Is Lake Region Electric Cooperative Foundation Inc Legit?
Quick charity verification for Lake Region Electric Cooperative Foundation Inc (EIN: 113793478)
Verdict: Lake Region Electric Cooperative Foundation Inc appears trustworthy
95/100Mission Score
$85KRevenue
$309KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent 0% officer compensation, indicating high efficiency and direct application of funds.
Steady growth in assets from $186,979 in 2014 to $308,944 currently, demonstrating strong financial management.
Low and manageable liabilities across most filing periods.
Consistent filing of IRS Form 990s over 13 periods, showing commitment to transparency.
Stable revenue base, allowing for consistent operations.
Spending Breakdown
How Lake Region Electric Cooperative Foundation Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Lake Region Electric Cooperative Foundation Inc
Is Lake Region Electric Cooperative Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lake Region Electric Cooperative Foundation Inc (EIN: 113793478) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Lake Region Electric Cooperative Foundation Inc a good charity to donate to?
Lake Region Electric Cooperative Foundation Inc has a Mission Score of 95/100. Revenue: $85K. Assets: $309K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Lake Region Electric Cooperative Foundation Inc?
The Employer Identification Number (EIN) for Lake Region Electric Cooperative Foundation Inc is 113793478. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Lake Region Electric Cooperative Foundation Inc spend its money?
Lake Region Electric Cooperative Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Lake Region Electric Cooperative Foundation Inc's tax-exempt status?
You can verify Lake Region Electric Cooperative Foundation Inc's tax-exempt status using EIN 113793478 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Lake Region Electric Cooperative Foundation Inc demonstrates consistent financial health with stable revenue streams, averaging around $85,000-$90,000 annually over the past decade. The organization consistently maintains a healthy asset base, growing from $186,979 in 2014 to $308,944 currently, indicating sound financial management and accumulation of resources. Their spending efficiency appears strong, particularly given that officer compensation has consistently been reported as 0% across all available filings, suggesting that administrative costs are kept low and resources are directed towards their mission. The foundation's liabilities have generally remained low, further indicating prudent financial stewardship.
While specific program spending percentages are not detailed in the provided summary, the consistent absence of officer compensation is a significant positive indicator for spending efficiency. The organization's revenue has slightly decreased from a peak of $95,769 in 2014 to $84,628 currently, but this decline is modest and does not appear to impact their ability to maintain assets or manage expenses effectively. The foundation's consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to transparency, allowing public scrutiny of their financial operations.
Overall, the Lake Region Electric Cooperative Foundation Inc appears to be a financially stable and efficiently managed organization. Their consistent asset growth, low liabilities, and zero officer compensation suggest a strong focus on utilizing funds for their intended purpose. The regular filing of financial documents further enhances their transparency.