- Revenue 2024
- $1,544,160
- Expenses 2024
- $987,986
Program services were 81.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
As filed
- Subsection
- 03
- Classification
- 1200
- Street
- PO BOX 7132
These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).
Mission and programs · 2024
Mission
THE PROMOTION AND ENCOURAGEMENT OF SCHOLARSHIPS AND OPPORTUNITIES FOR HIGHER EDUCATION AMONG RESIDENTS OF THE LAKES REGION.
Activities or mission (Part I)
THE FOUNDATION AWARDS SCHOLARSHIPS TO QUALIFYING LAKES REGION STUDENTS
-
SCHOLARSHIPS OF $811,600 WERE AWARDED AND $807,605 WERE DISBURSED IN 2024.
Expenses $807,605 · Grants $807,605
As filed on the 2024 return.
Officers and directors · 2024
As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.
-
Karen SwitzerKAREN SWITZER
EXECUTIVE DIRECTOR
- Total calculated
- $54,923
- From this org
- $54,923
- From related orgs
- $0
- Other
- $0
- Hours/week
- 20
-
Christopher GuilmettCHRISTOPHER GUILMETT
ASSISTANT DIRECTOR
- Total calculated
- $35,835
- From this org
- $35,835
- From related orgs
- $0
- Other
- $0
- Hours/week
- 20
-
Joan FratesJOAN FRATES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Gayle PriceGAYLE PRICE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
Laura LarsonLAURA LARSON
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
James CarrollJAMES CARROLL
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
Judy BallJUDY BALL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Rebecca BeaneREBECCA BEANE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Philip BonafidePHILIP BONAFIDE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Colleen CassCOLLEEN CASS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Jim ChaseJIM CHASE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Jean ClarkeJEAN CLARKE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
James DirubboJAMES DIRUBBO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Kathy GilmanKATHY GILMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Lois KessinLOIS KESSIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Richard MarianoRICHARD MARIANO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Don McLellandDON MCLELLAND
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
Fredda OsmanFREDDA OSMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Semi Shin-KenisonSEMI SHIN-KENISON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Marjory WilkinsonMARJORY WILKINSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Paulette LoughlinPAULETTE LOUGHLIN
ADVISORY DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Scott DavisSCOTT DAVIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
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. Earlier years are each on their own filing page.
Filings
-
2024
- Revenue
- $1,544,160
- Expenses
- $987,986
- Contributions
- $775,811
- Grants paid
- $807,605
-
2023
- Revenue
- $1,851,754
- Expenses
- $824,059
- Contributions
- $1,558,630
- Grants paid
- $650,360
-
2022
- Revenue
- $1,894,924
- Expenses
- $886,953
- Contributions
- $1,730,507
- Grants paid
- $722,794
The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.
Other returns filed
-
2021 · 990
- Revenue
- $2,617,531
- Expenses
- $736,157
- Assets (EOY)
- $13,202,377
-
2020 · 990
- Revenue
- $938,527
- Expenses
- $575,393
- Assets (EOY)
- $9,790,681
-
2019 · 990
- Revenue
- $599,441
- Expenses
- $669,480
- Assets (EOY)
- $8,462,748
-
2018 · 990
- Revenue
- $1,301,430
- Expenses
- $593,535
- Assets (EOY)
- $7,522,648
Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.
Grants made
No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.
Grants received
-
2024 For grant recipient's exempt purposes
-
2022 For desi dists, general support, student awards, operations
-
2024 For a designated distributions, scholarship fund, scholarships
-
2023 SCHOLARSHIPS
-
2024 COLLEGE SCHOLARSHIPS
-
2023 COLLEGE SCHOLARSHIPS
-
2023 For designated distributions and operating fund
-
2023 For grant recipient's exempt purposes
-
2022 For grant recipient's exempt purposes
-
2024 GENERAL SUPPORT
The 10 largest by cash amount. The API serves every itemized grant.
Other IRS files
Auto-Revocation List
Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.
Publication 78
Listed as of 13 October 2026, under deductibility PC.
These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.
What this page reflects
The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.