Lakewood Chedar School
Lakewood Chedar School: Strong Financials, High Program Spending
EIN: 222137420 · Lakewood, NJ · NTEE: B240 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $43.1M |
| Total Expenses | $38.6M |
| Program Spending | 90% |
| Net Assets | $30.4M |
| Transparency Score | 85/100 |
Is Lakewood Chedar School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lakewood Chedar School directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lakewood Chedar School
Lakewood Chedar School (EIN: 222137420) is a nonprofit organization based in Lakewood, NJ, classified under NTEE code B240. The organization reported total revenue of $43.1M and total assets of $51.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lakewood Chedar School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lakewood Chedar School is a large nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $39.1M |
| Total Expenses | $38.6M |
| Surplus / Deficit | +$442K |
| Total Assets | $52.3M |
| Total Liabilities | $21.8M |
| Net Assets | $30.4M |
| Operating Margin | 1.1% |
| Debt-to-Asset Ratio | 41.8% |
| Months of Reserves | 16.2 months |
Financial Health Grade: A
In 2023, Lakewood Chedar School reported a surplus of $442K with revenue exceeding expenses, holds 16.2 months of operating reserves (strong position), has a debt-to-asset ratio of 41.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lakewood Chedar School's revenue has grown at a compound annual growth rate (CAGR) of 7.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.1% | +16.3% | +0.7% |
| 2022 | +0.7% | +3.7% | +11.3% |
| 2021 | +10.5% | +6.5% | +6.7% |
| 2020 | +18.7% | +6.9% | +6.2% |
| 2019 | +3.0% | +4.9% | +3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1978 |
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 Lakewood Chedar School with a Mission Score of 85 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, Lakewood Chedar School 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 $442K, with revenue exceeding expenses.
- Debt-to-asset ratio: 41.8%.
Executive Compensation Analysis
Executive compensation cannot be assessed as the provided data from 990-EZ filings does not include specific compensation figures for officers, directors, trustees, or key employees.
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 Lakewood Chedar School's IRS 990 filings:
- Lack of detailed executive compensation information in the provided 990-EZ filings.
Strengths
The following positive indicators were identified for Lakewood Chedar School:
- Consistent revenue growth over the past several years, from $26.7M in 2016 to $39.0M in 2023.
- High percentage of expenses dedicated to programs (90% based on 2023 data: $38,638,769 program expenses out of $43,070,918 total revenue).
- Healthy asset base, growing from $37.7M in 2016 to $52.2M in 2023.
- Positive net assets, indicating financial stability.
Frequently Asked Questions about Lakewood Chedar School
Is Lakewood Chedar School a legitimate charity?
Lakewood Chedar School (EIN: 222137420) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $43.1M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Lakewood Chedar School spend its money?
Lakewood Chedar School directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lakewood Chedar School tax-deductible?
Lakewood Chedar School is registered as a tax-exempt nonprofit (EIN: 222137420). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lakewood Chedar School's spending goes to programs?
Lakewood Chedar School directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lakewood Chedar School compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Lakewood Chedar School is above average for NTEE category B240 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lakewood Chedar School located?
Lakewood Chedar School is headquartered in Lakewood, New Jersey and files with the IRS under EIN 222137420. It is classified under NTEE code B240.
How many years of IRS 990 filings does Lakewood Chedar School have?
Lakewood Chedar School 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 $43.1M in total revenue.
What does Lakewood Chedar School do?
Lakewood Chedar School is a nonprofit organization in the Education sector, located in Lakewood, New Jersey. It is classified under NTEE code B240.
How much revenue does Lakewood Chedar School have?
Lakewood Chedar School reported total revenue of $43,070,918. Based on 13 IRS 990 filings on record.
What are Lakewood Chedar School's total assets?
Lakewood Chedar School holds total assets of $50,983,165 as reported in IRS 990 filings.
Where is Lakewood Chedar School located?
Lakewood Chedar School is based in Lakewood, New Jersey.
What is Lakewood Chedar School's EIN?
Lakewood Chedar School's Employer Identification Number (EIN) is 222137420. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Lakewood Chedar School?
Lakewood Chedar School is classified under NTEE code B240 (Education).
Is Lakewood Chedar School a registered 501(c)(3)?
Yes, Lakewood Chedar School is recognized as a tax-exempt organization by the IRS. EIN: 222137420.
Does Lakewood Chedar School file IRS Form 990?
Yes, Lakewood Chedar School has 13 IRS Form 990 filings on record. The most recent covers tax period 202308.
What was Lakewood Chedar School's revenue in 2023?
In the 202308 filing period, Lakewood Chedar School reported total revenue of $39,080,411, total expenses of $38,638,769, and net assets of $52,273,635.
Is Lakewood Chedar School's revenue growing or declining?
Lakewood Chedar School's revenue is growing. Revenue went from $37,173,396 (202208) to $39,080,411 (202308), a +5.1% change. Based on 13 filings on record.
What is Lakewood Chedar School's most recent 990 filing?
The most recent IRS Form 990 filing for Lakewood Chedar School covers tax period 202308. It shows revenue of $39,080,411, expenses of $38,638,769, total assets of $52,273,635, and liabilities of $21,835,169.
How much does Lakewood Chedar School spend on programs vs administration?
Based on IRS 990 analysis, Lakewood Chedar School allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Lakewood Chedar School a trustworthy charity?
Based on AI analysis of IRS 990 data, Lakewood Chedar School appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 4 strengths noted.
What are the red flags for Lakewood Chedar School?
The following concerns were identified: Lack of detailed executive compensation information in the provided 990-EZ filings.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Lakewood Chedar School's strengths?
Positive indicators for Lakewood Chedar School include: Consistent revenue growth over the past several years, from $26.7M in 2016 to $39.0M in 2023.. High percentage of expenses dedicated to programs (90% based on 2023 data: $38,638,769 program expenses out of $43,070,918 total revenue).. Healthy asset base, growing from $37.7M in 2016 to $52.2M in 2023.. Positive net assets, indicating financial stability.. These findings are derived from AI analysis of the organization's financial filings.
How does Lakewood Chedar School compensate executives?
Executive compensation cannot be assessed as the provided data from 990-EZ filings does not include specific compensation figures for officers, directors, trustees, or key employees. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the consistent growth in assets and revenue impact the school's long-term sustainability and capacity for future expansion?
The consistent growth in assets and revenue suggests strong financial health and operational stability, providing a solid foundation for long-term sustainability and potential future expansion of educational programs or facilities.
Filing History
IRS 990 filing history for Lakewood Chedar School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lakewood Chedar School's revenue has grown by 144.2%, moving from $16.0M to $39.1M. Total assets increased by 185.1% over the same period, from $18.3M to $52.3M. Total functional expenses rose by 150.2%, from $15.4M to $38.6M. In its most recent filing year (2023), Lakewood Chedar School reported a surplus of $442K, with revenue exceeding expenses. The organization holds $21.8M in liabilities against $52.3M in assets (debt-to-asset ratio: 41.8%), resulting in net assets of $30.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $39.1M | $38.6M | $52.3M | $21.8M | — | — |
| 2022 | $37.2M | $33.2M | $51.9M | $21.9M | — | View 990 |
| 2021 | $36.9M | $32.0M | $46.7M | $20.6M | — | View 990 |
| 2020 | $33.4M | $30.1M | $43.7M | $22.6M | — | View 990 |
| 2019 | $28.1M | $28.1M | $41.2M | $23.3M | — | View 990 |
| 2018 | $27.3M | $26.8M | $39.7M | $21.8M | — | View 990 |
| 2017 | $28.3M | $26.7M | $39.2M | $21.9M | — | View 990 |
| 2016 | $26.7M | $24.0M | $37.8M | $22.0M | — | View 990 |
| 2015 | $24.0M | $21.7M | $36.8M | $23.3M | — | View 990 |
| 2014 | $22.0M | $18.9M | $30.4M | $19.2M | — | View 990 |
| 2013 | $18.5M | $17.5M | $19.5M | $11.3M | — | View 990 |
| 2012 | $17.9M | $16.2M | $20.5M | $11.8M | — | View 990 |
| 2011 | $16.0M | $15.4M | $18.3M | $11.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $39.1M, expenses of $38.6M, and assets of $52.3M (revenue +5.1% year-over-year).
- 2022: Revenue of $37.2M, expenses of $33.2M, and assets of $51.9M (revenue +0.7% year-over-year).
- 2021: Revenue of $36.9M, expenses of $32.0M, and assets of $46.7M (revenue +10.5% year-over-year).
- 2020: Revenue of $33.4M, expenses of $30.1M, and assets of $43.7M (revenue +18.7% year-over-year).
- 2019: Revenue of $28.1M, expenses of $28.1M, and assets of $41.2M (revenue +3.0% year-over-year).
- 2018: Revenue of $27.3M, expenses of $26.8M, and assets of $39.7M (revenue -3.6% year-over-year).
- 2017: Revenue of $28.3M, expenses of $26.7M, and assets of $39.2M (revenue +6.1% year-over-year).
- 2016: Revenue of $26.7M, expenses of $24.0M, and assets of $37.8M (revenue +11.3% year-over-year).
- 2015: Revenue of $24.0M, expenses of $21.7M, and assets of $36.8M (revenue +9.2% year-over-year).
- 2014: Revenue of $22.0M, expenses of $18.9M, and assets of $30.4M (revenue +19.0% year-over-year).
- 2013: Revenue of $18.5M, expenses of $17.5M, and assets of $19.5M (revenue +3.2% year-over-year).
- 2012: Revenue of $17.9M, expenses of $16.2M, and assets of $20.5M (revenue +11.8% year-over-year).
- 2011: Revenue of $16.0M, expenses of $15.4M, and assets of $18.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lakewood Chedar School:
Data Sources and Methodology
This transparency report for Lakewood Chedar School 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.