LAKE MICHIGAN COLLEGE FOUNDATION Charity Report

Public IRS 990 nonprofit record

LAKE MICHIGAN COLLEGE FOUNDATION

EIN 38-2714753

What they do

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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $84.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders31 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

43.46%of revenue went to mission work84.9% of expenses · Program services

2.16%of revenue went to fundraising4.2% of expenses

$51.18spent for every $100 of revenueRevenue covered expenses this year.

5.56%of revenue went to management and office costs10.9% of expenses

$19.99in assets for every $1 spent this yearSome assets cannot be spent right away.

41.0%of its money came from giftsOther money may come from services or investments.

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Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $128,155 for TREVOR KUBATZKE (DIRECTOR/COLLEGE PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$2,158,845

Mission workProgram services$938,20843.46% of revenue84.9% of expenses

ManagementOffice and general costs$120,1255.56% of revenue10.9% of expenses

FundraisingAsking for donations$46,5702.16% of revenue4.2% of expenses

Revenue left after expensesReported annual surplus$1,053,94248.82% of revenueShown in gray on the chart

Total expenses$1,104,90351.18% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 84.9% mission · 10.9% management · 4.2% fundraisingTotal expenses: 51.18% of revenue

2023Expense mix: 88.1% mission · 6.9% management · 5.0% fundraisingTotal expenses: 29.71% of revenue

2022Expense mix: 89.4% mission · 6.0% management · 4.6% fundraisingTotal expenses: 102.78% of revenue

2021Expense mix: 82.6% mission · 16.3% management · 1.1% fundraisingTotal expenses: 30.18% of revenue

2020Expense mix: 87.0% mission · 11.7% management · 1.3% fundraisingTotal expenses: 88.96% of revenue

2019Expense mix: 96.9% mission · 3.1% management · 0.0% fundraisingTotal expenses: 375.36% of revenue

2018Expense mix: 88.7% mission · 11.3% management · 0.0% fundraisingTotal expenses: 33.68% of revenue

2017Expense mix: 96.9% mission · 3.1% management · 0.0% fundraisingTotal expenses: 269.19% of revenue

Money in and money out

Revenue$2,158,845

Expenses$1,104,903

Annual surplus $1,053,942 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$938,208 · 84.9% of expenses

Management and office costs$120,125 · 10.9% of expenses

Fundraising$46,570 · 4.2% of expenses

See all reported dollar amounts

Revenue$2,158,845

Expenses$1,104,903

Assets$22,084,437

Income$2,490,973

Contributions$885,368

Mission work (program services)$938,208

Fundraising$46,570

Grants given$11,387,735

Average grant$1,423,467

Management and general$120,125

Stocks and bonds$10,006,743

Accounting fees$20,975

Investing fees$85,922

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

TREVOR KUBATZKEDIRECTOR/COLLEGE PRESIDENT $128,155Base · Other $128,155

KELLI HAHNTREASURER UNTIL 5.21.25 /COLLEGE CFO · 1 hrs/week $107,183Base · Other $107,183

DOUG SCHAFFERSECRETARY · 39 hrs/week $82,697Base · Other $82,697

KARLA PANKRATZTREASURER STARTED 5.22.25/COLLEGE INTERM CFO · 1 hrs/week $74,396Base · Other $74,396

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (31)

TREVOR KUBATZKEDIRECTOR/COLLEGE PRESIDENT

KELLI HAHNTREASURER UNTIL 5.21.25 /COLLEGE CFO

DOUG SCHAFFERSECRETARY

KARLA PANKRATZTREASURER STARTED 5.22.25/COLLEGE INTERM CFO

MICHAEL CARLSONDIRECTOR

LARS PETZKEDIRECTOR

PATSY HARTZELLDIRECTOR

RANDY BETTICHDIRECTOR

ROBERT BURCHDIRECTOR

SCOTT DIENESDIRECTOR

SCOTT GEIKDIRECTOR/VICE PRESIDENT

SCOTT MCFARLANDDIRECTOR

STEVEN HADAWAYDIRECTOR

TIM PASSARODIRECTOR

TIM TATEDIRECTOR

TINA ACKERMAN VAUGHTDIRECTOR

VICKI BURGHDOFFDIRECTOR

MEGAN HENDRIXDIRECTOR

MARY JO TOMASINIDIRECTOR

ALLOYD BLACKMONDIRECTOR

KELLY FERNEAUPRESIDENT

JOAN SMITHDIRECTOR

JIM MAROHNDIRECTOR

GLORIA ENDERDIRECTOR

DAVID SCHAFFERDIRECTOR

DAVID COSTASDIRECTOR

CHAD WHITEDIRECTOR

CAROLYN HANSONDIRECTOR

BRIAN FRENCHDIRECTOR

BRETT CLOSSONDIRECTOR

AMY WHITEDIRECTOR

About this charity

Recognized since: January 1987
Location: 2755 E NAPIER AVE, BENTON HARBOR, MI 49022-1881
County: Berrien
In care of: KARLA PANKRATZ
Primary officer: KARLA PANKRATZ, TREASURER

How to reach them

WebsiteVisit the charity’s website Phone(616) 927-8100

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: PLANTE & MORAN PLLC
Grant-giving organization: Yes