AI Transparency Report
The Jacobsen Lake Foundation demonstrates consistent financial stability with a healthy asset base relative to its revenue. Over the past decade, its assets have generally remained above $200,000, reaching $254,890 in the latest period, significantly exceeding its latest annual revenue of $53,285. The organization has shown a positive trend in revenue growth, with the latest period's revenue of $53,285 being substantially higher than previous years, such as $17,593 in 2022 and $10,154 in 2019. This indicates an improving ability to attract funding.
Spending efficiency appears strong, particularly in the most recent filing (202312), where expenses were $21,900 against revenue of $46,280, suggesting a surplus. Historically, the foundation has often spent more than it brought in, as seen in 202212 (Expenses $24,109 vs. Revenue $17,593) and 201912 (Expenses $19,609 vs. Revenue $10,154). However, the recent trend shows better fiscal management. The consistent reporting of zero officer compensation across all filings indicates a volunteer-driven or very lean operational model, which contributes to high spending efficiency by minimizing overhead related to executive salaries. The minimal liabilities (often $1) also point to sound financial management and low debt risk.
Transparency is high given the consistent filing of IRS Form 990s over a long period (10 filings provided). The detailed financial data, including revenue, expenses, assets, liabilities, and officer compensation, is readily available. The absence of officer compensation further enhances transparency by showing that funds are not being diverted to high executive salaries. The NTEE code T22 (Recreational, Sports, Leisure, and Athletics) provides a clear indication of its programmatic focus, aligning with good transparency practices.