Lakeview College Of Nursing
- Assets
- $24.0m
- Revenue
- $4.4m
- Investments
- $2.1m
- Employees
- 48
- Location
- Danville, IL
- Founding
- 07/1960
- Data as of
- 12/2021
- EIN
- 37-0692975
Organization Overview
Lakeview College Of Nursing is located in Danville, IL. The organization was established in 1960. As of 12/2021, Lakeview College Of Nursing employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakeview College Of Nursing is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Lakeview College Of Nursing generated $4.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $4.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATE INDIVIDUALS IN NURSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE LAKEVIEW COLLEGE OF NURSING IS TO EDUCATE INDIVIDUALS IN NURSING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheila Mingee President | Officer | 40 | $155,227 |
Judd Peck Vice Chair | OfficerTrustee | 1 | $0 |
Susan Stratman Treasurer/secretary | OfficerTrustee | 1 | $0 |
Diane Buss Chair | OfficerTrustee | 1 | $0 |
Angelique Simon Board Member | Trustee | 1 | $0 |
Angie Kotcher Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $448,388 |
| All other contributions, gifts, grants, and similar amounts not included above | $145,813 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $594,201 |
| Total Program Service Revenue | $2,591,274 |
| Investment income | $660,323 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $601,987 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,447,785 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $219,133 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $155,227 |
| Compensation of current officers, directors, key employees. | $155,227 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,729,358 |
| Pension plan accruals and contributions | $167,880 |
| Other employee benefits | $0 |
| Payroll taxes | $144,534 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,423 |
| Fees for services: Accounting | $114,359 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $61,743 |
| Fees for services: Other | $96,400 |
| Advertising and promotion | $67,457 |
| Office expenses | $381,981 |
| Information technology | $5,104 |
| Royalties | $0 |
| Occupancy | $65,011 |
| Travel | $47,110 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $175,308 |
| Insurance | $67,941 |
| All other expenses | $0 |
| Total functional expenses | $3,961,143 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $971,457 |
| Savings and temporary cash investments | $213,460 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,076 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $29,752 |
| Net Land, buildings, and equipment | $2,737,601 |
| Investments—publicly traded securities | $17,962,014 |
| Investments—other securities | $2,108,649 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,035,009 |
| Accounts payable and accrued expenses | $147,434 |
| Grants payable | $0 |
| Deferred revenue | $391,917 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $539,351 |
| Net assets without donor restrictions | $16,766,744 |
| Net assets with donor restrictions | $6,728,914 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $24,035,009 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lakeview College Of Nursing has recieved totaling $98,739.
| Awarding Organization | Amount |
|---|---|
Thomas J Cossey Tr Terre Haute, IN PURPOSE: GENRAL FUNDING | $83,764 |
Charlotte Ann Russell Charitable Trust Hoopeston, IL | | $14,975 |
Endowment Analysis
| Beg. Balance | $6,272,124 |
| Earnings | $355,570 |
| Net Contributions | $101,220 |
| Ending Balance | $6,728,914 |
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|---|---|---|
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Blackburn University Carlinville, IL | $69,417,787 | $20,572,819 |
Heritage Hall Oklahoma City, OK | $29,893,924 | $20,863,460 |
Caney Creek Community Center Pippa Passes, KY | $136,427,755 | $30,649,937 |
Baker College Flint, MI | $33,908,610 | $19,974,450 |
Kentucky Christian University Inc Grayson, KY | $38,563,521 | $22,232,558 |
Youngstown State University Foundation Youngstown, OH | $318,269,128 | $38,933,738 |
Lighthouse Academies Of Arkansas Inc North Little Rock, AR | $582,799 | $18,301,867 |
The Mind Trust Inc Indianapolis, IN | $18,983,816 | $10,830,656 |
Langley School Inc Mclean, VA | $63,128,940 | $18,629,240 |
Michigan State University Foundation East Lansing, MI | $535,425,307 | $55,850,938 |
United States Deputy Sheriffs Association Inc Wichita, KS | $2,971,599 | $19,654,227 |