Lapeer County Community Foundation
Lapeer County Community Foundation shows strong asset growth and no executive compensation.
EIN: 201271563 · Lapeer, MI · NTEE: T31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.7M |
| Total Expenses | $1.1M |
| Program Spending | 85% |
| Net Assets | $15.7M |
| Transparency Score | 90/100 |
Is Lapeer County Community Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lapeer County Community Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lapeer County Community Foundation
Lapeer County Community Foundation (EIN: 201271563) is a nonprofit organization based in Lapeer, MI, classified under NTEE code T31. The organization reported total revenue of $4.7M and total assets of $19.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lapeer County Community Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lapeer County Community Foundation is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.2M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$3.0M |
| Total Assets | $17.2M |
| Total Liabilities | $1.5M |
| Net Assets | $15.7M |
| Operating Margin | 73.0% |
| Debt-to-Asset Ratio | 9.0% |
| Months of Reserves | 183.2 months |
Financial Health Grade: A
In 2023, Lapeer County Community Foundation reported a surplus of $3.0M with revenue exceeding expenses, holds 183.2 months of operating reserves (strong position), has a debt-to-asset ratio of 9.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lapeer County Community Foundation's revenue has grown at a compound annual growth rate (CAGR) of 8.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +135.9% | +21.7% | +33.5% |
| 2022 | +9.5% | +3.3% | -10.4% |
| 2021 | +57.9% | +5.8% | +15.0% |
| 2020 | -6.9% | +20.3% | +8.5% |
| 2019 | -9.0% | -4.2% | +20.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Lapeer County Community Foundation with a Mission Score of 90 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: 85%
- fundraising: 5%
According to IRS 990 filings, Lapeer County Community Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $3.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.0%.
Executive Compensation Analysis
The Lapeer County Community Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is a highly positive financial practice, demonstrating a strong commitment to directing all available funds towards its charitable mission and operational expenses.
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 Lapeer County Community Foundation:
- Strong asset growth, increasing from $11,526,148 in 2019 to $17,191,136 in 2023.
- Consistent revenue growth, with revenue reaching $4,172,731 in 2023.
- 0% officer compensation reported across all filings, indicating high fiscal responsibility.
- Healthy financial position with current assets of $19,743,038.
- Consistent filing history of IRS 990 forms, demonstrating transparency and compliance.
Frequently Asked Questions about Lapeer County Community Foundation
Is Lapeer County Community Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Lapeer County Community Foundation (EIN: 201271563) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Lapeer County Community Foundation spend its money?
Lapeer County Community Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lapeer County Community Foundation tax-deductible?
Lapeer County Community Foundation is registered as a tax-exempt nonprofit (EIN: 201271563). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lapeer County Community Foundation's spending goes to programs?
Lapeer County Community Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lapeer County Community Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Lapeer County Community Foundation is above average for NTEE category T31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lapeer County Community Foundation located?
Lapeer County Community Foundation is headquartered in Lapeer, Michigan and files with the IRS under EIN 201271563. It is classified under NTEE code T31.
How many years of IRS 990 filings does Lapeer County Community Foundation have?
Lapeer County Community Foundation 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 $4.7M in total revenue.
Is Lapeer County Community Foundation a good charity?
Based on the provided financial data, Lapeer County Community Foundation appears to be a very good charity. It demonstrates strong financial health with significant asset growth, consistent revenue increases, and a notable commitment to transparency by reporting 0% officer compensation.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time. Assets grew from $11,526,148 in 2019 to $17,191,136 in 2023, and revenue increased from $1,098,548 in 2019 to $4,172,731 in 2023, indicating robust growth and stability.
What is the organization's approach to executive compensation?
The organization's approach to executive compensation is highly conservative, with 0% officer compensation reported across all available filings. This means no salaries are paid to officers, which is a strong indicator of fiscal responsibility and dedication to the mission.
Filing History
IRS 990 filing history for Lapeer County Community Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lapeer County Community Foundation's revenue has grown by 156.1%, moving from $1.6M to $4.2M. Total assets increased by 119.5% over the same period, from $7.8M to $17.2M. Total functional expenses rose by 87.9%, from $599K to $1.1M. In its most recent filing year (2023), Lapeer County Community Foundation reported a surplus of $3.0M, with revenue exceeding expenses. The organization holds $1.5M in liabilities against $17.2M in assets (debt-to-asset ratio: 9.0%), resulting in net assets of $15.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.2M | $1.1M | $17.2M | $1.5M | — | — |
| 2022 | $1.8M | $925K | $12.9M | $1.3M | — | View 990 |
| 2021 | $1.6M | $896K | $14.4M | $1.6M | — | View 990 |
| 2020 | $1.0M | $847K | $12.5M | $1.5M | — | View 990 |
| 2019 | $1.1M | $704K | $11.5M | $1.9M | — | View 990 |
| 2018 | $1.2M | $735K | $9.6M | $1.6M | — | View 990 |
| 2017 | $912K | $698K | $10.3M | $1.7M | — | View 990 |
| 2016 | $577K | $570K | $9.4M | $1.5M | — | View 990 |
| 2015 | $604K | $540K | $8.9M | $1.4M | — | View 990 |
| 2014 | $766K | $456K | $9.2M | $1.5M | — | View 990 |
| 2013 | $722K | $474K | $9.0M | $1.4M | — | View 990 |
| 2012 | $395K | $683K | $8.1M | $1.3M | — | View 990 |
| 2011 | $1.6M | $599K | $7.8M | $1.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.2M, expenses of $1.1M, and assets of $17.2M (revenue +135.9% year-over-year).
- 2022: Revenue of $1.8M, expenses of $925K, and assets of $12.9M (revenue +9.5% year-over-year).
- 2021: Revenue of $1.6M, expenses of $896K, and assets of $14.4M (revenue +57.9% year-over-year).
- 2020: Revenue of $1.0M, expenses of $847K, and assets of $12.5M (revenue -6.9% year-over-year).
- 2019: Revenue of $1.1M, expenses of $704K, and assets of $11.5M (revenue -9.0% year-over-year).
- 2018: Revenue of $1.2M, expenses of $735K, and assets of $9.6M (revenue +32.3% year-over-year).
- 2017: Revenue of $912K, expenses of $698K, and assets of $10.3M (revenue +58.1% year-over-year).
- 2016: Revenue of $577K, expenses of $570K, and assets of $9.4M (revenue -4.4% year-over-year).
- 2015: Revenue of $604K, expenses of $540K, and assets of $8.9M (revenue -21.2% year-over-year).
- 2014: Revenue of $766K, expenses of $456K, and assets of $9.2M (revenue +6.1% year-over-year).
- 2013: Revenue of $722K, expenses of $474K, and assets of $9.0M (revenue +82.8% year-over-year).
- 2012: Revenue of $395K, expenses of $683K, and assets of $8.1M (revenue -75.7% year-over-year).
- 2011: Revenue of $1.6M, expenses of $599K, and assets of $7.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lapeer County Community Foundation:
Data Sources and Methodology
This transparency report for Lapeer County Community Foundation 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.