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Lake Mills Area Community Foundation Inc

EIN 39-1858825 · Lake Mills, WI

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair62 out of 100GovernanceFair53 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

Provides grants to organizations within the greater Lake Mills, Wisconsin community for the improvement of the residents of the community to enhance the quality of life.

Income
$1.0 million
Spending
$252,015
Spent on programs
64%
Reserves
0.3 months of spending
Largest source of income
donations and private grants, 63%
Employees
0

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 62 out of 100. Higher than 34% of charities in its peer group (human services, $1m to $10m).

  • Reserves

    4 of 35

    Spendable reserves would cover 0.3 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 75% of income.

  • Income trend

    15 of 15

    Income rose 111% on the year before.

  • Spending floor

    8 of 15

    63% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 53 out of 100. Higher than 9% of charities in its peer group (human services, $1m to $10m).

  • Independent board

    25 of 25

    7 of 7 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Independent check of accounts

    0 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (33)
  1. $6,250 spent. PURDUE UNIVERSITY -- SCHOLARSHIPS FOR GRADUATING SENIORS
  2. $47,300 spent. UW MADISON -- SCHOLARSHIPS FOR GRADUATING SENIORS
  3. $7,250 spent. UNIVERSITY of MINNESOTA -- SCHOLARSHIPS FOR GRADUATING SENIORS
  4. Program Service Expenses 1,400, Grants and allocations 1,400, Revenue 0 OPENING MORE DOORS TOGETHER
  5. Program Service Expenses 10,250, Grants and allocations 10,250, Revenue 0 Madison College -- SCHOLARSHIPS FOR GRADUATING SENIORS
  6. Program Service Expenses 4,055, Grants and allocations 4,055, Revenue 0 MSOE -- SCHOLARSHIPS FOR GRADUATING SENIORS
  7. Program Service Expenses 3,000, Grants and allocations 3,000, Revenue 0 Grant to early literacy department of LM Elementary School
  8. Program Service Expenses 1,000, Grants and allocations 1,000, Revenue 0 Grant to Lake Mills Recreation Department
  9. Program Service Expenses 2,500, Grants and allocations 2,500, Revenue 0 UC REGENTS -- SCHOLARSHIPS FOR GRADUATING SENIORS
  10. Program Service Expenses 3,000, Grants and allocations 3,000, Revenue 0 Grant to Rock Lake Activity Center
  11. Program Service Expenses 200, Grants and allocations 200, Revenue 0 Legendary Lake Mills Planter Donation
  12. Program Service Expenses 2,000, Grants and allocations 2,000, Revenue 0 Arts Alliance
  13. Program Service Expenses 125, Grants and allocations 125, Revenue 0 Optimist golf outing hole sponsership
  14. Program Service Expenses 7,500, Grants and allocations 7,500, Revenue 0 Grant for FFA Aquaculture Project
  15. Program Service Expenses 1,500, Grants and allocations 1,500, Revenue 0 Grant for Fireworks
  16. Program Service Expenses 5,000, Grants and allocations 5,000, Revenue 0 Grant to Sunrise Reach
  17. Program Service Expenses 500, Grants and allocations 500, Revenue 0 Pyramid City 5K Run Sponsership
  18. Program Service Expenses 500, Grants and allocations 500, Revenue 0 LAKE MILLS CITY BAND Concert sponsership
  19. Program Service Expenses 7,000, Grants and allocations 7,000, Revenue 0 EDGEWOOD COLLEGE -- SCHOLARSHIPS FOR GRADUATING SENIORS
  20. Program Service Expenses 11,475, Grants and allocations 11,475, Revenue 0 UW PLATTEVILLE -- SCHOLARSHIPS FOR GRADUATING SENIORS
  21. Program Service Expenses 3,125, Grants and allocations 3,125, Revenue 0 UW LA CROSSE -- SCHOLARSHIPS FOR GRADUATING SENIORS
  22. Program Service Expenses 800, Grants and allocations 800, Revenue 0 UW EAU CLAIRE -- SCHOLARSHIPS FOR GRADUATING SENIORS
  23. Program Service Expenses 600, Grants and allocations 600, Revenue 0 LUTHER COLLEGE -- SCHOLARSHIPS FOR GRADUATING SENIORS
  24. Program Service Expenses 1,250, Grants and allocations 1,250, Revenue 0 BLACKHAWK TECHNICAL COLLEGE - SCHOLARSHIPS FOR GRADUATING SENIORS
  25. Program Service Expenses 1,500, Grants and allocations 1,500, Revenue 0 WINONA STATE UNIVERSITY - SCHOLARSHIPS FOR GRADUATING SENIORS
  26. Program Service Expenses 10,000, Grants and allocations 10,000, Revenue 0 Grant to Jeffeson County Parks for Trieloff Property Project
  27. Program Service Expenses 2,500, Grants and allocations 2,500, Revenue 0 Mckenndree State University - SCHOLARSHIPS FOR GRADUATING SENIORS
  28. Program Service Expenses 4,500, Grants and allocations 4,500, Revenue 0 WyoTech - SCHOLARSHIPS FOR GRADUATING SENIORS
  29. Program Service Expenses 8,549, Grants and allocations 8,549, Revenue 0 Grant to Holiday Decorations Fund
  30. Program Service Expenses 3,000, Grants and allocations 3,000, Revenue 0 Grant to LMASD for Family Connections Account
  31. Program Service Expenses 1,500, Grants and allocations 1,500, Revenue 0 Grant to Jefferson County Christmas Neighbors
  32. Program Service Expenses 725, Grants and allocations 725, Revenue 0 Lake Mills National Honor Society
  33. Program Service Expenses 70, Grants and allocations 70, Revenue 0 HIGH SCHOOL ALUMNI SCHOLARSHIP

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since September 1998.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.