Sea Star Waldorf School Initiative
Sea Star Waldorf School Initiative shows consistent revenue growth and asset accumulation with no reported officer compensation.
EIN: 208071656 · Boca Raton, FL · NTEE: B90 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $1.4M |
| Program Spending | 85% |
| Net Assets | $712K |
| Transparency Score | 90/100 |
Is Sea Star Waldorf School Initiative Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sea Star Waldorf School Initiative directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sea Star Waldorf School Initiative
Sea Star Waldorf School Initiative (EIN: 208071656) is a nonprofit organization based in Boca Raton, FL, classified under NTEE code B90. The organization reported total revenue of $2.2M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sea Star Waldorf School Initiative's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sea Star Waldorf School Initiative is a mid-size nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 19.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $1.4M |
| Surplus / Deficit | +$537K |
| Total Assets | $978K |
| Total Liabilities | $266K |
| Net Assets | $712K |
| Operating Margin | 28.0% |
| Debt-to-Asset Ratio | 27.2% |
| Months of Reserves | 8.5 months |
Financial Health Grade: A
In 2023, Sea Star Waldorf School Initiative reported a surplus of $537K with revenue exceeding expenses, holds 8.5 months of operating reserves (strong position), has a debt-to-asset ratio of 27.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Sea Star Waldorf School Initiative's revenue has grown at a compound annual growth rate (CAGR) of 19.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +78.2% | +66.5% | +109.3% |
| 2022 | +153.6% | +62.9% | +15.6% |
| 2021 | -60.5% | -46.8% | +62.9% |
| 2020 | -5.5% | -12.7% | +94.3% |
| 2019 | +20.5% | +2.7% | +101.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2009 |
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 Sea Star Waldorf School Initiative with a Mission Score of 90 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, Sea Star Waldorf School Initiative 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $537K, with revenue exceeding expenses.
- Debt-to-asset ratio: 27.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries were paid to officers, which is highly favorable for directing funds towards its mission.
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 Sea Star Waldorf School Initiative:
- Consistent and significant revenue growth, from $418,558 in 201406 to $1,916,497 in 202306.
- Healthy accumulation of assets, reaching $977,658 in 202306 from $38,030 in 201406.
- 0% reported officer compensation across all filings, indicating efficient use of funds for mission.
- Positive net income/surplus in most recent periods, allowing for asset building (e.g., $1,916,497 revenue vs. $1,379,021 expenses in 202306).
- Long history of IRS 990 filings (13 filings), demonstrating transparency and compliance.
Frequently Asked Questions about Sea Star Waldorf School Initiative
Is Sea Star Waldorf School Initiative a legitimate charity?
Sea Star Waldorf School Initiative (EIN: 208071656) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.2M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Sea Star Waldorf School Initiative spend its money?
Sea Star Waldorf School Initiative directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Sea Star Waldorf School Initiative tax-deductible?
Sea Star Waldorf School Initiative is registered as a tax-exempt nonprofit (EIN: 208071656). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Sea Star Waldorf School Initiative's spending goes to programs?
Sea Star Waldorf School Initiative directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Sea Star Waldorf School Initiative compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Sea Star Waldorf School Initiative is above average for NTEE category B90 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sea Star Waldorf School Initiative located?
Sea Star Waldorf School Initiative is headquartered in Boca Raton, Florida and files with the IRS under EIN 208071656. It is classified under NTEE code B90.
How many years of IRS 990 filings does Sea Star Waldorf School Initiative have?
Sea Star Waldorf School Initiative has 13 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 $2.2M in total revenue.
Is Sea Star Waldorf School Initiative financially stable?
Yes, the organization appears financially stable, demonstrating consistent revenue growth from $418,558 in 201406 to $1,916,497 in 202306, and a healthy increase in assets to $977,658 in 202306.
How has the organization's asset base changed over time?
The organization's assets have grown significantly, from $38,030 in 201406 to $977,658 in 202306, indicating strong financial management and accumulation of resources.
Does the organization pay its officers?
Based on the provided data, the organization consistently reports 0% officer compensation across all 13 filings, suggesting no salaries were paid to officers.
What is the trend in the organization's revenue and expenses?
Revenue has shown a strong upward trend, particularly in recent years, while expenses have generally remained below revenue, leading to surpluses and asset growth. For example, in 202306, revenue was $1,916,497 and expenses were $1,379,021.
Filing History
IRS 990 filing history for Sea Star Waldorf School Initiative showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sea Star Waldorf School Initiative's revenue has grown by 736.3%, moving from $229K to $1.9M. Total assets increased by 2014.4% over the same period, from $46K to $978K. Total functional expenses rose by 473.1%, from $241K to $1.4M. In its most recent filing year (2023), Sea Star Waldorf School Initiative reported a surplus of $537K, with revenue exceeding expenses. The organization holds $266K in liabilities against $978K in assets (debt-to-asset ratio: 27.2%), resulting in net assets of $712K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $1.4M | $978K | $266K | — | View 990 |
| 2022 | $1.1M | $828K | $467K | $293K | — | View 990 |
| 2021 | $424K | $508K | $404K | $477K | — | View 990 |
| 2020 | $1.1M | $956K | $248K | $120K | — | View 990 |
| 2019 | $1.1M | $1.1M | $128K | $119K | — | View 990 |
| 2018 | $944K | $1.1M | $63K | $97K | — | View 990 |
| 2017 | $976K | $950K | $107K | $19K | — | View 990 |
| 2016 | $741K | $789K | $78K | $16K | — | View 990 |
| 2015 | $596K | $509K | $126K | $16K | — | View 990 |
| 2014 | $419K | $408K | $38K | $15K | — | View 990 |
| 2013 | $408K | $450K | $34K | $22K | — | View 990 |
| 2012 | $292K | $284K | $54K | $0 | — | View 990 |
| 2011 | $229K | $241K | $46K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $1.4M, and assets of $978K (revenue +78.2% year-over-year).
- 2022: Revenue of $1.1M, expenses of $828K, and assets of $467K (revenue +153.6% year-over-year).
- 2021: Revenue of $424K, expenses of $508K, and assets of $404K (revenue -60.5% year-over-year).
- 2020: Revenue of $1.1M, expenses of $956K, and assets of $248K (revenue -5.5% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.1M, and assets of $128K (revenue +20.5% year-over-year).
- 2018: Revenue of $944K, expenses of $1.1M, and assets of $63K (revenue -3.3% year-over-year).
- 2017: Revenue of $976K, expenses of $950K, and assets of $107K (revenue +31.8% year-over-year).
- 2016: Revenue of $741K, expenses of $789K, and assets of $78K (revenue +24.2% year-over-year).
- 2015: Revenue of $596K, expenses of $509K, and assets of $126K (revenue +42.5% year-over-year).
- 2014: Revenue of $419K, expenses of $408K, and assets of $38K (revenue +2.5% year-over-year).
- 2013: Revenue of $408K, expenses of $450K, and assets of $34K (revenue +40.0% year-over-year).
- 2012: Revenue of $292K, expenses of $284K, and assets of $54K (revenue +27.3% year-over-year).
- 2011: Revenue of $229K, expenses of $241K, and assets of $46K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sea Star Waldorf School Initiative:
Data Sources and Methodology
This transparency report for Sea Star Waldorf School Initiative 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.