Lake Mills Area Community Foundation Inc logo

Lake Mills Area Community Foundation Inc

Public charity · Grantmaker Lake Mills, WI EIN: 39-1858825 Website

LAKE MILLS AREA COMMUNITY FOUNDATION INC is a public charity based in Lake Mills, Wisconsin. Formed in 1996, it provides grants to organizations within the greater Lake Mills community to improve residents’ quality of life.

Key facts about Lake Mills Area Community Foundation Inc

In short: Lake Mills Area Community Foundation Inc gave $184K across 14 grants in 2025 (avg $13K), mostly in Wisconsin. 64% of 2025 grantees were new. Source: 2025 IRS Form 990.

EIN
39-1858825
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$183,945
Grants made (2025)
14
Average grant
$13,139
Median grant
$7,079
New grantees (estimate)
64% first-time grantees (9 of 14, 2025)
Total assets
$7,111,468
Primary geography
Wisconsin (90% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$7.1M

+18.8% YoY

Annual Giving

$184K

+52.6% YoY

Grant Count

14

+40.0% YoY

Avg Grant Size

$13K

+9.0% YoY

Is Lake Mills Area Community Foundation Inc open to new grantees?

64%

first-time grantees, 2025

In 2025, 9 of 14 grantees (64%) were first-time recipients. First grants averaged $11K; repeat grants $17K. How we count

Medians: $6K first-time, $8K repeat.

  • 36% of 2025 grantees were also funded in 2024. Method
  • Giving grew 101% from 2022 to 2025. Method

Estimate from itemized grant lists in IRS Form 990 filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

The foundation’s stated mission is to provide grants to organizations within the greater Lake Mills, Wisconsin community for the improvement of residents and enhancement of quality of life. Its 2025 filing lists grants for scholarships and grants to community organizations. Scholarship listings refer to graduating seniors.

Grantmaking

In filing year 2025, the foundation reported 14 grants totaling $183,945. Grant amounts ranged from $5,000 to $45,842, with a median of $7,079.

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Geographic Focus

Where this funder awards grants

The foundation states that it supports organizations within the greater Lake Mills, Wisconsin community. In 2025, 90% of grant dollars went to recipients in Wisconsin, 4% to Minnesota, 3% to Indiana, and 3% to Colorado.

Grant Distribution by State

8states

Share of 2025 grant dollars across all 14 itemized grants.

Cities

Lake MillsMadisonMinneapolisPlattevilleLa CrosseProvoWest LafayetteWhitewaterBoulderGoldenHoughtonIthacaJeffersonJefferson WIMenomoneeMilwaukeeNorthfieldWashingtonWatertownWaukesha

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K$200K11 grants2019 8 grants2020 8 grants2021 7 grants2022 9 grants2023 10 grants2024 14 grants2025

From 2019 to 2025, annual grant giving ranged from $91K (2022) to $184K (2025). In 2025 it made 14 grants totaling $184K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2025

Uw Madison: $46KUw Madison$46KLale Mills Area Community Foundation: $27KLale Mills Area CommunityFoundation$27KUw Platteville: $21KUw Platteville$21KUniversity of Wisconsin Lacrosse: $19KUniversity of WisconsinLacrosse$19KLake Mills Elementary School: $13KLake Mills Elementary School$13KLake Mills Food Pantry: $12KLake Mills Food Pantry$12KMadison College: $8KMadison College$8KUniversity of Minnesota: $7KUniversity of Minnesota$7KPurdue University: $6KPurdue University$6KMsoe: $6KMsoe$6K

The largest 2025 recipient was Uw Madison ($46K). Together the top 10 received $164K.

Grant Size Distribution

48 grants across all recorded years

48<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 48 grants of 48 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Uw Madison Madison, WIScholarships$45,842
Lale Mills Area Community Foundation Lake Mills, WIScholarships$27,000
Uw Platteville Platteville, WIScholarships$21,000
University of Wisconsin Lacrosse La Crosse, WIScholarships$19,250
Lake Mills Elementary School Lake Mills, WIGRANT$12,500
Lake Mills Food Pantry Lake Mills, WIGRANT$12,000
Madison College Madison, WIScholarships$7,533
University of Minnesota Minneapolis, MNScholarships$6,625
Purdue University West Lafayette, INScholarships$6,250
Msoe Milwaukee, WIScholarships$5,945

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grants Grant count
2025 $7,111,468 $1,419,329 $342,690 $183,945 14
2024 $5,988,546 $1,008,029 $252,015 $120,574 10
2023 $4,680,377 $478,457 $201,031 $120,555 9
Revenue
Expenses
Net Investment Income
$0$500K$1M$1.5M$2M2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$7,111,468$5,988,546$4,680,377
Revenue$1,419,329$1,008,029$478,457
Expenses$342,690$252,015$201,031
Net Investment Income$738,900$377,923$199,233

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2019 (received by the IRS May 14, 2020)
  2. Updated Form 990 for fiscal year 2020 (received by the IRS April 26, 2021)
  3. Updated Form 990 for fiscal year 2021 (received by the IRS May 12, 2022)
  4. Updated Form 990 for fiscal year 2022 (received by the IRS June 28, 2023)
  5. Updated Form 990 for fiscal year 2023 (received by the IRS July 5, 2024)
  6. Updated Form 990 for fiscal year 2024 (received by the IRS May 12, 2025)
  7. Added Form 990 for fiscal year 2025 (received by the IRS August 24, 2026)

Leadership & Key People

Leadership team and compensation from IRS filings

The 2025 filing lists Richard Mason as director and president; Pamala Streich as director and vice president; Pam Lazaris as director and treasurer/secretary; and Richard Wollin, Aaron Genthe, Jim Colegrove, and Wayne Magnussen as directors. Jay Smith is listed as director at large, non-voting, and Theresa Schroeder as administrative assistant.

Lake Mills Area Community Foundation Inc is led by Richard Mason, Director & President since 2024 (on filings since 2022); none of the 9 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Richard Mason

    Director & President

    Director at Large Non Voting → Director & President, 2024

    On filings since 2022

    1 hr/week

    No compensation reported

  • Aaron Genthe

    Director

    Director at Large Non Voting → Adm Assistannt, 2022

    Adm Assistannt → Director, 2024

    On filings since 2019

    1 hr/week

    No compensation reported

  • Jay Smith

    Director at Large Non Voting

    Director → Director & President, 2022

    Director & President → Director at Large Non Voting, 2024

    On filings since 2019

    1 hr/week

    No compensation reported

  • Wayne Magnussen

    Director

    On filings since 2019

    1 hr/week

    No compensation reported

  • Pam Lazaris

    Director, Treasurer & Secretary

    Director → Director & Vice President, 2022

    Director & Vice President → Director, Treasurer & Secretary, 2024

    On filings since 2020

    1 hr/week

    No compensation reported

  • Pamala Streich

    Director & Vice President

    Director → Director & Vice President, 2024

    On filings since 2022

    1 hr/week

    No compensation reported

  • Richard Wollin

    Director

    On filings since 2022

    1 hr/week

    No compensation reported

  • Jim Colegrove

    Director

    On filings since 2024

    1 hr/week

    No compensation reported

  • Theresa Schroeder

    Adm Assistannt

    On filings since 2024

    1 hr/week

    No compensation reported

Former officers (9)
  • Former: Kerry Densen (2019–2023) — Director, Treasurer & Secretary
  • Former: Mallory Hines (2020–2023) — Adm Assistannt
  • Former: J. Brian Watson (2022–2023) — Director
  • Former: Brian Watson (2019–2021) — Director & President
  • Former: Pamela Rogers (2019–2021) — Director & Vice President
  • Former: Amanda Thompson (2020–2021) — Director
  • Former: Peggy Draeger (2019–2020) — Director
  • Former: Carol Burrows (2019) — Director
  • Former: Kenneth Stetson (2019) — Director, Treasurer & Secretary

Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Contact

Mailing address: PO Box 33, Lake Mills, WI 53551
Website: https://lakemillsareacommunityfoundation.org

Frequently asked questions about Lake Mills Area Community Foundation Inc

How much does Lake Mills Area Community Foundation Inc give each year?

Lake Mills Area Community Foundation Inc gave $184K across 14 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $121K across 10 grants.

What is Lake Mills Area Community Foundation Inc's typical grant size?

Lake Mills Area Community Foundation Inc's median grant in 2025 was $7,079, and its average grant was $13,139, across 14 grants on its 2025 IRS Form 990. Organizations receiving their first grant from Lake Mills Area Community Foundation Inc that year got $11K on average.

Where does Lake Mills Area Community Foundation Inc give grants?

Lake Mills Area Community Foundation Inc gives mostly in Wisconsin: 90% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Lake Mills, WI (5 grants) and Madison, WI (2 grants).

Does Lake Mills Area Community Foundation Inc give general operating support?

Not in 2025: none of the 14 grants with a stated purpose on Lake Mills Area Community Foundation Inc's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Scholarships" (9 grants) and "Grant" (5 grants).

Who are Lake Mills Area Community Foundation Inc's largest grantees?

Lake Mills Area Community Foundation Inc's largest 2025 grantees include Uw Madison ($45,842), Lale Mills Area Community Foundation ($27,000) and Uw Platteville ($21,000), according to its 2025 IRS Form 990. Together they received 51% of its itemized 2025 grant dollars.

How large is Lake Mills Area Community Foundation Inc?

Lake Mills Area Community Foundation Inc reported $7.1M in total assets on its 2025 IRS Form 990. Its revenue that year was $1.4M.

What does Lake Mills Area Community Foundation Inc fund?

The foundation’s stated mission is to provide grants to organizations within the greater Lake Mills, Wisconsin community for the improvement of residents and enhancement of quality of life. Its 2025 filing lists grants for scholarships and grants to community organizations. See mission & focus areas ↑

How do I apply for a grant from Lake Mills Area Community Foundation Inc?

Lake Mills Area Community Foundation Inc has no public application process in the sources Grantable reviewed. Check lakemillsareacommunityfoundation.org for current guidelines, or contact the foundation directly before submitting a request.

What is Lake Mills Area Community Foundation Inc's EIN?

Lake Mills Area Community Foundation Inc's EIN (Employer Identification Number) is 39-1858825. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.

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