Lake Geneva Foundation

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 2/9/2022. To update the information in this column, please email: info@ministrywatch.com


Summary

Lake Geneva Youth Camp & Conference Center and Conference Point Center exist to provide a place set apart for campers and guests to have life-changing experiences. We operate throughout the year serving over 28,000 young people, families and adults annually, supported by a volunteer staff of over 400 dedicated individuals. Our camp programs serve individual families, and our conference centers serve church and church-affiliated ministries.

Our carefully selected and trained staff desire to give campers and guests the time of their lives in a safe, nurturing environment. It is a place surrounded by God's beautiful creation, filled with intense fun, and packed with real life experiences, challenges and relationships that draw people closer to God. Lifelong friendships are developed. New skills areas are learned. Memories that last a lifetime are made. And first and foremost, the deeds and words of Jesus Christ are taught in relevant ways that will impact lives. We strive for excellence in all we do, and endeavor to give the honor and glory to our Lord and Savior Jesus Christ.


Contact information

Mailing address:
Lake Geneva Foundation
W2655 W. South Street
Lake Geneva, WI 53147

Website: lgyc.org

Phone: (262) 248-5500

Email: info@lgyc.org


Organization details

EIN: 390922378

CEO/President: Christiaan Snedeker

Chairman: Gary Meisner

Board size: 0

Founder:

Ruling year: 1951

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 2009


Purpose


Mission statement

The Lake Geneva Foundation operates a youth camp and conference center for the purpose of providing a place where children, young people, adults, and families can come to know about and experience the love of God through its programs and staff.


Statement of faith

We believe the Bible to be the inspired, the only infallible, authoritative Word of God.

We believe that there is one God, eternally existent in three persons: Father, Son and Holy Spirit.

We believe in the deity of our Lord Jesus Christ, in His virgin birth, in His sinless life, in His miracles, in His vicarious and atoning death through His shed blood, in His bodily resurrection, in His ascension to the right hand of the Father, and in His personal return in power and glory.

We believe that for the salvation of lost and sinful people, regeneration by the Holy Spirit is absolutely essential.

We believe in the present ministry of the Holy Spirit by whose indwelling the Christian is enabled to live a godly life.

We believe in the resurrection of both the saved and the lost: they that are saved unto the resurrection of life and they that are lost unto the resurrection of damnation.

We believe in the spiritual unity of believers in our Lord Jesus Christ - Holding the Scriptures as our final authority, Lake Geneva Foundation (LGYC and CPC) believes in a biblical view of sexual purity prior to marriage, faithfulness within the context of marriage, and that marriage is defined as a union between one man and one woman.

Donor confidence score

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Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Camps/Conference Centers

CategoryRatingOverall rankSector rank
Overall efficiency rating41 of 10221 of 26
Fund acquisition rating210 of 10247 of 28
Resource allocation rating26 of 10241 of 28
Asset utilization rating150 of 10227 of 26

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%0%0%0%0%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
3%0%0%0%0%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
48%25%47%34%39%38%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
3%0%0%0%0%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
52%75%53%66%61%62%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%99%99%97%97%97%
Spending ratio Spending ratio =
Total expenses /
Total revenue
100%100%119%97%85%85%
Program output ratio Program output ratio =
Program services /
Total revenue
81%100%117%94%83%83%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
0%0%-19%3%15%15%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
0%0%-26%3%13%15%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
16%1%1%3%3%3%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.340.731.280.700.650.70
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
6.084.223.942.523.184.79
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.023.075.031.772.073.36
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
3.293.445.069.879.004.51
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.300.290.200.100.110.22
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
3.082.771.926.085.152.78
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
12%24%22%16%15%19%
Debt ratio Debt ratio =
Debt /
Total assets
2%13%16%12%12%14%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
270%104%61%119%130%116%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$878,674$937,535$1,724,765$1,391,905$784,445
Receivables, inventories, prepaids$93,437$74,921$134,946$22,006$64,839
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$972,111$1,012,456$1,859,711$1,413,911$849,284
Long-term investments$313,686$219,730$260,674$353,005$349,326
Fixed assets$2,819,604$2,757,774$2,521,699$2,452,203$2,632,229
Other long-term assets$0$0$53,074$279,309$237,037
Total long-term assets$3,133,290$2,977,504$2,835,447$3,084,517$3,218,592
Total assets$4,105,401$3,989,960$4,695,158$4,498,428$4,067,876
 
Liabilities20192018201720162015
Payables and accrued expenses$167,102$124,620$107,648$68,609$135,285
Other current liabilities$115,866$75,626$80,793$88,555$52,938
Total current liabilities$282,968$200,246$188,441$157,164$188,223
Debt$543,160$640,145$563,176$524,320$569,563
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$171,157$31,629$0$0$0
Total long-term liabilities$714,317$671,774$563,176$524,320$569,563
Total liabilities$997,285$872,020$751,617$681,484$757,786
 
Net assets20192018201720162015
Without donor restrictions$2,518,739$2,528,563$2,844,627$2,800,134$2,499,051
With donor restrictions$589,377$589,377$1,098,914$1,016,810$811,039
Net assets$3,108,116$3,117,940$3,943,541$3,816,944$3,310,090
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$742,663$2,032,743$1,154,655$1,353,248$1,277,021
Program service revenue$2,171,573$2,193,614$2,164,463$2,069,998$2,049,053
Membership dues$0$0$0$0$0
Investment income$24,004($7,113)$16,565$7,078$28,155
Other revenue$34,402$70,101$75,543$0$0
Total other revenue$2,229,979$2,256,602$2,256,571$2,077,076$2,077,208
Total revenue$2,972,642$4,289,345$3,411,226$3,430,324$3,354,229
 
Expenses20192018201720162015
Program services$2,970,572$5,022,431$3,216,948$2,851,758$2,778,177
Management and general$15,871$66,813$83,941$75,210$78,373
Fundraising$0$0$0$0$0
Total expenses$2,986,443$5,089,244$3,300,889$2,926,968$2,856,550
 
Change in net assets20192018201720162015
Surplus (deficit)($13,801)($799,899)$110,337$503,356$497,679
Other changes in net assets$0$0$0$0$0
Total change in net assets($13,801)($799,899)$110,337$503,356$497,679

Compensation

NameTitleCompensation
Ross AdamsExecutive Director - Former$104,160

Compensation data as of: 12/31/2019


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 2/9/2022. To update the information below, please email: info@ministrywatch.com


History

Our history is a blending of two great camp legacies. Conference Point Center opened in 1873 and has been ministering to guests for over 139 years. Lake Geneva Youth Camp opened in 1950 with the purpose of sharing God's love to children in an environment away from the distractions of city life. Lake Geneva Conference Center began serving church and church-affiliated groups soon after the camp opened. Over the years, thousands of youth, teens, families and adults have been served through the ministries of LGYC/CC and CPC. 2010 saw a formal partnership between these two ministries under the leadership of Lake Geneva Foundation; joining the camps in a unified mission, vision and purpose.


Program accomplishments


Needs