Nonprofit · EIN 23-7007111
CENTRAL LAKES COLLEGE FOUNDATION
Tax-exempt · BRAINERD, MN 56401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,669,250 | $3,011,679 | $657,571 | $15,698,314 | $1,192,152 | $14,506,162 |
| June 30, 2024 | 990 | $3,002,200 | $2,596,566 | $405,634 | $14,403,531 | $1,497,383 | $12,906,148 |
| June 30, 2023 | 990 | $2,652,455 | $2,754,138 | -$101,683 | $12,795,464 | $1,311,635 | $11,483,829 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,576,339
- Program service revenue
- $637,668
- Investment income
- $427,650
- Net gain from sales of assets
- $136,438
- Net income from fundraising events
- -$4,170
- Net income from gaming
- -$2,966
- Other revenue
- $27,593
Expenses
- Grants and similar amounts paid
- $2,379,874
- Other salaries and wages
- $66,627
- Salaries, compensation and benefits (total)
- $73,747
- Professional fundraising fees
- $0
- Accounting fees
- $50,036
- Occupancy
- $106,324
- Travel
- $913
- Depreciation
- $78,782
- Program services (functional)
- $2,876,242
- Management and general (functional)
- $128,263
- Fundraising (functional)
- $7,174
Balance sheet and other
- Total assets, start of year
- $14,403,531
- Total assets, end of year
- $15,698,314
- Total liabilities, end of year
- $1,192,152
- Net assets, end of year
- $14,506,162
- Land, buildings and equipment
- $2,369,117
- Publicly traded securities
- $12,522,797
- Net assets without donor restrictions
- $1,697,343
- Net assets with donor restrictions
- $12,808,819
- Gross receipts
- $4,010,089
- Employees
- 0
- Volunteers
- 50
- Year formed
- 1968
- State of legal domicile
- MN
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 |
|---|---|---|---|
| BRAD CHAPULIS | PRESIDENT Trustee or director, Officer | 2 | $0 |
| MIKE BJERKNESS | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| LISA WIGAND | TREASURER (THROUGH 12/31/2024) Trustee or director, Officer | 2 | $0 |
| JODI HYATT | TREASURER (STARTING 01/01/2025) Trustee or director, Officer | 2 | $0 |
| BARBARA ANDERSON | SECRETARY (THROUGH 12/31/2024) Trustee or director, Officer | 2 | $0 |
| NATHAN HAMILTON | SECRETARY (STARTING 01/01/2025) Trustee or director, Officer | 1 | $0 |
| HARA CHARLIER | EX-OFFICIO Trustee or director | 1 | $0 |
| JENNIFER BERGMAN | DIRECTOR Trustee or director | 1 | $0 |
| BETH GRUBER | DIRECTOR Trustee or director | 1 | $0 |
| KATIE HEPPNER | DIRECTOR Trustee or director | 1 | $0 |
| ROBB KOLODZIEJ | DIRECTOR Trustee or director | 1 | $0 |
| JOHN OHLIN | DIRECTOR Trustee or director | 1 | $0 |
| MATT SUNDQUIST | DIRECTOR Trustee or director | 1 | $0 |
| STEVE WENZEL | DIRECTOR Trustee or director | 1 | $0 |
| JENNIFER BERGMAN | DIRECTOR (THROUGH 12/31/2024) Trustee or director | 1 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BYRON NINHAM | DIRECTOR Trustee or director | 1 | $0 |
| MICHELE BERGER | DIRECTOR Trustee or director | 1 | $0 |
| JON AGA | EXECUTIVE DIRECTOR Officer | 40 | $0 |
| KATE ADORNETTO | EXECUTIVE DIRECTOR (THROUGH 8/31/2024) Officer | 40 | $0 |
990 for the year ended June 30, 2024: 18 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KATE ADORNETTO | FORMER EXECUTIVE DIRECTOR Officer | 40 | $0 | $97,189 | $35,706 |
| JON AGA | EXECUTIVE DIRECTOR Officer | 40 | $0 | $0 | $0 |
| BRAD CHAPULIS | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 | $0 |
| MIKE BJERKNESS | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 | $0 |
| LISA WIGAND | TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| BARBARA ANDERSON | SECRETARY Trustee or director, Officer | 2 | $0 | $0 | $0 |
| JIM BENSON | PAST PRESIDENT Trustee or director | 1 | $0 | $0 | $0 |
| HARA CHARLIER | EX-OFFICIO Trustee or director | 1 | $0 | $0 | $0 |
| NATHAN HAMILTON | PAST PRESIDENT Trustee or director | 1 | $0 | $0 | $0 |
| JENNIFER BERGMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MERRICK DRESNIN THRU 1123 | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BETH GRUBER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KATIE HEPPNER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROBB KOLODZIEJ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOHN OHLIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BRAD PERSON THRU 1123 | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MATT SUNDQUIST | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| STEVE WENZEL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 17 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KATE ADORNETTO | EXECUTIVE DIRECTOR Officer | 40 | $0 | $92,555 | $29,553 |
| JIM BENSON | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 | $0 |
| BRAD CHAPULIS | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 | $0 |
| LISA WIGAND | TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| BARBARA ANDERSON | SECRETARY Trustee or director, Officer | 2 | $0 | $0 | $0 |
| NATHAN HAMILTON | PAST CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| HARA CHARLIER | EX-OFFICIO Trustee or director | 1 | $0 | $0 | $0 |
| MIKE BJERKNESS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BETH GRUBER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KATIE HEPPNER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MERRICK DRESNIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROBB KOLODZIEJ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOHN OHLIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BRAD PERSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MATT SUNDQUIST | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| STEVE WENZEL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| VAL KNUDSEN THRU 1122 | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 501 W COLLEGE DR, BRAINERD, MN 56401-3904
- Principal officer (990 for 2024)
- JONATHAN AGA, 501 WEST COLLEGE DRIVE, BRAINERD, MN 56401
- Signed the 990
- JODI HYATT, BOARD TREASURER
- Phone
- (218) 855-8129
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
TO PROMOTE CLC STUDENT SUCCESS BY ADDRESSING FINANCIAL BARRIERS TO PURSUING HIGHER EDUCATION - THROUGH SCHOLARSHIPS, STRONG ALUMNI AND DONOR RELATIONSHIPS, AFFORDABLE STUDENT HOUSING, AND OTHER APPROPRIATE ASSISTANCE.
Program accomplishments
- DONATIONS INCLUDING IN-KIND FOR PROJECTS AND PROGRAMS PAID FOR ON BEHALF OF CENTRAL LAKES COLLEGE TO ENHANCE STUDENT AND COMMUNITY LEARNING EXPERIENCES.Expenses $1,994,118 · grants $1,994,118
- STUDENT HOUSING PROVIDED TO STUDENTS ENROLLED AT CENTRAL LAKES COLLEGE.Expenses $472,506 · revenue $637,668
- SCHOLARSHIPS AWARDED TO STUDENTS ATTENDING CENTRAL LAKES COLLEGE ENROLLED IN SIX OR MORE CREDITS FALL AND SPRING SEMESTER.Expenses $409,618 · grants $385,756
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
- 23-7007111
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1968
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $15,698,314
- Income (IRS master file)
- $4,010,089
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $3,669,250 | $3,011,679 | $15,698,314 | XML |
| 990 | June 2024 | $3,002,200 | $2,596,566 | $14,403,531 | XML |
| 990 | June 2023 | $2,652,455 | $2,754,138 | $12,795,464 | XML |
| 990 | June 2022 | $3,188,442 | $1,916,730 | $11,958,499 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 23-7007111).
Questions about CENTRAL LAKES COLLEGE FOUNDATION
- What is the EIN of CENTRAL LAKES COLLEGE FOUNDATION?
- The employer identification number (EIN) of CENTRAL LAKES COLLEGE FOUNDATION is 23-7007111.
- Is CENTRAL LAKES COLLEGE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1968.
- Are donations to CENTRAL LAKES COLLEGE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CENTRAL LAKES COLLEGE FOUNDATION 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 CENTRAL LAKES COLLEGE FOUNDATION 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 CENTRAL LAKES COLLEGE FOUNDATION 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 CENTRAL LAKES COLLEGE FOUNDATION?
- The 990 for the year ended June 30, 2025 names JONATHAN AGA.
- Who are the officers and directors of CENTRAL LAKES COLLEGE FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 19 people; 0 received compensation from the organization.
- How much revenue does CENTRAL LAKES COLLEGE FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,669,250, expenses of $3,011,679 and total assets of $15,698,314 at year end.
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