Seahorse Hawaii Foundation
Seahorse Hawaii Foundation reported no revenue or assets in its latest filing, with limited historical financial data.
EIN: 205592772 · Kailua Kona, HI · NTEE: C32 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $55K |
| Program Spending | 100% |
| Net Assets | $5K |
| Transparency Score | 40/100 |
Is Seahorse Hawaii Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Seahorse Hawaii Foundation directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Seahorse Hawaii Foundation
Seahorse Hawaii Foundation (EIN: 205592772) is a nonprofit organization based in Kailua Kona, HI, classified under NTEE code C32. 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 Seahorse Hawaii Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seahorse Hawaii Foundation is a micro nonprofit that has been operating for 20 years.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $59K |
| Total Expenses | $55K |
| Surplus / Deficit | +$4K |
| Total Assets | $5K |
| Net Assets | $5K |
| Operating Margin | 7.6% |
| Months of Reserves | 1.1 months |
Financial Health Grade: A
In 2018, Seahorse Hawaii Foundation reported a surplus of $4K with revenue exceeding expenses, holds 1.1 months of operating reserves (limited).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
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 Seahorse Hawaii Foundation with a Mission Score of 40 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Seahorse Hawaii Foundation allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4K, with revenue exceeding expenses.
Executive Compensation Analysis
In its 2018 filing, the organization reported 0% officer compensation, indicating that no executives or officers were paid, which is common for very small or volunteer-run organizations.
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 Seahorse Hawaii Foundation's IRS 990 filings:
- No reported revenue or assets in latest filing, suggesting inactivity.
- Only one historical IRS 990 filing available, limiting financial trend analysis.
Strengths
The following positive indicators were identified for Seahorse Hawaii Foundation:
- Reported 0% officer compensation in its active year (2018), indicating efficient use of funds for a small organization.
Frequently Asked Questions about Seahorse Hawaii Foundation
Is Seahorse Hawaii Foundation a legitimate charity?
Seahorse Hawaii Foundation (EIN: 205592772) is a registered tax-exempt nonprofit based in Hawaii. Our AI analysis gives it a Mission Score of 40/100. 2 red flags identified. 1 strength noted. Financial health grade: A.
How does Seahorse Hawaii Foundation spend its money?
Seahorse Hawaii Foundation directs 100% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Seahorse Hawaii Foundation tax-deductible?
Seahorse Hawaii Foundation is registered as a tax-exempt nonprofit (EIN: 205592772). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Seahorse Hawaii Foundation compare to similar nonprofits?
With a transparency score of 40/100 (Fair), Seahorse Hawaii Foundation is near average for NTEE category C32 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Seahorse Hawaii Foundation located?
Seahorse Hawaii Foundation is headquartered in Kailua Kona, Hawaii and files with the IRS under EIN 205592772. It is classified under NTEE code C32.
Is Seahorse Hawaii Foundation currently active?
Based on the latest available data showing $0 revenue and $0 assets, the organization appears to be inactive or dormant. Its last reported financial activity was in 2018.
What were the primary expenses in 2018?
While the 2018 filing shows $54,839 in total expenses, without a detailed breakdown, it's impossible to determine the specific categories of spending. However, with 0% officer compensation, the expenses were likely program-related or administrative overhead.
Filing History
IRS 990 filing history for Seahorse Hawaii Foundation showing financial trends over 1 year of public records:
In its most recent filing year (2018), Seahorse Hawaii Foundation reported a surplus of $4K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $59K | $55K | $5K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seahorse Hawaii Foundation:
Data Sources and Methodology
This transparency report for Seahorse Hawaii 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.