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Filing year 2023

LAKE-SUMTER STATE COLLEGE FOUNDATION INC

Leesburg, Florida·EIN 59-1990323·NTEE B410 · Education·501(c)(3)
Total revenue
$4.1M
Total assets
$30.9M
Total expenses
$2.4M
Reported officers
24
Mission

THE LAKE-SUMTER STATE COLLEGE FOUNDATION, INC. IS A DIRECT SUPPORT ORGANIZATION WHOSE MISSION IS TO PROVIDE EXCELLENCE IN EDUCATION, SERVICE TO THE COMMUNITY, AND FINANCIAL ASSISTANCE TO QUALIFIED STUDENTS.

Executive compensation

Form 990 · Part VII & Schedule J · 3 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Education organizations in Florida.

Lssc Pres
Board Member
Above 90th percentile
$208k
$227k
Exec Directo
Officer (Unspecified)
$69k
$75k
Faculty Liai
Board Member
25th percentile to median
$20k
$22k

Teal figures restate each filed amount in 2026 dollars.

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

Plus 21 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at LAKE-SUMTER STATE COLLEGE FOUNDATION INC equaled 9% of the organization's total expenses. The median for education organizations is 7%.

This organization (2023)
9%
Sector median
7%
Middle half of sector
2% to 17%

Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about LAKE-SUMTER STATE COLLEGE FOUNDATION INC

What does the Board Member of LAKE-SUMTER STATE COLLEGE FOUNDATION INC earn?

In 2023, the Board Member of LAKE-SUMTER STATE COLLEGE FOUNDATION INC received $208,277 in total compensation. This pay is in the top 10% for Board Member roles among Education organizations in Florida: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Board Member pay at LAKE-SUMTER STATE COLLEGE FOUNDATION INC compare with similar nonprofits?

Compared with the same role at Education organizations in Florida, the 2023 pay of the Board Member at LAKE-SUMTER STATE COLLEGE FOUNDATION INC falls in the top 10%. In 2023, the highest total compensation at LAKE-SUMTER STATE COLLEGE FOUNDATION INC equaled 9% of the organization's total expenses. The median for education organizations is 7%.

What are LAKE-SUMTER STATE COLLEGE FOUNDATION INC's revenue and expenses?

In 2023, LAKE-SUMTER STATE COLLEGE FOUNDATION INC reported $4.1M in total revenue and $2.4M in total expenses on its IRS Form 990.

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