Nonprofit · EIN 38-2714753
LAKE MICHIGAN COLLEGE FOUNDATION
Tax-exempt · BENTON HARBOR, MI 49022
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,158,845 | $1,104,903 | $1,053,942 | $22,084,437 | $1,085,743 | $20,998,694 |
| June 30, 2024 | 990 (amended) | $4,935,176 | $1,466,353 | $3,468,823 | $20,464,360 | $1,245,375 | $19,218,985 |
| June 30, 2023 | 990 | $1,656,707 | $1,702,782 | -$46,075 | $15,916,522 | $943,642 | $14,972,880 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $885,368
- Program service revenue
- $0
- Investment income
- $1,315,121
- Net gain from sales of assets
- $287,463
- Net income from fundraising events
- -$53,594
- Net income from gaming
- $11,950
- Other revenue
- -$41,644
Expenses
- Grants and similar amounts paid
- $938,208
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $20,975
- Program services (functional)
- $938,208
- Management and general (functional)
- $120,125
- Fundraising (functional)
- $46,570
Balance sheet and other
- Total assets, start of year
- $20,464,360
- Total assets, end of year
- $22,084,437
- Total liabilities, end of year
- $1,085,743
- Net assets, end of year
- $20,998,694
- Publicly traded securities
- $10,006,743
- Net assets without donor restrictions
- $1,394,875
- Net assets with donor restrictions
- $19,603,819
- Gross receipts
- $2,490,973
- Employees
- 0
- Volunteers
- 44
- Year formed
- 1986
- State of legal domicile
- MI
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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TREVOR KUBATZKE | DIRECTOR/COLLEGE PRESIDENT Trustee or director | 0.25 | $0 | $258,238 | $128,155 |
| KELLI HAHN | TREASURER UNTIL 5.21.25 /COLLEGE CFO Trustee or director, Officer | 1 | $0 | $172,795 | $107,183 |
| DOUG SCHAFFER | SECRETARY Trustee or director, Officer | 39 | $0 | $148,612 | $82,697 |
| KARLA PANKRATZ | TREASURER STARTED 5.22.25/COLLEGE INTERM CFO Trustee or director, Officer | 1 | $0 | $105,130 | $74,396 |
| SCOTT GEIK | DIRECTOR/VICE PRESIDENT Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| KELLY FERNEAU | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RANDY BETTICH | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| DAVID SCHAFFER | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| ALLOYD BLACKMON | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| AMY WHITE | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| DAVID COSTAS | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| CHAD WHITE | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| BRIAN FRENCH | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| CAROLYN HANSON | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| MARY JO TOMASINI | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
16 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL CARLSON | DIRECTOR Trustee or director | 0.25 | $0 |
| VICKI BURGHDOFF | DIRECTOR Trustee or director | 0.25 | $0 |
| PATSY HARTZELL | DIRECTOR Trustee or director | 0.25 | $0 |
| TINA ACKERMAN VAUGHT | DIRECTOR Trustee or director | 0.25 | $0 |
| ROBERT BURCH | DIRECTOR Trustee or director | 0.25 | $0 |
| SCOTT DIENES | DIRECTOR Trustee or director | 0.25 | $0 |
| SCOTT MCFARLAND | DIRECTOR Trustee or director | 0.25 | $0 |
| STEVEN HADAWAY | DIRECTOR Trustee or director | 0.25 | $0 |
| TIM PASSARO | DIRECTOR Trustee or director | 0.25 | $0 |
| GLORIA ENDER | DIRECTOR Trustee or director | 0.25 | $0 |
| JIM MAROHN | DIRECTOR Trustee or director | 0.25 | $0 |
| LARS PETZKE | DIRECTOR Trustee or director | 0.25 | $0 |
| BRETT CLOSSON | DIRECTOR Trustee or director | 0.25 | $0 |
| TIM TATE | DIRECTOR Trustee or director | 0.25 | $0 |
| JOAN SMITH | DIRECTOR Trustee or director | 0.25 | $0 |
| MEGAN HENDRIX | DIRECTOR Trustee or director | 0.25 | $0 |
990 for the year ended June 30, 2024: 30 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TREVOR KUBATZKE | DIRECTOR/COLLEGE PRESIDENT Trustee or director | 0.25 | $0 | $253,532 | $139,540 |
| KELLI HAHN | TREASURER/COLLEGE CFO Trustee or director, Officer | 1 | $0 | $169,556 | $104,002 |
| DOUG SCHAFFER | SECRETARY Trustee or director, Officer | 39 | $0 | $146,032 | $90,873 |
| RANDY BETTICH | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| KELLY FERNEAU | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DAVID SCHAFFER | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| ALLOYD BLACKMON | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| AMY WHITE | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| DAVID COSTAS | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| DEB O'CONNOR | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| JOHN JANICK | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| CAROLYN HANSON | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| MARY JO TOMASINI | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| MICHAEL CARLSON | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| VICKI BURGHDOFF | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| PATSY HARTZELL | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| TINA ACKERMAN VAUGHT | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| ROBERT BURCH | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| SCOTT DIENES | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| SCOTT GEIK | DIRECTOR/VICE PRESIDENT Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| SCOTT MCFARLAND | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| STEVEN HADAWAY | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| TIM PASSARO | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| GLORIA ENDER | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| JIM MAROHN | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| LARS PETZKE | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| BRETT CLOSSON | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| TIM TATE | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| JOHN GROVER | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| MEGAN HENDRIX | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 31 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TREVOR KUBATZKE | DIRECTOR/COLLEGE PRESIDENT Trustee or director | 0.25 | $0 | $251,990 | $70,678 |
| KELLI HAHN | TREASURER/COLLEGE CFO Trustee or director, Officer | 1 | $0 | $170,563 | $56,862 |
| DOUG SCHAFFER | SECRETARY Trustee or director, Officer | 39 | $0 | $144,567 | $50,480 |
| RANDY BETTICH | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KELLY FERNEAU | DIRECTOR/VICE PRESIDENT Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| DAVID SCHAFFER | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| ALLOYD BLACKMON | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| AMY WHITE | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| CRAIG ERIKSON | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| DEB O'CONNOR | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| JOHN JANICK | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| CAROLYN HANSON | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| MARY JO TOMASINI | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| MICHAEL CARLSON | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| VICKI BURGHDOFF | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| PATSY HARTZELL | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| TINA ACKERMAN VAUGHT | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| ROBERT BURCH | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| SCOTT DIENES | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| SCOTT GEIK | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| SCOTT MCFARLAND | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| STEVEN HADAWAY | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| TIM PASSARO | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| GLORIA ENDER | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| JIM MAROHN | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| JOHN BRINKER | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| KEVIN MILLER | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| TIM TATE | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| JOHN GROVER | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| MEGAN HENDRIX | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| JEFF CURRY | DIRECTOR - PART YEAR Trustee or director | 0.25 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2755 E NAPIER AVE, BENTON HARBOR, MI 49022-1881
- Principal officer (990 for 2024)
- KARLA PANKRATZ, 2755 EAST NAPIER AVENUE, BENTON HARBOR, MI 49022
- Signed the 990
- KARLA PANKRATZ, TREASURER
- Phone
- (616) 927-8100
- Return prepared by
- PLANTE & MORAN PLLC
Mission
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.
Program accomplishments
- 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.Expenses $938,208 · grants $938,208
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
- 38-2714753
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1987
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $22,084,437
- Income (IRS master file)
- $2,490,973
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,158,845 | $1,104,903 | $22,084,437 | XML |
| 990 | June 2024 | $4,935,176 | $1,466,353 | $20,464,360 | XML |
| 990 | June 2023 | $1,656,707 | $1,702,782 | $15,916,522 | XML |
| 990 | June 2022 | $2,877,330 | $868,454 | $15,632,753 | 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 38-2714753).
Questions about LAKE MICHIGAN COLLEGE FOUNDATION
- What is the EIN of LAKE MICHIGAN COLLEGE FOUNDATION?
- The employer identification number (EIN) of LAKE MICHIGAN COLLEGE FOUNDATION is 38-2714753.
- Is LAKE MICHIGAN COLLEGE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to LAKE MICHIGAN COLLEGE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LAKE MICHIGAN 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 LAKE MICHIGAN 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 LAKE MICHIGAN 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 LAKE MICHIGAN COLLEGE FOUNDATION?
- The 990 for the year ended June 30, 2025 names KARLA PANKRATZ.
- Who are the officers and directors of LAKE MICHIGAN COLLEGE FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 31 people; 0 received compensation from the organization.
- How much revenue does LAKE MICHIGAN COLLEGE FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,158,845, expenses of $1,104,903 and total assets of $22,084,437 at year end.
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