Maritime Pilots Institute
Maritime Pilots Institute consistently operates at near break-even with no reported officer compensation.
EIN: 200265442 · Covington, LA · NTEE: B60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $1.9M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $165 |
| Transparency Score | 85/100 |
Is Maritime Pilots Institute Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maritime Pilots Institute directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maritime Pilots Institute
Maritime Pilots Institute (EIN: 200265442) is a nonprofit organization based in Covington, LA, classified under NTEE code B60. The organization reported total revenue of $1.9M and total assets of $93K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maritime Pilots Institute's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maritime Pilots Institute is a mid-size nonprofit that has been operating for 20 years, with 9 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of 5.6%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $1.9M |
| Surplus / Deficit | $-1,043 |
| Total Assets | $93K |
| Total Liabilities | $93K |
| Net Assets | $165 |
| Operating Margin | -0.1% |
| Debt-to-Asset Ratio | 99.8% |
| Months of Reserves | 0.6 months |
Financial Health Grade: D
In 2019, Maritime Pilots Institute reported a deficit of $1K with expenses exceeding revenue, holds 0.6 months of operating reserves (limited), has a debt-to-asset ratio of 99.8% (high leverage).
Financial Trends
Over 9 years of filings (2011–2019), Maritime Pilots Institute's revenue has grown at a compound annual growth rate (CAGR) of 5.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -16.6% | -16.6% | +123.3% |
| 2018 | +22.1% | +21.8% | +66.7% |
| 2017 | +16.4% | +16.6% | -79.3% |
| 2016 | +1.8% | +1.9% | +19.3% |
| 2015 | +6.7% | +6.7% | -1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
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 Maritime Pilots Institute 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Maritime Pilots Institute allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1K, with expenses exceeding revenue.
- Debt-to-asset ratio: 99.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation from the organization, which is highly unusual for an organization with annual revenues approaching $2 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.
Red Flags
The following concerns were identified during AI analysis of Maritime Pilots Institute's IRS 990 filings:
- Very low asset base relative to annual expenses, indicating limited financial reserves.
- Consistent near break-even operations, leaving little margin for error or growth.
Strengths
The following positive indicators were identified for Maritime Pilots Institute:
- Consistent reporting of 0% officer compensation, indicating high efficiency in leadership costs.
- Stable revenue and expense history over nearly a decade, suggesting consistent program delivery.
- Strong program focus implied by the lack of executive compensation and lean operations.
Frequently Asked Questions about Maritime Pilots Institute
Is Maritime Pilots Institute a legitimate charity?
Maritime Pilots Institute (EIN: 200265442) is a registered tax-exempt nonprofit based in Louisiana. Our AI analysis gives it a Mission Score of 85/100. It has 9 years of IRS 990 filings on record. Total revenue: $1.9M. 2 red flags identified. 3 strengths noted. Financial health grade: D.
How does Maritime Pilots Institute spend its money?
Maritime Pilots Institute directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Maritime Pilots Institute tax-deductible?
Maritime Pilots Institute is registered as a tax-exempt nonprofit (EIN: 200265442). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Maritime Pilots Institute CEO make?
Maritime Pilots Institute's highest-compensated officer earns $2 annually. The organization reported $1.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Maritime Pilots Institute's spending goes to programs?
Maritime Pilots Institute directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Maritime Pilots Institute compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Maritime Pilots Institute is above average for NTEE category B60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maritime Pilots Institute located?
Maritime Pilots Institute is headquartered in Covington, Louisiana and files with the IRS under EIN 200265442. It is classified under NTEE code B60.
How many years of IRS 990 filings does Maritime Pilots Institute have?
Maritime Pilots Institute has 9 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 $1.9M in total revenue.
How does the organization manage to operate with 0% officer compensation given its revenue size?
This suggests that leadership roles may be filled by volunteers, or compensated through other means not reported as officer compensation on the 990, or that the organization has a unique operational structure.
What is the primary source of funding for the Maritime Pilots Institute?
While not explicitly detailed in the provided data, the consistent revenue figures suggest stable funding, likely from program service fees, grants, or membership dues related to maritime training.
Does the organization have sufficient reserves for unexpected events?
With assets of $92,673 against annual expenses of $1,894,473 in 2019, the organization holds less than a month's worth of operating expenses in reserves, indicating a lean financial position.
Filing History
IRS 990 filing history for Maritime Pilots Institute showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2019), Maritime Pilots Institute's revenue has grown by 54.2%, moving from $1.2M to $1.9M. Total assets decreased by 29.8% over the same period, from $132K to $93K. Total functional expenses rose by 54%, from $1.2M to $1.9M. In its most recent filing year (2019), Maritime Pilots Institute reported a deficit of $1K, with expenses exceeding revenue. The organization holds $93K in liabilities against $93K in assets (debt-to-asset ratio: 99.8%), resulting in net assets of $165.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $1.9M | $1.9M | $93K | $93K | — | View 990 |
| 2018 | $2.3M | $2.3M | $42K | $40K | — | View 990 |
| 2017 | $1.9M | $1.9M | $25K | $24K | — | View 990 |
| 2016 | $1.6M | $1.6M | $121K | $115K | — | View 990 |
| 2015 | $1.6M | $1.6M | $101K | $95K | — | View 990 |
| 2014 | $1.5M | $1.5M | $103K | $98K | — | View 990 |
| 2013 | $1.6M | $1.6M | $174K | $169K | — | View 990 |
| 2012 | $1.2M | $1.2M | $125K | $127K | — | View 990 |
| 2011 | $1.2M | $1.2M | $132K | $130K | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $1.9M, expenses of $1.9M, and assets of $93K (revenue -16.6% year-over-year).
- 2018: Revenue of $2.3M, expenses of $2.3M, and assets of $42K (revenue +22.1% year-over-year).
- 2017: Revenue of $1.9M, expenses of $1.9M, and assets of $25K (revenue +16.4% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.6M, and assets of $121K (revenue +1.8% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.6M, and assets of $101K (revenue +6.7% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.5M, and assets of $103K (revenue -7.4% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.6M, and assets of $174K (revenue +29.3% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.2M, and assets of $125K (revenue -0.1% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.2M, and assets of $132K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maritime Pilots Institute:
Data Sources and Methodology
This transparency report for Maritime Pilots Institute 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.