Malletts Bay Sailing Education Foundation
EIN: 611605869 · Montpelier, VT · NTEE: N67
| Metric | Value |
|---|---|
| Total Expenses | $204 |
| Net Assets | $28K |
Is Malletts Bay Sailing Education Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Malletts Bay Sailing Education Foundation
Malletts Bay Sailing Education Foundation (EIN: 611605869) is a nonprofit organization based in Montpelier, VT, classified under NTEE code N67. 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 Malletts Bay Sailing Education Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Malletts Bay Sailing Education Foundation is a micro nonprofit that has been operating for 15 years, with 10 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of -19.8%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $902 |
| Total Expenses | $204 |
| Surplus / Deficit | +$698 |
| Total Assets | $28K |
| Net Assets | $28K |
| Operating Margin | 77.4% |
| Months of Reserves | 1629.5 months |
Financial Health Grade: A
In 2020, Malletts Bay Sailing Education Foundation reported a surplus of $698 with revenue exceeding expenses, holds 1629.5 months of operating reserves (strong position).
Financial Trends
Over 10 years of filings (2011–2020), Malletts Bay Sailing Education Foundation's revenue has declined at a compound annual growth rate (CAGR) of -19.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -19.3% | -90.3% | +2.6% |
| 2019 | -80.2% | — | -3.5% |
| 2017 | -233.1% | +74.7% | -25.5% |
| 2016 | +119.0% | -25.0% | +9.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Malletts Bay Sailing Education Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Malletts Bay Sailing Education Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $698, with revenue exceeding expenses.
Frequently Asked Questions about Malletts Bay Sailing Education Foundation
Is Malletts Bay Sailing Education Foundation a legitimate charity?
Malletts Bay Sailing Education Foundation (EIN: 611605869) is a registered tax-exempt nonprofit based in Vermont. It has 10 years of IRS 990 filings on record. No red flags identified. Financial health grade: A.
How does Malletts Bay Sailing Education Foundation spend its money?
Malletts Bay Sailing Education Foundation reported its financials in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Malletts Bay Sailing Education Foundation tax-deductible?
Malletts Bay Sailing Education Foundation is registered as a tax-exempt nonprofit (EIN: 611605869). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Malletts Bay Sailing Education Foundation located?
Malletts Bay Sailing Education Foundation is headquartered in Montpelier, Vermont and files with the IRS under EIN 611605869. It is classified under NTEE code N67.
How many years of IRS 990 filings does Malletts Bay Sailing Education Foundation have?
Malletts Bay Sailing Education Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Malletts Bay Sailing Education Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2020), Malletts Bay Sailing Education Foundation's revenue has declined by 86.3%, moving from $7K to $902. Total assets increased by 320.6% over the same period, from $7K to $28K. In its most recent filing year (2020), Malletts Bay Sailing Education Foundation reported a surplus of $698, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $902 | $204 | $28K | $0 | — | View 990 |
| 2019 | $1K | $2K | $27K | $0 | — | View 990 |
| 2018 | $6K | $-1,829 | $28K | $0 | — | View 990 |
| 2017 | $-5,694 | $3K | $24K | $0 | — | View 990 |
| 2016 | $4K | $2K | $33K | $0 | — | View 990 |
| 2015 | $2K | $2K | $30K | $0 | — | View 990 |
| 2014 | $3K | $6K | $30K | $0 | — | View 990 |
| 2013 | $27K | $1K | $33K | $0 | — | View 990 |
| 2012 | $175 | $0 | $7K | $0 | — | View 990 |
| 2011 | $7K | $0 | $7K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $902, expenses of $204, and assets of $28K (revenue -19.3% year-over-year).
- 2019: Revenue of $1K, expenses of $2K, and assets of $27K (revenue -80.2% year-over-year).
- 2018: Revenue of $6K, expenses of $-1,829, and assets of $28K.
- 2017: Revenue of $-5,694, expenses of $3K, and assets of $24K (revenue -233.1% year-over-year).
- 2016: Revenue of $4K, expenses of $2K, and assets of $33K (revenue +119.0% year-over-year).
- 2015: Revenue of $2K, expenses of $2K, and assets of $30K (revenue -35.4% year-over-year).
- 2014: Revenue of $3K, expenses of $6K, and assets of $30K (revenue -88.9% year-over-year).
- 2013: Revenue of $27K, expenses of $1K, and assets of $33K (revenue +15470.9% year-over-year).
- 2012: Revenue of $175, expenses of $0, and assets of $7K (revenue -97.3% year-over-year).
- 2011: Revenue of $7K, expenses of $0, and assets of $7K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Malletts Bay Sailing Education Foundation:
Data Sources and Methodology
This transparency report for Malletts Bay Sailing Education Foundation 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.