Charles E Lakin Foundation Inc
Only null% goes to programs Strong reserves Growing revenue
Charles E Lakin Foundation Inc is a 501(c)(3) organization based in Council Blfs, Iowa, registered in 2007, with $18,538,112 in FY2023 revenue. CharityIndex grades it C+.
705 N 16th St, Council Blfs, IA, 51501 EIN 76-0751233 Since 2007
Revenue (FY2023)
$18.5M
▲ 25.9% vs prior year
Philanthropy median: $168K
Expenses (FY2023)
$17.0M
Net assets
$150.0M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
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 Charles E Lakin Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating106 mo reserves · +8% margin
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 Charles E Lakin Foundation Inc: 106 mo reserves · +8% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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 Charles E Lakin Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
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 Charles E Lakin Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 705 N 16th St, Council Blfs, IA, 51501
- City
- Council Blfs
- State
- Iowa
- Subcategory
- Private Foundations
- Phone
- …
Financial trends
Revenue grew from $0 (FY2013) to $18.5M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $2.0MNet assets $150.0M
Operating margin
8.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$152.0M
Total liabilities
$2.0M
Net assets
$150.0M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $18,538,112▲25.9% | $16,992,983▲34.2% | $150,019,820▲1.0% | $152,016,678▼17.3% | 990PF |
| 2022 | $14,726,348▼21.5% | $12,658,139▲43.5% | $148,474,691▲1.4% | $183,884,039▲25.6% | 990PF |
| 2021 | $18,758,116▲46.9% | $8,823,944▼28.4% | $146,406,482▲7.3% | $146,415,136▲5.7% | 990PF |
| 2020 | $12,767,312▲79.7% | $12,315,740▲5.0% | $136,462,796▲1.1% | $138,467,682▲2.6% | 990PF |
| 2019 | $7,104,775▼90.0% | $11,729,356▲149% | $135,003,294▼3.2% | $135,018,645▼3.2% | 990PF |
| 2018 | $70,850,482▲113% | $4,713,663▲32.1% | $139,407,005▲90.3% | $139,411,070▲90.3% | 990PF |
| 2017 | $33,244,198▼27.3% | $3,568,838▲69.4% | $73,270,186▲68.1% | $73,270,186▲68.0% | 990PF |
| 2016 | $45,702,103 | $2,107,277 | $43,594,826 | $43,604,070 | 990PF |
| 2015 | $0 | $0 | $0 | $0 | 990PF |
| 2014 | $0 | $0 | $0 | $0 | 990PF |
| 2013 | $0 | $0 | $0 | $0 | 990PF |
| 2012 | — | $0 | $0 | $0 | 990PF |
| 2011 | — | $0 | $0 | $0 | 990PF |
| 2010 | — | $0 | $0 | $0 | 990PF |
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.
Leadership & compensation (FY2023)
Highest-paid: John L Hoich — $403,035 (2.37% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| John L Hoich | Director/vice President | 40 | $403,035 |
| Stephen Wild | Director/president | 40 | $403,035 |
| Charles E Lakin III | Director/manager | 18 | $207,837 |
| Deborah L Johnson | Director/manager | 18 | $131,637 |
| Jennifer Green | Secretary | 8 | $116,548 |
| Robyn Ritsch | Director | 1 | $63,915 |
| Tina Garland | Treasurer | 8 | $57,307 |
| Cliff Roberts | Director As of March | 1 | $32,610 |
| Joanna L Cellone | Director Thru February | 1 | $31,305 |
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Frequently asked questions
- Is Charles E Lakin Foundation Inc a legitimate nonprofit?
- Yes. Charles E Lakin Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 76-0751233, based in Council Blfs, Iowa. Donations are tax-deductible.
- What is Charles E Lakin Foundation Inc's EIN?
- Charles E Lakin Foundation Inc's Employer Identification Number (EIN) is 76-0751233.
- How much revenue does Charles E Lakin Foundation Inc report?
- Charles E Lakin Foundation Inc reported $18,538,112 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Charles E Lakin Foundation Inc have?
- CharityIndex grades Charles E Lakin Foundation Inc C+, based on financial health (reserves and operating margin).
- How much does Charles E Lakin Foundation Inc's highest-paid employee make?
- The highest reported compensation on Charles E Lakin Foundation Inc's latest Form 990 is $403,035, paid to John L Hoich (Director/vice President).
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Data for Charles E Lakin Foundation Inc (EIN 76-0751233) 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.