Civic Intelligence

The Lakes Charitable Foundation

EIN 27-1424586 • Wilmington, DE

Foundation Source 501 Silverside RdWilmington, DE 19809-1377
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

<$500k nonprofits • Source year 2022

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

<$500k nonprofits • Source year 2022

Net Margin

7th percentile

-235%

Higher net margin than 7% of similar nonprofits.

<$500k nonprofits • Source year 2022

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

<$500k nonprofits • Source year 2022

Asset Growth

27th percentile

-23%

Faster asset growth than 27% of similar nonprofits.

<$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

25th percentile

-30%

Faster revenue growth than 25% of similar nonprofits.

<$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets61st percentile

Assets

Down

$255,474

Down $76,414 (-23%) from 2021

Liabilities

Flat

$0

Flat from 2021

Net Assets

Down

$255,474

Down $76,414 (-23%) from 2021

Operations
Liabilities / Revenue62nd percentileNet Margin7th percentile

Revenue

Down

$32,509

Down $14,254 (-30%) from 2021

Expenses

Up

$108,923

Up $15,350 (+16%) from 2021

Net Income

Down

-$76,414

Down $29,604 (-63%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth27th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2011: $476,240Liabilities 2011: $0Net Assets 2011: $476,2402011Assets 2012: $338,985Liabilities 2012: $0Net Assets 2012: $338,9852012Assets 2013: $323,848Liabilities 2013: $0Net Assets 2013: $323,8482013Assets 2014: $265,812Liabilities 2014: $0Net Assets 2014: $265,8122014Assets 2015: $379,484Liabilities 2015: $0Net Assets 2015: $379,4842015Assets 2016: $443,537Liabilities 2016: $0Net Assets 2016: $443,5372016Assets 2017: $441,369Liabilities 2017: $0Net Assets 2017: $441,3692017Assets 2018: $435,848Liabilities 2018: $0Net Assets 2018: $435,8482018Assets 2021: $331,888Liabilities 2021: $0Net Assets 2021: $331,8882021Assets 2022: $255,474Liabilities 2022: $0Net Assets 2022: $255,4742022

Highlighted filing

2022

Assets$255,474
Liabilities$0
Net Assets$255,474
Open 2022 Filing

Operations Trend

Revenue Growth25th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KExpenses 2011: $78,2322011Expenses 2012: $253,0042012Revenue 2013: $58,939Expenses 2013: $74,076Net Income 2013: -$15,1372013Revenue 2014: $64,176Expenses 2014: $122,212Net Income 2014: -$58,0362014Revenue 2015: $232,005Expenses 2015: $118,333Net Income 2015: $113,6722015Revenue 2016: $180,631Expenses 2016: $116,578Net Income 2016: $64,0532016Revenue 2017: $52,601Expenses 2017: $54,769Net Income 2017: -$2,1682017Revenue 2018: $90,859Expenses 2018: $96,380Net Income 2018: -$5,5212018Revenue 2021: $46,763Expenses 2021: $93,573Net Income 2021: -$46,8102021Revenue 2022: $32,509Expenses 2022: $108,923Net Income 2022: -$76,4142022

Highlighted filing

2022

Revenue$32,509
Expenses$108,923
Net Income-$76,414
Open 2022 Filing

Filings

Most recent year

2022 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$255,474
Liabilities
$0
Net assets
$255,474
Revenue
$32,509
Expenses
$108,923
Net income
-$76,414
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$2.55$0.00$2.55$0.33$1.09$0.76
2021Detailed filing. Detailed filing data is available for this year.$3.32$0.00$3.32$0.47$0.94$0.47
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.36$0.00$4.36$0.91$0.96$0.06
2017Detailed filing. Detailed filing data is available for this year.$4.41$0.00$4.41$0.53$0.55$0.02
2016Detailed filing. Detailed filing data is available for this year.$4.44$0.00$4.44$1.81$1.17$0.64
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.79$0.00$3.79$2.32$1.18$1.14
2014Detailed filing. Detailed filing data is available for this year.$2.66$0.00$2.66$0.64$1.22$0.58
2013Detailed filing. Detailed filing data is available for this year.$3.24$0.00$3.24$0.59$0.74$0.15
2012Detailed filing. Detailed filing data is available for this year.$3.39$0.00$3.39$2.53
2011Detailed filing. Detailed filing data is available for this year.$4.76$0.00$4.76$0.78
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 13, 2023
Return Version
2022v5.0
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kevin CarnahanCo-Pres, Dir, SecPT$0--
Laurie CarnahanCo- Pres, DirectorPT$0--
Filing and Contact Details

Filer

Filer Name
The Lakes Charitable Foundation
EIN
27-1424586
In Care Of
% Foundation Source
Phone
8008391754
Address
Foundation Source 501 Silverside Rd, Wilmington, DE 19809-1377

Signing Officer

Name
Kevin Carnahan
Title
Co-President
Phone
8008391754
Signed
2023-11-13
Discuss with paid preparer
Yes

Preparer

Firm
Foundation Source
Address
3333 New Hyde Park Rd Ste 406, New Hyde Park, NY 11042
Preparer
Jeffrey D Haskell
Phone
8008391754
Raw XML Appendix313 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm0Kevin Carnahan
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm1Laurie Carnahan
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt1Co- Pres, Dir
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd1CA
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd2DC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd3IA
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd020814
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd194121
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd220002
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd351593
IRS990PF/SupplementaryInformationGrp/OnlyContriToPreselectedInd0X
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriPdDurYrAmt098000
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/LoansOrLoanGuaranteesInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd0false
IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt011331
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt011331
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr2Amt053947
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr3Amt060661
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr4Amt031830
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr5Amt050180
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovFromYr5Amt050180
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt0242936
IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt096498
IRS990PF/UndistributedIncomeGrp/ExcessFromYear2Amt053947
IRS990PF/UndistributedIncomeGrp/ExcessFromYear3Amt060661
IRS990PF/UndistributedIncomeGrp/ExcessFromYear4Amt031830
IRS990PF/UndistributedIncomeGrp/PriorYear1Yr02020
IRS990PF/UndistributedIncomeGrp/PriorYear2Yr02019
IRS990PF/UndistributedIncomeGrp/PriorYear3Yr02018
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt0107829
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt096498
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt0293116
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt0196618
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorNum01
IRS990ScheduleB/ContributorInformationGrp/ContributorPersonNm0Carnahan Family Trust
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1Txt0c/o Kevin Carnahan 541 Oak Ave
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/CityNm0San Anselmo
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/StateAbbreviationCd0CA
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCd094960
IRS990ScheduleB/ContributorInformationGrp/PersonContributionInd0X
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt036000
IRS990ScheduleB/GeneralRuleInd0X
IRS990ScheduleB/Organization501c3ExemptPFInd0X
LiquidationExplanationStmt/ExplanationTxt0As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2022, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $98,000. This amount represents 25% or more of the Foundation's net assets of $352,799 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2022. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein.
OtherAssetsSchedule/OtherAssetsScheduleGrp/Desc0SOJOURNERS - PRI
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYBookValueAmt0100000
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYFMVAmt0100000
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0Administrative Fees
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1State or Local Filing Fees
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt09804
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt125
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt09804
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt125
OtherNotesLoansRcvblLongSch/OtherNotesLoansRcvblLongGrp/BalanceDueAmt025000
OtherNotesLoansRcvblLongSch/OtherNotesLoansRcvblLongGrp/BorrowerNameGrp/BusinessName/BusinessNameLine1Txt0LEGWORKS INC
OtherNotesLoansRcvblLongSch/OtherNotesLoansRcvblLongGrp/InterestRt07.
OtherNotesLoansRcvblLongSch/OtherNotesLoansRcvblLongGrp/LenderConsiderationDesc0N/A 0
OtherNotesLoansRcvblLongSch/OtherNotesLoansRcvblLongGrp/LoanMaturityDt02023-08
OtherNotesLoansRcvblLongSch/OtherNotesLoansRcvblLongGrp/LoanOriginalAmt025000
OtherNotesLoansRcvblLongSch/OtherNotesLoansRcvblLongGrp/LoanPurposeTxt0INVESTMENT
OtherNotesLoansRcvblLongSch/OtherNotesLoansRcvblLongGrp/NoteDt02016-08
OtherNotesLoansRcvblLongSch/OtherNotesLoansRcvblLongGrp/RepaymentTermsTxt0PRINCIPAL, INTEREST DUE AT MATURITY
OtherNotesLoansRcvblLongSch/OtherNotesLoansRcvblLongGrp/SecurityProvidedBorrowerTxt0NONE
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt01094
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt0Investment Management Services
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt01094
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Kevin Carnahan
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Co-President
ReturnHeader/BusinessOfficerGrp/PhoneNum08008391754
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Lakes Charitable Foundation
ReturnHeader/Filer/BusinessNameControlTxt0LAKE
ReturnHeader/Filer/EIN0271424586
ReturnHeader/Filer/InCareOfNm0% Foundation Source
ReturnHeader/Filer/PhoneNum08008391754
ReturnHeader/Filer/USAddress/AddressLine1Txt0Foundation Source 501 Silverside Rd
ReturnHeader/Filer/USAddress/CityNm0Wilmington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DE
ReturnHeader/Filer/USAddress/ZIPCd0198091377
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Foundation Source
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03333 New Hyde Park Rd Ste 406
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0New Hyde Park
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011042
ReturnHeader/PreparerPersonGrp/PhoneNum08008391754
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jeffrey D Haskell
ReturnHeader/ReturnTs02023-11-14T20:47:29-06:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Kevin
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Carnahan
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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