Grindstone Lake Foundation Inc
EIN: 831449904 · Cedar Rapids, IA · NTEE: C60
About Grindstone Lake Foundation Inc
Grindstone Lake Foundation Inc (EIN: 831449904) is a nonprofit organization based in Cedar Rapids, IA, classified under NTEE code C60. The organization reported total revenue of $6K and total assets of $755K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grindstone Lake Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Grindstone Lake 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 Grindstone Lake 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.
Filing History
IRS 990 filing history for Grindstone Lake Foundation Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Grindstone Lake Foundation Inc's revenue has declined by 98.1%, moving from $775K to $15K. Total assets decreased by 0.8% over the same period, from $774K to $767K. Total functional expenses fell by 99.6%, from $752K to $3K. In its most recent filing year (2023), Grindstone Lake Foundation Inc reported a surplus of $12K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $15K | $3K | $767K | $0 | — | — |
| 2022 | $633K | $3K | $755K | $0 | — | View 990 |
| 2021 | $178K | $10K | $1.5M | $821K | — | View 990 |
| 2020 | $39K | $11K | $1.2M | $804K | — | — |
| 2019 | $63K | $28K | $926K | $776K | — | View 990 |
| 2018 | $775K | $752K | $774K | $750K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $15K, expenses of $3K, and assets of $767K (revenue -97.6% year-over-year).
- 2022: Revenue of $633K, expenses of $3K, and assets of $755K (revenue +256.0% year-over-year).
- 2021: Revenue of $178K, expenses of $10K, and assets of $1.5M (revenue +352.9% year-over-year).
- 2020: Revenue of $39K, expenses of $11K, and assets of $1.2M (revenue -37.6% year-over-year).
- 2019: Revenue of $63K, expenses of $28K, and assets of $926K (revenue -91.9% year-over-year).
- 2018: Revenue of $775K, expenses of $752K, and assets of $774K.
Data Sources and Methodology
This transparency report for Grindstone Lake 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.