Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data, limiting precise efficiency analysis.
Strengths
Significant reduction in liabilities from $960,955 in 2014 to $81,915 in 2023, indicating improved financial stability.
Consistent reporting of 0% officer compensation across all filings, suggesting low executive overhead.
Positive net income in recent years, such as $122,264 in 2023, contributing to asset growth.
Growing net assets from $247,526 in 2019 to $546,283 in 2023, strengthening the organization's financial position.
Consistent IRS 990 filing history, indicating good transparency practices.
Spending Breakdown
How Northern Lakes Partners Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Northern Lakes Partners Inc
Is Northern Lakes Partners Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Northern Lakes Partners Inc (EIN: 205764841) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
Is Northern Lakes Partners Inc a good charity to donate to?
Northern Lakes Partners Inc has a Mission Score of 85/100. Revenue: $849K. Assets: $434K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Northern Lakes Partners Inc?
The Employer Identification Number (EIN) for Northern Lakes Partners Inc is 205764841. 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 Northern Lakes Partners Inc spend its money?
Northern Lakes Partners Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Northern Lakes Partners Inc's tax-exempt status?
You can verify Northern Lakes Partners Inc's tax-exempt status using EIN 205764841 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
Northern Lakes Partners Inc demonstrates consistent financial operations, with revenues and expenses generally in the range of $700,000 to $1,000,000 over the past several years. The organization has shown a positive trend in net assets, increasing from $247,526 in 2019 to $546,283 in 2023, while significantly reducing liabilities from $394,504 to $81,915 over the same period. This indicates improved financial stability and a healthier balance sheet.
The organization's spending efficiency appears strong, as evidenced by the consistent positive net income in most recent years (e.g., $122,264 in 2023 and $132,110 in 2020). The absence of reported officer compensation across all filings suggests that leadership may be volunteer-based or compensated through other means not categorized as officer compensation, which can contribute to lower administrative overhead. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment of spending efficiency is limited.
Transparency is generally good given the consistent filing of IRS Form 990s. The consistent reporting of zero officer compensation is a notable aspect of their financial structure. To further enhance transparency, a more granular breakdown of functional expenses would be beneficial for stakeholders to understand how funds are allocated across different activities.