Great Bay Rowing Inc
Great Bay Rowing Inc. maintains stable finances with volunteer leadership and growing assets.
EIN: 20509611 · Durham, NH · NTEE: N71 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $255K |
| Total Expenses | $264K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $250,000. |
| Net Assets | $228K |
| Transparency Score | 92/100 |
Is Great Bay Rowing Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Great Bay Rowing Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Great Bay Rowing Inc
Great Bay Rowing Inc (EIN: 20509611) is a nonprofit organization based in Durham, NH, classified under NTEE code N71. The organization reported total revenue of $255K and total assets of $227K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Great Bay Rowing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Great Bay Rowing Inc is a small nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $258K |
| Total Expenses | $264K |
| Surplus / Deficit | $-6,465 |
| Total Assets | $265K |
| Total Liabilities | $37K |
| Net Assets | $228K |
| Operating Margin | -2.5% |
| Debt-to-Asset Ratio | 13.9% |
| Months of Reserves | 12.1 months |
Financial Health Grade: B
In 2023, Great Bay Rowing Inc reported a deficit of $6K with expenses exceeding revenue, holds 12.1 months of operating reserves (strong position), has a debt-to-asset ratio of 13.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Great Bay Rowing Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.9% | +19.5% | +5.2% |
| 2022 | +2.4% | +27.8% | +7.8% |
| 2021 | +54.6% | +28.5% | +38.7% |
| 2020 | -1.4% | -14.1% | +9.2% |
| 2019 | +5.0% | -10.3% | -3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Great Bay Rowing Inc with a Mission Score of 92 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Great Bay Rowing Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $6K, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's officers are likely volunteers, which is highly commendable for an organization of its size with revenues exceeding $250,000.
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.
Strengths
The following positive indicators were identified for Great Bay Rowing Inc:
- Consistent growth in assets, from $63,758 in 2014 to $265,218 in 2023.
- 0% officer compensation reported across all filings, indicating volunteer leadership and efficient use of funds.
- Consistent filing of IRS Form 990s, demonstrating transparency.
- Generally stable financial operations with revenues often exceeding expenses.
- Clear alignment between NTEE code (Amateur Sports Clubs) and organizational name/mission.
Frequently Asked Questions about Great Bay Rowing Inc
Is Great Bay Rowing Inc a legitimate charity?
Great Bay Rowing Inc (EIN: 20509611) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $255K. No red flags identified. 5 strengths noted. Financial health grade: B.
How does Great Bay Rowing Inc spend its money?
Great Bay Rowing Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Great Bay Rowing Inc tax-deductible?
Great Bay Rowing Inc is registered as a tax-exempt nonprofit (EIN: 20509611). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Great Bay Rowing Inc CEO make?
Great Bay Rowing Inc's highest-compensated officer earns $250,000. annually. The organization reported $255K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Great Bay Rowing Inc's spending goes to programs?
Great Bay Rowing Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Great Bay Rowing Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Great Bay Rowing Inc is above average for NTEE category N71 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Great Bay Rowing Inc located?
Great Bay Rowing Inc is headquartered in Durham, New Hampshire and files with the IRS under EIN 20509611. It is classified under NTEE code N71.
How many years of IRS 990 filings does Great Bay Rowing Inc have?
Great Bay Rowing Inc has 13 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 $255K in total revenue.
Is Great Bay Rowing Inc. a good charity?
Based on its financial data, Great Bay Rowing Inc. appears to be a well-managed and efficient organization. It consistently files its IRS 990s, shows growing assets, and reports 0% officer compensation, suggesting a strong commitment to its mission and efficient use of funds.
How has Great Bay Rowing Inc.'s financial health changed over time?
Great Bay Rowing Inc. has shown consistent growth in revenue and assets over the past decade. Revenue increased from $77,740 in 2014 to $257,567 in 2023, and assets grew from $63,758 to $265,218 in the same period, indicating strong financial health and expansion.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, suggesting a volunteer-led executive team. This is a significant strength, as it minimizes administrative costs and maximizes resources available for programs.
Filing History
IRS 990 filing history for Great Bay Rowing Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Great Bay Rowing Inc's revenue has grown by 393.2%, moving from $52K to $258K. Total assets increased by 998.1% over the same period, from $24K to $265K. Total functional expenses rose by 498.2%, from $44K to $264K. In its most recent filing year (2023), Great Bay Rowing Inc reported a deficit of $6K, with expenses exceeding revenue. The organization holds $37K in liabilities against $265K in assets (debt-to-asset ratio: 13.9%), resulting in net assets of $228K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $258K | $264K | $265K | $37K | — | — |
| 2022 | $255K | $221K | $252K | $18K | — | View 990 |
| 2021 | $249K | $173K | $234K | $34K | — | View 990 |
| 2020 | $161K | $134K | $169K | $45K | — | View 990 |
| 2019 | $163K | $157K | $154K | $57K | — | View 990 |
| 2018 | $156K | $174K | $159K | $69K | — | View 990 |
| 2017 | $174K | $157K | $189K | $80K | — | — |
| 2016 | $121K | $86K | $110K | $17K | — | View 990 |
| 2015 | $100K | $78K | $86K | $32K | — | View 990 |
| 2014 | $78K | $70K | $64K | $32K | — | View 990 |
| 2013 | $64K | $65K | $63K | $39K | — | View 990 |
| 2012 | $50K | $53K | $67K | $45K | — | View 990 |
| 2011 | $52K | $44K | $24K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $258K, expenses of $264K, and assets of $265K (revenue +0.9% year-over-year).
- 2022: Revenue of $255K, expenses of $221K, and assets of $252K (revenue +2.4% year-over-year).
- 2021: Revenue of $249K, expenses of $173K, and assets of $234K (revenue +54.6% year-over-year).
- 2020: Revenue of $161K, expenses of $134K, and assets of $169K (revenue -1.4% year-over-year).
- 2019: Revenue of $163K, expenses of $157K, and assets of $154K (revenue +5.0% year-over-year).
- 2018: Revenue of $156K, expenses of $174K, and assets of $159K (revenue -10.5% year-over-year).
- 2017: Revenue of $174K, expenses of $157K, and assets of $189K (revenue +44.2% year-over-year).
- 2016: Revenue of $121K, expenses of $86K, and assets of $110K (revenue +20.2% year-over-year).
- 2015: Revenue of $100K, expenses of $78K, and assets of $86K (revenue +29.1% year-over-year).
- 2014: Revenue of $78K, expenses of $70K, and assets of $64K (revenue +21.4% year-over-year).
- 2013: Revenue of $64K, expenses of $65K, and assets of $63K (revenue +26.9% year-over-year).
- 2012: Revenue of $50K, expenses of $53K, and assets of $67K (revenue -3.4% year-over-year).
- 2011: Revenue of $52K, expenses of $44K, and assets of $24K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Great Bay Rowing Inc:
Data Sources and Methodology
This transparency report for Great Bay Rowing 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.