Alto Lakes Scholarship Fund Inc
Alto Lakes Scholarship Fund Inc consistently grows assets with no executive compensation, demonstrating strong financial health.
EIN: 201183901 · Alto, NM · NTEE: B82 · Updated: 2026-03-28
Source Check Matrix
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Alto Lakes Scholarship Fund Inc is mapped to EIN 201183901.
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12 stored filing years available.
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90% program spend, health grade A
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| Metric | Value |
|---|---|
| Total Revenue | $73K |
| Total Expenses | $62K |
| Program Spending | 90% |
| Net Assets | $158K |
| Transparency Score | 95/100 |
Search Intent Cockpit
Alto Lakes Scholarship Fund Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Alto Lakes Scholarship Fund Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Alto Lakes Scholarship Fund Inc in one place.
Form 990 Filing Summary
12 filing years are available, with latest revenue of $90K and expenses of $62K.
Revenue and Expenses
Alto Lakes Scholarship Fund Inc reported $90K in revenue and $62K in expenses, a surplus of $28K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
95/100 mission score, 0 red flags, and 5 strengths are shown from structured and AI review.
Is Alto Lakes Scholarship Fund Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $56K (90%) |
Across stored filings, Alto Lakes Scholarship Fund Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade A | 12 stored filing years |
| Peer context | Compare with Stevan & Cynthia Pearce Charitable Foundation | New Mexico and Education context |
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Alto Lakes Scholarship Fund Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Alto Lakes Scholarship Fund Inc
Alto Lakes Scholarship Fund Inc (EIN: 201183901) is a nonprofit organization based in Alto, NM, classified under NTEE code B82. The organization reported total revenue of $73K and total assets of $161K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Alto Lakes Scholarship Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Alto Lakes Scholarship Fund Inc is a micro nonprofit that has been operating for 21 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $90K |
| Total Expenses | $62K |
| Surplus / Deficit | +$28K |
| Total Assets | $158K |
| Net Assets | $158K |
| Operating Margin | 31.2% |
| Months of Reserves | 30.5 months |
Financial Health Grade: A
In 2023, Alto Lakes Scholarship Fund Inc reported a surplus of $28K with revenue exceeding expenses, holds 30.5 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2023), Alto Lakes Scholarship Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.4% | +19.3% | +21.7% |
| 2022 | +7.3% | -3.3% | +50.2% |
| 2021 | +89.9% | -10.0% | +89.7% |
| 2019 | -7.0% | +27.8% | -22.2% |
| 2018 | +20.2% | -21.5% | +6.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Alto Lakes Scholarship Fund Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Alto Lakes Scholarship Fund Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $28K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is 0% across all reported periods, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a nonprofit of this size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Alto Lakes Scholarship Fund Inc:
- Consistent asset growth, from $45,571 in 2019 to $158,081 in 2023.
- No reported liabilities across all filing periods.
- 0% officer compensation, indicating a volunteer-driven leadership.
- Revenues consistently exceeding expenses in recent years (e.g., $90,417 revenue vs. $62,216 expenses in 2023).
- Strong program focus implied by the lack of executive compensation and mission as a scholarship fund.
Frequently Asked Questions about Alto Lakes Scholarship Fund Inc
Is Alto Lakes Scholarship Fund Inc a legitimate charity?
Alto Lakes Scholarship Fund Inc (EIN: 201183901) is a registered tax-exempt nonprofit based in New Mexico. Our AI analysis gives it a Mission Score of 95/100. It has 12 years of IRS 990 filings on record. Total revenue: $73K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Alto Lakes Scholarship Fund Inc spend its money?
Alto Lakes Scholarship Fund Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Alto Lakes Scholarship Fund Inc tax-deductible?
Alto Lakes Scholarship Fund Inc is registered as a tax-exempt nonprofit (EIN: 201183901). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Alto Lakes Scholarship Fund Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Alto Lakes Scholarship Fund Inc is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Alto Lakes Scholarship Fund Inc located?
Alto Lakes Scholarship Fund Inc is headquartered in Alto, New Mexico and files with the IRS under EIN 201183901. It is classified under NTEE code B82.
How many years of IRS 990 filings does Alto Lakes Scholarship Fund Inc have?
Alto Lakes Scholarship Fund Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $73K in total revenue.
Is Alto Lakes Scholarship Fund Inc a good charity?
Yes, Alto Lakes Scholarship Fund Inc appears to be a very good charity. It consistently grows its assets, has no liabilities, and operates with 0% executive compensation, indicating a strong commitment to its mission and efficient use of funds.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved, especially in recent years. Assets have grown from $45,571 in 2019 to $158,081 in 2023, and revenues have consistently outpaced expenses since 2021.
Does Alto Lakes Scholarship Fund Inc pay its officers?
No, the IRS 990 data indicates that Alto Lakes Scholarship Fund Inc has paid 0% in officer compensation across all reported periods, suggesting a volunteer-led organization.
Filing History
IRS 990 filing history for Alto Lakes Scholarship Fund Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Alto Lakes Scholarship Fund Inc's revenue has grown by 89.9%, moving from $48K to $90K. Total assets increased by 165.7% over the same period, from $60K to $158K. Total functional expenses rose by 42.4%, from $44K to $62K. In its most recent filing year (2023), Alto Lakes Scholarship Fund Inc reported a surplus of $28K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $90K | $62K | $158K | $0 | — | — |
| 2022 | $96K | $52K | $130K | $0 | — | View 990 |
| 2021 | $89K | $54K | $86K | $0 | — | — |
| 2019 | $47K | $60K | $46K | $0 | — | View 990 |
| 2018 | $50K | $47K | $59K | $0 | — | View 990 |
| 2017 | $42K | $60K | $55K | $0 | — | View 990 |
| 2016 | $20K | $52K | $73K | $0 | — | View 990 |
| 2015 | $13K | $37K | $104K | $0 | — | View 990 |
| 2014 | $43K | $48K | $128K | $0 | — | View 990 |
| 2013 | $59K | $20K | $133K | $0 | — | View 990 |
| 2012 | $89K | $53K | $114K | $19K | — | View 990 |
| 2011 | $48K | $44K | $60K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $90K, expenses of $62K, and assets of $158K (revenue -5.4% year-over-year).
- 2022: Revenue of $96K, expenses of $52K, and assets of $130K (revenue +7.3% year-over-year).
- 2021: Revenue of $89K, expenses of $54K, and assets of $86K (revenue +89.9% year-over-year).
- 2019: Revenue of $47K, expenses of $60K, and assets of $46K (revenue -7.0% year-over-year).
- 2018: Revenue of $50K, expenses of $47K, and assets of $59K (revenue +20.2% year-over-year).
- 2017: Revenue of $42K, expenses of $60K, and assets of $55K (revenue +106.1% year-over-year).
- 2016: Revenue of $20K, expenses of $52K, and assets of $73K (revenue +57.7% year-over-year).
- 2015: Revenue of $13K, expenses of $37K, and assets of $104K (revenue -70.0% year-over-year).
- 2014: Revenue of $43K, expenses of $48K, and assets of $128K (revenue -26.5% year-over-year).
- 2013: Revenue of $59K, expenses of $20K, and assets of $133K (revenue -33.8% year-over-year).
- 2012: Revenue of $89K, expenses of $53K, and assets of $114K (revenue +85.9% year-over-year).
- 2011: Revenue of $48K, expenses of $44K, and assets of $60K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Alto Lakes Scholarship Fund Inc:
Data Sources and Methodology
This transparency report for Alto Lakes Scholarship Fund Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.