Lake Mills Area Community Foundation Inc

Organization Overview

Lake Mills Area Community Foundation Inc is located in Lake Mills, WI. The organization was established in 1998. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Mills Area Community 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 12/2023, Lake Mills Area Community Foundation Inc generated $478.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $201.0k during the year ending 12/2023. While expenses have increased by 4.0% per year over the past 8 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.

Since 2016, Lake Mills Area Community Foundation Inc has awarded 74 individual grants totaling $984,122. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE GRANTS TO ORGANIZATIONS WITHIN THE GREATER LAKE MILLS, WISCONSIN COMMUNITY FOR THE IMPROVEMENT OF THE RESIDENTS OF THE COMMUNITY TO ENHANCE THE QUALITY OF LIFE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CARROL UNIVERSITY -- SCHOLARSHIPS FOR GRADUATING SENIORS


CEDARVILLE UNIVERSITY -- SCHOLARSHIPS FOR GRADUATING SENIORS


GEORGETOWN UNIVERSITY -- SCHOLARSHIPS FOR GRADUATING SENIORS


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Board, Officers & Key Employees

Name (title)Compensation
Jay Smith
Dir / President
$0
Pam Lazaris
Dir / Vice Pres
$0
Kerry Densen
Dir / Treasurer/secretary
$0
Pamala Steich
Director
$0
Richard Wollin
Director
$0
J Brian Watson
Director
$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$279,224
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$279,224
Total Program Service Revenue$0
Investment income $108,556
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $90,677
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $478,457

Grants Awarded

Over the last fiscal year, Lake Mills Area Community Foundation Inc has awarded $120,555 in support to 9 organizations.

Grant RecipientAmount

GEORGETOWN UNIVERSITY

PURPOSE: SCHOLARSHIPS

$5,500

UW MADISON

PURPOSE: SCHOLARSHIPS

$44,100

MADISON COLLEGE

PURPOSE: SCHOLARSHIPS

$13,500

UNIVERSITY OF MINNESOTA TWIN CITIES

PURPOSE: SCHOLARSHIPS

$6,250

UW PLATTEVILLE

PURPOSE: SCHOLARSHIPS

$6,000

UW LA CROSSE

PURPOSE: SCHOLARSHIPS

$7,500
View Grant Profile

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