Old Salt Fishing Foundation Inc
Old Salt Fishing Foundation consistently operates near break-even with volunteer leadership.
EIN: 200961806 · Madeira Beach, FL · NTEE: A80 · Updated: 2026-03-28
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Old Salt Fishing Foundation Inc is mapped to EIN 200961806.
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14 stored filing years available.
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85% program spend, health grade A
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| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $1.1M |
| Program Spending | 85% |
| Net Assets | $101K |
| Transparency Score | 85/100 |
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Old Salt Fishing Foundation Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Old Salt Fishing Foundation Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Old Salt Fishing Foundation Inc in one place.
Form 990 Filing Summary
14 filing years are available, with latest revenue of $1.1M and expenses of $1.1M.
Revenue and Expenses
Old Salt Fishing Foundation Inc reported $1.1M in revenue and $1.1M in expenses, a surplus of $58K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
85/100 mission score, 1 red flag, and 4 strengths are shown from structured and AI review.
Is Old Salt Fishing Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $918K (85%) |
Across stored filings, Old Salt Fishing Foundation Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade A | 14 stored filing years |
| Peer context | Compare with Cornelia Warren Community Assn Inc | Florida and Arts & Culture context |
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Old Salt Fishing Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Old Salt Fishing Foundation Inc
Old Salt Fishing Foundation Inc (EIN: 200961806) is a nonprofit organization based in Madeira Beach, FL, classified under NTEE code A80. The organization reported total revenue of $1.1M and total assets of $102K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Old Salt Fishing Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Old Salt Fishing Foundation Inc is a mid-size nonprofit that has been operating for 12 years, with 14 years of IRS 990 filings on record (2009–2022). Revenue has grown at a compound annual rate of 8.0%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$58K |
| Total Assets | $102K |
| Total Liabilities | $750 |
| Net Assets | $101K |
| Operating Margin | 5.1% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 1.1 months |
Financial Health Grade: A
In 2022, Old Salt Fishing Foundation Inc reported a surplus of $58K with revenue exceeding expenses, holds 1.1 months of operating reserves (limited), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 14 years of filings (2009–2022), Old Salt Fishing Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +16.0% | +10.2% | +62.6% |
| 2021 | +52.2% | +51.1% | +32.1% |
| 2020 | -50.5% | -51.6% | +0.4% |
| 2019 | -1.3% | +2.0% | -45.5% |
| 2018 | -2.3% | -0.7% | +5.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
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 Old Salt Fishing Foundation Inc 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Old Salt Fishing Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $58K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based, 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 Old Salt Fishing Foundation Inc's IRS 990 filings:
- Lack of detailed expense breakdown in public filings to fully assess program efficiency.
Strengths
The following positive indicators were identified for Old Salt Fishing Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating strong volunteer leadership.
- History of operating near break-even, demonstrating financial prudence.
- Consistent IRS 990 filing history, indicating good compliance and transparency.
- Growth in assets from $47,392 in 2020 to $101,785 in 2022, showing financial stability.
Frequently Asked Questions about Old Salt Fishing Foundation Inc
Is Old Salt Fishing Foundation Inc a legitimate charity?
Old Salt Fishing Foundation Inc (EIN: 200961806) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $1.1M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Old Salt Fishing Foundation Inc spend its money?
Old Salt Fishing Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Old Salt Fishing Foundation Inc tax-deductible?
Old Salt Fishing Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200961806). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Old Salt Fishing Foundation Inc's spending goes to programs?
Old Salt Fishing Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Old Salt Fishing Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Old Salt Fishing Foundation Inc is above average for NTEE category A80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Old Salt Fishing Foundation Inc located?
Old Salt Fishing Foundation Inc is headquartered in Madeira Beach, Florida and files with the IRS under EIN 200961806. It is classified under NTEE code A80.
How many years of IRS 990 filings does Old Salt Fishing Foundation Inc have?
Old Salt Fishing Foundation Inc has 14 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 $1.1M in total revenue.
Is Old Salt Fishing Foundation Inc a good charity?
Based on the available IRS 990 data, Old Salt Fishing Foundation Inc appears to be a well-managed charity. It consistently operates near break-even, indicating responsible financial stewardship, and reports no officer compensation, suggesting a strong volunteer commitment. However, without detailed program expense breakdowns, it's difficult to fully assess program impact.
How does Old Salt Fishing Foundation Inc manage its finances?
The organization manages its finances by generally keeping expenses in line with revenues, as seen in the 2022 filing where revenue was $1,138,290 and expenses were $1,080,572. It maintains relatively low assets compared to its annual operating budget, suggesting a focus on direct spending rather than accumulating large reserves.
What is the trend in Old Salt Fishing Foundation Inc's revenue?
Old Salt Fishing Foundation Inc's revenue has fluctuated over the past decade, peaking around $1.35 million in 2017 and 2018, dipping to $644,524 in 2020, and recovering to $1,138,290 in 2022. This indicates a dynamic revenue stream, possibly influenced by external factors or event cycles.
Filing History
IRS 990 filing history for Old Salt Fishing Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2009–2022), Old Salt Fishing Foundation Inc's revenue has grown by 173.5%, moving from $416K to $1.1M. Total assets increased by 445.7% over the same period, from $19K to $102K. Total functional expenses rose by 165.2%, from $408K to $1.1M. In its most recent filing year (2022), Old Salt Fishing Foundation Inc reported a surplus of $58K, with revenue exceeding expenses. The organization holds $750 in liabilities against $102K in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $101K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $1.1M | $1.1M | $102K | $750 | — | View 990 |
| 2021 | $981K | $981K | $63K | $19K | — | View 990 |
| 2020 | $645K | $649K | $47K | $5K | — | View 990 |
| 2019 | $1.3M | $1.3M | $47K | $0 | — | View 990 |
| 2018 | $1.3M | $1.3M | $87K | $0 | — | View 990 |
| 2017 | $1.4M | $1.3M | $82K | $0 | — | View 990 |
| 2016 | $1.4M | $1.3M | $69K | $12K | — | — |
| 2015 | $1.2M | $1.2M | $62K | $12K | — | View 990 |
| 2014 | $955K | $925K | $49K | $0 | — | View 990 |
| 2013 | $758K | $758K | $25K | $5K | — | View 990 |
| 2012 | $492K | $488K | $27K | $9K | — | View 990 |
| 2011 | $500K | $500K | $32K | $18K | — | View 990 |
| 2010 | $399K | $388K | $25K | $10K | — | View 990 |
| 2009 | $416K | $408K | $19K | $15K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $1.1M, expenses of $1.1M, and assets of $102K (revenue +16.0% year-over-year).
- 2021: Revenue of $981K, expenses of $981K, and assets of $63K (revenue +52.2% year-over-year).
- 2020: Revenue of $645K, expenses of $649K, and assets of $47K (revenue -50.5% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.3M, and assets of $47K (revenue -1.3% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.3M, and assets of $87K (revenue -2.3% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.3M, and assets of $82K (revenue -0.2% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.3M, and assets of $69K (revenue +9.8% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.2M, and assets of $62K (revenue +29.0% year-over-year).
- 2014: Revenue of $955K, expenses of $925K, and assets of $49K (revenue +26.0% year-over-year).
- 2013: Revenue of $758K, expenses of $758K, and assets of $25K (revenue +54.0% year-over-year).
- 2012: Revenue of $492K, expenses of $488K, and assets of $27K (revenue -1.4% year-over-year).
- 2011: Revenue of $500K, expenses of $500K, and assets of $32K (revenue +25.3% year-over-year).
- 2010: Revenue of $399K, expenses of $388K, and assets of $25K (revenue -4.2% year-over-year).
- 2009: Revenue of $416K, expenses of $408K, and assets of $19K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Old Salt Fishing Foundation Inc:
Data Sources and Methodology
This transparency report for Old Salt Fishing Foundation Inc 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.