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
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 →
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.
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.
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?
Based on AI analysis of IRS 990 filings, Alto Lakes Scholarship Fund Inc (EIN: 201183901) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Alto Lakes Scholarship Fund Inc spend its money?
Alto Lakes Scholarship Fund Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
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.
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.
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.