Lansing Community College Foundation
- Assets
- $17.5m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Lansing, MI
- Founding
- 08/1981
- Data as of
- 06/2022
- EIN
- 38-2372751
Organization Overview
Lansing Community College Foundation is located in Lansing, MI. The organization was established in 1981. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lansing Community College Foundation 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 06/2022, Lansing Community College Foundation generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $903.3k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT TO INSPIRE AND ENABLE THE PURSUIT OF EDUCATION FOR THE BETTERMENT OF ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION: PROVIDE SUPPORT TO LANSING COMMUNITY COLLEGE FOR EDUCATIONAL PURPOSES INCLUDING THE PROMOTION, SPONSORSHIP, AND CARRYING OUT OF EDUCATIONAL, CHARITABLE AND RELATED ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Flowers Chairperson | OfficerTrustee | 1 | $0 |
Kelly Crosser Secretary | OfficerTrustee | 1 | $0 |
Bryanna Benoit Treasurer | OfficerTrustee | 1 | $0 |
Kelli Ellsworth-Etchison Vice Chairperson | OfficerTrustee | 1 | $0 |
Cathy Zell Executive Director | Officer | 40 | $0 |
Ryan Buck Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,407,099 |
| Noncash contributions included in lines 1a–1f | $136,267 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,407,099 |
| Total Program Service Revenue | $0 |
| Investment income | $849,370 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $112,257 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,368,726 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $136,267 |
| Grants and other assistance to domestic individuals. | $543,415 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,209 |
| Fees for services: Accounting | $13,719 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,723 |
| Fees for services: Other | $0 |
| Advertising and promotion | $25,222 |
| Office expenses | $48,040 |
| Information technology | $41,386 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,763 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $843 |
| Total functional expenses | $903,280 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $529,492 |
| Savings and temporary cash investments | $257,343 |
| Pledges and grants receivable | $315,000 |
| Accounts receivable, net | $0 |
| 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 | $23,066 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $16,351,314 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,476,215 |
| Accounts payable and accrued expenses | $19,916 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $19,916 |
| Net assets without donor restrictions | $208,226 |
| Net assets with donor restrictions | $17,248,073 |
| 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 | $17,476,215 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lansing Community College Foundation has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Myer & Lois Franklin Charitable Tr Jackson, MI PURPOSE: SCHORSHIP | $1,500 |
Endowment Analysis
| Beg. Balance | $17,298,264 |
| Earnings | -$2,747,714 |
| Admin Expense | $208,407 |
| Net Contributions | $1,778,697 |
| Other Expense | -$7,696 |
| Grants | $308,231 |
| Ending Balance | $15,820,305 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Muskingum University New Concord, OH | $203,474,900 | $69,143,599 |
Baker College Flint, MI | $33,049,782 | $27,043,165 |
Baker College Flint, MI | $48,464,572 | $25,592,429 |
Baker College Flint, MI | $39,254,865 | $22,321,880 |
Holy Cross College Inc Notre Dame, IN | $53,093,799 | $27,179,393 |
Finlandia University Hancock, MI | $36,184,751 | $18,081,025 |
Christ College Of Nursing Andhealth Sciences Cincinnati, OH | $10,994,626 | $16,669,063 |
Ancilla Domini College Plymouth, IN | $0 | $14,414,276 |
Baker College Flint, MI | $17,958,758 | $9,486,714 |
College Of The Menominee Nation Keshena, WI | $15,783,806 | $11,637,458 |
Lac Courte Oreilles Ojibwe College Hayward, WI | $16,000,980 | $10,229,989 |
The Chatfield Edge St Martin, OH | $13,777,194 | $3,802,569 |