Lancaster Endowment Fund School Association
Donations deductibleRevenue
$53k
year to 31 December 2025
Expenses
$6k
year to 31 December 2025
Total assets
$295k
$0 liabilities
Net assets
$295k
assets less liabilities
Directors and trustees
5
1.4 years on average
Staff
0
employees, year to 31 December 2025
Left since last filing
0
no seats appear to have opened
Officers and senior staff
4
named in Part VII
Lancaster Endowment Fund School Association's network
5 people5 organisationsi5 people and 5 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (5). Violet dotted lines (5) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.The board
5 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 9 voting members of its governing body on its latest Form 990 Part VI; we list 5 in Part VII (Part VII does not always name every voting member).| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Jesse Strege | Director | 2025 | 1 yr |
| Julie Peterson | Director | 2025 | 1 yr |
| Justin Peterson | Director | 2025 | 1 yr |
| Lacey Lupien | Director | 2025 | 1 yr |
| Shannon Bowlin | Director | 2025 | 1 yr |
Under 5 years5 to 6 years6 years or more
Officers and senior leadership
4 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Clifford Peterson | Vice President | 2025 |
| Melinda Coffield | Company secretary | 2025 |
| Nicole Thompson | President | 2025 |
| Sarah Schmalz | Treasurer | 2025 |
Pay and hours
year to 31 December 2025iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Jesse Strege | Director | 1 | $0 | ||
| Justin Peterson | Director | 1 | $0 | ||
| Julie Peterson | Director | 1 | $0 | ||
| Lacey Lupien | Director | 1 | $0 | ||
| Shannon Bowlin | Director | 1 | $0 | ||
| Nicole Thompson | President | 1 | $0 | ||
| Clifford Peterson | Vice President | 1 | $0 | ||
| Melinda Coffield | Secretary | 2 | $0 | ||
| Sarah Schmalz | Treasurer | 3 | $0 |
No pay was reported for anyone in Part VII on this return.
About
- Legal name
- Lancaster Endowment Fund School Association
- EIN
- 320744204
- Address
- 401 Central Ave S, Lancaster, MN, 56735-3602
- State
- Minnesota
- Mission
- To provide an ongoing source of additional non-taxpayer discretionary funds to lancaster school (minnesota independent district #356) via an endowment which is intended to be perpetual in nature. (as filed on the Form 990)
- Activity (NTEE)
- B11 Education
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Education
- Size band
- 4 (IRS master file code)
- Formed
- 2023
- Principal officer
- Sarah Schmalz (as named on the Form 990)
- IRS ruling date
- 1 October 2023
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 1, latest 2025
- IRS Publication 78
- PC (contributions deductible)
Most connected
Longest observed on the filings
≥1years on the filingsJesse Strege
≥1years on the filingsJulie Peterson
≥1years on the filingsJustin Peterson
≥1years on the filingsLacey Lupien
Latest return
year to 31 December 2025iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2025. US dollars, as filed.- Total assets
- $295k
- Total liabilities
- $0
- Net assets or fund balances
- $295k
- Contributions and grants received
- $27k
- Program service revenue
- $0
- Grants and similar paid out
- $5k
- Employees
- 0