5 Lakes Institute Inc is a 501(c)(3) organization based in Milwaukee, Wisconsin, registered in 2008, with $410,500 in FY2023 revenue. CharityIndex grades it B.
Revenue (FY2023)
$411K
▲ 153.4% vs prior year
Science & Tech median: $288K
Expenses (FY2023)
$399K
Net assets
$112K
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for 5 Lakes Institute Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For 5 Lakes Institute Inc: 3 mo reserves · +3% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for 5 Lakes Institute Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For 5 Lakes Institute Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue declined from $482K (FY2019) to $411K (FY2023) across 5 reported years.
Financial snapshot
Operating margin
2.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$116K
Total liabilities
$4,207
Net assets
$112K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $410,500▲153% | $399,084▲225% | $112,206▲11.3% | $116,413▲15.5% | 990 |
| 2022 | $162,000▼8.0% | $122,895▼58.7% | $100,790▲63.4% | $100,790▲54.9% | 990 |
| 2021 | $176,000▼62.5% | $297,587▼30.2% | $61,685▼66.3% | $65,088▼70.4% | 990 |
| 2020 | $469,246▼2.6% | $426,388▼2.3% | $183,272▲30.5% | $219,872▲56.6% | 990 |
| 2019 | $481,930 | $436,318 | $140,414 | $140,414 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
1 grant to 5 Lakes Institute Inc totaling $100K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2017 | $100,000 |
Explore more
Data for 5 Lakes Institute Inc (EIN 26-0724304) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.