Friends of Odyssey
Nonprofit profile at a glance
- EIN
- 874201554
- IRS 990-EZ coverage
- 2023–2024
- Forms available
- Form 990 2022, Form 990-EZ 2024, Form 990-N 2021
- Location
- Tacoma, WA, USA
- Phone
- 2532297104
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Boy Scouts of America
Reported finances
- Revenue
- $5,241
- Expenses
- $20,836
- Assets
- $140,537
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Eric Kiesel (Board President)
- vacant (Board Vice President)
People named in this filing
- Eric Kiesel (Board President)
- vacant (Board Vice President)
- Margaret Mason (Board Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Maintain the sailing vessel Odyssey 2 and allow for use as a training vessel by South Puget Sound youth organizations, such as the Sea Scouts, in order to facilitate youth leadership, seamanship and responsibility through the exciting adventure of sailing. To maintain the Sea Scout Ship Odyssey 2 so that it may be used to recruit new generations of scouts, captains and volunteers to preserve the Odyssey legacy for generations to come.
What it reported doing in 2024
Acquired a new sailing vessel for the Sea Scouts Ship 190 organization to use in a training capacity. Line 4 includes incidental costs of maintaining the vessel: licensing and taxes, one annum of liability insurance, moorage fees.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of total spending goes to programs and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 82
- Sustainability: 42
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 54.1%; rating input score 54
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -297.6%; rating input score 4; 4th percentile among comparable filings
- Total-asset coverage ratio: 6.74; rating input score 88; 88th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 200% per year; rating input score 100; 100th percentile among comparable filings
- Revenue growth: -138.7% per year; rating input score 0; 1st percentile among comparable filings
- Asset growth: -34.4% per year; rating input score 0; 6th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 54.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $11K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Program expense ratio scored 54/100.
- High — Sustainability: Operating margin scored 4/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.