South Norwalk Boat Club Educationalfoundation Inc
South Norwalk Boat Club Educationalfoundation Inc maintains stable finances with no reported officer compensation.
EIN: 204190295 · Norwalk, CT · NTEE: B99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $92K |
| Total Expenses | $24K |
| Program Spending | 90% |
| Net Assets | $240K |
| Transparency Score | 85/100 |
Is South Norwalk Boat Club Educationalfoundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
South Norwalk Boat Club Educationalfoundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About South Norwalk Boat Club Educationalfoundation Inc
South Norwalk Boat Club Educationalfoundation Inc (EIN: 204190295) is a nonprofit organization based in Norwalk, CT, classified under NTEE code B99. The organization reported total revenue of $92K and total assets of $496K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of South Norwalk Boat Club Educationalfoundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
South Norwalk Boat Club Educationalfoundation Inc is a micro nonprofit that has been operating for 12 years, with 2 years of IRS 990 filings on record (2013–2014). Revenue has grown at a compound annual rate of -4.1%.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
| Total Revenue | $25K |
| Total Expenses | $24K |
| Surplus / Deficit | +$511 |
| Total Assets | $240K |
| Net Assets | $240K |
| Operating Margin | 2.1% |
| Months of Reserves | 119.0 months |
Financial Health Grade: A
In 2014, South Norwalk Boat Club Educationalfoundation Inc reported a surplus of $511 with revenue exceeding expenses, holds 119.0 months of operating reserves (strong position).
Financial Trends
Over 2 years of filings (2013–2014), South Norwalk Boat Club Educationalfoundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2014 | -4.1% | -6.4% | +0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
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 South Norwalk Boat Club Educationalfoundation Inc with a Mission Score of 85 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, South Norwalk Boat Club Educationalfoundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $511, with revenue exceeding expenses.
Executive Compensation Analysis
No officer compensation was reported in the 2013 and 2014 filings, indicating that executive leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for an organization of this size.
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 South Norwalk Boat Club Educationalfoundation Inc:
- No reported officer compensation, indicating strong donor value.
- Consistent positive net assets and asset growth from $239,427 to $495,990.
- Zero reported liabilities in the 2013 and 2014 filings, indicating sound financial management.
- Expenses closely track revenue in historical filings, suggesting efficient operations.
Frequently Asked Questions about South Norwalk Boat Club Educationalfoundation Inc
Is South Norwalk Boat Club Educationalfoundation Inc a legitimate charity?
South Norwalk Boat Club Educationalfoundation Inc (EIN: 204190295) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 2 years of IRS 990 filings on record. Total revenue: $92K. No red flags identified. 4 strengths noted. Financial health grade: A.
How does South Norwalk Boat Club Educationalfoundation Inc spend its money?
South Norwalk Boat Club Educationalfoundation Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to South Norwalk Boat Club Educationalfoundation Inc tax-deductible?
South Norwalk Boat Club Educationalfoundation Inc is registered as a tax-exempt nonprofit (EIN: 204190295). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of South Norwalk Boat Club Educationalfoundation Inc's spending goes to programs?
South Norwalk Boat Club Educationalfoundation Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does South Norwalk Boat Club Educationalfoundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), South Norwalk Boat Club Educationalfoundation Inc is above average for NTEE category B99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is South Norwalk Boat Club Educationalfoundation Inc located?
South Norwalk Boat Club Educationalfoundation Inc is headquartered in Norwalk, Connecticut and files with the IRS under EIN 204190295. It is classified under NTEE code B99.
How many years of IRS 990 filings does South Norwalk Boat Club Educationalfoundation Inc have?
South Norwalk Boat Club Educationalfoundation Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $92K in total revenue.
Is South Norwalk Boat Club Educationalfoundation Inc a good charity?
Based on the available IRS 990 data, the organization appears to be a good charity. It demonstrates financial stability, low overhead (implied by expenses closely matching revenue and no officer compensation), and a healthy asset base. The lack of liabilities is also a strong positive indicator.
How has the organization's revenue changed over time?
The reported revenue for 2013 was $25,765 and for 2014 was $24,711. The latest reported revenue is $91,784, indicating a significant increase in financial activity since the last detailed filing.
What is the organization's asset growth trend?
The organization's assets grew from $239,427 in 2013 to $239,938 in 2014, and further to $495,990 as per the latest available data, showing a consistent and substantial increase in its financial holdings.
Filing History
IRS 990 filing history for South Norwalk Boat Club Educationalfoundation Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2013–2014), South Norwalk Boat Club Educationalfoundation Inc's revenue has declined by 4.1%, moving from $26K to $25K. Total assets increased by 0.2% over the same period, from $239K to $240K. Total functional expenses fell by 6.4%, from $26K to $24K. In its most recent filing year (2014), South Norwalk Boat Club Educationalfoundation Inc reported a surplus of $511, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2014 | $25K | $24K | $240K | $0 | — | View 990 |
| 2013 | $26K | $26K | $239K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for South Norwalk Boat Club Educationalfoundation Inc:
Data Sources and Methodology
This transparency report for South Norwalk Boat Club Educationalfoundation 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.