Laker Athletic Booster Club Inc
Laker Athletic Booster Club consistently generates over $1 million in revenue with no reported officer compensation.
EIN: 205618955 · Prior Lake, MN · NTEE: B112 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $1.0M |
| Program Spending | 90% |
| Net Assets | $696K |
| Transparency Score | 95/100 |
Is Laker Athletic Booster Club Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Laker Athletic Booster Club Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Laker Athletic Booster Club Inc
Laker Athletic Booster Club Inc (EIN: 205618955) is a nonprofit organization based in Prior Lake, MN, classified under NTEE code B112. The organization reported total revenue of $1.4M and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Laker Athletic Booster Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Laker Athletic Booster Club Inc is a mid-size nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 7.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.0M |
| Surplus / Deficit | +$35K |
| Total Assets | $992K |
| Total Liabilities | $296K |
| Net Assets | $696K |
| Operating Margin | 3.2% |
| Debt-to-Asset Ratio | 29.8% |
| Months of Reserves | 11.4 months |
Financial Health Grade: A
In 2023, Laker Athletic Booster Club Inc reported a surplus of $35K with revenue exceeding expenses, holds 11.4 months of operating reserves (strong position), has a debt-to-asset ratio of 29.8% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Laker Athletic Booster Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.4% | +17.6% | +3.8% |
| 2022 | +103.7% | +74.8% | +18.9% |
| 2021 | -43.3% | -38.7% | -11.6% |
| 2020 | -14.4% | -26.3% | +2.8% |
| 2019 | +0.0% | +6.6% | -3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Laker Athletic Booster Club 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Laker Athletic Booster Club Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 surplus of $35K, with revenue exceeding expenses.
- Debt-to-asset ratio: 29.8%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based. This is highly commendable and suggests that all funds are directed towards the organization's mission rather than executive salaries.
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 Laker Athletic Booster Club Inc:
- Consistent revenue generation, often exceeding $1 million annually.
- No reported officer compensation, indicating a volunteer-driven and highly efficient leadership.
- Healthy asset growth, from $743,585 in 2014 to $991,907 in 2023.
- Operating with a surplus in most recent years (e.g., $34,643 surplus in 2023).
- Manageable liabilities relative to assets.
Frequently Asked Questions about Laker Athletic Booster Club Inc
Is Laker Athletic Booster Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Laker Athletic Booster Club Inc (EIN: 205618955) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Laker Athletic Booster Club Inc spend its money?
Laker Athletic Booster Club Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Laker Athletic Booster Club Inc tax-deductible?
Laker Athletic Booster Club Inc is registered as a tax-exempt nonprofit (EIN: 205618955). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Laker Athletic Booster Club Inc's spending goes to programs?
Laker Athletic Booster Club Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Laker Athletic Booster Club Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Laker Athletic Booster Club Inc is above average for NTEE category B112 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Laker Athletic Booster Club Inc located?
Laker Athletic Booster Club Inc is headquartered in Prior Lake, Minnesota and files with the IRS under EIN 205618955. It is classified under NTEE code B112.
How many years of IRS 990 filings does Laker Athletic Booster Club Inc have?
Laker Athletic Booster Club Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.4M in total revenue.
Is Laker Athletic Booster Club Inc a good charity?
Based on the provided financial data, Laker Athletic Booster Club Inc appears to be a very good charity. It consistently generates substantial revenue, maintains a healthy asset base, and most notably, reports no officer compensation, suggesting a high degree of efficiency and dedication to its mission.
How has the organization's financial health changed over time?
The organization has shown consistent financial health, with revenues generally exceeding expenses. While there was a slight dip in revenue in 2021 ($522,466), it quickly rebounded to over $1 million in subsequent years. Assets have steadily increased from $743,585 in 2014 to $991,907 in 2023, indicating stable growth.
What is the organization's approach to executive compensation?
Laker Athletic Booster Club Inc has a highly efficient approach to executive compensation, reporting 0% officer compensation in all available filings. This means that the organization's leadership is volunteer-based, maximizing the funds available for its programs.
Filing History
IRS 990 filing history for Laker Athletic Booster Club Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Laker Athletic Booster Club Inc's revenue has grown by 168.7%, moving from $402K to $1.1M. Total assets increased by 394.3% over the same period, from $201K to $992K. Total functional expenses rose by 168.9%, from $389K to $1.0M. In its most recent filing year (2023), Laker Athletic Booster Club Inc reported a surplus of $35K, with revenue exceeding expenses. The organization holds $296K in liabilities against $992K in assets (debt-to-asset ratio: 29.8%), resulting in net assets of $696K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.0M | $992K | $296K | — | — |
| 2022 | $1.1M | $889K | $956K | $294K | — | View 990 |
| 2021 | $522K | $508K | $804K | $268K | — | View 990 |
| 2020 | $921K | $829K | $909K | $387K | — | View 990 |
| 2019 | $1.1M | $1.1M | $884K | $454K | — | View 990 |
| 2018 | $1.1M | $1.1M | $912K | $432K | — | View 990 |
| 2017 | $1.2M | $1.2M | $940K | $480K | — | View 990 |
| 2016 | $960K | $806K | $934K | $337K | — | View 990 |
| 2015 | $885K | $820K | $811K | $369K | — | View 990 |
| 2014 | $928K | $890K | $744K | $368K | — | — |
| 2013 | $916K | $859K | $338K | $0 | — | View 990 |
| 2012 | $710K | $673K | $281K | $0 | — | View 990 |
| 2011 | $681K | $637K | $244K | $0 | — | View 990 |
| 2010 | $402K | $389K | $201K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.0M, and assets of $992K (revenue +1.4% year-over-year).
- 2022: Revenue of $1.1M, expenses of $889K, and assets of $956K (revenue +103.7% year-over-year).
- 2021: Revenue of $522K, expenses of $508K, and assets of $804K (revenue -43.3% year-over-year).
- 2020: Revenue of $921K, expenses of $829K, and assets of $909K (revenue -14.4% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.1M, and assets of $884K (revenue +0.0% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.1M, and assets of $912K (revenue -13.3% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.2M, and assets of $940K (revenue +29.1% year-over-year).
- 2016: Revenue of $960K, expenses of $806K, and assets of $934K (revenue +8.5% year-over-year).
- 2015: Revenue of $885K, expenses of $820K, and assets of $811K (revenue -4.6% year-over-year).
- 2014: Revenue of $928K, expenses of $890K, and assets of $744K (revenue +1.3% year-over-year).
- 2013: Revenue of $916K, expenses of $859K, and assets of $338K (revenue +29.0% year-over-year).
- 2012: Revenue of $710K, expenses of $673K, and assets of $281K (revenue +4.3% year-over-year).
- 2011: Revenue of $681K, expenses of $637K, and assets of $244K (revenue +69.4% year-over-year).
- 2010: Revenue of $402K, expenses of $389K, and assets of $201K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Laker Athletic Booster Club Inc:
Data Sources and Methodology
This transparency report for Laker Athletic Booster Club 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.