Lake-matthews Educational Fund Inc
501(c)(3)Philanthropy
Only null% goes to programs Strong reserves Growing revenue
Lake-matthews Educational Fund Inc is a 501(c)(3) organization based in Shenandoah, Iowa, registered in 1999, with $31,200 in FY2024 revenue. CharityIndex grades it C+.
Po Box 307, Shenandoah, IA, 51601 EIN 42-1491841 Since 1999
Revenue (FY2024)
$31K
▲ 138.1% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$15K
Net assets
$396K
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 Lake-matthews Educational Fund 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 rating319 mo reserves · +52% 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 Lake-matthews Educational Fund Inc: 319 mo reserves · +52% 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 Lake-matthews Educational Fund 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 Lake-matthews Educational Fund Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 307, Shenandoah, IA, 51601
- City
- Shenandoah
- State
- Iowa
- Subcategory
- Private Foundations
Financial trends
Revenue grew from $8,085 (FY2015) to $31K (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $396K
Operating margin
52.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$396K
Total liabilities
$0
Net assets
$396K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $31,200▲138% | $14,900▼13.4% | $396,294▲4.3% | $396,294▲4.3% | 990PF |
| 2023 | $13,101▲116% | $17,207▼0.5% | $379,994▼1.1% | $379,994▼1.1% | 990PF |
| 2022 | $6,063▲26.2% | $17,298▲17.5% | $384,100▼2.8% | $384,100▼2.8% | 990PF |
| 2021 | $4,803▼50.6% | $14,727▲4.7% | $395,345▼2.4% | $395,345▼2.4% | 990PF |
| 2020 | $9,723▲0.6% | $14,060▼45.7% | $405,269▼1.1% | $405,269▼1.1% | 990PF |
| 2019 | $9,662▲12.3% | $25,907▲25.2% | $409,606▼3.8% | $409,606▼3.8% | 990PF |
| 2018 | $8,600▲18.7% | $20,692▼14.5% | $425,851▼2.8% | $425,851▼2.8% | 990PF |
| 2017 | $7,243▼10.6% | $24,209▲19.5% | $437,940▼3.7% | $437,940▼3.7% | 990PF |
| 2016 | $8,103▲0.2% | $20,253▲48.2% | $454,906▼2.6% | $454,906▼2.6% | 990PF |
| 2015 | $8,085 | $13,667 | $467,056 | $467,056 | 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.
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Frequently asked questions
- Is Lake-matthews Educational Fund Inc a legitimate nonprofit?
- Yes. Lake-matthews Educational Fund Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 42-1491841, based in Shenandoah, Iowa.
- What is Lake-matthews Educational Fund Inc's EIN?
- Lake-matthews Educational Fund Inc's Employer Identification Number (EIN) is 42-1491841.
- How much revenue does Lake-matthews Educational Fund Inc report?
- Lake-matthews Educational Fund Inc reported $31,200 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Lake-matthews Educational Fund Inc have?
- CharityIndex grades Lake-matthews Educational Fund Inc C+, based on financial health (reserves and operating margin).
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Data for Lake-matthews Educational Fund Inc (EIN 42-1491841) 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.