Lake Lanier Olympic Park Foundation

The Lake Lanier Olympic Park Foundation is a non-profit organization dedicated to supporting the Lake Lanier Olympic Park, a venue built for the 1996 Olympic Rowing and Canoe/Kayak Competitions in Lake Lanier, Georgia[1][3]. The foundation's main objective is to assist the city in operating the park effectively by concentrating on fundraising efforts, especially for capital improvements[3][5].

Purpose and Activities

The foundation's primary purpose is to foster the development of rowing and canoe/kayaking sports on Lake Lanier. It aims to generate financial resources that support the restoration and enhancement of the park's facilities[5]. The park is equipped with features such as an eight-lane rowing course, a 10-lane canoe/kayak course, and a large indoor training facility, making it an optimal location for these water sports[2].

Financial Overview

Financially, the foundation relies heavily on contributions. As per recent filings, contributions constitute nearly 100% of its total revenue[1]. This indicates that the organization is significantly dependent on donations and charitable support for its operations. The foundation has a relatively modest asset base, with total assets valued at approximately $411,397, while liabilities are about $18,331[1].

Governance and Structure

The foundation is managed by a board of directors, who serve without compensation. This includes roles such as chair, treasurer, and secretary[1]. The absence of executive compensation and professional fundraising fees suggests an organizational commitment to keeping operational costs low and focusing resources on its mission.

Projects and Initiatives

The Lake Lanier Olympic Park Foundation is involved in ongoing projects, including a capital campaign aimed at enhancing the park's infrastructure. This includes initiatives like developing walking trails, reflecting the foundation's broader goals of improving amenities for visitors and supporting the local sports community[4].

Importance to the Community

The foundation plays a crucial role in maintaining and upgrading the Olympic Park, which serves not only as a sports venue but also as a recreational site for local residents. With its focus on fostering amateur sports and providing community resources, the Lake Lanier Olympic Park Foundation contributes significantly to the region's outdoor recreation opportunities and economic development.