EIN 23-7100515

Lake Land College Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Mattoon
Year formed
1970
Most recent tax filings
2024-06-01
Description
The Lake Land College Foundation helps enhance educational opportunities and services for students, alumni, and citizens of the district through scholarships and charitable purposes. Its major focus is providing student scholarships, and it operates exclusively for the welfare of Lake Land College in Mattoon, IL.
Total revenues
$1,673,676
2024
Total expenses
$1,778,105
2024
Total assets
$18,008,235
2024
Num. employees
0
2024

Program areas at Lake Land College Foundation

The Lake Land College Foundation was organized and operates exclusively for education and charitable purposes designed to promote the welfare of Lake Land College, mattoon, Illinois, and its students. The major thrust of the Foundation is to provide scholarships to Lake Land College students. During the past year, through the generous donations of area individuals, businesses, and organizations, the Foundation awarded $687,282 in scholarships to about 1,000 deserving students. These scholarships vary in amounts awarded and criteria. First accomplishment for awarding is based on the donor's wishes and/or guidelines established by the Lake Land College Foundation board of directors. Donors who reach a specified level of lifetime giving are recognized on an annual basis and also have the opportunity to meet their scholarship recipient(s) at an annual reception.donors represent a diverse background from the 4,000 square mile district. Many donors have been dedicated to helping students for more than two decades. They believe in the community College and are committed to ensuring that the region has a trained workforce to meet the needs of local business and industry. Donors are also expanding their support by providing additional resources for the unmet financial needs of the College due to declining state support and a sluggish local property tax base.other Foundation activities include an annual golf outing which raises monies that are used for the operations of the Foundation. Volunteeers and golfers from throughout the district return each year to help plan and support the golf outing.

Who funds Lake Land College Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Chicago Community TrustSupport for Compeer Financial Scholarships (2 at $1,250 Each), Support for Agriculture Department: Equipment & Technology, Student Recruitment & Outreach, Student Retention, Professional Development$27,500
The Fuqua FoundationStudent Scholarships$22,605

Personnel at Lake Land College Foundation

NameTitleCompensation
Christi DonsbachExecutive Director for College Advancement and Foundation Chief Executive Officer$0
Christina DonsbachExecutive Director
Madge ShootTreasurer$0
Rich HartkePresident$0
Tom WhiteSecretary$0
...and 9 more key personnel

Financials for Lake Land College Foundation

RevenuesFYE 06/2024
Total grants, contributions, etc.$954,788
Program services$0
Investment income and dividends$383,282
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$43,660
Net gain from sale of non-inventory assets$158,601
Net income from fundraising events$-10,932
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$144,277
Total revenues$1,673,676

Form 990s for Lake Land College Foundation

Fiscal year endingDate received by IRSFormPDF link
2024-062024-11-04990View PDF
2023-062023-11-14990View PDF
2022-062022-10-19990View PDF
2021-062021-11-05990View PDF
2020-062021-02-24990View PDF
...and 10 more Form 990s
Data update history
January 19, 2025
Received grants
Identified 1 new grant, including a grant for $22,605 from The Fuqua Foundation
January 12, 2025
Used new vendors
Identified 1 new vendor, including
November 3, 2024
Updated personnel
Identified 5 new personnel
September 21, 2024
Received grants
Identified 1 new grant, including a grant for $27,500 from The Chicago Community Trust
December 31, 2023
Received grants
Identified 1 new grant, including a grant for $20,130 from The Fuqua Foundation
Nonprofit Types
Grantmaking organizationsSchoolsHeadquarter / parent organizationsCharities
Issues
Education
Characteristics
Fundraising eventsState / local levelEndowed supportCommunity engagement / volunteeringProvides scholarshipsFundraising races, competitions, and tournamentsTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
5001 Lake Land Blvd
Mattoon, IL 61938
County
Coles County, IL
Website URL
lakelandcollege.edu/ 
Phone
(217) 234-5363
IRS details
EIN
23-7100515
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1970
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Central organization
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