Lakeshore Band Parents Inc
EIN: 460693541 · Stevensville, MI · NTEE: B11
| Metric | Value |
|---|---|
| Total Revenue | $354K |
| Total Expenses | $295K |
| Net Assets | $52K |
Is Lakeshore Band Parents Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lakeshore Band Parents Inc
Lakeshore Band Parents Inc (EIN: 460693541) is a nonprofit organization based in Stevensville, MI, classified under NTEE code B11. The organization reported total revenue of $354K and total assets of $88K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lakeshore Band Parents Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lakeshore Band Parents Inc is a small nonprofit that has been operating for 12 years, with 12 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of -4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $255K |
| Total Expenses | $295K |
| Surplus / Deficit | $-39,659 |
| Total Assets | $67K |
| Total Liabilities | $15K |
| Net Assets | $52K |
| Operating Margin | -15.5% |
| Debt-to-Asset Ratio | 22.4% |
| Months of Reserves | 2.7 months |
Financial Health Grade: C
In 2023, Lakeshore Band Parents Inc reported a deficit of $40K with expenses exceeding revenue, holds 2.7 months of operating reserves (limited), has a debt-to-asset ratio of 22.4% (moderate leverage).
Financial Trends
Over 12 years of filings (2013–2023), Lakeshore Band Parents Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +23.4% | +31.3% | -35.0% |
| 2022 | +9.9% | -3.9% | -13.4% |
| 2021 | -18.8% | +29.2% | -26.6% |
| 2021 | -27.0% | -53.6% | +41.8% |
| 2020 | +61.4% | +77.1% | -37.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lakeshore Band Parents Inc 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 Lakeshore Band Parents Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $40K, with expenses exceeding revenue.
- Debt-to-asset ratio: 22.4%.
Frequently Asked Questions about Lakeshore Band Parents Inc
Is Lakeshore Band Parents Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lakeshore Band Parents Inc (EIN: 460693541) insufficient data. 0 red flags identified, 0 strengths noted.
How does Lakeshore Band Parents Inc spend its money?
Detailed spending breakdown data is not yet available for Lakeshore Band Parents Inc. Check back for updated IRS 990 analysis.
Are donations to Lakeshore Band Parents Inc tax-deductible?
Lakeshore Band Parents Inc is registered as a tax-exempt nonprofit (EIN: 460693541). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lakeshore Band Parents Inc located?
Lakeshore Band Parents Inc is headquartered in Stevensville, Michigan and files with the IRS under EIN 460693541. It is classified under NTEE code B11.
How many years of IRS 990 filings does Lakeshore Band Parents Inc have?
Lakeshore Band Parents Inc has 12 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 $354K in total revenue.
Filing History
IRS 990 filing history for Lakeshore Band Parents Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2013–2023), Lakeshore Band Parents Inc's revenue has declined by 35.6%, moving from $397K to $255K. Total assets decreased by 68.9% over the same period, from $214K to $67K. Total functional expenses rose by 3%, from $287K to $295K. In its most recent filing year (2023), Lakeshore Band Parents Inc reported a deficit of $40K, with expenses exceeding revenue. The organization holds $15K in liabilities against $67K in assets (debt-to-asset ratio: 22.4%), resulting in net assets of $52K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $255K | $295K | $67K | $15K | — | — |
| 2022 | $207K | $225K | $102K | $11K | — | — |
| 2021 | $188K | $234K | $118K | $9K | — | View 990 |
| 2021 | $232K | $181K | $161K | $6K | — | View 990 |
| 2020 | $318K | $390K | $113K | $10K | — | View 990 |
| 2019 | $197K | $220K | $183K | $7K | — | View 990 |
| 2018 | $546K | $677K | $203K | $4K | — | View 990 |
| 2017 | $488K | $321K | $334K | $4K | — | View 990 |
| 2016 | $379K | $373K | $168K | $6K | — | View 990 |
| 2015 | $273K | $236K | $165K | $9K | — | View 990 |
| 2014 | $884K | $979K | $119K | $0 | — | View 990 |
| 2013 | $397K | $287K | $214K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $255K, expenses of $295K, and assets of $67K (revenue +23.4% year-over-year).
- 2022: Revenue of $207K, expenses of $225K, and assets of $102K (revenue +9.9% year-over-year).
- 2021: Revenue of $188K, expenses of $234K, and assets of $118K (revenue -18.8% year-over-year).
- 2021: Revenue of $232K, expenses of $181K, and assets of $161K (revenue -27.0% year-over-year).
- 2020: Revenue of $318K, expenses of $390K, and assets of $113K (revenue +61.4% year-over-year).
- 2019: Revenue of $197K, expenses of $220K, and assets of $183K (revenue -64.0% year-over-year).
- 2018: Revenue of $546K, expenses of $677K, and assets of $203K (revenue +11.9% year-over-year).
- 2017: Revenue of $488K, expenses of $321K, and assets of $334K (revenue +29.0% year-over-year).
- 2016: Revenue of $379K, expenses of $373K, and assets of $168K (revenue +38.7% year-over-year).
- 2015: Revenue of $273K, expenses of $236K, and assets of $165K (revenue -69.1% year-over-year).
- 2014: Revenue of $884K, expenses of $979K, and assets of $119K (revenue +122.7% year-over-year).
- 2013: Revenue of $397K, expenses of $287K, and assets of $214K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lakeshore Band Parents Inc:
Data Sources and Methodology
This transparency report for Lakeshore Band Parents 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.