Lake Area Technical College Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 1,321,919 | 1,139,538 | 182,381 | 16.0 | 11% |
| 2013 | 1,449,199 | 1,401,545 | 47,654 | 14.1 | 10% |
| 2014 | 1,459,456 | 1,183,867 | 275,589 | 21.5 | 11% |
| 2015 | 1,397,204 | 1,178,397 | 218,807 | 22.1 | 11% |
| 2016 | 1,705,218 | 1,782,150 | −76,932 | 13.6 | 7% |
| 2017 | 2,060,507 | 1,183,932 | 876,575 | 31.2 | 11% |
| 2018 | 1,467,156 | 1,186,703 | 280,453 | 65.6 | 12% |
| 2019 | 2,519,589 | 1,348,954 | 1,170,635 | 68.0 | 0% |
| 2020 | 1,836,124 | 3,567,128 | −1,731,004 | 19.6 | 4% |
| 2021 | 13,531,757 | 3,774,075 | 9,757,682 | 52.3 | 0% |
| 2022 | 15,847,172 | 2,178,373 | 13,668,799 | 153.1 | 7% |
| 2023 | 4,573,461 | 7,672,708 | −3,099,247 | 39.8 | 0% |
| 2024 | 1,966,843 | 15,960,531 | −13,993,688 | 9.5 | 0% |
In its most recent public year (2024), this organization spent $13,993,688 more than it brought in. Its reserves stood at about 9.5 months of spending, down from 16 in 2012. Staff pay was 0% of spending. $11,440,208 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2024. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Lake Area Technical College Foundation's IRS filings as a feed — one entry per filing year, through 2024. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works