Global Seafood Assurances Inc
EIN: 825387827 · Portsmouth, NH · NTEE: S41
| Metric | Value |
|---|---|
| Total Revenue | $225K |
| Total Expenses | $732K |
| Net Assets | $-61,817 |
Is Global Seafood Assurances Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Global Seafood Assurances Inc
Global Seafood Assurances Inc (EIN: 825387827) is a nonprofit organization based in Portsmouth, NH, classified under NTEE code S41. The organization reported total revenue of $225K and total assets of $40K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Global Seafood Assurances Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Global Seafood Assurances Inc is a small nonprofit that has been operating for 7 years, with 3 years of IRS 990 filings on record (2018–2020).
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $225K |
| Total Expenses | $732K |
| Surplus / Deficit | $-506,552 |
| Total Assets | $40K |
| Total Liabilities | $102K |
| Net Assets | $-61,817 |
| Operating Margin | -224.7% |
| Debt-to-Asset Ratio | 254.8% |
| Months of Reserves | 0.7 months |
Financial Health Grade: D
In 2020, Global Seafood Assurances Inc reported a deficit of $507K with expenses exceeding revenue, holds 0.7 months of operating reserves (limited), has a debt-to-asset ratio of 254.8% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | +30.4% | -8.1% | +36192.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Global Seafood Assurances 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 Global Seafood Assurances 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $507K, with expenses exceeding revenue.
- Debt-to-asset ratio: 254.8%.
Frequently Asked Questions about Global Seafood Assurances Inc
Is Global Seafood Assurances Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Global Seafood Assurances Inc (EIN: 825387827) insufficient data. 0 red flags identified, 0 strengths noted.
How does Global Seafood Assurances Inc spend its money?
Detailed spending breakdown data is not yet available for Global Seafood Assurances Inc. Check back for updated IRS 990 analysis.
Are donations to Global Seafood Assurances Inc tax-deductible?
Global Seafood Assurances Inc is registered as a tax-exempt nonprofit (EIN: 825387827). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Global Seafood Assurances Inc located?
Global Seafood Assurances Inc is headquartered in Portsmouth, New Hampshire and files with the IRS under EIN 825387827. It is classified under NTEE code S41.
How many years of IRS 990 filings does Global Seafood Assurances Inc have?
Global Seafood Assurances Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $225K in total revenue.
Filing History
IRS 990 filing history for Global Seafood Assurances Inc showing financial trends over 3 years of public records:
Total assets increased by 3992100% over the same period, from $1 to $40K. Total functional expenses rose by 125.2%, from $325K to $732K. In its most recent filing year (2020), Global Seafood Assurances Inc reported a deficit of $507K, with expenses exceeding revenue. The organization holds $102K in liabilities against $40K in assets (debt-to-asset ratio: 254.8%), resulting in net assets of $-61,817.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $225K | $732K | $40K | $102K | — | View 990 |
| 2019 | $173K | $796K | $110 | $7K | — | View 990 |
| 2018 | $0 | $325K | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $225K, expenses of $732K, and assets of $40K (revenue +30.4% year-over-year).
- 2019: Revenue of $173K, expenses of $796K, and assets of $110.
- 2018: Revenue of $0, expenses of $325K, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Global Seafood Assurances Inc:
Data Sources and Methodology
This transparency report for Global Seafood Assurances 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.