDE ASSOCIATION 236 WALNUT AVENUE LAKESIDE OH 43440 344427938 PROVIDE RELIGIOUS, EDUCATIONAL, CULTURAL, RECREATIONAL, MUNICIPAL SERVICES OH 501(C)(3) LINE 10 N/A 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 THE LAKESIDE ASSOCIATION B 369288 ENDOWMENT SPENDING POLICY