Cedar Lake
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
Cedar Lake meets the 20 Standards for Charity Accountability.
Stated Purpose:
Cedar Lake's mission is to offer highly compassionate, capable care for people with intellectual and developmental disabilities so they may experience a life of abundant possibilities.
Year, State Incorporated:
1970, KY
Cedar Lake is the largest private provider of residential and community-based services for adults with intellectual and developmental disabilities in the state of Kentucky.
For the year ended December 31, 2023, Cedar Lake's program expenses were:
| Program services | $32,091,778 |
| Total Program Expenses | $32,091,778 |
Chief Executive
Rick Davis, Chief Executive Officer
Chair of the Board
Mr. John Nordstrom
Chair's Profession / Business Affiliation
Board Size
13
Paid Staff Size
485
Method(s) Used:
Direct mail appeals, Telephone appeals, Invitations to fund raising events, Print advertisements (newspapers, magazines, etc.), Television, Radio, Grant proposals, Internet, Planned giving arrangements, Appeals via Social Media (Facebook, etc.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Cedar Lake's audited financial statements for the year ended December 31, 2023.
Source of Funds
| Support services revenue | $34,602,412 |
| Total investment return | $3,538,616 |
| Contributions and other support | $820,882 |
| Transportation revenues | $803,833 |
| Special events, net | $342,262 |
| HUD fee revenue | $337,717 |
| Other Lodge revenue | $151,883 |
| Other foundation income (donations) | $2,685 |
| Other maintenance fees | $1,064 |
| Loss on disposal of equipment | $-35,120 |
| Total Income | $40,566,234 |
Programs: 85% Fundraising: 2% Administrative: 13%
| Total Income | $40,566,234 |
| Total expenses: | $37,707,443 |
| Program expenses | $32,091,778 |
| Fundraising expenses | $617,170 |
| Administrative expenses | $4,998,495 |
| Other expenses | $0 |
| Income in Excess of Expenses | $2,858,791 |
| Beginning Net Assets | $42,999,271 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $45,858,062 |
| Total Liabilities | $5,714,175 |
| Total Assets | $51,572,237 |
Ending net assets as reported above include $44,186,047 without donor restrictions and $1,672,015 with donor restrictions.
Total assets as reported above include $8,789,929 in property and equipment, net.
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
RELATED CONTENT
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Meets Standards
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Standards Not Met
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Did Not Disclose
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Review in Progress
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Unable to Verify
Report completed by:
BBB serving Greater Kentucky and South Central Indiana