Lakemary Center Endowment Association
EIN: 237423516 · Paola, KS
| Metric | Value |
|---|---|
| Total Expenses | $678K |
| Net Assets | $5.9M |
Is Lakemary Center Endowment Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lakemary Center Endowment Association
Lakemary Center Endowment Association (EIN: 237423516) is a nonprofit organization based in Paola, KS. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lakemary Center Endowment Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lakemary Center Endowment Association is a small nonprofit, with 8 years of IRS 990 filings on record (2011–2018). Revenue has grown at a compound annual rate of -5.3%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $983K |
| Total Expenses | $678K |
| Surplus / Deficit | +$305K |
| Total Assets | $6.0M |
| Total Liabilities | $50K |
| Net Assets | $5.9M |
| Operating Margin | 31.0% |
| Debt-to-Asset Ratio | 0.8% |
| Months of Reserves | 105.4 months |
Financial Health Grade: A
In 2018, Lakemary Center Endowment Association reported a surplus of $305K with revenue exceeding expenses, holds 105.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.8% (very low leverage).
Financial Trends
Over 8 years of filings (2011–2018), Lakemary Center Endowment Association's revenue has declined at a compound annual growth rate (CAGR) of -5.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -13.9% | -44.0% | +5.6% |
| 2017 | +161.6% | +2.5% | +2.0% |
| 2016 | -71.6% | -10.9% | -10.2% |
| 2015 | +127.9% | -38.3% | -13.3% |
| 2014 | -63.3% | +278.8% | -7.7% |
AI Analysis Pending
AI enrichment for Lakemary Center Endowment Association 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 Lakemary Center Endowment Association 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 (2018)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $305K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.8%.
Frequently Asked Questions about Lakemary Center Endowment Association
Is Lakemary Center Endowment Association a legitimate charity?
Lakemary Center Endowment Association (EIN: 237423516) is a registered tax-exempt nonprofit based in Kansas. It has 8 years of IRS 990 filings on record. No red flags identified. Financial health grade: A.
How does Lakemary Center Endowment Association spend its money?
Lakemary Center Endowment Association reported its financials in IRS 990 filings. 8 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Lakemary Center Endowment Association tax-deductible?
Lakemary Center Endowment Association is registered as a tax-exempt nonprofit (EIN: 237423516). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lakemary Center Endowment Association located?
Lakemary Center Endowment Association is headquartered in Paola, Kansas and files with the IRS under EIN 237423516.
How many years of IRS 990 filings does Lakemary Center Endowment Association have?
Lakemary Center Endowment Association has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Lakemary Center Endowment Association showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2018), Lakemary Center Endowment Association's revenue has declined by 31.6%, moving from $1.4M to $983K. Total assets increased by 7.9% over the same period, from $5.5M to $6.0M. Total functional expenses rose by 37.4%, from $494K to $678K. In its most recent filing year (2018), Lakemary Center Endowment Association reported a surplus of $305K, with revenue exceeding expenses. The organization holds $50K in liabilities against $6.0M in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $5.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $983K | $678K | $6.0M | $50K | — | View 990 |
| 2017 | $1.1M | $1.2M | $5.6M | $122K | — | View 990 |
| 2016 | $436K | $1.2M | $5.5M | $256K | — | View 990 |
| 2015 | $1.5M | $1.3M | $6.2M | $140K | — | View 990 |
| 2014 | $674K | $2.1M | $7.1M | $269K | — | View 990 |
| 2013 | $1.8M | $567K | $7.7M | $5K | — | View 990 |
| 2012 | $1.0M | $316K | $6.1M | $6K | — | View 990 |
| 2011 | $1.4M | $494K | $5.5M | $17K | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $983K, expenses of $678K, and assets of $6.0M (revenue -13.9% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.2M, and assets of $5.6M (revenue +161.6% year-over-year).
- 2016: Revenue of $436K, expenses of $1.2M, and assets of $5.5M (revenue -71.6% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.3M, and assets of $6.2M (revenue +127.9% year-over-year).
- 2014: Revenue of $674K, expenses of $2.1M, and assets of $7.1M (revenue -63.3% year-over-year).
- 2013: Revenue of $1.8M, expenses of $567K, and assets of $7.7M (revenue +75.8% year-over-year).
- 2012: Revenue of $1.0M, expenses of $316K, and assets of $6.1M (revenue -27.2% year-over-year).
- 2011: Revenue of $1.4M, expenses of $494K, and assets of $5.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lakemary Center Endowment Association:
Data Sources and Methodology
This transparency report for Lakemary Center Endowment Association 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.