2026-02-27T13:32:02-06:00 2024-06-30 331498605 PLANTE & MORAN PLLC 750 TRADE CENTRE WAY STE 300 PORTAGE MI 49002 990 2023-07-01 382714753 LAKE MICHIGAN COLLEGE FOUNDATION LAKE 6169278100 2755 EAST NAPIER AVENUE BENTON HARBOR MI 49022 KARLA PANKRATZ TREASURER 6169278100 2026-02-27 1 1 AMY CIMINELLO P00796388 2695674500 2026-02-27 2023 2025-03-06 01:10:19Z X KARLA PANKRATZ 2755 EAST NAPIER AVENUE BENTON HARBOR MI 49022 12629317 0 X WWW.LAKEMICHIGANCOLLEGE.EDU/COMMUNITY X 1986 MI THE MISSION OF THE LAKE MICHIGAN COLLEGE FOUNDATION IS TO RAISE FUNDS IN SUPPORT OF LAKE MICHIGAN COLLEGE AND ITS STUDENTS. THE LAKE MICHIGAN COLLEGE FOUNDATION IS THE MAIN FUND-RAISING ORGANIZATION OF LAKE MICHIGAN COLLEGE FOR THE SOLICITATION, RECEIPT AND MANAGEMENT OF ALL PRIVATE GIFTS. 30 27 0 27 0 0 1185944 3754660 0 0 484480 1203708 -13717 -23192 1656707 4935176 1522939 1291403 0 0 0 0 0 0 73610 179843 174950 1702782 1466353 -46075 3468823 15916522 20464360 943642 1245375 14972880 19218985 X THE MISSION OF THE LAKE MICHIGAN COLLEGE FOUNDATION IS TO RAISE FUNDS IN SUPPORT OF LAKE MICHIGAN COLLEGE AND ITS STUDENTS. THE LAKE MICHIGAN COLLEGE FOUNDATION IS THE MAIN FUND-RAISING ORGANIZATION OF LAKE MICHIGAN COLLEGE FOR THE SOLICITATION, RECEIPT AND MANAGEMENT OF ALL PRIVATE GIFTS. 0 0 1291403 1291403 THE FOUNDATION EXISTS TO SUPPORT LAKE MICHIGAN COLLEGE AND ITS STUDENTS. SCHOLARSHIPS WERE AWARDED TO VARIOUS STUDENTS AND PAYMENTS WERE MADE TO SUPPORT VARIOUS COLLEGE PROGRAMS. 1291403 1 1 0 0 0 0 0 0 0 1 0 1 0 0 1 0 1 1 0 0 0 0 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 30 27 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 1 0 0 0 MI X X DOUG SCHAFFER 6169278100 2755 E NAPIER AVE BENTON HARBOR MI 49022 TREVOR KUBATZKE DIRECTOR/COLLEGE PRESIDENT 0.25 39.75 X 0 253532 139540 KELLI HAHN TREASURER/COLLEGE CFO 1.00 39.00 X X 0 169556 104002 DOUG SCHAFFER SECRETARY 39.00 1.00 X X 0 146032 90873 RANDY BETTICH DIRECTOR 0.25 0.00 X 0 0 0 KELLY FERNEAU PRESIDENT 1.00 0.00 X X 0 0 0 DAVID SCHAFFER DIRECTOR 0.25 0.00 X 0 0 0 ALLOYD BLACKMON DIRECTOR 0.25 0.00 X 0 0 0 AMY WHITE DIRECTOR 0.25 0.00 X 0 0 0 DAVID COSTAS DIRECTOR 0.25 0.00 X 0 0 0 DEB O'CONNOR DIRECTOR 0.25 0.00 X 0 0 0 JOHN JANICK DIRECTOR 0.25 0.00 X 0 0 0 CAROLYN HANSON DIRECTOR 0.25 0.00 X 0 0 0 MARY JO TOMASINI DIRECTOR 0.25 0.00 X 0 0 0 MICHAEL CARLSON DIRECTOR 0.25 0.00 X 0 0 0 VICKI BURGHDOFF DIRECTOR 0.25 0.00 X 0 0 0 PATSY HARTZELL DIRECTOR 0.25 0.00 X 0 0 0 TINA ACKERMAN VAUGHT DIRECTOR 0.25 0.00 X 0 0 0 ROBERT BURCH DIRECTOR 0.25 0.00 X 0 0 0 SCOTT DIENES DIRECTOR 0.25 0.00 X 0 0 0 SCOTT GEIK DIRECTOR/VICE PRESIDENT 0.25 0.00 X X 0 0 0 SCOTT MCFARLAND DIRECTOR 0.25 0.00 X 0 0 0 STEVEN HADAWAY DIRECTOR 0.25 0.00 X 0 0 0 TIM PASSARO DIRECTOR 0.25 0.00 X 0 0 0 GLORIA ENDER DIRECTOR 0.25 0.00 X 0 0 0 JIM MAROHN DIRECTOR 0.25 0.00 X 0 0 0 LARS PETZKE DIRECTOR 0.25 0.00 X 0 0 0 BRETT CLOSSON DIRECTOR 0.25 0.00 X 0 0 0 TIM TATE DIRECTOR 0.25 0.00 X 0 0 0 JOHN GROVER DIRECTOR 0.25 0.00 X 0 0 0 MEGAN HENDRIX DIRECTOR 0.25 0.00 X 0 0 0 0 569120 334415 0 0 1 0 0 179714 3574946 64195 3754660 565883 565883 8174785 7536960 637825 637825 637825 104689 179714 145631 -40942 -40942 29300 11550 17750 17750 4935176 0 0 1180516 1291403 1291403 23250 23250 65021 64616 405 16189 341 15848 1639 1225 414 25623 25623 1130 1130 35 35 18210 3007 15203 2807 2807 GIFTS 9354 9354 DUES AND SUBSCRIPTIONS 2841 2831 10 BANK FEES 1871 1871 6980 227 6753 1466353 1291403 101340 73610 3561107 4657207 131499 186713 19021 22032 7529684 9681891 4674693 5916517 518 0 15916522 20464360 2376 2376 44003 39350 897263 1203649 943642 1245375 X 1061529 1146049 13911351 18072936 14972880 19218985 15916522 20464360 X 3468823 797282 -20000 X X 0 1 X 1 0 X 656171 361629 539948 1185944 3754660 6498352 656171 361629 539948 1185944 3754660 6498352 3493597 3004755 387317 233545 798175 842718 565883 2827638 150745 12800 11430 136419 133989 445383 9771373 0.30750 0.55110 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 13350748 3438180 1783835 939190 17633573 12160616 796233 1028281 634382 13350748 14497265 72596 -1834482 574763 12160616 11443438 76608 3366425 389206 14497265 11309545 105226 334791 306124 11443438 0.00070 0.49380 0.50550 0 0 0 VANGUARD INSTITUTIONAL INDEX FUND 2146135 F AB LARGE CAP GROWTH-ADV 1598414 F BOSTON PARTNERS INV ALL CAP VAL INST 1032837 F VANGUARD MSCI EAFE ETF 1139131 F 5916517 RELATED PARTY PAYABLE - LAKE MICHIGAN COLLEGE 1203649 1203649 6234284 797282 409261 157181 1363724 4870560 64616 64616 4935176 1988179 409261 177181 586442 1401737 64616 64616 1466353 PART V, LINE 4: FOUNDATION ENDOWMENT FUNDS ARE USED TO PROVIDE OPERATIONAL, PROGRAM, AND SCHOLARSHIP SUPPORT FOR LMC. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 145,631. GAMING EXPENSES 11,550. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 145,631. UNCOLLECTIBLE PLEDGES 20,000. GAMING EXPENSES 11,550. GOLF OUTING 45582 20250 25332 400 2643 16360 8160 297 AUCTION 238821 159464 79357 4160 33177 1225 79209 284403 179714 104689 400 2643 20520 41337 1225 79506 145631 -40942 29300 11500 50 1 1.00000 29300 11500 50 11550 17750 MI 1 0 0 0 1.00000 DOUG SCHAFFER 2755 EAST NAPIER AVE BENTON HARBOR MI 49022 0 DOUG SCHAFFER 0 RECORDKEEPER X 0 1 LAKE MICHIGAN COLLEGE 2755 E NAPIER AVE BENTON HARBOR MI 49022 381738980 501(C)(3) 1291403 0 N/A N/A SUPPORT OF THE COLLEGE 1 0 PART I, LINE 2: THE FOUNDATION INFORMS THE COLLEGE OF AMOUNTS AVAILABLE FOR SCHOLARSHIPS. THE COLLEGE DIRECTS THE AWARDS TO INDIVIDUAL STUDENTS. THE SAME OCCURS WITH ANY DONOR-DESIGNATED CONTRIBUTIONS. THE FOUNDATION TELLS THE COLLEGE HOW THE FUNDS ARE TO BE EXPENDED AND THE COLLEGE MAKES SURE THE FUNDS ARE EXPENDED AS DIRECTED. 0 0 0 0 0 0 0 0 0 TREVOR KUBATZKE DIRECTOR/COLLEGE PRESIDENT 0 253532 0 0 0 0 0 78550 0 60990 0 393072 0 0 KELLI HAHN TREASURER/COLLEGE CFO 0 169556 0 0 0 0 0 42325 0 61677 0 273558 0 0 DOUG SCHAFFER SECRETARY 0 146032 0 0 0 0 0 70215 0 20658 0 236905 0 0 PART I, LINE 3 THREE DIRECTORS AND OFFICERS OF THE FOUNDATION BOARD ARE COMPENSATED BY LAKE MICHIGAN COLLEGE, A RELATED ORGANIZATION, FOR THE POSITIONS THEY HOLD AT THE COLLEGE. THEREFORE, NONE OF THE LINE 3 BOXES HAVE BEEN CHECKED. THE COLLEGE USES THE FOLLOWING METHODOLOGIES TO ESTABLISH THE COMPENSATION OF OFFICERS OF THE ORGANIZATION: COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. X 1 17913 FAIR MARKET VALUE X AUCTION 83 43264 DONOR VALUE X ACADEMIC 4 3018 DONOR VALUE 0 1 1 PART I, LINE 32B: THE FOUNDATION USES THEIR PORTFOLIO MANAGERS TO LIQUIDATE STOCK DONATIONS. PART I, LINE 33: THE NUMBER LISTED IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION A, LINE 2 DIRECTORS DAVID SCHAFFER AND DOUG SCHAFFER HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 7A THE CHAIRMAN OF THE BOARD OF TRUSTEES FOR LAKE MICHIGAN COLLEGE HAS THE AUTHORITY TO APPOINT TWO DIRECTORS TO THE LAKE MICHIGAN COLLEGE FOUNDATION BOARD OF TRUSTEES ANNUALLY. FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETED 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND THEN IT WILL BE SENT TO THE FINANCE COMMITTEE AND EXECUTIVE COMMITTEE FOR REVIEW AND COMMENT. THE TAX RETURN IS THEN SENT TO ALL BOARD MEMBERS VIA EMAIL FOR REVIEW AND COMMENT. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM ANNUALLY. THE ORGANIZATION MONITORS ACTIVITIES AND IF A QUESTION OF CONFLICT ARISES, THE ORGANIZATION HAS A DISCUSSION WITH THE PERSON OF INTEREST TO DETERMINE IF THERE IS A CONFLICT AND WHAT APPROPRIATE ACTIONS SHOULD BE TAKEN. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: UNCOLLECTIBLE PLEDGES -20,000. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. PART VII, SCHEDULE J AND SCHEDULE A THIS FY 2024 RETURN IS BEING AMENDED TO PROPERLY REPORT COMPENSATION ON PART VII AND SCHEDULE J. ADDITIONALLY, THIS RETURN IS BEING AMENDED TO PROPERLY REPORT EXCESS CONTRIBUTORS ON SCHEDULE A PART II LINE 5. LAKE MICHIGAN COLLEGE 2755 E NAPIER AVE BENTON HARBOR MI 49022 381738980 EDUCATIONAL INSTITUTION MI 501(C)(3) LINE 2 N/A 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0