Mission
THE ORGANIZATIONS PRIMARY PURPOSE IS TO BUILD A BETTER LAKE AREA TECHNICAL COLLEGE.
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 42 reported grant relationships connected to this organization totaling approximately $15.7M.
EIN: 363860861
WATERTOWN, SD
Scholarships & Student Financial Aid
NTEE: B82
Latest filing: 2025
Total Revenue$4.5M
Total Expenses$6.5M
Total Assets$11.4M
Grant Records42
Funding Total$15.7M
Filing Years2020–2025
Where $100 goes at Lake Area Technical College Foundation
How Lake Area Technical College Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.
$97
Programs
the work itself
$1
Management
running the organization
$2
Fundraising
raising the next dollar
Inside the $97 for programs
$49
Funding for latc campus improvements
$38
Awarding scholarships to latc students
$10
Funding for latc program enhancements
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
FIRE SUPPRESSION SYSTEM
$55,000
Education
$36,251
SCHOLARSHIPS
$16,875
EDUCATION
$15,000
ADULT EDUCATION
$10,000
Showing up to 5 of 42 total records — full history available with membership.
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
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.