Lakes Region Wavemakers
Lakes Region Wavemakers shows no recent financial activity after years of modest revenue and zero executive compensation.
EIN: 20417558 · Gilford, NH · NTEE: N67 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $31K |
| Program Spending | 85% |
| Net Assets | $15K |
| Transparency Score | 70/100 |
Is Lakes Region Wavemakers Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lakes Region Wavemakers directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lakes Region Wavemakers
Lakes Region Wavemakers (EIN: 20417558) is a nonprofit organization based in Gilford, NH, classified under NTEE code N67. 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 Lakes Region Wavemakers's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lakes Region Wavemakers is a micro nonprofit that has been operating for 23 years, with 6 years of IRS 990 filings on record (2012–2018). Revenue has grown at a compound annual rate of -7.5%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $38K |
| Total Expenses | $31K |
| Surplus / Deficit | +$8K |
| Total Assets | $18K |
| Total Liabilities | $3K |
| Net Assets | $15K |
| Operating Margin | 20.6% |
| Debt-to-Asset Ratio | 18.5% |
| Months of Reserves | 7.0 months |
Financial Health Grade: A
In 2018, Lakes Region Wavemakers reported a surplus of $8K with revenue exceeding expenses, holds 7.0 months of operating reserves (strong position), has a debt-to-asset ratio of 18.5% (very low leverage).
Financial Trends
Over 6 years of filings (2012–2018), Lakes Region Wavemakers's revenue has declined at a compound annual growth rate (CAGR) of -7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -14.4% | -25.4% | +81.2% |
| 2017 | +32.7% | -22.5% | +7.6% |
| 2016 | -39.0% | -1.1% | -64.9% |
| 2015 | -9.3% | -2.7% | +7.4% |
| 2014 | -0.6% | -20.0% | +68.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Lakes Region Wavemakers with a Mission Score of 70 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: 85%
- fundraising: 5%
According to IRS 990 filings, Lakes Region Wavemakers allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $8K, with revenue exceeding expenses.
- Debt-to-asset ratio: 18.5%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating a volunteer-led organization or one with no paid officers, which is common for smaller nonprofits.
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 Lakes Region Wavemakers's IRS 990 filings:
- Latest filing shows $0 revenue and assets, indicating potential dormancy or cessation of operations.
- Fluctuating financial performance with some years showing expenses exceeding revenue (e.g., 2016 and 2012).
Strengths
The following positive indicators were identified for Lakes Region Wavemakers:
- Consistent reporting of 0% officer compensation, suggesting a volunteer-driven model.
- History of consistent IRS 990 filings, demonstrating regulatory compliance.
- Operated with positive net income in several years (e.g., $7,927 in 2018, $3,983 in 2017), indicating financial management capacity in those periods.
Frequently Asked Questions about Lakes Region Wavemakers
Is Lakes Region Wavemakers a legitimate charity?
Based on AI analysis of IRS 990 filings, Lakes Region Wavemakers (EIN: 20417558) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Lakes Region Wavemakers spend its money?
Lakes Region Wavemakers directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lakes Region Wavemakers tax-deductible?
Lakes Region Wavemakers is registered as a tax-exempt nonprofit (EIN: 20417558). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lakes Region Wavemakers's spending goes to programs?
Lakes Region Wavemakers directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lakes Region Wavemakers compare to similar nonprofits?
With a transparency score of 70/100 (Good), Lakes Region Wavemakers is above average for NTEE category N67 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lakes Region Wavemakers located?
Lakes Region Wavemakers is headquartered in Gilford, New Hampshire and files with the IRS under EIN 20417558. It is classified under NTEE code N67.
How many years of IRS 990 filings does Lakes Region Wavemakers have?
Lakes Region Wavemakers has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What is the current operational status of Lakes Region Wavemakers, given the $0 revenue and assets in the latest filing?
The latest filing showing $0 revenue and assets suggests the organization may be dormant or has ceased operations. Further investigation into their current activities would be necessary.
How does Lakes Region Wavemakers fund its operations if there is no officer compensation?
The organization likely relies on volunteers for leadership and administrative tasks, allowing a greater portion of its modest revenue (e.g., $38,469 in 2018) to be directed towards program expenses.
What specific programs does Lakes Region Wavemakers operate, and how are funds allocated to them?
The provided data does not detail specific programs or their funding allocation. This information would typically be found in the organization's full IRS Form 990 or annual reports.
Filing History
IRS 990 filing history for Lakes Region Wavemakers showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2012–2018), Lakes Region Wavemakers's revenue has declined by 37.6%, moving from $62K to $38K. Total assets increased by 24.1% over the same period, from $14K to $18K. Total functional expenses fell by 55.5%, from $69K to $31K. In its most recent filing year (2018), Lakes Region Wavemakers reported a surplus of $8K, with revenue exceeding expenses. The organization holds $3K in liabilities against $18K in assets (debt-to-asset ratio: 18.5%), resulting in net assets of $15K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $38K | $31K | $18K | $3K | — | View 990 |
| 2017 | $45K | $41K | $10K | $3K | — | View 990 |
| 2016 | $34K | $53K | $9K | $7K | — | View 990 |
| 2015 | $56K | $53K | $26K | $4K | — | View 990 |
| 2014 | $61K | $55K | $24K | $5K | — | View 990 |
| 2012 | $62K | $69K | $14K | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $38K, expenses of $31K, and assets of $18K (revenue -14.4% year-over-year).
- 2017: Revenue of $45K, expenses of $41K, and assets of $10K (revenue +32.7% year-over-year).
- 2016: Revenue of $34K, expenses of $53K, and assets of $9K (revenue -39.0% year-over-year).
- 2015: Revenue of $56K, expenses of $53K, and assets of $26K (revenue -9.3% year-over-year).
- 2014: Revenue of $61K, expenses of $55K, and assets of $24K (revenue -0.6% year-over-year).
- 2012: Revenue of $62K, expenses of $69K, and assets of $14K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lakes Region Wavemakers:
Data Sources and Methodology
This transparency report for Lakes Region Wavemakers 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.