MAMMOTH LAKES FOUNDATION

EIN: 770245395 501(c)(3)

MAMMOTH LAKES, CA

Total Revenue
$480,820
Total Expenses
$437,915
Total Assets
$7,800,259
Net Assets
$7,761,232
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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
CA
Principal Officer
LUAN MENDEL
Phone
7609343781
Tax Period
2024-07-01 to 2025-06-30

MAMMOTH LAKES FOUNDATION, founded in 1989, is a small nonprofit that reported $481K in total revenue in fiscal year 2024. Expenses of $438K left a modest 9% surplus.

Mission

THE FOUNDATION SUPPORTS THE DEVELOPMENT OF HIGHER EDUCATION AND CULTURAL ENRICHMENT IN THE EASTERN SIERRA, INCLUDING THE ESTABLISHMENT OF A PERMANENT CAMPUS IN THE MAMMOTH LAKES AREA THAT WILL PROVIDE FACILITIES FOR ACADEMIC STUDIES, APPRECIATION OF THE ARTS, AND STUDENT HOUSING.

Program Service Accomplishments

Program 1
Expenses: $92,276 Revenue: $22,426

THE FOUNDATION AWARDED SCHOLARSHIPS IN THE FALL AND SPRING SEMSETERS. HUNDREDS OF STUDENTS HAVE RECEIVED SCHOLARSHIPS SINCE THE PROGRAM WAS STARTED.THE FOUNDATION CONTINUES TO WORK WITH COMMUNITY...

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THE FOUNDATION AWARDED SCHOLARSHIPS IN THE FALL AND SPRING SEMSETERS. HUNDREDS OF STUDENTS HAVE RECEIVED SCHOLARSHIPS SINCE THE PROGRAM WAS STARTED.THE FOUNDATION CONTINUES TO WORK WITH COMMUNITY ORGANIZATIONS AND THE COLLEGE AS TO FUTURE LAND USE AND FACILITIES. THE NEXT PROJECT THE COMMUNITY WOULD LIKE TO SEE DEVELOPED IS A CULTURAL CENTER, EXPANDED THEATER, AND NEW ARTS PROGRAMS. PLANNING AND VISIONING IS WHY WE HAVE A COLLEGE IN MAMMOTH LAKES. IT IS ESSENTIAL TO CONTINUE THIS PROCESS WHICH OFTEN TAKES YEARS BEFORE THE NEXT PROJECT CAN BECOME A REALITY.

Program 2

The Mammoth Lakes Foundation awarded 69 scholarships for the 2020-21 academic year to local students attending Cerro Coso Community College, Mammoth Lakes campus. Over 678 students have received...

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The Mammoth Lakes Foundation awarded 69 scholarships for the 2020-21 academic year to local students attending Cerro Coso Community College, Mammoth Lakes campus. Over 678 students have received scholarships since the programs inception. Today, the Foundation provides full-tuition scholarships and a book stipend each semester to local students of all ages enrolled at Cerro Coso. Students enrolled in a licensed vocational nursing program requiring travel also receive gas cards to help offset that expense. The Mammoth Lakes Foundation also provides academic support, mentoring, peer support, and other opportunities to its students including partial housing scholarships for eligible students residing in the South Gateway Apartments adjacent to the campus. The Mammoth Lakes Foundation also administers academic scholarships awarded to local high school students by the Terry Plum family.

Program 3

CURRENTLY, THE SKI MUSEUM HAS LIMITED EXHIBITS AS MOST OF THE EXHIBIT SPACE HAS BEEN CONVERTED TO THEATER USE. TWO ROOMS DISPLAY OLD MAMMOTH LAKES PHOTOS AND ONE TELLS A STORY ABOUT HOW THE AREA WAS...

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CURRENTLY, THE SKI MUSEUM HAS LIMITED EXHIBITS AS MOST OF THE EXHIBIT SPACE HAS BEEN CONVERTED TO THEATER USE. TWO ROOMS DISPLAY OLD MAMMOTH LAKES PHOTOS AND ONE TELLS A STORY ABOUT HOW THE AREA WAS DEVELOPED.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $396,292
Program Service Revenue $18,657
Investment Income $65,859
Other Revenue $12
TOTAL REVENUE $480,820

Expense Breakdown

Grants Paid $59,016
Salaries & Benefits $159,086
Fundraising Expenses $15,467
Program Expenses $92,276
Other Expenses $219,813
TOTAL EXPENSES $437,915

Year-over-Year Comparison

2024 2023 Change
Revenue $480,820 $-211,812 -3.3%
Expenses $437,915 $975,753 -0.6%
Net Income $42,905 $-1,187,565 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
3
Volunteers
28

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
5
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KENDRA KNIGHT Executive Dir. 40.00
Director
$0 $0 $0
GARY MCCOY MEMBER 1.00
Officer Director
$0 $0 $0
GARY MYERS Secretary/Treas 1.00
Officer Director
$0 $0 $0
NEIL SHERMAN MEMBER 1.00
Officer Director
$0 $0 $0
LUAN MENDEL Board Chair 1.00
Officer Director
$0 $0 $0
LOIS KLEIN MEMBER 1.00
Officer Director
$0 $0 $0
STACEY BARDFIELD MEMBER 1.00
Director
$0 $0 $0
JUDY BORNFELD MEMBER 1.00
Director
$0 $0 $0
SANDI FORSTENZER MEMBER 1.00
Director
$0 $0 $0
DAVID BARRETT MEMBER 0.00
Director
$0 $0 $0
ELIZABETH TRUAX EXECUTIVE DIRECTOR 40.00
$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 $480,820 $437,915 $7,800,259 $42,905
2024 $-211,812 $975,753 $8,002,409 $-1,187,565
2023 $1,747,970 $422,825 $9,366,223 $1,325,145
2022 $458,494 $435,796 $7,639,483 $22,698
2021 $343,421 $359,988 $7,611,436 $-16,567
2020 $1,460,028 $626,423 $8,259,458 $833,605
2019 $707,638 $831,030 $6,914,254 $-123,392
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