Is Sea Cliff Yacht Club Ltd Legit?

Quick charity verification for Sea Cliff Yacht Club Ltd (EIN: 111520517)

Verdict: Sea Cliff Yacht Club Ltd shows mixed signals

65/100Mission Score

$3.1MRevenue

$686KAssets

3Red Flags

3Strengths

Red Flags

Liabilities consistently exceed assets in recent years, indicating potential financial strain or significant debt.
Significant fluctuations in asset values over the years without clear explanation in the summary data (e.g., drop from $2.4M in 2016 to $313K in 2018).
NTEE code is unknown, which limits the ability to benchmark against similar organizations and understand its primary purpose from a regulatory perspective.

Strengths

Consistent revenue generation, with latest revenue at $2,576,476 in 2023.
0% reported officer compensation across all filings, suggesting volunteer leadership or efficient compensation structures.
Consistent filing of IRS Form 990, indicating transparency in financial reporting.

Spending Breakdown

How Sea Cliff Yacht Club Ltd allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

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 Sea Cliff Yacht Club Ltd

Is Sea Cliff Yacht Club Ltd a legitimate charity?

Based on AI analysis of IRS 990 filings, Sea Cliff Yacht Club Ltd (EIN: 111520517) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.

Is Sea Cliff Yacht Club Ltd a good charity to donate to?

Sea Cliff Yacht Club Ltd has a Mission Score of 65/100. Revenue: $3.1M. Assets: $686K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Sea Cliff Yacht Club Ltd?

The Employer Identification Number (EIN) for Sea Cliff Yacht Club Ltd is 111520517. 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 Sea Cliff Yacht Club Ltd spend its money?

Sea Cliff Yacht Club Ltd allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Sea Cliff Yacht Club Ltd's tax-exempt status?

You can verify Sea Cliff Yacht Club Ltd's tax-exempt status using EIN 111520517 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

Sea Cliff Yacht Club Ltd, as a social club (NTEE code unknown, but implied by name), operates with a financial structure typical of member-based organizations. The organization has shown fluctuating financial performance over the past decade. For instance, in 2023, it reported revenues of $2,576,476 against expenses of $2,235,522, indicating a surplus. However, previous years like 2022 and 2021 showed slight deficits, with expenses exceeding revenues. The organization's assets have also varied significantly, from a high of $2,472,633 in 2014 to a low of $310,536 in 2019, before recovering to $718,338 in 2023. Liabilities have consistently been higher than assets in recent years, reaching $1,177,851 in 2023, which could indicate reliance on debt or member contributions that are recorded as liabilities.

Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not explicitly provided in the summary data for a social club. However, the consistent reporting of 0% officer compensation across all filings suggests that executive leadership is likely volunteer-based or compensated through other means not categorized as officer compensation, which can be a positive indicator of cost control. The organization's transparency is generally good through its consistent 990 filings, but the lack of NTEE code and detailed expense categorization limits a deeper analysis of its operational efficiency from a typical nonprofit perspective.

Overall, Sea Cliff Yacht Club Ltd appears to be a stable social club managing its finances, albeit with some fluctuations in revenue and asset levels. Its financial health is supported by consistent revenue generation, but the high liabilities relative to assets warrant attention. The absence of reported officer compensation is a notable characteristic, suggesting a lean operational structure at the leadership level.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.