Salt Pond Corporation C/O Barings Llc
Salt Pond Corporation reports zero revenue and assets in its latest filing, following years of significant financial activity.
EIN: 201284549 · Hartford, CT · Updated: 2026-03-28
Is Salt Pond Corporation C/O Barings Llc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Salt Pond Corporation C/O Barings Llc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Salt Pond Corporation C/O Barings Llc
Salt Pond Corporation C/O Barings Llc (EIN: 201284549) is a nonprofit organization based in Hartford, CT. 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 Salt Pond Corporation C/O Barings Llc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Salt Pond Corporation C/O Barings Llc is a mid-size nonprofit, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of 31.6%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.3M |
| Total Expenses | $293K |
| Surplus / Deficit | +$5.0M |
| Total Assets | $158K |
| Total Liabilities | $13K |
| Net Assets | $145K |
| Operating Margin | 94.4% |
| Debt-to-Asset Ratio | 8.0% |
| Months of Reserves | 6.5 months |
Financial Health Grade: A
In 2015, Salt Pond Corporation C/O Barings Llc reported a surplus of $5.0M with revenue exceeding expenses, holds 6.5 months of operating reserves (strong position), has a debt-to-asset ratio of 8.0% (very low leverage).
Financial Trends
Over 5 years of filings (2011–2015), Salt Pond Corporation C/O Barings Llc's revenue has grown at a compound annual growth rate (CAGR) of 31.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | +79.6% | -71.4% | -99.5% |
| 2014 | +5.9% | -3.1% | +7.7% |
| 2013 | -2.5% | +10.8% | +2.6% |
| 2012 | +61.7% | — | +9.0% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Salt Pond Corporation C/O Barings Llc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Salt Pond Corporation C/O Barings Llc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.0%.
Executive Compensation Analysis
No officer compensation has been reported across any of the available filings, suggesting either a volunteer-led organization or that executive compensation is managed and reported through a different structure or entity.
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 Salt Pond Corporation C/O Barings Llc's IRS 990 filings:
- Latest filing shows $0 revenue and assets, indicating potential inactivity or significant operational change.
- Unknown NTEE code limits understanding of mission and programmatic focus.
- Significant fluctuations in revenue and expenses year-over-year without clear explanation.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data.
Strengths
The following positive indicators were identified for Salt Pond Corporation C/O Barings Llc:
- Consistent filing of IRS Form 990s, demonstrating compliance.
- No reported officer compensation, which could indicate efficient use of funds if operations are volunteer-driven.
Frequently Asked Questions about Salt Pond Corporation C/O Barings Llc
Is Salt Pond Corporation C/O Barings Llc a legitimate charity?
Based on AI analysis of IRS 990 filings, Salt Pond Corporation C/O Barings Llc (EIN: 201284549) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Salt Pond Corporation C/O Barings Llc spend its money?
Salt Pond Corporation C/O Barings Llc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Salt Pond Corporation C/O Barings Llc tax-deductible?
Salt Pond Corporation C/O Barings Llc is registered as a tax-exempt nonprofit (EIN: 201284549). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the current operational status of Salt Pond Corporation, given its latest filing of $0 revenue and assets?
The latest filing indicates a significant change in operations, potentially dormancy or dissolution, as both revenue and assets are reported as zero. Further investigation into the organization's current activities would be necessary.
What is the NTEE code for Salt Pond Corporation, and what are its primary programmatic activities?
The NTEE code is currently unknown, which makes it difficult to determine the organization's specific mission and primary programmatic activities from the provided data.
How does Salt Pond Corporation manage its expenses, particularly given the wide fluctuations in reported expenses relative to revenue across different years?
Expense management appears inconsistent, with expenses ranging from $0 in 2011 to over $1 million in 2013 and 2014, against varying revenue levels. Without a detailed breakdown, it's challenging to assess efficiency.
Filing History
IRS 990 filing history for Salt Pond Corporation C/O Barings Llc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Salt Pond Corporation C/O Barings Llc's revenue has grown by 199.9%, moving from $1.8M to $5.3M. Total assets decreased by 99.5% over the same period, from $28.7M to $158K. In its most recent filing year (2015), Salt Pond Corporation C/O Barings Llc reported a surplus of $5.0M, with revenue exceeding expenses. The organization holds $13K in liabilities against $158K in assets (debt-to-asset ratio: 8.0%), resulting in net assets of $145K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $5.3M | $293K | $158K | $13K | — | View 990 |
| 2014 | $2.9M | $1.0M | $34.6M | $356K | — | View 990 |
| 2013 | $2.8M | $1.1M | $32.1M | $374K | — | View 990 |
| 2012 | $2.8M | $956K | $31.3M | $396K | — | View 990 |
| 2011 | $1.8M | $0 | $28.7M | $208K | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $5.3M, expenses of $293K, and assets of $158K (revenue +79.6% year-over-year).
- 2014: Revenue of $2.9M, expenses of $1.0M, and assets of $34.6M (revenue +5.9% year-over-year).
- 2013: Revenue of $2.8M, expenses of $1.1M, and assets of $32.1M (revenue -2.5% year-over-year).
- 2012: Revenue of $2.8M, expenses of $956K, and assets of $31.3M (revenue +61.7% year-over-year).
- 2011: Revenue of $1.8M, expenses of $0, and assets of $28.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Salt Pond Corporation C/O Barings Llc:
Data Sources and Methodology
This transparency report for Salt Pond Corporation C/O Barings Llc 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.