Aquatennial Ambassador Organization

Is Aquatennial Ambassador Organization Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Aquatennial Ambassador Organization directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Aquatennial Ambassador Organization

Aquatennial Ambassador Organization (EIN: 10563191) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code O50. The organization reported total revenue of $180K and total assets of $47K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Aquatennial Ambassador Organization's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Aquatennial Ambassador Organization with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 15%
• programs: 80%
• fundraising: 5%

According to IRS 990 filings, Aquatennial Ambassador Organization allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is likely volunteer-based or compensated through non-officer channels, which is highly favorable for directing funds to its mission.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Aquatennial Ambassador Organization's IRS 990 filings:

• Expenses frequently exceed revenue, as seen in 202409 ($186,259 expenses vs. $169,898 revenue) and other periods, which could impact long-term sustainability.
• Modest asset base ($47,329) suggests limited financial reserves for unexpected events or future growth.

Strengths

The following positive indicators were identified for Aquatennial Ambassador Organization:

• Consistent 0% officer compensation across all filings, indicating a strong commitment to minimizing administrative overhead.
• Long filing history (13 filings) demonstrates consistent compliance and transparency.
• Generally stable revenue streams over the past decade, typically ranging from $110,000 to $210,000.

Frequently Asked Questions about Aquatennial Ambassador Organization

Filing History

IRS 990 filing history for Aquatennial Ambassador Organization showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2024), Aquatennial Ambassador Organization's revenue has grown by 147.2%, moving from $69K to $170K. Total assets increased by 55.2% over the same period, from $17K to $26K. Total functional expenses rose by 110.7%, from $88K to $186K. In its most recent filing year (2024), Aquatennial Ambassador Organization reported a deficit of $16K, with expenses exceeding revenue.

Year-by-Year Financial Summary

• 2024: Revenue of $170K, expenses of $186K, and assets of $26K (revenue +7.7% year-over-year).
• 2023: Revenue of $158K, expenses of $144K, and assets of $43K (revenue +39.3% year-over-year).
• 2022: Revenue of $113K, expenses of $136K, and assets of $29K (revenue -17.3% year-over-year).
• 2021: Revenue of $137K, expenses of $113K, and assets of $38K (revenue +354.1% year-over-year).
• 2020: Revenue of $30K, expenses of $24K, and assets of $25K (revenue -83.4% year-over-year).
• 2019: Revenue of $181K, expenses of $183K, and assets of $23K (revenue -14.2% year-over-year).
• 2018: Revenue of $211K, expenses of $207K, and assets of $31K (revenue +42.1% year-over-year).
• 2017: Revenue of $149K, expenses of $158K, and assets of $1 (revenue -6.2% year-over-year).
• 2016: Revenue of $158K, expenses of $155K, and assets of $8K (revenue +3.3% year-over-year).
• 2015: Revenue of $153K, expenses of $149K, and assets of $5K (revenue +4.4% year-over-year).
• 2014: Revenue of $147K, expenses of $138K, and assets of $2K (revenue +57.4% year-over-year).
• 2012: Revenue of $93K, expenses of $102K, and assets of $8K (revenue +35.8% year-over-year).
• 2011: Revenue of $69K, expenses of $88K, and assets of $17K.

Data Sources and Methodology

This transparency report for Aquatennial Ambassador Organization is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.