Public Charity

LAKE AREA TECHNICAL COLLEGE FOUNDATION

LAKE AREA TECHNICAL COLLEGE FOUNDATION is a nonprofit organization categorized as Public Charity based in WATERTOWN, SD. Its most recent IRS filing (2025) reports revenue of $4.5M, expenses of $6.5M, total assets of $11.4M. Imperigo tracks 41 reported grant relationships connected to this organization totaling approximately $15.7M.

EIN: 363860861 WATERTOWN, SD Latest filing: 2025
Total Revenue$4.5M
Total Expenses$6.5M
Total Assets$11.4M
Grant Records41
Funding Total$15.7M
Filing Years2020–2025

Mission

THE ORGANIZATIONS PRIMARY PURPOSE IS TO BUILD A BETTER LAKE AREA TECHNICAL COLLEGE.

Officers & Directors

BOARD MEMBER Barb Kleinjan
BOARD MEMBER Brig Schilling
EX-OFFICIO MEMBER Brittany Rost
EX-OFFICIO MEMBER Cam Corey
BOARD MEMBER Dan Brenden
BOARD MEMBER Donna Schoenbeck

Officer compensation and complete director data available with membership.

Top Grant Purposes

HUMAN SERVICES
$10,001,500 1 grant
Education
$2,665,958 5 grants
Education and youth services
$1,225,916 1 grant
Youth services and education
$1,092,100 1 grant
SCHOLARSHIPS
$247,255 7 grants

Financial Trends

Year Revenue Expenses Assets
2025 $4.5M $6.5M $11.4M
2024 $2.0M $16.0M $13.3M
2023 $4.6M $7.7M $26.3M
2021 $13.5M $3.8M $17.5M
2020 $1.8M $3.6M $6.6M

Between 2020 and 2025, reported annual revenue grew from $1.8M to $4.5M (+144%), with total assets most recently reported at $11.4M.

Interactive year-over-year charts and full filing details available with membership.

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