Lake Region Electric Cooperative Foundation Inc
Lake Region Electric Cooperative Foundation maintains stable finances with zero officer compensation.
EIN: 113793478 · Hulbert, OK · NTEE: T30 · Updated: 2026-03-28
Is Lake Region Electric Cooperative Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lake Region Electric Cooperative Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lake Region Electric Cooperative Foundation Inc
Lake Region Electric Cooperative Foundation Inc (EIN: 113793478) is a nonprofit organization based in Hulbert, OK, classified under NTEE code T30. The organization reported total revenue of $85K and total assets of $309K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake Region Electric Cooperative Foundation Inc'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 Lake Region Electric Cooperative Foundation Inc with a Mission Score of 95 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, Lake Region Electric Cooperative Foundation Inc 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 available filings, indicating that no salaries are paid to officers, which is highly efficient for a nonprofit of this size.
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.
Strengths
The following positive indicators were identified for Lake Region Electric Cooperative Foundation Inc:
- Consistent 0% officer compensation, indicating high efficiency and direct application of funds.
- Steady growth in assets from $186,979 in 2014 to $308,944 currently, demonstrating strong financial management.
- Low and manageable liabilities across most filing periods.
- Consistent filing of IRS Form 990s over 13 periods, showing commitment to transparency.
- Stable revenue base, allowing for consistent operations.
Frequently Asked Questions about Lake Region Electric Cooperative Foundation Inc
Is Lake Region Electric Cooperative Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lake Region Electric Cooperative Foundation Inc (EIN: 113793478) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Lake Region Electric Cooperative Foundation Inc spend its money?
Lake Region Electric Cooperative Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lake Region Electric Cooperative Foundation Inc tax-deductible?
Lake Region Electric Cooperative Foundation Inc is registered as a tax-exempt nonprofit (EIN: 113793478). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Lake Region Electric Cooperative Foundation Inc a good charity?
Based on the provided data, the foundation appears to be a very good charity. It demonstrates strong financial health, consistent asset growth, and notably, zero officer compensation, suggesting a high percentage of funds are directed towards its mission.
How has the organization's revenue trended over the last decade?
The organization's revenue has been relatively stable, fluctuating between approximately $83,000 and $95,000 annually. It saw a peak of $95,769 in 2014 and is currently at $84,628, showing a slight but not concerning decline.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation across all 13 available filings, indicating a volunteer-led or extremely lean administrative structure where no salaries are paid to executives.
Filing History
IRS 990 filing history for Lake Region Electric Cooperative Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lake Region Electric Cooperative Foundation Inc's revenue has declined by 18.3%, moving from $103K to $84K. Total assets increased by 92.5% over the same period, from $153K to $295K. Total functional expenses fell by 49.6%, from $129K to $65K. In its most recent filing year (2023), Lake Region Electric Cooperative Foundation Inc reported a surplus of $19K, with revenue exceeding expenses. The organization holds $9K in liabilities against $295K in assets (debt-to-asset ratio: 3.0%), resulting in net assets of $286K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $84K | $65K | $295K | $9K | — | — |
| 2022 | $86K | $81K | $286K | $18K | — | View 990 |
| 2021 | $85K | $68K | $264K | $0 | — | — |
| 2020 | $87K | $46K | $254K | $9K | — | View 990 |
| 2019 | $88K | $82K | $205K | $0 | — | View 990 |
| 2018 | $89K | $95K | $227K | $28K | — | View 990 |
| 2017 | $90K | $119K | $219K | $14K | — | — |
| 2016 | $92K | $63K | $246K | $11K | — | View 990 |
| 2015 | $94K | $70K | $210K | $4K | — | View 990 |
| 2014 | $96K | $76K | $187K | $5K | — | View 990 |
| 2013 | $97K | $82K | $168K | $6K | — | View 990 |
| 2012 | $99K | $95K | $150K | $3K | — | View 990 |
| 2011 | $103K | $129K | $153K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $84K, expenses of $65K, and assets of $295K (revenue -2.0% year-over-year).
- 2022: Revenue of $86K, expenses of $81K, and assets of $286K (revenue +0.0% year-over-year).
- 2021: Revenue of $85K, expenses of $68K, and assets of $264K (revenue -1.3% year-over-year).
- 2020: Revenue of $87K, expenses of $46K, and assets of $254K (revenue -1.1% year-over-year).
- 2019: Revenue of $88K, expenses of $82K, and assets of $205K (revenue -2.0% year-over-year).
- 2018: Revenue of $89K, expenses of $95K, and assets of $227K (revenue -0.2% year-over-year).
- 2017: Revenue of $90K, expenses of $119K, and assets of $219K (revenue -2.3% year-over-year).
- 2016: Revenue of $92K, expenses of $63K, and assets of $246K (revenue -2.0% year-over-year).
- 2015: Revenue of $94K, expenses of $70K, and assets of $210K (revenue -2.2% year-over-year).
- 2014: Revenue of $96K, expenses of $76K, and assets of $187K (revenue -1.4% year-over-year).
- 2013: Revenue of $97K, expenses of $82K, and assets of $168K (revenue -1.9% year-over-year).
- 2012: Revenue of $99K, expenses of $95K, and assets of $150K (revenue -3.4% year-over-year).
- 2011: Revenue of $103K, expenses of $129K, and assets of $153K.
Data Sources and Methodology
This transparency report for Lake Region Electric Cooperative 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.