Lake Geauga Educational Assistance Foundation
EIN: 341640416 · Kirtland, OH · NTEE: B80Z
| Metric | Value |
|---|---|
| Total Revenue | $518K |
| Total Expenses | $432K |
| Net Assets | $314K |
Is Lake Geauga Educational Assistance Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lake Geauga Educational Assistance Foundation
Lake Geauga Educational Assistance Foundation (EIN: 341640416) is a nonprofit organization based in Kirtland, OH, classified under NTEE code B80Z. The organization reported total revenue of $518K and total assets of $352K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake Geauga Educational Assistance Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lake Geauga Educational Assistance Foundation is a small nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $480K |
| Total Expenses | $432K |
| Surplus / Deficit | +$48K |
| Total Assets | $366K |
| Total Liabilities | $52K |
| Net Assets | $314K |
| Operating Margin | 10.0% |
| Debt-to-Asset Ratio | 14.1% |
| Months of Reserves | 10.1 months |
Financial Health Grade: A
In 2023, Lake Geauga Educational Assistance Foundation reported a surplus of $48K with revenue exceeding expenses, holds 10.1 months of operating reserves (strong position), has a debt-to-asset ratio of 14.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lake Geauga Educational Assistance Foundation's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.2% | -10.3% | +21.4% |
| 2022 | +33.2% | +15.6% | +48.0% |
| 2021 | +8.1% | +0.2% | +9.3% |
| 2020 | +58.8% | +15.2% | +29.9% |
| 2019 | -38.8% | -4.9% | -42.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lake Geauga Educational Assistance Foundation 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 Geauga Educational Assistance Foundation 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 surplus of $48K, with revenue exceeding expenses.
- Debt-to-asset ratio: 14.1%.
Frequently Asked Questions about Lake Geauga Educational Assistance Foundation
Is Lake Geauga Educational Assistance Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Lake Geauga Educational Assistance Foundation (EIN: 341640416) insufficient data. 0 red flags identified, 0 strengths noted.
How does Lake Geauga Educational Assistance Foundation spend its money?
Detailed spending breakdown data is not yet available for Lake Geauga Educational Assistance Foundation. Check back for updated IRS 990 analysis.
Are donations to Lake Geauga Educational Assistance Foundation tax-deductible?
Lake Geauga Educational Assistance Foundation is registered as a tax-exempt nonprofit (EIN: 341640416). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lake Geauga Educational Assistance Foundation located?
Lake Geauga Educational Assistance Foundation is headquartered in Kirtland, Ohio and files with the IRS under EIN 341640416. It is classified under NTEE code B80Z.
How many years of IRS 990 filings does Lake Geauga Educational Assistance Foundation have?
Lake Geauga Educational Assistance Foundation 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 $518K in total revenue.
Filing History
IRS 990 filing history for Lake Geauga Educational Assistance Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lake Geauga Educational Assistance Foundation's revenue has grown by 24.1%, moving from $387K to $480K. Total assets decreased by 9.7% over the same period, from $405K to $366K. Total functional expenses fell by 8.1%, from $470K to $432K. In its most recent filing year (2023), Lake Geauga Educational Assistance Foundation reported a surplus of $48K, with revenue exceeding expenses. The organization holds $52K in liabilities against $366K in assets (debt-to-asset ratio: 14.1%), resulting in net assets of $314K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $480K | $432K | $366K | $52K | — | View 990 |
| 2022 | $587K | $482K | $301K | $35K | — | View 990 |
| 2021 | $441K | $417K | $203K | $43K | — | View 990 |
| 2020 | $407K | $416K | $186K | $67K | — | View 990 |
| 2019 | $257K | $361K | $143K | $15K | — | View 990 |
| 2018 | $419K | $380K | $249K | $19K | — | View 990 |
| 2017 | $361K | $323K | $247K | $63K | — | View 990 |
| 2016 | $382K | $447K | $352K | $205K | — | View 990 |
| 2015 | $411K | $436K | $401K | $179K | — | View 990 |
| 2014 | $484K | $433K | $437K | $191K | — | View 990 |
| 2013 | $356K | $399K | $386K | $191K | — | View 990 |
| 2012 | $359K | $430K | $347K | $110K | — | View 990 |
| 2011 | $387K | $470K | $405K | $106K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $480K, expenses of $432K, and assets of $366K (revenue -18.2% year-over-year).
- 2022: Revenue of $587K, expenses of $482K, and assets of $301K (revenue +33.2% year-over-year).
- 2021: Revenue of $441K, expenses of $417K, and assets of $203K (revenue +8.1% year-over-year).
- 2020: Revenue of $407K, expenses of $416K, and assets of $186K (revenue +58.8% year-over-year).
- 2019: Revenue of $257K, expenses of $361K, and assets of $143K (revenue -38.8% year-over-year).
- 2018: Revenue of $419K, expenses of $380K, and assets of $249K (revenue +16.1% year-over-year).
- 2017: Revenue of $361K, expenses of $323K, and assets of $247K (revenue -5.6% year-over-year).
- 2016: Revenue of $382K, expenses of $447K, and assets of $352K (revenue -7.0% year-over-year).
- 2015: Revenue of $411K, expenses of $436K, and assets of $401K (revenue -15.0% year-over-year).
- 2014: Revenue of $484K, expenses of $433K, and assets of $437K (revenue +35.9% year-over-year).
- 2013: Revenue of $356K, expenses of $399K, and assets of $386K (revenue -0.7% year-over-year).
- 2012: Revenue of $359K, expenses of $430K, and assets of $347K (revenue -7.3% year-over-year).
- 2011: Revenue of $387K, expenses of $470K, and assets of $405K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lake Geauga Educational Assistance Foundation:
Data Sources and Methodology
This transparency report for Lake Geauga Educational Assistance 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.