Seacoast Learning Collaborative Inc
Seacoast Learning Collaborative Inc shows strong asset growth and zero reported officer compensation over a decade of increasing revenue.
EIN: 21224043 · Newton, NH · NTEE: P8XZ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.1M |
| Total Expenses | $6.8M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $7 |
| Net Assets | $3.1M |
| Transparency Score | 92/100 |
Is Seacoast Learning Collaborative Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Seacoast Learning Collaborative Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Seacoast Learning Collaborative Inc
Seacoast Learning Collaborative Inc (EIN: 21224043) is a nonprofit organization based in Newton, NH, classified under NTEE code P8XZ. The organization reported total revenue of $7.1M and total assets of $5.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seacoast Learning Collaborative Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seacoast Learning Collaborative Inc is a mid-size nonprofit that has been operating for 43 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 6.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.6M |
| Total Expenses | $6.8M |
| Surplus / Deficit | $-226,886 |
| Total Assets | $4.8M |
| Total Liabilities | $1.7M |
| Net Assets | $3.1M |
| Operating Margin | -3.4% |
| Debt-to-Asset Ratio | 35.3% |
| Months of Reserves | 8.4 months |
Financial Health Grade: B
In 2023, Seacoast Learning Collaborative Inc reported a deficit of $227K with expenses exceeding revenue, holds 8.4 months of operating reserves (strong position), has a debt-to-asset ratio of 35.3% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Seacoast Learning Collaborative Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.2% | +11.2% | +14.4% |
| 2022 | +4.0% | +20.2% | -3.8% |
| 2021 | +18.6% | -16.9% | +69.0% |
| 2020 | +13.8% | +20.0% | +6.7% |
| 2019 | +10.1% | +11.9% | +28.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1983 |
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 Seacoast Learning Collaborative Inc with a Mission Score of 92 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Seacoast Learning Collaborative Inc 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $227K, with expenses exceeding revenue.
- Debt-to-asset ratio: 35.3%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries were paid to officers, directors, or trustees, which is highly unusual for an organization of this size with annual revenues exceeding $7 million. This suggests a strong commitment to directing funds towards program services rather than executive salaries.
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 Seacoast Learning Collaborative Inc's IRS 990 filings:
- Recent period (202306) showed expenses ($6,848,815) exceeding revenue ($6,621,929), resulting in a deficit.
Strengths
The following positive indicators were identified for Seacoast Learning Collaborative Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating high efficiency in directing funds to programs.
- Significant asset growth, more than doubling from $2,422,457 in 2019 to $5,113,400 currently.
- Steady increase in revenue over the past decade, from $3,928,443 in 2014 to $7,079,474 currently.
- Positive net assets, with assets consistently exceeding liabilities.
Frequently Asked Questions about Seacoast Learning Collaborative Inc
Is Seacoast Learning Collaborative Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Seacoast Learning Collaborative Inc (EIN: 21224043) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Seacoast Learning Collaborative Inc spend its money?
Seacoast Learning Collaborative Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Seacoast Learning Collaborative Inc tax-deductible?
Seacoast Learning Collaborative Inc is registered as a tax-exempt nonprofit (EIN: 21224043). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Seacoast Learning Collaborative Inc CEO make?
Seacoast Learning Collaborative Inc's highest-compensated officer earns $7 annually. The organization reported $7.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Seacoast Learning Collaborative Inc's spending goes to programs?
Seacoast Learning Collaborative Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Seacoast Learning Collaborative Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Seacoast Learning Collaborative Inc is above average for NTEE category P8XZ nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Seacoast Learning Collaborative Inc located?
Seacoast Learning Collaborative Inc is headquartered in Newton, New Hampshire and files with the IRS under EIN 21224043. It is classified under NTEE code P8XZ.
How many years of IRS 990 filings does Seacoast Learning Collaborative Inc have?
Seacoast Learning Collaborative Inc has 12 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 $7.1M in total revenue.
Is Seacoast Learning Collaborative Inc a good charity?
Based on the available IRS 990 data, Seacoast Learning Collaborative Inc appears to be a good charity. It demonstrates strong financial health with growing assets, and notably, reports 0% officer compensation across all filings, suggesting a high dedication of funds to its mission.
How has Seacoast Learning Collaborative Inc's financial health changed over time?
The organization's financial health has generally improved over time, with revenue increasing from $3,928,443 in 2014 to $7,079,474 currently, and assets growing significantly from $1,709,553 in 2014 to $5,113,400 currently.
What is the trend in Seacoast Learning Collaborative Inc's liabilities?
Liabilities have fluctuated, showing a general increase from $263,421 in 2014 to $1,699,003 in 2023, which should be monitored, though assets have grown at a faster rate.
Filing History
IRS 990 filing history for Seacoast Learning Collaborative Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Seacoast Learning Collaborative Inc's revenue has grown by 89%, moving from $3.5M to $6.6M. Total assets increased by 497.2% over the same period, from $805K to $4.8M. Total functional expenses rose by 86.1%, from $3.7M to $6.8M. In its most recent filing year (2023), Seacoast Learning Collaborative Inc reported a deficit of $227K, with expenses exceeding revenue. The organization holds $1.7M in liabilities against $4.8M in assets (debt-to-asset ratio: 35.3%), resulting in net assets of $3.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.6M | $6.8M | $4.8M | $1.7M | — | View 990 |
| 2022 | $7.0M | $6.2M | $4.2M | $868K | — | View 990 |
| 2021 | $6.7M | $5.1M | $4.4M | $1.9M | — | View 990 |
| 2020 | $5.7M | $6.2M | $2.6M | $1.7M | — | View 990 |
| 2019 | $5.0M | $5.1M | $2.4M | $999K | — | View 990 |
| 2018 | $4.5M | $4.6M | $1.9M | $291K | — | View 990 |
| 2017 | $4.1M | $4.3M | $1.9M | $245K | — | View 990 |
| 2016 | $3.7M | $3.6M | $2.1M | $283K | — | View 990 |
| 2015 | $3.8M | $3.5M | $2.1M | $396K | — | View 990 |
| 2014 | $3.9M | $3.4M | $1.7M | $263K | — | View 990 |
| 2013 | $3.7M | $3.3M | $1.1M | $201K | — | View 990 |
| 2012 | $3.5M | $3.7M | $805K | $277K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.6M, expenses of $6.8M, and assets of $4.8M (revenue -5.2% year-over-year).
- 2022: Revenue of $7.0M, expenses of $6.2M, and assets of $4.2M (revenue +4.0% year-over-year).
- 2021: Revenue of $6.7M, expenses of $5.1M, and assets of $4.4M (revenue +18.6% year-over-year).
- 2020: Revenue of $5.7M, expenses of $6.2M, and assets of $2.6M (revenue +13.8% year-over-year).
- 2019: Revenue of $5.0M, expenses of $5.1M, and assets of $2.4M (revenue +10.1% year-over-year).
- 2018: Revenue of $4.5M, expenses of $4.6M, and assets of $1.9M (revenue +11.1% year-over-year).
- 2017: Revenue of $4.1M, expenses of $4.3M, and assets of $1.9M (revenue +9.4% year-over-year).
- 2016: Revenue of $3.7M, expenses of $3.6M, and assets of $2.1M (revenue -3.0% year-over-year).
- 2015: Revenue of $3.8M, expenses of $3.5M, and assets of $2.1M (revenue -2.4% year-over-year).
- 2014: Revenue of $3.9M, expenses of $3.4M, and assets of $1.7M (revenue +5.8% year-over-year).
- 2013: Revenue of $3.7M, expenses of $3.3M, and assets of $1.1M (revenue +6.0% year-over-year).
- 2012: Revenue of $3.5M, expenses of $3.7M, and assets of $805K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seacoast Learning Collaborative Inc:
Data Sources and Methodology
This transparency report for Seacoast Learning Collaborative 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.