Nonprofit · EIN 58-2204306
EAST LAKE FOUNDATION INC
Tax-exempt · ATLANTA, GA 30317
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $6,307,097 | $6,102,893 | $204,204 | $70,154,647 | $1,406,802 | $68,747,845 |
| December 31, 2023 | 990 | $13,376,857 | $12,638,693 | $738,164 | $69,553,026 | $1,376,962 | $68,176,064 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $4,379,961
- Program service revenue
- $0
- Investment income
- $1,288,117
- Net gain from sales of assets
- $635,004
- Net income from fundraising events
- $612,187
- Other revenue
- $639,019
Expenses
- Grants and similar amounts paid
- $2,030,015
- Compensation of officers, directors and key employees
- $539,072
- Other salaries and wages
- $356,333
- Salaries, compensation and benefits (total)
- $1,187,992
- Professional fundraising fees
- $0
- Accounting fees
- $81,101
- Occupancy
- $229,833
- Travel
- $27,524
- Depreciation
- $1,525,235
- Program services (functional)
- $4,476,315
- Management and general (functional)
- $688,080
- Fundraising (functional)
- $938,498
Balance sheet and other
- Total assets, start of year
- $69,553,026
- Total assets, end of year
- $70,154,647
- Total liabilities, end of year
- $1,406,802
- Net assets, end of year
- $68,747,845
- Land, buildings and equipment
- $50,857,430
- Publicly traded securities
- $14,494,569
- Net assets without donor restrictions
- $67,116,474
- Net assets with donor restrictions
- $1,631,371
- Gross receipts
- $27,803,579
- Employees
- 15
- Volunteers
- 209
- Year formed
- 1995
- State of legal domicile
- GA
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ILHAM ASKIA | PRESIDENT Officer | 40 | $221,728 | $38,598 |
| CATHERINE H WOODLING | CHIEF OPERATING OFFICER Officer | 40 | $177,383 | $17,893 |
| MEISHA WHITE | CHIEF FINANCIAL OFFICER Officer | 40 | $144,711 | $36,386 |
| KIVATAH CASTILLA | EMPLOYEE Highest-paid employee | 40 | $158,620 | $16,277 |
| JENNIFER MCCRARY | EMPLOYEE Highest-paid employee | 40 | $113,387 | $23,686 |
| CHRIS WOMACK | IMMEDIATE PAST CHAIR Trustee or director | 1 | $0 | $0 |
| PHIL JACOBS | CHAIR Trustee or director | 1 | $0 | $0 |
| CHARLES PALMER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHERYL LOMAX | VICE CHAIR Trustee or director | 1 | $0 | $0 |
| CURLEY DOSSMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GERALD RENDER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN BREWER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOYCE RETO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LILLIAN COUSINS GIORNELLI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARILYN MACK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK LAZARUS | BOARD MEMBER Trustee or director | 1 | $0 |
| MARK RAHIYA | BOARD MEMBER Trustee or director | 1 | $0 |
| CHLOE BARZEY | BOARD MEMBER Trustee or director | 1 | $0 |
| ED ELKINS | BOARD MEMBER Trustee or director | 1 | $0 |
| SARA PRINCE | BOARD MEMBER Trustee or director | 1 | $0 |
| MAX HEINEMAN | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ILHAM ASKIA | PRESIDENT & CEO Officer | 40 | $215,270 | $8,728 |
| CATHERINE H WOODLING | CHIEF OPERATING OFFICER Officer | 40 | $172,216 | $16,839 |
| MEISHA WHITE | CHIEF FINANCIAL OFFICER Officer | 40 | $129,816 | $28,904 |
| JENNIFER MCCRARY | EMPLOYEE Highest-paid employee | 40 | $109,903 | $17,713 |
| CHRIS WOMACK | IMMEDIATE PAST CHAIR Trustee or director | 1 | $0 | $0 |
| PHIL JACOBS | CHAIR Trustee or director | 1 | $0 | $0 |
| CHARLES PALMER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHERYL LOMAX | VICE CHAIR Trustee or director | 1 | $0 | $0 |
| CURLEY DOSSMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GERALD RENDER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN BREWER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN R FRAZER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOYCE RETO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LILLIAN COUSINS GIORNELLI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARILYN HACK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARK LAZARUS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARK RAHIYA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ONOME OKUMA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RAY M ROBINSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROBERT L JOHNSTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SARA PRINCE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| THOMAS G COUSINS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MAX HEINEMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2606 ALSTON DR SE, ATLANTA, GA 30317-3334
- In care of
- % EAST
- Principal officer (990 for 2024)
- ILHAM ASKIA, 2606 ALSTON DRIVE, ATLANTA, GA 30317
- Signed the 990
- ILHAM ASKIA, PRESIDENT
- Phone
- (404) 373-4351
- Website
- WWW.EASTLAKEFOUNDATION.ORG
- Return prepared by
- WARREN AVERETT LLC
Mission
THE EAST LAKE FOUNDATION PARTNERS WITH THE VILLAGE OF EAST LAKE RESIDENTS, DREW CHARTER SCHOOL FAMILIES, AND KEY SERVICE PROVIDERS TO PROVIDE EQUITABLE RESOURCES AND SUPPORT FOR COMMUNITY MEMBERS TO THRIVE.
Program accomplishments
- STUDENT SUPPORT PROGRAM - PROVIDED AFTER SCHOOL PROGRAMS AND ADMINISTRATIVE SUPPORT TO STUDENTS OF DREW CHARTER SCHOOL AND EAST LAKE COMMUNITY.Expenses $3,456,442 · grants $1,465,656 · revenue $26,832
- RESIDENT AND COMMUNITY SUPPORT PROGRAM - OFFERS RESOURCES AND SUPPORT TO RESIDENTS OF THE VILLAGES OF EAST LAKE MIXED-INCOME HOUSING COMMUNITY, WITH AN EMPHASIS ON ECONOMIC STABILITY, CAREER DEVELOPMENT AND COMMUNITY ENGAGEMENT.Expenses $1,019,873 · grants $564,359
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 | Not 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
- 58-2204306
- 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
- 1996
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $70,154,647
- Income (IRS master file)
- $27,803,579
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $6,307,097 | $6,102,893 | $70,154,647 | IRS |
| 990 | December 2023 | $13,376,857 | $12,638,693 | $69,553,026 | XML |
| 990 | December 2022 | $11,852,753 | $12,657,197 | $68,536,747 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 58-2204306).
Questions about EAST LAKE FOUNDATION INC
- What is the EIN of EAST LAKE FOUNDATION INC?
- The employer identification number (EIN) of EAST LAKE FOUNDATION INC is 58-2204306.
- Is EAST LAKE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to EAST LAKE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does EAST LAKE 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 EAST LAKE FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did EAST LAKE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of EAST LAKE FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names ILHAM ASKIA.
- Who are the officers and directors of EAST LAKE FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 21 people; 5 received compensation from the organization, the highest $221,728 (ILHAM ASKIA, PRESIDENT).
- How much revenue does EAST LAKE FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $6,307,097, expenses of $6,102,893 and total assets of $70,154,647 at year end.
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