Civic Intelligence

Central Lakes College Foundation

990 • Fiscal year 2023 • EIN 23-7007111

Jul 01, 2022 to Jun 30, 2023 • Filed on Apr 19, 2024

Organization ProfileWWW.CLCMN.EDU/SCHOLARSHIPS
501 West College DriveBrainerd, MN 56401

(218) 855-8129

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

39th percentile

0.10x

Higher debt load relative to assets than 39% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

67th percentile

0.49x

Higher debt load relative to revenue than 67% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

28th percentile

-3.8%

Higher net margin than 28% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

28th percentile

$122,108

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 4.6% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

53rd percentile

7.0%

Faster asset growth than 53% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

19th percentile

-17%

Faster revenue growth than 19% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets39th percentile

Assets

Up

$12,795,464

Up $836,965 (+7.0%) from 2022

Net Assets

Up

$11,483,829

Up $920,201 (+8.7%) from 2022

Liabilities

Down

$1,311,635

Down $83,236 (-6.0%) from 2022

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin28th percentile

Revenue

Down

$2,652,455

Down $535,987 (-17%) from 2022

Expenses

Up

$2,754,138

Up $837,408 (+44%) from 2022

Net Income

Down

-$101,683

Down $1,373,395 (-108%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth53rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2011: $5,511,892Liabilities 2011: $2,500Net Assets 2011: $5,509,3922011Assets 2012: $6,091,568Liabilities 2012: $41,681Net Assets 2012: $6,049,8872012Assets 2013: $6,590,488Liabilities 2013: $547Net Assets 2013: $6,589,9412013Assets 2014: $7,424,165Liabilities 2014: $38,365Net Assets 2014: $7,385,8002014Assets 2015: $7,275,312Liabilities 2015: $27,426Net Assets 2015: $7,247,8862015Assets 2016: $7,113,820Liabilities 2016: $2,907Net Assets 2016: $7,110,9132016Assets 2017: $9,984,439Liabilities 2017: $1,741,740Net Assets 2017: $8,242,6992017Assets 2018: $10,623,133Liabilities 2018: $1,667,214Net Assets 2018: $8,955,9192018Assets 2019: $10,804,225Liabilities 2019: $1,569,668Net Assets 2019: $9,234,5572019Assets 2020: $11,027,469Liabilities 2020: $1,548,207Net Assets 2020: $9,479,2622020Assets 2021: $13,221,977Liabilities 2021: $1,470,993Net Assets 2021: $11,750,9842021Assets 2022: $11,958,499Liabilities 2022: $1,394,871Net Assets 2022: $10,563,6282022Assets 2023: $12,795,464Liabilities 2023: $1,311,635Net Assets 2023: $11,483,8292023Assets 2024: $14,403,531Liabilities 2024: $1,497,383Net Assets 2024: $12,906,1482024Assets 2025: $15,698,314Liabilities 2025: $1,192,152Net Assets 2025: $14,506,1622025

Highlighted filing

2023

Assets$12,795,464
Liabilities$1,311,635
Net Assets$11,483,829
Open 2023 Filing

Operations Trend

Revenue Growth19th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $327,8062011Expenses 2012: $412,0342012Expenses 2013: $497,3282013Revenue 2014: $858,282Expenses 2014: $501,891Net Income 2014: $356,3912014Revenue 2015: $603,324Expenses 2015: $739,687Net Income 2015: -$136,3632015Revenue 2016: $611,699Expenses 2016: $522,064Net Income 2016: $89,6352016Revenue 2017: $1,450,898Expenses 2017: $1,189,749Net Income 2017: $261,1492017Revenue 2018: $1,756,539Expenses 2018: $1,569,485Net Income 2018: $187,0542018Revenue 2019: $1,702,454Expenses 2019: $1,648,531Net Income 2019: $53,9232019Revenue 2020: $1,912,333Expenses 2020: $1,792,502Net Income 2020: $119,8312020Revenue 2021: $2,774,706Expenses 2021: $2,086,349Net Income 2021: $688,3572021Revenue 2022: $3,188,442Expenses 2022: $1,916,730Net Income 2022: $1,271,7122022Revenue 2023: $2,652,455Expenses 2023: $2,754,138Net Income 2023: -$101,6832023Revenue 2024: $3,002,200Expenses 2024: $2,596,566Net Income 2024: $405,6342024Revenue 2025: $3,669,250Expenses 2025: $3,011,679Net Income 2025: $657,5712025

Highlighted filing

2023

Revenue$2,652,455
Expenses$2,754,138
Net Income-$101,683
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Apr 19, 2024
Return Version
2022v5.0
Gross Receipts
$13,866,506
Mission and Program Overview

Mission

To promote clc student success by addressing financial barriers to pursuing higher education - through scholarships, strong alumni and donor relationships, affordable student housing, and other appropriate assistance.

The organization provides scholarships and housing to students attending central lakes college.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$8,564,008$9,605,651▲ $1,041,643
Land, Buildings, and Equipment, Net$2,494,331$2,460,511▼ $33,820
Savings and Temporary Cash Investments$753,459$645,480▼ $107,979
Accounts Receivable$19,160$28,809▲ $9,649
Prepaid Expenses and Deferred Charges$14,045$0▼ $14,045
Cash and Non-Interest-Bearing Accounts$67,173$13,965▼ $53,208
Total Assets$11,958,499$12,795,464▲ $836,965
Other Assets Total$46,323$41,048▼ $5,275
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,318,841$1,245,535▼ $73,306
Other Liabilities$44,832$39,507▼ $5,325
Accounts Payable and Accrued Expenses$30,158$24,560▼ $5,598
Deferred Revenue$1,040$2,033▲ $993
Total Liabilities$1,394,871$1,311,635▼ $83,236
Net Assets / Fund Balance
Net Assets With Donor Restrictions$9,319,558$10,138,650▲ $819,092
Net Assets Without Donor Restrictions$1,244,070$1,345,179▲ $101,109
Total Net Assets Fund Balance$10,563,628$11,483,829▲ $920,201
Total Liabilities and Net Assets / Fund Balance$11,958,499$12,795,464▲ $836,965

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,073,590$385,544$2,459,134
Land$363,400-$363,400
Equipment$23,521$51,504$75,025

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$8,751,820$117,372▲ $953,484-$9,587,920
2021$10,364,736$252,312▼ $1,497,190-$8,751,820
2020$8,253,403$436,868▲ $1,957,626-$10,364,736
2019$8,066,723$166,749▲ $342,600-$8,253,403
2018$6,924,540$158,187--$7,082,727
Compensation and Service Providers
Top Officer Pay28th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Kate AdornettoExecutive DirectorFT$122,108$122,108

Board Members and Trustees

NameTitle
Nathan HamiltonPast Chair
Jim BensonPresident
Brad ChapulisVice President
Beth GruberDirector
Brad PersonDirector
John OhlinDirector
Katie HeppnerDirector
Matt SundquistDirector
Merrick DresninDirector
Mike BjerknessDirector
Robb KolodziejDirector
Steve WenzelDirector
Val Knudsen Thru 1122Director
Hara CharlierEx-officio
Barbara AndersonSecretary
Lisa WigandTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,117,324
Program Service Revenue
$580,293
Investment Income
$-45,503
Other Revenue
$341
All Other Contributions
$2,117,324
Change in Net Assets
$-101,683

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table32$843,809Fair Market Value
Other Non Cash Contri Table2$158,445Fair Market Value
Other Non Cash Contri Table21$121,398Expert Opinion
Other Non Cash Contri Table20$19,583Fair Market Value
Total Noncash Contributions75$1,143,235-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,654,433
Revenue Not Reported on Financial Statements
$-1,978
Revenue Not Reported on Form 990
$1,134,096
Other Revenue Adjustments
$-24,875
Total Revenue per Audited Statements
$3,788,529
Total Revenue per Form 990
$2,652,455
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,944,667
Other Expenses$466,500
Salaries, Compensation, and Employee Benefits$342,971
Total Fundraising Expense$30,922
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,944,667--$1,944,667
Other Salaries and Wages$143,416$40,928$18,316$202,660
Current Officers, Directors, Trustees, and Key Employees$63,442$57,097$6,344$126,883
Occupancy$109,871--$109,871
Depreciation Depletion$76,044--$76,044
Fees for Services Management$57,878--$57,878
Interest$41,309--$41,309
Fees for Services Accounting$8,446$15,274-$23,720
Fees for Service Investment Mgmnt Fees-$22,897-$22,897
Information Technology$13,309$7,756-$21,065
Insurance$14,739$433-$15,172
Payroll Taxes$8,746$3,166$352$12,264
Advertising$3,169$381$5,910$9,460
Office Expenses$2,770$1,700-$4,470
Travel-$1,731-$1,731
Other Expenses$1,036$150-$1,186
Other Employee Benefits$1,164--$1,164
Total Functional Expenses$2,551,702$171,514$30,922$2,754,138

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,868,328
Total Expenses per Form 990$2,754,138
Expenses per Audited Statements$2,731,241
Expenses Not Reported on Form 990$137,087
Expenses Not Reported on Financial Statements$22,897
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Central Lakes CollegeBrainerd, MN-Assistance to Central Lakes College and Student Scholarships$926,258
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$19,863
Fundraising Direct Expenses$19,842
Fundraising Gross Income$5,353
Gaming Direct Expenses$5,033
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Annuity Payable$39,507
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The treasurer of the organization reviews the form 990 with the finance committee and makes a copy of the form 990 available to the board of directors and to the public upon request”

Form 990, Part VI, Section B, Line 12C

“Monitoring of compliance with the conflict of interest policies is done on an annual basis.”

Form 990, Part VI, Section B, Line 15

“Annual salary adjustments are determined by the state of minnesota whereupon the president of central lakes college is responsible for determining any adjustments to compensation for the executive director and foundation employees per their contracts on a yearly basis. The process described here was last completed in 2023.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governance documents and financial statements available to the public upon request”

Filing and Contact Details

Filer

Filer Name
Central Lakes College Foundation
EIN
23-7007111
Phone
2188558129
Address
501 WEST COLLEGE DRIVE, BRAINERD, MN 56401

Signing Officer

Name
Lisa Wigand
Title
Treasurer
Phone
2188558129
Signed
2024-04-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kate Adornetto
Formed
1968
Legal Domicile
Mn
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
50

Preparer

Firm
Cliftonlarsonallen Llp
Address
818 SECOND STREET SOUTH SUITE 320, WAITE PARK, MN 56387
Preparer
Jason R Neumann CPA
Phone
3202035500
Supplemental Narrative

Financial Statement Notes

PART III, LINE 1A:

“The foundation owns a native-american art collection which was received from a donor with the intent that the collection be displayed in the central lakes college library for educational and cultural purposes. The foundation has approved the collection being "permanently on loan" to central lakes college. The college is responsible for maintaining and displaying the collection in accordance with the donor's desires.”

PART V, LINE 4:

“Investment earnings from endowment funds are used to provide scholarships to students attending central lakes college”

PART X, LINE 2:

“The foundation qualifies as a tax-exempt organization under section 501(c)(3) of the internal revenue code. Therefore, no expense has been recognized for income taxes in the accompanying consolidated financial statements. The foundation is not a private foundation and contributions to the foundation qualify as charitable deductions by the contributor. The foundation files as a tax-exempt organization. Should that status be challenged in future periods, all years since inception would be subject to review by the internal revenue service.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Fundraiser expenses -24,875.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expenses 24,875.”

Raw XML AppendixShowing 400 of 684 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1692555
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01968
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/FundraisingDirectExpensesAmt019842
IRS990/FundraisingGrossIncomeAmt05353
IRS990/GainOrLossGrp/SecuritiesAmt0-338920
IRS990/GamingActivitiesInd01
IRS990/GamingDirectExpensesAmt05033
IRS990/GamingGrossIncomeAmt019863
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GrantAmt01353019
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01944667
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01944667
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt010850256
IRS990/GrossReceiptsAmt013866506
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt07756
IRS990/InformationTechnologyGrp/ProgramServicesAmt013309
IRS990/InformationTechnologyGrp/TotalAmt021065
IRS990/InsuranceGrp/ManagementAndGeneralAmt0433
IRS990/InsuranceGrp/ProgramServicesAmt014739
IRS990/InsuranceGrp/TotalAmt015172
IRS990/InterestGrp/ProgramServicesAmt041309
IRS990/InterestGrp/TotalAmt041309
IRS990/InvestmentIncomeGrp/ExclusionAmt0293417
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0293417
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt08564008
IRS990/InvestmentsPubTradedSecGrp/EOYAmt09605651
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0437048
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02494331
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02460511
IRS990/LandBldgEquipCostOrOtherBssAmt02897559
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt011189176
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ORGANIZATION PROVIDES SCHOLARSHIPS AND HOUSING TO STUDENTS ATTENDING CENTRAL LAKES COLLEGE
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01318841
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01245535
IRS990/NetAssetsOrFundBalancesBOYAmt010563628
IRS990/NetAssetsOrFundBalancesEOYAmt011483829
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-338920
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-338920
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-14489
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-14489
IRS990/NetIncomeFromGamingGrp/ExclusionAmt014830
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt014830
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt01021884
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01244070
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01345179
IRS990/NoncashContributionsAmt01293343
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0109871
IRS990/OccupancyGrp/TotalAmt0109871
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01700
IRS990/OfficeExpensesGrp/ProgramServicesAmt02770
IRS990/OfficeExpensesGrp/TotalAmt04470
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt046323
IRS990/OtherAssetsTotalGrp/EOYAmt041048
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01164
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01164
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2BAD DEBTS
IRS990/OtherExpensesGrp/Desc3LICENSES AND DUES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt020001
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1150
IRS990/OtherExpensesGrp/ProgramServicesAmt039990
IRS990/OtherExpensesGrp/ProgramServicesAmt15059
IRS990/OtherExpensesGrp/ProgramServicesAmt216647
IRS990/OtherExpensesGrp/ProgramServicesAmt31036
IRS990/OtherExpensesGrp/TotalAmt039990
IRS990/OtherExpensesGrp/TotalAmt125060
IRS990/OtherExpensesGrp/TotalAmt216647
IRS990/OtherExpensesGrp/TotalAmt31186
IRS990/OtherLiabilitiesGrp/BOYAmt044832
IRS990/OtherLiabilitiesGrp/EOYAmt039507
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt018316
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt040928
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0143416
IRS990/OtherSalariesAndWagesGrp/TotalAmt0202660
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0352
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03166
IRS990/PayrollTaxesGrp/ProgramServicesAmt08746
IRS990/PayrollTaxesGrp/TotalAmt012264
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt014045
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0KATE ADORNETTO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/BusinessCd3531110
IRS990/ProgramServiceRevenueGrp/Desc0NET RENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1RESERVATION FEES
IRS990/ProgramServiceRevenueGrp/Desc2TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/Desc3LAUNDRY AND VENDING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0533461
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt126750
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt216180
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt33902
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0533461
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt126750
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt216180
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt33902
IRS990/ProgSrvcAccomActy2Grp/Desc0SCHOLARSHIPS GRANTED TO STUDENTS ATTENDING CENTRAL LAKES COLLEGE
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0591648
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0591648
IRS990/ProgSrvcAccomActy3Grp/Desc0STUDENT HOUSING PROVIDED TO STUDENTS ENROLLED AT CENTRAL LAKES COLLEGE
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0444408
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0580293
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01591634
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01081781
IRS990/PYInvestmentIncomeAmt01018434
IRS990/PYOtherExpensesAmt0498567
IRS990/PYOtherRevenueAmt09044
IRS990/PYProgramServiceRevenueAmt0569330
IRS990/PYRevenuesLessExpensesAmt01271712
IRS990/PYSalariesCompEmpBnftPaidAmt0336382
IRS990/PYTotalExpensesAmt01916730
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03188442
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-101683
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0753459
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0645480
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0ANNUAL EVENT - 2018 AMOUNT: $ 20,427. 2019 AMOUNT: $ -15,067. GAMING - 2021 AMOUNT: $ 9,044. 2022 AMOUNT: $ 341.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02117324
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01591634
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01889068
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01205228
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01036310
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt07839564
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0293417
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0345876
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0631876
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0722172
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0666167
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02659508
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0341
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt09044
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0-15067
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt020427
IRS990ScheduleA/OtherIncome170Grp/TotalAmt014745

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,795,464
Liabilities
$1,311,635
Net assets
$11,483,829
Revenue
$2,652,455
Expenses
$2,754,138
Net income
-$101,683
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$15.7$1.19$14.5$3.67$3.01$0.66
2024Detailed filing. Detailed filing data is available for this year.$14.4$1.50$12.9$3.00$2.60$0.41
2023Detailed filing. Detailed filing data is available for this year.$12.8$1.31$11.5$2.65$2.75$0.10
2022Detailed filing. Detailed filing data is available for this year.$12.0$1.39$10.6$3.19$1.92$1.27
2021Detailed filing. Detailed filing data is available for this year.$13.2$1.47$11.8$2.77$2.09$0.69
2020Detailed filing. Detailed filing data is available for this year.$11.0$1.55$9.48$1.91$1.79$0.12
2019Detailed filing. Detailed filing data is available for this year.$10.8$1.57$9.23$1.70$1.65$0.05
2018Detailed filing. Detailed filing data is available for this year.$10.6$1.67$8.96$1.76$1.57$0.19
2017Detailed filing. Detailed filing data is available for this year.$9.98$1.74$8.24$1.45$1.19$0.26
2016Detailed filing. Detailed filing data is available for this year.$7.11$0.00$7.11$0.61$0.52$0.09
2015Detailed filing. Detailed filing data is available for this year.$7.28$0.03$7.25$0.60$0.74$0.14
2014Detailed filing. Detailed filing data is available for this year.$7.42$0.04$7.39$0.86$0.50$0.36
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.59$0.00$6.59$0.50
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.09$0.04$6.05$0.41
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.51$0.00$5.51$0.33