North Atlantic Salmon Fund
EIN: 311477594 · Jacksonville, FL · NTEE: D123
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $358K |
| Net Assets | $1.7M |
Is North Atlantic Salmon Fund Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About North Atlantic Salmon Fund
North Atlantic Salmon Fund (EIN: 311477594) is a nonprofit organization based in Jacksonville, FL, classified under NTEE code D123. The organization reported total revenue of $1.3M and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Atlantic Salmon Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
North Atlantic Salmon Fund is a mid-size nonprofit that has been operating for 30 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $543K |
| Total Expenses | $358K |
| Surplus / Deficit | +$186K |
| Total Assets | $1.7M |
| Net Assets | $1.7M |
| Operating Margin | 34.2% |
| Months of Reserves | 56.6 months |
Financial Health Grade: A
In 2023, North Atlantic Salmon Fund reported a surplus of $186K with revenue exceeding expenses, holds 56.6 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), North Atlantic Salmon Fund's revenue has grown at a compound annual growth rate (CAGR) of 10.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +60.1% | +42.0% | +13.9% |
| 2022 | +74.9% | -3.2% | +5.9% |
| 2021 | +17.9% | -50.1% | -4.5% |
| 2020 | -16.1% | +165.8% | -19.5% |
| 2019 | -42.0% | -52.9% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for North Atlantic Salmon Fund 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 North Atlantic Salmon Fund 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $186K, with revenue exceeding expenses.
Frequently Asked Questions about North Atlantic Salmon Fund
Is North Atlantic Salmon Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, North Atlantic Salmon Fund (EIN: 311477594) insufficient data. 0 red flags identified, 0 strengths noted.
How does North Atlantic Salmon Fund spend its money?
Detailed spending breakdown data is not yet available for North Atlantic Salmon Fund. Check back for updated IRS 990 analysis.
Are donations to North Atlantic Salmon Fund tax-deductible?
North Atlantic Salmon Fund is registered as a tax-exempt nonprofit (EIN: 311477594). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is North Atlantic Salmon Fund located?
North Atlantic Salmon Fund is headquartered in Jacksonville, Florida and files with the IRS under EIN 311477594. It is classified under NTEE code D123.
How many years of IRS 990 filings does North Atlantic Salmon Fund have?
North Atlantic Salmon Fund 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 $1.3M in total revenue.
Filing History
IRS 990 filing history for North Atlantic Salmon Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), North Atlantic Salmon Fund's revenue has grown by 234%, moving from $163K to $543K. Total assets decreased by 30% over the same period, from $2.4M to $1.7M. Total functional expenses rose by 96.5%, from $182K to $358K. In its most recent filing year (2023), North Atlantic Salmon Fund reported a surplus of $186K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $543K | $358K | $1.7M | $0 | — | View 990 |
| 2022 | $340K | $252K | $1.5M | $0 | — | View 990 |
| 2021 | $194K | $260K | $1.4M | $0 | — | View 990 |
| 2020 | $165K | $521K | $1.5M | $0 | — | View 990 |
| 2019 | $196K | $196K | $1.8M | $0 | — | View 990 |
| 2018 | $339K | $416K | $1.8M | $0 | — | View 990 |
| 2017 | $30K | $347K | $1.9M | $0 | — | — |
| 2016 | $131K | $610K | $2.2M | $0 | — | View 990 |
| 2015 | $413K | $84K | $2.7M | $0 | — | View 990 |
| 2014 | $387K | $714K | $2.4M | $0 | — | View 990 |
| 2013 | $143K | $108K | $2.7M | $0 | — | View 990 |
| 2012 | $764K | $518K | $2.7M | $0 | — | View 990 |
| 2011 | $163K | $182K | $2.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $543K, expenses of $358K, and assets of $1.7M (revenue +60.1% year-over-year).
- 2022: Revenue of $340K, expenses of $252K, and assets of $1.5M (revenue +74.9% year-over-year).
- 2021: Revenue of $194K, expenses of $260K, and assets of $1.4M (revenue +17.9% year-over-year).
- 2020: Revenue of $165K, expenses of $521K, and assets of $1.5M (revenue -16.1% year-over-year).
- 2019: Revenue of $196K, expenses of $196K, and assets of $1.8M (revenue -42.0% year-over-year).
- 2018: Revenue of $339K, expenses of $416K, and assets of $1.8M (revenue +1034.2% year-over-year).
- 2017: Revenue of $30K, expenses of $347K, and assets of $1.9M (revenue -77.2% year-over-year).
- 2016: Revenue of $131K, expenses of $610K, and assets of $2.2M (revenue -68.3% year-over-year).
- 2015: Revenue of $413K, expenses of $84K, and assets of $2.7M (revenue +6.6% year-over-year).
- 2014: Revenue of $387K, expenses of $714K, and assets of $2.4M (revenue +171.6% year-over-year).
- 2013: Revenue of $143K, expenses of $108K, and assets of $2.7M (revenue -81.3% year-over-year).
- 2012: Revenue of $764K, expenses of $518K, and assets of $2.7M (revenue +369.8% year-over-year).
- 2011: Revenue of $163K, expenses of $182K, and assets of $2.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for North Atlantic Salmon Fund:
Data Sources and Methodology
This transparency report for North Atlantic Salmon Fund 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.