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Community Development : Housing and Neighborhood Development (Grantmaking/Grants Payable)

East Lake Foundation

Possibility takes place.

three stars

80.94

2606 Alston Drive Atlanta, GA 30317
tel: (404) 373-4351   Web Site
EIN: 58-2204306

Board Leadership
Chris Womack
Chair

CEO
Daniel Shoy, Jr.
President

  Score
(out of 100)
Rating
Overall Score & Rating 80.94 three stars
  Financial 77.62 two stars
  Accountability & Transparency 85.00 three stars
This rating was published 07/01/2020 and includes data from FY2018, the most recent 990 received at that time.

Founded in 1995 on the belief that everyone deserves a chance to succeed, the East Lake Foundation (www.eastlakefoundation.org) collaborates with public and private organizations to provide tools that enable Atlanta's East Lake residents to build a better future through its model for community revitalization.

The East Lake model includes cradle-to-college education at Charles R. Drew Charter School and its early learning partners, mixed-income housing at The Villages of East Lake and community wellness through programs including The First Tee® of East Lake, the East Lake Community Learning Garden and Urban Farm and a partnership with the East Lake YMCA. This approach to building a strong community not only helps break the cycle of poverty, but creates a place where people of all ages and incomes choose to live.

The East Lake Foundation model has become a blueprint for integrated community revitalization programs across the country through Purpose Built Communities.

Founded in 1995 on the belief that everyone deserves a chance to succeed, the East Lake Foundation (www.eastlakefoundation.org) collaborates with public and private organizations to provide tools that enable Atlanta's East Lake residents to build a better future through its model for community revitalization.

The East Lake model includes cradle-to-college education at Charles R. Drew Charter School and its early learning partners, mixed-income housing at The Villages of East Lake and community wellness through programs including The First Tee® of East Lake, the East Lake Community Learning Garden and Urban Farm and a partnership with the East Lake YMCA. This approach to building a strong community not only helps break the cycle of poverty, but creates a place where people of all ages and incomes choose to live.

The East Lake Foundation model has become a blueprint for integrated community revitalization programs across the country through Purpose Built Communities.

Impact Information

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Financial

two stars

77.62

Accountability & Transparency

three stars

85.00

This rating was published 07/01/2020 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
76.7%
  Administrative Expenses 8.5%
  Fundraising Expenses 14.7%
  Fundraising Efficiency $0.23
  Working Capital Ratio (years) 4.87
  Program Expenses Growth -17.9%
  Liabilities to Assets 3.1%
All data for Financial Performance Metrics calculations was provided by East Lake Foundation on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by East Lake Foundation on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
East Lake Foundation (GA) 80.94 three stars
Eastern Market Corporation (MI) 91.59 four stars
WE ACT for Environmental Justice (NY) 96.59 four stars
Citizens Committee for New York City (NY) 93.05 four stars
MidTown Cleveland (OH) 90.17 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $3,637,384
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $815,782
   Related Organizations $0
   Government Grants $0
Total Contributions $4,453,166
   Program Service Revenue $162,853
Total Primary Revenue $4,616,019
   Other Revenue $524,542
TOTAL REVENUE $5,140,561
   
EXPENSES  
   Program Expenses $3,244,056
   Administrative Expenses $717,708
   Fundraising Expenses $1,607,480
TOTAL FUNCTIONAL EXPENSES $5,569,244
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-428,683
   
Net Assets $44,110,048

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Student Support Program $2,291,006 70.6%
Resident and Community Support $544,631 16.8%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-12 07/01/2020 80.94 three stars
2017-12 06/01/2019 83.04 three stars
2016-12 12/01/2018 89.24 three stars
2015-12 07/01/2017 87.25 three stars
2014-12 06/01/2016 86.44 three stars
 
CN 2.0
2013-12 07/01/2015 86.55 three stars
2012-12 04/01/2014 86.55 three stars
2011-12 05/01/2013 85.43 three stars
2010-12 04/01/2012 76.23 two stars
2009-12 09/20/2011 81.81 three stars
 
CN 1.0
2009-12 06/01/2011 82.43 three stars
2008-12 07/01/2010 76.51 two stars
2007-12 05/01/2009 81.63 three stars
2006-12 05/01/2008 86.28 three stars
2005-12 03/01/2007 92.66 four stars
2004-12 05/01/2006 79.67 two stars
2003-12 04/01/2005 71.31 two stars
2002-12 05/01/2004 65.01 one star
2001-12 04/15/2003 88.75 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 58-2204306
Name in IRS Master File EAST LAKE FOUNDATION INC
NTEE Code T30
NTEE Classification Public Foundations
NTEE Type Philanthropy, Voluntarism and Grantmaking Foundations
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (994) Described in section 170(b)1)(a)(vi) of the Code
(297) Community recreational facilities (park, playground, etc)
(296) Community center
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date March, 1996
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
Compensation % of Expenses Paid to Title
$195,115 3.50% Daniel Shoy Jr. President

Highly Rated

Charity Name & State Overall Score Overall Rating
East Lake Foundation (GA) 80.94 three stars
Liberty Hill Foundation (CA) 94.02 four stars
ULI Foundation (DC) 95.47 four stars
Fifth Avenue Committee (NY) 86.48 three stars
Local Initiatives Support Corporation (NY) 90.12 four stars

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Charity Contact Info

East Lake Foundation
2606 Alston Drive
Atlanta, GA 30317
tel: (404) 373-4351
fax: (404) 373-4354
EIN: 58-2204306

Visit Web Site

Board Leadership

Chris Womack
Chair

CEO

Daniel Shoy, Jr.
President

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