Great Lakes Boat Building School
Great Lakes Boat Building School shows strong revenue growth and consistent surpluses in recent years, with no reported officer compensation.
EIN: 134311296 · Cedarville, MI · NTEE: B30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $1.4M |
| Program Spending | 80% |
| Net Assets | $1.3M |
| Transparency Score | 85/100 |
Is Great Lakes Boat Building School Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Great Lakes Boat Building School directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Great Lakes Boat Building School
Great Lakes Boat Building School (EIN: 134311296) is a nonprofit organization based in Cedarville, MI, classified under NTEE code B30. The organization reported total revenue of $1.8M and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Great Lakes Boat Building School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Great Lakes Boat Building School is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.4M |
| Surplus / Deficit | +$366K |
| Total Assets | $2.5M |
| Total Liabilities | $1.2M |
| Net Assets | $1.3M |
| Operating Margin | 20.9% |
| Debt-to-Asset Ratio | 47.0% |
| Months of Reserves | 21.3 months |
Financial Health Grade: A
In 2023, Great Lakes Boat Building School reported a surplus of $366K with revenue exceeding expenses, holds 21.3 months of operating reserves (strong position), has a debt-to-asset ratio of 47.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Great Lakes Boat Building School's revenue has grown at a compound annual growth rate (CAGR) of 11.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +182.9% | +121.5% | +24.8% |
| 2022 | -52.6% | -39.5% | +0.5% |
| 2021 | +22.8% | +28.4% | +12.7% |
| 2020 | +120.9% | -3.1% | +28.8% |
| 2019 | -20.1% | +0.2% | -10.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Lakes Boat Building School 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Great Lakes Boat Building School allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 surplus of $366K, with revenue exceeding expenses.
- Debt-to-asset ratio: 47.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This is a highly positive sign, suggesting a strong commitment to directing all financial resources towards the organization's mission rather than executive salaries, especially given its growing revenue and assets.
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 Lakes Boat Building School:
- Strong revenue growth, particularly from $480,285 in 201912 to $1,745,916 in 202306.
- Consistent financial surpluses in recent years, such as $365,587 in 202306.
- 0% officer compensation reported across all 13 filings, indicating high efficiency and mission focus.
- Consistent growth in assets, reaching $2,453,188 in 202306, enhancing long-term stability.
- Positive net assets (Assets minus Liabilities) showing consistent improvement, from $388,937 in 201912 to $1,300,642 in 202306.
Frequently Asked Questions about Great Lakes Boat Building School
Is Great Lakes Boat Building School a legitimate charity?
Based on AI analysis of IRS 990 filings, Great Lakes Boat Building School (EIN: 134311296) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Great Lakes Boat Building School spend its money?
Great Lakes Boat Building School directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Great Lakes Boat Building School tax-deductible?
Great Lakes Boat Building School is registered as a tax-exempt nonprofit (EIN: 134311296). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Great Lakes Boat Building School's spending goes to programs?
Great Lakes Boat Building School directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Great Lakes Boat Building School compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Great Lakes Boat Building School is above average for NTEE category B30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Great Lakes Boat Building School located?
Great Lakes Boat Building School is headquartered in Cedarville, Michigan and files with the IRS under EIN 134311296. It is classified under NTEE code B30.
How many years of IRS 990 filings does Great Lakes Boat Building School have?
Great Lakes Boat Building School 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 $1.8M in total revenue.
Is Great Lakes Boat Building School financially stable?
Yes, the organization appears financially stable. In the 202306 period, revenue ($1,745,916) significantly exceeded expenses ($1,380,329), resulting in a substantial surplus. Assets have also grown consistently, reaching $2,453,188 in 202306.
How has the organization's revenue changed over time?
Revenue has shown significant growth, particularly in recent years. It increased from $480,285 in 201912 to $1,745,916 in 202306, demonstrating a strong upward trend after some fluctuations in earlier periods.
Does Great Lakes Boat Building School pay its officers?
No, the IRS 990 filings consistently report 0% officer compensation across all 13 available periods, indicating that no officers receive salaries from the organization.
What is the trend in the organization's assets?
The organization's assets have shown a consistent upward trend, growing from $1,347,756 in 201912 to $2,453,188 in 202306, indicating increasing financial strength and capacity.
Filing History
IRS 990 filing history for Great Lakes Boat Building School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Great Lakes Boat Building School's revenue has grown by 263.8%, moving from $480K to $1.7M. Total assets increased by 35.8% over the same period, from $1.8M to $2.5M. Total functional expenses rose by 271.4%, from $372K to $1.4M. In its most recent filing year (2023), Great Lakes Boat Building School reported a surplus of $366K, with revenue exceeding expenses. The organization holds $1.2M in liabilities against $2.5M in assets (debt-to-asset ratio: 47.0%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.4M | $2.5M | $1.2M | — | View 990 |
| 2022 | $617K | $623K | $2.0M | $1.0M | — | View 990 |
| 2021 | $1.3M | $1.0M | $2.0M | $1.0M | — | View 990 |
| 2020 | $1.1M | $803K | $1.7M | $1.1M | — | — |
| 2019 | $480K | $829K | $1.3M | $959K | — | View 990 |
| 2018 | $601K | $827K | $1.5M | $768K | — | View 990 |
| 2017 | $626K | $824K | $1.5M | $541K | — | View 990 |
| 2016 | $752K | $758K | $1.7M | $574K | — | View 990 |
| 2015 | $860K | $694K | $1.8M | $587K | — | View 990 |
| 2014 | $687K | $672K | $1.7M | $694K | — | View 990 |
| 2013 | $529K | $629K | $1.7M | $754K | — | View 990 |
| 2012 | $660K | $567K | $1.9M | $782K | — | View 990 |
| 2011 | $480K | $372K | $1.8M | $806K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.4M, and assets of $2.5M (revenue +182.9% year-over-year).
- 2022: Revenue of $617K, expenses of $623K, and assets of $2.0M (revenue -52.6% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.0M, and assets of $2.0M (revenue +22.8% year-over-year).
- 2020: Revenue of $1.1M, expenses of $803K, and assets of $1.7M (revenue +120.9% year-over-year).
- 2019: Revenue of $480K, expenses of $829K, and assets of $1.3M (revenue -20.1% year-over-year).
- 2018: Revenue of $601K, expenses of $827K, and assets of $1.5M (revenue -4.1% year-over-year).
- 2017: Revenue of $626K, expenses of $824K, and assets of $1.5M (revenue -16.7% year-over-year).
- 2016: Revenue of $752K, expenses of $758K, and assets of $1.7M (revenue -12.5% year-over-year).
- 2015: Revenue of $860K, expenses of $694K, and assets of $1.8M (revenue +25.1% year-over-year).
- 2014: Revenue of $687K, expenses of $672K, and assets of $1.7M (revenue +29.9% year-over-year).
- 2013: Revenue of $529K, expenses of $629K, and assets of $1.7M (revenue -19.9% year-over-year).
- 2012: Revenue of $660K, expenses of $567K, and assets of $1.9M (revenue +37.5% year-over-year).
- 2011: Revenue of $480K, expenses of $372K, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Great Lakes Boat Building School:
Data Sources and Methodology
This transparency report for Great Lakes Boat Building School 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.