Grand Marais Mardi Gras Association
EIN: 721078623 · Lydia, LA
| Metric | Value |
|---|---|
| Total Revenue | $66K |
| Net Assets | $19K |
Is Grand Marais Mardi Gras Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Grand Marais Mardi Gras Association
Grand Marais Mardi Gras Association (EIN: 721078623) is a nonprofit organization based in Lydia, LA. The organization reported total revenue of $66K and total assets of $22K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grand Marais Mardi Gras Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grand Marais Mardi Gras Association is a micro nonprofit that has been operating for 37 years, with 12 years of IRS 990 filings on record (2011–2022).
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $12K |
| Total Expenses | $0 |
| Surplus / Deficit | +$12K |
| Total Assets | $21K |
| Total Liabilities | $1K |
| Net Assets | $19K |
| Operating Margin | 100.0% |
| Debt-to-Asset Ratio | 6.9% |
Financial Health Grade: A
In 2022, Grand Marais Mardi Gras Association reported a surplus of $12K with revenue exceeding expenses, has a debt-to-asset ratio of 6.9% (very low leverage).
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1989 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Grand Marais Mardi Gras Association 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 Grand Marais Mardi Gras Association 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 (2022)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 6.9%.
Frequently Asked Questions about Grand Marais Mardi Gras Association
Is Grand Marais Mardi Gras Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Grand Marais Mardi Gras Association (EIN: 721078623) insufficient data. 0 red flags identified, 0 strengths noted.
How does Grand Marais Mardi Gras Association spend its money?
Detailed spending breakdown data is not yet available for Grand Marais Mardi Gras Association. Check back for updated IRS 990 analysis.
Are donations to Grand Marais Mardi Gras Association tax-deductible?
Grand Marais Mardi Gras Association is registered as a tax-exempt nonprofit (EIN: 721078623). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Grand Marais Mardi Gras Association located?
Grand Marais Mardi Gras Association is headquartered in Lydia, Louisiana and files with the IRS under EIN 721078623.
How many years of IRS 990 filings does Grand Marais Mardi Gras Association have?
Grand Marais Mardi Gras Association has 12 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 $66K in total revenue.
Filing History
IRS 990 filing history for Grand Marais Mardi Gras Association showing financial trends over 12 years of public records:
Total assets decreased by 82.4% over the same period, from $119K to $21K. Total functional expenses fell by 100%, from $850 to $0. The organization holds $1K in liabilities against $21K in assets (debt-to-asset ratio: 6.9%), resulting in net assets of $19K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $12K | $0 | $21K | $1K | — | View 990 |
| 2021 | $-3,205 | $0 | $8K | $47 | — | — |
| 2020 | $-4,699 | $0 | $11K | $200 | — | — |
| 2019 | $-22,254 | $0 | $16K | $386 | — | — |
| 2018 | $-19,181 | $0 | $38K | $322 | — | View 990 |
| 2017 | $-29 | $0 | $58K | $1K | — | View 990 |
| 2016 | $-28,706 | $0 | $57K | $361 | — | View 990 |
| 2015 | $-17,842 | $0 | $86K | $810 | — | View 990 |
| 2014 | $-18,535 | $820 | $104K | $746 | — | View 990 |
| 2013 | $-5,267 | $9K | $123K | $467 | — | View 990 |
| 2012 | $33K | $9K | $138K | $482 | — | View 990 |
| 2011 | $-4,904 | $850 | $119K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $12K, expenses of $0, and assets of $21K.
- 2021: Revenue of $-3,205, expenses of $0, and assets of $8K.
- 2020: Revenue of $-4,699, expenses of $0, and assets of $11K.
- 2019: Revenue of $-22,254, expenses of $0, and assets of $16K.
- 2018: Revenue of $-19,181, expenses of $0, and assets of $38K.
- 2017: Revenue of $-29, expenses of $0, and assets of $58K.
- 2016: Revenue of $-28,706, expenses of $0, and assets of $57K.
- 2015: Revenue of $-17,842, expenses of $0, and assets of $86K.
- 2014: Revenue of $-18,535, expenses of $820, and assets of $104K.
- 2013: Revenue of $-5,267, expenses of $9K, and assets of $123K (revenue -115.9% year-over-year).
- 2012: Revenue of $33K, expenses of $9K, and assets of $138K.
- 2011: Revenue of $-4,904, expenses of $850, and assets of $119K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grand Marais Mardi Gras Association:
Data Sources and Methodology
This transparency report for Grand Marais Mardi Gras 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.