Form 990 for tax year 2022
Filed by LAKE REGION COMMUNITY COLLEGE FOUNDATION OF DEVILS LAKE.
Totals
- Total revenue
- $867,689
- Total expenses
- $699,603
- Contributions and grants received
- $428,778
- Grants paid
- $476,775
- Program service revenue
- $0
- Investment income
- $372,613
- Other revenue
- $66,298
- Total assets, end of year
- $13,743,350
- Total liabilities, end of year
- $182,702
- Net assets or fund balances, end of year
- $13,560,648
- Program services expenses (Part IX)
- $489,202
- Management and general expenses
- $163,078
- Fundraising expenses
- $47,323
- Program service expenses (Part III)
- $489,202
Program services were 69.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$41,620
-
1d · Related organizations
$15,450
-
1f · All other contributions, gifts and grants
$371,708
-
1g · Noncash contributions included above
$115,575
-
3 · Investment income
total $289,642 · excluded $289,642
-
7a · Gross sales of assets other than inventory
securities $447,282
-
7b · Less cost or other basis and sales expenses
securities $364,311
-
7c · Gain or loss
securities $82,971
-
7d · Net gain or loss
total $82,971 · excluded $82,971
-
8a · Fundraising events: gross income
$90,124
-
8a · Fundraising events: contributions included on line 1c
$41,620
-
8b · Fundraising events: direct expenses
$46,354
-
8c · Net income from fundraising events
total $43,770 · excluded $43,770
-
9a · Gaming: gross income
$36,796
-
9b · Gaming: direct expenses
$14,268
-
9c · Net income from gaming
total $22,528 · excluded $22,528
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $476,775 · program services $476,775
-
7 · Other salaries and wages
total $45,724 · program services $12,030 · management and general $15,519 · fundraising $18,175
-
8 · Pension plan contributions
total $239 · program services $63 · management and general $81 · fundraising $95
-
9 · Other employee benefits
total $881 · program services $232 · management and general $299 · fundraising $350
-
10 · Payroll taxes
total $386 · program services $102 · management and general $131 · fundraising $153
-
11f · Fees: investment management
total $41,293 · management and general $41,293
-
12 · Advertising and promotion
total $34,636 · management and general $6,086 · fundraising $28,550
-
17 · Travel
total $1,215 · management and general $1,215
-
19 · Conferences, conventions and meetings
total $17,446 · management and general $17,446
-
24a · Other expenses: FOUNDATION OPERATIONS
total $81,008 · management and general $81,008
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $67,483 · end of year $72,574
-
2 · Savings and temporary cash investments
beginning of year $1,815,549 · end of year $2,282,481
-
3 · Pledges and grants receivable
beginning of year $173,166 · end of year $35,998
-
4 · Accounts receivable
beginning of year $7,649
-
10a · Land, buildings and equipment: cost or other basis
$74,000
-
10c · Land, buildings and equipment, net
beginning of year $74,000 · end of year $74,000
-
11 · Investments: publicly traded securities
beginning of year $9,227,366 · end of year $10,001,841
-
12 · Investments: other securities
beginning of year $1,267,319 · end of year $1,276,456
-
17 · Accounts payable and accrued expenses
beginning of year $23,581 · end of year $182,702
-
27 · Net assets without donor restrictions
beginning of year $482,934 · end of year $488,043
-
28 · Net assets with donor restrictions
beginning of year $12,126,017 · end of year $13,072,605
Mission and programs · 2022
Mission
PROVIDE SUPPORT TO FURTHER THE EDUCATIONAL MISSION OF LAKE REGION STATE COLLEGE.
-
GENERAL AND ATHLETIC SCHOLARSHIP SUPPORT AT THE LAKE REGION STATE COLLEGE
Expenses $418,917 · Grants $418,917
-
OTHER SPECIAL PROJECTS AT THE LAKE REGION STATE COLLEGE
Expenses $70,285 · Grants $57,858
As filed on the 2022 return.
Listed in Part VII
-
Angela Mikkelson Through Dec 22ANGELA MIKKELSON THROUGH DEC 22
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Brittany GrannBRITTANY GRANN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Carrie Huwe Through Dec 22CARRIE HUWE THROUGH DEC 22
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Chad PetersonCHAD PETERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Cheri MartinsonCHERI MARTINSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Danielle MickelsonDANIELLE MICKELSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Darlene BrownDARLENE BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Deb SchlenkerDEB SCHLENKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Evan MarkestadEVAN MARKESTAD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Gayle GetteGAYLE GETTE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Heidi Becker Through Dec 22HEIDI BECKER THROUGH DEC 22
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jack Yunker Through Dec 22JACK YUNKER THROUGH DEC 22
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jason EdwardsJASON EDWARDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jeff Wahl Through Dec 22JEFF WAHL THROUGH DEC 22
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jim DahlenJIM DAHLEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Johnnie CandleJOHNNIE CANDLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Kade SveenKADE SVEEN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
Karen SwansonKAREN SWANSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Kim Belzer Through Dec 22KIM BELZER THROUGH DEC 22
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
Kim EngstromKIM ENGSTROM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Kim ZinkeKIM ZINKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Kristi BergKRISTI BERG
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
Kristin JohnsonKRISTIN JOHNSON
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
Larry LegacieLARRY LEGACIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Mike DunnMIKE DUNN
DIRECTOR
- Total calculated
- $15,000
- From this org
- $15,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.5
-
Preston SundeenPRESTON SUNDEEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Rachael Mickelson HendricksonRACHAEL MICKELSON HENDRICKSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Shauna SchneiderSHAUNA SCHNEIDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Stephanie ShockSTEPHANIE SHOCK
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Tom HaahrTOM HAAHR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Kristie TollefsonKRISTIE TOLLEFSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Vanessa WeberVANESSA WEBER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Elonda NordELONDA NORD
EXECUTIVE DIRECTOR
- Total calculated
- $111,376
- From this org
- $0
- From related orgs
- $83,433
- Other
- $27,943
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
LAKE REGION STATE COLLEGE
$418,917
USED BY THE COLLEGE TO PROVIDE SCHOLARSHIPS TO STUDENTS OF THE COLLEGE
-
LAKE REGION STATE COLLEGE
$57,858
SUPPORT VARIOUS SCHOOL PROGRAMS
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
LAKE REGION STATE COLLEGE
N/A · STATE OWNED AND OPERATED COLLEGE · ND
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431369349319213
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