Lake Arbor Foundation, Inc.

Overview

Lake Arbor Foundation, Inc., with the Employer Identification Number (EIN) 31-1576462, is a nonprofit organization based in Mitchellville, Maryland. The organization is classified under the category of Recreation, Sports, Leisure, Athletics, and Community Recreational Centers, as defined by the National Taxonomy of Exempt Entities (NTEE)[1]. Donations to this organization are tax-deductible[1].

Mission and Programs

The mission of Lake Arbor Foundation, Inc. is to provide innovative, lifelong educational, health, cultural, recreational, and social development programs for children, youth, adults, and seniors in the community[3][5]. These programs include mentoring, summer enrichment camps, tennis and swimming lessons, chess, and youth podcast initiatives, among others[2]. The foundation aims to cater to a diverse range of ages and interests within the Mitchellville area and its surrounding communities[4][5].

Financials

As of the fiscal year ending in December 2021, Lake Arbor Foundation, Inc. reported a revenue of $316,293 and expenses of $306,103, resulting in a net income of $10,190[1]. The organization maintained net assets valued at $888,323 during this period[1]. Contributions constitute a significant portion of the foundation's revenue, accounting for about 70.5% of total income, while program services contribute approximately 29.5%[1].

Governance

The foundation is led by a board of directors comprising representatives from various Homeowners Associations (HOAs), such as Ridgewood, Arbor Park, Newbridge, and Arbor View. Key members include Thelma Strong, Kenneth Futch, Renee Sharp, Donna Dean, Samuel Dean, Michael Richardson, Derrick Coley, Branndon Jackson, Renee Teel, Michael Wilcher, and Djaataa Onanuga[2]. The organization's leadership structure reflects its commitment to community engagement and representation.

Volunteer Opportunities

Lake Arbor Foundation, Inc. offers volunteer opportunities for individuals interested in contributing to its educational and recreational programs[5]. This involvement is crucial for supporting the community's social and developmental needs.