Capitol Lakes Foundation Inc
EIN: 383781089 · Madison, WI · NTEE: L22
| Metric | Value |
|---|---|
| Total Revenue | $352K |
| Total Expenses | $241K |
| Net Assets | $1.8M |
Is Capitol Lakes Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Capitol Lakes Foundation Inc
Capitol Lakes Foundation Inc (EIN: 383781089) is a nonprofit organization based in Madison, WI, classified under NTEE code L22. The organization reported total revenue of $352K and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Capitol Lakes Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Capitol Lakes Foundation Inc is a small nonprofit that has been operating for 17 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 22.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $350K |
| Total Expenses | $241K |
| Surplus / Deficit | +$109K |
| Total Assets | $1.8M |
| Total Liabilities | $31K |
| Net Assets | $1.8M |
| Operating Margin | 31.2% |
| Debt-to-Asset Ratio | 1.7% |
| Months of Reserves | 90.5 months |
Financial Health Grade: A
In 2023, Capitol Lakes Foundation Inc reported a surplus of $109K with revenue exceeding expenses, holds 90.5 months of operating reserves (strong position), has a debt-to-asset ratio of 1.7% (very low leverage).
Financial Trends
Over 11 years of filings (2013–2023), Capitol Lakes Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 22.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.2% | +17.0% | +17.2% |
| 2022 | +23.9% | +4.5% | -12.8% |
| 2021 | +101.8% | -0.1% | +30.5% |
| 2020 | +10.2% | +16.7% | +5.1% |
| 2019 | -44.9% | -2.7% | -2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Capitol Lakes Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Capitol Lakes Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $109K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.7%.
Frequently Asked Questions about Capitol Lakes Foundation Inc
Is Capitol Lakes Foundation Inc a legitimate charity?
Capitol Lakes Foundation Inc (EIN: 383781089) is a registered tax-exempt nonprofit based in Wisconsin. It has 11 years of IRS 990 filings on record. Total revenue: $352K. No red flags identified. Financial health grade: A.
How does Capitol Lakes Foundation Inc spend its money?
Capitol Lakes Foundation Inc reported $352K in total revenue in IRS 990 filings. 11 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Capitol Lakes Foundation Inc tax-deductible?
Capitol Lakes Foundation Inc is registered as a tax-exempt nonprofit (EIN: 383781089). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Capitol Lakes Foundation Inc located?
Capitol Lakes Foundation Inc is headquartered in Madison, Wisconsin and files with the IRS under EIN 383781089. It is classified under NTEE code L22.
How many years of IRS 990 filings does Capitol Lakes Foundation Inc have?
Capitol Lakes Foundation Inc has 11 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 $352K in total revenue.
Filing History
IRS 990 filing history for Capitol Lakes Foundation Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Capitol Lakes Foundation Inc's revenue has grown by 658.7%, moving from $46K to $350K. Total assets increased by 162.9% over the same period, from $690K to $1.8M. Total functional expenses rose by 624%, from $33K to $241K. In its most recent filing year (2023), Capitol Lakes Foundation Inc reported a surplus of $109K, with revenue exceeding expenses. The organization holds $31K in liabilities against $1.8M in assets (debt-to-asset ratio: 1.7%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $350K | $241K | $1.8M | $31K | — | View 990 |
| 2022 | $394K | $206K | $1.5M | $32K | — | — |
| 2021 | $318K | $197K | $1.8M | $9K | — | View 990 |
| 2020 | $158K | $197K | $1.4M | $14K | — | View 990 |
| 2019 | $143K | $169K | $1.3M | $15K | — | View 990 |
| 2018 | $260K | $174K | $1.3M | $9K | — | View 990 |
| 2017 | $86K | $46K | $1.3M | $8K | — | View 990 |
| 2016 | $122K | $85K | $1.1M | $1K | — | View 990 |
| 2015 | $590K | $116K | $1.0M | $9K | — | View 990 |
| 2014 | $106K | $94K | $721K | $5K | — | View 990 |
| 2013 | $46K | $33K | $690K | $16K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $350K, expenses of $241K, and assets of $1.8M (revenue -11.2% year-over-year).
- 2022: Revenue of $394K, expenses of $206K, and assets of $1.5M (revenue +23.9% year-over-year).
- 2021: Revenue of $318K, expenses of $197K, and assets of $1.8M (revenue +101.8% year-over-year).
- 2020: Revenue of $158K, expenses of $197K, and assets of $1.4M (revenue +10.2% year-over-year).
- 2019: Revenue of $143K, expenses of $169K, and assets of $1.3M (revenue -44.9% year-over-year).
- 2018: Revenue of $260K, expenses of $174K, and assets of $1.3M (revenue +202.4% year-over-year).
- 2017: Revenue of $86K, expenses of $46K, and assets of $1.3M (revenue -29.4% year-over-year).
- 2016: Revenue of $122K, expenses of $85K, and assets of $1.1M (revenue -79.4% year-over-year).
- 2015: Revenue of $590K, expenses of $116K, and assets of $1.0M (revenue +456.6% year-over-year).
- 2014: Revenue of $106K, expenses of $94K, and assets of $721K (revenue +129.8% year-over-year).
- 2013: Revenue of $46K, expenses of $33K, and assets of $690K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Capitol Lakes Foundation Inc:
Data Sources and Methodology
This transparency report for Capitol Lakes Foundation 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.