Lakeland Andover School
Lakeland Andover School: Consistent Operations, Modest Growth
EIN: 221969866 · Newton, NJ · NTEE: B24Z · Updated: 2026-04-04
About Lakeland Andover School
Lakeland Andover School (EIN: 221969866) is a nonprofit organization based in Newton, NJ, classified under NTEE code B24Z. The organization reported total revenue of $2.0M and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lakeland Andover School'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 Lakeland Andover School 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Lakeland Andover School allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation cannot be assessed from the provided data as specific figures for key employees are not available in the summarized filings.
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 Lakeland Andover School's IRS 990 filings:
- Lack of detailed executive compensation disclosure in the provided data.
- Reliance on 990-EZ filings limits granular insight into program spending versus administrative costs.
Strengths
The following positive indicators were identified for Lakeland Andover School:
- Consistent revenue generation over multiple years, indicating stable operations.
- Positive net assets growth from $483,993 in 2019 to $1,258,564 in 2024, demonstrating financial health.
- Low liability-to-asset ratio, suggesting strong financial management and minimal debt burden.
Frequently Asked Questions about Lakeland Andover School
What does Lakeland Andover School do?
Lakeland Andover School is a nonprofit organization in the Education sector, located in Newton, New Jersey. It is classified under NTEE code B24Z.
How much revenue does Lakeland Andover School have?
Lakeland Andover School reported total revenue of $2,025,975. Based on 14 IRS 990 filings on record.
What are Lakeland Andover School's total assets?
Lakeland Andover School holds total assets of $1,258,564 as reported in IRS 990 filings.
Where is Lakeland Andover School located?
Lakeland Andover School is based in Newton, New Jersey.
What is Lakeland Andover School's EIN?
Lakeland Andover School's Employer Identification Number (EIN) is 221969866. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Lakeland Andover School?
Lakeland Andover School is classified under NTEE code B24Z (Education).
Is Lakeland Andover School a registered 501(c)(3)?
Yes, Lakeland Andover School is recognized as a tax-exempt organization by the IRS. EIN: 221969866.
Does Lakeland Andover School file IRS Form 990?
Yes, Lakeland Andover School has 14 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Lakeland Andover School's revenue in 2024?
In the 202406 filing period, Lakeland Andover School reported total revenue of $1,879,067, total expenses of $1,882,551, and net assets of $1,382,337.
Is Lakeland Andover School's revenue growing or declining?
Lakeland Andover School's revenue is relatively stable. Revenue went from $1,890,473 (202306) to $1,879,067 (202406), a -0.6% change. Based on 14 filings on record.
What is Lakeland Andover School's most recent 990 filing?
The most recent IRS Form 990 filing for Lakeland Andover School covers tax period 202406. It shows revenue of $1,879,067, expenses of $1,882,551, total assets of $1,382,337, and liabilities of $1,103,770.
How much does Lakeland Andover School spend on programs vs administration?
Based on IRS 990 analysis, Lakeland Andover School allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Lakeland Andover School a trustworthy charity?
Based on AI analysis of IRS 990 data, Lakeland Andover School appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Lakeland Andover School?
The following concerns were identified: Lack of detailed executive compensation disclosure in the provided data.. Reliance on 990-EZ filings limits granular insight into program spending versus administrative costs.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Lakeland Andover School's strengths?
Positive indicators for Lakeland Andover School include: Consistent revenue generation over multiple years, indicating stable operations.. Positive net assets growth from $483,993 in 2019 to $1,258,564 in 2024, demonstrating financial health.. Low liability-to-asset ratio, suggesting strong financial management and minimal debt burden.. These findings are derived from AI analysis of the organization's financial filings.
How does Lakeland Andover School compensate executives?
Executive compensation cannot be assessed from the provided data as specific figures for key employees are not available in the summarized filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has Lakeland Andover School managed to consistently grow its assets while maintaining relatively stable revenue?
Lakeland Andover School has consistently grown its assets from $483,993 in 2019 to $1,258,564 in 2024, despite revenue remaining relatively stable around $1.7M-$2M annually. This suggests effective expense management and potentially strategic investments or accumulation of reserves rather than significant increases in fundraising.
What is the significance of the 'c0%' value in the financial filings?
The 'c0%' value likely indicates that the organization reported no unrelated business income tax (UBIT) for the respective fiscal years. This is common for educational institutions that primarily engage in activities directly related to their exempt purpose.
Filing History
IRS 990 filing history for Lakeland Andover School showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Lakeland Andover School's revenue has grown by 13.6%, moving from $1.7M to $1.9M. Total assets increased by 316.9% over the same period, from $332K to $1.4M. Total functional expenses rose by 10.4%, from $1.7M to $1.9M. In its most recent filing year (2024), Lakeland Andover School reported a deficit of $3K, with expenses exceeding revenue. The organization holds $1.1M in liabilities against $1.4M in assets (debt-to-asset ratio: 79.8%), resulting in net assets of $279K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $1.9M | $1.9M | $1.4M | $1.1M | — | View 990 |
| 2023 | $1.9M | $1.8M | $867K | $585K | — | View 990 |
| 2022 | $1.7M | $1.7M | $702K | $467K | — | View 990 |
| 2021 | $1.8M | $1.7M | $626K | $348K | — | View 990 |
| 2020 | $1.7M | $1.7M | $621K | $360K | — | View 990 |
| 2019 | $1.7M | $1.7M | $484K | $239K | — | View 990 |
| 2018 | $1.6M | $1.7M | $484K | $297K | — | View 990 |
| 2017 | $1.7M | $1.7M | $518K | $307K | — | View 990 |
| 2016 | $1.7M | $1.7M | $405K | $213K | — | View 990 |
| 2015 | $1.7M | $1.7M | $482K | $301K | — | View 990 |
| 2014 | $1.9M | $1.9M | $512K | $306K | — | View 990 |
| 2013 | $1.9M | $1.9M | $611K | $408K | — | View 990 |
| 2012 | $1.8M | $1.9M | $462K | $260K | — | View 990 |
| 2011 | $1.7M | $1.7M | $332K | $112K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.9M, expenses of $1.9M, and assets of $1.4M (revenue -0.6% year-over-year).
- 2023: Revenue of $1.9M, expenses of $1.8M, and assets of $867K (revenue +10.9% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.7M, and assets of $702K (revenue -2.7% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.7M, and assets of $626K (revenue +3.4% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.7M, and assets of $621K (revenue -2.5% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.7M, and assets of $484K (revenue +6.1% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.7M, and assets of $484K (revenue -6.1% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.7M, and assets of $518K (revenue +0.9% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.7M, and assets of $405K (revenue +3.6% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.7M, and assets of $482K (revenue -12.0% year-over-year).
- 2014: Revenue of $1.9M, expenses of $1.9M, and assets of $512K (revenue -2.7% year-over-year).
- 2013: Revenue of $1.9M, expenses of $1.9M, and assets of $611K (revenue +5.9% year-over-year).
- 2012: Revenue of $1.8M, expenses of $1.9M, and assets of $462K (revenue +11.3% year-over-year).
- 2011: Revenue of $1.7M, expenses of $1.7M, and assets of $332K.
Data Sources and Methodology
This transparency report for Lakeland Andover School 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.