Nonprofit · EIN 38-2576021
LAKE SUPERIOR STATE UNIVERSITY FOUNDATION
Tax-exempt · SAULT S MARIE, MI 49783
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $8,633,232 | $2,960,455 | $5,672,777 | $32,743,972 | $23,009 | $32,720,963 |
| June 30, 2024 | 990 | $2,984,410 | $2,356,656 | $627,754 | $28,609,201 | $48,785 | $28,560,416 |
| June 30, 2023 | 990 (amended) | $3,637,982 | $2,166,565 | $1,471,417 | $25,784,435 | $45,750 | $25,738,685 |
| June 30, 2022 | 990 (amended) | $4,258,550 | $2,012,449 | $2,246,101 | $22,456,507 | $12,902 | $22,443,605 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $3,833,128
- Program service revenue
- $0
- Investment income
- $4,800,104
- Net gain from sales of assets
- $4,156,276
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $2,508,840
- Compensation of officers, directors and key employees
- $73,802
- Other salaries and wages
- $138,771
- Salaries, compensation and benefits (total)
- $272,843
- Professional fundraising fees
- $0
- Legal fees
- $13,935
- Accounting fees
- $11,156
- Occupancy
- $22,400
- Travel
- $2,175
- Program services (functional)
- $2,508,840
- Management and general (functional)
- $433,700
- Fundraising (functional)
- $17,915
Balance sheet and other
- Total assets, start of year
- $28,609,201
- Total assets, end of year
- $32,743,972
- Total liabilities, end of year
- $23,009
- Net assets, end of year
- $32,720,963
- Net assets without donor restrictions
- $368,270
- Net assets with donor restrictions
- $32,352,693
- Gross receipts
- $12,389,270
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1983
- State of legal domicile
- MI
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Sharon Dorrity | Secretary of Board/Coord Donor Relations Key employee | 40 | $0 | $43,944 |
| Scott P Smith | Vice President of Advancement Officer | 7.06 | $0 | $29,690 |
| Edward F Smith | Chair & Executive Committee Trustee or director | 0 | $0 | $0 |
| Carol Andary | Board Member-Executive Committee Trustee or director | 0 | $0 | $0 |
| Brittany Barrett | Board Member Trustee or director | 0 | $0 | $0 |
| H James Bourque | Emeritus Trustee or director | 0 | $0 | $0 |
| Joseph Breed | Board Member-Executive Committee-Secretary Trustee or director | 0 | $0 | $0 |
| Jennifer Brown | Board Member Trustee or director | 0 | $0 | $0 |
| Anthony Damiano | Board Member-Executive Committee Trustee or director | 0 | $0 | $0 |
| Megan Fenlon | Board Member Trustee or director | 0 | $0 | $0 |
| Jason Garvon | Board Member Trustee or director | 0 | $0 | $0 |
| Ted Haapala | Board Member Trustee or director | 0 | $0 | $0 |
| Robert Kjolhede | Board Member-Executive Committee Trustee or director | 0 | $0 | $0 |
| Ashley O'Dwyer | Board Member Trustee or director | 0 | $0 | $0 |
| Thomas G Robinson | Board Member Trustee or director | 0 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| David Saunders | Board Member Trustee or director | 0 | $0 |
| Charles Schmidt | Board Member-Executive Committee Trustee or director | 0 | $0 |
| Ken Williams | Board Member Trustee or director | 0 | $0 |
| Michael Wyse | Board Member Trustee or director | 0 | $0 |
| Maurice Walworth | Treasurer Trustee or director | 0 | $0 |
| Dr David Travis | Second Vice Chair Trustee or director | 0 | $0 |
| Kevin Cooper | Board Member Institutional trustee | 0 | $0 |
| Tim Lukenda | Board Member Institutional trustee | 0 | $0 |
990 for the year ended June 30, 2024: 22 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Sharon Dorrity | Secretary of Board/Coord Donor Relations Key employee | 40 | $0 | $43,316 |
| Scott P Smith | Vice President of Advancement Officer | 7.2 | $0 | $29,941 |
| Edward F Smith | Chair & Executive Committee Trustee or director | 0 | $0 | $0 |
| Carol Andary | Board Member-Executive Committee Trustee or director | 0 | $0 | $0 |
| Brittany Barrett | Board Member Trustee or director | 0 | $0 | $0 |
| H James Bourque | Emeritus Trustee or director | 0 | $0 | $0 |
| Joseph Breed | Board Member-Executive Committee-Secretary Trustee or director | 0 | $0 | $0 |
| Jennifer Brown | Board Member Trustee or director | 0 | $0 | $0 |
| Anthony Damiano | Board Member-Executive Committee Trustee or director | 0 | $0 | $0 |
| Megan Fenlon | Board Member Trustee or director | 0 | $0 | $0 |
| Ted Haapala | Board Member Trustee or director | 0 | $0 | $0 |
| Robert Kjolhede | Board Member-Executive Committee Trustee or director | 0 | $0 | $0 |
| Ashley O'Dwyer | Board Member Trustee or director | 0 | $0 | $0 |
| Thomas G Robinson | Board Member Trustee or director | 0 | $0 | $0 |
| David Saunders | Board Member Trustee or director | 0 | $0 | $0 |
| Charles Schmidt | Board Member-Executive Committee Trustee or director | 0 | $0 | $0 |
| Ken Williams | Board Member Trustee or director | 0 | $0 | $0 |
| Michael Wyse | Board Member Trustee or director | 0 | $0 | $0 |
| Maurice Walworth | Treasurer Trustee or director | 0 | $0 | $0 |
| Dr David Travis | Second Vice Chair Trustee or director | 0 | $0 | $0 |
| Kevin Cooper | Board Member Institutional trustee | 0 | $0 | $0 |
| Tim Lukenda | Board Member Institutional trustee | 0 | $0 | $0 |
990 for the year ended June 30, 2023: 24 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Sharon Dorrity | Secretary of Board/Coord Donor Relations Key employee | 40 | $0 | $38,814 |
| Scott P Smith | Vice President of Advancement Officer | 7.06 | $0 | $29,477 |
| Edward F Smith | Chair & Executive Committee Trustee or director | 0 | $0 | $0 |
| Carol Andary | Board Member-Executive Committee Trustee or director | 0 | $0 | $0 |
| H James Bourque | Emeritus Trustee or director | 0 | $0 | $0 |
| Allison Brawley | Board Member Trustee or director | 0 | $0 | $0 |
| Joseph Breed | Board Member-Executive Committee Trustee or director | 0 | $0 | $0 |
| Anthony Damiano | Board Member Trustee or director | 0 | $0 | $0 |
| Michael Day | Board Member Trustee or director | 0 | $0 | $0 |
| Ted Haapala | Board Member Trustee or director | 0 | $0 | $0 |
| David Jahn | Board Member Trustee or director | 0 | $0 | $0 |
| Robert Kjolhede | Board Member-Executive Committee Trustee or director | 0 | $0 | $0 |
| Rebecca C Novo | Board Member Trustee or director | 0 | $0 | $0 |
| Michael O'Toole | Board Member Trustee or director | 0 | $0 | $0 |
| Thomas G Robinson | Board Member Trustee or director | 0 | $0 | $0 |
| David Saunders | Board Member Trustee or director | 0 | $0 | $0 |
| Charles Schmidt | Board Member-Executive Committee Trustee or director | 0 | $0 | $0 |
| Michael Wyse | Board Member Trustee or director | 0 | $0 | $0 |
| Maurice Walworth | Treasurer Trustee or director | 0 | $0 | $0 |
| Dr Lynn Gillette | Second Vice Chair/Ex-Officio Trustee or director | 0 | $0 | $0 |
| Richard Barch | Board Member/Ex-Officio Representative Institutional trustee | 0 | $0 | $0 |
| Randy Pingatore | Board Member/Ex-Officio Representative Institutional trustee | 0 | $0 | $0 |
| Nafez Alayn | Treasurer Former | 0 | $0 | $0 |
| Rodney S Hanley | Second Vice Chair/Ex-Officio Former | 0 | $0 | $0 |
990 for the year ended June 30, 2022: 22 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Sharon Dorrity | Secretary of Board/Dir Donor Relations Key employee | 40 | $0 | $38,144 |
| Scott P Smith | Vice President of Advancement Officer | 7.2 | $0 | $30,120 |
| Edward F Smith | Chair & Executive Committee Trustee or director | 0 | $0 | $0 |
| Carol Andary | Board Member-Executive Committee Trustee or director | 0 | $0 | $0 |
| H James Bourque | Emeritus Trustee or director | 0 | $0 | $0 |
| Allison Brawley | Board Member Trustee or director | 0 | $0 | $0 |
| Joseph Breed | Board Member-Executive Committee Trustee or director | 0 | $0 | $0 |
| Anthony Damiano | Board Member Trustee or director | 0 | $0 | $0 |
| Michael Day | Board Member Trustee or director | 0 | $0 | $0 |
| Ted Haapala | Board Member Trustee or director | 0 | $0 | $0 |
| David Jahn | Board Member Trustee or director | 0 | $0 | $0 |
| Robert Kjolhede | Board Member-Executive Committee Trustee or director | 0 | $0 | $0 |
| Rebecca C Novo | Board Member Trustee or director | 0 | $0 | $0 |
| Michael O'Toole | Board Member Trustee or director | 0 | $0 | $0 |
| Thomas G Robinson | Board Member Trustee or director | 0 | $0 | $0 |
| David Saunders | Board Member Trustee or director | 0 | $0 | $0 |
| Charles Schmidt | Board Member-Executive Committee Trustee or director | 0 | $0 | $0 |
| Michael Wyse | Board Member Trustee or director | 0 | $0 | $0 |
| Nafez Alayn | Treasurer Trustee or director | 0 | $0 | $0 |
| Rodney S Hanley | Second Vice Chair/Ex-Officio Trustee or director | 0 | $0 | $0 |
| Richard Barch | Board Member/Ex-Officio Representative Institutional trustee | 0 | $0 | $0 |
| Randy Pingatore | Board Member/Ex-Officio Representative Institutional trustee | 0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 650 W EASTERDAY AVE, SAULT S MARIE, MI 49783-1626
- In care of
- % LSSU FOUNDATION
- Principal officer (990 for 2024)
- Scott P Smith, 650 W Easterday Ave, Sault Sainte Marie, MI 49783
- Signed the 990
- Scott P Smith, Vice President of Advancement
- Phone
- (906) 635-2665
- Website
- foundation.lssu.edu
Mission
The Lake Superior State University Foundation exists for the sole purpose of promoting, receiving, managing, and disbursing donations and contributions for the benefit of Lake Superior State University.
Program accomplishments
- The Lake Superior State University Foundation exists for the sole purpose of promoting, receiving, managing, and disbursing certain private donations and contributions for the benefit of Lake Superior State University.Expenses $2,508,840 · grants $2,508,840
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 March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | Check at the IRS |
| 2023 | March 31, 2024 | August 15, 2024 | Check at the IRS |
IRS record
- EIN
- 38-2576021
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1985
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B43I)
- Assets (IRS master file)
- $32,743,972
- Income (IRS master file)
- $12,389,270
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $8,633,232 | $2,960,455 | $32,743,972 | XML |
| 990 | June 2024 | $2,984,410 | $2,356,656 | $28,609,201 | XML |
| 990 | June 2023 | $3,637,982 | $2,166,565 | $25,784,435 | XML |
| 990 | June 2022 | $4,258,550 | $2,012,449 | $22,456,507 | XML |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
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 38-2576021).
Questions about LAKE SUPERIOR STATE UNIVERSITY FOUNDATION
- What is the EIN of LAKE SUPERIOR STATE UNIVERSITY FOUNDATION?
- The employer identification number (EIN) of LAKE SUPERIOR STATE UNIVERSITY FOUNDATION is 38-2576021.
- Is LAKE SUPERIOR STATE UNIVERSITY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to LAKE SUPERIOR STATE UNIVERSITY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LAKE SUPERIOR STATE UNIVERSITY FOUNDATION 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 LAKE SUPERIOR STATE UNIVERSITY FOUNDATION due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAKE SUPERIOR STATE UNIVERSITY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of LAKE SUPERIOR STATE UNIVERSITY FOUNDATION?
- The 990 for the year ended June 30, 2025 names Scott P Smith.
- Who are the officers and directors of LAKE SUPERIOR STATE UNIVERSITY FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 23 people; 0 received compensation from the organization.
- How much revenue does LAKE SUPERIOR STATE UNIVERSITY FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $8,633,232, expenses of $2,960,455 and total assets of $32,743,972 at year end.
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