Is South Norwalk Boat Club Educationalfoundation Inc Legit?
Quick charity verification for South Norwalk Boat Club Educationalfoundation Inc (EIN: 204190295)
Verdict: South Norwalk Boat Club Educationalfoundation Inc appears trustworthy
85/100Mission Score
$92KRevenue
$496KAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
No reported officer compensation, indicating strong donor value.
Consistent positive net assets and asset growth from $239,427 to $495,990.
Zero reported liabilities in the 2013 and 2014 filings, indicating sound financial management.
Expenses closely track revenue in historical filings, suggesting efficient operations.
Spending Breakdown
How South Norwalk Boat Club Educationalfoundation Inc 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 South Norwalk Boat Club Educationalfoundation Inc
Is South Norwalk Boat Club Educationalfoundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, South Norwalk Boat Club Educationalfoundation Inc (EIN: 204190295) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
Is South Norwalk Boat Club Educationalfoundation Inc a good charity to donate to?
South Norwalk Boat Club Educationalfoundation Inc has a Mission Score of 85/100. Revenue: $92K. Assets: $496K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for South Norwalk Boat Club Educationalfoundation Inc?
The Employer Identification Number (EIN) for South Norwalk Boat Club Educationalfoundation Inc is 204190295. 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 South Norwalk Boat Club Educationalfoundation Inc spend its money?
South Norwalk Boat Club Educationalfoundation Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify South Norwalk Boat Club Educationalfoundation Inc's tax-exempt status?
You can verify South Norwalk Boat Club Educationalfoundation Inc's tax-exempt status using EIN 204190295 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 South Norwalk Boat Club Educationalfoundation Inc demonstrates consistent financial stability with a healthy asset base relative to its revenue. Over the two reported periods (2013 and 2014), the organization maintained positive net assets, growing from $239,427 to $239,938. While the latest revenue of $91,784 is significantly higher than the reported periods, the historical data shows expenses closely tracking revenue, indicating a lean operational model. The absence of reported liabilities in both periods suggests strong financial management and a low-risk profile. The organization's transparency is commendable, with 0% officer compensation reported, which is a positive indicator for donor confidence and mission focus.