Southern Sailing Foundation At New Orleans
EIN: 726187298 · New Orleans, LA · NTEE: T22Z
| Metric | Value |
|---|---|
| Total Revenue | $5K |
| Total Expenses | $932 |
| Net Assets | $101K |
Is Southern Sailing Foundation At New Orleans Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Southern Sailing Foundation At New Orleans
Southern Sailing Foundation At New Orleans (EIN: 726187298) is a nonprofit organization based in New Orleans, LA, classified under NTEE code T22Z. The organization reported total revenue of $5K and total assets of $113K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southern Sailing Foundation At New Orleans's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Southern Sailing Foundation At New Orleans is a micro nonprofit that has been operating for 28 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2K |
| Total Expenses | $932 |
| Surplus / Deficit | +$1K |
| Total Assets | $101K |
| Total Liabilities | $1 |
| Net Assets | $101K |
| Operating Margin | 57.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 1306.5 months |
Financial Health Grade: A
In 2023, Southern Sailing Foundation At New Orleans reported a surplus of $1K with revenue exceeding expenses, holds 1306.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Southern Sailing Foundation At New Orleans's revenue has declined at a compound annual growth rate (CAGR) of -6.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +102.1% | -94.8% | +6.3% |
| 2022 | -91.1% | +37.7% | -14.9% |
| 2021 | +425.0% | +1006.3% | -0.5% |
| 2020 | +23.8% | -77.4% | +1.5% |
| 2019 | -64.2% | +74.5% | -2.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Southern Sailing Foundation At New Orleans has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Southern Sailing Foundation At New Orleans with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Southern Sailing Foundation At New Orleans
Is Southern Sailing Foundation At New Orleans a legitimate charity?
Based on AI analysis of IRS 990 filings, Southern Sailing Foundation At New Orleans (EIN: 726187298) insufficient data. 0 red flags identified, 0 strengths noted.
How does Southern Sailing Foundation At New Orleans spend its money?
Detailed spending breakdown data is not yet available for Southern Sailing Foundation At New Orleans. Check back for updated IRS 990 analysis.
Are donations to Southern Sailing Foundation At New Orleans tax-deductible?
Southern Sailing Foundation At New Orleans is registered as a tax-exempt nonprofit (EIN: 726187298). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Southern Sailing Foundation At New Orleans located?
Southern Sailing Foundation At New Orleans is headquartered in New Orleans, Louisiana and files with the IRS under EIN 726187298. It is classified under NTEE code T22Z.
How many years of IRS 990 filings does Southern Sailing Foundation At New Orleans have?
Southern Sailing Foundation At New Orleans has 10 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 $5K in total revenue.
Filing History
IRS 990 filing history for Southern Sailing Foundation At New Orleans showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Southern Sailing Foundation At New Orleans's revenue has declined by 56.3%, moving from $5K to $2K. Total assets decreased by 5.1% over the same period, from $107K to $101K. Total functional expenses fell by 74.4%, from $4K to $932. In its most recent filing year (2023), Southern Sailing Foundation At New Orleans reported a surplus of $1K, with revenue exceeding expenses. The organization holds $1 in liabilities against $101K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $101K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2K | $932 | $101K | $1 | — | — |
| 2022 | $1K | $18K | $95K | $1 | — | View 990 |
| 2021 | $12K | $13K | $112K | $1 | — | — |
| 2020 | $2K | $1K | $113K | $1 | — | — |
| 2019 | $2K | $5K | $111K | $0 | — | View 990 |
| 2015 | $5K | $3K | $113K | $0 | — | View 990 |
| 2014 | $5K | $5K | $111K | $0 | — | View 990 |
| 2013 | $6K | $6K | $111K | $0 | — | View 990 |
| 2012 | $6K | $4K | $112K | $375 | — | View 990 |
| 2011 | $5K | $4K | $107K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2K, expenses of $932, and assets of $101K (revenue +102.1% year-over-year).
- 2022: Revenue of $1K, expenses of $18K, and assets of $95K (revenue -91.1% year-over-year).
- 2021: Revenue of $12K, expenses of $13K, and assets of $112K (revenue +425.0% year-over-year).
- 2020: Revenue of $2K, expenses of $1K, and assets of $113K (revenue +23.8% year-over-year).
- 2019: Revenue of $2K, expenses of $5K, and assets of $111K (revenue -64.2% year-over-year).
- 2015: Revenue of $5K, expenses of $3K, and assets of $113K (revenue -1.3% year-over-year).
- 2014: Revenue of $5K, expenses of $5K, and assets of $111K (revenue -8.3% year-over-year).
- 2013: Revenue of $6K, expenses of $6K, and assets of $111K (revenue -2.7% year-over-year).
- 2012: Revenue of $6K, expenses of $4K, and assets of $112K (revenue +18.9% year-over-year).
- 2011: Revenue of $5K, expenses of $4K, and assets of $107K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Southern Sailing Foundation At New Orleans:
Data Sources and Methodology
This transparency report for Southern Sailing Foundation At New Orleans 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.