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Lake School Corporation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Kindergarten, Preschool, Nursery School, Early Admissions (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.

Summary charts: organization finances over time

Revenue
$646k (2023)

Expenses
$572k (2023)

Total Assets
$921k (2023)

Total Liabilities
$47.9k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$645,797
Expenses
$572,216
Net Income
$73,581
Net Assets
$873,568
Notable Sources of Revenue Percent of Total Revenue
Contributions $22,953
3.6%
Program Services $612,947
94.9%
Investment Income $9,597
1.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $300
0.0%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $90,550
15.8%
Professional Fundraising Fees $0
Other Salaries and Wages $302,710
52.9%
Assets/Debt
Total Assets $921,486
Total Liabilities $47,918
Net Assets $873,568
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Maria Gallo (Executive Dir.) $90,550 $0 $0
Courtney Couvreur (Board Member) $0 $0 $0
Lee Tobey (Board Member) $0 $0 $0
Katie Graceffa (Board Member) $0 $0 $0
Sean Pangilinan (Board Member) $0 $0 $0
Allison Gans (Board Member) $0 $0 $0
Jacob Kislevitz (Board Member) $0 $0 $0
Kiran Merchant (Treasurer) $0 $0 $0
Stephanie Curtis Clark (Secretary) $0 $0 $0
Kate Osler (President) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$611,227
Expenses
$472,894
Net Income
$138,333
Net Assets
$799,987
Notable Sources of Revenue Percent of Total Revenue
Contributions $113,368
18.5%
Program Services $468,893
76.7%
Investment Income $7,039
1.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $21,927
3.6%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $86,612
18.3%
Professional Fundraising Fees $0
Other Salaries and Wages $239,348
50.6%
Assets/Debt
Total Assets $871,361
Total Liabilities $71,374
Net Assets $799,987
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Maria Gallo (Executive Dir.) $86,612 $0 $0
Lee Tobey (Board Member) $0 $0 $0
Al Graceffa (Board Member) $0 $0 $0
Liz Jobst (Board Member) $0 $0 $0
Sean Pangilinan (Board Member) $0 $0 $0
Allison Gans (Board Member) $0 $0 $0
Michael Braide (Board Member) $0 $0 $0
Amy Griffith (Board Member) $0 $0 $0
Kate Osler (President) $0 $0 $0
Michael Gross (Treasurer) $0 $0 $0
Stephanie Curtis Clark (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$452,007
Expenses
$312,557
Net Income
$139,450
Net Assets
$647,962
Notable Sources of Revenue Percent of Total Revenue
Contributions $115,339
25.5%
Program Services $321,928
71.2%
Investment Income $4,226
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $7,848
1.7%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,666
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $77,852
24.9%
Professional Fundraising Fees $0
Other Salaries and Wages $110,537
35.4%
Assets/Debt
Total Assets $756,661
Total Liabilities $108,699
Net Assets $647,962
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Maria Gallo (Executive Dir.) $77,852 $0 $0
Lee Tobey (Board Member) $0 $0 $0
Al Graceffa (Board Member) $0 $0 $0
Liz Jobst (Board Member) $0 $0 $0
Sean Pangilinan (Board Member) $0 $0 $0
Allison Gans (Board Member) $0 $0 $0
Kate Osler (President) $0 $0 $0
Michael Gross (Treasurer) $0 $0 $0
Stephanie Curtis Clark (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$540,690
Expenses
$513,506
Net Income
$27,184
Net Assets
$508,512
Notable Sources of Revenue Percent of Total Revenue
Contributions $12,031
2.2%
Program Services $501,347
92.7%
Investment Income $4,787
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $21,960
4.1%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $565
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $121,155
23.6%
Professional Fundraising Fees $0
Other Salaries and Wages $233,205
45.4%
Assets/Debt
Total Assets $599,742
Total Liabilities $91,230
Net Assets $508,512
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Laura Byes (Executive Dir.) $79,526 $0 $0
Maria Gallo (Executive Dir.) $41,629 $0 $0
Jennifer Castro (Director) $0 $0 $0
Linda Galbreth (Director) $0 $0 $0
Caroline Gershwin (Director) $0 $0 $0
Sean Pangilinan (Director) $0 $0 $0
Claudia Marinai (Director) $0 $0 $0
Alicia Mcknight (President) $0 $0 $0
Michael Gross (Treasurer) $0 $0 $0
Amanda Pelle (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$535,927
Expenses
$502,039
Net Income
$33,888
Net Assets
$481,328
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,053
0.9%
Program Services $495,907
92.5%
Investment Income $4,528
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $23,953
4.5%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $6,486
1.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $71,641
14.3%
Professional Fundraising Fees $0
Other Salaries and Wages $269,141
53.6%
Assets/Debt
Total Assets $558,286
Total Liabilities $76,958
Net Assets $481,328
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Osnat Shlain (Executive Dir.) $71,641 $0 $0
Jennifer Castro (Director) $0 $0 $0
Michael Gross (Director) $0 $0 $0
Amie Morelli (Director) $0 $0 $0
Linda Galbreth (Director) $0 $0 $0
Caroline Gershwin (Director) $0 $0 $0
Alicia Mcknight (President) $0 $0 $0
Jme Mclean (Secretary) $0 $0 $0
Sean Olesen (Treasurer) $0 $0 $0
Amanda Pelle (Prt Brd Pres) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$496,629
Expenses
$437,996
Net Income
$58,633
Net Assets
$447,440
Notable Sources of Revenue Percent of Total Revenue
Contributions $10,011
2.0%
Program Services $476,796
96.0%
Investment Income $4,369
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $5,777
1.2%
Sales of Assets -$324
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $71,850
16.4%
Professional Fundraising Fees $0
Other Salaries and Wages $237,773
54.3%
Assets/Debt
Total Assets $517,667
Total Liabilities $70,227
Net Assets $447,440

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$425,223
Expenses
$422,283
Net Income
$2,940
Net Assets
$388,807
Notable Sources of Revenue Percent of Total Revenue
Contributions $900
0.2%
Program Services $407,758
95.9%
Investment Income $6,124
1.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $8,907
2.1%
Sales of Assets $1,534
0.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $68,975
16.3%
Professional Fundraising Fees $0
Other Salaries and Wages $223,175
52.8%
Assets/Debt
Total Assets $477,245
Total Liabilities $88,438
Net Assets $388,807

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$381,880
Expenses
$491,897
Net Income
-$110,017
Net Assets
$385,867
Notable Sources of Revenue Percent of Total Revenue
Contributions $11,040
2.9%
Program Services $348,402
91.2%
Investment Income $6,638
1.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $14,818
3.9%
Sales of Assets $982
0.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $86,123
17.5%
Professional Fundraising Fees $0
Other Salaries and Wages $220,461
44.8%
Assets/Debt
Total Assets $436,006
Total Liabilities $50,139
Net Assets $385,867

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$459,985
Expenses
$434,509
Net Income
$25,476
Net Assets
$495,884
Notable Sources of Revenue Percent of Total Revenue
Contributions $7,710
1.7%
Program Services $401,972
87.4%
Investment Income $10,860
2.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $38,527
8.4%
Sales of Assets $916
0.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $74,958
17.3%
Professional Fundraising Fees $0
Other Salaries and Wages $231,678
53.3%
Assets/Debt
Total Assets $530,983
Total Liabilities $35,099
Net Assets $495,884

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$512,656
Expenses
$514,516
Net Income
-$1,860
Net Assets
$491,250
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,310
1.0%
Program Services $479,912
93.6%
Investment Income $4,912
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $19,666
3.8%
Sales of Assets $2,856
0.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $72,780
14.1%
Professional Fundraising Fees $0
Other Salaries and Wages $289,433
56.3%
Assets/Debt
Total Assets $545,138
Total Liabilities $53,888
Net Assets $491,250

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$471,285
Expenses
$487,747
Net Income
-$16,462
Net Assets
$493,110
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,600
0.8%
Program Services $439,888
93.3%
Investment Income $783
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $25,719
5.5%
Sales of Assets $1,295
0.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $79,263
16.3%
Professional Fundraising Fees $0
Other Salaries and Wages $260,569
53.4%
Assets/Debt
Total Assets $566,344
Total Liabilities $73,234
Net Assets $493,110

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$492,204
Expenses
$489,971
Net Income
$2,233
Net Assets
$509,571
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,450
1.1%
Program Services $456,657
92.8%
Investment Income $4,124
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $23,696
4.8%
Sales of Assets $1,873
0.4%
Net Inventory Sales $0
Other Revenue $404
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $76,798
15.7%
Professional Fundraising Fees $0
Other Salaries and Wages $260,510
53.2%
Assets/Debt
Total Assets $571,860
Total Liabilities $62,289
Net Assets $509,571

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$494,773
Expenses
$483,549
Net Income
$11,224
Net Assets
$507,338
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,200
1.1%
Program Services $461,038
93.2%
Investment Income $5,930
1.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $19,975
4.0%
Sales of Assets $2,455
0.5%
Net Inventory Sales $0
Other Revenue $175
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $76,202
15.8%
Professional Fundraising Fees $0
Other Salaries and Wages $258,249
53.4%
Assets/Debt
Total Assets $551,866
Total Liabilities $44,528
Net Assets $507,338

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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