Lake County Community Fund
Nonprofit profile at a glance
- EIN
- 814684882
- IRS 990 coverage
- 2019–2024
- Forms available
- Form 990 2024, Form 990-EZ 2018, Form 990-N 2016
- Location
- Leadville, CO, USA
- Phone
- 7192933396
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Community Foundations
Reported finances
- Revenue
- $1,440,708
- Expenses
- $935,719
- Assets
- $1,443,880
- Liabilities
- $44,141
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- MELISSA KENDRICK (PRESIDENT)
Highest reported compensation
- JOHN MCMURTRY (EXECUTIVE DI): $86,952 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The lake county community fund (lccf) is a nonprofit created to bring additional resources into lake county to support the community, including local non-profit organizations. The vision of the lccf is for lake county to have an abundance of sustainable philanthropic resources to support a thriving community. Its mission is to provide a means to expand the capacity of local organizations, promote and facilitate giving opportunities and inspire investment in lake county. The lccf will encourage donations by individuals, businesses, and foundations, and invite charities in leadville and twin lakes to apply for grant funding to further their missions. The lccf will (i) capture philanthropic dollars of people and organizations who love leadville; (ii) support existing non-profits and worthy causes in lake county; and (iii) make grants and provide capacity- building services to existing lake county non-profits.
What it reported doing in 2024
Fiscal sponsorship and capacity-building efforts. This lccf program area includes all the components of acquiring and housing fiscal sponsored funds, as well as serving as a local convener when appropriate and offering trainings and technical assistance to local nonprofit and charitable groups. This also includes putting on events in support of fiscal sponsored funds and/or events related to local capacity-building. In the prior year, the lccf housed seven fiscal sponsored funds (we love leadville tribute, pumpkin patch, tree of sharing, lions club safeway cards, lideres latinos leadville, and lake county open space initiative.
Operating model
- Revenue model
- Donor-supported. 75% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 86% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and the filing does not identify recipients for some grant dollars.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 77
- Accountability: 69
- Sustainability: 69
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 63.3%; rating input score 63
- Program expense ratio: 95.5%; rating input score 95
- Fundraising efficiency: $238.55 raised per $1 spent on fundraising; rating input score 93; 93rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 12th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 51.5%; rating input score 52; 30th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 2 of 8 controls in place; rating input score 25
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 35.1%; rating input score 87; 87th percentile among comparable filings
- Total-asset coverage ratio: 1.54; rating input score 57; 57th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 58; 58th percentile among comparable filings
- Officer compensation ratio: 9.3%; rating input score 39; 39th percentile among comparable filings
Growth
- Program expense growth: 23.1% per year; rating input score 100; 85th percentile among comparable filings
- Revenue growth: 26.9% per year; rating input score 100; 91st percentile among comparable filings
- Asset growth: 27.4% per year; rating input score 100; 89th percentile among comparable filings
Details
- Where the money goes: 63.3% of revenue deployed · 95.5% of spending went to programs
- Governance: 11 of 11 board members independent · 2 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $893K in reported program spending
- Leadership: top reported pay $87K · 12 people listed
- Consistency: 26 of 27 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes major donors and grants
- Filing history: 6 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Money network: 9 filed money-flow records
- Related organizations: 5 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Governance controls: 5 of 7 not reported.
- Review — Transparency & Controls: Grant itemization coverage scored 52/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Sustainability: Total-asset coverage ratio scored 57/100.
- Moderate — Sustainability: Officer compensation ratio scored 39/100.
- Review — Sustainability: Liabilities to assets ratio scored 58/100.