Nonprofit · EIN 59-3343026
COMMUNITY FOUNDATION OF SOUTH LAKE COUNTY INC
Tax-exempt · CLERMONT, FL 34711
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $2,450,471 | $2,100,198 | $350,273 | $20,049,212 | $433,286 | $19,615,926 |
| September 30, 2024 | 990 | $978,006 | $3,670,145 | -$2,692,139 | $19,142,546 | $944,525 | $18,198,021 |
| September 30, 2023 | 990 | $1,689,296 | $1,162,569 | $526,727 | $18,631,354 | $851,646 | $17,779,708 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $851,076
- Program service revenue
- $0
- Investment income
- $1,414,250
- Net rental income
- $9,100
- Net income from fundraising events
- -$2,202
- Other revenue
- $185,145
Expenses
- Grants and similar amounts paid
- $1,445,781
- Compensation of officers, directors and key employees
- $154,884
- Other salaries and wages
- $48,000
- Salaries, compensation and benefits (total)
- $217,135
- Professional fundraising fees
- $0
- Occupancy
- $15,128
- Travel
- $4
- Depreciation
- $21,901
- Program services (functional)
- $2,015,024
- Management and general (functional)
- $63,681
- Fundraising (functional)
- $21,493
Balance sheet and other
- Total assets, start of year
- $19,142,546
- Total assets, end of year
- $20,049,212
- Total liabilities, end of year
- $433,286
- Net assets, end of year
- $19,615,926
- Land, buildings and equipment
- $1,071,326
- Publicly traded securities
- $18,909,334
- Net assets without donor restrictions
- $19,615,926
- Gross receipts
- $2,457,775
- Employees
- 2
- Year formed
- 1995
- State of legal domicile
- FL
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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Pat Carraciolo | Vice President Trustee or director | 1 | $0 |
| Doneth Rose | Director Trustee or director | 2 | $0 |
| Heather Theis | Director Trustee or director | 1 | $0 |
| Donald Keene | Director Trustee or director | 1 | $0 |
| Erica Cole | Director Trustee or director | 1 | $0 |
| Nate Edmund | Director Trustee or director | 1 | $0 |
| Debbie Flynn | Director Trustee or director | 1 | $0 |
| Jill Ganley | Director Trustee or director | 1 | $0 |
| Sheri Spivey | Director Trustee or director | 0 | $0 |
| Merideth Nagel | Director Trustee or director | 0 | $0 |
| Michael Spartz | Treasurer Trustee or director, Officer | 2 | $0 |
| Paula Hosington | President Trustee or director, Officer | 2 | $0 |
| Sandy Simmonds | Immediate Past President Officer | 2 | $0 |
| Laura Michalski | Executive Director Officer, Key employee | 40 | $0 |
990 for the year ended September 30, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Doneth Rose | Director Trustee or director | 2 | $0 |
| Donald Keene | Director Trustee or director | 1 | $0 |
| Heather Theis | Director Trustee or director | 1 | $0 |
| Erica Cole | Director Trustee or director | 1 | $0 |
| Pat Carraciolo | Director Trustee or director | 1 | $0 |
| Lance Sewell | Director Trustee or director | 1 | $0 |
| Paula Hosington | Vice President Trustee or director, Officer | 2 | $0 |
| Michael Spartz | Treasurer Trustee or director, Officer | 2 | $0 |
| Mike Bucher | Immediate Past President Officer | 2 | $0 |
| Laura Michalski | Executive Director Officer, Key employee | 40 | $0 |
| Sandy Simmonds | President Officer | 2 | $0 |
990 for the year ended September 30, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Doneth Rose | Director Trustee or director | 2 | $0 |
| Donald Keene | Director Trustee or director | 1 | $0 |
| Heather Theis | Director Trustee or director | 1 | $0 |
| Erica Cole | Director Trustee or director | 1 | $0 |
| Pat Carraciolo | Director Trustee or director | 1 | $0 |
| Lance Sewell | Director Trustee or director | 1 | $0 |
| Paula Hosington | Vice President Trustee or director, Officer | 2 | $0 |
| Michael Spartz | Treasurer Trustee or director, Officer | 2 | $0 |
| Mike Bucher | Immediate Past President Officer | 2 | $0 |
| Laura Michalski | Executive Director Officer, Key employee | 40 | $0 |
| Sandy Simmonds | President Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 2150 OAKLEY SEAVER DR, CLERMONT, FL 34711-1964
- In care of
- % LAURA MICHALSKI
- Principal officer (990 for 2024)
- Laura Michalski, 2150 Oakley Seaver Drive, Clermont, FL 34711
- Signed the 990
- LAURA MICHALSKI, Executive Director
- Website
- WWW.CFSLC.ORG
- Return prepared by
- Binney Accounting and Assurance
Mission
The Foundations purpose is to enhance the lives of the residents of South Lake County now and for future generations by working together with our donors to build resources, address needs, and collaborate on key community issues and initiatives.
Program accomplishments
- The Foundation gives grants to eligible nonprofits for a variety of charitable purpose. The Foundations purpose is to enhance the lives of the residents of South Lake County now and for future generations to come by working together with our donors to build resources address needs and collaborate on key community issues and initiatives.Expenses $1,445,781
- The Foundation stewards charitable funds for individuals, families, business, and organization to help them address community issues that impact them. Additionally, the Foundation provides support to local nonprofit organizations to meet recognized standards in their field.Expenses $505,694
- Need and merit-based scholarships/grants are provided to schools and institutions to aid students in pursuing higher learning, continuing education, and career readiness.Expenses $63,549
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 59-3343026
- 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
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T31)
- Assets (IRS master file)
- $20,049,212
- Income (IRS master file)
- $2,457,775
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $2,450,471 | $2,100,198 | $20,049,212 | XML |
| 990 | September 2024 | $978,006 | $3,670,145 | $19,142,546 | XML |
| 990 | September 2023 | $1,689,296 | $1,162,569 | $18,631,354 | XML |
| 990 | September 2022 | $4,419,592 | $1,470,970 | $16,635,104 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | 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 59-3343026).
Questions about COMMUNITY FOUNDATION OF SOUTH LAKE COUNTY INC
- What is the EIN of COMMUNITY FOUNDATION OF SOUTH LAKE COUNTY INC?
- The employer identification number (EIN) of COMMUNITY FOUNDATION OF SOUTH LAKE COUNTY INC is 59-3343026.
- Is COMMUNITY FOUNDATION OF SOUTH LAKE COUNTY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to COMMUNITY FOUNDATION OF SOUTH LAKE COUNTY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COMMUNITY FOUNDATION OF SOUTH LAKE COUNTY 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 COMMUNITY FOUNDATION OF SOUTH LAKE COUNTY INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COMMUNITY FOUNDATION OF SOUTH LAKE COUNTY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of COMMUNITY FOUNDATION OF SOUTH LAKE COUNTY INC?
- The 990 for the year ended September 30, 2025 names Laura Michalski.
- Who are the officers and directors of COMMUNITY FOUNDATION OF SOUTH LAKE COUNTY INC?
- The 990 for the year ended September 30, 2025 lists 14 people; 0 received compensation from the organization.
- How much revenue does COMMUNITY FOUNDATION OF SOUTH LAKE COUNTY INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $2,450,471, expenses of $2,100,198 and total assets of $20,049,212 at year end.
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