Is Marine Science And Nauticaltraining Academy Legit?
Quick charity verification for Marine Science And Nauticaltraining Academy (EIN: 205500770)
Verdict: Marine Science And Nauticaltraining Academy appears trustworthy
75/100Mission Score
$1.5MRevenue
$2.1MAssets
4Red Flags
3Strengths
Red Flags
Highly inconsistent revenue generation over the past decade, with significant fluctuations.
Consistent operational deficits in recent years (2019-2022), where expenses exceeded revenue.
Significant increase in liabilities to $469,300 in 2022, a notable change from prior periods.
Negative revenue reported in 2014 and 2015, which is an unusual financial event for a nonprofit.
Strengths
Consistent reporting of 0% officer compensation, indicating a commitment to minimizing executive overhead.
Accumulated assets of $2,114,336, suggesting some financial reserves despite revenue volatility.
Long filing history (12 filings), indicating consistent compliance with IRS reporting requirements.
Spending Breakdown
How Marine Science And Nauticaltraining Academy allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Marine Science And Nauticaltraining Academy
Is Marine Science And Nauticaltraining Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Marine Science And Nauticaltraining Academy (EIN: 205500770) appears trustworthy. Mission Score: 75/100. 4 red flags identified, 3 strengths noted.
Is Marine Science And Nauticaltraining Academy a good charity to donate to?
Marine Science And Nauticaltraining Academy has a Mission Score of 75/100. Revenue: $1.5M. Assets: $2.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Marine Science And Nauticaltraining Academy?
The Employer Identification Number (EIN) for Marine Science And Nauticaltraining Academy is 205500770. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Marine Science And Nauticaltraining Academy spend its money?
Marine Science And Nauticaltraining Academy allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Marine Science And Nauticaltraining Academy's tax-exempt status?
You can verify Marine Science And Nauticaltraining Academy's tax-exempt status using EIN 205500770 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Marine Science And Nauticaltraining Academy exhibits inconsistent financial performance over the past decade. While the organization reported a substantial revenue of $1,819,464 in 2018, recent years show significantly lower figures, with 2022 revenue at $224,463 and expenses at $435,343, indicating a deficit. The organization's assets have grown to $2,114,336, but the 2022 filing shows liabilities of $469,300, which is a notable increase from previous years where liabilities were often minimal or zero. This suggests a potential reliance on debt or deferred obligations.
The spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. However, the consistent reporting of 0% officer compensation across all available filings suggests a commitment to minimizing overhead in this area, which is a positive indicator for donor confidence. The organization's ability to manage expenses relative to its fluctuating revenue is a key area for further scrutiny.
Transparency appears to be strong regarding executive compensation, with no reported officer compensation. However, the lack of detailed expense categorization in the provided data limits a full assessment of spending efficiency. The significant fluctuations in revenue and the recent increase in liabilities warrant closer examination to understand the underlying financial strategies and operational stability.