Boothbay Harbor One Design Association

Boothbay Harbor One Design Association shows highly variable financial activity with no current assets or revenue.

EIN: 10543449 · Boothbay, ME · NTEE: N99 · Updated: 2026-03-28

$0Revenue

$0Assets

75/100Mission Score (Good)

N99

About Boothbay Harbor One Design Association

Boothbay Harbor One Design Association (EIN: 10543449) is a nonprofit organization based in Boothbay, ME, classified under NTEE code N99. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Boothbay Harbor One Design Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Boothbay Harbor One Design Association exhibits inconsistent financial activity over the past five years, with revenue fluctuating significantly from a high of $376,271 in 2017 to $0 in the latest period, and expenses showing similar volatility, including a substantial $424,173 in 2018. Despite these fluctuations, the organization consistently reports $0 in liabilities, indicating a healthy balance sheet without debt. Their assets have also varied, peaking at $384,892 in 2017 and currently standing at $0, which suggests a potential winding down or a period of inactivity. The consistent reporting of 0% officer compensation across all filings indicates a volunteer-driven leadership, which is a positive sign for donor confidence regarding executive pay.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Boothbay Harbor One Design Association 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: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Boothbay Harbor One Design Association allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all filings, indicating that the organization's leadership is entirely volunteer-based, which is excellent for minimizing overhead and maximizing funds for 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 Boothbay Harbor One Design Association's IRS 990 filings:

Current $0 revenue and assets, indicating potential inactivity or cessation of operations.
Highly inconsistent revenue and expense figures over the past five years, making financial planning and stability difficult to assess.
Significant deficit spending in 2018, with expenses ($424,173) far exceeding revenue ($76,668).

Strengths

The following positive indicators were identified for Boothbay Harbor One Design Association:

Consistent 0% officer compensation, indicating a volunteer-driven leadership and efficient use of funds.
No reported liabilities across all filings, suggesting a debt-free financial position.
Strong program focus, as implied by the lack of fundraising expenses and volunteer leadership.

Frequently Asked Questions about Boothbay Harbor One Design Association

Is Boothbay Harbor One Design Association a good charity?

The organization demonstrates strong program focus with 0% officer compensation, suggesting efficient use of funds. However, the current $0 revenue and assets, coupled with highly fluctuating historical financials, raise questions about its ongoing operational status and long-term stability.

Why are current assets and revenue $0?

The latest filing indicates $0 in both revenue and assets, which could mean the organization is currently inactive, has ceased operations, or is in a transitional phase. Further investigation beyond the provided data would be needed to confirm the exact reason.

What caused the large expense in 2018 ($424,173)?

The significant expense of $424,173 in 2018, compared to revenue of $76,668 in the same period, suggests a major project, asset purchase, or an unusual financial event. Without detailed expense breakdowns, the specific cause cannot be determined from the provided data.

Filing History

IRS 990 filing history for Boothbay Harbor One Design Association showing financial trends over 5 years of public records:

Over 5 years of IRS 990 filings (2017–2021), Boothbay Harbor One Design Association's revenue has declined by 93.8%, moving from $376K to $23K. Total assets decreased by 86.3% over the same period, from $385K to $53K. Total functional expenses rose by 38.3%, from $6K to $9K. In its most recent filing year (2021), Boothbay Harbor One Design Association reported a surplus of $15K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2021	$23K	$9K	$53K	$0	—	—
2020	$3K	$17K	$38K	$0	—	View 990
2019	$80K	$65K	$53K	$0	—	View 990
2018	$77K	$424K	$37K	$0	—	View 990
2017	$376K	$6K	$385K	$0	—	View 990

Year-by-Year Financial Summary

2021: Revenue of $23K, expenses of $9K, and assets of $53K (revenue +823.5% year-over-year).
2020: Revenue of $3K, expenses of $17K, and assets of $38K (revenue -96.9% year-over-year).
2019: Revenue of $80K, expenses of $65K, and assets of $53K (revenue +4.2% year-over-year).
2018: Revenue of $77K, expenses of $424K, and assets of $37K (revenue -79.6% year-over-year).
2017: Revenue of $376K, expenses of $6K, and assets of $385K.

Data Sources and Methodology

This transparency report for Boothbay Harbor One Design Association 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.