Lake Sunapee Cruising Fleet

Lake Sunapee Cruising Fleet reports zero revenue and assets in its latest filing, historically operating on under $6,000 annually with no officer compensation.

EIN: 20500363 · Chichester, NH · NTEE: N50 · Updated: 2026-03-28

$0Revenue

$0Assets

85/100Mission Score (Excellent)

N50

About Lake Sunapee Cruising Fleet

Lake Sunapee Cruising Fleet (EIN: 20500363) is a nonprofit organization based in Chichester, NH, classified under NTEE code N50. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake Sunapee Cruising Fleet's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Lake Sunapee Cruising Fleet appears to be a very small, volunteer-run organization based on its financial filings. With zero revenue and assets in its latest filing, and historical revenues consistently under $6,000, it operates on a minimal budget. The organization has maintained a healthy financial position historically, with assets consistently exceeding liabilities, indicating good fiscal management for its size. Its expenses have generally been in line with or slightly above its revenue in some years, such as 2014 where expenses of $6,306 exceeded revenue of $4,935, suggesting it occasionally draws from reserves or relies on prior year surpluses. The consistent reporting of 0% officer compensation across all filings indicates a strong reliance on volunteer efforts, which is a positive sign for spending efficiency and mission focus for an organization of this scale. The organization's transparency is good, with consistent filings available, though the latest filing showing zero activity warrants further inquiry to understand its current operational status.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Lake Sunapee Cruising Fleet 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: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Lake Sunapee Cruising Fleet allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that the organization is entirely volunteer-run and does not allocate any funds to officer salaries, which is highly efficient for an organization of its small size.

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 Lake Sunapee Cruising Fleet's IRS 990 filings:

Latest filing shows $0 revenue and assets, raising questions about current operational status.

Strengths

The following positive indicators were identified for Lake Sunapee Cruising Fleet:

Consistent 0% officer compensation, indicating strong volunteer support and efficiency.
Historically maintained positive net assets, demonstrating fiscal responsibility for its size.
Low overhead due to volunteer-run model.

Frequently Asked Questions about Lake Sunapee Cruising Fleet

Is Lake Sunapee Cruising Fleet still active given its latest filing of $0 revenue and assets?

The latest IRS 990 filing for Lake Sunapee Cruising Fleet shows $0 in revenue and assets, which typically indicates either inactivity or a significant change in operations. Further investigation beyond the 990 filings would be needed to confirm its current operational status.

How does Lake Sunapee Cruising Fleet fund its operations if it has no revenue?

Historically, the organization has funded its operations through small revenues, likely membership dues or small donations, ranging from $3,785 to $5,440 annually. The latest filing with $0 revenue suggests a potential pause in operations or a change in reporting.

What is the typical program spending for this organization?

Given its small budget and volunteer nature, the vast majority of its expenses would likely be directly related to its program activities, such as events or maintenance, with minimal administrative overhead. The 0% officer compensation supports a high program spending ratio.

Filing History

IRS 990 filing history for Lake Sunapee Cruising Fleet showing financial trends over 4 years of public records:

Over 4 years of IRS 990 filings (2011–2014), Lake Sunapee Cruising Fleet's revenue has grown by 30.4%, moving from $4K to $5K. Total assets increased by 6.9% over the same period, from $6K to $7K. Total functional expenses rose by 36.2%, from $5K to $6K. In its most recent filing year (2014), Lake Sunapee Cruising Fleet reported a deficit of $1K, with expenses exceeding revenue.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2014	$5K	$6K	$7K	$0	—	View 990
2013	$5K	$5K	$8K	$0	—	View 990
2012	$5K	$4K	$8K	$0	—	View 990
2011	$4K	$5K	$6K	$0	—	View 990

Year-by-Year Financial Summary

2014: Revenue of $5K, expenses of $6K, and assets of $7K (revenue -9.3% year-over-year).
2013: Revenue of $5K, expenses of $5K, and assets of $8K (revenue +6.1% year-over-year).
2012: Revenue of $5K, expenses of $4K, and assets of $8K (revenue +35.4% year-over-year).
2011: Revenue of $4K, expenses of $5K, and assets of $6K.

Data Sources and Methodology

This transparency report for Lake Sunapee Cruising Fleet 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.