Is Seafarers Harry Lundeberg School Of Seamanship Legit?
Quick charity verification for Seafarers Harry Lundeberg School Of Seamanship (EIN: 112099708)
Verdict: Seafarers Harry Lundeberg School Of Seamanship appears trustworthy
95/100Mission Score
$39.8MRevenue
$59.3MAssets
2Red Flags
4Strengths
Red Flags
Unusually low expense ratio relative to revenue, potentially indicating significant funds are not being actively deployed for programs or that expenses are reported differently than typical non-profits.
Consistent 0% officer compensation for an organization with substantial assets and revenue, which warrants further investigation to understand the full compensation structure.
Strengths
Exceptional financial stability with consistently high revenues and growing assets, reaching $60,013,701 in 202312.
Very low reported expenses relative to revenue, indicating strong financial management and efficiency.
No reported officer compensation, suggesting a high level of dedication or alternative compensation structures.
Consistent positive net income over many years, strengthening the organization's long-term viability.
Spending Breakdown
How Seafarers Harry Lundeberg School Of Seamanship allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
Admin Costs
Reasonable — admin costs in check
5%
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 Seafarers Harry Lundeberg School Of Seamanship
Is Seafarers Harry Lundeberg School Of Seamanship a legitimate charity?
Based on AI analysis of IRS 990 filings, Seafarers Harry Lundeberg School Of Seamanship (EIN: 112099708) appears trustworthy. Mission Score: 95/100. 2 red flags identified, 4 strengths noted.
Is Seafarers Harry Lundeberg School Of Seamanship a good charity to donate to?
Seafarers Harry Lundeberg School Of Seamanship has a Mission Score of 95/100. Revenue: $39.8M. Assets: $59.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Seafarers Harry Lundeberg School Of Seamanship?
The Employer Identification Number (EIN) for Seafarers Harry Lundeberg School Of Seamanship is 112099708. 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 Seafarers Harry Lundeberg School Of Seamanship spend its money?
Seafarers Harry Lundeberg School Of Seamanship allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Seafarers Harry Lundeberg School Of Seamanship's tax-exempt status?
You can verify Seafarers Harry Lundeberg School Of Seamanship's tax-exempt status using EIN 112099708 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
The Seafarers Harry Lundeberg School Of Seamanship demonstrates consistent financial stability with substantial assets and a strong revenue stream. Over the past several years, the organization has consistently reported revenues significantly exceeding expenses, leading to a healthy accumulation of assets, which stood at $60,013,701 in the latest filing (202312). This indicates a robust financial position capable of supporting its mission. The organization's spending efficiency appears very strong, with expenses consistently representing a small fraction of its revenue. For instance, in 202312, expenses were $5,702,490 against revenues of $22,692,622, suggesting a high proportion of funds are retained or invested rather than immediately spent. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency regarding executive pay, indicating that top leadership is not drawing salaries from the organization's funds, which is a positive indicator for donor confidence and mission focus.