Civic Intelligence

Lake Area Technical Institute Alumni Association

990EZ • Fiscal year 2021 • EIN 46-0381673

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 08, 2021

230 11th Street NE PO Box 730Watertown, SD 57201-0730

(605) 882-5284

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2021

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2021

Net Margin

90th percentile

58%

Higher net margin than 90% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

72nd percentile

30%

Faster asset growth than 72% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

53rd percentile

7.7%

Faster revenue growth than 53% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$340,725

Up $77,707 (+30%) from 2020

Net Assets

Up

$340,725

Up $77,707 (+30%) from 2020

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$87,268

Up $6,235 (+7.7%) from 2020

Expenses

Down

$36,478

Down $13,475 (-27%) from 2020

Net Income

Up

$50,790

Up $19,710 (+63%) from 2020

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $51,980Net Assets 2011: $51,9802011Assets 2012: $50,459Net Assets 2012: $50,4592012Assets 2013: $68,273Net Assets 2013: $68,2732013Assets 2014: $66,352Net Assets 2014: $66,3522014Assets 2015: $81,154Net Assets 2015: $81,1542015Assets 2016: $84,015Net Assets 2016: $84,0152016Assets 2017: $121,475Net Assets 2017: $121,4752017Assets 2018: $184,996Net Assets 2018: $184,9962018Assets 2019: $233,429Net Assets 2019: $233,4292019Assets 2020: $263,018Net Assets 2020: $263,0182020Assets 2021: $340,725Net Assets 2021: $340,7252021Assets 2022: $380,875Net Assets 2022: $380,8752022Assets 2023: $361,114Net Assets 2023: $361,1142023Assets 2024: $393,542Liabilities 2024: $0Net Assets 2024: $393,5422024Assets 2025: $442,555Liabilities 2025: $22,502Net Assets 2025: $420,0532025

Highlighted filing

2021

Assets$340,725
Liabilities-
Net Assets$340,725

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2011: $32,951Expenses 2011: $37,165Net Income 2011: -$4,2142011Revenue 2012: $40,349Expenses 2012: $41,871Net Income 2012: -$1,5222012Revenue 2013: $44,893Expenses 2013: $27,078Net Income 2013: $17,8152013Revenue 2014: $27,297Expenses 2014: $30,944Net Income 2014: -$3,6472014Revenue 2015: $53,896Expenses 2015: $37,528Net Income 2015: $16,3682015Revenue 2016: $44,386Expenses 2016: $41,195Net Income 2016: $3,1912016Revenue 2017: $73,987Expenses 2017: $41,201Net Income 2017: $32,7862017Revenue 2018: $76,039Expenses 2018: $15,288Net Income 2018: $60,7512018Revenue 2019: $83,898Expenses 2019: $37,157Net Income 2019: $46,7412019Revenue 2020: $81,033Expenses 2020: $49,953Net Income 2020: $31,0802020Revenue 2021: $87,268Expenses 2021: $36,478Net Income 2021: $50,7902021Revenue 2022: $79,131Expenses 2022: $15,887Net Income 2022: $63,2442022Revenue 2023: $86,436Expenses 2023: $115,248Net Income 2023: -$28,8122023Revenue 2024: $77,147Expenses 2024: $54,730Net Income 2024: $22,4172024Revenue 2025: $103,441Expenses 2025: $90,296Net Income 2025: $13,1452025

Highlighted filing

2021

Revenue$87,268
Expenses$36,478
Net Income$50,790
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 8, 2021
Return Version
2020v4.0
Gross Receipts
$92,879
Mission and Program Overview

Mission

To encourage a spirit of loyalty, fellowship and unity among the students, graduates, faculty, administration, and friends of the lake area technical institute (educational institution) and to direct an organized cooperative effort for the advancement, development, and achievement of lake area technical institute.

To encourage a spirit of loyalty, fellowship and unity among the students, graduates, faculty, administration, and friends of the lake area technical college (educational institution) and to direct an organized cooperative effort for the advancement, development, and achievement of lake area technical college.

Program Services

DescriptionGrantsExpenses
PROVIDE FOR ADVANCEMENT, DEVELOPMENT, AND ACHIEVEMENT OF LAKE AREA TECHNICAL COLLEGE (EDUCATIONAL INSTITUTION), PRIMARILY THROUGH PUBLICATIONS AND SCHOLARSHIPS.$18,504$34,623
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ADAM FISCHBACHPresident-$0--
HEIDI BOOMSMADirector-$0--
SHAWNA CONRADDirector-$0--
JULIE KNEELANDDirector-$0--
MARTY KOISTINENDirector-$0--
DELYLE KRUGERDirector-$0--
RUSS MEUERDirector-$0--
JEN PENDLEYDirector-$0--
TROY ZEBROSKIDirector-$0--
MORGAN JOHNSONDevelopment-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Boulder Memoria$18,161$7,264-$7,264
Total Events$18,161$7,264$5,611$1,653
Filing and Contact Details

Filer

Filer Name
Lake Area Technical College
EIN
46-0381673
Phone
6058825284
Address
230 11TH STREET NE PO BOX 730, WATERTOWN, SD 57201-0730

Signing Officer

Name
Morgan Johnson
Title
Development Officer
Phone
6058825284
Signed
2021-11-08
Discuss with paid preparer
Yes

Preparer

Firm
Vrs Pc
Address
PO BOX 1267, WATERTOWN, SD 57201-6267
Preparer
Rebecca Weber
Phone
6058868425
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10

Name: lake area tech college foundation address: 1201 arrow ave ne watertown, sd 57201 cash contribution: 18,504

Form 990-ez, Part I, Line 16

Expenses marketing 265 office supplies 384 insurance 400 campus improvements 5,000 student emergency fund 3,080 festival of trees 1,500 board of director meeting 204 total 10,833

Form 990-ez, Part I, Line 20

Unrealized gain (loss) 26,917 net unrealized gain (loss) on investments.

Form 990-ez, Part III

To encourage a spirit of loyalty, fellowship and unity among the students, graduates, faculty, administration, and friends of the lake area technical college (educational institution) and to direct an organized cooperative effort for the advancement, development, and achievement of lake area technical college.

Raw XML Appendix190 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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CompensationExplanation/CompensationExplanationGrp/PersonNm2SHAWNA CONRAD
CompensationExplanation/CompensationExplanationGrp/PersonNm3JULIE KNEELAND
CompensationExplanation/CompensationExplanationGrp/PersonNm4MARTY KOISTINEN
CompensationExplanation/CompensationExplanationGrp/PersonNm5DELYLE KRUGER
CompensationExplanation/CompensationExplanationGrp/PersonNm6RUSS MEUER
CompensationExplanation/CompensationExplanationGrp/PersonNm7JEN PENDLEY
CompensationExplanation/CompensationExplanationGrp/PersonNm8TROY ZEBROSKI
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7JEN PENDLEY
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm9MORGAN JOHNSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9DEVELOPMENT
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherChangesInNetAssetsAmt026917
IRS990EZ/OtherExpensesTotalAmt010833
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
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IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO ENCOURAGE A SPIRIT OF LOYALTY, FELLOWSHIP AND UNITY AMONG THE STUDENTS, GRADUATES, FACULTY, ADMINISTRATION, AND FRIENDS OF THE LAKE AREA TECHNICAL COLLEGE (EDUCATIONAL INSTITUTION) AND TO DIRECT AN ORGANIZED COOPERATIVE EFFORT FOR THE ADVANCEMENT, DEVELOPMENT, AND ACHIEVEMENT OF LAKE AREA TECHNICAL COLLEGE.
IRS990EZ/PrintingPublicationsPostageAmt06539
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PROVIDE FOR ADVANCEMENT, DEVELOPMENT, AND ACHIEVEMENT OF LAKE AREA TECHNICAL COLLEGE (EDUCATIONAL INSTITUTION), PRIMARILY THROUGH PUBLICATIONS AND SCHOLARSHIPS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt018504
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IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/TotalExpensesAmt036478
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IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.LAKEAREATECH.EDU
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt080861
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt076505
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt073654
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt080173
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0912
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt05783
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt02927
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01601
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt02055
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt013278
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0293199
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/TotalSupportAmt0409171
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt010897
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt010897
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt05611
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0BOULDER MEMORIA
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt018161
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt07264
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt07264
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt01653
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt05611
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt05611
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NAME: LAKE AREA TECH COLLEGE FOUNDATION ADDRESS: 1201 ARROW AVE NE WATERTOWN, SD 57201 CASH CONTRIBUTION: 18,504
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES MARKETING 265 OFFICE SUPPLIES 384 INSURANCE 400 CAMPUS IMPROVEMENTS 5,000 STUDENT EMERGENCY FUND 3,080 FESTIVAL OF TREES 1,500 BOARD OF DIRECTOR MEETING 204 TOTAL 10,833
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UNREALIZED GAIN (LOSS) 26,917 NET UNREALIZED GAIN (LOSS) ON INVESTMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TO ENCOURAGE A SPIRIT OF LOYALTY, FELLOWSHIP AND UNITY AMONG THE STUDENTS, GRADUATES, FACULTY, ADMINISTRATION, AND FRIENDS OF THE LAKE AREA TECHNICAL COLLEGE (EDUCATIONAL INSTITUTION) AND TO DIRECT AN ORGANIZED COOPERATIVE EFFORT FOR THE ADVANCEMENT, DEVELOPMENT, AND ACHIEVEMENT OF LAKE AREA TECHNICAL COLLEGE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MORGAN JOHNSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DEVELOPMENT OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum06058825284
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAKE AREA TECHNICAL COLLEGE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ALUMNI ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0LAKE
ReturnHeader/Filer/EIN0460381673
ReturnHeader/Filer/PhoneNum06058825284
ReturnHeader/Filer/USAddress/AddressLine1Txt0230 11TH STREET NE PO BOX 730
ReturnHeader/Filer/USAddress/CityNm0WATERTOWN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SD
ReturnHeader/Filer/USAddress/ZIPCd0572010730
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0460414067
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VRS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1267
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WATERTOWN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0572016267
ReturnHeader/PreparerPersonGrp/PhoneNum06058868425
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0REBECCA WEBER
ReturnHeader/ReturnTs02021-11-15T11:51:24-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MORGAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0JOHNSON
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.43$0.23$4.20$1.03$0.90$0.13
2024Detailed filing. Detailed filing data is available for this year.$3.94$0.00$3.94$0.77$0.55$0.22
2023Detailed filing. Detailed filing data is available for this year.$3.61$3.61$0.86$1.15$0.29
2022Detailed filing. Detailed filing data is available for this year.$3.81$3.81$0.79$0.16$0.63
2021Detailed filing. Detailed filing data is available for this year.$3.41$3.41$0.87$0.36$0.51
2020Detailed filing. Detailed filing data is available for this year.$2.63$2.63$0.81$0.50$0.31
2019Detailed filing. Detailed filing data is available for this year.$2.33$2.33$0.84$0.37$0.47
2018Detailed filing. Detailed filing data is available for this year.$1.85$1.85$0.76$0.15$0.61
2017Detailed filing. Detailed filing data is available for this year.$1.21$1.21$0.74$0.41$0.33
2016Detailed filing. Detailed filing data is available for this year.$0.84$0.84$0.44$0.41$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.81$0.81$0.54$0.38$0.16
2014Detailed filing. Detailed filing data is available for this year.$0.66$0.66$0.27$0.31$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.68$0.68$0.45$0.27$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.50$0.40$0.42$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.52$0.33$0.37$0.04