Lake Side Elite
EIN: 853559813 · East Jordan, MI · NTEE: N60
| Metric | Value |
|---|---|
| Total Revenue | $473K |
| Total Expenses | $210K |
| Net Assets | $185K |
Is Lake Side Elite Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lake Side Elite
Lake Side Elite (EIN: 853559813) is a nonprofit organization based in East Jordan, MI, classified under NTEE code N60. The organization reported total revenue of $473K and total assets of $250K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake Side Elite's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lake Side Elite is a small nonprofit that has been operating for 5 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $266K |
| Total Expenses | $210K |
| Surplus / Deficit | +$55K |
| Total Assets | $188K |
| Total Liabilities | $3K |
| Net Assets | $185K |
| Operating Margin | 20.8% |
| Debt-to-Asset Ratio | 1.5% |
| Months of Reserves | 10.7 months |
Financial Health Grade: A
In 2023, Lake Side Elite reported a surplus of $55K with revenue exceeding expenses, holds 10.7 months of operating reserves (strong position), has a debt-to-asset ratio of 1.5% (very low leverage).
Financial Trends
Over 3 years of filings (2021–2023), Lake Side Elite's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.8% | +21.7% | +34.3% |
| 2022 | -12.4% | +4.2% | +32.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lake Side Elite 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 Side Elite 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 $55K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.5%.
Frequently Asked Questions about Lake Side Elite
Is Lake Side Elite a legitimate charity?
Based on AI analysis of IRS 990 filings, Lake Side Elite (EIN: 853559813) insufficient data. 0 red flags identified, 0 strengths noted.
How does Lake Side Elite spend its money?
Detailed spending breakdown data is not yet available for Lake Side Elite. Check back for updated IRS 990 analysis.
Are donations to Lake Side Elite tax-deductible?
Lake Side Elite is registered as a tax-exempt nonprofit (EIN: 853559813). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lake Side Elite located?
Lake Side Elite is headquartered in East Jordan, Michigan and files with the IRS under EIN 853559813. It is classified under NTEE code N60.
How many years of IRS 990 filings does Lake Side Elite have?
Lake Side Elite has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $473K in total revenue.
Filing History
IRS 990 filing history for Lake Side Elite showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Lake Side Elite's revenue has grown by 7.5%, moving from $247K to $266K. Total assets increased by 77.6% over the same period, from $106K to $188K. Total functional expenses rose by 26.8%, from $166K to $210K. In its most recent filing year (2023), Lake Side Elite reported a surplus of $55K, with revenue exceeding expenses. The organization holds $3K in liabilities against $188K in assets (debt-to-asset ratio: 1.5%), resulting in net assets of $185K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $266K | $210K | $188K | $3K | — | View 990 |
| 2022 | $216K | $173K | $140K | $10K | — | View 990 |
| 2021 | $247K | $166K | $106K | $20K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $266K, expenses of $210K, and assets of $188K (revenue +22.8% year-over-year).
- 2022: Revenue of $216K, expenses of $173K, and assets of $140K (revenue -12.4% year-over-year).
- 2021: Revenue of $247K, expenses of $166K, and assets of $106K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lake Side Elite:
Data Sources and Methodology
This transparency report for Lake Side Elite 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.