2026-02-27T13:42:45-06:00 2025-06-30 331498605 PLANTE & MORAN PLLC 750 TRADE CENTRE WAY STE 300 PORTAGE MI 49002 990 2024-07-01 382714753 LAKE MICHIGAN COLLEGE FOUNDATION LAKE 6169278100 2755 EAST NAPIER AVENUE BENTON HARBOR MI 49022 KARLA PANKRATZ TREASURER 6169278100 2026-02-26 1 1 AMY CIMINELLO P00796388 2695674500 2026-02-26 2024 2025-03-06 01:10:19Z KARLA PANKRATZ 2755 EAST NAPIER AVENUE BENTON HARBOR MI 49022 2490973 0 X WWW.LAKEMICHIGANCOLLEGE.EDU/COMMUNITY X 1986 MI THE MISSION OF THE LAKE MICHIGAN COLLEGE FOUNDATION IS TO RAISE FUNDS IN SUPPORT OF LAKE MICHIGAN COLLEGE AND ITS STUDENTS. THE LAKE MICHIGAN COLLEGE FOUNDATION IS THE MAIN FUND-RAISING ORGANIZATION OF LAKE MICHIGAN COLLEGE FOR THE SOLICITATION, RECEIPT AND MANAGEMENT OF ALL PRIVATE GIFTS. 30 27 0 44 0 0 3754660 885368 0 0 1203708 1315121 -23192 -41644 4935176 2158845 1291403 938208 0 0 0 0 0 0 46570 174950 166695 1466353 1104903 3468823 1053942 20464360 22084437 1245375 1085743 19218985 20998694 X THE MISSION OF THE LAKE MICHIGAN COLLEGE FOUNDATION IS TO RAISE FUNDS IN SUPPORT OF LAKE MICHIGAN COLLEGE AND ITS STUDENTS. THE LAKE MICHIGAN COLLEGE FOUNDATION IS THE MAIN FUND-RAISING ORGANIZATION OF LAKE MICHIGAN COLLEGE FOR THE SOLICITATION, RECEIPT AND MANAGEMENT OF ALL PRIVATE GIFTS. 0 0 938208 938208 THE FOUNDATION EXISTS TO SUPPORT LAKE MICHIGAN COLLEGE AND ITS STUDENTS. SCHOLARSHIPS WERE AWARDED TO VARIOUS STUDENTS AND PAYMENTS WERE MADE TO SUPPORT VARIOUS COLLEGE PROGRAMS. 938208 1 1 0 0 0 0 0 0 0 1 0 1 0 0 1 0 1 1 0 0 0 0 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 30 27 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 1 0 0 0 MI X X DOUG SCHAFFER 6169278100 2755 E NAPIER AVE BENTON HARBOR MI 49022 TREVOR KUBATZKE DIRECTOR/COLLEGE PRESIDENT 0.25 39.75 X 0 258238 128155 KARLA PANKRATZ TREASURER STARTED 5.22.25/COLLEGE INTERM CFO 1.00 39.00 X X 0 105130 74396 KELLI HAHN TREASURER UNTIL 5.21.25 /COLLEGE CFO 1.00 39.00 X X 0 172795 107183 SCOTT GEIK DIRECTOR/VICE PRESIDENT 0.25 0.00 X X 0 0 0 DOUG SCHAFFER SECRETARY 39.00 1.00 X X 0 148612 82697 KELLY FERNEAU PRESIDENT 1.00 0.00 X X 0 0 0 RANDY BETTICH DIRECTOR 0.25 0.00 X 0 0 0 DAVID SCHAFFER DIRECTOR 0.25 0.00 X 0 0 0 ALLOYD BLACKMON DIRECTOR 0.25 0.00 X 0 0 0 AMY WHITE DIRECTOR 0.25 0.00 X 0 0 0 DAVID COSTAS DIRECTOR 0.25 0.00 X 0 0 0 CHAD WHITE DIRECTOR 0.25 0.00 X 0 0 0 BRIAN FRENCH DIRECTOR 0.25 0.00 X 0 0 0 CAROLYN HANSON DIRECTOR 0.25 0.00 X 0 0 0 MARY JO TOMASINI DIRECTOR 0.25 0.00 X 0 0 0 MICHAEL CARLSON DIRECTOR 0.25 0.00 X 0 0 0 VICKI BURGHDOFF DIRECTOR 0.25 0.00 X 0 0 0 PATSY HARTZELL DIRECTOR 0.25 0.00 X 0 0 0 TINA ACKERMAN VAUGHT DIRECTOR 0.25 0.00 X 0 0 0 ROBERT BURCH DIRECTOR 0.25 0.00 X 0 0 0 SCOTT DIENES DIRECTOR 0.25 0.00 X 0 0 0 SCOTT MCFARLAND DIRECTOR 0.25 0.00 X 0 0 0 STEVEN HADAWAY DIRECTOR 0.25 0.00 X 0 0 0 TIM PASSARO DIRECTOR 0.25 0.00 X 0 0 0 GLORIA ENDER DIRECTOR 0.25 0.00 X 0 0 0 JIM MAROHN DIRECTOR 0.25 0.00 X 0 0 0 LARS PETZKE DIRECTOR 0.25 0.00 X 0 0 0 BRETT CLOSSON DIRECTOR 0.25 0.00 X 0 0 0 TIM TATE DIRECTOR 0.25 0.00 X 0 0 0 JOAN SMITH DIRECTOR 0.25 0.00 X 0 0 0 MEGAN HENDRIX DIRECTOR 0.25 0.00 X 0 0 0 0 684775 392431 0 0 1 0 0 184565 700803 43033 885368 1027658 1027658 450850 163387 287463 287463 287463 103597 184565 157191 -53594 -53594 23500 11550 11950 11950 2158845 0 0 1273477 938208 938208 20975 20975 85922 85922 20840 507 20333 29 29 3444 3047 397 25862 5750 20112 6689 990 5699 2934 2934 1104903 938208 120125 46570 4657207 4213179 186713 137328 22032 22065 9681891 10006743 5916517 7695944 0 9178 20464360 22084437 2376 2376 39350 49550 1203649 1033817 1245375 1085743 X 1146049 1394875 18072936 19603819 19218985 20998694 20464360 22084437 1053942 725767 0 X X 0 1 X 1 0 X 361629 539948 1185944 3754660 885368 6727549 361629 539948 1185944 3754660 885368 6727549 3511399 3216150 233545 798175 842718 565883 1027658 3467979 12800 11430 136419 133989 127097 421735 10617263 0.30290 0.30750 X THE ORGANIZATION SOLICITS CHARITABLE CONTRIBUTIONS FROM ALL AVAILABLE SOURCES INCLUDING DIRECT SOLICITATION OF POTENTIAL DONORS. THE ORGANIZATION HAS SIGNIFICANT INVESTMENT INCOME WHICH MAKES PASSAGE OF THE PUBLIC SUPPORT TEST CHALLENGING. THE ORGANIZATION WILL CONTINUE TO SOLICIT FUNDS AND FIND NEW WAYS TO BROADEN ITS SUPPORT. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 17633572 91714 1861429 462839 19123876 13350748 3438180 1783835 939190 17633573 12160616 796233 1028281 634382 13350748 14497265 72596 -1834482 574763 12160616 11443438 76608 3366425 389206 14497265 0.00070 0.45750 0.54180 0 0 0 VANGUARD INSTITUTIONAL INDEX FUND 2133250 F AB LARGE CAP GROWTH-ADV 1862586 F BOSTON PARTNERS INV ALL CAP VAL INST 1205111 F VANGUARD MSCI EAFE ETF 1361912 F WCM FOCUSED INTERNATIONAL GROWTH FUND 1133085 F 7695944 RELATED PARTY PAYABLE - LAKE MICHIGAN COLLEGE 1033817 1033817 3470098 725767 502071 168741 1396579 2073519 85326 85326 2158845 1690389 502071 168741 670812 1019577 85326 85326 1104903 PART V, LINE 4: FOUNDATION ENDOWMENT FUNDS ARE USED TO PROVIDE OPERATIONAL, PROGRAM, AND SCHOLARSHIP SUPPORT FOR LMC. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 157,191. GAMING EXPENSES 11,550. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 157,191. GAMING EXPENSES 11,550. GOLF OUTING 46410 21560 24850 800 3992 21520 9728 227 AUCTION 241752 163005 78747 4118 33033 5000 78773 288162 184565 103597 800 3992 25638 42761 5000 79000 157191 -53594 23500 11500 50 1 1.00000 23500 11500 50 11550 11950 MI 1 0 0 0 1.00000 DOUG SCHAFFER 2755 EAST NAPIER AVE BENTON HARBOR MI 49022 0 DOUG SCHAFFER 0 RECORDKEEPER X 0 1 LAKE MICHIGAN COLLEGE 2755 E NAPIER AVE BENTON HARBOR MI 49022 381738980 501(C)(3) 938208 0 N/A N/A SUPPORT OF THE COLLEGE 1 0 PART I, LINE 2: THE FOUNDATION INFORMS THE COLLEGE OF AMOUNTS AVAILABLE FOR SCHOLARSHIPS. THE COLLEGE DIRECTS THE AWARDS TO INDIVIDUAL STUDENTS. THE SAME OCCURS WITH ANY DONOR-DESIGNATED CONTRIBUTIONS. THE FOUNDATION TELLS THE COLLEGE HOW THE FUNDS ARE TO BE EXPENDED AND THE COLLEGE MAKES SURE THE FUNDS ARE EXPENDED AS DIRECTED. 0 0 0 0 0 0 0 0 0 TREVOR KUBATZKE DIRECTOR/COLLEGE PRESIDENT 0 258238 0 0 0 0 0 64050 0 64105 0 386393 0 0 KELLI HAHN TREASURER UNTIL 5.21.25 /COLLEGE CFO 0 172795 0 0 0 0 0 62328 0 44855 0 279978 0 0 DOUG SCHAFFER SECRETARY 0 148612 0 0 0 0 0 21214 0 61483 0 231309 0 0 KARLA PANKRATZ TREASURER STARTED 5.22.25/COLLEGE IN 0 105130 0 0 0 0 0 15903 0 58493 0 179526 0 0 PART I, LINE 3 THREE DIRECTORS AND OFFICERS OF THE FOUNDATION BOARD ARE COMPENSATED BY LAKE MICHIGAN COLLEGE, A RELATED ORGANIZATION, FOR THE POSITIONS THEY HOLD AT THE COLLEGE. THEREFORE, NONE OF THE LINE 3 BOXES HAVE BEEN CHECKED. THE COLLEGE USES THE FOLLOWING METHODOLOGIES TO ESTABLISH THE COMPENSATION OF OFFICERS OF THE ORGANIZATION: COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. X 2 7900 DONOR VALUE X 1 1278 DONOR VALUE X AUCTION 49 33855 DONOR VALUE 0 1 1 PART I, LINE 32B: THE FOUNDATION USES THEIR PORTFOLIO MANAGERS TO LIQUIDATE STOCK DONATIONS. PART I, LINE 33: THE NUMBER LISTED IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION A, LINE 2 DIRECTORS DAVID SCHAFFER AND DOUG SCHAFFER HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 7A THE CHAIRMAN OF THE BOARD OF TRUSTEES FOR LAKE MICHIGAN COLLEGE HAS THE AUTHORITY TO APPOINT TWO DIRECTORS TO THE LAKE MICHIGAN COLLEGE FOUNDATION BOARD OF TRUSTEES ANNUALLY. FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETED 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND THEN IT WILL BE SENT TO THE FINANCE COMMITTEE AND EXECUTIVE COMMITTEE FOR REVIEW AND COMMENT. THE TAX RETURN IS THEN SENT TO ALL BOARD MEMBERS VIA EMAIL FOR REVIEW AND COMMENT. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM ANNUALLY. THE ORGANIZATION MONITORS ACTIVITIES AND IF A QUESTION OF CONFLICT ARISES, THE ORGANIZATION HAS A DISCUSSION WITH THE PERSON OF INTEREST TO DETERMINE IF THERE IS A CONFLICT AND WHAT APPROPRIATE ACTIONS SHOULD BE TAKEN. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. LAKE MICHIGAN COLLEGE 2755 E NAPIER AVE BENTON HARBOR MI 49022 381738980 EDUCATIONAL INSTITUTION MI 501(C)(3) LINE 2 N/A 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0