Friends of Belgrade Lakes Village

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

8 people listed

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Formed to provide amenities to main street renovation; later to create public parking for the village. Infrastructure gifted to the town of belgrade

No grants or services in 2025

Revenue model: Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model: Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
Pay-setting controls: Limited
Foreign activity oversight: Limited
Grant itemization coverage: Limited
Major donor itemization: Yes; rating input score 100
Related-party transparency: Limited

Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail

Operating margin: Limited
Total-asset coverage ratio: Limited
Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
Officer compensation ratio: Limited

Program expense growth: Limited
Revenue growth: -6.1% per year; rating input score 0; 8th percentile among comparable filings
Asset growth: 7.8% per year; rating input score 100; 56th percentile among comparable filings

Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 8 of 8 board members independent · 2 of 7 filing controls reported
Programs: 3 filed program accomplishments
Leadership: top reported pay $0 · 8 people listed
Consistency: 10 of 10 current checks pass
Schedules: 4 filed schedules · includes major donors
Filing history: 2 filing years from 2017 to 2025
Contacts: How to reach this organization
Money network: Resolved incoming and outgoing counterparties from filed money flows.
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Signals prioritize questions for review. They are not findings of misconduct.