Civic Intelligence

Lake Area Technical College Alumni

EIN 46-0381673 • 501(c)3 • Watertown, SD

Profile

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.

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

www.lakeareatech.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

75th percentile

0.05x

Higher debt load relative to assets than 75% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

87th percentile

0.22x

Higher debt load relative to revenue than 87% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Net Margin

67th percentile

13%

Higher net margin than 67% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2025

Asset Growth

70th percentile

12%

Faster asset growth than 70% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

79th percentile

34%

Faster revenue growth than 79% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Assets

Up

$442,555

Up $49,013 (+12%) from 2024

Liabilities

Up

$22,502

Up $22,502 from 2024

Net Assets

Up

$420,053

Up $26,511 (+6.7%) from 2024

Revenue

Up

$103,441

Up $26,294 (+34%) from 2024

Expenses

Up

$90,296

Up $35,566 (+65%) from 2024

Net Income

Down

$13,145

Down $9,272 (-41%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$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

2025

Assets$442,555
Liabilities$22,502
Net Assets$420,053

Operations Trend

Revenue, expenses, and net income by year, with the latest 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

2025

Revenue$103,441
Expenses$90,296
Net Income$13,145

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
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Aug 15, 2025
Return Version
2024v5.2
Gross Receipts
$110,516
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 connect with lake area tech graduates

Program Services

DescriptionGrantsExpenses
PROVIDE FOR ADVANCEMENT, DEVELOPMENT AND ACHIEVEMENT OF LAKE AREA TECHNICAL COLLEGE, PRIMARILY THROUGH PUBLICATIONS AND SCHOLARSHIPS.-$90,296
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JULIE KNEELANDBoard Member-$0--
JUSTIN BERRYBoard Member-$0--
JASON MACKEx-Officio Member-$0--
KEGAN TVEDTEx-Officio Member-$0--
AMY MOYERBoard Member-$0--
CAROL VANDUSENEx-Officio Member-$0--
NASH COLBERGBoard Member-$0--
NICK MOFFENBIERPresident-$0--
KAYLA KIRCHMEIERBoard Member-$0--
CAM COREYVice President-$0--
TRACY BUISKERExecutive Director-$0--
Filing and Contact Details

Filer

Filer Name
Lake Area Technical College Alumni Association
EIN
46-0381673
In Care Of
% TRACY BUISKER
Address
230 11TH STREET NE PO BOX 730, WATERTOWN, SD 57201-0730

Signing Officer

Name
Tracy Buisker
Title
Executive Director
Signed
2025-08-15
Discuss with paid preparer
Yes

Preparer

Firm
Ledgers Inc
Address
PO BOX 1621, WATERTOWN, SD 57201
Preparer
Lisa Boersma CPA
Phone
6058820686
Supplemental Narrative

Additional Explanations

List of grants and similar amounts paid Part I line 10

Activity boulder scholarship grantee lake area tech street 1201 arrow ave city, state, zip watertown, sd 57201amount 10,000

Description of other expenses Part I line 16

Description amountinsurance 265dues 21,824marketing 3,698trust fees 362board of director meetings 654alumni events 10,547recognition 999student relations 1,123

Other changes in net assets or fund balances Part I line 20

Description amountunrealized gain (loss) 12,460prior period adjustment 906

Description of other assets Part II line 24

Category beginning of year end of yearaccounts receivable 0 960accrued interest 0 264

Description of total liabilities Part II line 26

Category beginning of year end of yearaccounts payable 0 22,502

Other program services Part III line 31

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 Appendix198 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ACTIVITY BOULDER SCHOLARSHIP GRANTEE LAKE AREA TECH STREET 1201 ARROW AVE CITY, STATE, ZIP WATERTOWN, SD 57201AMOUNT 10,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION AMOUNTINSURANCE 265DUES 21,824MARKETING 3,698TRUST FEES 362BOARD OF DIRECTOR MEETINGS 654ALUMNI EVENTS 10,547RECOGNITION 999STUDENT RELATIONS 1,123
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION AMOUNTUNREALIZED GAIN (LOSS) 12,460PRIOR PERIOD ADJUSTMENT 906
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CATEGORY BEGINNING OF YEAR END OF YEARACCOUNTS RECEIVABLE 0 960ACCRUED INTEREST 0 264
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CATEGORY BEGINNING OF YEAR END OF YEARACCOUNTS PAYABLE 0 22,502
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TO 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/FormAndLineReferenceDesc0List of grants and similar amounts paid Part I line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other expenses Part I line 16
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Description of other assets Part II line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Description of total liabilities Part II line 26
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ReturnHeader/TaxPeriodEndDt02025-06-30
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