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Nonprofit · EIN 36-3257072

LAKE SUPERIOR COLLEGE FOUNDATION INC

Tax-exempt · DULUTH, MN 55811

Financials

$390K$482K2022$580K$623K2023$649K$496K2024
Revenue Expenses · by fiscal year end
Financials of LAKE SUPERIOR COLLEGE FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$649,455$495,566$153,889$2,280,135$14,958$2,265,177
June 30, 2024990$579,900$623,491-$43,591$2,107,008$573$2,106,435
June 30, 2023990$389,549$482,487-$92,938$1,942,328$0$1,942,328
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$425,665
Program service revenue
$0
Investment income
$223,790
Net gain from sales of assets
$164,444
Other revenue
$0

Expenses

Grants and similar amounts paid
$435,899
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$435,899
Management and general (functional)
$59,667

Balance sheet and other

Total assets, start of year
$2,107,008
Total assets, end of year
$2,280,135
Total liabilities, end of year
$14,958
Net assets, end of year
$2,265,177
Publicly traded securities
$2,101,462
Net assets without donor restrictions
$280,789
Net assets with donor restrictions
$1,984,388
Gross receipts
$1,528,132
Employees
0
Year formed
1980
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.

NameTitleHours / weekCompensation
MICHAEL WATTERSCHAIR
Trustee or director, Officer
1$0
BRIAN FORCIERVICE CHAIR
Trustee or director, Officer
1$0
CARL CRAWFORDPAST CHAIR
Trustee or director, Officer
1$0
JON BIRKLANDTREASURER
Trustee or director, Officer
1$0
AUTUMN JOHNSONSECRETARY
Trustee or director, Officer
1$0
RICK FLAHERTYDIRECTOR
Trustee or director
1$0
THERESA HANNUDIRECTOR
Trustee or director
1$0
TRAVIS JOHNSONDIRECTOR
Trustee or director
1$0
VANCE OKSTADDIRECTOR
Trustee or director
1$0
VINOD GUPTADIRECTOR
Trustee or director
1$0
DAVID KLINEEXECUTIVE DI
Officer
40$0
990 for the year ended June 30, 2024: 11 people
NameTitleHours / weekCompensation
MICHAEL WATTERSCHAIR
Trustee or director, Officer
2$0
LEANN LITTLEWOLFVICE CHAIR
Trustee or director, Officer
2$0
CARL CRAWFORDPAST CHAIR
Trustee or director, Officer
2$0
AUTUMN JOHNSONSECRETARY
Trustee or director
2$0
BRIAN FORCIERDIRECTOR
Trustee or director
2$0
JON BIRKLANDDIRECTOR
Trustee or director
2$0
RICK FLAHERTYDIRECTOR
Trustee or director
2$0
THERESA HANNUDIRECTOR
Trustee or director
2$0
TRAVIS JOHNSONDIRECTOR
Trustee or director
2$0
VANCE OKSTADDIRECTOR
Trustee or director
2$0
DAVID KLINEEXECUTIVE DI
Officer
40$0
990 for the year ended June 30, 2023: 12 people
NameTitleHours / weekCompensation
MICHAEL WATTERSCHAIR
Trustee or director, Officer
2$0
LEANN LITTLEWOLFVICE CHAIR
Trustee or director, Officer
2$0
CARL CRAWFORDPAST CHAIR
Trustee or director, Officer
2$0
BRIAN FORCIERTREASURER
Trustee or director
2$0
AUTUMN JOHNSONSECRETARY
Trustee or director
2$0
JON BIRKLANDDIRECTOR
Trustee or director
2$0
RICK FLAHERTYDIRECTOR
Trustee or director
2$0
ELLEN OAKSDIRECTOR
Trustee or director
2$0
THERESA HANNUDIRECTOR
Trustee or director
2$0
TRAVIS JOHNSONDIRECTOR
Trustee or director
2$0
VANCE OKSTADDIRECTOR
Trustee or director
2$0
DAVID KLINEEXECUTIVE DI
Officer
40$0

Address and contacts

Address (IRS master file)
2101 TRINITY RD, DULUTH, MN 55811-3349
Principal officer (990 for 2024)
DAVID KLINE, 2101 TRINITY ROAD, DULUTH, MN 55811
Signed the 990
DAVID KLINE, EXECUTIVE DIRECTOR
Phone
(218) 733-7707
Return prepared by
ESTERBROOKS CPAS LTD

Mission

PROVIDE FINANCIAL SUPPORT TO PROMOTE THE EDUCATIONAL, CULTURAL, SCIENTIFIC, AND CHARITABLE ACTIVITIES OF LAKE SUPERIOR COLLEGE DULUTH, MN.

990 for the year ended June 30, 2025

Program accomplishments

  • PROVIDE SCHOLARSHIPS TO LAKE SUPERIOR COLLEGE STUDENTS AND OTHER PROGRAM SUPPORT TO THE COLLEGE
    Expenses $435,899 · grants $435,899

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
36-3257072
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
1984
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,280,135
Income (IRS master file)
$1,528,132

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$649,455$495,566$2,280,135IRS
990June 2024$579,900$623,491$2,107,008IRS
990June 2023$389,549$482,487$1,942,328XML
990June 2022$1,136,101$390,916$1,963,501IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 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 36-3257072).

Questions about LAKE SUPERIOR COLLEGE FOUNDATION INC

What is the EIN of LAKE SUPERIOR COLLEGE FOUNDATION INC?
The employer identification number (EIN) of LAKE SUPERIOR COLLEGE FOUNDATION INC is 36-3257072.
Is LAKE SUPERIOR COLLEGE FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
Are donations to LAKE SUPERIOR COLLEGE FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LAKE SUPERIOR COLLEGE FOUNDATION 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 SUPERIOR COLLEGE FOUNDATION 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 SUPERIOR COLLEGE FOUNDATION 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 SUPERIOR COLLEGE FOUNDATION INC?
The 990 for the year ended June 30, 2025 names DAVID KLINE.
Who are the officers and directors of LAKE SUPERIOR COLLEGE FOUNDATION INC?
The 990 for the year ended June 30, 2025 lists 11 people; 0 received compensation from the organization.
How much revenue does LAKE SUPERIOR COLLEGE FOUNDATION INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $649,455, expenses of $495,566 and total assets of $2,280,135 at year end.

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