Lake Mills Scholarship Foundation
- Assets
- $275.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lake Mills, IA
- Founding
- 05/2017
- Data as of
- 12/2021
- EIN
- 81-4953829
Organization Overview
Lake Mills Scholarship Foundation is located in Lake Mills, IA. The organization was established in 2017. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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 Mills Scholarship 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 12/2021, Lake Mills Scholarship Foundation generated $174.9k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 37.4% each year . All expenses for the organization totaled $25.9k during the year ending 12/2021. While expenses have increased by 6.2% per year over the past 2 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE PURPOSE OF THIS ORGANIZATION IS TO PROVIDE SCHOLORSHIPS TO THE LAKE MILLS HIGH SCHOOL STUDENTS AS AN INCENTIVE FOR HIGHER LEARNING AND ACHIEVEMENT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Swenson Vice-Preside | 0 | $0 | |
James Scholbrock Secretary | 0 | $0 | |
Scott Drexler Treasurer | 0 | $0 | |
Mike Gaskill President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $164,700 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $10,164 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $37 |
| Total Revenue | $174,901 |
| 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 | $795 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $25,136 |
| Total expenses | $25,931 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $275,513 |
| Other assets | $0 |
| Total assets | $275,513 |
| Total liabilities | $25,000 |
| Net assets or fund balances | $250,513 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lake Mills Scholarship Foundation has recieved totaling $5,250.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $5,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Collective For Youth Omaha, NE | $16,344,773 | $14,408,697 |
Academy For Urban School Leadership Chicago, IL | $9,385,123 | $10,302,671 |
Primo Center For Women And Children Chicago, IL | $5,281,489 | $8,337,109 |
Wallin Education Partners St Paul, MN | $25,848,040 | $10,926,258 |
North Chicago Education Fund Chicago, IL | $29,249,144 | $33,611 |
New American Development Center Minneapolis, MN | $3,930,676 | $9,122,032 |
Bluesky Charter School Bloomington, MN | $6,912,497 | $6,906,603 |
Us Math Recovery Council Eagan, MN | $3,296,483 | $6,771,005 |
Racine Charter One Inc Racine, WI | $5,378,275 | $6,487,272 |
Rockford Rescue Mission Ministries Rockford, IL | $21,367,986 | $9,020,470 |
Hands Of Hope Of Illinois Joliet, IL | $1,296,526 | $5,994,753 |
Communities In Schools Of Chicago Chicago, IL | $8,973,055 | $9,274,759 |