Nonprofit · EIN 27-0978059
LAKESHORE COMMUNITY FOUNDATION INC
Tax-exempt · MANITOWOC, WI 54220
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $26,474,338 | $3,657,101 | $22,817,237 | $155,148,586 | $47,880,155 | $107,268,431 |
| December 31, 2024 | 990 | $16,802,979 | $1,980,681 | $14,822,298 | $115,562,778 | $39,061,976 | $76,500,802 |
| December 31, 2023 | 990 | $13,617,516 | $1,791,149 | $11,826,367 | $91,205,472 | $31,739,000 | $59,466,472 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $20,419,398
- Program service revenue
- $130,497
- Investment income
- $5,924,443
- Net gain from sales of assets
- $3,700,781
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $3,017,961
- Compensation of officers, directors and key employees
- $199,734
- Other salaries and wages
- $192,216
- Salaries, compensation and benefits (total)
- $429,440
- Professional fundraising fees
- $0
- Legal fees
- $19,044
- Accounting fees
- $15,138
- Occupancy
- $2,097
- Travel
- $4,588
- Program services (functional)
- $3,273,198
- Management and general (functional)
- $322,760
- Fundraising (functional)
- $61,143
Balance sheet and other
- Total assets, start of year
- $115,562,778
- Total assets, end of year
- $155,148,586
- Total liabilities, end of year
- $47,880,155
- Net assets, end of year
- $107,268,431
- Land, buildings and equipment
- $901,940
- Publicly traded securities
- $151,523,869
- Net assets without donor restrictions
- $103,343,236
- Net assets with donor restrictions
- $3,925,195
- Gross receipts
- $31,026,672
- Employees
- 4
- Volunteers
- 9
- Year formed
- 2009
- State of legal domicile
- WI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RACHEL WIEGERT | CHIEF EXECUTIVE OFFICER Officer | 50 | $175,002 | $24,732 |
| THOMAS ASCHENBRENNER | CHAIRMAN Trustee or director, Officer | 5 | $0 | $0 |
| JAMES VOPAT | VICE PRESIDENT Trustee or director, Officer | 4 | $0 | $0 |
| THOMAS BARE | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| JANE PFEFFER | SECRETARY Trustee or director, Officer | 1.5 | $0 | $0 |
| RICHARD BALGE | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| RANDALL OLM | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| GRANT PAULY | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| ALEX ALLIE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PAMELA LANGAN | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
990 for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RACHEL WIEGERT | CHIEF EXECUTIVE OFFICER Officer | 50 | $145,000 | $4,350 |
| THOMAS ASCHENBRENNER | CHAIRMAN Trustee or director, Officer | 5 | $0 | $0 |
| JAMES VOPAT | VICE PRESIDENT Trustee or director, Officer | 4 | $0 | $0 |
| THOMAS BARE | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| JANE PFEFFER | SECRETARY Trustee or director, Officer | 1.5 | $0 | $0 |
| RICHARD BALGE | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| RANDALL OLM | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| GRANT PAULY | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| ALEX ALLIE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PAMELA LANGAN | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RACHEL WIEGERT | CHIEF EXECUTIVE OFFICER Officer | 50 | $110,000 | $11,691 |
| THOMAS ASCHENBRENNER | CHAIRMAN Trustee or director, Officer | 5 | $0 | $0 |
| JAMES VOPAT | VICE PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| THOMAS BARE | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| JANE PFEFFER | SECRETARY Trustee or director, Officer | 1.5 | $0 | $0 |
| RICHARD BALGE | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| RANDALL OLM | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| GRANT PAULY | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| ALEX ALLIE | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| PAMELA LANGAN | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| JOSEPH DIRAIMONDO | DIRECTOR (THROUGH SEPT) Trustee or director | 1.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 915 MEMORIAL DR, MANITOWOC, WI 54220-2240
- Mailing address (990-N for 2009)
- 915 memorial drive, manitowoc WI 54220
- Principal officer (990 for 2025)
- RACHEL E WIEGERT, 915 MEMORIAL DRIVE, MANITOWOC, WI 54220
- Principal officer (990-N for 2009)
- thomas bare, 915 memorial drive, manitowoc WI 54220
- Signed the 990
- RACHEL E WIEGERT, CHIEF EXECUTIVE OFFICER
- Phone
- (920) 682-5222
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
MISSION STATEMENT: TO GATHER, GROW, AND GIVE ENDOWED CHARITABLE FINANCIAL RESOURCES TO BUILD STRONGER, MORE VIBRANT COMMUNITIES NOW AND INTO THE FUTURE.VALUE STATEMENT:WE ARE COMMITTED TO MANAGING OUR CLIENTS' PHILANTHROPIC ENDOWMENTS IN PERPETUITY, WITH A FOCUS ON MINIMIZING COSTS AND FEES TO MAXIMIZE THEIR IMPACT ON THE GRANTEES THEY CARE ABOUT MOST. OUR PRIORITY REMAINS SOLELY ON SUPPORTING OUR CLIENTS' CHARITABLE GOALS, THEREBY STRENGTHENING OUR COMMUNITIES THROUGHOUT THE LAKESHORE AREA AND BEYOND.
Program accomplishments
- LAKESHORE COMMUNITY FOUNDATION, INC. IS A TAX EXEMPT PUBLIC CHARITY ORGANIZED TO PROMOTE AND MANAGE ENDOWMENT FUNDS PRIMARILY FOR THE BENEFIT OF SHEBOYGAN AND MANITOWOC COUNTIES. THE FOUNDATION RECEIVES, ADMINISTERS, AND DISTRIBUTES GIFTS FROM INDIVIDUALS AND ORGANIZATIONS FOR THE LONG TERM BENEFIT OF THE COUNTIES IT SERVES. DURING 2025, THE FOUNDATION ADDED SIX NEW FUNDS TO ITS PORTFOLIO FOR A TOTAL OF 111 FUNDS WITH AN AGGREGATE MARKET VALUE OF $150.5 MILLION AT YEAR END. AVERAGE FUND SIZE WAS $1.4 MILLION. DURING 2025, GROWTH IN GIFTS TO NEW AND EXISTING FUNDS WAS $21.7 MILLION. THE FOUNDATION ISSUED 349 GRANTS DURING 2025 TOTALING $4.3 MILLION. SINCE THE FIRST FUND WAS ESTABLISHED IN MAY 2011, THE FOUNDATION HAS DISTRIBUTED $29.2 MILLION IN GRANTS.Expenses $3,273,198 · grants $3,017,961 · revenue $130,497
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 27-0978059
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T31)
- Assets (IRS master file)
- $155,148,586
- Income (IRS master file)
- $31,026,672
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $26,474,338 | $3,657,101 | $155,148,586 | XML |
| 990 | December 2024 | $16,802,979 | $1,980,681 | $115,562,778 | XML |
| 990 | December 2023 | $13,617,516 | $1,791,149 | $91,205,472 | XML |
| 990 | December 2022 | $7,908,496 | $2,163,783 | $68,694,276 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2009 Officer: thomas bare | December 31, 2009 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-0978059).
Questions about LAKESHORE COMMUNITY FOUNDATION INC
- What is the EIN of LAKESHORE COMMUNITY FOUNDATION INC?
- The employer identification number (EIN) of LAKESHORE COMMUNITY FOUNDATION INC is 27-0978059.
- Is LAKESHORE COMMUNITY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to LAKESHORE COMMUNITY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LAKESHORE COMMUNITY FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LAKESHORE COMMUNITY FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAKESHORE COMMUNITY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of LAKESHORE COMMUNITY FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names RACHEL E WIEGERT.
- Who are the officers and directors of LAKESHORE COMMUNITY FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 10 people; 1 received compensation from the organization, the highest $175,002 (RACHEL WIEGERT, CHIEF EXECUTIVE OFFICER).
- How much revenue does LAKESHORE COMMUNITY FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $26,474,338, expenses of $3,657,101 and total assets of $155,148,586 at year end.
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