Friends Of Lakeshore State Park
Friends Of Lakeshore State Park shows strong financial growth and zero executive compensation.
EIN: 202742766 · Milwaukee, WI · NTEE: N32 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $289K |
| Total Expenses | $114K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $600,000. |
| Net Assets | $587K |
| Transparency Score | 92/100 |
Is Friends Of Lakeshore State Park Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Lakeshore State Park directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Lakeshore State Park
Friends Of Lakeshore State Park (EIN: 202742766) is a nonprofit organization based in Milwaukee, WI, classified under NTEE code N32. The organization reported total revenue of $289K and total assets of $710K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Lakeshore State Park's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Lakeshore State Park is a small nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 19.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $373K |
| Total Expenses | $114K |
| Surplus / Deficit | +$258K |
| Total Assets | $599K |
| Total Liabilities | $12K |
| Net Assets | $587K |
| Operating Margin | 69.3% |
| Debt-to-Asset Ratio | 2.0% |
| Months of Reserves | 62.8 months |
Financial Health Grade: A
In 2023, Friends Of Lakeshore State Park reported a surplus of $258K with revenue exceeding expenses, holds 62.8 months of operating reserves (strong position), has a debt-to-asset ratio of 2.0% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Friends Of Lakeshore State Park's revenue has grown at a compound annual growth rate (CAGR) of 19.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +69.4% | -42.6% | +95.4% |
| 2022 | -11.3% | +7.4% | +0.7% |
| 2021 | +259.4% | +328.1% | +35.9% |
| 2020 | -14.6% | -34.2% | +23.3% |
| 2019 | +83.8% | +71.8% | +8.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
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 Friends Of Lakeshore State Park with a Mission Score of 92 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: 85%
- fundraising: 5%
According to IRS 990 filings, Friends Of Lakeshore State Park allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $258K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.0%.
Executive Compensation Analysis
Executive compensation is reported at 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for an organization of its size with assets approaching $600,000.
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.
Red Flags
The following concerns were identified during AI analysis of Friends Of Lakeshore State Park's IRS 990 filings:
- Significant revenue surplus in 2023 ($258,266) suggests potential for underutilization of funds if not strategically deployed for mission-related activities.
Strengths
The following positive indicators were identified for Friends Of Lakeshore State Park:
- Consistent 0% officer compensation, indicating volunteer leadership and efficient use of funds.
- Strong and consistent asset growth, from $33,791 in 2015 to $598,850 in 2023.
- Healthy revenue streams, with a significant increase to $372,757 in 2023.
- Low liabilities relative to assets, indicating strong financial stability (e.g., $11,778 liabilities vs. $598,850 assets in 2023).
- Positive net income in most years, contributing to robust financial reserves.
Frequently Asked Questions about Friends Of Lakeshore State Park
Is Friends Of Lakeshore State Park a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Lakeshore State Park (EIN: 202742766) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Friends Of Lakeshore State Park spend its money?
Friends Of Lakeshore State Park directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of Lakeshore State Park tax-deductible?
Friends Of Lakeshore State Park is registered as a tax-exempt nonprofit (EIN: 202742766). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Friends Of Lakeshore State Park CEO make?
Friends Of Lakeshore State Park's highest-compensated officer earns $600,000. annually. The organization reported $289K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Friends Of Lakeshore State Park's spending goes to programs?
Friends Of Lakeshore State Park directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friends Of Lakeshore State Park compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Friends Of Lakeshore State Park is above average for NTEE category N32 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of Lakeshore State Park located?
Friends Of Lakeshore State Park is headquartered in Milwaukee, Wisconsin and files with the IRS under EIN 202742766. It is classified under NTEE code N32.
How many years of IRS 990 filings does Friends Of Lakeshore State Park have?
Friends Of Lakeshore State Park has 14 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 $289K in total revenue.
Is Friends Of Lakeshore State Park a good charity?
Based on its financial data, Friends Of Lakeshore State Park appears to be a very good charity. It consistently reports 0% officer compensation, demonstrates strong asset growth, and in 2023, its expenses ($114,491) were significantly lower than its revenue ($372,757), indicating efficient operations and a strong financial position.
How has the organization's financial health changed over time?
The organization has shown remarkable financial growth. Its assets have grown from $33,791 in 2015 to $598,850 in 2023, and revenue has increased substantially, particularly in 2023 ($372,757), demonstrating a positive trajectory and increasing capacity.
What is the organization's approach to executive compensation?
Friends Of Lakeshore State Park has a highly efficient approach to executive compensation, reporting 0% for officer compensation in all available filings. This indicates that its leadership is volunteer-based, maximizing funds available for its programs.
Filing History
IRS 990 filing history for Friends Of Lakeshore State Park showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Friends Of Lakeshore State Park's revenue has grown by 948.2%, moving from $36K to $373K. Total assets increased by 905.4% over the same period, from $60K to $599K. Total functional expenses rose by 563.6%, from $17K to $114K. In its most recent filing year (2023), Friends Of Lakeshore State Park reported a surplus of $258K, with revenue exceeding expenses. The organization holds $12K in liabilities against $599K in assets (debt-to-asset ratio: 2.0%), resulting in net assets of $587K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $373K | $114K | $599K | $12K | — | — |
| 2022 | $220K | $200K | $306K | $721 | — | View 990 |
| 2021 | $248K | $186K | $304K | $2K | — | View 990 |
| 2020 | $69K | $43K | $224K | $0 | — | View 990 |
| 2019 | $81K | $66K | $182K | $101 | — | View 990 |
| 2018 | $44K | $38K | $168K | $1K | — | View 990 |
| 2017 | $150K | $27K | $162K | $879 | — | View 990 |
| 2016 | $19K | $12K | $38K | $186 | — | View 990 |
| 2015 | $38K | $49K | $34K | $3K | — | View 990 |
| 2014 | $49K | $35K | $43K | $1K | — | View 990 |
| 2013 | $9K | $8K | $28K | $325 | — | View 990 |
| 2012 | $5K | $17K | $27K | $23 | — | View 990 |
| 2011 | $28K | $27K | $38K | $0 | — | View 990 |
| 2010 | $36K | $17K | $60K | $23K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $373K, expenses of $114K, and assets of $599K (revenue +69.4% year-over-year).
- 2022: Revenue of $220K, expenses of $200K, and assets of $306K (revenue -11.3% year-over-year).
- 2021: Revenue of $248K, expenses of $186K, and assets of $304K (revenue +259.4% year-over-year).
- 2020: Revenue of $69K, expenses of $43K, and assets of $224K (revenue -14.6% year-over-year).
- 2019: Revenue of $81K, expenses of $66K, and assets of $182K (revenue +83.8% year-over-year).
- 2018: Revenue of $44K, expenses of $38K, and assets of $168K (revenue -70.7% year-over-year).
- 2017: Revenue of $150K, expenses of $27K, and assets of $162K (revenue +686.3% year-over-year).
- 2016: Revenue of $19K, expenses of $12K, and assets of $38K (revenue -49.8% year-over-year).
- 2015: Revenue of $38K, expenses of $49K, and assets of $34K (revenue -22.9% year-over-year).
- 2014: Revenue of $49K, expenses of $35K, and assets of $43K (revenue +444.3% year-over-year).
- 2013: Revenue of $9K, expenses of $8K, and assets of $28K (revenue +79.9% year-over-year).
- 2012: Revenue of $5K, expenses of $17K, and assets of $27K (revenue -82.0% year-over-year).
- 2011: Revenue of $28K, expenses of $27K, and assets of $38K (revenue -21.3% year-over-year).
- 2010: Revenue of $36K, expenses of $17K, and assets of $60K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Lakeshore State Park:
Data Sources and Methodology
This transparency report for Friends Of Lakeshore State Park 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.