Stage Harbor Sailing School Inc
Stage Harbor Sailing School: Navigating Financial Waters with Fluctuating Revenue
EIN: 222689695 · Brewster, MA · Updated: 2026-04-04
About Stage Harbor Sailing School Inc
Stage Harbor Sailing School Inc (EIN: 222689695) is a nonprofit organization based in Brewster, MA. The organization reported total revenue of $334K and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Stage Harbor Sailing School Inc'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 Stage Harbor Sailing School Inc with a Mission Score of 75 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: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Stage Harbor Sailing School Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific compensation figures for executives are provided in the given data.
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 Stage Harbor Sailing School Inc's IRS 990 filings:
- Significant revenue fluctuations year-over-year, from $881,699 in 2019 to $333,520 in 2023, warrant further investigation into sustainability.
- Expenses consistently exceed revenue in recent years (e.g., 2023: revenue $261,690 vs. expenses $393,156), indicating a reliance on prior year assets or other funding sources.
Strengths
The following positive indicators were identified for Stage Harbor Sailing School Inc:
- Maintains a substantial asset base relative to its revenue, with assets consistently over $2.7 million in recent years, providing financial stability.
- Low liability figures across all years, indicating a healthy balance sheet and minimal debt burden.
Frequently Asked Questions about Stage Harbor Sailing School Inc
What does Stage Harbor Sailing School Inc do?
Stage Harbor Sailing School Inc is a nonprofit organization in the Unknown sector, located in Brewster, Massachusetts. It is classified under NTEE code Unknown.
How much revenue does Stage Harbor Sailing School Inc have?
Stage Harbor Sailing School Inc reported total revenue of $333,520. Based on 13 IRS 990 filings on record.
What are Stage Harbor Sailing School Inc's total assets?
Stage Harbor Sailing School Inc holds total assets of $2,799,775 as reported in IRS 990 filings.
Where is Stage Harbor Sailing School Inc located?
Stage Harbor Sailing School Inc is based in Brewster, Massachusetts.
What is Stage Harbor Sailing School Inc's EIN?
Stage Harbor Sailing School Inc's Employer Identification Number (EIN) is 222689695. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Stage Harbor Sailing School Inc?
Stage Harbor Sailing School Inc is classified under NTEE code Unknown (Unknown).
Is Stage Harbor Sailing School Inc a registered 501(c)(3)?
Stage Harbor Sailing School Inc appears in IRS records (EIN: 222689695). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Stage Harbor Sailing School Inc file IRS Form 990?
Yes, Stage Harbor Sailing School Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Stage Harbor Sailing School Inc's revenue in 2023?
In the 202312 filing period, Stage Harbor Sailing School Inc reported total revenue of $261,690, total expenses of $393,156, and net assets of $2,883,885.
Is Stage Harbor Sailing School Inc's revenue growing or declining?
Stage Harbor Sailing School Inc's revenue is growing. Revenue went from $224,503 (202212) to $261,690 (202312), a +16.6% change. Based on 13 filings on record.
What is Stage Harbor Sailing School Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Stage Harbor Sailing School Inc covers tax period 202312. It shows revenue of $261,690, expenses of $393,156, total assets of $2,883,885, and liabilities of $249,686.
How much does Stage Harbor Sailing School Inc spend on programs vs administration?
Based on IRS 990 analysis, Stage Harbor Sailing School Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Stage Harbor Sailing School Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Stage Harbor Sailing School Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Stage Harbor Sailing School Inc?
The following concerns were identified: Significant revenue fluctuations year-over-year, from $881,699 in 2019 to $333,520 in 2023, warrant further investigation into sustainability.. Expenses consistently exceed revenue in recent years (e.g., 2023: revenue $261,690 vs. expenses $393,156), indicating a reliance on prior year assets or other funding sources.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Stage Harbor Sailing School Inc's strengths?
Positive indicators for Stage Harbor Sailing School Inc include: Maintains a substantial asset base relative to its revenue, with assets consistently over $2.7 million in recent years, providing financial stability.. Low liability figures across all years, indicating a healthy balance sheet and minimal debt burden.. These findings are derived from AI analysis of the organization's financial filings.
How does Stage Harbor Sailing School Inc compensate executives?
Executive compensation cannot be assessed as no specific compensation figures for executives are provided in the given data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Stage Harbor Sailing School Inc?
- The organization's Form 990s are publicly available, providing a basic level of financial transparency. - Detailed program breakdowns beyond general expenses are not immediately apparent in the provided summary data. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the substantial asset base, how does Stage Harbor Sailing School plan to address the recent trend of expenses exceeding revenue to ensure long-term operational sustainability?
The provided data indicates a consistent asset base, but recent years show expenses outstripping revenue. For example, in 2023, expenses were $393,156 against revenue of $261,690. This suggests the organization is drawing on its assets or other non-revenue income, which needs a clear strategy for sustainability.
What factors contributed to the dramatic drop in revenue from $881,699 in 2019 to $261,690 in 2023, and what measures are being taken to stabilize or grow revenue streams?
The data shows a significant decline in revenue, from a high of $881,699 in 2019 to $261,690 in 2023. Understanding the specific causes (e.g., enrollment changes, grant funding shifts, economic factors) and the strategies to reverse this trend is crucial for future financial health.
Filing History
IRS 990 filing history for Stage Harbor Sailing School Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Stage Harbor Sailing School Inc's revenue has grown by 127.1%, moving from $115K to $262K. Total assets increased by 63.6% over the same period, from $1.8M to $2.9M. Total functional expenses rose by 200%, from $131K to $393K. In its most recent filing year (2023), Stage Harbor Sailing School Inc reported a deficit of $131K, with expenses exceeding revenue. The organization holds $250K in liabilities against $2.9M in assets (debt-to-asset ratio: 8.7%), resulting in net assets of $2.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $262K | $393K | $2.9M | $250K | — | — |
| 2022 | $225K | $370K | $3.0M | $271K | — | View 990 |
| 2021 | $361K | $309K | $3.2M | $300K | — | View 990 |
| 2020 | $567K | $166K | $3.1M | $263K | — | View 990 |
| 2019 | $882K | $199K | $2.5M | $8K | — | View 990 |
| 2018 | $134K | $177K | $1.8M | $15K | — | View 990 |
| 2017 | $119K | $182K | $1.8M | $10K | — | View 990 |
| 2016 | $91K | $160K | $1.8M | $5K | — | View 990 |
| 2015 | $225K | $181K | $1.9M | $129K | — | View 990 |
| 2014 | $345K | $185K | $1.8M | $5K | — | View 990 |
| 2013 | $168K | $173K | $1.7M | $230K | — | View 990 |
| 2012 | $143K | $160K | $1.7M | $246K | — | View 990 |
| 2011 | $115K | $131K | $1.8M | $433K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $262K, expenses of $393K, and assets of $2.9M (revenue +16.6% year-over-year).
- 2022: Revenue of $225K, expenses of $370K, and assets of $3.0M (revenue -37.8% year-over-year).
- 2021: Revenue of $361K, expenses of $309K, and assets of $3.2M (revenue -36.4% year-over-year).
- 2020: Revenue of $567K, expenses of $166K, and assets of $3.1M (revenue -35.7% year-over-year).
- 2019: Revenue of $882K, expenses of $199K, and assets of $2.5M (revenue +558.5% year-over-year).
- 2018: Revenue of $134K, expenses of $177K, and assets of $1.8M (revenue +12.7% year-over-year).
- 2017: Revenue of $119K, expenses of $182K, and assets of $1.8M (revenue +31.2% year-over-year).
- 2016: Revenue of $91K, expenses of $160K, and assets of $1.8M (revenue -59.7% year-over-year).
- 2015: Revenue of $225K, expenses of $181K, and assets of $1.9M (revenue -34.7% year-over-year).
- 2014: Revenue of $345K, expenses of $185K, and assets of $1.8M (revenue +105.5% year-over-year).
- 2013: Revenue of $168K, expenses of $173K, and assets of $1.7M (revenue +17.5% year-over-year).
- 2012: Revenue of $143K, expenses of $160K, and assets of $1.7M (revenue +23.8% year-over-year).
- 2011: Revenue of $115K, expenses of $131K, and assets of $1.8M.
Data Sources and Methodology
This transparency report for Stage Harbor Sailing School 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.