Jacobsen Lake Foundation
Jacobsen Lake Foundation shows improving revenue and strong asset base with no executive compensation.
EIN: 208817037 · Salt Lake Cty, UT · NTEE: T22 · Updated: 2026-03-28
Is Jacobsen Lake Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Jacobsen Lake Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Jacobsen Lake Foundation
Jacobsen Lake Foundation (EIN: 208817037) is a nonprofit organization based in Salt Lake Cty, UT, classified under NTEE code T22. The organization reported total revenue of $53K and total assets of $255K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jacobsen Lake Foundation'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 Jacobsen Lake Foundation 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: 90%
- fundraising: 0%
According to IRS 990 filings, Jacobsen Lake Foundation 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 has consistently been reported as 0% across all ten filings, indicating a volunteer-led organization or one with no paid officers, which is highly efficient for an organization of its size with latest revenue of $53,285.
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 Jacobsen Lake Foundation's IRS 990 filings:
- Historically, expenses sometimes exceeded revenue (e.g., 202212: Expenses $24,109 vs. Revenue $17,593), though this trend has improved recently.
Strengths
The following positive indicators were identified for Jacobsen Lake Foundation:
- Strong asset base relative to revenue ($254,890 assets vs. $53,285 latest revenue).
- Consistent reporting of 0% officer compensation, indicating high operational efficiency.
- Improving revenue trend, with latest revenue significantly higher than previous years.
- Minimal liabilities (often $1), indicating low financial risk.
- Consistent IRS 990 filing history demonstrates strong transparency.
Frequently Asked Questions about Jacobsen Lake Foundation
Is Jacobsen Lake Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Jacobsen Lake Foundation (EIN: 208817037) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Jacobsen Lake Foundation spend its money?
Jacobsen Lake Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Jacobsen Lake Foundation tax-deductible?
Jacobsen Lake Foundation is registered as a tax-exempt nonprofit (EIN: 208817037). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Jacobsen Lake Foundation financially stable?
Yes, the foundation is financially stable. It consistently maintains a healthy asset base, with $254,890 in assets against $53,285 in latest revenue, and minimal liabilities (often $1).
How efficient is Jacobsen Lake Foundation's spending?
Spending efficiency is high, particularly due to 0% officer compensation reported across all filings. In 2023, expenses were $21,900 against $46,280 in revenue, indicating a surplus and efficient use of funds.
Does Jacobsen Lake Foundation pay its executives?
No, the Jacobsen Lake Foundation has reported 0% officer compensation in all ten available IRS 990 filings, suggesting a volunteer-driven leadership.
Has Jacobsen Lake Foundation's revenue been growing?
Yes, the foundation has shown a positive trend in revenue growth, with the latest revenue of $53,285 being significantly higher than previous years, such as $10,154 in 2019.
Filing History
IRS 990 filing history for Jacobsen Lake Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Jacobsen Lake Foundation's revenue has grown by 309.2%, moving from $11K to $46K. Total assets decreased by 4.4% over the same period, from $262K to $251K. Total functional expenses rose by 3.5%, from $21K to $22K. In its most recent filing year (2023), Jacobsen Lake Foundation reported a surplus of $24K, with revenue exceeding expenses. The organization holds $1 in liabilities against $251K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $251K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $46K | $22K | $251K | $1 | — | — |
| 2022 | $18K | $24K | $226K | $1 | — | — |
| 2021 | $41K | $18K | $233K | $1 | — | — |
| 2020 | $15K | $18K | $210K | $1 | — | — |
| 2019 | $10K | $20K | $213K | $1 | — | View 990 |
| 2015 | $13K | $20K | $243K | $1 | — | View 990 |
| 2014 | $18K | $20K | $250K | $1 | — | View 990 |
| 2013 | $18K | $21K | $250K | $1 | — | View 990 |
| 2012 | $9K | $18K | $254K | $0 | — | View 990 |
| 2011 | $11K | $21K | $262K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $46K, expenses of $22K, and assets of $251K (revenue +163.1% year-over-year).
- 2022: Revenue of $18K, expenses of $24K, and assets of $226K (revenue -57.2% year-over-year).
- 2021: Revenue of $41K, expenses of $18K, and assets of $233K (revenue +171.4% year-over-year).
- 2020: Revenue of $15K, expenses of $18K, and assets of $210K (revenue +49.1% year-over-year).
- 2019: Revenue of $10K, expenses of $20K, and assets of $213K (revenue -20.6% year-over-year).
- 2015: Revenue of $13K, expenses of $20K, and assets of $243K (revenue -27.1% year-over-year).
- 2014: Revenue of $18K, expenses of $20K, and assets of $250K (revenue -1.7% year-over-year).
- 2013: Revenue of $18K, expenses of $21K, and assets of $250K (revenue +90.6% year-over-year).
- 2012: Revenue of $9K, expenses of $18K, and assets of $254K (revenue -17.3% year-over-year).
- 2011: Revenue of $11K, expenses of $21K, and assets of $262K.
Data Sources and Methodology
This transparency report for Jacobsen Lake Foundation 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.