Privateer Sailing Education Foundation
EIN: 825155319 · Hixson, TN · NTEE: N67
| Metric | Value |
|---|---|
| Total Revenue | $110K |
| Total Expenses | $134K |
| Net Assets | $109K |
Is Privateer Sailing Education Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Privateer Sailing Education Foundation
Privateer Sailing Education Foundation (EIN: 825155319) is a nonprofit organization based in Hixson, TN, classified under NTEE code N67. The organization reported total revenue of $110K and total assets of $101K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Privateer Sailing Education Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Privateer Sailing Education Foundation is a small nonprofit that has been operating for 8 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 4.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $141K |
| Total Expenses | $134K |
| Surplus / Deficit | +$7K |
| Total Assets | $121K |
| Total Liabilities | $11K |
| Net Assets | $109K |
| Operating Margin | 4.7% |
| Debt-to-Asset Ratio | 9.2% |
| Months of Reserves | 10.8 months |
Financial Health Grade: A
In 2023, Privateer Sailing Education Foundation reported a surplus of $7K with revenue exceeding expenses, holds 10.8 months of operating reserves (strong position), has a debt-to-asset ratio of 9.2% (very low leverage).
Financial Trends
Over 6 years of filings (2018–2023), Privateer Sailing Education Foundation's revenue has grown at a compound annual growth rate (CAGR) of 4.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +31.0% | +32.7% | +16.9% |
| 2022 | -22.4% | +14.4% | +6.6% |
| 2021 | +62.6% | -4.9% | +107.9% |
| 2020 | +4.3% | +1.7% | -14.3% |
| 2019 | -28.6% | +81.2% | -15.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Privateer Sailing Education Foundation 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 Privateer Sailing Education Foundation 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 $7K, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.2%.
Frequently Asked Questions about Privateer Sailing Education Foundation
Is Privateer Sailing Education Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Privateer Sailing Education Foundation (EIN: 825155319) insufficient data. 0 red flags identified, 0 strengths noted.
How does Privateer Sailing Education Foundation spend its money?
Detailed spending breakdown data is not yet available for Privateer Sailing Education Foundation. Check back for updated IRS 990 analysis.
Are donations to Privateer Sailing Education Foundation tax-deductible?
Privateer Sailing Education Foundation is registered as a tax-exempt nonprofit (EIN: 825155319). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Privateer Sailing Education Foundation located?
Privateer Sailing Education Foundation is headquartered in Hixson, Tennessee and files with the IRS under EIN 825155319. It is classified under NTEE code N67.
How many years of IRS 990 filings does Privateer Sailing Education Foundation have?
Privateer Sailing Education Foundation has 6 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 $110K in total revenue.
Filing History
IRS 990 filing history for Privateer Sailing Education Foundation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Privateer Sailing Education Foundation's revenue has grown by 23%, moving from $114K to $141K. Total assets increased by 88.2% over the same period, from $64K to $121K. Total functional expenses rose by 166.2%, from $50K to $134K. In its most recent filing year (2023), Privateer Sailing Education Foundation reported a surplus of $7K, with revenue exceeding expenses. The organization holds $11K in liabilities against $121K in assets (debt-to-asset ratio: 9.2%), resulting in net assets of $109K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $141K | $134K | $121K | $11K | — | View 990 |
| 2022 | $107K | $101K | $103K | $302 | — | View 990 |
| 2021 | $138K | $88K | $97K | $303 | — | View 990 |
| 2020 | $85K | $93K | $47K | $108 | — | — |
| 2019 | $82K | $91K | $54K | $108 | — | View 990 |
| 2018 | $114K | $50K | $64K | $108 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $141K, expenses of $134K, and assets of $121K (revenue +31.0% year-over-year).
- 2022: Revenue of $107K, expenses of $101K, and assets of $103K (revenue -22.4% year-over-year).
- 2021: Revenue of $138K, expenses of $88K, and assets of $97K (revenue +62.6% year-over-year).
- 2020: Revenue of $85K, expenses of $93K, and assets of $47K (revenue +4.3% year-over-year).
- 2019: Revenue of $82K, expenses of $91K, and assets of $54K (revenue -28.6% year-over-year).
- 2018: Revenue of $114K, expenses of $50K, and assets of $64K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Privateer Sailing Education Foundation:
Data Sources and Methodology
This transparency report for Privateer Sailing Education Foundation 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.