Lakeview College Of Nursing
- Assets
- $24.7m
- Revenue
- $2.9m
- Investments
- $4.8m
- Employees
- 36
- Location
- Danville, IL
- Founding
- 07/1960
- Data as of
- 12/2023
- EIN
- 37-0692975
Organization Overview
Lakeview College Of Nursing is located in Danville, IL. The organization was established in 1960. As of 12/2023, Lakeview College Of Nursing employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakeview College Of Nursing 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, Lakeview College Of Nursing generated $2.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $3.1m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATE INDIVIDUALS IN NURSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE LAKEVIEW COLLEGE OF NURSING IS TO EDUCATE INDIVIDUALS IN NURSING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angie Kotcher Board Member | Trustee | 1 | $0 |
Diane Buss Chair | OfficerTrustee | 1 | $0 |
Judd Peck Vice Chair | OfficerTrustee | 1 | $0 |
Lon Henderson Board Member | Trustee | 1 | $0 |
William Garrison Board Member | Trustee | 1 | $0 |
Sheila Mingee President | Officer | 50 | $161,988 |
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 | $211,509 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $211,509 |
| Total Program Service Revenue | $2,172,481 |
| Investment income | $519,505 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $39,292 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,942,787 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $234,660 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $169,967 |
| Compensation of current officers, directors, key employees. | $169,967 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,385,455 |
| Pension plan accruals and contributions | $35,072 |
| Other employee benefits | $96,707 |
| Payroll taxes | $118,432 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,233 |
| Fees for services: Accounting | $86,608 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $57,275 |
| Fees for services: Other | $108,797 |
| Advertising and promotion | $100,992 |
| Office expenses | $247,609 |
| Information technology | $43,606 |
| Royalties | $0 |
| Occupancy | $69,879 |
| Travel | $46,611 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $691 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $159,139 |
| Insurance | $84,627 |
| All other expenses | $0 |
| Total functional expenses | $3,060,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $434,245 |
| Savings and temporary cash investments | $276,114 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,202 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,966 |
| Net Land, buildings, and equipment | $2,446,797 |
| Investments—publicly traded securities | $16,683,276 |
| Investments—other securities | $4,844,431 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,700,031 |
| Accounts payable and accrued expenses | $149,133 |
| Grants payable | $0 |
| Deferred revenue | $94,705 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $19,441 |
| Total liabilities | $263,279 |
| Net assets without donor restrictions | $15,324,376 |
| Net assets with donor restrictions | $9,112,376 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $24,700,031 |