Lincolnville Boat Club
Lincolnville Boat Club operates with a slight deficit but maintains strong assets and no liabilities.
EIN: 203952799 · Lincolnville, ME · NTEE: N67 · Updated: 2026-03-28
Is Lincolnville Boat Club Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lincolnville Boat Club directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lincolnville Boat Club
Lincolnville Boat Club (EIN: 203952799) is a nonprofit organization based in Lincolnville, ME, classified under NTEE code N67. The organization reported total revenue of $75K and total assets of $86K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lincolnville Boat Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lincolnville Boat Club 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, Lincolnville Boat Club 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.
Executive Compensation Analysis
Executive compensation is 0% of expenses, indicating a volunteer-led organization, which is typical for a small community club and helps minimize administrative costs.
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 Lincolnville Boat Club's IRS 990 filings:
- Expenses ($78,985) exceeded revenue ($71,414) in the latest filing period, indicating a deficit.
Strengths
The following positive indicators were identified for Lincolnville Boat Club:
- Strong asset base ($93,758) with no liabilities ($0), indicating financial stability.
- 0% officer compensation, suggesting a volunteer-driven leadership and efficient use of funds.
- Consistent filing history with one recent 990 filing, demonstrating transparency.
Frequently Asked Questions about Lincolnville Boat Club
Is Lincolnville Boat Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Lincolnville Boat Club (EIN: 203952799) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Lincolnville Boat Club spend its money?
Lincolnville Boat Club directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lincolnville Boat Club tax-deductible?
Lincolnville Boat Club is registered as a tax-exempt nonprofit (EIN: 203952799). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Lincolnville Boat Club a good charity?
Based on the available data, the Lincolnville Boat Club appears to be a well-managed community organization. It has a strong asset base ($93,758) with no liabilities, and its leadership is volunteer-based (0% officer compensation), which suggests a commitment to its mission without significant overhead for executive salaries. While it reported a slight deficit in the latest period (expenses $78,985 vs. revenue $71,414), this is not uncommon for small nonprofits and is offset by its healthy reserves.
How does the club manage its finances given the recent deficit?
Despite a recent deficit where expenses ($78,985) exceeded revenue ($71,414) in the 202312 period, the Lincolnville Boat Club maintains a strong financial position with $93,758 in assets and $0 in liabilities. This indicates that the club has sufficient reserves to cover operational shortfalls and manage its finances effectively over time, likely drawing from its accumulated assets to bridge temporary gaps.
Filing History
IRS 990 filing history for Lincolnville Boat Club showing financial trends over 1 year of public records:
In its most recent filing year (2023), Lincolnville Boat Club reported a deficit of $8K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $71K | $79K | $94K | $0 | — | View 990 |
Data Sources and Methodology
This transparency report for Lincolnville Boat Club 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.