Civic Intelligence

Lake-Sumter State College Foundation Inc

EIN 59-1990323 • 501(c)3 • Leesburg, FL

Profile

The Lake-Sumter State College Foundation Inc is a direct support organization. its mission is to provide excellence in education, service to the community, and financial assistance to qualified students.

9501 US Hwy 441Leesburg, FL 34788

www.lssc.edu/foundation

Siviq Scores

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

Liabilities / Assets

28th percentile

0.06x

Higher debt load relative to assets than 28% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

57th percentile

0.36x

Higher debt load relative to revenue than 57% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

91st percentile

55%

Higher net margin than 91% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

72nd percentile

13%

Faster asset growth than 72% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

83rd percentile

35%

Faster revenue growth than 83% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$34,929,156

Up $4,076,770 (+13%) from 2023

Liabilities

Down

$1,988,810

Down $602,666 (-23%) from 2023

Net Assets

Up

$32,940,346

Up $4,679,436 (+17%) from 2023

Revenue

Up

$5,518,258

Up $1,445,011 (+35%) from 2023

Expenses

Up

$2,492,102

Up $80,184 (+3.3%) from 2023

Net Income

Up

$3,026,156

Up $1,364,827 (+82%) from 2023

Trend Graphs

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2010: $11,977,103Liabilities 2010: $656,835Net Assets 2010: $11,320,2682010Assets 2011: $12,649,359Liabilities 2011: $692,907Net Assets 2011: $11,956,4522011Assets 2012: $13,799,446Liabilities 2012: $880,523Net Assets 2012: $12,918,9232012Assets 2013: $15,861,769Liabilities 2013: $894,474Net Assets 2013: $14,967,2952013Assets 2014: $16,922,632Liabilities 2014: $815,857Net Assets 2014: $16,106,7752014Assets 2015: $16,061,515Liabilities 2015: $217,901Net Assets 2015: $15,843,6142015Assets 2016: $16,671,096Liabilities 2016: $272,602Net Assets 2016: $16,398,4942016Assets 2017: $20,798,404Liabilities 2017: $1,238,568Net Assets 2017: $19,559,8362017Assets 2018: $19,295,067Liabilities 2018: $1,791,690Net Assets 2018: $17,503,3772018Assets 2019: $22,362,126Liabilities 2019: $1,295,021Net Assets 2019: $21,067,1052019Assets 2020: $25,555,929Liabilities 2020: $1,471,509Net Assets 2020: $24,084,4202020Assets 2021: $29,003,418Liabilities 2021: $1,590,016Net Assets 2021: $27,413,4022021Assets 2022: $25,955,910Liabilities 2022: $1,437,863Net Assets 2022: $24,518,0472022Assets 2023: $30,852,386Liabilities 2023: $2,591,476Net Assets 2023: $28,260,9102023Assets 2024: $34,929,156Liabilities 2024: $1,988,810Net Assets 2024: $32,940,3462024

Highlighted filing

2024

Assets$34,929,156
Liabilities$1,988,810
Net Assets$32,940,346

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $2,292,8452010Expenses 2011: $887,9992011Expenses 2012: $1,002,1082012Revenue 2013: $2,123,253Expenses 2013: $1,492,957Net Income 2013: $630,2962013Revenue 2014: $2,549,682Expenses 2014: $1,332,903Net Income 2014: $1,216,7792014Revenue 2015: $2,092,033Expenses 2015: $1,820,563Net Income 2015: $271,4702015Revenue 2016: $1,601,189Expenses 2016: $1,363,214Net Income 2016: $237,9752016Revenue 2017: $2,729,602Expenses 2017: $809,888Net Income 2017: $1,919,7142017Revenue 2018: $1,948,455Expenses 2018: $2,285,914Net Income 2018: -$337,4592018Revenue 2019: $2,163,206Expenses 2019: $1,258,091Net Income 2019: $905,1152019Revenue 2020: $2,695,048Expenses 2020: $1,295,926Net Income 2020: $1,399,1222020Revenue 2021: $3,590,083Expenses 2021: $1,480,998Net Income 2021: $2,109,0852021Revenue 2022: $3,506,837Expenses 2022: $1,916,573Net Income 2022: $1,590,2642022Revenue 2023: $4,073,247Expenses 2023: $2,411,918Net Income 2023: $1,661,3292023Revenue 2024: $5,518,258Expenses 2024: $2,492,102Net Income 2024: $3,026,1562024

Highlighted filing

2024

Revenue$5,518,258
Expenses$2,492,102
Net Income$3,026,156

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$34.9$1.99$32.9$5.52$2.49$3.03
2023Detailed filing. Detailed filing data is available for this year.$30.9$2.59$28.3$4.07$2.41$1.66
2022Detailed filing. Detailed filing data is available for this year.$26.0$1.44$24.5$3.51$1.92$1.59
2021Detailed filing. Detailed filing data is available for this year.$29.0$1.59$27.4$3.59$1.48$2.11
2020Detailed filing. Detailed filing data is available for this year.$25.6$1.47$24.1$2.70$1.30$1.40
2019Detailed filing. Detailed filing data is available for this year.$22.4$1.30$21.1$2.16$1.26$0.91
2018Detailed filing. Detailed filing data is available for this year.$19.3$1.79$17.5$1.95$2.29$0.34
2017Detailed filing. Detailed filing data is available for this year.$20.8$1.24$19.6$2.73$0.81$1.92
2016Detailed filing. Detailed filing data is available for this year.$16.7$0.27$16.4$1.60$1.36$0.24
2015Detailed filing. Detailed filing data is available for this year.$16.1$0.22$15.8$2.09$1.82$0.27
2014Detailed filing. Detailed filing data is available for this year.$16.9$0.82$16.1$2.55$1.33$1.22
2013Detailed filing. Detailed filing data is available for this year.$15.9$0.89$15.0$2.12$1.49$0.63
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.8$0.88$12.9$1.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.6$0.69$12.0$0.89
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.0$0.66$11.3$2.29
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 8, 2025
Return Version
2024v5.2
Gross Receipts
$25,126,982
Mission and Program Overview

Mission

The lake-sumter state college foundation, inc. Is a direct support organization whose mission is to provide excellence in education, service to the community, and financial assistance to qualified students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$26,669,021$29,932,173▲ $3,263,152
Rtn Earn Endowment Incm Other Fnds$25,084,825$29,129,753▲ $4,044,928
Savings and Temporary Cash Investments$3,048,577$3,870,177▲ $821,600
Cap Stk Tr Prin Current Funds$3,162,185$3,796,693▲ $634,508
Pledges and Grants Receivable$31,522$43,165▲ $11,643
Land, Buildings, and Equipment, Net$13,900$13,900→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$13,900$13,900→ $0
Total Assets$30,852,386$34,929,156▲ $4,076,770
Other Assets Total$1,089,366$1,069,741▼ $19,625
Liabilities
Deferred Revenue$2,224,575$1,737,325▼ $487,250
Accounts Payable and Accrued Expenses$366,901$251,485▼ $115,416
Total Liabilities$2,591,476$1,988,810▼ $602,666
Net Assets / Fund Balance
Total Net Assets Fund Balance$28,260,910$32,940,346▲ $4,679,436
Total Liabilities and Net Assets / Fund Balance$30,852,386$34,929,156▲ $4,076,770

Asset Categories

AssetBook ValueDepreciationBasis
Land$13,900-$13,900

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$25,098,725$2,069,661▲ $4,169,084$154,501$29,129,753
2023$21,820,484$1,968,511▲ $3,585,599$184,989$25,098,725
2022$25,152,602$2,249,652▼ $3,062,691$223,631$22,559,126
2021$22,399,247$1,237,811▲ $3,091,563$426,484$25,152,602
2020$19,674,010$1,231,113▲ $2,731,664$245,263$22,399,247
Compensation and Service Providers

Employees

NameTitleOtherTotal
Christopher LeibnerFaculty Liaison Thru 8/21/24$109,001$109,001
Sybil BrownFaculty Liaison From 8/13/24$86,501$86,501

Board Members and Trustees

NameTitle
Michelle MichnoffPresident
Josh GonzalesPresident - Elect
Leslie RotariusVice President
Alise MorrisBoard Member
Angie LangleyBoard Member
Carl SpecciBoard Member
Daniel WhitehouseBoard Member
Grant GannawayBoard Member
Jeff PowellBoard Member
Jenna EmersonBoard Member
Jennifer MendezBoard Member
Jessica WhitehouseBoard Member
Kimberly LargeyBoard Member
Lori DavisBoard Member
Megan RobinsonBoard Member
Shahanaz RahamanBoard Member
Shayna GrunewaldBoard Member
Sheri OlsonBoard Member
Dr Laura ByrdInterim Lssc Pres /exec Director/sec
David HidalgoTrustee Liaison
Dr Heather BigardLssc Pres Thru 8/30/24
Sarah UhrikTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,018,323
Program Service Revenue
$0
Investment Income
$3,279,509
Other Revenue
$220,426
All Other Contributions
$1,957,257
Change in Net Assets
$3,026,156

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,446,198
Revenue Not Reported on Financial Statements
$72,060
Revenue Not Reported on Form 990
$2,193,163
Other Revenue Adjustments
$-144,010
Total Revenue per Audited Statements
$7,639,361
Total Revenue per Form 990
$5,518,258
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,069,311
Other Expenses$422,791
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$1,395,441--$1,395,441
Grants to Domestic Orgs$673,870--$673,870
Fees for Service Investment Mgmnt Fees-$216,070-$216,070
Fees for Services Other-$75,707-$75,707
Fees for Services Lobbying-$30,000-$30,000
Office Expenses-$27,087-$27,087
Other Expenses-$5,831-$5,831
Insurance-$1,888-$1,888
Advertising-$1,508-$1,508
Conferences and Meetings-$1,443-$1,443
All Other Expenses-$1,324-$1,324
Travel-$115-$115
Total Functional Expenses$2,069,311$422,791$0$2,492,102

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,959,925
Total Expenses per Form 990$2,492,102
Expenses per Audited Statements$2,420,042
Expenses Not Reported on Form 990$539,883
Expenses Not Reported on Financial Statements$72,060
Other Expense Adjustments$-144,010
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Lake Sumter State CollegeLeesburg, FLGovProgram Support$673,870
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$364,436
Fundraising Direct Expenses$144,010
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$261,003$258,562$53,354$205,208
Golf Tournament$82,000$78,600$24,241$54,359
Total Events$425,502$364,436$144,010$220,426
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Daniel and jessica whitehouse have a family relationship.

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

Organization's process to review form 990 staff and board review form 990 draft, and any changes required are discussed with cpa prior to filing of form 990. Any anonymous donor is listed as such on schedule b only for board review.

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

Board reviews potential conflicts of interest on an annual basis.

Form 990, Part VI, Section B, Line 15

The foundation's executive director is an employee of lake-sumter state college (lssc). All salaries, benefits and payroll taxes are paid through lssc and the foundation is not expected to reimburse lssc for such donated operating support. Salaries paid by lssc are assigned by pay grades that are averaged through the industry and competitive in the central florida area. All salaries are approved by the lssc board of trustees. The foundation staff members are employees of lake-sumter state college (lssc). All salaries, benefits and payroll taxes are paid through lssc and the foundation is not expected to reimburse lssc for such donated operating support. Salaries paid by lssc are assigned by pay grades that are averaged through the industry and competitive in the central florida area. All salaries are approved by the lssc board of trustees.

Form 990, Part VI, Section C, Line 19

Governing documents, policies, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Lake-sumter State College
EIN
59-1990323
Phone
3523653518
Address
9501 US HWY 441, LEESBURG, FL 34788

Signing Officer

Name
Michelle Michnoff
Title
President
Phone
3523653518
Signed
2025-10-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michelle Michnoff
Formed
1980
Legal Domicile
Fl
Voting Board Members
21
Independent Board Members
20
Employees
0
Volunteers
272

Preparer

Firm
Purvis Gray & Company Llp
Address
2347 SE 17TH ST, OCALA, FL 34471
Preparer
Timothy Westgate CPA
Phone
3527323872
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The internal revenue service has recognized lake-sumter state college foundation, inc. As a tax-exempt organization under section 501(c)(3) of the internal revenue code. Accordingly, income earned in furtherance of the foundations tax-exempt purpose is exempt from federal and state income taxes and, therefore, these financial statements include no provision or liability for income taxes. As of december 31, 2024, the foundation had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. Generally, the irs may review the returns for the past three years.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

ROUNDING 1.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Fundraising expense -144,010.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

ROUNDING 1.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Fundraising expense -144,010.

Part V, Line 4 - Intended Uses for Endowment Funds

Restricted nonexpendable - representing the principal portion of endowment funds that are subject to donor, grantor, or other outside party restrictions as to use for the benefit of various programs at the college. Earnings on endowment funds are included in expendable funds for expenditure. Restricted expendable - representing funds that are subject to donor, grantor, or other outside party restrictions as to use for the benefit of various programs at the college, including the unspent earnings of endowment funds.

Raw XML AppendixShowing 400 of 742 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/ActivityOrMissionDesc0THE LAKE-SUMTER STATE COLLEGE FOUNDATION, INC. IS A DIRECT SUPPORT ORGANIZATION WHOSE MISSION IS TO PROVIDE EXCELLENCE IN EDUCATION, SERVICE TO THE COMMUNITY, AND FINANCIAL ASSISTANCE TO QUALIFIED STUDENTS.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt714079
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt169286
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt210
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt220
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2384875
IRS990/Form990PartVIISectionAGrp/PersonNm0DR HEATHER BIGARD
IRS990/Form990PartVIISectionAGrp/PersonNm1LORI DAVIS
IRS990/Form990PartVIISectionAGrp/PersonNm2GRANT GANNAWAY
IRS990/Form990PartVIISectionAGrp/PersonNm3JOSH GONZALES
IRS990/Form990PartVIISectionAGrp/PersonNm4SHAYNA GRUNEWALD
IRS990/Form990PartVIISectionAGrp/PersonNm5ANGIE LANGLEY
IRS990/Form990PartVIISectionAGrp/PersonNm6KIMBERLY LARGEY
IRS990/Form990PartVIISectionAGrp/PersonNm7CHRISTOPHER LEIBNER
IRS990/Form990PartVIISectionAGrp/PersonNm8JENNIFER MENDEZ
IRS990/Form990PartVIISectionAGrp/PersonNm9MICHELLE MICHNOFF
IRS990/Form990PartVIISectionAGrp/PersonNm10SHERI OLSON
IRS990/Form990PartVIISectionAGrp/PersonNm11SHAHANAZ RAHAMAN
IRS990/Form990PartVIISectionAGrp/PersonNm12LESLIE ROTARIUS
IRS990/Form990PartVIISectionAGrp/PersonNm13CARL SPECCI
IRS990/Form990PartVIISectionAGrp/PersonNm14SARAH UHRIK
IRS990/Form990PartVIISectionAGrp/PersonNm15DANIEL WHITEHOUSE
IRS990/Form990PartVIISectionAGrp/PersonNm16SYBIL BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm17ALISE MORRIS
IRS990/Form990PartVIISectionAGrp/PersonNm18JEFF POWELL
IRS990/Form990PartVIISectionAGrp/PersonNm19MEGAN ROBINSON
IRS990/Form990PartVIISectionAGrp/PersonNm20JESSICA WHITEHOUSE
IRS990/Form990PartVIISectionAGrp/PersonNm21JENNA EMERSON
IRS990/Form990PartVIISectionAGrp/PersonNm22DAVID HIDALGO
IRS990/Form990PartVIISectionAGrp/PersonNm23DR LAURA BYRD
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
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
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0361012
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt794922
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/ReportableCompFromRltdOrgAmt1677215
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt23198842
IRS990/Form990PartVIISectionAGrp/TitleTxt0LSSC PRES THRU 8/30/24
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT - ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7FACULTY LIAISON THRU 8/21/24
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16FACULTY LIAISON FROM 8/13/24
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22TRUSTEE LIAISON
IRS990/Form990PartVIISectionAGrp/TitleTxt23INTERIM LSSC PRES /EXEC DIRECTOR/SEC
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01980
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt061066
IRS990/FundraisingDirectExpensesAmt0144010
IRS990/FundraisingGrossIncomeAmt0364436
IRS990/GainOrLossGrp/SecuritiesAmt02528815
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt021
IRS990/GrantAmt02069311
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt01395441
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt01395441
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0673870
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0673870
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt021993529
IRS990/GrossReceiptsAmt025126982
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt020
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01888
IRS990/InsuranceGrp/TotalAmt01888
IRS990/InvestmentIncomeGrp/ExclusionAmt0750694
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0750694
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt026669021
IRS990/InvestmentsPubTradedSecGrp/EOYAmt029932173
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt013900
IRS990/LandBldgEquipBasisNetGrp/EOYAmt013900
IRS990/LandBldgEquipCostOrOtherBssAmt013900
IRS990/LegalDomicileStateCd0FL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt019464714
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd01
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE LAKE-SUMTER STATE COLLEGE FOUNDATION, INC. IS A DIRECT SUPPORT ORGANIZATION WHOSE MISSION IS TO PROVIDE EXCELLENCE IN EDUCATION, SERVICE TO THE COMMUNITY, AND FINANCIAL ASSISTANCE TO QUALIFIED STUDENTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt028260910
IRS990/NetAssetsOrFundBalancesEOYAmt032940346
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt02528815
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt02528815
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0220426
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0220426
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt01653280
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt027087
IRS990/OfficeExpensesGrp/TotalAmt027087
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01089366
IRS990/OtherAssetsTotalGrp/EOYAmt01069741
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0SPECIAL EVENT EXPENSES
IRS990/OtherExpensesGrp/Desc1FOOD & FOOD PRODUCTS
IRS990/OtherExpensesGrp/Desc2FUNDRAISING EXPENSE
IRS990/OtherExpensesGrp/Desc3COMMUNITY RELATIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt032478
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt122490
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt26850
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt35831
IRS990/OtherExpensesGrp/TotalAmt032478
IRS990/OtherExpensesGrp/TotalAmt122490
IRS990/OtherExpensesGrp/TotalAmt26850
IRS990/OtherExpensesGrp/TotalAmt35831
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt013900
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt013900
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt031522
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt043165
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MICHELLE MICHNOFF
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02726838
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt02043752
IRS990/PYInvestmentIncomeAmt01189736
IRS990/PYOtherExpensesAmt0368166
IRS990/PYOtherRevenueAmt0156673
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt01661329
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt02411918
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04073247
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt03026156
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt025084825
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt029129753
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03048577
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03870177
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0ADMIN, ADVERTISING, RENT REVENUES $ 1,138 GAMING $ 7,709 FUNDRAISING $ 1,408,939
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10 - OTHER INCOME DETAIL
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02018323
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02726838
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01203700
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01254452
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01158379
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt08361692
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt0539882
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt0481132
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt0364231
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt0417573
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt0393967
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt02196785
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0750694
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0645792
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0532862
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0490192
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0435611
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02855151
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0364436
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0326504
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0336878

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