Lake Area Technical Institute Alumni Association
- Assets
- $380.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Watertown, SD
- Founding
- 09/1988
- Data as of
- 06/2022
- EIN
- 46-0381673
Organization Overview
Lake Area Technical Institute Alumni Association is located in Watertown, SD. The organization was established in 1988. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Lake Area Technical Institute Alumni Association 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, Lake Area Technical Institute Alumni Association generated $79.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $15.9k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDE FOR ADVANCEMENT, DEVELOPMENT, AND ACHIEVEMENT OF LAKE AREA TECHNICAL COLLEGE (EDUCATIONAL INSTITUTION), PRIMARILY THROUGH PUBLICATIONS AND SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Troy Zebroski Director | 1 | $0 | |
Julie Kneeland President | 1 | $0 | |
Shawna Shelton Director | 1 | $0 | |
Marty Koistinen Director | 1 | $0 | |
Michelle Turbak Director | 1 | $0 | |
Morgan Johnson Development | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $81,044 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2,023 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$3,936 |
| Other Revenue | $0 |
| Total Revenue | $79,131 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $721 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $13,688 |
| Other expenses | $1,478 |
| Total expenses | $15,887 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $380,875 |
| Other assets | $0 |
| Total assets | $380,875 |
| Total liabilities | $0 |
| Net assets or fund balances | $380,875 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lake Area Technical Institute Alumni Association has recieved totaling $14,600.
| Awarding Organization | Amount |
|---|---|
Prairie Lakes Health Care System Inc Watertown, SD PURPOSE: CONSTRUCTING AND EQUIPPING A HEALTH EDUCATION CENTER; SCHOLARSHIPS | $14,600 |
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|---|---|---|
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Central States Fair Rapid City, SD | $6,354,015 | $4,358,357 |
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Valley Senior Living Grand Forks, ND | $804,854 | $3,496,436 |
The Hawks Foundation Omaha, NE | $219,357,783 | $65,081,612 |
Childrens Scholarship Fund Of Omaha Omaha, NE | $2,892,431 | $2,351,847 |
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Bright Foundation Urbandale, IA | $34,336,186 | $806,138 |