Lakeshore Technical College Foundation Inc

Organization Overview

Lakeshore Technical College Foundation Inc is located in Cleveland, WI. The organization was established in 1977. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakeshore Technical College Foundation Inc 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, Lakeshore Technical College Foundation Inc generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.8% each year . All expenses for the organization totaled $639.6k during the year ending 06/2022. While expenses have increased by 5.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE PRIVATE SCHOLARSHIPS AND ASSISTANCE TO STUDENTS FOR EDUCATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SUPPORT OF INSTRUCTIONAL PROGRAMS/SERVICES: THIS PROGRAM IS TO PROVIDE ADDITIONAL SUPPORT TO THE INSTRUCTIONAL PROGRAMS AND/OR SERVICES OF LAKESHORE TECHNICAL COLLEGE, INCLUDING PROJECT GRILL.


STUDENT SCHOLARSHIPS: PROVIDED SCHOLARSHIP SUPPORT TO STUDENTS AT LAKESHORE TECHNICAL COLLEGE TO ENCOURAGE ENROLLMENT AND RETENTION IN ASSOCIATE DEGREE AND TECHNICAL DIPLOMA PROGRAMS AT THE COLLEGE. AWARD DISBURSEMENTS ARE COORDINATED WITH FINANCIAL AID. SCHOLARSHIPS WERE AWARDED TO 585 STUDENTS.


STUDENT SUPPORT: THROUGH BOARD-APPROVED APPROPRIATIONS, MONETARY SUPPORT WAS PROVIDED TO STUDENTS IN AMOUNTS RANGING FROM $25 TO $500 TO DISLOCATED WORKERS AND OTHER STUDENTS WHO HAVE EXHAUSTED OTHER MEANS OF FINANCIAL AID. STUDENT SUPPORT WAS AWARDED TO 80 STUDENTS TO ASSIST WITH UTILITIES, MORTGAGE OR RENT PAYMENTS, VEHICLE REPAIRS, AND OTHER SCHOOL EXPENSES.


PROPERTY DONATIONS TO THE COLLEGE: THE DONOR-ASSIGNED VALUE OF EQUIPMENT RECEIVED AND TRANSFERRED TO THE COLLEGE. THIS PROGRAM ALLOWS THE COLLEGE TO UPGRADE OR OBTAIN EQUIPMENT FOR INSTRUCTION AND TO REDUCE THE COLLEGE BUDGET REQUIRED FOR SUCH EXPENSES.


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Board, Officers & Key Employees

Name (title)Compensation
Mike Mrdjenovich
President
$0
Ross Niemi
Vice President
$0
Lynn Coady
Treasurer
$0
Kristy Liphart
Executive Director
$0
Jesse Brotz
Director
$0
Jim Gallimore
Director And Past President
$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$2,503,352
Noncash contributions included in lines 1a–1f $187,845
Total Revenue from Contributions, Gifts, Grants & Similar$2,503,352
Total Program Service Revenue$42,418
Investment income $154,446
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$4,633
Net Gain/Loss on Asset Sales -$33,933
Net Income from Fundraising Events $23,685
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,685,335

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Lakeshore Technical College Foundation Inc has recieved totaling $159,361.

Awarding OrganizationAmount
Lakeshore Community Foundation Inc

Manitowoc, WI

PURPOSE: $60,850 SCHOLARSHIPS; $50K EMERGENCY FUNDS FOR STUDENTS; $10K CENTER FOR HEALTHCARE EXCELLENCE CAMPAIGN

$120,850
Ruth St John & John Dunham West Foundation Inc

Manitowoc, WI

PURPOSE: RESTRICTED

$30,000
Rockefeller Philanthropy Advisors Inc

New York, NY

PURPOSE: GENERAL

$7,500
Baird Foundation Inc

Milwaukee, WI

PURPOSE: HEALTH AND HUMAN SERVICES

$800
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$211
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,782,109
Earnings-$357,507
Net Contributions$35,050
Other Expense$59,942
Ending Balance$1,399,710

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