Quick charity verification for Centerboard Yacht Club (EIN: 10273431)
Verdict: Centerboard Yacht Club appears trustworthy
85/100Mission Score
$215KRevenue
$1.7MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent financial stability with assets over $1.6 million.
Significant reduction in liabilities from $655,691 in 2014 to $357,656 in 2023.
No reported officer compensation, indicating volunteer leadership and efficient use of funds.
Stable revenue and expense patterns over a decade, demonstrating predictable operations.
Consistent filing of IRS 990s, indicating good transparency.
Spending Breakdown
How Centerboard Yacht Club allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Centerboard Yacht Club
Is Centerboard Yacht Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Centerboard Yacht Club (EIN: 10273431) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
Is Centerboard Yacht Club a good charity to donate to?
Centerboard Yacht Club has a Mission Score of 85/100. Revenue: $215K. Assets: $1.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Centerboard Yacht Club?
The Employer Identification Number (EIN) for Centerboard Yacht Club is 10273431. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Centerboard Yacht Club spend its money?
Centerboard Yacht Club allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Centerboard Yacht Club's tax-exempt status?
You can verify Centerboard Yacht Club's tax-exempt status using EIN 10273431 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Centerboard Yacht Club demonstrates consistent financial stability with assets consistently over $1.6 million, reaching $1,693,854 in 2023. The organization's revenue and expenses have remained relatively stable over the past decade, with revenues typically ranging from $186,223 to $249,041 and expenses from $151,948 to $231,564. In the most recent filing (2023), the club reported revenues of $217,142 against expenses of $204,120, indicating a slight surplus. The organization's liabilities have shown a positive trend, decreasing from $655,691 in 2014 to $357,656 in 2023, which strengthens its financial position.
Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to provide a precise assessment. However, the consistent operational surpluses in most years suggest prudent financial management. The absence of reported officer compensation across all filings indicates a volunteer-driven leadership, which can contribute to lower administrative overhead and potentially higher program spending efficiency. This structure generally points towards a commitment to maximizing resources for the organization's mission.
Transparency appears to be strong given the consistent filing of IRS Form 990s over many years. The lack of reported officer compensation is a significant positive indicator for transparency and resource allocation. While specific program details are not available from the provided data, the overall financial health, stable operations, and decreasing liabilities suggest a well-managed organization. Further analysis would benefit from a detailed breakdown of expenses to fully assess program efficiency.