Lakehurst Foundation
Lakehurst Foundation shows highly volatile revenue but consistent asset growth and no reported officer compensation.
EIN: 201398995 · Ft Lauderdale, FL · NTEE: T22 · Updated: 2026-03-28
Is Lakehurst Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lakehurst Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lakehurst Foundation
Lakehurst Foundation (EIN: 201398995) is a nonprofit organization based in Ft Lauderdale, FL, classified under NTEE code T22. The organization reported total revenue of $2.6M and total assets of $6.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lakehurst Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lakehurst Foundation is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $210K |
| Total Expenses | $273K |
| Surplus / Deficit | $-63,143 |
| Total Assets | $5.7M |
| Total Liabilities | $1 |
| Net Assets | $5.7M |
| Operating Margin | -30.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 250.3 months |
Financial Health Grade: B
In 2023, Lakehurst Foundation reported a deficit of $63K with expenses exceeding revenue, holds 250.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Lakehurst Foundation's revenue has grown at a compound annual growth rate (CAGR) of 1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1949.5% | +53.6% | -0.4% |
| 2022 | -99.3% | -71.8% | -3.2% |
| 2021 | +85.6% | -19.0% | +12.1% |
| 2020 | -59.1% | +196.4% | -4.3% |
| 2019 | +2635.6% | +50.0% | +63.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lakehurst Foundation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Lakehurst Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $63K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Lakehurst Foundation consistently reports 0% officer compensation across all available filings, suggesting that its leadership may be entirely volunteer-based or compensated through other means not categorized as officer compensation, which is a notable characteristic for an organization of its asset size ($5.69 million in 2023).
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 Lakehurst Foundation's IRS 990 filings:
- Highly volatile revenue streams, making financial planning and stability uncertain (e.g., $1.45M in 2021 to $10K in 2022).
- Consistent reporting of $1 in liabilities across multiple years, which is unusual and may indicate incomplete reporting or a specific accounting practice.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data makes it difficult to fully assess spending efficiency.
Strengths
The following positive indicators were identified for Lakehurst Foundation:
- Consistent asset growth over the past decade, from $1.8 million in 2011 to $5.69 million in 2023.
- Zero reported officer compensation across all filings, potentially indicating a highly efficient or volunteer-driven leadership structure.
- Very low reported liabilities, suggesting strong financial solvency and minimal debt.
Frequently Asked Questions about Lakehurst Foundation
Is Lakehurst Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Lakehurst Foundation (EIN: 201398995) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Lakehurst Foundation spend its money?
Lakehurst Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lakehurst Foundation tax-deductible?
Lakehurst Foundation is registered as a tax-exempt nonprofit (EIN: 201398995). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the primary source of Lakehurst Foundation's highly fluctuating revenue?
The significant swings in reported revenue, such as from $1.9 million in 2019 to $10,239 in 2022, suggest reliance on large, infrequent donations or grants, or potentially a specific project-based funding model. Further detail on revenue streams would be needed to confirm.
How does Lakehurst Foundation manage to operate with 0% reported officer compensation?
The consistent reporting of zero officer compensation across all filings implies either a fully volunteer executive team, or that compensation is structured in a way not captured under 'officer compensation' on the 990, such as through a related entity or as contractor fees. This is unusual for an organization with assets over $5 million.
What are the specific programs Lakehurst Foundation funds or operates?
Without a detailed program service expense breakdown, it's difficult to assess the specific impact of the foundation's spending. The NTEE code T22 (Philanthropy, Voluntarism, and Grantmaking Foundations) suggests it is a grantmaking entity, but specific beneficiaries are not clear from the provided data.
Filing History
IRS 990 filing history for Lakehurst Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Lakehurst Foundation's revenue has grown by 21.6%, moving from $173K to $210K. Total assets increased by 214.3% over the same period, from $1.8M to $5.7M. Total functional expenses rose by 171.5%, from $101K to $273K. In its most recent filing year (2023), Lakehurst Foundation reported a deficit of $63K, with expenses exceeding revenue. The organization holds $1 in liabilities against $5.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $210K | $273K | $5.7M | $1 | — | View 990 |
| 2022 | $10K | $178K | $5.7M | $1 | — | View 990 |
| 2021 | $1.5M | $629K | $5.9M | $1 | — | View 990 |
| 2020 | $783K | $776K | $5.3M | $1 | — | — |
| 2019 | $1.9M | $262K | $5.5M | $1 | — | View 990 |
| 2015 | $70K | $175K | $3.4M | $1 | — | View 990 |
| 2014 | $304K | $177K | $3.5M | $1 | — | View 990 |
| 2013 | $1.1M | $183K | $3.3M | $1 | — | View 990 |
| 2012 | $853K | $40K | $2.4M | $1 | — | View 990 |
| 2011 | $173K | $101K | $1.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $210K, expenses of $273K, and assets of $5.7M (revenue +1949.5% year-over-year).
- 2022: Revenue of $10K, expenses of $178K, and assets of $5.7M (revenue -99.3% year-over-year).
- 2021: Revenue of $1.5M, expenses of $629K, and assets of $5.9M (revenue +85.6% year-over-year).
- 2020: Revenue of $783K, expenses of $776K, and assets of $5.3M (revenue -59.1% year-over-year).
- 2019: Revenue of $1.9M, expenses of $262K, and assets of $5.5M (revenue +2635.6% year-over-year).
- 2015: Revenue of $70K, expenses of $175K, and assets of $3.4M (revenue -77.0% year-over-year).
- 2014: Revenue of $304K, expenses of $177K, and assets of $3.5M (revenue -72.3% year-over-year).
- 2013: Revenue of $1.1M, expenses of $183K, and assets of $3.3M (revenue +28.9% year-over-year).
- 2012: Revenue of $853K, expenses of $40K, and assets of $2.4M (revenue +394.2% year-over-year).
- 2011: Revenue of $173K, expenses of $101K, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lakehurst Foundation:
Data Sources and Methodology
This transparency report for Lakehurst 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.