Boat Foundation Inc
EIN: 421215669 · Pella, IA
| Metric | Value |
|---|---|
| Total Revenue | $10K |
| Total Expenses | $15K |
| Net Assets | $26K |
Is Boat Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Boat Foundation Inc
Boat Foundation Inc (EIN: 421215669) is a nonprofit organization based in Pella, IA. The organization reported total revenue of $10K and total assets of $13K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Boat Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Boat Foundation Inc is a micro nonprofit that has been operating for 42 years, with 10 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10K |
| Total Expenses | $15K |
| Surplus / Deficit | $-5,476 |
| Total Assets | $26K |
| Total Liabilities | $1 |
| Net Assets | $26K |
| Operating Margin | -54.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 20.4 months |
Financial Health Grade: B
In 2023, Boat Foundation Inc reported a deficit of $5K with expenses exceeding revenue, holds 20.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.0% | +9.7% | -17.2% |
| 2022 | -1.0% | +23.8% | -11.4% |
| 2021 | +0.8% | -83.7% | -3.5% |
| 2020 | -6.4% | +56.7% | -61.7% |
| 2019 | -69.4% | +74.3% | -32.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Boat Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Boat Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Boat Foundation Inc
Is Boat Foundation Inc a legitimate charity?
Boat Foundation Inc (EIN: 421215669) is a registered tax-exempt nonprofit based in Iowa. It has 10 years of IRS 990 filings on record. Total revenue: $10K. No red flags identified. Financial health grade: B.
How does Boat Foundation Inc spend its money?
Boat Foundation Inc reported $10K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Boat Foundation Inc tax-deductible?
Boat Foundation Inc is registered as a tax-exempt nonprofit (EIN: 421215669). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Boat Foundation Inc located?
Boat Foundation Inc is headquartered in Pella, Iowa and files with the IRS under EIN 421215669.
How many years of IRS 990 filings does Boat Foundation Inc have?
Boat Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $10K in total revenue.
Filing History
IRS 990 filing history for Boat Foundation Inc showing financial trends over 10 years of public records:
Total assets increased by 205.8% over the same period, from $9K to $26K. Total functional expenses rose by 43.2%, from $11K to $15K. In its most recent filing year (2023), Boat Foundation Inc reported a deficit of $5K, with expenses exceeding revenue. The organization holds $1 in liabilities against $26K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $26K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10K | $15K | $26K | $1 | — | — |
| 2022 | $10K | $14K | $32K | $1 | — | — |
| 2021 | $10K | $11K | $36K | $1 | — | — |
| 2020 | $10K | $70K | $37K | $1 | — | — |
| 2019 | $11K | $45K | $97K | $1 | — | View 990 |
| 2015 | $35K | $26K | $143K | $0 | — | View 990 |
| 2014 | $52K | $9K | $134K | $0 | — | View 990 |
| 2013 | $73K | $15K | $91K | $0 | — | View 990 |
| 2012 | $45K | $21K | $33K | $0 | — | View 990 |
| 2011 | $0 | $11K | $9K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10K, expenses of $15K, and assets of $26K (revenue +0.0% year-over-year).
- 2022: Revenue of $10K, expenses of $14K, and assets of $32K (revenue -1.0% year-over-year).
- 2021: Revenue of $10K, expenses of $11K, and assets of $36K (revenue +0.8% year-over-year).
- 2020: Revenue of $10K, expenses of $70K, and assets of $37K (revenue -6.4% year-over-year).
- 2019: Revenue of $11K, expenses of $45K, and assets of $97K (revenue -69.4% year-over-year).
- 2015: Revenue of $35K, expenses of $26K, and assets of $143K (revenue -32.5% year-over-year).
- 2014: Revenue of $52K, expenses of $9K, and assets of $134K (revenue -28.5% year-over-year).
- 2013: Revenue of $73K, expenses of $15K, and assets of $91K (revenue +60.1% year-over-year).
- 2012: Revenue of $45K, expenses of $21K, and assets of $33K.
- 2011: Revenue of $0, expenses of $11K, and assets of $9K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Boat Foundation Inc:
Data Sources and Methodology
This transparency report for Boat Foundation Inc 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.