Civic Intelligence

Lake Michigan College Foundation

990 • Fiscal year 2017 • EIN 38-2714753

Jul 01, 2016 to Jun 30, 2017 • Filed on Feb 14, 2018

Organization ProfileNA
2755 East Napier AvenueBenton Harbor, MI 49022-1899

(616) 927-8100

Siviq Scores

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

Liabilities / Assets

21st percentile

0.03x

Higher debt load relative to assets than 21% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

48th percentile

0.21x

Higher debt load relative to revenue than 48% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

95th percentile

68%

Higher net margin than 95% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

53rd percentile

$181,171

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 7.8% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

80th percentile

17%

Faster asset growth than 80% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

14th percentile

-13%

Faster revenue growth than 14% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets21st percentile

Assets

Up

$18,219,331

Up $2,637,626 (+17%) from 2016

Net Assets

Up

$17,722,692

Up $2,420,259 (+16%) from 2016

Liabilities

Up

$496,639

Up $217,367 (+78%) from 2016

Revenue And Expenses
Liabilities / Revenue48th percentileNet Margin95th percentile

Revenue

Down

$2,324,803

Down $348,159 (-13%) from 2016

Expenses

Down

$735,255

Down $109,865 (-13%) from 2016

Net Income

Down

$1,589,548

Down $238,294 (-13%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth80th percentile

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

$30M$20M$10M$0Assets 2010: $8,076,230Liabilities 2010: $10,817Net Assets 2010: $8,065,4132010Assets 2011: $9,846,230Liabilities 2011: $29,930Net Assets 2011: $9,816,3002011Assets 2012: $9,698,158Liabilities 2012: $2,186,967Net Assets 2012: $7,511,1912012Assets 2013: $8,630,887Liabilities 2013: $24,981Net Assets 2013: $8,605,8882013Assets 2014: $10,222,543Liabilities 2014: $133,160Net Assets 2014: $10,089,3832014Assets 2015: $13,997,739Liabilities 2015: $211,029Net Assets 2015: $13,786,7102015Assets 2016: $15,581,705Liabilities 2016: $279,272Net Assets 2016: $15,302,4332016Assets 2017: $18,219,331Liabilities 2017: $496,639Net Assets 2017: $17,722,6922017Assets 2018: $16,917,792Liabilities 2018: $1,684,460Net Assets 2018: $15,233,3322018Assets 2019: $18,292,937Liabilities 2019: $1,447,734Net Assets 2019: $16,845,2032019Assets 2020: $15,449,105Liabilities 2020: $1,732,333Net Assets 2020: $13,716,7722020Assets 2021: $17,327,351Liabilities 2021: $496,140Net Assets 2021: $16,831,2112021Assets 2022: $15,632,753Liabilities 2022: $1,313,463Net Assets 2022: $14,319,2902022Assets 2023: $15,916,522Liabilities 2023: $943,642Net Assets 2023: $14,972,8802023Assets 2024: $20,464,360Liabilities 2024: $1,245,375Net Assets 2024: $19,218,9852024Assets 2025: $22,084,437Liabilities 2025: $1,085,743Net Assets 2025: $20,998,6942025

Highlighted filing

2017

Assets$18,219,331
Liabilities$496,639
Net Assets$17,722,692
Open 2017 Filing

Operations Trend

Revenue Growth14th percentile

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

$10M$5.0M$0-$5.0MExpenses 2010: $805,3262010Expenses 2011: $863,8682011Expenses 2012: $1,016,3932012Revenue 2013: $1,094,219Expenses 2013: $827,701Net Income 2013: $266,5182013Revenue 2014: $1,249,223Expenses 2014: $841,502Net Income 2014: $407,7212014Revenue 2015: $5,122,368Expenses 2015: $1,044,184Net Income 2015: $4,078,1842015Revenue 2016: $2,672,962Expenses 2016: $845,120Net Income 2016: $1,827,8422016Revenue 2017: $2,324,803Expenses 2017: $735,255Net Income 2017: $1,589,5482017Revenue 2018: $1,596,419Expenses 2018: $4,297,364Net Income 2018: -$2,700,9452018Revenue 2019: $2,775,476Expenses 2019: $934,747Net Income 2019: $1,840,7292019Revenue 2020: $1,085,804Expenses 2020: $4,075,717Net Income 2020: -$2,989,9132020Revenue 2021: $1,313,612Expenses 2021: $1,168,526Net Income 2021: $145,0862021Revenue 2022: $2,877,330Expenses 2022: $868,454Net Income 2022: $2,008,8762022Revenue 2023: $1,656,707Expenses 2023: $1,702,782Net Income 2023: -$46,0752023Revenue 2024: $4,935,176Expenses 2024: $1,466,353Net Income 2024: $3,468,8232024Revenue 2025: $2,158,845Expenses 2025: $1,104,903Net Income 2025: $1,053,9422025

Highlighted filing

2017

Revenue$2,324,803
Expenses$735,255
Net Income$1,589,548
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 14, 2018
Return Version
2016v3.0
Gross Receipts
$9,726,002
Mission and Program Overview

Mission

The mission of the lake michigan college foundation is to raise funds in support of lake michigan college and its students. The lake michigan college foundation is the main fund-raising organization of lake michigan college for the solicitation, receipt and management of all private gifts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$13,468,459$10,420,777▼ $3,047,682
Cash and Non-Interest-Bearing Accounts$161,375$6,277,765▲ $6,116,390
Pledges and Grants Receivable$1,935,747$1,499,604▼ $436,143
Prepaid Expenses and Deferred Charges$15,994$21,185▲ $5,191
Accounts Receivable$130--
Total Assets$15,581,705$18,219,331▲ $2,637,626
Liabilities
Other Liabilities$266,913$474,780▲ $207,867
Deferred Revenue$12,359$21,859▲ $9,500
Total Liabilities$279,272$496,639▲ $217,367
Net Assets / Fund Balance
Temporarily Rstr Net Assets$12,305,831$14,430,196▲ $2,124,365
Permanently Rstr Net Assets$3,001,371$3,060,901▲ $59,530
Unrestricted Net Assets$-4,769$231,595▲ $236,364
Total Net Assets Fund Balance$15,302,433$17,722,692▲ $2,420,259
Total Liabilities and Net Assets / Fund Balance$15,581,705$18,219,331▲ $2,637,626

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$8,716,816$1,249,094▲ $970,055$298,864$10,637,101
2016$8,879,363$124,277▼ $17,599$269,225$8,716,816
2015$8,925,584$50,341▲ $203,723$300,285$8,879,363
2014$7,557,442$104,941▲ $1,493,485$230,284$8,925,584
2013$6,381,688$138,947▲ $1,302,686$265,879$7,557,442
Compensation and Service Providers
Top Officer Pay53rd percentile

Employees

NameTitleFull / Part TimeOtherTotal
Robert HarrisonDirector-$132,621$132,621
Mary KlemmSecretaryPT$128,007$128,007
Trevor KubatzkeDirector-$54,868$54,868

Board Members and Trustees

NameTitle
Jim MarohnPresident
David SchafferVice President
Alfred ButzbaughDirector
Amy WhiteDirector
Craig EriksonDirector
Deb O'ConnorDirector
Doug SchafferDirector
Gloria EnderDirector
Greg O'NielDirector
James KryzewskiDirector
Jeff CurryDirector
Jim RossDirector
Joan SmithDirector
John BrinkerDirector
John GroverDirector
John JanickDirector
Ken Kozminskidirector
Mary Jo TomasiniDirector
Matt ClayDirector
Michael CarlsonDirector
Mike KnytychDirector
Mike WelchDirector
Patsy HartzellDirector
Randy BettichDirector
Randy ReimersDirector
Rick BlakeDirector
Robert BurchDirector
Scott DienesDirector
Scott GeikDirector
Scott McFarlandDirector
Steven HadawayDirector
Tim PassaroDirector
Kelli HahnTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,146,824
Program Service Revenue
$0
Investment Income
$646,615
Other Revenue
$531,364
All Other Contributions
$991,947
Change in Net Assets
$1,589,548

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded4$279,281Fair Market Value (FMV)
Other Non Cash Contri Table72$27,013donor valued
Food Inventory32$13,666Donor Valued
Other Non Cash Contri Table2$10,001donor valued
Clothing and Household Goods-$5,851Donor Valued
Other Non Cash Contri Table10$1,107donor valued
Works of Art6$805donor valued
Collectibles4$221donor valued
Books and Publications-$200Donor Valued
Total Noncash Contributions130$338,145-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$405,079
Other Expenses$330,176
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$405,079--$405,079
Office Expenses-$9,544-$9,544
Fees for Services Other-$8,880-$8,880
All Other Expenses-$7,732-$7,732
Other Expenses-$4,173-$4,173
Travel-$3,860-$3,860
Insurance-$3,028-$3,028
Conferences and Meetings-$2,000-$2,000
Fees for Services Accounting-$1,625-$1,625
Total Functional Expenses$405,079$330,176$0$735,255
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Lake Michigan CollegeBenton Harbor, MI501(c)(3)Support of the College$388,189
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$187,733
Fundraising Gross Income$178,985
Gaming Gross Income$29,900
Gaming Direct Expenses$11,700
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$304,455$164,510$129,122$35,388
Golf Outing$29,407$14,475$13,243$1,232
Total Events$333,862$178,985$187,733$-8,748
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to other funds$474,780
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
Other officer compensation reviewed
No
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 A, line 2

“Directors David Schaffer and Doug Schaffer are brothers. Directors Amy White and Bob Burch are both employees of Chemical Bank. Directors Mike Welch and Ken Kozminski both serve on the advisory board of the local Chemical Bank. Chemical Bank is the investment manager.”

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

“The Form 990 will be sent to all board members via email for review and comment.”

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

“Trustees, Directors, Officers, and Key Employees are required to complete a conflict of interest disclosure form annually. The organization monitors activities and if a question of conflict arises, the organization has a discussion with the person of interest to determine if there is a conflict and what appropriate actions should be taken.”

Form 990, Part VI, Section C, line 19

“Documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Lake Michigan College Foundation
EIN
38-2714753
Phone
6169278100
Address
2755 East Napier Avenue, Benton Harbor, MI 49022-1899

Signing Officer

Name
Kelli Hahn
Title
Treasurer
Phone
6169278100
Signed
2018-02-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kelli Hahn
Formed
1986
Legal Domicile
Mi
Voting Board Members
34
Independent Board Members
31
Employees
0
Volunteers
35

Preparer

Firm
Rehmann Robson LLC
Address
2330 East Paris Ave SE, Grand Rapids, MI 49546
Preparer
Kerry J Nelson CPA
Phone
6169754100
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“Transfers from College General fund 257,196.”

Form 990, Part XI, Line 2C

“The process of the committee that assumes responsibility for oversight of the audit and selection of the independent accountant did not change. Selection of the independent accountant falls under the procurement policy and an rfp is sent out every three years.”

Financial Statement Notes

Part X, Line 2:

“The Foundation has evaluated its filing positions in federal and state jurisdictions where required to file income tax returns and all open tax years in these jurisdictions to consider whether it has engaged in activities that jeopardize current tax exempt status with the IRS. Furthermore, an organization must determine if it has any unrelated business income that may be subject to income taxes. The evaluation was performed for tax years 2013 through 2017, the years that remain subject to examination by major tax jurisdictions as of June 30, 2017. The Foundation concluded that there are no significant uncertain tax positions requiring recognition in these financial statements. The Foundation does not expect the amount of unrecognized tax benefits (e.g., tax deductions, exclusions, credits claimed or expected to be claimed) to significantly change in the next twelve months. The Foundation does not have any amounts accrued for interest or penalties related to unrecognized tax benefits at June 30, 2017 and 2016, and is not aware of any claims for such amounts by federal or state income tax authorities. The Foundation has elected to treat interest and penalties attributable to income taxes and to reflect charges for such, when applicable, as a component of operating expenses.”

Raw XML AppendixShowing 400 of 821 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/OtherCompensationAmt240
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt250
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IRS990/Form990PartVIISectionAGrp/PersonNm0Randy Bettich
IRS990/Form990PartVIISectionAGrp/PersonNm1Jim Marohn
IRS990/Form990PartVIISectionAGrp/PersonNm2Scott McFarland
IRS990/Form990PartVIISectionAGrp/PersonNm3Deb O'Connor
IRS990/Form990PartVIISectionAGrp/PersonNm4Greg O'Niel
IRS990/Form990PartVIISectionAGrp/PersonNm5Tim Passaro
IRS990/Form990PartVIISectionAGrp/PersonNm6Randy Reimers
IRS990/Form990PartVIISectionAGrp/PersonNm7Trevor Kubatzke
IRS990/Form990PartVIISectionAGrp/PersonNm8Jim Ross
IRS990/Form990PartVIISectionAGrp/PersonNm9Doug Schaffer
IRS990/Form990PartVIISectionAGrp/PersonNm10Joan Smith
IRS990/Form990PartVIISectionAGrp/PersonNm11Mary Jo Tomasini
IRS990/Form990PartVIISectionAGrp/PersonNm12Mike Welch
IRS990/Form990PartVIISectionAGrp/PersonNm13Amy White
IRS990/Form990PartVIISectionAGrp/PersonNm14David Schaffer
IRS990/Form990PartVIISectionAGrp/PersonNm15James Kryzewski
IRS990/Form990PartVIISectionAGrp/PersonNm16Mike Knytych
IRS990/Form990PartVIISectionAGrp/PersonNm17John Janick
IRS990/Form990PartVIISectionAGrp/PersonNm18Rick Blake
IRS990/Form990PartVIISectionAGrp/PersonNm19John Brinker
IRS990/Form990PartVIISectionAGrp/PersonNm20Robert Burch
IRS990/Form990PartVIISectionAGrp/PersonNm21Alfred Butzbaugh
IRS990/Form990PartVIISectionAGrp/PersonNm22Michael Carlson
IRS990/Form990PartVIISectionAGrp/PersonNm23Matt Clay
IRS990/Form990PartVIISectionAGrp/PersonNm24Jeff Curry
IRS990/Form990PartVIISectionAGrp/PersonNm25Scott Dienes
IRS990/Form990PartVIISectionAGrp/PersonNm26Gloria Ender
IRS990/Form990PartVIISectionAGrp/PersonNm27Craig Erikson
IRS990/Form990PartVIISectionAGrp/PersonNm28Scott Geik
IRS990/Form990PartVIISectionAGrp/PersonNm29John Grover
IRS990/Form990PartVIISectionAGrp/PersonNm30Steven Hadaway
IRS990/Form990PartVIISectionAGrp/PersonNm31Kelli Hahn
IRS990/Form990PartVIISectionAGrp/PersonNm32Patsy Hartzell
IRS990/Form990PartVIISectionAGrp/PersonNm33Robert Harrison
IRS990/Form990PartVIISectionAGrp/PersonNm34Ken Kozminski
IRS990/Form990PartVIISectionAGrp/PersonNm35Mary Klemm
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt290
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt310
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt320
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt330
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt340
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt350
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt745278
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt9104780
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt290
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt300
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt320
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt340
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
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/TitleTxt14Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director
IRS990/Form990PartVIISectionAGrp/TitleTxt21Director
IRS990/Form990PartVIISectionAGrp/TitleTxt22Director
IRS990/Form990PartVIISectionAGrp/TitleTxt23Director
IRS990/Form990PartVIISectionAGrp/TitleTxt24Director
IRS990/Form990PartVIISectionAGrp/TitleTxt25Director
IRS990/Form990PartVIISectionAGrp/TitleTxt26Director
IRS990/Form990PartVIISectionAGrp/TitleTxt27Director
IRS990/Form990PartVIISectionAGrp/TitleTxt28Director
IRS990/Form990PartVIISectionAGrp/TitleTxt29Director
IRS990/Form990PartVIISectionAGrp/TitleTxt30Director
IRS990/Form990PartVIISectionAGrp/TitleTxt31Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt32Director
IRS990/Form990PartVIISectionAGrp/TitleTxt33Director
IRS990/Form990PartVIISectionAGrp/TitleTxt34director
IRS990/Form990PartVIISectionAGrp/TitleTxt35Secretary
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01986
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0154877
IRS990/FundraisingDirectExpensesAmt0187733
IRS990/FundraisingGrossIncomeAmt0178985
IRS990/GainOrLossGrp/SecuritiesAmt0431809
IRS990/GamingActivitiesInd01
IRS990/GamingDirectExpensesAmt011700
IRS990/GamingGrossIncomeAmt029900
IRS990/GoverningBodyVotingMembersCnt034
IRS990/GrantAmt0405079
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0405079
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0405079
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt07633575
IRS990/GrossReceiptsAmt09726002
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt031
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
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IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF THE LAKE MICHIGAN COLLEGE FOUNDATION IS TO RAISE FUNDS IN SUPPORT OF LAKE MICHIGAN COLLEGE AND ITS STUDENTS. THE LAKE MICHIGAN COLLEGE FOUNDATION IS THE MAIN FUND-RAISING ORGANIZATION OF LAKE MICHIGAN COLLEGE FOR THE SOLICITATION, RECEIPT AND MANAGEMENT OF ALL PRIVATE GIFTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt017722692
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0431809
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0431809
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-8748
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-8748
IRS990/NetIncomeFromGamingGrp/ExclusionAmt018200
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt018200
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0573515
IRS990/NoncashContributionsAmt0338146
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt09544
IRS990/OfficeExpensesGrp/TotalAmt09544
IRS990/OfficerMailingAddressInd00

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$18,219,331
Liabilities
$496,639
Net assets
$17,722,692
Revenue
$2,324,803
Expenses
$735,255
Net income
$1,589,548
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$22.1$1.09$21.0$2.16$1.10$1.05
2024Detailed filing. Detailed filing data is available for this year.$20.5$1.25$19.2$4.94$1.47$3.47
2023Detailed filing. Detailed filing data is available for this year.$15.9$0.94$15.0$1.66$1.70$0.05
2022Detailed filing. Detailed filing data is available for this year.$15.6$1.31$14.3$2.88$0.87$2.01
2021Detailed filing. Detailed filing data is available for this year.$17.3$0.50$16.8$1.31$1.17$0.15
2020Detailed filing. Detailed filing data is available for this year.$15.4$1.73$13.7$1.09$4.08$2.99
2019Detailed filing. Detailed filing data is available for this year.$18.3$1.45$16.8$2.78$0.93$1.84
2018Detailed filing. Detailed filing data is available for this year.$16.9$1.68$15.2$1.60$4.30$2.70
2017Detailed filing. Detailed filing data is available for this year.$18.2$0.50$17.7$2.32$0.74$1.59
2016Detailed filing. Detailed filing data is available for this year.$15.6$0.28$15.3$2.67$0.85$1.83
2015Detailed filing. Detailed filing data is available for this year.$14.0$0.21$13.8$5.12$1.04$4.08
2014Summary only. Only limited summary data is available for this year.$10.2$0.13$10.1$1.25$0.84$0.41
2013Summary only. Only limited summary data is available for this year.$8.63$0.02$8.61$1.09$0.83$0.27
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.70$2.19$7.51$1.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.85$0.03$9.82$0.86
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.08$0.01$8.07$0.81