Quick charity verification for The Admiral At The Lake Foundation (EIN: 204057288)
Verdict: The Admiral At The Lake Foundation appears trustworthy
85/100Mission Score
$685KRevenue
$15.2MAssets
2Red Flags
4Strengths
Red Flags
Significant expense outlier in 201712 ($3,162,341 expenses vs. $332,827 revenue) warrants further investigation.
Lack of detailed functional expense breakdown in provided data makes precise spending efficiency assessment challenging.
Strengths
Consistent financial stability with expenses generally tracking revenue.
Substantial asset base ($15,247,720 latest) provides long-term financial security.
Zero reported officer compensation across all filings, indicating efficient use of funds for mission.
Consistently low or zero liabilities, demonstrating strong balance sheet management.
Spending Breakdown
How The Admiral At The Lake Foundation 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 The Admiral At The Lake Foundation
Is The Admiral At The Lake Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Admiral At The Lake Foundation (EIN: 204057288) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is The Admiral At The Lake Foundation a good charity to donate to?
The Admiral At The Lake Foundation has a Mission Score of 85/100. Revenue: $685K. Assets: $15.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Admiral At The Lake Foundation?
The Employer Identification Number (EIN) for The Admiral At The Lake Foundation is 204057288. 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 The Admiral At The Lake Foundation spend its money?
The Admiral At The Lake Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Admiral At The Lake Foundation's tax-exempt status?
You can verify The Admiral At The Lake Foundation's tax-exempt status using EIN 204057288 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 Admiral At The Lake Foundation demonstrates consistent financial stability with substantial assets relative to its annual revenue. For the latest reported period (202312), the organization had revenue of $322,028 and expenses of $316,197, indicating a balanced operational budget. Over the past several years, expenses have generally tracked closely with revenue, with the notable exception of 201712 where expenses significantly outpaced revenue ($3,162,341 vs. $332,827), which warrants further investigation into the nature of those expenses. The organization consistently reports zero liabilities in most recent filings, suggesting a strong balance sheet and prudent financial management.
The foundation's spending efficiency appears strong, as evidenced by the close alignment of revenue and expenses in most periods, indicating that funds are being utilized for their intended purposes without significant accumulation or deficits. The absence of reported officer compensation across all filings suggests that executive leadership may be volunteer-based or compensated through a related entity, which enhances the perception of efficiency and dedication to the mission. However, without a detailed functional expense breakdown, it's challenging to precisely assess the proportion of spending dedicated to programs versus administrative or fundraising activities.
Transparency is generally good given the consistent filing of IRS Form 990s. The consistent reporting of zero officer compensation is a positive indicator. However, the lack of detailed functional expense data in the provided summary makes a full assessment of spending efficiency challenging. Further scrutiny of the full 990 forms would be necessary to understand the breakdown of program, administrative, and fundraising costs, especially given the significant asset base of $15,247,720.