Nonprofit · EIN 46-1333280
LAKE AREA FOUNDATION INC
Tax-exempt · RUSSELL SPGS, KY 42642
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $172,881 | $159,845 | $13,036 | $1,657,505 | $0 | $1,657,505 |
| June 30, 2024 | 990 | $217,134 | $45,106 | $172,028 | $1,545,465 | $0 | $1,545,465 |
| June 30, 2023 | 990 | $67,903 | $35,871 | $32,032 | $1,281,905 | $0 | $1,281,905 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $134,945
- Program service revenue
- $0
- Investment income
- $37,936
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $37,350
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $37,350
- Management and general (functional)
- $122,495
Balance sheet and other
- Total assets, start of year
- $1,545,465
- Total assets, end of year
- $1,657,505
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,657,505
- Gross receipts
- $172,881
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2012
- State of legal domicile
- KY
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MATTHEW HOPPER | PRESIDENT Trustee or director | 1 | $0 |
| JOSH MYERS | SECRETARY Trustee or director | 1 | $0 |
| SHARON PAYNE | VICE PRESIDENT Trustee or director | 1 | $0 |
| LINDA STEPHENS | TREASURER Trustee or director | 1 | $0 |
| SHARON PAYNE | DIRECTOR Trustee or director | 1 | $0 |
| KENNY RAMSEY | DIRECTOR Trustee or director | 1 | $0 |
| HAZEL SMITH | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MATTHEW HOPPER | PRESIDENT Trustee or director | 1 | $0 |
| JOSH MYERS | SECRETARY Trustee or director | 1 | $0 |
| SHARON PAYNE | VICE PRESIDENT Trustee or director | 1 | $0 |
| LINDA STEPHENS | TREASURER Trustee or director | 1 | $0 |
| SHARON PAYNE | DIRECTOR Trustee or director | 1 | $0 |
| KENNY RAMSEY | DIRECTOR Trustee or director | 1 | $0 |
| HAZEL SMITH | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MATTHEW HOPPER | PRESIDENT Trustee or director | 1 | $0 |
| JOSH MYERS | SECRETARY Trustee or director | 1 | $0 |
| SHARON PAYNE | VICE PRESIDENT Trustee or director | 1 | $0 |
| LINDA STEPHENS | TREASURER Trustee or director | 1 | $0 |
| SHARON PAYNE | DIRECTOR Trustee or director | 1 | $0 |
| KENNY RAMSEY | DIRECTOR Trustee or director | 1 | $0 |
| HAZEL SMITH | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2384 LAKEWAY DR, RUSSELL SPGS, KY 42642-4509
- In care of
- % DONNA DIAZ
- Principal officer (990 for 2024)
- MATTHEW HOPPER, PO BOX 1570, RUSSELL SPRINGS, KY 42642
- Signed the 990
- MATTHEW HOPPER, CHAIR
- Phone
- (270) 866-4200
- Website
- WWW.LAKEAREAFOUNDATION.ORG
- Return prepared by
- CAMPBELL MYERS & RUTLEDGE PLLC
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.
Program accomplishments
- FOR THE BENEFIT OF COMMUNITY AND ECONOMIC DEVELOPMENT, EDUCATION, HEALTH AND HUMAN SERVICES, THE ARTS, PUBLIC RECREATION, AND CIVIC BEAUTIFICATIONExpenses $37,350 · grants $37,350
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 46-1333280
- 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
- 2014
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T31)
- Assets (IRS master file)
- $1,657,505
- Income (IRS master file)
- $172,881
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $172,881 | $159,845 | $1,657,505 | XML |
| 990 | June 2024 | $217,134 | $45,106 | $1,545,465 | XML |
| 990 | June 2023 | $67,903 | $35,871 | $1,281,905 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 46-1333280).
Questions about LAKE AREA FOUNDATION INC
- What is the EIN of LAKE AREA FOUNDATION INC?
- The employer identification number (EIN) of LAKE AREA FOUNDATION INC is 46-1333280.
- Is LAKE AREA FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to LAKE AREA FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LAKE AREA FOUNDATION INC 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 AREA FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAKE AREA FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of LAKE AREA FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names MATTHEW HOPPER.
- Who are the officers and directors of LAKE AREA FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does LAKE AREA FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $172,881, expenses of $159,845 and total assets of $1,657,505 at year end.
Other nonprofits in RUSSELL SPGS
- SEEDS OF HOPE LLC EIN 83-1824542 · last filed 990-EZ for 2026
- RUSSELL COUNTY KENTUCKY HOSPITAL DISTRICT HEALTH FACILITY CORP INC EIN 61-0965365 · last filed 990 for 2025
- FAMILY MEDICAL CENTERS COMMUNITY FOUNDATION INC EIN 85-0638638 · last filed 990 for 2025
- WOODLAND FARM FOUNDATION INC EIN 82-2855355 · last filed 990-PF for 2025
- ARTWORKS COMMUNITY ARTS EDUCATION CENTER INC EIN 81-4625860 · last filed 990-PF for 2025
- EMBRACE A CHILD FOUNDATION INC EIN 81-5133355 · last filed 990 for 2025
- KENTUCKY COUNSELING ASSOCIATION EIN 31-1051410 · last filed 990 for 2025
- RUSSELL COUNTY ARTS COUNCIL INC EIN 61-1074091 · last filed 990 for 2025
All nonprofits in RUSSELL SPGS · Kentucky · Philanthropy, voluntarism and grantmaking foundations