Greater Lake City Community Foundation
Community Foundation providing assistance for the betterment of the community. Pillars are Education, Community and Economic Development, Arts and Environment.
Key facts about Greater Lake City Community Foundation
- EIN
- 45-5337894
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $32,500
- Grants made (2025)
- 3
- Average grant
- $10,833
- Median grant
- $10,000
- Total assets
- $1,077,714
- Primary geography
- Minnesota (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Greater Lake City Community Foundation funds
By grant dollars, the top recipient states for Greater Lake City Community Foundation's 3 itemized 2025 grants were Minnesota (100%). The most frequent recipient cities were Lake City, MN (2 grants). 33% of grants with a stated purpose were for general or operating support.
How Greater Lake City Community Foundation gives
- Giving grew 85% from 2022 to 2025. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Greater Lake City Community Foundation
- How to evaluate Greater Lake City Community Foundation as a funder
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Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$1.1M
+27.4% YoY
Annual Giving
$33K
+225.0% YoY
Grant Count
3
+200.0% YoY
Avg Grant Size
$11K
+8.3% YoY
About Greater Lake City Community Foundation
Based on IRS filings
Greater Lake City Community Foundation is a nonprofit organization focused on Community Improvement & Capacity Building, based in Lake City, MN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.1M in total assets. In 2025, it awarded 3 grants totaling $33K. Net investment income was $57K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 3 itemized 2025 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,077,714 | $846,137 | $547,704 |
| Revenue | $249,796 | $288,254 | $138,930 |
| Expenses | $101,174 | $49,320 | $40,408 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $56,548 | $28,589 | $14,707 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS January 11, 2022)
- Updated Form 990 for fiscal year 2021 (received by the IRS March 30, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS April 4, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 9, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 13, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 7, 2026)
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
Grant Size Distribution
8 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest recipients include First Lutheran Church ($15,000), United Way ($10,000), Lake City Area Arts ($7,500).
| Recipient | Purpose | Amount |
|---|---|---|
| First Lutheran Church Lake City, MN | General Donation | $15,000 |
| United Way Red Wing, MN | Childrens Food Program | $10,000 |
| Lake City Area Arts Lake City, MN | Arts Programming | $7,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Bruce Carlstrom | Secretary | 20 | $12,000 |
| Peter Coyle | Chairman | 5 | — |
| Beth Krehbiel | President | 1 | — |
| Mark Nichols | Director | 5 | — |
| Steven Lang | Treasurer | 5 | — |
| Heather Banks | Asst Treasurer | 1 | — |
| Gregory Langfield | Director | 2 | — |
| Jolene Harvey | Director | 1 | — |
| Sarah Blaser | Director | 1 | — |
| Peg Mattke | Director | 1 | — |
| Ann Nibbe | Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Greater Lake City Community Foundation?
Greater Lake City Community Foundation is a nonprofit organization focused on Community Improvement & Capacity Building, based in Lake City, MN. It holds $1.1M in total assets as of 2025.
How large is Greater Lake City Community Foundation?
As of 2025, Greater Lake City Community Foundation holds $1.1M in total assets with $250K in annual revenue. It awarded 3 grants totaling $33K in 2025.
Where does Greater Lake City Community Foundation operate?
Greater Lake City Community Foundation has awarded grants in Minnesota.
What size grants does Greater Lake City Community Foundation award?
In 2025, Greater Lake City Community Foundation awarded 3 grants totaling $33K — an average of about $11K per grant, based on its IRS Form 990 filings.
What is Greater Lake City Community Foundation's EIN?
Greater Lake City Community Foundation's EIN (Employer Identification Number) is 45-5337894. IRS Form 990 filing data is available on this page for 2020–2025.
Explore Open Grants
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.