Overview

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Est.

2004

Fiscal Year Start

Jul 1

Organization Type

Grantseeker

AI Summary

LAKE TECHNICAL COLLEGE INC, identified by EIN 20-0940772, is a nonprofit organization dedicated to meeting the educational needs of the community through career-technical training opportunities, focusing on charter school education and vocational education. With an operating budget of $21 million and total revenue of $22.1 million for the 2024 filing year, the organization has a diverse funding base, with no single funder contributing 50% or more of its revenue. More information can be found on their website, www.laketech.org.

Mission Statement

TO MEET THE EDUCATIONAL NEEDS OF THE COMMUNITY BY OFFERING CAREER-TECHNICAL TRAINING OPPORTUNITIES.
Revenues
$22.1M
Expenses
$23.9M
Net Income:
-$1.7M
Assets
$22.2M
Liabilities
$7.4M
Net Assets:
+$14.8M
Operating Budget
$21M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
3
Median grant size
$15K
Largest grant received
$30K
D
Deanna Thomas
Board Member
R
Richard D Keith
Board Member
M
Mickey Gauldin
Board Member

Frequently Asked Questions

What is LAKE TECHNICAL COLLEGE INC’s budget?
In 2024, LAKE TECHNICAL COLLEGE INC reported an annual operating budget of around $21 million. More detailed financial information is available to registered users.
What causes does LAKE TECHNICAL COLLEGE INC support?
LAKE TECHNICAL COLLEGE INC supports work in Vocational education and Charter school education.
Where does LAKE TECHNICAL COLLEGE INC operate?
LAKE TECHNICAL COLLEGE INC is headquartered in Eustis, FL.
Who funded LAKE TECHNICAL COLLEGE INC recently?
In 2024, LAKE TECHNICAL COLLEGE INC received grants from ROGERS FAMILY FOUNDATION INC, SUNSHINE COMMUNITY TRUST, and VERIZON FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant LAKE TECHNICAL COLLEGE INC received in 2024?
The largest grant to LAKE TECHNICAL COLLEGE INC in 2024 exceeds $30 thousand.
What is LAKE TECHNICAL COLLEGE INC’s reliance on government grants?
LAKE TECHNICAL COLLEGE INC relied on government grants for more than 10% of their total revenue in 2024.