Lake Cunningham Development Trust
EIN: 825231670 · Omaha, NE · NTEE: C50
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $1.7M |
| Net Assets | $5.6M |
Is Lake Cunningham Development Trust Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lake Cunningham Development Trust
Lake Cunningham Development Trust (EIN: 825231670) is a nonprofit organization based in Omaha, NE, classified under NTEE code C50. The organization reported total revenue of $1.1M and total assets of $5.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake Cunningham Development Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lake Cunningham Development Trust is a mid-size nonprofit that has been operating for 7 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of -2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $893K |
| Total Expenses | $1.7M |
| Surplus / Deficit | $-769,428 |
| Total Assets | $5.7M |
| Total Liabilities | $110K |
| Net Assets | $5.6M |
| Operating Margin | -86.2% |
| Debt-to-Asset Ratio | 1.9% |
| Months of Reserves | 40.9 months |
Financial Health Grade: B
In 2023, Lake Cunningham Development Trust reported a deficit of $769K with expenses exceeding revenue, holds 40.9 months of operating reserves (strong position), has a debt-to-asset ratio of 1.9% (very low leverage).
Financial Trends
Over 6 years of filings (2018–2023), Lake Cunningham Development Trust's revenue has declined at a compound annual growth rate (CAGR) of -2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -61.0% | -20.8% | +123.0% |
| 2022 | -72.0% | -53.1% | -31.1% |
| 2021 | -24.0% | -58.0% | +138.1% |
| 2020 | +167.5% | +111.1% | +559.7% |
| 2019 | +299.0% | +225.8% | +1618.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lake Cunningham Development Trust 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 Lake Cunningham Development Trust 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 deficit of $769K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.9%.
Frequently Asked Questions about Lake Cunningham Development Trust
Is Lake Cunningham Development Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Lake Cunningham Development Trust (EIN: 825231670) insufficient data. 0 red flags identified, 0 strengths noted.
How does Lake Cunningham Development Trust spend its money?
Detailed spending breakdown data is not yet available for Lake Cunningham Development Trust. Check back for updated IRS 990 analysis.
Are donations to Lake Cunningham Development Trust tax-deductible?
Lake Cunningham Development Trust is registered as a tax-exempt nonprofit (EIN: 825231670). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lake Cunningham Development Trust located?
Lake Cunningham Development Trust is headquartered in Omaha, Nebraska and files with the IRS under EIN 825231670. It is classified under NTEE code C50.
How many years of IRS 990 filings does Lake Cunningham Development Trust have?
Lake Cunningham Development Trust has 6 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 $1.1M in total revenue.
Filing History
IRS 990 filing history for Lake Cunningham Development Trust showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Lake Cunningham Development Trust's revenue has declined by 11.6%, moving from $1.0M to $893K. Total assets increased by 41356.7% over the same period, from $14K to $5.7M. Total functional expenses rose by 7.3%, from $1.5M to $1.7M. In its most recent filing year (2023), Lake Cunningham Development Trust reported a deficit of $769K, with expenses exceeding revenue. The organization holds $110K in liabilities against $5.7M in assets (debt-to-asset ratio: 1.9%), resulting in net assets of $5.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $893K | $1.7M | $5.7M | $110K | — | — |
| 2022 | $2.3M | $2.1M | $2.5M | $72K | — | View 990 |
| 2021 | $8.2M | $4.5M | $3.7M | $1.4M | — | View 990 |
| 2020 | $10.8M | $10.7M | $1.5M | $3.0M | — | — |
| 2019 | $4.0M | $5.0M | $235K | $1.8M | — | View 990 |
| 2018 | $1.0M | $1.5M | $14K | $553K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $893K, expenses of $1.7M, and assets of $5.7M (revenue -61.0% year-over-year).
- 2022: Revenue of $2.3M, expenses of $2.1M, and assets of $2.5M (revenue -72.0% year-over-year).
- 2021: Revenue of $8.2M, expenses of $4.5M, and assets of $3.7M (revenue -24.0% year-over-year).
- 2020: Revenue of $10.8M, expenses of $10.7M, and assets of $1.5M (revenue +167.5% year-over-year).
- 2019: Revenue of $4.0M, expenses of $5.0M, and assets of $235K (revenue +299.0% year-over-year).
- 2018: Revenue of $1.0M, expenses of $1.5M, and assets of $14K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lake Cunningham Development Trust:
Data Sources and Methodology
This transparency report for Lake Cunningham Development Trust 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.