Lake Lanier Olympic Park Foundation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
TO PROVIDE ASSISTANCE TO THE CITY IN THE SUCCESSFUL OPERATION OF LAKE LANIER OLYMPIC PARK, PRIMARILY THROUGH FUNDRAISING EFFORTS FOR CAPITAL IMPROVEMENTS AT THE PARK.
- Income
- $254,613
- Spending
- $162,761
- Spent on programs
- 95%
- Reserves
- 13.9 months of spending
- Largest source of income
- donations and private grants, 99%
- Employees
- 0
- Volunteers
- 19
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Strong: 100 out of 100. Higher than 90% of charities in its peer group (recreation and sports, $250k to $1m).
Reserves
35 of 35Spendable reserves would cover 13.9 months of spending.
Debt
20 of 20It owes 1% of what it owns.
Living within its means
15 of 15Income exceeded spending by 36% of income.
Income trend
15 of 15Income rose 1021% on the year before.
Spending floor
15 of 1595% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 98% of charities in its peer group (recreation and sports, $250k to $1m).
Independent board
25 of 2519 of 19 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $145,155 spent. THE FOUNDATION WAS PREVIOUSLY RESPONSIBLE FOR RENOVATIONS TO THE LAKE LANIER OLYMPIC PARK AND MAINTAINING THE PHYSICAL UPKEEP OF THE VENUE PROPERTY AND FACILITIES, INCLUDING ALL BUILDINGS AND GROUNDS CONTAINED IN THE PARK UNTIL THE GPRB TOOK OVER IN JULY 2019. DURING THE YEAR ENDED JUNE 30, 2020, THE FOUNDATION INSTALLED STREET LIGHTS AND COMPLETED ONE MAJOR PROJECT TO IMPROVE THE PARK - AN OLYMPIC RING PLAZA - WHICH PROMINENTLY FEATURES AN OLYMPIC RINGS SCULPTURE IN FRONT OF THE TIMING TOWER. THE SCULPTURE WAS CRAFTED FROM STRUCTURAL STEEL ORIGINALLY USED IN THE SUPPORT BEAMS OF FLOATING GRANDSTANDS ERECTED FOR THE 1996 OLYMPICS. THE LAKE LANIER OLYMPIC PARK CONTINUES TO HOST LOCAL, NATIONAL AND INTERNATIONAL ROWING, SPRINT KAYAK AND CANOE EVENTS, AS WELL AS DRAGON BOAT RACES AND CHAMPIONSHIPS. THE FOUNDATION SUPPORTS THESE COMPETITIVE EVENTS AS WELL AS COMMUNITY EVENTS HELD AT THE VENUE, TYPICALLY BY PROVIDING VOLUNTEERS. THE FOUNDATION WAS PREVIOUSLY RESPONSIBLE FOR RENOVATIONS TO THE LAKE LANIER OLYMPIC PARK AND MAINTAINING THE PHYSICAL UPKEEP OF THE VENUE PROPERTY AND FACILITIES, INCLUDING ALL BUILDINGS AND GROUNDS CONTAINED IN THE PARK UNTIL THE GPRB TOOK OVER IN JULY 2019. DURING THE YEAR ENDED JUNE 30, 2020, THE FOUNDATION INSTALLED STREET LIGHTS AND COMPLETED ONE MAJOR PROJECT TO IMPROVE THE PARK - AN OLYMPIC RING PLAZA - WHICH PROMINENTLY FEATURES AN OLYMPIC RINGS SCULPTURE IN FRONT OF THE TIMING TOWER. THE SCULPTURE WAS CRAFTED FROM STRUCTURAL STEEL ORIGINALLY USED IN THE SUPPORT BEAMS OF FLOATING GRANDSTANDS ERECTED FOR THE 1996 OLYMPICS. THE LAKE LANIER OLYMPIC PARK CONTINUES TO HOST LOCAL, NATIONAL AND INTERNATIONAL ROWING, SPRINT KAYAK AND CANOE EVENTS, AS WELL AS DRAGON BOAT RACES AND CHAMPIONSHIPS. THE FOUNDATION SUPPORTS THESE COMPETITIVE EVENTS AS WELL AS COMMUNITY EVENTS HELD AT THE VENUE, TYPICALLY BY PROVIDING VOLUNTEERS.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Worth knowing.
Status was revoked on November 15, 2010 for not filing returns for three years, and reinstated on March 15, 2015.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since June 2015.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.