Restore Badin Lake Inc
Nonprofit profile at a glance
- EIN
- 992218493
- IRS 990-EZ coverage
- 2025–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2024
- Location
- New London, NC, USA
- Phone
- 7046985948
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Water Resource, Wetlands Conservation and Management
Reported finances
- Revenue
- $142,965
- Expenses
- $55,382
- Assets
- $91,387
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- David Holton (President)
- Jen Caldwell (Vice President)
People named in this filing
- Dan Calhoun (BOD Chair)
- Ken Erdner (BOD Vice Chair)
- Mike Shaw (BOD 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-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The primary and only exempt purpose of Restore Badin Lake RBL is to Clean Restore and Preserve Badin Lake a 5300-acre freshwater lake created by the damming of the Yadkin River in the central Piedmont area of North Carolina During the past several years there has been an increased intrusion of Lyngbya or black algae not only in Badin Lake but in many other lakes in the southern United States Black algae adversely affects the quality of the water reduces recreational activities is foul smelling and impacts the ecosystem of plants and fish and destroys the natural beauty of freshwater lakes
What it reported doing in 2025
As noted above RBLS only has one program service presently The year 2025 was the first full year of operation for RBL RBL is in the Cleaning phase of a multi-year program to accomplish its stated mission as noted above During the year RBL conducted a successful fund-raising campaign and through an independent contractor performed four 4 governmental approved engineered chemical treatments to clean certain portions of Badin Lake RBL considers these treatments successful as the black algae has been reduced in the treated areas Six 6 additional treatments are planned during 2026 assuming adequate funding can be secured Succeeding years will continue the Cleaning phase and begin the Restore and Preserve phases During the year 2025 RBL incurred 5538171 in total expenses These expenses included 5225025 in payments to independent contractors 56153 in printing publication postage and shipping expenses and 256993 in other expenses The payments to independent contractors included 4309236 for the chemical treatments discussed above 623700 for the design and maintenance of RBLs internet website and 292089 for Liability and Directors and Officers insurance Other expenses included 206293 in bank service and other fees 25000 in certain licensing fees and 25700 in promotional expenses Of the total expenses of 5538171 4309236 or 778 were for direct program service and 1228935 or 222 for program support The number of persons benefited by the RBL program cannot be reasonably identified or estimated During the year 2025 RBL raised 14174000 in donations and earned 122481 in interest on excess funds After deducting total expenses of 5538171 as discussed above and adding funds on hand of 380404 on December 31 2024 RBL ended the year 2025 with total funds of 9138714 The ratio of program support expenses 1228935 to total revenue 14296481 was 86
Operating model
- Revenue model
- Donor-supported. 99% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% 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 - 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.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 100
- Sustainability: 83
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 39.3%; rating input score 39
- 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: Yes; rating input score 100
Sustainability
- Operating margin: 61.3%; rating input score 95; 95th percentile among comparable filings
- Total-asset coverage ratio: 1.65; rating input score 74; 74th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 74; 74th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 39.3% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $55K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 39/100.