Lake Norman It Professionals
Nonprofit profile at a glance
- EIN
- 814598182
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024, Form 990-EZ 2023, Form 990-N 2021
- Location
- Cornelius, NC, USA
- Phone
- 7047378047
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Science and Technology N.E.C.
Reported finances
- Revenue
- $101,876
- Expenses
- $65,358
- Assets
- $146,517
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- JOSEPH MILLER (PRESIDENT)
- JIM PULLANO (PRESIDENT - LAKE NORMAN CHAPTER)
- GINGER CASTRO (PRESIDENT - CHARLOTTE CHAPTER)
People named in this filing
- JOSEPH MILLER (PRESIDENT)
- TY NIBLACK (TREASURER)
- DEBRA SHANNON (SECRETARY)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Purpose is to support local information technology community through learning, sharing, community outreach, leadership & professional growth. Includes providing donations to local community organizations.
What it reported doing in 2024
Our organization provided over $56,000 in grants to 5 greater charlotte area charities, schools, and universities. These grants were used to support the mission of each recipient of promoting stem (science, technology, engineering and mathematics) education, scholarships, and general enrichment in the local area.
Operating model
- Revenue model
- Other-operating. 96% of the money available for current operations came from other operating revenue.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 60
- Transparency & Controls: 100
- Accountability: 64
- Sustainability: 76
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 57.1%; rating input score 57
- Program expense ratio: 86.4%; rating input score 86
- Fundraising efficiency: Limited
Transparency & Controls
- 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: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 1 of 7 controls in place; rating input score 14
- Conflict-of-interest policy: Fail
- 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
Sustainability
- Operating margin: 35.8%; rating input score 86; 86th percentile among comparable filings
- Total-asset coverage ratio: 2.24; rating input score 62; 62nd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 8.5% per year; rating input score 100; 67th percentile among comparable filings
- Asset growth: 37.5% per year; rating input score 100; 94th percentile among comparable filings
Details
- Where the money goes: 57.1% of revenue deployed · 86.4% of spending went to programs
- Governance: 5 of 5 board members independent · 1 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $56K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 15 of 15 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: 5 filed related-organization links
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Review — Financial Efficiency: Mission deployment rate scored 57/100.
- High — Accountability: Governance controls: 5 of 6 not reported.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.