Fayson Lakes Association
Fayson Lakes Association: Stable Finances, Community-Focused Spending
EIN: 221468840 · Kinnelon, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $583K |
| Total Expenses | $428K |
| Program Spending | 75% |
| Net Assets | $876K |
| Transparency Score | 75/100 |
Search Intent Cockpit
Fayson Lakes Association Form 990, Revenue, CEO Pay, and IRS Filing Signals
Fayson Lakes Association 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 Fayson Lakes Association in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $558K and expenses of $428K.
Revenue and Expenses
Fayson Lakes Association reported $558K in revenue and $428K in expenses, a surplus of $131K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
75/100 mission score, 0 red flags, and 3 strengths are shown from structured and AI review.
Is Fayson Lakes Association 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 | $321K (75%) |
Across stored filings, Fayson Lakes Association shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 75% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Dance For The Cure Inc | New Jersey and category context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
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Local and Sector Spokes
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Kinnelon, NJ nonprofitsFollow the Money
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Keep the Investigation Moving
Fayson Lakes Association directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fayson Lakes Association
Fayson Lakes Association (EIN: 221468840) is a nonprofit organization based in Kinnelon, NJ. The organization reported total revenue of $583K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fayson Lakes Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fayson Lakes Association is a small nonprofit that has been operating for 51 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $558K |
| Total Expenses | $428K |
| Surplus / Deficit | +$131K |
| Total Assets | $1.4M |
| Total Liabilities | $526K |
| Net Assets | $876K |
| Operating Margin | 23.4% |
| Debt-to-Asset Ratio | 37.5% |
| Months of Reserves | 39.3 months |
Financial Health Grade: A
In 2024, Fayson Lakes Association reported a surplus of $131K with revenue exceeding expenses, holds 39.3 months of operating reserves (strong position), has a debt-to-asset ratio of 37.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2012–2024), Fayson Lakes Association's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +4.4% | +8.2% | +13.0% |
| 2023 | +1.1% | -2.0% | +3.0% |
| 2022 | +10.8% | +2.2% | -8.1% |
| 2021 | +0.8% | +10.9% | +10.7% |
| 2020 | +5.0% | -27.5% | +2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1975 |
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 Fayson Lakes Association with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Fayson Lakes Association allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $131K, with revenue exceeding expenses.
- Debt-to-asset ratio: 37.5%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, but given the nature of the organization and its revenue, it is likely reasonable and in line with similar community associations.
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 Fayson Lakes Association:
- Consistent revenue generation over several years, demonstrating stable community support.
- Healthy asset base, with total assets consistently over $1 million.
- Expenses are well-managed, generally staying below revenue, leading to positive net assets.
Frequently Asked Questions about Fayson Lakes Association
Is Fayson Lakes Association a legitimate charity?
Fayson Lakes Association (EIN: 221468840) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $583K. No red flags identified. 3 strengths noted. Financial health grade: A.
How does Fayson Lakes Association spend its money?
Fayson Lakes Association directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Fayson Lakes Association tax-deductible?
Fayson Lakes Association is registered as a tax-exempt nonprofit (EIN: 221468840). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Fayson Lakes Association's spending goes to programs?
Fayson Lakes Association directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Fayson Lakes Association located?
Fayson Lakes Association is headquartered in Kinnelon, New Jersey and files with the IRS under EIN 221468840.
How many years of IRS 990 filings does Fayson Lakes Association have?
Fayson Lakes Association has 13 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 $583K in total revenue.
What does Fayson Lakes Association do?
Fayson Lakes Association is a nonprofit organization in the Unknown sector, located in Kinnelon, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Fayson Lakes Association have?
Fayson Lakes Association reported total revenue of $583,486. Based on 13 IRS 990 filings on record.
What are Fayson Lakes Association's total assets?
Fayson Lakes Association holds total assets of $1,435,602 as reported in IRS 990 filings.
Where is Fayson Lakes Association located?
Fayson Lakes Association is based in Kinnelon, New Jersey.
What is Fayson Lakes Association's EIN?
Fayson Lakes Association's Employer Identification Number (EIN) is 221468840. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Fayson Lakes Association?
Fayson Lakes Association is classified under NTEE code Unknown (Unknown).
Is Fayson Lakes Association a registered 501(c)(3)?
Fayson Lakes Association appears in IRS records (EIN: 221468840). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Fayson Lakes Association file IRS Form 990?
Yes, Fayson Lakes Association has 13 IRS Form 990 filings on record. The most recent covers tax period 202402.
What was Fayson Lakes Association's revenue in 2024?
In the 202402 filing period, Fayson Lakes Association reported total revenue of $558,430, total expenses of $427,630, and net assets of $1,401,696.
Is Fayson Lakes Association's revenue growing or declining?
Fayson Lakes Association's revenue is relatively stable. Revenue went from $535,105 (202302) to $558,430 (202402), a +4.4% change. Based on 13 filings on record.
What is Fayson Lakes Association's most recent 990 filing?
The most recent IRS Form 990 filing for Fayson Lakes Association covers tax period 202402. It shows revenue of $558,430, expenses of $427,630, total assets of $1,401,696, and liabilities of $525,839.
How much does Fayson Lakes Association spend on programs vs administration?
Based on IRS 990 analysis, Fayson Lakes Association allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Fayson Lakes Association a trustworthy charity?
Based on AI analysis of IRS 990 data, Fayson Lakes Association appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 3 strengths noted.
What are Fayson Lakes Association's strengths?
Positive indicators for Fayson Lakes Association include: Consistent revenue generation over several years, demonstrating stable community support.. Healthy asset base, with total assets consistently over $1 million.. Expenses are well-managed, generally staying below revenue, leading to positive net assets.. These findings are derived from AI analysis of the organization's financial filings.
How does Fayson Lakes Association compensate executives?
Executive compensation is not explicitly detailed in the provided data, but given the nature of the organization and its revenue, it is likely reasonable and in line with similar community associations. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Fayson Lakes Association?
• Financial statements are consistently filed, showing a clear trend in revenues and expenses. • The organization's assets have remained relatively stable over the past five years, indicating sound financial management. • No specific transparency report or detailed program breakdown beyond IRS filings is readily available. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How does the Fayson Lakes Association primarily generate its revenue, and what are the main categories of expenses?
Based on the provided data, the Fayson Lakes Association consistently generates revenue (r) in the range of $439,363 to $583,486 annually. While specific sources aren't detailed, for a community association, this typically comes from membership dues, assessments, and potentially event fees. Expenses (x) range from $348,274 to $533,006, likely covering maintenance of common areas, administrative costs, and community programs.
What is the trend in the organization's net assets over the past five years?
The organization's net assets (assets minus liabilities) have shown a positive trend. For example, in 2024, assets were $1,435,602 and liabilities were $525,839, resulting in net assets of $909,763. This is an increase from 2020, where assets were $1,183,773 and liabilities were $763,956, resulting in net assets of $419,817, indicating financial growth and stability.
Filing History
IRS 990 filing history for Fayson Lakes Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Fayson Lakes Association's revenue has grown by 37.2%, moving from $407K to $558K. Total assets increased by 4% over the same period, from $1.3M to $1.4M. Total functional expenses rose by 5.6%, from $405K to $428K. In its most recent filing year (2024), Fayson Lakes Association reported a surplus of $131K, with revenue exceeding expenses. The organization holds $526K in liabilities against $1.4M in assets (debt-to-asset ratio: 37.5%), resulting in net assets of $876K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $558K | $428K | $1.4M | $526K | — | — |
| 2023 | $535K | $395K | $1.2M | $471K | — | — |
| 2022 | $529K | $404K | $1.2M | $575K | — | View 990 |
| 2021 | $478K | $395K | $1.3M | $807K | — | — |
| 2020 | $474K | $356K | $1.2M | $764K | — | View 990 |
| 2019 | $451K | $491K | $1.2M | $856K | — | View 990 |
| 2018 | $454K | $533K | $1.3M | $947K | — | View 990 |
| 2017 | $439K | $348K | $1.5M | $1.0M | — | View 990 |
| 2016 | $445K | $324K | $1.5M | $1.1M | — | View 990 |
| 2015 | $403K | $313K | $1.4M | $1.2M | — | View 990 |
| 2014 | $400K | $371K | $1.4M | $0 | — | View 990 |
| 2013 | $295K | $260K | $1.4M | $0 | — | View 990 |
| 2012 | $407K | $405K | $1.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $558K, expenses of $428K, and assets of $1.4M (revenue +4.4% year-over-year).
- 2023: Revenue of $535K, expenses of $395K, and assets of $1.2M (revenue +1.1% year-over-year).
- 2022: Revenue of $529K, expenses of $404K, and assets of $1.2M (revenue +10.8% year-over-year).
- 2021: Revenue of $478K, expenses of $395K, and assets of $1.3M (revenue +0.8% year-over-year).
- 2020: Revenue of $474K, expenses of $356K, and assets of $1.2M (revenue +5.0% year-over-year).
- 2019: Revenue of $451K, expenses of $491K, and assets of $1.2M (revenue -0.6% year-over-year).
- 2018: Revenue of $454K, expenses of $533K, and assets of $1.3M (revenue +3.3% year-over-year).
- 2017: Revenue of $439K, expenses of $348K, and assets of $1.5M (revenue -1.3% year-over-year).
- 2016: Revenue of $445K, expenses of $324K, and assets of $1.5M (revenue +10.5% year-over-year).
- 2015: Revenue of $403K, expenses of $313K, and assets of $1.4M (revenue +0.6% year-over-year).
- 2014: Revenue of $400K, expenses of $371K, and assets of $1.4M (revenue +35.5% year-over-year).
- 2013: Revenue of $295K, expenses of $260K, and assets of $1.4M (revenue -27.4% year-over-year).
- 2012: Revenue of $407K, expenses of $405K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fayson Lakes Association:
Data Sources and Methodology
This transparency report for Fayson Lakes Association 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.