Nonprofit · EIN 46-4259420
LAKELAND AREA SCHOLARSHIP FUND INC
Tax-exempt · MINOCQUA, WI 54548
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $147,733 | $118,133 | $29,600 | $2,028,683 | $60,000 | $1,968,683 |
| December 31, 2024 | 990 | $125,766 | $105,983 | $19,783 | $1,852,893 | $50,725 | $1,802,168 |
| December 31, 2023 | 990 | $91,733 | $126,800 | -$35,067 | $1,771,241 | $30,950 | $1,740,291 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $70,000
- Program service revenue
- $0
- Investment income
- $77,733
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $99,225
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,259
- Program services (functional)
- $116,027
- Management and general (functional)
- $2,106
Balance sheet and other
- Total assets, start of year
- $1,852,893
- Total assets, end of year
- $2,028,683
- Total liabilities, end of year
- $60,000
- Net assets, end of year
- $1,968,683
- Publicly traded securities
- $1,990,750
- Gross receipts
- $147,733
- Employees
- 0
- Volunteers
- 10
- Year formed
- 2013
- State of legal domicile
- WI
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREGG WALKER | PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| PETER NOMM | TREASURER Trustee or director, Officer | 0.5 | $0 |
| JANEL PAGELS | DIRECTOR Trustee or director | 0.5 | $0 |
| MARY HERRICK | DIRECTOR Trustee or director | 0.5 | $0 |
| ROBERT SMUDDE | DIRECTOR Trustee or director | 0.5 | $0 |
| KIM WIDMER | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| KATIE REIN | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREGG WALKER | PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| PETER NOMM | TREASURER Trustee or director, Officer | 0.5 | $0 |
| JANEL PAGELS | DIRECTOR Trustee or director | 0.5 | $0 |
| MARY HERRICK | DIRECTOR Trustee or director | 0.5 | $0 |
| ROBERT SMUDDE | DIRECTOR Trustee or director | 0.5 | $0 |
| KIM WIDMER | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| KATIE REIN | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREGG WALKER | PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| PETER NOMM | TREASURER Trustee or director, Officer | 0.5 | $0 |
| JANEL PAGELS | DIRECTOR Trustee or director | 0.5 | $0 |
| MARY HERRICK | DIRECTOR Trustee or director | 0.5 | $0 |
| ROBERT SMUDDE | DIRECTOR Trustee or director | 0.5 | $0 |
| KIM WIDMER | SECRETARY Trustee or director, Officer | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 227, MINOCQUA, WI 54548-0227
- In care of
- % TERRI HOWARD
- Principal officer (990 for 2025)
- GREGG WALKER, PO BOX 227, MINOCQUA, WI 54548
- Signed the 990
- GREGG WALKER, PRESIDENT
- Phone
- (715) 892-1764
- Return prepared by
- PETERSON METZ LTD
Mission
RAISE FUNDS TO AWARD ACADEMIC SCHOLARSHIPS TO STUDENTS ENROLLED IN LAKELAND AREA SCHOOLS AT THE TIME OF THEIR GRADUATION.
Program accomplishments
- DURING THE PAST YEAR SCHOLARSHIPS WERE GIVEN TO LOCAL HIGH SCHOOL SENIORS TO PURSUE FURTHER EDUCATION AND SCHOLARSHIPS WERE GIVEN TO COLLEGE STUDENTS BEYOND THEIR FRESHMAN YEAR TO FURTHER THEIR EDUCATION. THEY CAN ATTEND COLLEGES, UNIVERSITIES, TECH SCHOOLS AND COMMUNITY COLLEGES. THE AWARD SIZE IS DETERMINED BY A COMMITTEE OF INDIVIDUALS THAT ARE NOT RELATED TO THE RECIPIENTS.Expenses $116,027 · grants $99,225
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-4259420
- 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
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $2,028,683
- Income (IRS master file)
- $147,733
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $147,733 | $118,133 | $2,028,683 | XML |
| 990 | December 2024 | $125,766 | $105,983 | $1,852,893 | XML |
| 990 | December 2023 | $91,733 | $126,800 | $1,771,241 | XML |
| 990 | December 2022 | $60,305 | $103,904 | $1,711,027 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 46-4259420).
Questions about LAKELAND AREA SCHOLARSHIP FUND INC
- What is the EIN of LAKELAND AREA SCHOLARSHIP FUND INC?
- The employer identification number (EIN) of LAKELAND AREA SCHOLARSHIP FUND INC is 46-4259420.
- Is LAKELAND AREA SCHOLARSHIP FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to LAKELAND AREA SCHOLARSHIP FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LAKELAND AREA SCHOLARSHIP FUND 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 LAKELAND AREA SCHOLARSHIP FUND INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAKELAND AREA SCHOLARSHIP FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of LAKELAND AREA SCHOLARSHIP FUND INC?
- The 990 for the year ended December 31, 2025 names GREGG WALKER.
- Who are the officers and directors of LAKELAND AREA SCHOLARSHIP FUND INC?
- The 990 for the year ended December 31, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does LAKELAND AREA SCHOLARSHIP FUND INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $147,733, expenses of $118,133 and total assets of $2,028,683 at year end.
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