Mission
The mission is to provide scholarships to Lake Mills, IA high School students as an incentive for higher learning and achievement.
Public Charity
Lake Mills Scholarship Foundation
Lake Mills Scholarship Foundation is a Public Charity headquartered in Lake Mills, IA. Financial data from the 2024 filing: $586K revenue, $94K expenses, $812K total assets. 2 publicly reported grants to this organization, totaling roughly $11K, appear in IRS filings.
EIN: 814953829
Lake Mills, IA
Educational Services
NTEE: B90
Latest filing: 2024
Total Revenue$586K
Total Expenses$94K
Total Assets$812K
Grant Records2
Funding Total$11K
Filing Years2020–2024
Where $100 goes at Lake Mills Scholarship Foundation
How Lake Mills Scholarship Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 5 years.
$45
Programs
the work itself
$55
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 $45 for programs
$45
Scholarships to Lake Mills Iowa High School graduates
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
PROGRAM SUPPORT
$6,000
EDUCATION
$5,250
Showing up to 5 of 2 total records — full history available with membership.
Officers & Directors
Secretary
James Scholbrock
Vice President
Jayne Ringham
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $586K | $94K | $812K |
| 2023 | $87K | $4K | $343K |
| 2022 | $30K | $44K | $282K |
| 2021 | $175K | $26K | $276K |
| 2020 | $93K | $23K | $115K |
Between 2020 and 2024, reported annual revenue grew from $93K to $586K (+532%), with total assets most recently reported at $812K.
Interactive year-over-year charts and full filing details available with membership.