Grow Boating Inc Nfp
Grow Boating Inc Nfp reports recent operating deficits despite consistent revenue, with no direct officer compensation.
EIN: 204130169 · Chicago, IL · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.8M |
| Total Expenses | $9.5M |
| Program Spending | 80% |
| Net Assets | $1.8M |
| Transparency Score | 75/100 |
Is Grow Boating Inc Nfp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Grow Boating Inc Nfp directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Grow Boating Inc Nfp
Grow Boating Inc Nfp (EIN: 204130169) is a nonprofit organization based in Chicago, IL, classified under NTEE code S41. The organization reported total revenue of $8.8M and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grow Boating Inc Nfp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grow Boating Inc Nfp is a mid-size nonprofit that has been operating for 20 years, with 9 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of 10.1%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.8M |
| Total Expenses | $9.5M |
| Surplus / Deficit | $-728,540 |
| Total Assets | $2.9M |
| Total Liabilities | $1.1M |
| Net Assets | $1.8M |
| Operating Margin | -8.3% |
| Debt-to-Asset Ratio | 37.0% |
| Months of Reserves | 3.7 months |
Financial Health Grade: B
In 2019, Grow Boating Inc Nfp reported a deficit of $729K with expenses exceeding revenue, holds 3.7 months of operating reserves (adequate), has a debt-to-asset ratio of 37.0% (moderate leverage).
Financial Trends
Over 9 years of filings (2011–2019), Grow Boating Inc Nfp's revenue has grown at a compound annual growth rate (CAGR) of 10.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +20.6% | +11.8% | -26.1% |
| 2018 | -4.5% | +17.1% | -3.4% |
| 2017 | -14.7% | -12.0% | -0.1% |
| 2016 | +3.4% | +11.8% | +36.4% |
| 2015 | +15.1% | +6.8% | +69.9% |
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 Grow Boating Inc Nfp with a Mission Score of 75 out of 100 (Good). 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, Grow Boating Inc Nfp 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 (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $729K, with expenses exceeding revenue.
- Debt-to-asset ratio: 37.0%.
Executive Compensation Analysis
Grow Boating Inc Nfp consistently reports 0% officer compensation across all nine filings, suggesting that executive leadership may be volunteer-based or compensated through a related entity, which could impact the true administrative cost transparency.
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 Grow Boating Inc Nfp's IRS 990 filings:
- Operating deficits in the two most recent periods (201909 and 201809) totaling over $1.9 million.
- Significant decline in assets from $4,080,979 in 201609 to $2,911,258 in 201909.
- Lack of reported officer compensation, which could obscure true leadership costs if compensated by a related party.
Strengths
The following positive indicators were identified for Grow Boating Inc Nfp:
- Consistent revenue generation, averaging over $7 million annually for the past 7 years.
- Assets consistently exceed liabilities, indicating a generally solvent financial position.
- Long filing history (9 filings) demonstrates consistent compliance and operational longevity.
Frequently Asked Questions about Grow Boating Inc Nfp
Is Grow Boating Inc Nfp a legitimate charity?
Grow Boating Inc Nfp (EIN: 204130169) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 75/100. It has 9 years of IRS 990 filings on record. Total revenue: $8.8M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Grow Boating Inc Nfp spend its money?
Grow Boating Inc Nfp directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Grow Boating Inc Nfp tax-deductible?
Grow Boating Inc Nfp is registered as a tax-exempt nonprofit (EIN: 204130169). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Grow Boating Inc Nfp's spending goes to programs?
Grow Boating Inc Nfp directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Grow Boating Inc Nfp compare to similar nonprofits?
With a transparency score of 75/100 (Good), Grow Boating Inc Nfp is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Grow Boating Inc Nfp located?
Grow Boating Inc Nfp is headquartered in Chicago, Illinois and files with the IRS under EIN 204130169. It is classified under NTEE code S41.
How many years of IRS 990 filings does Grow Boating Inc Nfp have?
Grow Boating Inc Nfp has 9 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 $8.8M in total revenue.
Why has Grow Boating Inc Nfp experienced operating deficits in the last two reported periods?
In 201909, expenses ($9,508,248) exceeded revenue ($8,779,708) by $728,540. In 201809, expenses ($8,503,135) exceeded revenue ($7,279,596) by $1,223,539. This trend needs further investigation to understand the underlying causes and sustainability plan.
How does Grow Boating Inc Nfp manage its executive leadership without reporting officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that executive leadership may be volunteer-based or compensated by a related entity. This structure, while potentially efficient, could obscure the full cost of leadership if not transparently disclosed elsewhere.
What is the organization's strategy for addressing the decline in assets from $4,080,979 in 201609 to $2,911,258 in 201909?
The organization's assets have decreased by over $1 million in three years, from a peak of $4,080,979 in 201609 to $2,911,258 in 201909. This decline, coupled with recent operating deficits, indicates a potential draw on reserves that needs a clear strategy for reversal.
Filing History
IRS 990 filing history for Grow Boating Inc Nfp showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2019), Grow Boating Inc Nfp's revenue has grown by 116.1%, moving from $4.1M to $8.8M. Total assets increased by 374.1% over the same period, from $614K to $2.9M. Total functional expenses rose by 141.3%, from $3.9M to $9.5M. In its most recent filing year (2019), Grow Boating Inc Nfp reported a deficit of $729K, with expenses exceeding revenue. The organization holds $1.1M in liabilities against $2.9M in assets (debt-to-asset ratio: 37.0%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $8.8M | $9.5M | $2.9M | $1.1M | — | View 990 |
| 2018 | $7.3M | $8.5M | $3.9M | $1.4M | — | View 990 |
| 2017 | $7.6M | $7.3M | $4.1M | $276K | — | View 990 |
| 2016 | $8.9M | $8.2M | $4.1M | $652K | — | View 990 |
| 2015 | $8.6M | $7.4M | $3.0M | $251K | — | View 990 |
| 2014 | $7.5M | $6.9M | $1.8M | $231K | — | View 990 |
| 2013 | $7.2M | $6.6M | $1.1M | $99K | — | View 990 |
| 2012 | $6.3M | $6.3M | $815K | $422K | — | View 990 |
| 2011 | $4.1M | $3.9M | $614K | $256K | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $8.8M, expenses of $9.5M, and assets of $2.9M (revenue +20.6% year-over-year).
- 2018: Revenue of $7.3M, expenses of $8.5M, and assets of $3.9M (revenue -4.5% year-over-year).
- 2017: Revenue of $7.6M, expenses of $7.3M, and assets of $4.1M (revenue -14.7% year-over-year).
- 2016: Revenue of $8.9M, expenses of $8.2M, and assets of $4.1M (revenue +3.4% year-over-year).
- 2015: Revenue of $8.6M, expenses of $7.4M, and assets of $3.0M (revenue +15.1% year-over-year).
- 2014: Revenue of $7.5M, expenses of $6.9M, and assets of $1.8M (revenue +4.6% year-over-year).
- 2013: Revenue of $7.2M, expenses of $6.6M, and assets of $1.1M (revenue +13.2% year-over-year).
- 2012: Revenue of $6.3M, expenses of $6.3M, and assets of $815K (revenue +56.0% year-over-year).
- 2011: Revenue of $4.1M, expenses of $3.9M, and assets of $614K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grow Boating Inc Nfp:
Data Sources and Methodology
This transparency report for Grow Boating Inc Nfp 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.