EIN 23-7100515

Lake Land College Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Mattoon
Year formed
1970
Most recent tax filings
2023-06-01
Description
The Lake Land College Foundation helps enhance educational opportunities and services for students, alumni, and citizens of the district through scholarships and charitable purposes. Its major focus is providing student scholarships, and it operates exclusively for the welfare of Lake Land College in Mattoon, IL.
Total revenues
$3,437,842
2023
Total expenses
$2,838,915
2023
Total assets
$17,342,249
2023
Num. employees
0
2023

Program areas at Lake Land College Foundation

The Lake Land College Foundation was organized and operates exclusively for education and charitable purposes designed to promote the welfare of Lake Land College, mattoon, Illinois, and its students. The major thrust of the Foundation is to provide scholarships to Lake Land College students. During the past year, through the generous donations of area individuials, businesses, and organizations, the Foundation awarded $606,020 in scholarships to about 496 deserving students. These scholarships vary in amounts awarded and criteria. First accomplishment for awarding, is based on the donor's wishes and/or guidelines established by the Lake Land College Foundation board of directors. Donors who reach a specified level of lifetime giving are recognized on an annual basis and also have the opportunity to meet their scholarship recipient(s) at an annual reception.donors represent a diverse background from the 4,000 square mile district. Many donors have been dedicated to helping students for more than two decates. They believe in the community College and are committed to ensuring that the region has a trained workforce to meet the needs of local business and industry. Donors are also expanding their support by providing additional resources for the unmet financial needs of the College due to declining state support and a sluggish local property tax base.other Foundation activities include an annual golf outing which raises monies that are used for the operations of the Foundation. Volunteeers and golfers from throughout the district return each year to help plan and support the golf outing.

Who funds Lake Land College Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Chicago Community TrustSupport of Equipment & Technology; Student Recruitment & Outreach; and Student Retention & Professional Development. Support for Compeer Financial Scholarships (2 at $1,250 Each)$27,500
The Fuqua FoundationStudent Scholarships$20,130
AmazonSmile FoundationGeneral Support$436

Personnel at Lake Land College Foundation

NameTitleCompensation
Christi DonsbachExecutive Director$0
Renee HucksteadVice President , Board Development Chair$0
Madge ShootTreasurer$0
Tom WhiteSecretary$0
Rich HartkePresident$0
...and 6 more key personnel

Financials for Lake Land College Foundation

RevenuesFYE 06/2023
Total grants, contributions, etc.$3,100,374
Program services$0
Investment income and dividends$297,791
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$41,748
Net gain from sale of non-inventory assets$-211,277
Net income from fundraising events$-9,206
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$218,412
Total revenues$3,437,842

Form 990s for Lake Land College Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-062023-11-14990View PDF
2022-062022-10-19990View PDF
2021-062021-11-05990View PDF
2020-062021-02-24990View PDF
2019-062020-01-31990View PDF
...and 9 more Form 990s

Organizations like Lake Land College Foundation

OrganizationLocationRevenue
College Foundation at DelhiDelhi, NY$2,505,756
The Korean American Scholarship FoundationTysons Corner, VA$1,380,392
Midlands Technical College FoundationColumbia, SC$4,512,505
Tri-County Technical College FoundationPendleton, SC$5,405,996
Central Pennsylvania College Education FoundationSummerdale, PA$938,415
Ocean County College FoundationToms River, NJ$2,407,473
Neomed FoundationRootstown, OH$5,634,927
Oregon Tech FoundationKlamath Falls, OR$6,429,423
Loudoun Education FoundationAshburn, VA$5,193,618
Palomar College FoundationSan Marcos, CA$12,040,496
Data update history
December 26, 2023
Posted financials
Added Form 990 for fiscal year 2023
December 25, 2023
Updated personnel
Identified 3 new personnel
December 23, 2023
Used new vendors
Identified 1 new vendor, including
September 24, 2023
Received grants
Identified 2 new grant, including a grant for $27,500 from The Chicago Community Trust
July 30, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Grantmaking organizationsSchoolsHeadquarter / parent organizationsCharities
Issues
Education
Characteristics
Fundraising eventsState / local levelProvides scholarshipsFundraising races, competitions, and tournamentsTax deductible donationsNo full-time employees
General information
Address
5001 Lake Land Blvd
Mattoon, IL 61938
County
Coles County, IL
Website URL
lakelandcollege.edu/ 
Phone
(217) 234-5363
IRS details
EIN
23-7100515
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1970
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Central organization
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