Lakeland University Foundation Inc

Organization Overview

Lakeland University Foundation Inc is located in Plymouth, WI. The organization was established in 1995. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Lakeland University 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 06/2021, Lakeland University Foundation Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $409.1k during the year ending 06/2021. While expenses have increased by 1.8% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

LAKELAND UNIVERSITY FOUNDATION INC SOLICITS DONATIONS ON BEHALF OF LAKELAND UNIVERSITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIP PROGRAMS: LAKELAND UNIVERSITY ISSUED SCHOLARSHIPS TO STUDENTS ATTENDING LAKELAND UNIVERSITY DURING THE ACADEMIC YEAR. LAKELAND UNIVERSITY FOUNDATION PROVIDES FUNDING FOR THESE SCHOLARSHIPS BASED UPON FUNDS AVAILABLE. THE FOUNDATION ALSO PROVIDES FUNDING FOR PROFESSORSHIPS AND OPERATIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Robert Melzer
President
$0
Stuart Brotz
Vice-President
$0
William Sheldon
Secretary/treasurer
$0
Bonita Graff
Board Member
$0
Barbara Gannon
Board Member
$0
Jeff Spence
Board Member
$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$359,286
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$359,286
Total Program Service Revenue$0
Investment income $617,632
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $248,546
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,225,464

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Lakeland University Foundation Inc has recieved totaling $206,116.

Awarding OrganizationAmount
Boldt Family Fund Inc

Appleton, WI

PURPOSE: SCHOLARSHIPS & STUDENT FINANCIAL AID

$200,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$6,116
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$17,508,531
Earnings$3,956,407
Admin Expense$60,894
Net Contributions$359,286
Grants$348,231
Ending Balance$21,415,099

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