Atlantic Beach Club Inc
Atlantic Beach Club Inc. maintains stable finances with consistent revenue and zero reported officer compensation.
EIN: 111693785 · Atlantic Bch, NY · NTEE: N50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.5M |
| Total Expenses | $5.2M |
| Program Spending | 85% |
| Net Assets | $6.8M |
| Transparency Score | 85/100 |
Is Atlantic Beach Club Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Atlantic Beach Club Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Atlantic Beach Club Inc
Atlantic Beach Club Inc (EIN: 111693785) is a nonprofit organization based in Atlantic Bch, NY, classified under NTEE code N50. The organization reported total revenue of $6.5M and total assets of $12.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Atlantic Beach Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Atlantic Beach Club Inc is a mid-size nonprofit that has been operating for 42 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.9M |
| Total Expenses | $5.2M |
| Surplus / Deficit | +$693K |
| Total Assets | $12.2M |
| Total Liabilities | $5.4M |
| Net Assets | $6.8M |
| Operating Margin | 11.8% |
| Debt-to-Asset Ratio | 44.0% |
| Months of Reserves | 28.3 months |
Financial Health Grade: A
In 2023, Atlantic Beach Club Inc reported a surplus of $693K with revenue exceeding expenses, holds 28.3 months of operating reserves (strong position), has a debt-to-asset ratio of 44.0% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Atlantic Beach Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.2% | +3.8% | +0.4% |
| 2022 | -3.7% | +6.0% | -1.1% |
| 2021 | +30.6% | +16.4% | +2.3% |
| 2020 | -15.3% | -10.3% | -1.8% |
| 2019 | +4.5% | +3.0% | +1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Atlantic Beach Club Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Atlantic Beach Club Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $693K, with revenue exceeding expenses.
- Debt-to-asset ratio: 44.0%.
Executive Compensation Analysis
Atlantic Beach Club Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers. This is a strong positive for financial transparency and suggests that leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which is unusual for an organization of this size but highly efficient.
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 Atlantic Beach Club Inc's IRS 990 filings:
- Lack of detailed expense breakdown beyond total expenses in provided data
- NTEE code N50 (Recreational, Leisure, and Sports Clubs) may imply limited public benefit compared to other non-profits
Strengths
The following positive indicators were identified for Atlantic Beach Club Inc:
- Consistent reporting of 0% officer compensation, indicating high efficiency in leadership compensation
- Stable and growing revenue, with latest revenue at $6,502,683
- Healthy asset growth from $4.6 million in 2014 to $12.5 million in 2023
- Consistent surplus of revenue over expenses in most years, contributing to financial stability
- Significant reduction in liabilities from a peak of $9.1 million to $5.3 million
Frequently Asked Questions about Atlantic Beach Club Inc
Is Atlantic Beach Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Atlantic Beach Club Inc (EIN: 111693785) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does Atlantic Beach Club Inc spend its money?
Atlantic Beach Club Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Atlantic Beach Club Inc tax-deductible?
Atlantic Beach Club Inc is registered as a tax-exempt nonprofit (EIN: 111693785). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Atlantic Beach Club Inc's spending goes to programs?
Atlantic Beach Club Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Atlantic Beach Club Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Atlantic Beach Club Inc is above average for NTEE category N50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Atlantic Beach Club Inc located?
Atlantic Beach Club Inc is headquartered in Atlantic Bch, New York and files with the IRS under EIN 111693785. It is classified under NTEE code N50.
How many years of IRS 990 filings does Atlantic Beach Club Inc have?
Atlantic Beach Club Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $6.5M in total revenue.
What are the specific program activities of Atlantic Beach Club Inc.?
Based on the NTEE code N50 (Recreational, Leisure, and Sports Clubs) and the financial data, the organization likely focuses on providing recreational and leisure services to its members. However, the filings do not provide specific details on these programs.
How does Atlantic Beach Club Inc. manage its liabilities, which have fluctuated significantly?
Liabilities peaked at $9.1 million in 2016 and have since decreased to $5.3 million in 2023. This reduction suggests active management and repayment of debts, contributing to improved financial health.
What is the source of the organization's revenue?
While the filings show consistent revenue, the specific sources (e.g., membership fees, event income, donations) are not detailed in the provided summary. Given the NTEE code, membership fees are likely a significant component.
Does the organization have an endowment or significant reserves?
The consistent growth in assets from $4.6 million in 2014 to over $12 million in 2023, coupled with annual surpluses, suggests the organization is building reserves, though specific endowment details are not provided.
Filing History
IRS 990 filing history for Atlantic Beach Club Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Atlantic Beach Club Inc's revenue has grown by 51.4%, moving from $3.9M to $5.9M. Total assets increased by 278.8% over the same period, from $3.2M to $12.2M. Total functional expenses rose by 31.1%, from $3.9M to $5.2M. In its most recent filing year (2023), Atlantic Beach Club Inc reported a surplus of $693K, with revenue exceeding expenses. The organization holds $5.4M in liabilities against $12.2M in assets (debt-to-asset ratio: 44.0%), resulting in net assets of $6.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.9M | $5.2M | $12.2M | $5.4M | — | View 990 |
| 2022 | $5.4M | $5.0M | $12.1M | $6.0M | — | View 990 |
| 2021 | $5.6M | $4.7M | $12.3M | $6.6M | — | View 990 |
| 2020 | $4.3M | $4.0M | $12.0M | $7.2M | — | View 990 |
| 2019 | $5.1M | $4.5M | $12.2M | $7.7M | — | View 990 |
| 2018 | $4.9M | $4.4M | $12.1M | $8.2M | — | View 990 |
| 2017 | $4.8M | $4.2M | $12.1M | $8.7M | — | View 990 |
| 2016 | $4.7M | $4.6M | $12.0M | $9.2M | — | View 990 |
| 2015 | $4.7M | $4.2M | $5.1M | $762K | — | View 990 |
| 2014 | $4.4M | $4.1M | $4.7M | $753K | — | View 990 |
| 2013 | $5.6M | $4.5M | $4.3M | $769K | — | View 990 |
| 2012 | $4.3M | $4.1M | $3.2M | $802K | — | View 990 |
| 2011 | $4.0M | $4.1M | $3.1M | $901K | — | View 990 |
| 2010 | $3.9M | $3.9M | $3.2M | $930K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.9M, expenses of $5.2M, and assets of $12.2M (revenue +8.2% year-over-year).
- 2022: Revenue of $5.4M, expenses of $5.0M, and assets of $12.1M (revenue -3.7% year-over-year).
- 2021: Revenue of $5.6M, expenses of $4.7M, and assets of $12.3M (revenue +30.6% year-over-year).
- 2020: Revenue of $4.3M, expenses of $4.0M, and assets of $12.0M (revenue -15.3% year-over-year).
- 2019: Revenue of $5.1M, expenses of $4.5M, and assets of $12.2M (revenue +4.5% year-over-year).
- 2018: Revenue of $4.9M, expenses of $4.4M, and assets of $12.1M (revenue +1.8% year-over-year).
- 2017: Revenue of $4.8M, expenses of $4.2M, and assets of $12.1M (revenue +1.6% year-over-year).
- 2016: Revenue of $4.7M, expenses of $4.6M, and assets of $12.0M (revenue +1.2% year-over-year).
- 2015: Revenue of $4.7M, expenses of $4.2M, and assets of $5.1M (revenue +5.0% year-over-year).
- 2014: Revenue of $4.4M, expenses of $4.1M, and assets of $4.7M (revenue -20.4% year-over-year).
- 2013: Revenue of $5.6M, expenses of $4.5M, and assets of $4.3M (revenue +29.9% year-over-year).
- 2012: Revenue of $4.3M, expenses of $4.1M, and assets of $3.2M (revenue +6.5% year-over-year).
- 2011: Revenue of $4.0M, expenses of $4.1M, and assets of $3.1M (revenue +3.9% year-over-year).
- 2010: Revenue of $3.9M, expenses of $3.9M, and assets of $3.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Atlantic Beach Club Inc:
Data Sources and Methodology
This transparency report for Atlantic Beach Club 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.