North Shore Area Partners

Is North Shore Area Partners Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

North Shore Area Partners directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About North Shore Area Partners

North Shore Area Partners (EIN: 201156990) is a nonprofit organization based in Silver Bay, MN, classified under NTEE code P44. The organization reported total revenue of $711K and total assets of $962K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Shore Area Partners'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 North Shore Area Partners with a Mission Score of 92 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: 7%
• programs: 90%
• fundraising: 3%

According to IRS 990 filings, North Shore Area Partners allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is likely volunteer-based or compensated through non-officer roles, which is highly favorable for donor perception and resource allocation.

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.

Strengths

The following positive indicators were identified for North Shore Area Partners:

• Consistent revenue growth, increasing from $117,804 in 201412 to $641,339 in 202312.
• Strong asset growth, reaching $926,650 in 202312 from $276,095 in 201412.
• Very low liabilities, consistently under $71,000 across all filings, and only $9,098 in 202312.
• 0% reported officer compensation across all 13 filings, indicating efficient use of funds.
• Consistent surpluses in recent years, such as $29,612 in 202312 ($641,339 revenue - $611,727 expenses).

Frequently Asked Questions about North Shore Area Partners

Filing History

IRS 990 filing history for North Shore Area Partners showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), North Shore Area Partners's revenue has grown by 428.7%, moving from $121K to $641K. Total assets increased by 234.2% over the same period, from $277K to $927K. Total functional expenses rose by 597.9%, from $88K to $612K. In its most recent filing year (2023), North Shore Area Partners reported a surplus of $30K, with revenue exceeding expenses. The organization holds $9K in liabilities against $927K in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $918K.

Year-by-Year Financial Summary

• 2023: Revenue of $641K, expenses of $612K, and assets of $927K (revenue -6.6% year-over-year).
• 2022: Revenue of $687K, expenses of $478K, and assets of $877K (revenue +30.4% year-over-year).
• 2021: Revenue of $527K, expenses of $474K, and assets of $744K (revenue -5.1% year-over-year).
• 2020: Revenue of $555K, expenses of $258K, and assets of $719K (revenue +190.8% year-over-year).
• 2019: Revenue of $191K, expenses of $151K, and assets of $354K (revenue +75.0% year-over-year).
• 2018: Revenue of $109K, expenses of $112K, and assets of $292K (revenue -0.8% year-over-year).
• 2017: Revenue of $110K, expenses of $110K, and assets of $305K (revenue -24.2% year-over-year).
• 2016: Revenue of $145K, expenses of $128K, and assets of $284K (revenue +24.1% year-over-year).
• 2015: Revenue of $117K, expenses of $125K, and assets of $265K (revenue -0.9% year-over-year).
• 2014: Revenue of $118K, expenses of $126K, and assets of $276K (revenue -5.4% year-over-year).
• 2013: Revenue of $125K, expenses of $133K, and assets of $279K (revenue +37.3% year-over-year).
• 2012: Revenue of $91K, expenses of $102K, and assets of $267K (revenue -25.2% year-over-year).
• 2011: Revenue of $121K, expenses of $88K, and assets of $277K.

Data Sources and Methodology

This transparency report for North Shore Area Partners 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.