Lake Area Educational Broadcasting Foundation
Nonprofit profile at a glance
- EIN
- 431358481
- IRS 990 coverage
- 2020–2025
- Forms available
- Form 990 2025
- Location
- Camdenton, MO, USA
- Phone
- 5734801439
- Rating
- 67
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $101,472
- Expenses
- $157,118
- Assets
- $2,435,103
- Liabilities
- $6,057
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- JAMES MCDERMOTT (President)
Highest reported compensation
- JAMES MCDERMOTT (President): $37,800 total reported compensation
- ALICE MCDERMOTT (SecretaryTreasurer): $13,800 total reported compensation
- LARRY OLLISON (VicePresident): $12,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Operate network of non-commercial Internet streaming stations. Connecting listeners to charitable causes and building community. Providing grants and assistance to non-profit media ministries.
What it reported doing in 2025
Providing consultation, programming, and grants to other non-profit organizations and media ministries to help them use electronic media in the most effective means to promote their own non-profit purpose.
Operating model
- Revenue model
- Investment-supported. 69% of the money available for current operations came from recurring investment income.
- Distribution model
- Direct operator. The filing allocates 81% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 83
- Accountability: 52
- Sustainability: 35
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 92.2%; rating input score 92
- Program expense ratio: 55.8%; rating input score 56
- Fundraising efficiency: $11.84 raised per $1 spent on fundraising; rating input score 42; 42nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 20th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 33.3%; rating input score 33; 18th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -54.8%; rating input score 4; 4th percentile among comparable filings
- Total-asset coverage ratio: 15.5; rating input score 93; 93rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 47; 47th percentile among comparable filings
- Officer compensation ratio: 40.5%; rating input score 6; 6th percentile among comparable filings
Growth
- Program expense growth: -26.9% per year; rating input score 0; 5th percentile among comparable filings
- Revenue growth: -42.7% per year; rating input score 0; 1st percentile among comparable filings
- Asset growth: -5.3% per year; rating input score 0; 9th percentile among comparable filings
Details
- Where the money goes: 92.2% of revenue deployed · 55.8% of spending went to programs
- Governance: 1 of 3 board members independent · 7 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $88K in reported program spending
- Leadership: top reported pay $38K · 3 people listed
- Consistency: 25 of 25 current checks pass
- Schedules: 3 filed schedules
- Filing history: 6 filing years from 2020 to 2025
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Independent voting board scored 33/100.
- Review — Financial Efficiency: Program expense ratio scored 56/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 42/100.
- High — Sustainability: Operating margin scored 4/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 6/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 47/100.