Marine Science And Nauticaltraining Academy
Marine Science And Nauticaltraining Academy shows fluctuating revenue and recent deficits, with no reported officer compensation.
EIN: 205500770 · Charleston, SC · NTEE: B99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $435K |
| Program Spending | 70% |
| Net Assets | $792K |
| Transparency Score | 75/100 |
Is Marine Science And Nauticaltraining Academy Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Marine Science And Nauticaltraining Academy directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Marine Science And Nauticaltraining Academy
Marine Science And Nauticaltraining Academy (EIN: 205500770) is a nonprofit organization based in Charleston, SC, classified under NTEE code B99. The organization reported total revenue of $1.5M and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Marine Science And Nauticaltraining Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Marine Science And Nauticaltraining Academy is a mid-size nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -3.8%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $224K |
| Total Expenses | $435K |
| Surplus / Deficit | $-210,880 |
| Total Assets | $1.3M |
| Total Liabilities | $469K |
| Net Assets | $792K |
| Operating Margin | -93.9% |
| Debt-to-Asset Ratio | 37.2% |
| Months of Reserves | 34.8 months |
Financial Health Grade: B
In 2022, Marine Science And Nauticaltraining Academy reported a deficit of $211K with expenses exceeding revenue, holds 34.8 months of operating reserves (strong position), has a debt-to-asset ratio of 37.2% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2022), Marine Science And Nauticaltraining Academy's revenue has declined at a compound annual growth rate (CAGR) of -3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -35.9% | -2.8% | +25.8% |
| 2021 | +35.3% | +7.6% | -9.3% |
| 2020 | +38.5% | -17.8% | -12.3% |
| 2019 | -89.7% | +51.7% | -20.6% |
| 2018 | +270.8% | -30.7% | +1280.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
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 Marine Science And Nauticaltraining Academy 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Marine Science And Nauticaltraining Academy allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $211K, with expenses exceeding revenue.
- Debt-to-asset ratio: 37.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's officers are not drawing salaries, which is highly commendable for a nonprofit of its 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 Marine Science And Nauticaltraining Academy's IRS 990 filings:
- Highly inconsistent revenue generation over the past decade, with significant fluctuations.
- Consistent operational deficits in recent years (2019-2022), where expenses exceeded revenue.
- Significant increase in liabilities to $469,300 in 2022, a notable change from prior periods.
- Negative revenue reported in 2014 and 2015, which is an unusual financial event for a nonprofit.
Strengths
The following positive indicators were identified for Marine Science And Nauticaltraining Academy:
- Consistent reporting of 0% officer compensation, indicating a commitment to minimizing executive overhead.
- Accumulated assets of $2,114,336, suggesting some financial reserves despite revenue volatility.
- Long filing history (12 filings), indicating consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Marine Science And Nauticaltraining Academy
Is Marine Science And Nauticaltraining Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Marine Science And Nauticaltraining Academy (EIN: 205500770) some concerns. Mission Score: 75/100. 4 red flags identified, 3 strengths noted.
How does Marine Science And Nauticaltraining Academy spend its money?
Marine Science And Nauticaltraining Academy directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Marine Science And Nauticaltraining Academy tax-deductible?
Marine Science And Nauticaltraining Academy is registered as a tax-exempt nonprofit (EIN: 205500770). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Marine Science And Nauticaltraining Academy's spending goes to programs?
Marine Science And Nauticaltraining Academy directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Marine Science And Nauticaltraining Academy compare to similar nonprofits?
With a transparency score of 75/100 (Good), Marine Science And Nauticaltraining Academy is above average for NTEE category B99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Marine Science And Nauticaltraining Academy located?
Marine Science And Nauticaltraining Academy is headquartered in Charleston, South Carolina and files with the IRS under EIN 205500770. It is classified under NTEE code B99.
How many years of IRS 990 filings does Marine Science And Nauticaltraining Academy have?
Marine Science And Nauticaltraining Academy has 12 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 $1.5M in total revenue.
Is Marine Science And Nauticaltraining Academy financially stable given its fluctuating revenue?
The organization's revenue has been highly inconsistent, ranging from negative figures in 2014 and 2015 to over $1.8 million in 2018. Recent years (2019-2022) show revenues significantly lower than expenses, indicating operational deficits. This volatility raises concerns about long-term financial stability.
What caused the significant increase in liabilities to $469,300 in 2022?
The provided data does not specify the nature of these liabilities. However, this is a substantial increase from previous years where liabilities were often zero or very low, warranting further investigation into the organization's financial obligations.
How does the organization sustain operations with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that leadership may be volunteer-based or compensated through other means not categorized as officer compensation, or that the organization relies heavily on other staff or external contractors for operational management.
What is the breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories, making it difficult to fully assess spending efficiency. This information would be crucial for a comprehensive financial analysis.
Why was revenue negative in 2014 and 2015?
Negative revenue figures, such as $-313,871 in 2014 and $-15,191 in 2015, typically indicate significant returns, allowances, or adjustments that exceeded gross receipts. This is an unusual occurrence for a nonprofit and would require examining the detailed financial statements to understand the specific circumstances.
Filing History
IRS 990 filing history for Marine Science And Nauticaltraining Academy showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Marine Science And Nauticaltraining Academy's revenue has declined by 34.6%, moving from $343K to $224K. Total assets increased by 303.4% over the same period, from $313K to $1.3M. Total functional expenses rose by 901.1%, from $43K to $435K. In its most recent filing year (2022), Marine Science And Nauticaltraining Academy reported a deficit of $211K, with expenses exceeding revenue. The organization holds $469K in liabilities against $1.3M in assets (debt-to-asset ratio: 37.2%), resulting in net assets of $792K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $224K | $435K | $1.3M | $469K | — | View 990 |
| 2021 | $350K | $448K | $1.0M | $0 | — | View 990 |
| 2020 | $259K | $416K | $1.1M | $5K | — | View 990 |
| 2019 | $187K | $506K | $1.3M | $2K | — | View 990 |
| 2018 | $1.8M | $334K | $1.6M | $9K | — | View 990 |
| 2017 | $491K | $481K | $115K | $23K | — | View 990 |
| 2016 | $82K | $141K | $166K | $83K | — | View 990 |
| 2015 | $-15,191 | $124K | $233K | $92K | — | View 990 |
| 2014 | $-313,871 | $178K | $228K | $92K | — | View 990 |
| 2013 | $60K | $152K | $709K | $81K | — | View 990 |
| 2012 | $599K | $185K | $790K | $71K | — | View 990 |
| 2011 | $343K | $43K | $313K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $224K, expenses of $435K, and assets of $1.3M (revenue -35.9% year-over-year).
- 2021: Revenue of $350K, expenses of $448K, and assets of $1.0M (revenue +35.3% year-over-year).
- 2020: Revenue of $259K, expenses of $416K, and assets of $1.1M (revenue +38.5% year-over-year).
- 2019: Revenue of $187K, expenses of $506K, and assets of $1.3M (revenue -89.7% year-over-year).
- 2018: Revenue of $1.8M, expenses of $334K, and assets of $1.6M (revenue +270.8% year-over-year).
- 2017: Revenue of $491K, expenses of $481K, and assets of $115K (revenue +497.3% year-over-year).
- 2016: Revenue of $82K, expenses of $141K, and assets of $166K.
- 2015: Revenue of $-15,191, expenses of $124K, and assets of $233K.
- 2014: Revenue of $-313,871, expenses of $178K, and assets of $228K (revenue -624.1% year-over-year).
- 2013: Revenue of $60K, expenses of $152K, and assets of $709K (revenue -90.0% year-over-year).
- 2012: Revenue of $599K, expenses of $185K, and assets of $790K (revenue +74.6% year-over-year).
- 2011: Revenue of $343K, expenses of $43K, and assets of $313K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Marine Science And Nauticaltraining Academy:
Data Sources and Methodology
This transparency report for Marine Science And Nauticaltraining Academy 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.