Riviera Beach Maritime Academy
Riviera Beach Maritime Academy reports $0 revenue and assets in its latest filing, indicating potential cessation of operations.
EIN: 204325983 · Riviera Beach, FL · Updated: 2026-03-28
Is Riviera Beach Maritime Academy Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Riviera Beach Maritime Academy directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Riviera Beach Maritime Academy
Riviera Beach Maritime Academy (EIN: 204325983) is a nonprofit organization based in Riviera Beach, FL. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Riviera Beach Maritime Academy'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 Riviera Beach Maritime Academy with a Mission Score of 30 out of 100 (Poor). 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, Riviera Beach Maritime Academy 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.
Executive Compensation Analysis
Officer compensation was consistently reported as 0% across all available filings, suggesting that executive leadership may have been volunteer-based or compensated through other means not categorized as officer compensation in the summary data.
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 Riviera Beach Maritime Academy's IRS 990 filings:
- Latest filing shows $0 revenue and assets, indicating potential cessation of operations.
- High liabilities relative to assets in 2016 ($622,955 liabilities vs. $332,711 assets).
- Very tight operating margins historically, with expenses consistently close to revenue, leaving little for reserves.
Strengths
The following positive indicators were identified for Riviera Beach Maritime Academy:
- Historically, the organization demonstrated a commitment to its mission by spending a high percentage of its budget on programs, as implied by the tight margins and 0% officer compensation.
Frequently Asked Questions about Riviera Beach Maritime Academy
Is Riviera Beach Maritime Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Riviera Beach Maritime Academy (EIN: 204325983) significant concerns. Mission Score: 30/100. 3 red flags identified, 1 strength noted.
How does Riviera Beach Maritime Academy spend its money?
Riviera Beach Maritime Academy directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Riviera Beach Maritime Academy tax-deductible?
Riviera Beach Maritime Academy is registered as a tax-exempt nonprofit (EIN: 204325983). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Riviera Beach Maritime Academy currently operational?
Based on the latest filing showing $0 in revenue and assets, it is highly unlikely that Riviera Beach Maritime Academy is currently operational.
What caused the significant increase in liabilities in 2016?
In 2016, liabilities jumped to $622,955 from $69,840 in 2015, exceeding assets. The provided data does not specify the cause, but this indicates a substantial increase in debt or financial obligations.
How did the organization manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that executive roles might have been filled by volunteers, or compensation was structured in a way not captured under 'Officer Comp' in the summary data, such as through a management company.
Filing History
IRS 990 filing history for Riviera Beach Maritime Academy showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2016), Riviera Beach Maritime Academy's revenue has grown by 25.7%, moving from $1.4M to $1.7M. Total assets increased by 9.3% over the same period, from $304K to $333K. Total functional expenses rose by 25.2%, from $1.4M to $1.7M. In its most recent filing year (2016), Riviera Beach Maritime Academy reported a surplus of $7K, with revenue exceeding expenses. The organization holds $623K in liabilities against $333K in assets (debt-to-asset ratio: 187.2%), resulting in net assets of $-290,244.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2016 | $1.7M | $1.7M | $333K | $623K | — | — |
| 2015 | $1.7M | $1.7M | $192K | $70K | — | View 990 |
| 2014 | $1.6M | $1.5M | $155K | $50K | — | View 990 |
| 2013 | $1.5M | $1.5M | $207K | $140K | — | View 990 |
| 2012 | $1.4M | $1.4M | $184K | $125K | — | View 990 |
| 2011 | $1.4M | $1.4M | $304K | $248K | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $1.7M, expenses of $1.7M, and assets of $333K (revenue +3.2% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.7M, and assets of $192K (revenue +7.1% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.5M, and assets of $155K (revenue +6.5% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.5M, and assets of $207K (revenue +8.5% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.4M, and assets of $184K (revenue -1.5% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.4M, and assets of $304K.
Data Sources and Methodology
This transparency report for Riviera Beach Maritime Academy 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.