Lakeville South Boys Basketball Association
Lakeville South Boys Basketball Association shows consistent growth and strong financial health with zero officer compensation.
EIN: 202944853 · Lakeville, MN · NTEE: N62 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $388K |
| Total Expenses | $258K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $326,735. |
| Net Assets | $327K |
| Transparency Score | 92/100 |
Is Lakeville South Boys 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 South Boys Basketball Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lakeville South Boys Basketball Association
Lakeville South Boys Basketball Association (EIN: 202944853) is a nonprofit organization based in Lakeville, MN, classified under NTEE code N62. The organization reported total revenue of $388K and total assets of $352K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lakeville South Boys Basketball Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lakeville South Boys Basketball Association is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $310K |
| Total Expenses | $258K |
| Surplus / Deficit | +$52K |
| Total Assets | $327K |
| Net Assets | $327K |
| Operating Margin | 16.9% |
| Months of Reserves | 15.2 months |
Financial Health Grade: A
In 2023, Lakeville South Boys Basketball Association reported a surplus of $52K with revenue exceeding expenses, holds 15.2 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Lakeville South Boys Basketball Association's revenue has grown at a compound annual growth rate (CAGR) of 8.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.0% | -5.0% | +19.1% |
| 2022 | +31.3% | +32.9% | -0.6% |
| 2021 | -13.2% | +18.8% | +0.5% |
| 2020 | +17.4% | -8.8% | +30.9% |
| 2019 | +21.6% | +33.4% | +6.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
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 South Boys 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Lakeville South Boys Basketball Association allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 $52K, 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 commendable for an organization of its size with assets of $326,735.
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 South Boys Basketball Association:
- Consistent revenue growth, from $116,013 in 2017 to $310,036 in 2023.
- Zero liabilities reported across all 13 filings, indicating strong financial management.
- 0% officer compensation, demonstrating a volunteer-led model and efficient use of funds.
- Significant asset growth, from $171,643 in 2017 to $326,735 in 2023, building organizational capacity.
- Positive net income in most recent filing (202312) with revenue of $310,036 exceeding expenses of $257,574.
Frequently Asked Questions about Lakeville South Boys Basketball Association
Is Lakeville South Boys Basketball Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Lakeville South Boys Basketball Association (EIN: 202944853) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Lakeville South Boys Basketball Association spend its money?
Lakeville South Boys Basketball Association directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lakeville South Boys Basketball Association tax-deductible?
Lakeville South Boys Basketball Association is registered as a tax-exempt nonprofit (EIN: 202944853). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lakeville South Boys Basketball Association CEO make?
Lakeville South Boys Basketball Association's highest-compensated officer earns $326,735. annually. The organization reported $388K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Lakeville South Boys Basketball Association's spending goes to programs?
Lakeville South Boys Basketball Association directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lakeville South Boys Basketball Association compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Lakeville South Boys 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 South Boys Basketball Association located?
Lakeville South Boys Basketball Association is headquartered in Lakeville, Minnesota and files with the IRS under EIN 202944853. It is classified under NTEE code N62.
How many years of IRS 990 filings does Lakeville South Boys Basketball Association have?
Lakeville South Boys 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 $388K in total revenue.
Is Lakeville South Boys Basketball Association a good charity?
Based on the available IRS 990 data, the Lakeville South Boys Basketball Association appears to be a very good charity. It demonstrates strong financial health, consistent revenue growth, zero liabilities, and notably, 0% officer compensation, indicating a high dedication to its mission.
How has the organization's financial health changed over time?
The organization's financial health has steadily improved. Revenue has grown from $116,013 in 2017 to $310,036 in 2023, and assets have nearly doubled from $171,643 to $326,735 in the same period, all while maintaining zero liabilities.
What is the organization's approach to executive compensation?
The organization's approach to executive compensation is to pay none, as indicated by 0% officer compensation reported in all 13 filings. This suggests a volunteer-led structure, maximizing funds for programs.
Filing History
IRS 990 filing history for Lakeville South Boys Basketball Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lakeville South Boys Basketball Association's revenue has grown by 154.9%, moving from $122K to $310K. Total assets increased by 139% over the same period, from $137K to $327K. Total functional expenses rose by 169.5%, from $96K to $258K. In its most recent filing year (2023), Lakeville South Boys Basketball Association reported a surplus of $52K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $310K | $258K | $327K | $0 | — | View 990 |
| 2022 | $270K | $271K | $274K | $0 | — | View 990 |
| 2021 | $205K | $204K | $276K | $0 | — | View 990 |
| 2020 | $237K | $172K | $275K | $0 | — | View 990 |
| 2019 | $202K | $188K | $210K | $0 | — | View 990 |
| 2018 | $166K | $141K | $196K | $0 | — | View 990 |
| 2017 | $116K | $155K | $172K | $0 | — | View 990 |
| 2016 | $140K | $147K | $211K | $0 | — | View 990 |
| 2015 | $148K | $137K | $218K | $0 | — | View 990 |
| 2014 | $146K | $129K | $207K | $0 | — | View 990 |
| 2013 | $124K | $102K | $190K | $0 | — | View 990 |
| 2012 | $138K | $107K | $169K | $0 | — | View 990 |
| 2011 | $122K | $96K | $137K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $310K, expenses of $258K, and assets of $327K (revenue +15.0% year-over-year).
- 2022: Revenue of $270K, expenses of $271K, and assets of $274K (revenue +31.3% year-over-year).
- 2021: Revenue of $205K, expenses of $204K, and assets of $276K (revenue -13.2% year-over-year).
- 2020: Revenue of $237K, expenses of $172K, and assets of $275K (revenue +17.4% year-over-year).
- 2019: Revenue of $202K, expenses of $188K, and assets of $210K (revenue +21.6% year-over-year).
- 2018: Revenue of $166K, expenses of $141K, and assets of $196K (revenue +42.9% year-over-year).
- 2017: Revenue of $116K, expenses of $155K, and assets of $172K (revenue -16.9% year-over-year).
- 2016: Revenue of $140K, expenses of $147K, and assets of $211K (revenue -5.7% year-over-year).
- 2015: Revenue of $148K, expenses of $137K, and assets of $218K (revenue +1.4% year-over-year).
- 2014: Revenue of $146K, expenses of $129K, and assets of $207K (revenue +17.6% year-over-year).
- 2013: Revenue of $124K, expenses of $102K, and assets of $190K (revenue -10.2% year-over-year).
- 2012: Revenue of $138K, expenses of $107K, and assets of $169K (revenue +13.8% year-over-year).
- 2011: Revenue of $122K, expenses of $96K, and assets of $137K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lakeville South Boys Basketball Association:
Data Sources and Methodology
This transparency report for Lakeville South Boys 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.