Lake-Sumter State College Foundation, Inc.
9501 US Highway 441
Leesburg FL 34788
Contact Information
Address 9501 US Highway 441
Leesburg, FL 34788
Phone (352) 365-3518
Fax (352) 323-3688
Web and Social Media
Video
In 2012, 27% of Students who graduate from LSCC receive a scholarship from the Lake-Sumter Community College Foundation, Inc.
Mission
Mission Formed in 1980, the LSSC Foundation is a direct support organization established for the purpose of assisting the college in fulfilling its mission of excellence in education, service to the community and financial assistance to qualified students.
Leadership
CEO/Executive Director Mrs. Rosanne Brandeburg
Board Chair Mr. Tim McRae
Board Chair Company Affiliation Akers Media Group
History
IRS Ruling Year 1980
Financial Summary
 
 
Projected Revenue $2,599,936.00
Projected Expenses $1,287,758.00
Statements
Mission Formed in 1980, the LSSC Foundation is a direct support organization established for the purpose of assisting the college in fulfilling its mission of excellence in education, service to the community and financial assistance to qualified students.
Impact
Our top accomplishments for the past year include:
  •  To assist with student success initiatives.The LSSC Foundation, Inc. provided $41,500 in projects to faculty and staff which benefit our students.
  • Awarded over $612,000 in scholarships for students attending Lake-Sumter State College to over 628 students.
  • Received $1.8 million through its fund-raising and friend-raising efforts.
  • The LSSC Foundation recieved its largest planned gift in history totaling $505,633, which brought our total to $740,000 in planned gifts during 2013.
  • The LSSC Foundation is the recipient of a number of local and state grants totaling $71,375 in 2013.
  • As part of the 2013-2014 Performing Arts Series, we had another sold out season and reached over 7,500 residents in Lake and Sumter counties, which is categorized as an underserved area in the arts.
Our goals for the current year include:
  • To continue fundraising for a new Performing Arts Center on the Leesburg campus, that can be utilized by the community as well as provide additional classroom space for students.
  • To raise $250,000 as part of our 2014 Annual Scholarship Campaign.
  • To increase planned/estate gifts to help support scholarships, programs and services for Lake-Sumter State College.
  • To raise funds for the Baccalaureate Program in Organizational Management.
Independent Research has been conducted on this organization's theory of change or program effectiveness? No
Needs
Our top needs for the organization include:
  • To build a new Library on Leesburg Campus and to begin the Fundraising efforts for this cause.
  • To continue fundraising for a new Performing Arts Center on the Leesburg Campus.
  • To raise scholarship funds for the new Baccalaureate Program in Organizational Management.
  • To raise awareness of the newly created Alumni Association.
  • To raise fund for the Johnson Scholars STEM Program, a challenge grant that provides scholarships to students who are STEM Majors who plan to transfer to UCF. The LSSC Foundation must raise $30,000 a year, which is then matched twice, turning the donation into $90,000.
Background

Each year, the Foundation provides over $600,000 for Presidential, Principal, Ambassador and Financial Aid Scholarships, as well as additional funds for special scholarships approved through the Foundations Scholarship Committee. In addition, the Foundation currently administers over 330 scholarships provided by individuals, corporations, and civic organizations.

The Foundation also supports LSSC through the funding of projects which directly or indirectly benefit students. These projects have included assistance for the Classroom Instructional Equipment, Athletics Department Equipment, the College Libraries, the Nursing Program, College Computer Labs, and Support for faculty, staff, and students.

Because LSSC is not fully supported by the State of Florida, private support is essential to the college. Such private support is made possible through donations to the Foundation, which has been designated as a nonprofit direct-support organization under section 501(c)(3) of the Federal Internal Revenue Code.

CEO Statement Over the past thirteen years, the Lake-Sumter State College Foundation, Inc. has grown from $3 million in assets to over $16 million in assets. This would not be possible if the Foundation did not receive the generous donations made by individuals, businesses, civic groups, grant making foundations, corporations and planned/estate gifts. Each year, the Foundation kicks off its annual campaign to help raise dollars for scholarships and program support. Not only have we exceeded our goal each year, but the LSSC faculty and staff supports this campaign with over 80% who give.

The Lake-Sumter State College Foundation, Inc. believes in “Changing Lives and Building Futures” for students attending LSSC. Each year, the Foundation provides over $600,000 in scholarships and administers over 300 scholarships and endowment accounts. Lake-Sumter State College has increased its enrollment over the past three years. There are more students who want to better themselves and their families by achieving their dream of a college education. Unfortunately, if scholarships were not available, many of these students would be unable to complete their degree. As the college’s enrollment continues to increase, the amount of dollars from the state of Florida has not been able to keep up with the college’s growth. This has resulted in the need for more private donations that the Foundation seeks to receive.

Board Chair Statement For many years, the Lake-Sumter State College Foundation, Inc. has brought together a diverse group of people who share the same passion for higher education in our community. This dedicated volunteer board of business and community leaders who understand that educating students goes far beyond merely providing access and financial resources, it also includes empowering the students of our communities to help others as they have been helped, and become a successful part of the workforce in our area as they pursue their dreams here at Lake-Sumter State College.

Our community takes great pride in its support of the Lake-Sumter State College Foundation, Inc. From awarding scholarships for tuition and books to providing funds for faculty and staff to purchase equipment to further educate our students, gifts to the LSSC Foundation directly benefit local residents and positively impact economic growth and success.

I can assure you that your generous contribution to the LSSC Foundation, Inc. for student scholarships or other restricted funds is doing good in many ways. As the President of the LSSC Foundation Board, I have the pleasure to witness first-hand how these gifts make a difference in the lives of students in Lake and Sumter counties and the surrounding communities.

Whether you are a high school valedictorian, a single parent, or a returning adult student, the LSSC Foundation strives to ensure that opportunities continue to exist at LSSC for access and excellence in higher education.

As the College continues to experience record growth in enrollment, the LSSC Foundation recognizes the needs for scholarship support will increase. With your support we will do our best to meet those needs.

NTEE Information
Primary Organization Type Education
Primary Organization SubType Scholarships & Student Financial Aid
Secondary Organization Type Education
Secondary Organiztion SubType Two-Year Colleges
Tertiary Organization Type Arts,Culture & Humanities
Tertiary Organization SubType Fund Raising & Fund Distribution
Areas Served
Geographic Areas Served
FL - Lake
FL - Orange
FL - Seminole
LSSC serves all of Lake and Sumter counties and students from Seminole, Orange and some students from all over the state of Florida. Cities in Lake include Astatula, Clermont, Eustis, Fruitland Park, Groveland, Leesburg, Lake Lake, Mascotte, Minneola, Montverde, Mount Dora, Sorrento, Tavares, and The Villages. In Sumter, Bushnell, Lake Panasoffkee, Oxford, Sumterville, The Villages, Webster, and Wildwood.
Programs
Description

The Performing Arts Series at Lake-Sumter State College began presenting performances in the Paul P. Williams Auditorium over 30 years ago. In 2007, the Lake-Sumter State College Foundation, Inc. renamed its Performing Arts Series, the George O. Pringle Performing Arts Series at Lake-Sumter State College, in appreciation of the patron’s many contributions to the arts and his community. Striving to provide quality live entertainment that is enjoyable, affordable and culturally enriching, the Foundation’s Performing Arts Series has continued to change over the years to keep up with the times and the area’s growth. Through it all, George Pringle had been an avid supporter, making the renaming of the Series a fitting tribute to this champion of the arts.

The series consists of 6 performances that run from October through March. We have a Saturday matinee show, which is at 2:00 p.m., a Saturday evening show, which is at 7:30 p.m. and a Sunday Matinee show at 2:00 p.m. The series features a wide variety of quality entertainment varying from comedy, dance, musicals, big bands and nostalgia. World famous entertainers have appeared on our stage for many years, and will be for many more with the support of our patrons!

All events are held at the Paul P. Williams Auditorium, located on the Leesburg Campus of Lake-Sumter State College.

Population Served Adults
Aging, Elderly, Senior Citizens
K-12 (5-19 years)
Short Term SuccessHelpOrganizations describe near term achievement(s) or improvement(s) that will result from this program. This may represent immediate outcomes occurring as a result of the end of a session or service. The Performing Arts Series continues to grow steadily in interest. As a result a 3rd show time was added to accommodate demand, with a sold out Series, and waiting lists of over 120 people.
Long Term SuccessHelpOrganizations describe the ultimate change(s) that will result from this program. This may be far into the future and represent an ideal state. The Performing Arts Series helps increase an awareness of the arts in the community, and shows under served residents the quality of the shows being offered in their community. By being able to present great cultural performances in our area, we are able to ensure residents are being offered opportunities that would not otherwise exist without having to travel large metropolitan cities. Participation in the Performing Arts Series is integral to keeping the elderly active and happy, which directly relates to their long term health and well being.
Program Success Monitored ByHelpOrganizations describe the tools used to measure or track program impact. Program success is measure by Performing Arts Series Surveys that are administered once a year to all patrons. The series is measured using a Likert Scale, with 1 being low and 5 being high. The average enjoyment in the series is a 4. The major improvement that that needs to occur is the construction of a new Performing Arts Venue. The plans are in order to build a 2,000 seat auditorium, and we are working to secure funding for this capital project.
Examples of SuccessHelpOrganization's site specific examples of changes in clients' behaviors or testimonies of client's changes to demonstrate program success. At the end of our series all shows were sold out. We had 193 new subscribers that we were able to able to introduce to Lake-Sumter State College as well as to the cultural arts that are available in our community.
Description Each year the Foundation awards over $600,000 in scholarships to assist students in building a better future. Gifts from faculty and staff, committed citizens and civic organizations, businesses and foundations help many students lacking financial resources to achieve their educational and career goals.

The gift of a scholarship is much more than tuition, fees and books; it is the gift of education! Your contribution...

  • Encourages student commitment to education and dedication to self-improvement.
  • Offers hope and opportunity to students who lack the resources to attain their goals.
  • Strengthens the workforce by increasing the number of qualified individuals in the job market.

Thousands of deserving students need financial support to attend and complete college. Contributions from community members like you help these students reach their education and career goals. Your gift makes a difference well beyond the classroom.

Population Served General/Unspecified
At-Risk Populations
Minorities
Short Term SuccessHelpOrganizations describe near term achievement(s) or improvement(s) that will result from this program. This may represent immediate outcomes occurring as a result of the end of a session or service. The Lake-Sumter State College Foundation, Inc. awards over $600,000 in scholarships each year. On average, per semester, we have over 300 students apply for a scholarship and are able to help approximately 36% of those students fulfill their educational dreams.
Long Term SuccessHelpOrganizations describe the ultimate change(s) that will result from this program. This may be far into the future and represent an ideal state. Studies show that the number one reason students cite for dropping out of college is financial. By providing scholarships for students to attend Lake-Sumter State College will help alleviate this burden for students, and will help increase the number of students who are able to graduate, and go on to become productive members of society.
Program Success Monitored ByHelpOrganizations describe the tools used to measure or track program impact. Program success is measured by monitoring academic achievement through grade point average verification. Also there has been an increase enrollment as a result of the scholarships being offered, because more students are able to attend college with the help of scholarships.
Examples of SuccessHelpOrganization's site specific examples of changes in clients' behaviors or testimonies of client's changes to demonstrate program success. Of the graduating class of 2014, the Lake-Sumter State College Foundation had awarded scholarships to 36% of the graduating class at one point during their academic career, we were also able to award 49% or nursing graduates a scholarship. Scholarship award students also formally thank their donors for providing them with the scholarship.
Description The Lake-Sumter State College Foundation, Inc. supports Lake-Sumter State College through the funding of projects which directly or indirectly benefit students. These projects have included assistance for the Classroom Instructional Equipment, Athletics Department Equipment, the College Libraries, the Nursing Program, College Computer Labs, and Support for faculty, staff, and students.
Population Served General/Unspecified
Short Term SuccessHelpOrganizations describe near term achievement(s) or improvement(s) that will result from this program. This may represent immediate outcomes occurring as a result of the end of a session or service. Through these special projects, students are provided with an enhanced opportunity to learn. One of the ways this is done is by providing students who are in the nursing program with Simulation “Models” that they are able to practice nursing methods on to mimic real life scenarios. This will help students as the continue on their educational journey in the nursing field.
Long Term SuccessHelpOrganizations describe the ultimate change(s) that will result from this program. This may be far into the future and represent an ideal state. By providing special projects to the Faculty and Staff of Lake-Sumter State College, the institution is able to keep up with industry standards as it relates to technology, and enhanced teaching methods, as well as increase enrollment.
Program Success Monitored ByHelpOrganizations describe the tools used to measure or track program impact. Success is monitored by an increase enrollment among students in general or among certain student groups such as First Generation in College Students. Success is also measured by Faculty Surveys as well as increased student success.
Examples of SuccessHelpOrganization's site specific examples of changes in clients' behaviors or testimonies of client's changes to demonstrate program success. At Lake-Sumter State College enrollment is steady. The Faculty and Staff are continuing to deliver exceptional results in an effort to help students fulfill their educational dreams. Students at Lake-Sumter State College steadily outperform their peers with a transfer Grade Point Average of 3.1.
Board Chair
Board Chair Mr. Tim McRae
Company Affiliation Akers Media Group
Term Jan 2014 to Dec 2014
Board Co-Chair
Board Co-Chair
Board
Board Members
NameCompany AffiliationsStatusCertificate*
Mr. Charlie Adkison Bay PharmacyVoting
Mrs. Reda Alonso Reda Stewart, PAVoting
Mr. Mac Andrews Andrews & Miller, PAVoting
Mrs. Gail Baker Reunion Bank of FloridaVoting
Mrs. Kristi Bell-Boliek Vitality WellnessVoting
Mrs. Karen Bent St. Nicholas Private Asset ManagementVotingNo
Mrs. Debbie Boggus Community VolunteerVoting
Mr. Bob Bone Robert Bone, Attorney at LawVotingNo
Mrs. Rosanne Brandeburg Lake-Sumter Community CollegeNonVoting
Mr. Gary Brannen Sumter County Sheriffs DepartmentVotingNo
Dr. Ben Burnsed Lake County Anesthesia AssociatesVotingNo
Mr. Jimmy Crawford Boyette, Cummins & Nailos, PLLCVotingNo
Mr. George Davis Insight Credit UnionVoting
Mr. Mike DeGraw CenturyLinkVoting
Mrs. Lori Farfaglia United Southern BankVoting
Mrs. LeLayna France Florida Hospital WatermanVotingNo
Mr. Josh Gonzales SunTrustVoting
Mr. Darren Gray City of ClermontVotingNo
Mr. Jimmy Greene Sumter County School DistrictVoting
Mr. Harry Hackney Campione & Hackney, Attorneys at LawVoting
Mrs. Lindsay Holt Law Office of McLin BurnsedVotingNo
Ms. Stephanie Joiner Electric Services, Inc.Voting
Mr. Fred Jones Lake County Sheriff's OfficeVotingNo
Mr. David Jordan Lake County Tax CollectorVotingNo
Mr. Tim McRae Akers Media GroupVoting
Dr. Charles Mojock Lake-Sumter Community CollegeVoting
Mrs. Mary Beth Morris Central Florida Health AllianceVoting
Mr. Tim Morris Ernie Morris EnterprisesVoting
Mrs. Kathy Nail Leesburg Regional Medical CenterVotingNo
Mrs. Rene O'Day TD BankVotingNo
Mr. Sean Parks Lake County Board of County CommissionersVotingNo
Mrs. Jacqueline Perry City Of LeesburgVotingNo
Mr. Marc Robertz Schwartz Hometown Health TVVoting
Mrs. Shawna Sherman First National Bank of Mt. DoraVoting
Mrs. Carrie Showalter Brighthouse Network & ComcastVoting
Mrs. Cara Singeltary Hunt Law Firm, PAVotingNo
Dr. Gary Sligh Lake-Sumter State College, Faculty LiaisionVoting
Mr. Johnny Smith Lake Mechanical Contractors, Inc.Voting
Mrs. Sandra Stephenson Community VolunteerVotingNo
Mr. Jeff Sustarsic Edward JonesVoting
Mr. Dan Tatro Grizzard Commercial Real Estate Group, LLCVoting
Mrs. Wendy Terry Whitum Smith & BrownVoting
Mrs. Kim Varnadore Kim Varnadore Insurance AgencyVotingNo
Mrs. Linda Weekley Citizens First BankVotingNo
Mr. Joe Ziler Kevco Builders, Inc.VotingNo
*This individual has been awarded a Certificate in Orientation to Board Service by the Rollins College Philanthropy & Nonprofit Leadership Center http://pnlc.rollins.edu, the Central Florida Partnership www.centralfloridapartnership.org, and the Central Florida Foundation www.cffound.org.
Board Term Lengths 3
Board Term Limits 2
Board Ethnicity
Asian American/Pacific Islander 0
Caucasian 42
Hispanic/Latino 1
Native American/American Indian 0
Other 0
Other (if specified) 0
Policies
Written Board Selection Criteria No
Written Conflict of Interest Policy Yes
Percentage of Monetary Contributions 80%
Percentage of In-Kind Contributions 85%
Constituency Includes Client Representation No
Standing Committees
Standing Committees
Committee Name
Finance
Scholarship
Special Events (Golf Tournament, Walk / Run, Silent Auction, Dinner / Gala)
Endowment
Membership
Community Outreach / Community Relations
Nominating
Comments
CEO Comments
Our Board Chair is actually titled as our Board President.
 
Another standing committee that we offer is the Alumni Committee.
CEO/Executive Director
CEO/Executive Director Mrs. Rosanne Brandeburg
Term Start Apr 2001
Email BrandebR@lssc.edu
Experience Rosanne Brandeburg, M.B.A. was named Executive Director of the Lake-Sumter State College Foundation, Inc. on April 19, 2001. She is responsible for the day-to-day operations of the Institutional Advancement/Foundation, cultivating new and existing donors, and developing and maintaining relationships with internal and external audiences for fundraising activities. In addition, she works with a 45-member board of directors and handles gifts made to the LSSC Foundation, Inc.

During the past twelve years, Rosanne has been instrumental in growing the Foundation’s assets from $3 million to just over $16 million. During this time, the Foundation has awarded over $4 million in scholarships and $1 million in program support to Lake-Sumter State College.

Rosanne is very active in her community by serving on various state and local boards including: The Florida College System Foundation, Florida Council for Resource Development, Education Foundation of Lake County, Florida, Take Stock in Children for Lake and Sumter Counties, Leesburg Area Chamber of Commerce, Lake County Chamber Alliance, and Altrusa International of Lake County. In 2008, Rosanne was elected to the Lake County School Board and earned her certification as a Certified School Board Member and a Master School Board Member. She is also very active with her teenage son who will begin his Freshman year at the University of Florida in August 2013.

Prior to joining Lake-Sumter State College, Rosanne spent 16 years working in health care public relations and marketing in hospitals in Gainesville, Orlando and Leesburg, Florida. She received her Master’s in Business Administration from Nova University, and her Bachelor’s of Science degree in Public Relations from the University of Florida.

She is married and has one son. Rosanne believes that the greatest gift we can give is a good education for this can never be taken away.

CEO Salary Range $75,001 - $100,000
Former CEOs
Former CEOs
NameStartEnd
Dr. Jerry Smith Sept 1992Nov 1996
Mr. Herbert Winemiller Mar 1997June 2000
Staff
Number of Full Time Staff 5
Number of Part Time Staff 0
Number of Volunteers 150
Number of Contract Staff 0
Staff Retention Rate 80%
Senior Staff
Title Development Manager
Experience/Biography
Title Senior Staff Assistant
Experience/Biography
Title Alumni/Scholarship Coordinator
Experience/Biography
Title Manager of Foundation Financials
Experience/Biography
Other
Collaborations
The Lake-Sumter State College Foundation, Inc. values its partnerships with local businesses. Some of our partnerships include:
 
Central Florida Health Alliance
Florida Hospital Waterman
South Lake Hospital
City of Bushnell
City of Leesburg
SECO
Lake County School District
Lake County Board of County Commissioners
State Registration Yes
Fiscal Year
Fiscal Year Start Jan 01, 2014
Fiscal Year End Dec 31, 2014
Detailed Financials
Revenue SourcesHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available) and revenue sources may not sum to total based on reconciliation differences. Revenue from foundations and corporations may include individual contributions when not itemized separately.
Fiscal Year201320122011
Foundation and
Corporation Contributions
$0$25,000$0
Government Contributions$0$0$0
Federal$0$0$0
State$0$0$0
Local$0$0$0
Unspecified$0$0$0
Individual Contributions$1,505,023$1,023,178$1,200,351
$0$0$0
$0$54,125$53,400
Investment Income, Net of Losses$426,937$757,634$523,580
Membership Dues$0$0$0
Special Events$128,380$126,622$58,106
Revenue In-Kind$339,328$0$410,918
Other$62,913$7,720$7,360
Expense Allocations
Fiscal Year201320122011
Program Expense$1,260,159$817,007$723,378
Administration Expense$181,345$157,863$145,132
Fundraising Expense$51,453$27,238$19,489
Payments to Affiliates$0$0$0
Total Revenue/Total Expenses1.421.992.20
Program Expense/Total Expenses84%82%81%
Fundraising Expense/Contributed Revenue3%2%2%
Assets and Liabilities
Fiscal Year201320122011
Total Assets$15,861,769$13,799,446$12,649,359
Current Assets$9,945,067$3,170,356$7,614,789
Long-Term Liabilities$810,162$601,182$617,019
Current Liabilities$84,312$263,102$75,888
Total Net Assets$14,967,295$12,918,923$11,956,452
Top Funding Sources
Fiscal Year201320122011
Top Funding Source & Dollar AmountIndividuals, Foundations, Corporations $1,505,023Individuals $1,023,178Individuals, Foundations, Corporations $1,200,351
Second Highest Funding Source & Dollar AmountInvestment $426,937Investment Income $757,634Investment Income, Net of Losses $523,580
Third Highest Funding Source & Dollar AmountInkind Revenue $339,328Special Events $126,622Inkind Revenue $410,918
Solvency
Short Term Solvency
Fiscal Year201320122011
Current Ratio: Current Assets/Current Liabilities117.9612.05100.34
Long Term Solvency
Fiscal Year201320122011
Long-Term Liabilities/Total Assets5%4%5%
Capital Campaign
Currently in a Capital Campaign? Yes
Campaign Goal 250000
Capital Campaign Dates Sept 2014 - Dec 2014
Capital Campaign Anticipated in Next 5 Years? Yes
Comments
CEO Comments
Foundation Comments
Financial figures taken from IRS Form 990.
For fiscal year 2012, 990 and audit did not reconcile.  For other tax years, 990 and audit are reconciled.
In-kind revenue includes donated services and use of facilities as reported on the IRS Form 990.   It is not included in total revenue amount on the form 990.
Endowment is not held at the Community Foundation.
Voluntary Organizations Active in Disaster
Notes Programs listed here are those that are only activated during a disaster. Some organizations have unified budgeting and do not budget by program. Because of this, some budget fields may be blank or represent an approximation. Organization describes previous experience during the immediate response, recovery or rebuilding phases following a disaster.