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Nonprofit · EIN 34-1779303

LAUREL LAKE RETIREMENT COMMUNITY FOUNDATION INC

Tax-exempt · HUDSON, OH 44236

Financials

$292K$314K2023$546K$377K2024
Revenue Expenses · by fiscal year end
Financials of LAUREL LAKE RETIREMENT COMMUNITY FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$546,481$376,958$169,523$5,913,658$496,516$5,417,142
December 31, 2023990$291,573$313,505-$21,932$5,661,741$605,314$5,056,427
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$326,315
Program service revenue
$0
Investment income
$220,166
Net gain from sales of assets
$55,846
Other revenue
$0

Expenses

Grants and similar amounts paid
$250,042
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$16,263
Program services (functional)
$250,042
Management and general (functional)
$79,167
Fundraising (functional)
$47,749

Balance sheet and other

Total assets, start of year
$5,661,741
Total assets, end of year
$5,913,658
Total liabilities, end of year
$496,516
Net assets, end of year
$5,417,142
Publicly traded securities
$5,406,381
Net assets without donor restrictions
$3,498,028
Net assets with donor restrictions
$1,919,114
Gross receipts
$546,481
Employees
0
Volunteers
10
Year formed
1995
State of legal domicile
OH

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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
DAVID A OSTERPRESIDENT
Officer
0.5$0$378,123$15,578
MADELINE FREEMANCFO
Officer
0.5$0$166,569$54
AMY MCCARTHYRESIDENT TRUSTEE
Trustee or director
1$0$0$0
JULIE BARNETTSECRETARY
Trustee or director
1$0$0$0
BLAKE RAWSONVICE CHAIR
Trustee or director
1$0$0$0
JENNIFER STANLEYTRUSTEE
Trustee or director
1$0$0$0
ANN KIRKTREASURER
Trustee or director
1$0$0$0
ELIZABETH MURPHYCHAIR
Trustee or director
1$0$0$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
DAVID A OSTERPRESIDENT
Officer
0.5$0$359,837$27,202
MADELINE FREEMANCFO (BEG. 6/23)
Officer
0.5$0$76,050$28
LORETTA STEVENSCFO (UNTIL 5/23)
Officer
0.5$0$75,993$72
JOHN MULLIGANCHAIRMAN
Trustee or director
4$0$0$0
AMY MCCARTHYRESIDENT TRUSTEE
Trustee or director
0.5$0$0$0
SR MARYANN GOLONKA HMTRUSTEE
Trustee or director
0.5$0$0$0
BLAKE RAWSONVICE CHAIR
Trustee or director
2$0$0$0
JENNIFER STANLEYTRUSTEE
Trustee or director
0.5$0$0$0
ANN KIRKTREASURER
Trustee or director
0.5$0$0$0
ELIZABETH MURPHYSECRETARY
Trustee or director
0.5$0$0$0

Address and contacts

Address (IRS master file)
200 LAUREL LAKE DRIVE, HUDSON, OH 44236-2156
In care of
% DAVID A OSTER
Principal officer (990 for 2024)
ANTHONY BERARDI, 200 LAUREL LAKE DRIVE, HUDSON, OH 44236
Signed the 990
ANTHONY BERARDI, CEO
Phone
(330) 650-0681
Return prepared by
MALONEY NOVOTNY LLC

Mission

ESTABLISHED IN 1994, THE LAUREL LAKE FOUNDATION IS THE CHARITABLE ARM OF LAUREL LAKE RETIREMENT COMMUNITY. ITS PURPOSE IS TO GENERATE AND MANAGE RESOURCES THAT VIGOROUSLY SUPPORT AND ENRICH THE QUALITY OF LIFE FOR LAUREL LAKE RESIDENTS NOW AND IN THE FUTURE. THE FOUNDATION IS DEDICATED TO HELPING SATISFY THE SOCIAL, INTELLECTUAL, PHYSICAL AND EMOTIONAL NEEDS OF RESIDENTS THROUGHOUT EVERY LEVEL OF LIFE WHILE INSPIRING OUR COMMUNITY OF FAMILIES, FRIENDS AND STAFF. THE FOUNDATION FUNDS A WIDE VARIETY OF PROJECTS AND PROGRAMS WHICH HELP CARE FOR RESIDENTS THROUGHOUT LIFES TRANSITIONS AND ENHANCE THE ACTIVE, STIMULATING AND REWARDING LIFESTYLE THAT LAUREL LAKE RESIDENTS ENJOY.

990 for the year ended December 31, 2024

Program accomplishments

  • THE LAUREL LAKE FOUNDATION PROVIDED RESOURCES TO HELP SATISFY THE NEEDS OF LIFE CARE CONTRACTED RESIDENTS AT LAUREL LAKE RETIREMENT COMMUNITY. LIFE CARE CONTRACTED RESIDENTS ENJOY THE SECURITY OF LIFETIME CARE, EVEN WHEN CAUSES BEYOND THEIR CONTROL MAKE IT NO LONGER POSSIBLE TO FULLY PAY THEIR LAUREL LAKE MONTHLY SERVICE FEE. EACH YEAR SINCE INCEPTION OVER TWO DECADES AGO, BETWEEN TWO AND SIX RESIDENTS HAVE FOUND PEACE OF MIND IN RECEIVING SUBSIDIES DUE TO UNANTICIPATED FINANCIAL CIRCUMSTANCES SUCH AS OUTLIVING THEIR RESOURCES.
    Expenses $250,042 · grants $250,042

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
34-1779303
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
1995
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$5,913,658
Income (IRS master file)
$546,481

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$546,481$376,958$5,913,658IRS
990December 2023$291,573$313,505$5,661,741XML
990December 2022$814,844$345,190$5,076,444IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 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 34-1779303).

Questions about LAUREL LAKE RETIREMENT COMMUNITY FOUNDATION INC

What is the EIN of LAUREL LAKE RETIREMENT COMMUNITY FOUNDATION INC?
The employer identification number (EIN) of LAUREL LAKE RETIREMENT COMMUNITY FOUNDATION INC is 34-1779303.
Is LAUREL LAKE RETIREMENT COMMUNITY FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
Are donations to LAUREL LAKE RETIREMENT COMMUNITY FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LAUREL LAKE RETIREMENT COMMUNITY 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 LAUREL LAKE RETIREMENT COMMUNITY 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 LAUREL LAKE RETIREMENT COMMUNITY 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 LAUREL LAKE RETIREMENT COMMUNITY FOUNDATION INC?
The 990 for the year ended December 31, 2024 names ANTHONY BERARDI.
Who are the officers and directors of LAUREL LAKE RETIREMENT COMMUNITY FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
How much revenue does LAUREL LAKE RETIREMENT COMMUNITY FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $546,481, expenses of $376,958 and total assets of $5,913,658 at year end.

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