Four Lakes Education
Four Lakes Education reported $47.6 million in revenue and $48.3 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $80.38 went to program services, $19.62 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 98.7% of the total. The highest compensation it reported for one person was $2,720 (MEMBER). Revenue rose 97% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $48MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $48MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 80.4% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 19.6% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.0% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 98.7% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $2,720 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.01% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 0 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 0.7 | 13.3 |
| Independent voting board members Part VI 1a–1b | 7 of 7 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseThe wisconsin virtual academy's purpose is to utilize research-based technology applications and meaningful teacher/student/parent involvement, to provide a new innovative model of public charter school education choice adapted to the needs of elementary, middle, and high school students, to promote mastery of the wisconsin model academic standards statewide in wisconsin
Destinations career academy of wisconsin's purpose is to provide an innovative online school that combines traditional academics with career technical education, giving students in grades 9-12 a head start on their college and career goals
Insight school of wisonsin high school is an at risk designated school in which its purpose is to provide education services to at risk students. The organization is largely funded through a charter school contract with the school district of mcfarland
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| MEMBER Director/trustee, 0.50 hrs/week | $2,720 | $0 | $0 | $2,720 |
| PRESIDENT Director/trustee, officer, 0.50 hrs/week | $2,720 | $0 | $0 | $2,720 |
| SECRETARY Director/trustee, officer, 0.50 hrs/week | $2,720 | $0 | $0 | $2,720 |
| TREASURER Director/trustee, officer, 0.50 hrs/week | $2,720 | $0 | $0 | $2,720 |
| VICE PRESIDENT Director/trustee, officer, 0.50 hrs/week | $2,720 | $0 | $0 | $2,720 |
| MEMBER Director/trustee, 0.50 hrs/week | $1,360 | $0 | $0 | $1,360 |
0 people received more than $100,000 in reportable compensation from Four Lakes Education (Part VII, line 2). Compensation of current officers, directors and key employees totaled $19,866 (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b7 · 7 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
Correct a figure or respond
Every number above is copied from Four Lakes Education's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Four Lakes Education, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Four Lakes Education spent in FY2025, $80.38 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of Four Lakes Education's spending goes to programs?
In the fiscal year ending June 30, 2025, Four Lakes Education reported that 80.4% of its $48.3 million in expenses went to program services, 19.6% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Four Lakes Education pay its top executive?
The largest total compensation Four Lakes Education reported for one person in the fiscal year ending June 30, 2025 was $2,720, for the role of MEMBER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Four Lakes Education get its money?
Of $47.6 million in revenue in the fiscal year ending June 30, 2025, 0.0% came from contributions and grants and 98.7% from program service revenue (Form 990, Part VIII).
Is Four Lakes Education a registered charity?
The IRS lists EIN 26-4055721 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202621139349301242 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202500419349301815 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202400449349300715 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202310319349300741 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241169349301214 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202110959349300031 · read the filing
All filings for EIN 26-4055721: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.