Lake Region Community College Foundation Of Devils Lake

Organization Overview

Lake Region Community College Foundation Of Devils Lake is located in Devils Lake, ND. The organization was established in 1965. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, 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 Region Community College Foundation Of Devils Lake 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, Lake Region Community College Foundation Of Devils Lake generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $1.4m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Lake Region Community College Foundation Of Devils Lake has awarded 24 individual grants totaling $6,159,811. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE SUPPORT TO FURTHER THE EDUCATIONAL MISSION OF LAKE REGION STATE COLLEGE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GENERAL AND ATHLETIC SCHOLARSHIP SUPPORT AT THE LAKE REGION STATE COLLEGE


PUBLIC RELATIONS AND PUBLICATIONS AT THE LAKE REGION STATE COLLEGE


OTHER SPECIAL PROJECTS AT THE LAKE REGION STATE COLLEGE


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Board, Officers & Key Employees

Name (title)Compensation
Dan Ness
President
$0
Kade Sveen
Vice President
$0
Kim Belzer
Secretary
$0
Stephanie Shock
Treasurer
$0
Corry Kenner
Asst. Treasurer
$0
Elonda Nord
Executive Director
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$997,001
Investment income $183,978
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $6,906
Net Income from Fundraising Events $10,261
Net Income from Gaming Activities $21,662
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,219,808

Grants Awarded

Over the last fiscal year, Lake Region Community College Foundation Of Devils Lake has awarded $981,794 in support to 3 organizations.

Grant RecipientAmount

LAKE REGION STATE COLLEGE

PURPOSE: SUPPORT VARIOUS SCHOOL PROGRAMS

$585,637

LAKE REGION STATE COLLEGE

PURPOSE: USED BY THE COLLEGE TO PROVIDE SCHOLARSHIPS TO STUDENTS OF THE COLLEGE

$373,272

LAKE REGION STATE COLLEGE

PURPOSE: SUPPORT PUBLICATIONS AND PROMOTIONS

$22,885
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Lake Region Community College Foundation Of Devils Lake has recieved totaling $259,070.

Awarding OrganizationAmount
Otto Bremer Trust

St Paul, MN

PURPOSE: NURSING APPRENTICESHIPS

$141,875
Chs Foundation

Inver Grove Heights, MN

PURPOSE: LAKE REGION STATE COLLEGE PRECISION AG AND CHS INNOVATIVE 40

$67,875
Florence Lake Charitable Trust

Grand Forks, ND

PURPOSE: Qualified Charitable Programs

$29,666
Chs Foundation

Inver Grove Heights, MN

PURPOSE: 2021/22 UNIVERSITY PARTNER PROGRAM

$10,000
Robert E Roberts Charitable Remainder Annuity Trust

Devils Lake, ND

PURPOSE: GENERAL GRANT

$6,914
Edmund E Toutges Testamentary Tr 01612

Devils Lake, ND

PURPOSE: GENERAL GRANT

$2,740
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$9,937,142
Earnings$2,226,652
Net Contributions$428,473
Other Expense$46,445
Grants$257,212
Ending Balance$12,288,610

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