2024-12-20T18:19:12-05:00 2024-06-30 432016112 Ledgers Inc 9 S Broadway Watertown SD 57201 990 2023-07-01 363860861 LAKE AREA TECHNICAL COLLEGE FOUNDATION LAKE 1201 ARROW AVE NE WATERTOWN SD 57201 TRACY BUISKER EXECUTIVE DIREC 6058825284 2024-11-15 true true Lisa Boersma CPA P01078736 6058820686 2024-12-20 2023 2024-10-15 13:58:12Z 17918474 false X X 1992 SD THE ORGANIZATIONS PRIMARY PURPOSE IS TO RAISE PRIVATE SECTOR CONTRIBUTIONS FOR SCHOLARSHIPS AND IMPROVEMENTS BENEFITING LAKE AREA TECHNICAL COLLEGE. 12 12 0 20 0 0 3744020 2074557 0 577381 -354258 252060 246544 4573461 1966843 7436949 15712067 0 0 0 79116 235759 248464 7672708 15960531 -3099247 -13993688 26277320 13259717 829899 621564 25447421 12638153 THE ORGANIZATIONS PRIMARY PURPOSE IS TO RAISE PRIVATE SECTOR CONTRIBUTIONS FOR SCHOLARSHIPS AND IMPROVEMENTS BENEFITING LAKE AREA TECHNICAL COLLEGE. false false 13130066 13130066 FUNDING FOR LATC CAMPUS IMPROVEMENTS 2393874 2342463 AWARDING SCHOLARSHIPS TO LATC STUDENTS 239538 239538 FUNDING FOR LATC PROGRAM IMPROVEMENTS 15763478 true true false false true false false false true false false false false true false false false false false false false false false true false false true true false false false false false false false false false false false false false false true false false false true 3 0 true 0 false false false false false false false false false false false false false false X 12 12 false false false false false false false true true false false true true true true true true false false false X TRACY BUISKER 6058825284 1201 ARROW AVE NE WATERTOWN SD 57201 X TIFFANY SANDERSON EX-OFFICIO MEMBER 1.00 0.00 X 0 0 0 CAM COREY EX-OFFICIO MEMBER 1.00 0.00 X 0 0 0 JORDAN WOLLSCHLAGER BOARD MEMBER 1.00 0.00 X 0 0 0 SHELLY TURBAK BOARD MEMBER 1.00 0.00 X 0 0 0 TIM WALTER BOARD MEMBER 1.00 0.00 X 0 0 0 STUART STEIN EX-OFFICIO MEMBER 1.00 0.00 X 0 0 0 SCOTT WEELDRYER EX-OFFICIO MEMBER 1.00 0.00 X 0 0 0 BRITTANY ROST EX-OFFICIO MEMBER 20.00 0.00 X 0 0 0 JESSI EIDSON EX-OFFICIO MEMBER 20.00 0.00 X 0 0 0 SCOTT CARBONNEAU EX-OFFICIO MEMBER 1.00 0.00 X 0 0 0 NATALIE GAUER BOARD MEMBER 1.00 0.00 X 0 0 0 JOSH HANSON BOARD MEMBER 1.00 0.00 X 0 0 0 DAN BRENDEN BOARD MEMBER 1.00 0.00 X 0 0 0 KASEY CHAPIN BOARD MEMBER 1.00 0.00 X 0 0 0 DONNA SCHOENBECK BOARD MEMBER 1.00 0.00 X 0 0 0 LEAH STELLEY BOARD MEMBER 1.00 0.00 X 0 0 0 BARB KLEINJAN BOARD MEMBER 1.00 0.00 X 0 0 0 BRIG SCHILLING BOARD MEMBER 1.00 0.00 X 0 0 0 TRACY BUISKER EXECUTIVE DIRECTOR 20.00 0.00 X 0 0 0 JAY BOOMSMA PRESIDENT 1.00 0.00 X 0 0 0 0 0 0 0 false false false 2074557 2074557 527185 527185 14909710 15791153 -881443 -881443 -881443 276522 160478 116044 116044 ADMIN FEE INCOME 523920 130500 130500 130500 1966843 130500 0 -238214 13369604 13369604 2342463 2342463 158233 47470 31647 79116 48913 48913 25424 25424 10046 10046 42 42 1065 1065 700 700 DUES AND SUBSCRIPTIONS 100 100 SCHOLARSHIP RECOGNITION 3941 3941 15960531 15763478 117937 79116 493834 1167921 2235234 604650 3215000 2275000 1119596 303611 18692488 8431454 521168 477081 26277320 13259717 395146 398465 434753 223099 829899 621564 X 1142332 1197945 24305089 11440208 25447421 12638153 26277320 13259717 -13993688 1184420 0 X true X false false X 1547818 13114310 15135945 3744020 2074557 35616650 1547818 13114310 15135945 3744020 2074557 35616650 282165 35334485 181298 179628 572281 831474 527185 2291866 100686 232101 136317 170310 116045 755459 38663975 0.91390 0.93280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false 2804825 137081 316348 160732 45761 3051761 2649920 76774 211345 83742 49472 2804825 15361100 15417740 -1675679 1872435 490435 91929 26648362 4834078 11426331 891340 1395650 1103527 66942 14585630 6656588 1280231 78822 1068852 2054692 58018 4834079 0.80000 0.20000 false false LAND CONTRACT FOR DEED 464607 ACC INTEREST CFD 12474 477081 FUNDS HELD FOR OTHERS 223099 223099 FESTIVAL OF 170434 170434 76305 GOVERNORS LU 34775 34775 4879 3 71313 71313 79294 276522 276522 160478 160478 116044 false LAKE AREA TECHNICAL COLLEGE 1201 ARROW AVE NW WATERTOWN SD 57201 13130065 COST CAMPUS IMPROVEMENTS CAMPUS IMPROVEMENTS LAKE AREA TECHNICAL COLLEGE 1201 ARROW AVE NW WATERTOWN SD 57201 239538 PROGRAM ENHANCEMENTS 1 SCHOLARSHIPS 2342463 Monitoring procedures (Part I, line 2) THE SCHOLARSHIPS COMMITTEE REVIEWS ACCOUNT FUND BALANCES PRIOR TO THE APRIL 1 APPLICATION DEADLINE TO DISCUSS AWARDING OF FUNDS EACH YEAR. THE ADMINISTRATIVE ASSISTANT THEN REVIEWS EACH FUNDS CRITERIA AND PLACES APPLICATIONS THAT QUALIFY FOR EACH FUND TO BE REVIEWED AND CHOSEN BY THE SCHOLARSHIP COMMITTEE. Form 990 governing body review Part VI line 11 THE FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE BEFORE FILING. THE FINANCE COMMITTEE WILL REVIEW FORM 990 IN DETAIL WITH THE ENTIRE BOARD IF IT IS DEEMED NECESSARY. Conflict of interest policy compliance Part VI line 12c THE CONFLICTS OF INTEREST POLICY IS REVIEWED ANNUALLY. EACH PERSON IS REQUIRED TO DISCLOSE POTENTIAL CONFLICTS. POTENTIAL CONFLICTS PRECLUDE SUCH A PERSON FROM VOTING ON THOSE MATTERS. CEO executive director top management comp Part VI line 15a THE WATERTOWN SCHOOL DISTRICT REVIEWS AND SETS THE SALARIES OF THE INDIVIDUALS WORKING FOR THE LAKE AREA TECHNICAL COLLEGE FOUNDATION, AND THEN THE FOUNDATION REIMBURSES THE WATERTOWN SCHOOL DISTRICT FOR ONE-HALF OF THE COST. ACCORDINGLY, A SEPARATE COMPENSATION REVIEW PROCESS IS NOT NECESSARY. Governing documents etc available to public Part VI line 19 ALL SUCH DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. General explanation attachment TAX PREPARERS SOFTWARE REQUIRES A DATE ACQUIRED AND DATE SOLD FOR ALL ASSET SALES. THE NUMBER OF SALES MAKE INDIVIDUAL REPORTING UNECONOMICAL. THEREFORE, SALES WERE ENTERED IN TOTAL TO ALLOW FOR EFILING, AND DETAILS CONCERNING THE SALES ARE IN THE TAXPAYERS POSSESSION. LAKE AREA TECHNICAL COLLEGE PO BOX 730 WATERTOWN SD 57201 466001273 EDUCATION SD 501C3 N/A false false true false false false false false false false false false false false false true false false false false General Explanation Attachment SCHEDULE R, PART IV, LINE 1B - GIFTS AND GRANTS - LAKE AREA TECHNICAL COLLEGE $13,130,065.41 FMV CAPITAL IMPROVEMENTSLAKE AREA TECHNICAL COLLEGE $239,538.22 CASH PAID TOWARDS PROGRAM ENHANCEMENTSSCHEDULE R, PART IV, LINE 1O - SHARING OF PAID EMPLOYEES - LAKE AREA TECHNICAL COLLEGE $158,232.79 WAGES PAID IN TOTAL