Leech Lake Tribal College
- Assets
- $13.8m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 104
- Location
- Cass Lake, MN
- Founding
- 09/2003
- Data as of
- 06/2020
- EIN
- 75-3061667
Organization Overview
Leech Lake Tribal College is located in Cass Lake, MN. The organization was established in 2003. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 06/2020, Leech Lake Tribal College employed 104 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leech Lake Tribal College 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 06/2020, Leech Lake Tribal College generated $6.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $6.4m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY HIGHER EDUCATION GROUNDED IN ANISHINAABE VALUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE POST-SECONDARY AND HIGHER EDUCATION FOR THE LEECH LAKERESERVATION, RESULTING IN ASSOCIATES OF SCIENCE AND APPLIED SCIENCEDEGREES AND OCCUPATIONAL SKILLS CERTIFICATES.
TO PROVIDE POST-SECONDARY AND HIGHER EDUCATION FOR THE LEECH LAKERESERVATION, RESULTING IN ASSOCIATES OF SCIENCE AND APPLIED SCIENCEDEGREES AND OCCUPATIONAL SKILLS CERTIFICATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond Burns President | Officer | 40 | $83,895 |
Genevieve Lowry Chief Financial Officer | Officer | 40 | $63,065 |
Jennifer Cross Secretary | Trustee | 2 | $3,496 |
Alicia Bowstring Member | Trustee | 1 | $2,581 |
Veronica Veaux Treasurer | Trustee | 2 | $2,450 |
Rebecca Graves Chairman | Trustee | 2 | $2,320 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,490,735 |
| Investment income | $62,102 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,377,712 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $991,362 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $200,570 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $6,379,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,589,422 |
| Savings and temporary cash investments | $103,364 |
| Pledges and grants receivable | $298,961 |
| Accounts receivable, net | $61,858 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $38,500 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $4,702,951 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,791,510 |
| Accounts payable and accrued expenses | $412,165 |
| Grants payable | $0 |
| Deferred revenue | $1,407,549 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $6,920,274 |
| 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 | $21,409 |
| Total liabilities | $1,841,123 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $11,950,387 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Leech Lake Tribal College has recieved totaling $203,198.
| Awarding Organization | Amount |
|---|---|
American Indian College Fund Denver, CO PURPOSE: OPERATIONAL/PROGRAM SUPPORT | $95,742 |
Charles K Blandin Foundation Grand Rapids, MN PURPOSE: PROJECT SUPPORT FOR STUDENT SUPPORT IN RURAL MINNESOTA | $60,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $19,834 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $15,172 |
Ascendium Education Solutions Inc Madison, WI PURPOSE: Project Success Emergency Aid and Paid Internship Program | $11,300 |
Susan Stuart Seiler Family Foundation Lincoln, NE PURPOSE: CHARITABLE | $1,000 |
Endowment Analysis
| Beg. Balance | $4,448,094 |
| Earnings | $151,773 |
| Net Contributions | $369,490 |
| Other Expense | $10,500 |
| Ending Balance | $4,958,857 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Best Academy Inc Minneapolis, MN | $10,985,443 | $14,343,198 |
Leech Lake Tribal College Cass Lake, MN | $13,791,510 | $6,377,712 |
Wisconsin Association Of Independent Colleges And Universit Madison, WI | $20,602,047 | $4,896,137 |
Ascendium Education Group Inc Madison, WI | $2,297,580,826 | $30,305,077 |
Charlie Life And Leadership Academy Minneapolis, MN | $444,051 | $925,647 |
Stem Academy Inc Brookfield, WI | $965,909 | $785,708 |
Christian College Consortium Inc Shoreview, MN | $8,887,048 | $1,147,619 |
Lutheran Educational Conf Of North America Cedarburg, WI | $572,097 | $203,787 |
Central Association Of College And University Business Officers Madison, WI | $2,240,627 | $154,798 |
Cim North Central Region Patrons Group Mendota Heights, MN | $318,039 | $341,000 |
Wisconsin Education Fairs Inc Fond Du Lac, WI | $191,059 | $0 |
Range Engineering Council Hibbing, MN | $80,004 | $0 |