Lakeway Foundation Inc
Nonprofit profile at a glance
- EIN
- 621827022
- IRS 990-EZ coverage
- 2011–2022
- Forms available
- Form 990-EZ 2022
- Location
- Morristown, TN, USA
- Rating confidence
- Limited
- Sector
- Gift Distribution
Reported finances
- Expenses
- $5,921
- Assets
- $6,162
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- R JACK FISHMAN (PRESIDENT)
People named in this filing
- R JACK FISHMAN (PRESIDENT)
- ROBERT MICHAEL FISHMAN (DIRECTOR)
- JEFFREY DANIEL FISHMAN (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To receive public funds for those in need and to disburse funds to other exempt organizations. 15 schools and others. Assistance to children in need of clothing and other essentials. Over 200 served.
What it reported doing in 2022
Furnished approximately 15 public schools with needed supplies. Assistance to other nonprofit organizations.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: 38
- Transparency & Controls: 82
- Sustainability: 18
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: 1.04; rating input score 41; 41st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 51; 51st percentile among comparable filings
Growth
- Program expense growth: -14.7% per year; rating input score 0; 52nd percentile among comparable filings
- Revenue growth: -12.1% per year; rating input score 0; 54th percentile among comparable filings
- Asset growth: -16.5% per year; rating input score 0; 34th percentile among comparable filings
Details
- Where the money goes: 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $6K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 4 of 4 current checks pass
- Schedules: 2 filed schedules
- Filing history: 11 filing years from 2011 to 2022
- Contacts: How to reach this organization
- 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 — Sustainability: Total-asset coverage ratio scored 41/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 51/100.