Lakeshore Storm Volleyball Club Inc
Lakeshore Storm Volleyball Club Inc. shows strong financial solvency with zero liabilities and no officer compensation.
EIN: 20685254 · Manitowoc, WI · NTEE: O50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $93K |
| Total Expenses | $59K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $93,230. |
| Net Assets | $71K |
| Transparency Score | 95/100 |
Is Lakeshore Storm Volleyball Club Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lakeshore Storm Volleyball Club Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lakeshore Storm Volleyball Club Inc
Lakeshore Storm Volleyball Club Inc (EIN: 20685254) is a nonprofit organization based in Manitowoc, WI, classified under NTEE code O50. The organization reported total revenue of $93K and total assets of $71K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lakeshore Storm Volleyball Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lakeshore Storm Volleyball Club Inc is a micro nonprofit that has been operating for 23 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 4.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $93K |
| Total Expenses | $59K |
| Surplus / Deficit | +$34K |
| Total Assets | $71K |
| Net Assets | $71K |
| Operating Margin | 36.9% |
| Months of Reserves | 14.5 months |
Financial Health Grade: A
In 2024, Lakeshore Storm Volleyball Club Inc reported a surplus of $34K with revenue exceeding expenses, holds 14.5 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), Lakeshore Storm Volleyball Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +267.5% | +48.4% | +93.9% |
| 2023 | -46.0% | -18.1% | -28.0% |
| 2022 | +62558.7% | +1767.5% | -2.6% |
| 2021 | -99.9% | -95.9% | -4.6% |
| 2020 | +2.5% | +13.3% | +8.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Lakeshore Storm Volleyball 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Lakeshore Storm Volleyball Club Inc 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:
- The organization reported a surplus of $34K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all filings, indicating that no officers receive salaries from the organization, which is highly commendable for an organization of its size with latest revenue of $93,230.
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 Lakeshore Storm Volleyball Club Inc:
- Consistent reporting of 0% officer compensation across all filings.
- Zero liabilities reported in all available filings, indicating strong financial solvency.
- Significant revenue growth in the latest filing period (202406) to $93,230.
- Positive net assets, growing to $71,113 in the latest period.
Frequently Asked Questions about Lakeshore Storm Volleyball Club Inc
Is Lakeshore Storm Volleyball Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lakeshore Storm Volleyball Club Inc (EIN: 20685254) appears legitimate. Mission Score: 95/100. 0 red flags identified, 4 strengths noted.
How does Lakeshore Storm Volleyball Club Inc spend its money?
Lakeshore Storm Volleyball Club Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lakeshore Storm Volleyball Club Inc tax-deductible?
Lakeshore Storm Volleyball Club Inc is registered as a tax-exempt nonprofit (EIN: 20685254). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lakeshore Storm Volleyball Club Inc CEO make?
Lakeshore Storm Volleyball Club Inc's highest-compensated officer earns $93,230. annually. The organization reported $93K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Lakeshore Storm Volleyball Club Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Lakeshore Storm Volleyball Club Inc is above average for NTEE category O50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lakeshore Storm Volleyball Club Inc located?
Lakeshore Storm Volleyball Club Inc is headquartered in Manitowoc, Wisconsin and files with the IRS under EIN 20685254. It is classified under NTEE code O50.
How many years of IRS 990 filings does Lakeshore Storm Volleyball Club Inc have?
Lakeshore Storm Volleyball 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 $93K in total revenue.
Is Lakeshore Storm Volleyball Club Inc. a good charity?
Based on the provided financial data, Lakeshore Storm Volleyball Club Inc. appears to be a very good charity. It consistently reports zero liabilities, no officer compensation, and has shown recent revenue growth, indicating strong financial health and a clear dedication of resources to its mission.
How has the organization's revenue trended recently?
The organization's revenue has shown significant growth recently, increasing from $25,368 in 2023 to $93,230 in 2024, after a dip in 2023 from $46,994 in 2022.
What is the organization's asset-to-liability ratio?
The organization consistently reports zero liabilities, meaning its asset-to-liability ratio is effectively infinite, indicating exceptional financial solvency. In the latest period, assets were $71,113 with $0 liabilities.
Filing History
IRS 990 filing history for Lakeshore Storm Volleyball Club Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Lakeshore Storm Volleyball Club Inc's revenue has grown by 85.5%, moving from $50K to $93K. Total assets increased by 97.9% over the same period, from $36K to $71K. Total functional expenses rose by 37.2%, from $43K to $59K. In its most recent filing year (2024), Lakeshore Storm Volleyball Club Inc reported a surplus of $34K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $93K | $59K | $71K | $0 | — | — |
| 2023 | $25K | $40K | $37K | $0 | — | View 990 |
| 2022 | $47K | $48K | $51K | $0 | — | View 990 |
| 2021 | $75 | $3K | $52K | $0 | — | — |
| 2020 | $67K | $63K | $55K | $0 | — | View 990 |
| 2019 | $65K | $56K | $51K | $0 | — | View 990 |
| 2018 | $62K | $57K | $41K | $0 | — | — |
| 2017 | $57K | $60K | $36K | $0 | — | View 990 |
| 2016 | $65K | $63K | $38K | $0 | — | View 990 |
| 2015 | $56K | $54K | $36K | $0 | — | View 990 |
| 2014 | $57K | $67K | $34K | $0 | — | View 990 |
| 2013 | $45K | $39K | $45K | $0 | — | View 990 |
| 2012 | $44K | $41K | $39K | $0 | — | View 990 |
| 2011 | $50K | $43K | $36K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $93K, expenses of $59K, and assets of $71K (revenue +267.5% year-over-year).
- 2023: Revenue of $25K, expenses of $40K, and assets of $37K (revenue -46.0% year-over-year).
- 2022: Revenue of $47K, expenses of $48K, and assets of $51K (revenue +62558.7% year-over-year).
- 2021: Revenue of $75, expenses of $3K, and assets of $52K (revenue -99.9% year-over-year).
- 2020: Revenue of $67K, expenses of $63K, and assets of $55K (revenue +2.5% year-over-year).
- 2019: Revenue of $65K, expenses of $56K, and assets of $51K (revenue +5.9% year-over-year).
- 2018: Revenue of $62K, expenses of $57K, and assets of $41K (revenue +7.6% year-over-year).
- 2017: Revenue of $57K, expenses of $60K, and assets of $36K (revenue -12.1% year-over-year).
- 2016: Revenue of $65K, expenses of $63K, and assets of $38K (revenue +17.8% year-over-year).
- 2015: Revenue of $56K, expenses of $54K, and assets of $36K (revenue -2.8% year-over-year).
- 2014: Revenue of $57K, expenses of $67K, and assets of $34K (revenue +27.8% year-over-year).
- 2013: Revenue of $45K, expenses of $39K, and assets of $45K (revenue +1.3% year-over-year).
- 2012: Revenue of $44K, expenses of $41K, and assets of $39K (revenue -12.3% year-over-year).
- 2011: Revenue of $50K, expenses of $43K, and assets of $36K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lakeshore Storm Volleyball Club Inc:
Data Sources and Methodology
This transparency report for Lakeshore Storm Volleyball 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.