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Filing year 2023

LAKE MICHIGAN COLLEGE FOUNDATION

Benton Harbor, Michigan·EIN 38-2714753·3
Total revenue
$4.9M
Total assets
$20.5M
Total expenses
$1.5M
Reported officers
30
Mission

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.

Executive compensation

Form 990 · Schedule J · 3 reported individuals · Filing year 2023

Director/college President
board president
$128k
$142k
Treasurer/college CFO
$107k
$118k
Secretary
officer (unspecified)
$83k
$91k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 27 unpaid individuals.

Up 81%
from 2022

From $71k in 2022 to $128k in 2023.

$71k
2022
$128k
2023
In today's dollarsEst.
Up 75% in real terms$81k to $142k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

LAKE MICHIGAN COLLEGE FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$1.7M
$1.7M
2022
$4.9M
$1.5M
2023
Total revenue and total expenses from IRS Form 990 filings.
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