Nonprofit · EIN 20-0940772
LAKE TECHNICAL COLLEGE INC
Tax-exempt · EUSTIS, FL 32726
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $21,665,460 | $18,665,580 | $2,999,880 | $25,338,722 | $7,567,855 | $17,770,867 |
| June 30, 2024 | 990 | $22,121,907 | $23,869,810 | -$1,747,903 | $22,192,575 | $7,421,588 | $14,770,987 |
| June 30, 2023 | 990 | $14,791,873 | $14,658,635 | $133,238 | $23,323,054 | $6,804,164 | $16,518,890 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $3,693,706
- of which government grants
- $3,693,206
- Program service revenue
- $17,329,820
- Investment income
- $347,241
- Net income from sales of inventory
- $40,529
- Other revenue
- $294,693
Expenses
- Grants and similar amounts paid
- $2,502,807
- Compensation of officers, directors and key employees
- $176,883
- Other salaries and wages
- $5,165,840
- Salaries, compensation and benefits (total)
- $7,182,710
- Professional fundraising fees
- $0
- Accounting fees
- $40,500
- Occupancy
- $177,915
- Travel
- $49,850
- Depreciation
- $809,488
- Program services (functional)
- $16,216,401
- Management and general (functional)
- $2,449,179
Balance sheet and other
- Total assets, start of year
- $22,192,575
- Total assets, end of year
- $25,338,722
- Total liabilities, end of year
- $7,567,855
- Net assets, end of year
- $17,770,867
- Land, buildings and equipment
- $7,938,949
- Net assets without donor restrictions
- $14,440,658
- Net assets with donor restrictions
- $3,330,209
- Gross receipts
- $21,807,045
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2004
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DEANNA THOMAS | EXECUTIVE DIRECTOR Officer | 40 | $136,500 | $40,383 |
| MELISSA STEPHAN | DIRECTOR OF CURRICULUM & I Highest-paid employee | 40 | $110,250 | $34,637 |
| TONYA HEFLEY | DIRECTOR OF OPERATIONS Highest-paid employee | 40 | $110,250 | $34,637 |
| RICHARD D KEITH | CHAIRMAN OF THE BOARD Trustee or director, Officer | 0.5 | $0 | $0 |
| ISAAC DEAS II | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| LANA PAYNE | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| AMY DINELLA | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| CA VOSSBERG | VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 |
| BONNIE ONOFRE | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| MICKEY GAULDIN | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| TIM MORRIS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| GERALD COBB | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DEANNA THOMAS | EXECUTIVE DIRECTOR Officer | 40 | $136,000 | $37,765 |
| MELISSA STEPHAN | DIRECTOR OF CURRICULUM & INSTRUCTION Highest-paid employee | 40 | $105,000 | $40,245 |
| TONYA HEFLEY | DIRECTOR OF OPERATIONS Highest-paid employee | 40 | $105,000 | $23,307 |
| RICHARD D KEITH | CHAIRMAN OF THE BOARD Trustee or director, Officer | 0.5 | $0 | $0 |
| ISAAC DEAS II | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| LANA PAYNE | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| AMY DINELLA | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| CA VOSSBERG | VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 |
| BONNIE ONOFRE | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| MICKEY GAULDIN | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| TIM MORRIS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| GERALD COBB | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
990 for the year ended June 30, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DEANNA THOMAS | EXECUTIVE DIRECTOR Officer | 40 | $130,000 | $37,765 |
| RICHARD D KEITH | CHAIRMAN OF THE BOARD Trustee or director, Officer | 0.5 | $0 | $0 |
| ISAAC DEAS II | VICE-PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 |
| LANA PAYNE | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| LORRAINE FOSTER | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| DAVE STEELE | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| CA VOSSBERG | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| JUDY BEDA | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| MICKEY GAULDIN | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| TIM MORRIS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| GERALD COBB | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| CHUCK BROADWAY | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2001 KURT ST, EUSTIS, FL 32726-6164
- In care of
- % STEVE BOLT
- Principal officer (990 for 2024)
- RICHARD D KEITH, 2001 KURT STREET, EUSTIS, FL 32726
- Signed the 990
- RICHARD D KEITH, CHAIRMAN OF THE BOARD
- Phone
- (352) 589-2250
- Website
- WWW.LAKETECH.ORG
- Return prepared by
- BKHM PA
Mission
TO MEET THE EDUCATIONAL NEEDS OF THE COMMUNITY BY OFFERING A VARIETY OF HIGH QUALITY VOCATIONAL AND TECHNICAL TRAINING OPPORTUNITIES FOR HIGH SCHOOL AND ADULT STUDENTS. THE COLLEGE IS A POST SECONDARY TECHNICAL COLLEGE.
Program accomplishments
- CURRICULUM AND PROGRAM DESIGN REFLECT THE NEEDS AND STANDARDS OF THE RESPECTIVE INDUSTRY. INSTRUCTION IS LARGELY INDIVIDUALIZED, WHICH ALLOWS STUDENTS TO PROGRESS BASED ON THEIR ABILITIES. INDIVIDUALIZED SPECIAL ACCOMMODATION AND REMEDIATION IS A STANDARD PRACTICE FOR STUDENTS WHO REQUIRE ASSISTANCE. THE SCHOOL SERVED AN AVERAGE OF 2,260 STUDENTS DURING THE FISCAL YEAR ENDED JUNE 30, 2025.Expenses $16,216,401 · grants $2,502,807 · revenue $17,624,513
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 20-0940772
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2004
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $25,338,722
- Income (IRS master file)
- $21,807,045
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $21,665,460 | $18,665,580 | $25,338,722 | XML |
| 990 | June 2024 | $22,121,907 | $23,869,810 | $22,192,575 | IRS |
| 990 | June 2023 | $14,791,873 | $14,658,635 | $23,323,054 | XML |
| 990 | June 2022 | $19,771,716 | $13,632,049 | $23,861,237 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-0940772).
Questions about LAKE TECHNICAL COLLEGE INC
- What is the EIN of LAKE TECHNICAL COLLEGE INC?
- The employer identification number (EIN) of LAKE TECHNICAL COLLEGE INC is 20-0940772.
- Is LAKE TECHNICAL COLLEGE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to LAKE TECHNICAL COLLEGE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LAKE TECHNICAL COLLEGE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LAKE TECHNICAL COLLEGE INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAKE TECHNICAL COLLEGE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of LAKE TECHNICAL COLLEGE INC?
- The 990 for the year ended June 30, 2025 names RICHARD D KEITH.
- Who are the officers and directors of LAKE TECHNICAL COLLEGE INC?
- The 990 for the year ended June 30, 2025 lists 12 people; 3 received compensation from the organization, the highest $136,500 (DEANNA THOMAS, EXECUTIVE DIRECTOR).
- How much revenue does LAKE TECHNICAL COLLEGE INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $21,665,460, expenses of $18,665,580 and total assets of $25,338,722 at year end.
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