Lake Winnipesaukee Sailing Association Inc
Lake Winnipesaukee Sailing Association consistently grows assets and operates efficiently with no reported officer compensation.
EIN: 20439135 · Gilford, NH · NTEE: N50Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $289K |
| Total Expenses | $190K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $925K |
| Transparency Score | 92/100 |
Is Lake Winnipesaukee Sailing Association Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lake Winnipesaukee Sailing Association Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lake Winnipesaukee Sailing Association Inc
Lake Winnipesaukee Sailing Association Inc (EIN: 20439135) is a nonprofit organization based in Gilford, NH, classified under NTEE code N50Z. The organization reported total revenue of $289K and total assets of $956K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake Winnipesaukee Sailing Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lake Winnipesaukee Sailing Association Inc is a small nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $225K |
| Total Expenses | $190K |
| Surplus / Deficit | +$35K |
| Total Assets | $930K |
| Total Liabilities | $5K |
| Net Assets | $925K |
| Operating Margin | 15.4% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 58.7 months |
Financial Health Grade: A
In 2023, Lake Winnipesaukee Sailing Association Inc reported a surplus of $35K with revenue exceeding expenses, holds 58.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lake Winnipesaukee Sailing Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +34.2% | +28.2% | +4.4% |
| 2022 | +0.1% | +15.0% | +2.2% |
| 2021 | +49.6% | +42.6% | +4.6% |
| 2020 | -47.7% | -32.9% | +2.6% |
| 2019 | +41.3% | +1.3% | +10.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Lake Winnipesaukee Sailing Association 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Lake Winnipesaukee Sailing Association Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $35K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all 13 filings, indicating that the organization's leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for a nonprofit of its size with assets nearing $1 million.
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 Lake Winnipesaukee Sailing Association Inc:
- Consistent asset growth, from $675,314 in 2015 to $930,151 in 2023.
- No reported officer compensation across all 13 filings, indicating high efficiency and volunteer leadership.
- Consistently operates with a financial surplus, with revenues exceeding expenses in all reported periods (e.g., $224,996 revenue vs. $190,306 expenses in 2023).
- Very low to zero liabilities in recent years, demonstrating strong financial management and minimal debt.
- Regular and consistent IRS 990 filings, indicating strong transparency and accountability.
Frequently Asked Questions about Lake Winnipesaukee Sailing Association Inc
Is Lake Winnipesaukee Sailing Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lake Winnipesaukee Sailing Association Inc (EIN: 20439135) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Lake Winnipesaukee Sailing Association Inc spend its money?
Lake Winnipesaukee Sailing Association Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lake Winnipesaukee Sailing Association Inc tax-deductible?
Lake Winnipesaukee Sailing Association Inc is registered as a tax-exempt nonprofit (EIN: 20439135). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lake Winnipesaukee Sailing Association Inc CEO make?
Lake Winnipesaukee Sailing Association Inc's highest-compensated officer earns $1 annually. The organization reported $289K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Lake Winnipesaukee Sailing Association Inc's spending goes to programs?
Lake Winnipesaukee Sailing Association Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lake Winnipesaukee Sailing Association Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Lake Winnipesaukee Sailing Association Inc is above average for NTEE category N50Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lake Winnipesaukee Sailing Association Inc located?
Lake Winnipesaukee Sailing Association Inc is headquartered in Gilford, New Hampshire and files with the IRS under EIN 20439135. It is classified under NTEE code N50Z.
How many years of IRS 990 filings does Lake Winnipesaukee Sailing Association Inc have?
Lake Winnipesaukee Sailing Association 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 $289K in total revenue.
Is Lake Winnipesaukee Sailing Association Inc a good charity?
Based on the provided financial data, Lake Winnipesaukee Sailing Association Inc appears to be a very good charity. It consistently operates with a surplus, has growing assets, minimal liabilities, and reports no officer compensation, indicating efficient use of funds and strong financial health.
How has the organization's financial health changed over time?
The organization's financial health has steadily improved, with assets growing from $675,314 in 2015 to $930,151 in 2023. Revenue and expenses have also generally increased, showing growth in operations while maintaining a healthy surplus.
What is the trend in revenue and expenses?
Revenue and expenses have shown an upward trend over the years, with some fluctuations. For example, revenue increased from $112,022 in 2020 to $224,996 in 2023, indicating an expanding operational scale. Expenses have also increased but generally remain below revenue, ensuring financial stability.
Filing History
IRS 990 filing history for Lake Winnipesaukee Sailing Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lake Winnipesaukee Sailing Association Inc's revenue has grown by 40.1%, moving from $161K to $225K. Total assets increased by 492.6% over the same period, from $157K to $930K. Total functional expenses rose by 131.9%, from $82K to $190K. In its most recent filing year (2023), Lake Winnipesaukee Sailing Association Inc reported a surplus of $35K, with revenue exceeding expenses. The organization holds $5K in liabilities against $930K in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $925K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $225K | $190K | $930K | $5K | — | View 990 |
| 2022 | $168K | $148K | $891K | $0 | — | View 990 |
| 2021 | $168K | $129K | $871K | $0 | — | View 990 |
| 2020 | $112K | $91K | $833K | $0 | — | View 990 |
| 2019 | $214K | $135K | $811K | $51 | — | View 990 |
| 2018 | $152K | $133K | $732K | $0 | — | View 990 |
| 2017 | $128K | $103K | $714K | $300 | — | View 990 |
| 2016 | $322K | $96K | $689K | $67 | — | View 990 |
| 2015 | $304K | $107K | $675K | $212K | — | View 990 |
| 2014 | $206K | $105K | $738K | $471K | — | View 990 |
| 2013 | $107K | $60K | $166K | $0 | — | View 990 |
| 2012 | $17K | $55K | $119K | $0 | — | View 990 |
| 2011 | $161K | $82K | $157K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $225K, expenses of $190K, and assets of $930K (revenue +34.2% year-over-year).
- 2022: Revenue of $168K, expenses of $148K, and assets of $891K (revenue +0.1% year-over-year).
- 2021: Revenue of $168K, expenses of $129K, and assets of $871K (revenue +49.6% year-over-year).
- 2020: Revenue of $112K, expenses of $91K, and assets of $833K (revenue -47.7% year-over-year).
- 2019: Revenue of $214K, expenses of $135K, and assets of $811K (revenue +41.3% year-over-year).
- 2018: Revenue of $152K, expenses of $133K, and assets of $732K (revenue +18.5% year-over-year).
- 2017: Revenue of $128K, expenses of $103K, and assets of $714K (revenue -60.3% year-over-year).
- 2016: Revenue of $322K, expenses of $96K, and assets of $689K (revenue +6.0% year-over-year).
- 2015: Revenue of $304K, expenses of $107K, and assets of $675K (revenue +47.3% year-over-year).
- 2014: Revenue of $206K, expenses of $105K, and assets of $738K (revenue +92.5% year-over-year).
- 2013: Revenue of $107K, expenses of $60K, and assets of $166K (revenue +525.6% year-over-year).
- 2012: Revenue of $17K, expenses of $55K, and assets of $119K (revenue -89.3% year-over-year).
- 2011: Revenue of $161K, expenses of $82K, and assets of $157K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lake Winnipesaukee Sailing Association Inc:
Data Sources and Methodology
This transparency report for Lake Winnipesaukee Sailing Association 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.