Is Stony Brook Yacht Club Inc Legit?

Quick charity verification for Stony Brook Yacht Club Inc (EIN: 111374565)

Verdict: Stony Brook Yacht Club Inc appears trustworthy

70/100Mission Score

$2.4MRevenue

$3.3MAssets

2Red Flags

4Strengths

Red Flags

Significant increase in liabilities from $540,999 in 2021 to $2,075,536 in 2023, which could indicate substantial debt or capital projects.
Lack of detailed expense categorization in the provided data limits full assessment of spending efficiency.

Strengths

Consistent operational balance, with revenues generally covering expenses.
Zero officer compensation reported across all filings, indicating a volunteer-led organization.
Consistent filing of IRS Form 990s, demonstrating a commitment to transparency.
Steady growth in assets over the past decade, from $1,345,011 in 2015 to $3,382,718 in 2023.

Spending Breakdown

How Stony Brook Yacht Club Inc 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 Stony Brook Yacht Club Inc

Is Stony Brook Yacht Club Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Stony Brook Yacht Club Inc (EIN: 111374565) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 4 strengths noted.

Is Stony Brook Yacht Club Inc a good charity to donate to?

Stony Brook Yacht Club Inc has a Mission Score of 70/100. Revenue: $2.4M. Assets: $3.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Stony Brook Yacht Club Inc?

The Employer Identification Number (EIN) for Stony Brook Yacht Club Inc is 111374565. 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 Stony Brook Yacht Club Inc spend its money?

Stony Brook Yacht Club Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Stony Brook Yacht Club Inc's tax-exempt status?

You can verify Stony Brook Yacht Club Inc's tax-exempt status using EIN 111374565 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

Stony Brook Yacht Club Inc. demonstrates consistent financial activity, with revenues and expenses generally in close alignment over the past decade. For instance, in 2023, the organization reported revenues of $2,022,877 against expenses of $2,020,704, indicating a near break-even operation. While the organization's assets have grown significantly from $1,345,011 in 2015 to $3,382,718 in 2023, its liabilities have also increased substantially, from $296,976 in 2015 to $2,075,536 in 2023. This growth in liabilities, particularly the jump from $540,999 in 2021 to over $2 million in subsequent years, warrants closer examination to understand the nature of these obligations.

The organization's financial health appears stable in terms of operational balance, but the increasing debt load relative to assets suggests a reliance on financing. The consistent reporting of 0% officer compensation across all available filings indicates a volunteer-led executive structure, which is a positive sign for resource allocation. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, it is challenging to fully assess spending efficiency and program focus. The NTEE code N67Z (Yacht Clubs, Sailing Clubs, Boating Clubs) suggests a recreational focus, and the financial data reflects an organization maintaining its operations rather than accumulating significant surpluses for future expansion or extensive programming beyond its core activities.

Transparency is moderate. The consistent filing of IRS Form 990s is good, and the zero officer compensation is a clear positive. However, the lack of detailed expense categorization in the provided data limits a deeper analysis of how funds are allocated across different functions. A more granular view of expenses would enhance understanding of its operational efficiency and how effectively it is serving its stated purpose.

View Full Transparency Report →

Disclaimer

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