Sgt James S Noves Memorial Ski Race Fund
Sgt James S Noves Memorial Ski Race Fund consistently reports $1 in revenue while drawing thousands from growing assets for expenses.
EIN: 20487457 · Freedom, NH · NTEE: B82 · Updated: 2026-03-28
Is Sgt James S Noves Memorial Ski Race Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sgt James S Noves Memorial Ski Race Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sgt James S Noves Memorial Ski Race Fund
Sgt James S Noves Memorial Ski Race Fund (EIN: 20487457) is a nonprofit organization based in Freedom, NH, classified under NTEE code B82. The organization reported total revenue of $1 and total assets of $271K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sgt James S Noves Memorial Ski Race Fund'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 Sgt James S Noves Memorial Ski Race Fund with a Mission Score of 65 out of 100 (Good). 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: 90%
- fundraising: 0%
According to IRS 990 filings, Sgt James S Noves Memorial Ski Race Fund allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating a volunteer-led organization, which is highly efficient for an organization of this size and financial activity.
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 Sgt James S Noves Memorial Ski Race Fund's IRS 990 filings:
- Consistent reporting of $1 in revenue despite thousands in expenses, raising questions about financial transparency and reporting accuracy.
- Significant negative net income in most years (e.g., $1 revenue vs. $6,900 expenses in 2024) indicates reliance on asset depletion or unrecorded income to cover costs.
Strengths
The following positive indicators were identified for Sgt James S Noves Memorial Ski Race Fund:
- Zero officer compensation across all filings demonstrates a volunteer-driven model and high efficiency in leadership costs.
- Consistent growth in assets, from $98,140 in 2012 to $271,177 currently, indicates long-term financial stability and effective asset management.
- Minimal liabilities ($1 consistently) suggests a very low debt burden and strong financial health in terms of obligations.
Frequently Asked Questions about Sgt James S Noves Memorial Ski Race Fund
Is Sgt James S Noves Memorial Ski Race Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Sgt James S Noves Memorial Ski Race Fund (EIN: 20487457) some concerns. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.
How does Sgt James S Noves Memorial Ski Race Fund spend its money?
Sgt James S Noves Memorial Ski Race Fund directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sgt James S Noves Memorial Ski Race Fund tax-deductible?
Sgt James S Noves Memorial Ski Race Fund is registered as a tax-exempt nonprofit (EIN: 20487457). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the organization sustain its operations with only $1 in reported revenue for most years?
The organization consistently reports $1 in revenue, yet incurs thousands in expenses (e.g., $6,900 in 2024). This suggests it primarily funds operations by drawing from its substantial and growing asset base, which reached $271,177 currently, or through unrecorded contributions.
What are the primary sources of funding for the organization's activities?
Given the minimal reported revenue, the primary sources of funding are unclear from the provided data. It likely relies on accumulated assets, investment returns, or unrecorded direct contributions that are not reflected as revenue on the 990 filings.
What specific activities do the reported expenses support?
The NTEE code B82 suggests 'Sports, Recreational, & Leisure Activities' and the name 'Ski Race Fund' implies expenses are for supporting ski races. However, the filings do not provide a detailed breakdown of these expenses.
Filing History
IRS 990 filing history for Sgt James S Noves Memorial Ski Race Fund showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Sgt James S Noves Memorial Ski Race Fund's revenue has grown by 0%, moving from $1 to $1. Total assets increased by 147.5% over the same period, from $98K to $243K. Total functional expenses rose by 181.6%, from $2K to $7K. In its most recent filing year (2024), Sgt James S Noves Memorial Ski Race Fund reported a deficit of $7K, with expenses exceeding revenue. The organization holds $1 in liabilities against $243K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $243K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $1 | $7K | $243K | $1 | — | — |
| 2023 | $1 | $7K | $205K | $1 | — | View 990 |
| 2022 | $1 | $7K | $179K | $1 | — | — |
| 2021 | $1 | $6K | $235K | $1 | — | View 990 |
| 2020 | $1 | $5K | $175K | $1 | — | — |
| 2016 | $1 | $6K | $126K | $1 | — | View 990 |
| 2015 | $110 | $3K | $131K | $1 | — | View 990 |
| 2014 | $1 | $2K | $129K | $1 | — | View 990 |
| 2013 | $139 | $1K | $111K | $1 | — | View 990 |
| 2012 | $1 | $2K | $98K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1, expenses of $7K, and assets of $243K (revenue +0.0% year-over-year).
- 2023: Revenue of $1, expenses of $7K, and assets of $205K (revenue +0.0% year-over-year).
- 2022: Revenue of $1, expenses of $7K, and assets of $179K (revenue +0.0% year-over-year).
- 2021: Revenue of $1, expenses of $6K, and assets of $235K (revenue +0.0% year-over-year).
- 2020: Revenue of $1, expenses of $5K, and assets of $175K (revenue +0.0% year-over-year).
- 2016: Revenue of $1, expenses of $6K, and assets of $126K (revenue -99.1% year-over-year).
- 2015: Revenue of $110, expenses of $3K, and assets of $131K (revenue +10900.0% year-over-year).
- 2014: Revenue of $1, expenses of $2K, and assets of $129K (revenue -99.3% year-over-year).
- 2013: Revenue of $139, expenses of $1K, and assets of $111K (revenue +13800.0% year-over-year).
- 2012: Revenue of $1, expenses of $2K, and assets of $98K.
Data Sources and Methodology
This transparency report for Sgt James S Noves Memorial Ski Race Fund 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.