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LAKE Sumter State College Foundation INC

Public charity
DBA: FOUNDATION INC
Other · LEESBURG, FL · EIN 59-1990323

About

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.

DBA Foundation INC

Donations are tax-deductible
Category
Other
Employees
0
Volunteers
194

Financial Snapshot

FY ending 2022-12-31
Revenue
$3.5M
Expenses
$1.9M
Assets
$26.0M
Liabilities
$1.4M

Financial history

$3.5M$1.8M$0
171819202122
RevenueExpenses
Latest FY2022: $3.5M · Avg: $2.6M

Political & Grant Activity

Campaign Spending
—
Lobbying
—
Grants Given
$1.5M
LAKE SUMTER STATE COLLEGE FOUNDATION INC
Your actions

Address

9501 Us Highway 441
Leesburg, FL, 34788-395

Governance

Voting board members25
Independent members21
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Initial contract exceptionNo

Financial detail (Schedule D)

Permanent endowment %31.0%
Endowment held by related orgNo
Public records
ProPublica Nonprofit Explorer ↗
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