Lakeville North Girls Basketball Association
Lakeville North Girls Basketball Association consistently operates with surpluses and zero officer compensation, growing assets steadily.
EIN: 202931463 · Lakeville, MN · NTEE: N62 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $362K |
| Total Expenses | $179K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $150,000 |
| Net Assets | $151K |
| Transparency Score | 92/100 |
Is Lakeville North Girls Basketball Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lakeville North Girls Basketball Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lakeville North Girls Basketball Association
Lakeville North Girls Basketball Association (EIN: 202931463) is a nonprofit organization based in Lakeville, MN, classified under NTEE code N62. The organization reported total revenue of $362K and total assets of $194K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lakeville North Girls Basketball Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lakeville North Girls Basketball Association is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $205K |
| Total Expenses | $179K |
| Surplus / Deficit | +$26K |
| Total Assets | $151K |
| Net Assets | $151K |
| Operating Margin | 12.8% |
| Months of Reserves | 10.1 months |
Financial Health Grade: A
In 2023, Lakeville North Girls Basketball Association reported a surplus of $26K with revenue exceeding expenses, holds 10.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Lakeville North Girls Basketball Association's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.9% | -4.3% | +21.1% |
| 2022 | -16.0% | -3.6% | -1.4% |
| 2021 | +32.6% | +23.5% | +26.5% |
| 2020 | -21.1% | -16.0% | +10.2% |
| 2019 | +20.3% | +33.1% | +35.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
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 Lakeville North Girls Basketball Association with a Mission Score of 92 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, Lakeville North Girls Basketball Association 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 $26K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly efficient for an organization of its size with revenues typically around $150,000-$220,000 annually.
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 Lakeville North Girls Basketball Association:
- Consistent financial surpluses, such as $26,298 in 202312 (Revenue $205,024 - Expenses $178,726).
- Zero officer compensation reported across all filings, indicating high operational efficiency.
- Steady growth in assets from $30,348 in 2014 to $151,160 in 2023.
- No reported liabilities in any filing, demonstrating strong financial solvency.
- Consistent IRS 990 filing history over 13 periods, indicating good transparency and compliance.
Frequently Asked Questions about Lakeville North Girls Basketball Association
Is Lakeville North Girls Basketball Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Lakeville North Girls Basketball Association (EIN: 202931463) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Lakeville North Girls Basketball Association spend its money?
Lakeville North Girls Basketball Association directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lakeville North Girls Basketball Association tax-deductible?
Lakeville North Girls Basketball Association is registered as a tax-exempt nonprofit (EIN: 202931463). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lakeville North Girls Basketball Association CEO make?
Lakeville North Girls Basketball Association's highest-compensated officer earns $150,000 annually. The organization reported $362K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Lakeville North Girls Basketball Association's spending goes to programs?
Lakeville North Girls Basketball Association directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lakeville North Girls Basketball Association compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Lakeville North Girls Basketball Association is above average for NTEE category N62 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lakeville North Girls Basketball Association located?
Lakeville North Girls Basketball Association is headquartered in Lakeville, Minnesota and files with the IRS under EIN 202931463. It is classified under NTEE code N62.
How many years of IRS 990 filings does Lakeville North Girls Basketball Association have?
Lakeville North Girls Basketball Association has 13 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 $362K in total revenue.
Is Lakeville North Girls Basketball Association a good charity?
Based on the provided financial data, the Lakeville North Girls Basketball Association appears to be a very good charity. It consistently operates with a surplus, has zero officer compensation, and has steadily grown its assets from $30,348 in 2014 to $151,160 in 2023, all while maintaining no liabilities.
How has the organization's financial health changed over the last decade?
The organization's financial health has significantly improved over the last decade. Assets have grown from $30,348 in 2014 to $151,160 in 2023, and it has consistently managed to generate surpluses in most years, indicating strong financial stewardship and growth.
What is the organization's approach to executive compensation?
The organization's approach to executive compensation is highly efficient, with 0% reported officer compensation across all filings. This suggests that all leadership roles are filled by volunteers, maximizing funds available for programs.
Filing History
IRS 990 filing history for Lakeville North Girls Basketball Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lakeville North Girls Basketball Association's revenue has grown by 43.3%, moving from $143K to $205K. Total assets increased by 206.6% over the same period, from $49K to $151K. Total functional expenses rose by 18.6%, from $151K to $179K. In its most recent filing year (2023), Lakeville North Girls Basketball Association reported a surplus of $26K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $205K | $179K | $151K | $0 | — | — |
| 2022 | $185K | $187K | $125K | $0 | — | — |
| 2021 | $220K | $194K | $127K | $0 | — | View 990 |
| 2020 | $166K | $157K | $100K | $0 | — | View 990 |
| 2019 | $210K | $187K | $91K | $0 | — | View 990 |
| 2018 | $175K | $140K | $67K | $0 | — | View 990 |
| 2017 | $143K | $162K | $32K | $0 | — | View 990 |
| 2016 | $135K | $137K | $51K | $0 | — | View 990 |
| 2015 | $159K | $136K | $53K | $0 | — | View 990 |
| 2014 | $154K | $167K | $30K | $0 | — | View 990 |
| 2013 | $147K | $159K | $43K | $0 | — | View 990 |
| 2012 | $133K | $127K | $55K | $0 | — | View 990 |
| 2011 | $143K | $151K | $49K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $205K, expenses of $179K, and assets of $151K (revenue +10.9% year-over-year).
- 2022: Revenue of $185K, expenses of $187K, and assets of $125K (revenue -16.0% year-over-year).
- 2021: Revenue of $220K, expenses of $194K, and assets of $127K (revenue +32.6% year-over-year).
- 2020: Revenue of $166K, expenses of $157K, and assets of $100K (revenue -21.1% year-over-year).
- 2019: Revenue of $210K, expenses of $187K, and assets of $91K (revenue +20.3% year-over-year).
- 2018: Revenue of $175K, expenses of $140K, and assets of $67K (revenue +22.0% year-over-year).
- 2017: Revenue of $143K, expenses of $162K, and assets of $32K (revenue +6.2% year-over-year).
- 2016: Revenue of $135K, expenses of $137K, and assets of $51K (revenue -15.1% year-over-year).
- 2015: Revenue of $159K, expenses of $136K, and assets of $53K (revenue +3.1% year-over-year).
- 2014: Revenue of $154K, expenses of $167K, and assets of $30K (revenue +4.6% year-over-year).
- 2013: Revenue of $147K, expenses of $159K, and assets of $43K (revenue +10.8% year-over-year).
- 2012: Revenue of $133K, expenses of $127K, and assets of $55K (revenue -6.9% year-over-year).
- 2011: Revenue of $143K, expenses of $151K, and assets of $49K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lakeville North Girls Basketball Association:
Data Sources and Methodology
This transparency report for Lakeville North Girls Basketball Association 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.