Central Lakes College Foundation

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

EIN: 237007111 ✦ Brainerd, MN ✦ Designated as a 501(c)(3)

Overview

What is Central Lakes College Foundation?

Central Lakes College Foundation is a charitable organization located in Brainerd, Minnesota, specifically at 501 West College Drive. Its primary mission is to support Central Lakes College by raising funds for various projects and programs. This nonprofit organization contributes financially to enhance the learning experiences of students and the community. One of its key initiatives is providing scholarships to students attending Central Lakes College, thereby making higher education more accessible. Additionally, the Foundation offers housing options for students, ensuring they have appropriate living arrangements during their studies.


Official website here: www.clcmn.edu/scholarships/

Is Central Lakes College Foundation legitimate?

Central Lakes College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central Lakes College Foundation 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: $122,242
Professional Fundraising Fees: $0
Other Salaries and Wages: $170,441

For more financial information, click here


Official website here: www.clcmn.edu/scholarships/

What is the mission statement of Central Lakes College Foundation?

The Central Lakes College Foundation's mission is centered around providing support for students attending Central Lakes College. Specifically, they offer scholarships and housing options to help alleviate financial burdens and enhance the overall learning experience. Moreover, the foundation accepts donations, both monetary and in-kind, to fund various projects and programs that contribute to the college's educational and community initiatives. In essence, the Central Lakes College Foundation aims to facilitate academic success and personal growth for its students through financial aid and educational enrichment opportunities.


Official website here: www.clcmn.edu/scholarships/

Who is the CEO of Central Lakes College Foundation?

Kate Adornetto is the Executive Director of Central Lakes College Foundation.


Official website here: www.clcmn.edu/scholarships/

What is the revenue of Central Lakes College Foundation?

Central Lakes College Foundation's revenue in 2022 was $3,188,442.


Official website here: www.clcmn.edu/scholarships/

Who are the executives of Central Lakes College Foundation and what are their salaries?

Here are 18 key members and their salaries:

    Kate Adornetto (Executive Director)
  • Compensation: $0
  • Related: $90,090
  • Other: $29,085

    • Jim Benson (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brad Chapulis (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lisa Wigand (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Barbara Anderson (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nathan Hamilton (Past Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Hara Charlier (Ex-Officio) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mike Bjerkness (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Beth Gruber (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Katie Heppner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Val Knudsen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robb Kolodziej (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Ohlin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mike Patrick (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brad Person (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark Roach (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Matt Sundquist (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steve Wenzel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.clcmn.edu/scholarships/

    Where can I find the form 990 for Central Lakes College Foundation?

    The Central Lakes College Foundation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.clcmn.edu/scholarships/

    Learn more at the official website: www.clcmn.edu/scholarships/

    Mission Statement of Central Lakes College Foundation

    The Central Lakes College Foundation plays a significant role in supporting the educational journey of students attending Central Lakes College. Their primary mission is twofold: providing scholarships and offering housing opportunities. Through their scholarship program, they help alleviate financial burdens, enabling deserving students to pursue their academic goals without being hindered by financial constraints. Additionally, the Foundation provides housing options, enhancing the overall college experience by offering a conducive living environment for students. These housing amenities are funded through donations and in-kind contributions, which are used to enrich various projects and programs, ultimately enriching student and community learning experiences on behalf of Central Lakes College.

    Impact

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




    Thursday, August 15, 2024

    Central Lakes College Foundation's impact can be seen in the lives of students attending Central Lakes College in Brainerd, MN. Through scholarships and housing assistance, the Foundation helps students pursue their education and achieve their academic goals. Additionally, the Foundation's donations, including in-kind contributions for projects and programs, enrich the learning experiences of both students and the community. Overall, the Foundation plays a crucial role in supporting education and fostering opportunities for students to succeed.





    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: $1,018,434
  • Program Service Revenue: $569,330
  • Gross Receipts: $6,235,208

    • Assets and Liabilities:
  • Total Assets: $11,958,499
  • Total Liabilities: $1,394,871
  • Net Assets: $10,563,628
  • Programs

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

    NET RENTAL REVENUE

    Revenue

    $520,169

    RESERVATION FEES

    Revenue

    $36,000

    TENANT CHARGES

    Revenue

    $9,060

    LAUNDRY AND VENDING

    Revenue

    $4,101

    Organization Details

    Founding Year

    1968

    Principal Officer

    Kate Adornetto

    Main Address

    501 WEST COLLEGE DRIVE, BRAINERD, MN, 56401

    NTEE Category

    Code: B82 - Education

    If you are a representative of Central Lakes College Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.