Lakes Region Television

Lakes Region Television maintains stable finances with zero executive compensation.

EIN: 10476274 · Bridgton, ME · NTEE: A32 · Updated: 2026-03-28

$118KRevenue
$117KAssets
90/100Mission Score (Excellent)
A32

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Lakes Region Television Financial Summary
MetricValue
Total Revenue$118K
Total Expenses$135K
Program Spending90%
CEO/Top Officer Pay$100,000
Net Assets$137K
Transparency Score90/100

Search Intent Cockpit

Lakes Region Television Form 990, Revenue, CEO Pay, and IRS Filing Signals

Lakes Region Television is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Lakes Region Television in one place.

Form 990 Filing Summary

9 filing years are available, with latest revenue of $116K and expenses of $135K.

Revenue and Expenses

Lakes Region Television reported $116K in revenue and $135K in expenses, a deficit of $18K.

Executive Compensation

Top officer compensation appears as $100,000 in the stored analysis, with context against revenue and expenses below.

Charity Score and Red Flags

90/100 mission score, 0 red flags, and 5 strengths are shown from structured and AI review.

Is Lakes Region Television Legit?

Appears Legitimate

GoodFiling Consistency
ExcellentSpending Efficiency
GoodTransparency
NoneRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

PendingDonor/Grant Funding
90%Program Expense
$0Grants Paid
9Stored Filing Years

Revenue Source Mix

Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.

Expense Deployment

Lakes Region Television Expense Deployment
Program services$121K (90%)

Across stored filings, Lakes Region Television shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Lakes Region Television Donor Decision Matrix
Decision LensSignalWhat to Inspect Next
LegitimacyAppears LegitimateGood filing record; no red flags identified
Mission spend90% to programsExcellent
Financial durabilityGrade B9 stored filing years
Peer contextCompare with Maine Composite Materials Applied Technology Development CenterMaine and Arts & Culture context

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Lakes Region Television directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Lakes Region Television

Lakes Region Television (EIN: 10476274) is a nonprofit organization based in Bridgton, ME, classified under NTEE code A32. The organization reported total revenue of $118K and total assets of $117K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lakes Region Television's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

32Years Operating
SmallSize Classification
9Years of Filings
MixedRevenue Trajectory

Lakes Region Television is a small nonprofit that has been operating for 32 years, with 9 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 4.0%.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

Total Revenue$116K
Total Expenses$135K
Surplus / Deficit$-18,398
Total Assets$140K
Total Liabilities$2K
Net Assets$137K
Operating Margin-15.8%
Debt-to-Asset Ratio1.7%
Months of Reserves12.4 months

Financial Health Grade: B

In 2024, Lakes Region Television reported a deficit of $18K with expenses exceeding revenue, holds 12.4 months of operating reserves (strong position), has a debt-to-asset ratio of 1.7% (very low leverage).

Financial Trends

Over 9 years of filings (2011–2024), Lakes Region Television's revenue has grown at a compound annual growth rate (CAGR) of 4.0%.

YearRevenue ChangeExpense ChangeAsset Change
2024-7.5%+11.2%-11.4%
2023+13.6%+6.4%+4.3%
2022+9.8%+3.6%-2.1%
2021-15.3%+2.3%-5.6%
2020-21.3%+12.4%+7.6%

IRS Tax-Exempt Classification

IRS Classification Codes1200
IRS Ruling Date1994

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Lakes Region Television demonstrates consistent financial activity, with revenues and expenses generally hovering around the $100,000 to $150,000 mark over the past decade. The organization has maintained a healthy asset base, currently at $116,758, which has shown growth from $67,145 in 2011. Liabilities have consistently remained very low, indicating strong financial management and minimal debt burden. The organization's commitment to transparency is evident through its consistent filing of IRS Form 990s, with nine filings available, and the explicit reporting of 0% officer compensation across all periods, which is a significant positive indicator for a nonprofit of this size. While specific program spending details are not provided in the summary data, the absence of officer compensation suggests that a substantial portion of expenses is likely directed towards operational costs and program delivery. The organization has experienced periods where expenses exceeded revenue, such as in 2024 ($134,724 expenses vs. $116,326 revenue) and 2022 ($113,850 expenses vs. $110,659 revenue), which can lead to a slight draw on reserves but is not uncommon for smaller nonprofits managing fluctuating funding. Overall, Lakes Region Television appears to be a financially stable and transparent organization, effectively managing its resources with a clear focus on its mission, as evidenced by its minimal liabilities and zero executive compensation.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Lakes Region Television with a Mission Score of 90 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: 10%
  • programs: 90%
  • fundraising: 0%

According to IRS 990 filings, Lakes Region Television allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

$116KTotal Revenue
$135KTotal Expenses
$140KTotal Assets
$2KTotal Liabilities
$137KNet Assets
  • The organization reported a deficit of $18K, with expenses exceeding revenue.
  • Debt-to-asset ratio: 1.7%.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly commendable for a nonprofit of its size with revenues around $100,000-$150,000.

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 Lakes Region Television:

  • Zero officer compensation reported across all filings, indicating high efficiency and dedication of funds to mission.
  • Consistently low liabilities, demonstrating strong financial management and minimal debt.
  • Stable asset base, growing from $67,145 in 2011 to $116,758 currently, indicating financial resilience.
  • Consistent IRS 990 filing history (9 filings), showing strong transparency and compliance.
  • Revenue and expenses generally stable over the past decade, indicating predictable operations.

Frequently Asked Questions about Lakes Region Television

Is Lakes Region Television a legitimate charity?

Lakes Region Television (EIN: 10476274) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 90/100. It has 9 years of IRS 990 filings on record. Total revenue: $118K. No red flags identified. 5 strengths noted. Financial health grade: B.

How does Lakes Region Television spend its money?

Lakes Region Television directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.

Are donations to Lakes Region Television tax-deductible?

Lakes Region Television is registered as a tax-exempt nonprofit (EIN: 10476274). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

How much does the Lakes Region Television CEO make?

Lakes Region Television's highest-compensated officer earns $100,000 annually. The organization reported $118K in total revenue. Executive compensation data is disclosed in IRS 990 filings.

How does Lakes Region Television compare to similar nonprofits?

With a transparency score of 90/100 (Excellent), Lakes Region Television is above average for NTEE category A32 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.

Where is Lakes Region Television located?

Lakes Region Television is headquartered in Bridgton, Maine and files with the IRS under EIN 10476274. It is classified under NTEE code A32.

How many years of IRS 990 filings does Lakes Region Television have?

Lakes Region Television has 9 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 $118K in total revenue.

Is Lakes Region Television a good charity?

Based on the provided financial data, Lakes Region Television appears to be a good charity. It demonstrates strong financial health with low liabilities, consistent revenue, and, most notably, zero officer compensation reported across all filings, suggesting a high dedication of resources to its mission.

How does Lakes Region Television manage its expenses?

Lakes Region Television generally manages its expenses well, keeping them in line with its revenue. While there have been periods where expenses slightly exceeded revenue (e.g., $134,724 expenses vs. $116,326 revenue in 2024), its consistent low liabilities and stable asset base indicate prudent financial management.

What is the financial trend of Lakes Region Television?

Lakes Region Television shows a stable financial trend over the past decade, with revenues and expenses consistently in the $100,000-$150,000 range. Assets have grown from $67,145 in 2011 to $116,758 currently, demonstrating long-term financial stability.

Filing History

IRS 990 filing history for Lakes Region Television showing financial trends over 9 years of public records:

Over 9 years of IRS 990 filings (2011–2024), Lakes Region Television's revenue has grown by 66.8%, moving from $70K to $116K. Total assets increased by 107.9% over the same period, from $67K to $140K. Total functional expenses rose by 82%, from $74K to $135K. In its most recent filing year (2024), Lakes Region Television reported a deficit of $18K, with expenses exceeding revenue. The organization holds $2K in liabilities against $140K in assets (debt-to-asset ratio: 1.7%), resulting in net assets of $137K.

YearRevenueExpensesAssetsLiabilitiesOfficer Comp. %PDF
2024 $116K $135K $140K $2K
2023 $126K $121K $158K $2K View 990
2022 $111K $114K $151K $29 View 990
2021 $101K $110K $154K $20 View 990
2020 $119K $107K $163K $23 View 990
2019 $151K $96K $152K $1 View 990
2018 $112K $99K $96K $18 View 990
2012 $97K $90K $74K $11 View 990
2011 $70K $74K $67K $1K View 990

Year-by-Year Financial Summary

  • 2024: Revenue of $116K, expenses of $135K, and assets of $140K (revenue -7.5% year-over-year).
  • 2023: Revenue of $126K, expenses of $121K, and assets of $158K (revenue +13.6% year-over-year).
  • 2022: Revenue of $111K, expenses of $114K, and assets of $151K (revenue +9.8% year-over-year).
  • 2021: Revenue of $101K, expenses of $110K, and assets of $154K (revenue -15.3% year-over-year).
  • 2020: Revenue of $119K, expenses of $107K, and assets of $163K (revenue -21.3% year-over-year).
  • 2019: Revenue of $151K, expenses of $96K, and assets of $152K (revenue +35.4% year-over-year).
  • 2018: Revenue of $112K, expenses of $99K, and assets of $96K (revenue +14.6% year-over-year).
  • 2012: Revenue of $97K, expenses of $90K, and assets of $74K (revenue +39.7% year-over-year).
  • 2011: Revenue of $70K, expenses of $74K, and assets of $67K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Lakes Region Television:

2024 Filing 2023 Filing 2022 Filing 2021 Filing 2020 Filing 2019 Filing 2018 Filing 2012 Filing 2011 Filing

Data Sources and Methodology

This transparency report for Lakes Region Television 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.

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