Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2004.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
95 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
12 people listed on the 990; $111K paid to officers and key staff.
Deanna Thomas’s $136K as Executive Director is at the 11th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 4 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Deanna Thomas | $136,500 | $136,000 | $130,000 | $59,907 | — | — |
| Diane Culpepper | — | — | — | $95,406 | $114,907 | $111,089 |
| Melissa Stephan | $110,250 | $105,000 | — | — | — | — |
| Tonya Hefley | $110,250 | $105,000 | — | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Lake Technical College INC executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Provides career and technical training to meet community educational needs.
Questions for Lake Technical College INC
Your first name shows with your question. Lake Technical College INC answers here, for everyone.
Curriculum and program design reflect the needs and standards of the respective industry. Instruction is largely individualized, which allows students to progress based on their abilities. Individualized special accommodation and remediation is a standard practice for students who require assistance.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Federal money
The auditor reported: a material weakness in money controls.
The auditor reported no findings.
The auditor reported no findings.
The auditor reported no findings.
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $8.3M | $8.4M |
| Land, buildings, equipmentLn 10c | $5.8M | $5.8M |
| Total assetsLn 16 | $15.6M | $15.7M |
| LiabilitiesLn 26 | $6.5M | $6.1M |
| Net assetsLn 32 | $9.1M | $9.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $1.6M | $1.6M | ||
| Pay of current officers, directors and key staffLn 5 | $137K | $130K | $7K | |
| Other salaries and wagesLn 7 | $5.4M | $5.1M | $283K | |
| Pension plan contributionsLn 8 | $492K | $460K | $32K | |
| Other employee benefitsLn 9 | $649K | $614K | $35K | |
| Payroll taxesLn 10 | $309K | $290K | $18K | |
| Accounting feesLn 11c | $50K | $25K | $25K | |
| Office expensesLn 13 | $144K | $132K | $12K | |
| Information technologyLn 14 | $70K | $69K | $509 | |
| OccupancyLn 16 | $419K | $380K | $39K | |
| TravelLn 17 | $32K | $27K | $6K | |
| Depreciation, depletion and amortizationLn 22 | $235K | $234K | $1K | |
| InsuranceLn 23 | $97K | $38K | $59K | |
| Other expenses (24a–d)Ln 24 | $2.0M | $2.0M | $39K | |
| All other expensesLn 24e | $1K | $919 | $280 | |
| Total functional expensesLn 25 | $11.7M | $11.1M | $556K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Feb 23, 2026 | $21.7M | $18.7M | $3.0M | $17.8M | 990 PDF |
| FY2024Filed with the IRS May 15, 2025 | $22.1M | $23.9M | −$1.7M | $14.8M | 990 PDF |
| FY2023Filed with the IRS May 13, 2024 | $14.8M | $14.7M | $133K | $16.5M | 990 PDF |
| FY2022Filed with the IRS May 15, 2023 | $19.8M | $13.6M | $6.1M | $16.7M | 990 PDF |
| FY2021Filed with the IRS Mar 29, 2022 | $18.3M | $17.7M | $600K | $10.6M | 990 PDF |
| FY2020 ViewingFiled with the IRS May 20, 2021 | $12.2M | $11.7M | $498K | $9.6M | 990 PDF |
Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $12,171,689 revenue, 12 lines filed
Part VI · Governance 9 of 9 board members independent, no flags
Part VIII · Statement of revenue $12,171,689 across 7 lines filed
Part IX · Statement of functional expenses $11,673,795 across 15 lines filed
Part X · Balance sheet $15,710,396 assets, 15 lines filed
Part XI · Reconciliation of net assets $9,645,730 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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