THE LAKELAND FOUNDATION

EIN: 341369714 501(c)(3)

KIRTLAND, OH

Total Revenue
$1,474,303
Total Expenses
$955,233
Total Assets
$13,440,221
Net Assets
$13,422,618
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
OH
Phone
4405257255
Tax Period
2024-07-01 to 2025-06-30

THE LAKELAND FOUNDATION, founded in 1981, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $519K, a strong 35% operating margin.

Mission

THE LAKELAND FOUNDATION CREATES RELATIONSHIPS AND SOLICITS RESOURCES THROUGHOUT NORTHEAST OHIO AND FOCUSES THEM ON SUPPORTING LAKELAND COMMUNITY COLLEGE'S MISSION "TO PROVIDE QUALITY LEARNING OPPORTUNITIES TO MEET THE SOCIAL AND ECONOMIC NEEDS OF THE COMMUNITY." THE FOUNDATION HAS SUPPORTED THE COLLEGE IN THE AREAS OF 1) STUDENT SCHOLARSHIPS AND GRANTS, 2) FACULTY DEVELOPMENT AND TEACHING ENHANCEMENT PROGRAMS, AND 3) TECHNOLOGY UPGRADES AND SUPPORT TO BENEFIT STUDENTS AND/OR FACULTY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $976,810
Program Service Revenue $0
Investment Income $558,345
Other Revenue $-60,852
TOTAL REVENUE $1,474,303

Expense Breakdown

Grants Paid $827,781
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $827,781
Other Expenses $127,452
TOTAL EXPENSES $955,233

Year-over-Year Comparison

2024 2023 Change
Revenue $1,474,303 $1,992,458 -0.3%
Expenses $955,233 $1,354,550 -0.3%
Net Income $519,070 $637,908 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
36
Independent Members
36
Employees
N/A
Volunteers
90

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$119,832
Total Directors
40
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JON J SNYDER CHAIRPERSON 1.0
Officer Director
$0 $0 $0
KA-PI HOH PHD BOARD CHAIRPERSON 2.0
Officer Director
$0 $0 $0
WENDY F ZELE VICE CHAIRPERSON 1.0
Officer Director
$0 $0 $0
ALYSON SCOTT BOARD MEMBER 1.0
Director
$0 $0 $0
BRENDON TRIPODO BOARD MEMBER 1.0
Director
$0 $0 $0
BRENT BUCKLEY BOARD MEMBER 1.0
Director
$0 $0 $0
BRUCE J CHANTRY BOARD MEMBER 1.0
Director
$0 $0 $0
CHRISTINE SOMMER-RILEY BOARD MEMBER 1.0
Director
$0 $0 $0
CHRISTOPHER HESS BOARD MEMBER 1.0
Director
$0 $0 $0
DEBORAH B FRIEDMAN MD BOARD MEMBER - Part Year 0.0
Director
$0 $0 $0
DEDE STORER BOARD MEMBER 1.0
Director
$0 $0 $0
DENNIS E ECKART BOARD MEMBER 1.0
Director
$0 $0 $0
DONALD J DAILEY BOARD MEMBER 1.0
Director
$0 $0 $0
DR STEVEN TSENGAS BOARD MEMBER 1.0
Director
$0 $0 $0
GREGORY G YOUNG DPM BOARD MEMBER 1.0
Director
$0 $0 $0
HOWARD S RABB BOARD MEMBER 1.0
Director
$0 $0 $0
JACK C CORNACHIO BOARD MEMBER 1.0
Director
$0 $0 $0
JANET MAJKA BOARD MEMBER 1.0
Director
$0 $0 $0
JANIS THIEDEMANN BOARD MEMBER 1.0
Director
$0 $0 $0
JERRIE LEE RISPOLI BOARD MEMBER 1.0
Director
$0 $0 $0
JOANNE FULTON BOARD MEMBER 1.0
Director
$0 $0 $0
K MICHAEL BENZ BOARD MEMBER 1.0
Director
$0 $0 $0
KATHLEEN T MALEC DA E BOARD MEMBER - PART YEAR 1.0
Director
$0 $0 $0
KIP L MOLENAAR BOARD MEMBER - PART YEAR 1.0
Director
$0 $0 $0
LESLIE S JOHNS ESQ BOARD MEMBER 1.0
Director
$0 $0 $0
MAHA GEMAYEL BOARD MEMBER 1.0
Director
$0 $0 $0
MARK R RUTH BOARD MEMBER - PART YEAR 1.0
Director
$0 $0 $0
MICHAEL D THOMAS BOARD MEMBER 1.0
Director
$0 $0 $0
NICOLE MCKINNEY-JOHNSON BOARD MEMBER 1.0
Director
$0 $0 $0
NOREEN KOPPELMAN-GOLDSTEIN BOARD MEMBER 1.0
Director
$0 $0 $0
PETER B CLAUSEN BOARD MEMBER 1.0
Director
$0 $0 $0
RICHARD J STARK BOARD MEMBER 1.0
Director
$0 $0 $0
RICHARD M OSBORNE JR BOARD MEMBER 1.0
Director
$0 $0 $0
STEPHEN CAMPBELL BOARD MEMBER 1.0
Director
$0 $0 $0
SUNIL AHUJA BOARD MEMBER 1.0
Director
$0 $0 $0
THOMAS W BENDA BOARD MEMBER 1.0
Director
$0 $0 $0
TINA BARNAUSKAS BOARD MEMBER 1.0
Director
$0 $0 $0
VALISSA TURNER HOWARD BOARD MEMBER 1.0
Director
$0 $0 $0
VERONICA I DAHLBERG BOARD MEMBER 1.0
Director
$0 $0 $0
WILLIAM M BOWERS BOARD MEMBER 1.0
Director
$0 $0 $0
David Cummins Treasurer 3.0
Officer
$0 $0 $0
GREGORY L SANDERS EXECUTIVE DIRECTOR 20.0
Officer
$59,978 $12,196 $72,174
John Crooks Secretary 3.0
Officer
$0 $0 $0
Tina Baucher Executive Director 20.0
Officer
$41,287 $6,371 $47,658
Victoria Shcherbakov Deputy Treasurer 3.0
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,474,303 $955,233 $13,440,221 $519,070
2024 $1,992,458 $1,354,550 $12,283,288 $637,908
2023 $4,121,317 $1,096,406 $10,975,092 $3,024,911
2022 $2,055,610 $921,623 $7,699,012 $1,133,987
2021 $1,600,890 $970,021 $7,945,697 $630,869
2020 $1,555,186 $957,135 $6,446,161 $598,051
2019 $1,716,102 $1,793,942 $5,782,948 $-77,840
2018 $2,211,587 $1,345,263 $5,860,794 $866,324
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