The Admiral At The Lake Foundation
The Admiral At The Lake Foundation maintains strong assets and balanced operations with no reported officer compensation.
EIN: 204057288 · Chicago, IL · NTEE: L80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $685K |
| Total Expenses | $316K |
| Program Spending | 85% |
| Net Assets | $13.0M |
| Transparency Score | 85/100 |
Is The Admiral At The Lake Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Admiral At The Lake Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Admiral At The Lake Foundation
The Admiral At The Lake Foundation (EIN: 204057288) is a nonprofit organization based in Chicago, IL, classified under NTEE code L80. The organization reported total revenue of $685K and total assets of $15.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Admiral At The Lake Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Admiral At The Lake Foundation 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 1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $322K |
| Total Expenses | $316K |
| Surplus / Deficit | +$6K |
| Total Assets | $13.0M |
| Net Assets | $13.0M |
| Operating Margin | 1.8% |
| Months of Reserves | 494.2 months |
Financial Health Grade: A
In 2023, The Admiral At The Lake Foundation reported a surplus of $6K with revenue exceeding expenses, holds 494.2 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), The Admiral At The Lake Foundation's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -32.0% | -32.7% | +7.2% |
| 2022 | +12.3% | +1.3% | -15.3% |
| 2021 | +10.1% | +18.6% | +5.5% |
| 2020 | +6.4% | +8.6% | +7.5% |
| 2019 | +15.8% | -3.9% | +10.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 The Admiral At The Lake Foundation 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, The Admiral At The Lake 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 $6K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership is either volunteer-based or compensated through a related entity, which is a positive indicator for donor confidence and resource allocation.
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 The Admiral At The Lake Foundation's IRS 990 filings:
- Significant expense outlier in 201712 ($3,162,341 expenses vs. $332,827 revenue) warrants further investigation.
- Lack of detailed functional expense breakdown in provided data makes precise spending efficiency assessment challenging.
Strengths
The following positive indicators were identified for The Admiral At The Lake Foundation:
- Consistent financial stability with expenses generally tracking revenue.
- Substantial asset base ($15,247,720 latest) provides long-term financial security.
- Zero reported officer compensation across all filings, indicating efficient use of funds for mission.
- Consistently low or zero liabilities, demonstrating strong balance sheet management.
Frequently Asked Questions about The Admiral At The Lake Foundation
Is The Admiral At The Lake Foundation a legitimate charity?
The Admiral At The Lake Foundation (EIN: 204057288) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $685K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does The Admiral At The Lake Foundation spend its money?
The Admiral At The Lake Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Admiral At The Lake Foundation tax-deductible?
The Admiral At The Lake Foundation is registered as a tax-exempt nonprofit (EIN: 204057288). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Admiral At The Lake Foundation's spending goes to programs?
The Admiral At The Lake Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Admiral At The Lake Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), The Admiral At The Lake Foundation is above average for NTEE category L80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Admiral At The Lake Foundation located?
The Admiral At The Lake Foundation is headquartered in Chicago, Illinois and files with the IRS under EIN 204057288. It is classified under NTEE code L80.
How many years of IRS 990 filings does The Admiral At The Lake Foundation have?
The Admiral At The Lake 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 $685K in total revenue.
What caused the significant expense spike in 201712?
In the 201712 period, the organization reported expenses of $3,162,341 against revenue of $332,827. This substantial discrepancy requires further investigation into the specific nature of these expenses, as it is a significant outlier compared to other years where expenses closely matched revenue.
How does the organization utilize its substantial assets?
With assets consistently over $11 million, reaching $15,247,720 in the latest period, understanding how these assets are invested and utilized to support the foundation's mission, beyond annual operational expenses, would provide greater insight into its long-term strategy.
Is officer compensation truly zero, or is it reported elsewhere?
The consistent reporting of 0% officer compensation is notable. It would be beneficial to confirm if this means all leadership is volunteer or if compensation is handled through a related organization, which would still be a form of compensation.
Filing History
IRS 990 filing history for The Admiral At The Lake Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Admiral At The Lake Foundation's revenue has grown by 23.2%, moving from $261K to $322K. Total assets decreased by 8.4% over the same period, from $14.2M to $13.0M. Total functional expenses rose by 20.9%, from $261K to $316K. In its most recent filing year (2023), The Admiral At The Lake Foundation reported a surplus of $6K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $322K | $316K | $13.0M | $0 | — | — |
| 2022 | $474K | $470K | $12.1M | $0 | — | — |
| 2021 | $422K | $464K | $14.3M | $0 | — | View 990 |
| 2020 | $383K | $391K | $13.6M | $0 | — | — |
| 2019 | $360K | $360K | $12.6M | $0 | — | View 990 |
| 2018 | $311K | $375K | $11.5M | $14K | — | View 990 |
| 2017 | $333K | $3.2M | $12.5M | $0 | — | — |
| 2016 | $344K | $344K | $14.5M | $0 | — | View 990 |
| 2015 | $355K | $355K | $14.4M | $0 | — | View 990 |
| 2014 | $368K | $367K | $14.9M | $0 | — | View 990 |
| 2013 | $473K | $473K | $15.0M | $0 | — | View 990 |
| 2012 | $354K | $356K | $14.7M | $0 | — | View 990 |
| 2011 | $261K | $261K | $14.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $322K, expenses of $316K, and assets of $13.0M (revenue -32.0% year-over-year).
- 2022: Revenue of $474K, expenses of $470K, and assets of $12.1M (revenue +12.3% year-over-year).
- 2021: Revenue of $422K, expenses of $464K, and assets of $14.3M (revenue +10.1% year-over-year).
- 2020: Revenue of $383K, expenses of $391K, and assets of $13.6M (revenue +6.4% year-over-year).
- 2019: Revenue of $360K, expenses of $360K, and assets of $12.6M (revenue +15.8% year-over-year).
- 2018: Revenue of $311K, expenses of $375K, and assets of $11.5M (revenue -6.5% year-over-year).
- 2017: Revenue of $333K, expenses of $3.2M, and assets of $12.5M (revenue -3.4% year-over-year).
- 2016: Revenue of $344K, expenses of $344K, and assets of $14.5M (revenue -3.0% year-over-year).
- 2015: Revenue of $355K, expenses of $355K, and assets of $14.4M (revenue -3.5% year-over-year).
- 2014: Revenue of $368K, expenses of $367K, and assets of $14.9M (revenue -22.2% year-over-year).
- 2013: Revenue of $473K, expenses of $473K, and assets of $15.0M (revenue +33.5% year-over-year).
- 2012: Revenue of $354K, expenses of $356K, and assets of $14.7M (revenue +35.5% year-over-year).
- 2011: Revenue of $261K, expenses of $261K, and assets of $14.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Admiral At The Lake Foundation:
Data Sources and Methodology
This transparency report for The Admiral At The Lake 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.