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Nonprofit · EIN 45-5332078

LAKE TRUST CREDIT UNION FOUNDATION

Tax-exempt · BRIGHTON, MI 48114

Financials

$375K$180K2023$321K$261K2024
Revenue Expenses · by fiscal year end
Financials of LAKE TRUST CREDIT UNION FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$320,817$261,068$59,749$1,045,631$10,000$1,035,631
December 31, 2023990$375,055$180,336$194,719$981,382$5,500$975,882
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$258,633
Program service revenue
$0
Investment income
$7,576
Net income from fundraising events
-$17,111
Net income from gaming
$71,719
Other revenue
$54,608

Expenses

Grants and similar amounts paid
$240,065
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$240,210
Management and general (functional)
$20,858

Balance sheet and other

Total assets, start of year
$981,382
Total assets, end of year
$1,045,631
Total liabilities, end of year
$10,000
Net assets, end of year
$1,035,631
Net assets without donor restrictions
$987,758
Net assets with donor restrictions
$47,873
Gross receipts
$436,181
Employees
0
Year formed
2012
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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
DAVID SNODGRASSPRESIDENT
Trustee or director, Officer
0.5$0$1,002,892$46,357
THERESA DUBIELBOARD MEMBER
Trustee or director
0.5$0$271,158$21,213
BRANDALYNN WINCHESTER-MIDDLEBROOKTREASURER
Trustee or director, Officer
4$0$252,042$21,713
LINDA DOUGLASBOARD MEMBER
Trustee or director
0.5$0$200,328$36,399
RAYNOR ZILLGITTSECRETARY
Trustee or director, Officer
0.5$0$184,226$22,926
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
DAVID SNODGRASSBOARD OF DIRECTORS, PRESIDENT
Trustee or director, Officer
0.5$0$963,485$356,617
RAYNOR ZILLGITTBOARD OF DIRECTORS, SECRETARY
Trustee or director, Officer
0.5$0$263,358$31,806
THERESA DUBIELBOARD OF DIRECTORS
Trustee or director
0.5$0$227,774$20,851
BRANDALYNN WINCHESTER-MIDDLEBROOKBOARD OF DIRECTORS, TREASURER
Trustee or director, Officer
2$0$227,590$20,966
LINDA DOUGLASBOARD OF DIRECTORS
Trustee or director
0.5$0$194,047$33,517

Address and contacts

Address (IRS master file)
4605 S OLD US HIGHWAY 23, BRIGHTON, MI 48114-7521
In care of
% RAYNOR ZILLGITT
Principal officer (990 for 2024)
DAVID SNODGRASS, 4605 S OLD US HIGHWAY 23, BRIGHTON, MI 48114
Signed the 990
DAVID SNODGRASS, PRESIDENT
Phone
(888) 267-7200
Return prepared by
ALTRUIC ADVISORS CPAS

Mission

TO CREATE HEALTHY AND VIBRANT COMMUNITIES THROUGH EDUCATING, ENGAGING, AND GIVING IN THE AREAS OF ECONOMIC EMPOWERMENT AND COMMUNITY ENHANCEMENT.

990 for the year ended December 31, 2024

Program accomplishments

  • LAKE TRUST CREDIT UNION FOUNDATION IS A MICHIGAN NONPROFIT CORPORATION THAT WAS ESTABLISHED IN 2013 WITH A MISSION TO HELP BUILD AND SUSTAIN HEALTHY AND VIBRANT COMMUNITIES THROUGH PARTNERSHIPS, OUTREACH PROGRAMS, GRANTS, AND SUPPORT. THE FOUNDATION'S PRIORITIES ARE EMPOWERING ENTREPRENEURS, ENABLING YOUTH TO THRIVE, FOSTERING ECONOMIC EQUITY, SUPPORTING ATTAINABLE AND SECURE HOUSING, AND STRENGTHENING COMMUNITY RESILIENCE.
    Expenses $240,210 · grants $240,065

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
45-5332078
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
2012
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P800)
Assets (IRS master file)
$1,045,631
Income (IRS master file)
$436,181

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$320,817$261,068$1,045,631IRS
990December 2023$375,055$180,336$981,382XML
990December 2022$261,044$268,770$756,165IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 45-5332078).

Questions about LAKE TRUST CREDIT UNION FOUNDATION

What is the EIN of LAKE TRUST CREDIT UNION FOUNDATION?
The employer identification number (EIN) of LAKE TRUST CREDIT UNION FOUNDATION is 45-5332078.
Is LAKE TRUST CREDIT UNION FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
Are donations to LAKE TRUST CREDIT UNION FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LAKE TRUST CREDIT UNION 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 TRUST CREDIT UNION FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LAKE TRUST CREDIT UNION FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of LAKE TRUST CREDIT UNION FOUNDATION?
The 990 for the year ended December 31, 2024 names DAVID SNODGRASS.
Who are the officers and directors of LAKE TRUST CREDIT UNION FOUNDATION?
The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does LAKE TRUST CREDIT UNION FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $320,817, expenses of $261,068 and total assets of $1,045,631 at year end.

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