Bore Tide Swim Club Inc
Bore Tide Swim Club Inc shows no current financial activity, historically operating on a small, volunteer-driven budget.
EIN: 10918184 · Anchorage, AK · NTEE: N60 · Updated: 2026-03-27
Is Bore Tide Swim Club Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bore Tide Swim Club Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bore Tide Swim Club Inc
Bore Tide Swim Club Inc (EIN: 10918184) is a nonprofit organization based in Anchorage, AK, classified under NTEE code N60. 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 Bore Tide Swim Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bore Tide Swim Club Inc is a micro nonprofit that has been operating for 17 years, with 4 years of IRS 990 filings on record (2010–2013). Revenue has grown at a compound annual rate of 15.5%.
Key Financial Metrics (2013)
From the most recent IRS 990 filing on record:
| Total Revenue | $42K |
| Total Expenses | $43K |
| Surplus / Deficit | $-1,354 |
| Total Assets | $4K |
| Net Assets | $4K |
| Operating Margin | -3.2% |
| Months of Reserves | 1.0 months |
Financial Health Grade: C
In 2013, Bore Tide Swim Club Inc reported a deficit of $1K with expenses exceeding revenue, holds 1.0 months of operating reserves (limited).
Financial Trends
Over 4 years of filings (2010–2013), Bore Tide Swim Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2013 | +11.3% | +26.5% | -27.5% |
| 2012 | +44.4% | +22.9% | +237.7% |
| 2011 | -4.2% | -5.5% | -54.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bore Tide Swim Club Inc with a Mission Score of 85 out of 100 (Excellent). 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, Bore Tide Swim Club Inc 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.
Key Financial Metrics (2013)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating a volunteer-led organization with no paid officers, which is appropriate for an organization of this size.
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 Bore Tide Swim Club Inc's IRS 990 filings:
- Latest filing shows $0 revenue and assets, potentially indicating inactivity.
Strengths
The following positive indicators were identified for Bore Tide Swim Club Inc:
- Consistent reporting of 0% officer compensation, indicating volunteer leadership.
- Historically low liabilities, suggesting sound financial management.
- Strong program focus due to minimal administrative and no fundraising costs.
Frequently Asked Questions about Bore Tide Swim Club Inc
Is Bore Tide Swim Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bore Tide Swim Club Inc (EIN: 10918184) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Bore Tide Swim Club Inc spend its money?
Bore Tide Swim Club Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bore Tide Swim Club Inc tax-deductible?
Bore Tide Swim Club Inc is registered as a tax-exempt nonprofit (EIN: 10918184). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Bore Tide Swim Club Inc still active given its latest $0 revenue and assets?
The latest filing showing $0 revenue and assets suggests the organization may be inactive or operating on a cash basis not reflected in the summary data. Further investigation into their current activities would be needed.
How does Bore Tide Swim Club Inc fund its operations without officer compensation?
The consistent reporting of 0% officer compensation indicates that the organization is likely run by volunteers, with funds primarily directed towards program expenses and administrative overhead.
What is the typical program spending ratio for Bore Tide Swim Club Inc?
Based on the historical data and the absence of officer compensation, it's highly probable that the vast majority of their expenses (estimated 90%) were directed towards program activities, with a small portion for administrative needs.
Filing History
IRS 990 filing history for Bore Tide Swim Club Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2010–2013), Bore Tide Swim Club Inc's revenue has grown by 53.9%, moving from $27K to $42K. Total assets increased by 11.9% over the same period, from $3K to $4K. Total functional expenses rose by 46.9%, from $29K to $43K. In its most recent filing year (2013), Bore Tide Swim Club Inc reported a deficit of $1K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2013 | $42K | $43K | $4K | $0 | — | View 990 |
| 2012 | $38K | $34K | $5K | $0 | — | View 990 |
| 2011 | $26K | $28K | $1K | $0 | — | View 990 |
| 2010 | $27K | $29K | $3K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2013: Revenue of $42K, expenses of $43K, and assets of $4K (revenue +11.3% year-over-year).
- 2012: Revenue of $38K, expenses of $34K, and assets of $5K (revenue +44.4% year-over-year).
- 2011: Revenue of $26K, expenses of $28K, and assets of $1K (revenue -4.2% year-over-year).
- 2010: Revenue of $27K, expenses of $29K, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bore Tide Swim Club Inc:
Data Sources and Methodology
This transparency report for Bore Tide Swim Club 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.