Mission
THE LAKE-SUMTER STATE COLLEGE FOUNDATION, INC. IS A DIRECT SUPPORT ORGANIZATION WHOSE MISSION IS TO PROVIDE EXCELLENCE IN EDUCATION, SERVICE TO THE COMMUNITY, AND FINANCIAL ASSISTANCE TO QUALIFIED STUDENTS.
Public Charity
LAKE-SUMTER STATE COLLEGE FOUNDATION INC
Based in LEESBURG, FL, LAKE-SUMTER STATE COLLEGE FOUNDATION INC operates as a Public Charity. The organization reported $5.5M in revenue, $2.5M in expenses, $34.9M in total assets for fiscal year 2024. Imperigo tracks 30 reported grant relationships connected to this organization totaling approximately $3.7M.
EIN: 591990323
LEESBURG, FL
Two-Year Colleges
NTEE: B41
Latest filing: 2024
Total Revenue$5.5M
Total Expenses$2.5M
Total Assets$34.9M
Grant Records30
Funding Total$3.7M
Filing Years2019–2024
Where $100 goes at Lake-Sumter State College Foundation Inc
How Lake-Sumter State College Foundation Inc divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.
$79
Programs
the work itself
$21
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $79 for programs
$79
The Lake-Sumter State College Foundation enables and enhances the lives of lake-sumter state college students, faculty, and staff through scholarships, program enhancements, special events, and facilities support
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
SCHOLARSHIPS
$21,000
GENERAL SUPPORT
$50,000
GENERAL SUPPORT
$50,000
SCHOLARSHIPS
$25,471
SCHOLARSHIPS
$22,000
Showing up to 5 of 30 total records — full history available with membership.
Officers & Directors
BOARD MEMBER
Alise Morris
BOARD MEMBER
Angie Langley
BOARD MEMBER
Carl Specci
FACULTY LIAISON THRU 8/21/24
Christopher Leibner
BOARD MEMBER
Daniel Whitehouse
TRUSTEE LIAISON
David Hidalgo
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $5.5M | $2.5M | $34.9M |
| 2023 | $4.1M | $2.4M | $30.9M |
| 2022 | $3.5M | $1.9M | $26.0M |
| 2020 | $2.7M | $1.3M | $25.6M |
| 2019 | $2.2M | $1.3M | $22.4M |
Between 2019 and 2024, reported annual revenue grew from $2.2M to $5.5M (+155%), with total assets most recently reported at $34.9M.
Interactive year-over-year charts and full filing details available with membership.