- Revenue 2025
- $249,796
- Expenses 2025
- $101,174
Program services were 75.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
As filed
- Subsection
- 03
- NTEE code
- S32
- Classification
- 1200
- Street
- PO BOX 86
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 · 2025
Mission
Community Foundation providing assistance for the betterment of the community. Pillars are Education, Community and Economic Development, Arts and Environment.
Activities or mission (Part I)
Community Foundation providing assistance to provide for a better community. Pillars are Environment, Arts, Community and Economic Development and Education.
-
United Way of Goodhue, Wabasha, and Pierce Counties for Lake City Packing for the Weekend. Childrens food program
Expenses $10,000 · Grants $10,000
-
First Luthern Church - Lake City
Expenses $15,000 · Grants $15,000
-
Lake City Area Arts - Arts Programming
Expenses $7,500 · Grants $7,500
As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.
Officers and directors · 2025
As listed in Part VII of the 2025 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.
-
Bruce CarlstromBRUCE CARLSTROM
SECRETARY
- Total calculated
- $12,000
- From this org
- $12,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 20 + 5 related
-
Peter CoylePETER COYLE
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 5
-
Beth KrehbielBETH KREHBIEL
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Mark NicholsMARK NICHOLS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Steven LangSTEVEN LANG
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Heather BanksHEATHER BANKS
ASST TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Gregory LangfieldGREGORY LANGFIELD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jolene HarveyJOLENE HARVEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sarah BlaserSARAH BLASER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Peg MattkePEG MATTKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ann NibbeANN NIBBE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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
-
2025
- Revenue
- $249,796
- Expenses
- $101,174
- Contributions
- $193,248
- Grants paid
- $76,265
-
2024
- Revenue
- $288,254
- Expenses
- $49,320
- Contributions
- $259,665
- Grants paid
- $34,784
-
2023
- Revenue
- $138,930
- Expenses
- $40,408
- Contributions
- $124,223
- Grants paid
- $35,570
-
2022
- Revenue
- $95,037
- Expenses
- $35,094
- Contributions
- $85,158
- Grants paid
- $30,255
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
- $145,094
- Expenses
- $21,212
- Assets (EOY)
- $414,083
-
2020 · 990
- Revenue
- $50,019
- Expenses
- $15,574
- Assets (EOY)
- $256,838
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.
Form 990-N e-Postcard, tax year 2019
- Tax period
- 1 January 2019 to 31 December 2019
- Principal officer
-
Bruce A Carlstrom
- Mailing address
- PO Box 86Lake City MN 55041
- Website
- www.lakecityfoundation.org
As filed, from the IRS e-Postcard file of 2 November 2026. The IRS publishes only each organization's most recent postcard, so earlier years are not shown. A 990-N carries no financial detail. The postcard also gives the principal officer's address, which is not shown here.
Grants made
-
$15,000
2025 General Donation
-
City of Lake City
$10,055
2022 Tree Replacement
-
United Way
$10,000
2023
-
United Way
$10,000
2024
-
$10,000
2025 Childrens Food Program
-
Desination Lake City
$7,500
2022 Memorial Statue equipment
-
$7,500
2025 Arts Programming
Grants received
No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.
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 9 November 2026 and read 9 November 2026, for every organization at once. Returns through tax year 2025, the newest we have parsed for this organization.