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Lake Technical College Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 200940772 ✦ Eustis, FL ✦ Designated as a 501(c)(3)

Overview

What is Lake Technical College Inc?

Lake Technical College Inc, a post-secondary technical institution based at 2001 Kurt Street, Eustis, Florida (FL, 32726), offers high-quality vocational and technical training opportunities for both high school and adult students. Its curriculum and programs cater to the needs and industry standards, fostering an individualized learning approach that allows students to progress based on their abilities. The college prides itself on accommodating students requiring assistance with special individualized accommodations and remediation being a standard practice. During the fiscal year ended June 30, 2022, the college served an average of 1,803 students. The mission of Lake Technical College Inc is to address the educational needs of the community by providing a range of excellent vocational and technical training programs. Currently, the organization employs a team of 74 individuals.


Official website here: www.laketech.org

Is Lake Technical College Inc legitimate?

Lake Technical College Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Technical College Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $200,375
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,711,481

For more financial information, click here


Official website here: www.laketech.org

What is the mission statement of Lake Technical College Inc?

Lake Technical College Inc is dedicated to catering to the educational needs of the community. They provide a range of high-quality vocational and technical training opportunities for both high school and adult students. The college functions as a post-secondary technical institution, offering curriculum and programs designed to align with industry standards. Instruction is largely individualized, enabling students to progress based on their abilities. Special accommodations and remediation are provided for students who require assistance. During the fiscal year ended June 30, 2022, the college served an average of 1,803 students.


Official website here: www.laketech.org

Who is the CEO of Lake Technical College Inc?

Richard D Keith is the Chairman Of The Board of Lake Technical College Inc.


Official website here: www.laketech.org

What is the revenue of Lake Technical College Inc?

Lake Technical College Inc's revenue in 2022 was $19,771,716.


Official website here: www.laketech.org

Who are the executives of Lake Technical College Inc and what are their salaries?

The average compensation at Lake Technical College Inc during 2022 was $79,890. There are 74 employees at Lake Technical College Inc.

Here are 13 key members and their salaries:

    Diane Culpepper (Executive Director)
  • Compensation: $95,406
  • Related: $0
  • Other: $24,402

    • Deanna Thomas (Executive Director)
  • Compensation: $59,907
  • Related: $0
  • Other: $20,660

    • Richard D Keith (Chairman Of The Board) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Isaac Deas Ii (Vice-President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lana Payne (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lorraine Foster (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dave Steele (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ca Vossberg (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Judy Beda (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mickey Gauldin (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tim Morris (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gerald Cobb (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chuck Broadway (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.laketech.org

    Where can I find the form 990 for Lake Technical College Inc?

    The Lake Technical College Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.laketech.org

    Learn more at the official website: www.laketech.org

    Mission Statement of Lake Technical College Inc

    Lake Technical College Inc, a post-secondary technical institution, is dedicated to addressing the educational needs of the community by providing a range of high-quality vocational and technical training opportunities for both high school and adult students. The college's mission is geared towards empowering students to progress based on their abilities, with instruction that is largely individualized. This approach allows students to excel at their own pace.

    Moreover, Lake Technical College Inc goes the extra mile in accommodating students who require special assistance. Individualized special accommodations and remediation are standard practices at the college, ensuring that every student receives the support they need to succeed. The curriculum and program design at the college reflect the industry standards and needs, ensuring that students acquire the skills necessary to thrive in their chosen fields.

    During the fiscal year ended June 30, 2022, the college served an average of 1,803 students. These students benefited from the college's commitment to providing high-quality education that meets the demands of the respective industry. Lake Technical College Inc's mission is to make a positive impact on the lives of its students by equipping them with the skills and knowledge they need to succeed in their chosen careers.

    Impact

    This information is meant to be a general summary of Lake Technical College Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Lake Technical College Inc plays a critical role in meeting the educational needs of the community by offering career-technical training opportunities. The institution's curriculum and program design align closely with the needs and standards of various industries, ensuring that students receive relevant and practical training. Through individualized instruction, students can progress at their own pace based on their abilities, with special accommodation and remediation provided as needed.

    In the fiscal year ended June 30, 2022, Lake Technical College Inc served an average of 1,803 students, both high school and adult learners. By providing high-quality vocational and technical training opportunities, the college equips students with the skills and knowledge necessary to succeed in their chosen fields. This directly contributes to the local workforce by producing skilled professionals who are ready to meet the demands of the job market.

    Overall, Lake Technical College Inc's impact is evident in the empowerment of individuals through education, the enhancement of the community's workforce, and the promotion of economic development in Eustis, FL, and beyond.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $-8,731
  • Program Service Revenue: $9,808,473
  • Gross Receipts: $19,910,758

    • Assets and Liabilities:
  • Total Assets: $23,861,237
  • Total Liabilities: $7,147,698
  • Net Assets: $16,713,539
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    WORKFORCE DEVELOPMENT

    Revenue

    $4,755,613

    TUITION AND OTHER FEES

    Revenue

    $3,241,753

    SCHOLARSHIPS

    Revenue

    $1,107,080

    PERFORMANCE BASED INCENTIVES

    Revenue

    $374,000

    CUSTOMER SERVICE FEES

    Revenue

    $189,818

    Organization Details

    Founding Year

    2004

    Principal Officer

    Richard D Keith

    Main Address

    2001 KURT STREET, EUSTIS, FL, 32726

    NTEE Category

    Code: B29 - Education

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