2025-09-08T10:26:30-04:00 2025-06-30 432016112 LEDGERS INC PO BOX 1621 WATERTOWN SD 57201 990 2024-07-01 363860861 LAKE AREA TECHNICAL COLLEGE FOUNDATION % TRACY BUISKER LAKE 6058825284 1201 ARROW AVE NE WATERTOWN SD 57201 TRACY BUISKER EXECUTIVE DIRECTOR 6058825284 2025-09-02 true true LISA BOERSMA CPA P01078736 6058820686 2025-09-08 2024 2025-03-06 01:10:19Z 4993625 false X X 1992 SD THE ORGANIZATIONS PRIMARY PURPOSE IS TO BUILD A BETTER LAKE AREA TECHNICAL COLLEGE. 12 12 0 25 0 0 2074557 3977817 0 -354258 307178 246544 197981 1966843 4482976 15712067 6176966 0 186117 0 133381 248464 184041 15960531 6547124 -13993688 -2064148 13259717 11362110 621564 448007 12638153 10914103 THE ORGANIZATIONS PRIMARY PURPOSE IS TO BUILD A BETTER LAKE AREA TECHNICAL COLLEGE. false false 3209763 FUNDING FOR LATC CAMPUS IMPROVEMENTS 2470652 AWARDING SCHOLARSHIPS TO LATC STUDENTS 629180 FUNDING FOR LATC PROGRAM ENHANCEMENTS 6309595 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 2 0 true 0 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 DAN BRENDEN BOARD MEMBER 1.00 0.00 X 0 0 0 KASEY CHAPIN BOARD 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 BARB KLEINJAN BOARD MEMBER 1.00 0.00 X 0 0 0 BRIG SCHILLING 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 SHELLY TURBAK BOARD MEMBER 1.00 0.00 X 0 0 0 TIM WALTER BOARD MEMBER 1.00 0.00 X 0 0 0 JORDAN WOLLSCHLAGER BOARD MEMBER 1.00 0.00 X 0 0 0 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 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 BRITTANY ROST EX-OFFICIO MEMBER 20.00 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 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 45535 3932282 3977817 295298 295298 434752 422872 11880 11880 11880 179633 45535 87777 91856 91856 ADMIN FEE INCOME 523941 106125 106125 106125 4482976 106125 0 399034 3783108 3783108 2393858 2393858 186117 55835 37223 93059 28386 28386 14733 14733 34434 34434 10118 9815 303 826 826 1295 1295 DUES AND SUBSCRIPTIONS 11870 11870 SCHOLARSHIP RECOGNITION 76794 76794 DONOR RECOGNITION 5585 5585 6547124 6309595 104148 133381 1167921 771541 604650 1619415 2275000 1645000 303611 97733 8431454 6793256 477081 435165 13259717 11362110 398465 221715 223099 226292 621564 448007 X 1197945 1058633 11440208 9855470 12638153 10914103 13259717 11362110 -2064148 340098 0 X true X false false X 13114310 15135945 3744020 2074557 3977817 38046649 13114310 15135945 3744020 2074557 3977817 38046649 1473610 36573039 179628 572281 831474 527185 295298 2405866 232101 136317 170310 116045 91856 746629 41199144 0.88770 0.91390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false 3051761 218255 382661 62998 60470 3529209 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 0.80000 0.20000 false false FUNDS HELD FOR OTHERS 226292 226292 FESTIVAL OF 174868 45535 129333 6517 3332 18430 7176 44769 GOVERNORS LU 25246 25246 3930 3118 2 25054 25054 505 225168 45535 179633 6517 3332 22865 7176 47887 87777 91856 false LAKE AREA TECHNICAL COLLEGE 1201 ARROW AVE NW WATERTOWN SD 57201 3209763 COST CAMPUS IMPROVEMENTS CAMPUS IMPROVEMENTS LAKE AREA TECHNICAL COLLEGE 1201 ARROW AVE NW WATERTOWN SD 57201 573345 PROGRAM ENHANCEMENTS SCHOLARSHIPS 2393858 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 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 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 2 N/A false false true true 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-TO LAKE AREA TECHNICAL COLLEGE $573,345 CASH PAID TOWARDS PROGRAM ENHANCEMENTSTO LAKE AREA TECHNICAL COLLEGE $3,209,763 FMV CAPITAL IMPROVEMENTSSCHEDULE R, PART IV, LINE 1C- GIFTS AND GRANTS-FROM LAKE AREA TECHNICAL COLLEGE $73,682 CASH DONATIONS AND FUNDRAISING SUPPORTSCHEDULE R, PART IV, LINE 10- SHARING OF PAID EMPLOYEES-TO LAKE AREA TECHNICAL COLLEGE $186,117 WAGES AND BENEFITS REIMBURSED