Lake Geauga Educational Assistance Foundation is a 501(c)(3) organization based in Kirtland, Ohio, registered in 1990, with $518,374 in FY2023 revenue. CharityIndex grades it B.
Revenue (FY2023)
$518K
▲ 8.0% vs prior year
Education median: $200K
Expenses (FY2023)
$470K
Net assets
$352K
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 Lake Geauga Educational Assistance Foundation— 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 Lake Geauga Educational Assistance Foundation: 9 mo reserves · +9% 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 Lake Geauga Educational Assistance Foundation— 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 Lake Geauga Educational Assistance Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $419K (FY2017) to $518K (FY2023) across 7 reported years.
Financial snapshot
Operating margin
9.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$352K
Total liabilities
$0
Net assets
$352K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $518,374▲8.0% | $469,659▲8.6% | $352,227▲12.2% | $352,227▼3.6% | 990 |
| 2022 | $480,156▼18.2% | $432,278▼10.3% | $313,910▲18.0% | $365,512▲21.4% | 990 |
| 2021 | $586,976▲33.2% | $481,719▲15.6% | $266,032▲65.3% | $301,055▲48.0% | 990 |
| 2020 | $440,578▲8.1% | $416,810▲0.2% | $160,974▲35.1% | $203,478▲9.3% | 990 |
| 2019 | $407,443▲58.8% | $415,807▲15.2% | $119,153▼6.8% | $186,131▲29.9% | 990 |
| 2018 | $256,646▼38.8% | $360,934▼4.9% | $127,816▼44.5% | $143,246▼42.5% | 990 |
| 2017 | $419,188 | $379,668 | $230,273 | $249,332 | 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.
11 grants to Lake Geauga Educational Assistance Foundation totaling $1.3M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Cleveland Foundation | Legacy scholarships | 2024 | $146,523 |
| Educational Credit Management Corporation | Fafsa student support | 2024 | $10,500 |
| Cleveland Foundation | Scholarships and support for accessing post-secondary opportunities | 2023 | $144,975 |
| Cleveland Foundation | To support post-secondary scholarships and programming to prevent "summer melt." | 2022 | $205,235 |
| Cleveland Foundation | General support | 2021 | $81,462 |
| Cleveland Foundation | Award annual scholarships to assist students who a) reside in geauga county, ohio, b) who have attended geauga county schools, and c) who are in need of financial aid with their high school or post high school music education. | 2020 | $119,563 |
| Cleveland Foundation | Award annual scholarships to assist students who a) reside in geauga county, ohio, b) who have attended geauga county schools, and c) who are in need of financial aid with their high school or post high school music education. | 2019 | $115,784 |
| Cleveland Foundation | General support | 2018 | $142,069 |
| Cleveland Foundation | Scholarships and college/career advising for lake and geauga county students | 2016 | $95,200 |
| Cleveland Foundation | Storrs scholarship and career advising support | 2015 | $95,200 |
| Cleveland Foundation | Harriet b. storrs scholarships for high school students - 194289 | 2014 | $95,200 |
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Data for Lake Geauga Educational Assistance Foundation (EIN 34-1640416) 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.