Nonprofit · EIN 34-1627858
LAKE PARKS FOUNDATION
Tax-exempt · WICKLIFFE, OH 44092
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $138,604 | $42,724 | $95,880 | $1,377,406 | $16,930 | $1,360,476 |
| December 31, 2024 | 990 | $35,375 | $15,549 | $19,826 | $1,213,149 | $37,764 | $1,175,385 |
| December 31, 2023 | 990 | $153,639 | $18,611 | $135,028 | $1,130,539 | $15,530 | $1,115,009 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $12,120
- Program service revenue
- $0
- Investment income
- $126,484
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $38,675
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $380
- Program services (functional)
- $38,675
- Management and general (functional)
- $4,049
Balance sheet and other
- Total assets, start of year
- $1,213,149
- Total assets, end of year
- $1,377,406
- Total liabilities, end of year
- $16,930
- Net assets, end of year
- $1,360,476
- Land, buildings and equipment
- $47,366
- Publicly traded securities
- $1,319,447
- Net assets without donor restrictions
- $452,227
- Net assets with donor restrictions
- $908,249
- Gross receipts
- $138,604
- Employees
- 0
- Volunteers
- 5
- Year formed
- 1989
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT DAKES | TREASURER & TRUSTEE Trustee or director, Officer | 5 | $0 |
| LORETTA DAKES | President & TRUSTEE Trustee or director, Officer | 3 | $0 |
| JOHN JR ANTALOVICH | VICE PRESIDENT & TRUSTEE Trustee or director, Officer | 1 | $0 |
| Laura Lytle | Secretary and Trustee Trustee or director, Officer | 2 | $0 |
| Leah Prengaman | Trustee Trustee or director | 2 | $0 |
990 for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT DAKES | TREASURER & TRUSTEE Trustee or director, Officer | 2 | $0 |
| LORETTA DAKES | President & TRUSTEE Trustee or director, Officer | 1 | $0 |
| JOHN JR ANTALOVICH | VICE PRESIDENT & TRUSTEE Trustee or director, Officer | 0.5 | $0 |
| Laura Lytle | Secretary and Trustee Trustee or director, Officer | 0.5 | $0 |
| Leah Prengaman | Trustee Trustee or director | 0.5 | $0 |
| Sean Williams | Trustee Trustee or director | 0.3 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT DAKES | TREASURER & TRUSTEE Trustee or director, Officer | 3 | $0 |
| LORETTA DAKES | SECRETARY & TRUSTEE Trustee or director, Officer | 2 | $0 |
| KEVIN CLINTON | PRESIDENT & TRUSTEE Trustee or director, Officer | 1.1 | $0 |
| JOHN JR ANTALOVICH | VICE PRESIDENT & TRUSTEE Trustee or director, Officer | 1.5 | $0 |
| Laura Lytle | Trustee Trustee or director | 1.1 | $0 |
Address and contacts
- Address (IRS master file)
- 29440 RIDGE RD, WICKLIFFE, OH 44092-1847
- Principal officer (990 for 2025)
- Loretta Dakes, 29440 Ridge Rd, Wickliffe, OH 44092
- Signed the 990
- Robert Dakes, Treasurer
- Phone
- (440) 637-1473
- Website
- www.lakeparksfoundation.org
Mission
To promote the development of parks, recreation, and leisure services in Lake County; to enhance the quality of life in Lake County by preserving land, environment, and natural heritage; and to create significant opportunities by conservation, education, recreation, and relaxation either directly or by contributions to organizations that qualify as exempt organizations under Section 501 (c) (3) of the Internal Revenue Code and its Regulations as they now exist or as they may hereafter be amended.
Program accomplishments
- Shelter at HemlockExpenses $35,780
- Educational ScholarshipsExpenses $1,415
- citizens supportExpenses $980
- Land acquisitionExpenses $500
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 34-1627858
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1990
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C32Z)
- Assets (IRS master file)
- $1,377,406
- Income (IRS master file)
- $138,604
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $138,604 | $42,724 | $1,377,406 | XML |
| 990 | December 2024 | $35,375 | $15,549 | $1,213,149 | XML |
| 990 | December 2023 | $153,639 | $18,611 | $1,130,539 | XML |
| 990 | December 2022 | -$4,281 | $75,155 | $993,789 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 34-1627858).
Questions about LAKE PARKS FOUNDATION
- What is the EIN of LAKE PARKS FOUNDATION?
- The employer identification number (EIN) of LAKE PARKS FOUNDATION is 34-1627858.
- Is LAKE PARKS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
- Are donations to LAKE PARKS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LAKE PARKS FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LAKE PARKS FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAKE PARKS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of LAKE PARKS FOUNDATION?
- The 990 for the year ended December 31, 2025 names Loretta Dakes.
- Who are the officers and directors of LAKE PARKS FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does LAKE PARKS FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $138,604, expenses of $42,724 and total assets of $1,377,406 at year end.
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