Bay Head Yacht Club Welfare Fund
Bay Head Yacht Club Welfare Fund shows consistent asset growth and no executive compensation.
EIN: 216015512 · Bay Head, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $227K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $3.5 |
| Net Assets | $3.6M |
| Transparency Score | 85/100 |
Is Bay Head Yacht Club Welfare Fund Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bay Head Yacht Club Welfare Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bay Head Yacht Club Welfare Fund
Bay Head Yacht Club Welfare Fund (EIN: 216015512) is a nonprofit organization based in Bay Head, NJ. The organization reported total revenue of $1.1M and total assets of $4.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bay Head Yacht Club Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bay Head Yacht Club Welfare Fund is a mid-size nonprofit that has been operating for 75 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $277K |
| Total Expenses | $227K |
| Surplus / Deficit | +$51K |
| Total Assets | $3.6M |
| Total Liabilities | $5K |
| Net Assets | $3.6M |
| Operating Margin | 18.2% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 190.1 months |
Financial Health Grade: A
In 2023, Bay Head Yacht Club Welfare Fund reported a surplus of $51K with revenue exceeding expenses, holds 190.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bay Head Yacht Club Welfare Fund's revenue has grown at a compound annual growth rate (CAGR) of 7.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +53.0% | +10.6% | +10.4% |
| 2022 | -42.9% | -9.1% | -14.1% |
| 2021 | +7.6% | +63.6% | +21.3% |
| 2020 | -31.4% | +6.3% | +9.9% |
| 2019 | +420.8% | +6.1% | +4.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1951 |
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 Bay Head Yacht Club Welfare Fund 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: 90%
- fundraising: 0%
According to IRS 990 filings, Bay Head Yacht Club Welfare Fund allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $51K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating a volunteer-led organization, which is highly favorable for resource allocation given its asset base of over $3.5 million.
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.
Strengths
The following positive indicators were identified for Bay Head Yacht Club Welfare Fund:
- Consistent asset growth, from $2,320,155 in 2015 to $3,593,855 in 2023.
- 0% officer compensation reported across all filings, indicating volunteer leadership.
- Generally positive net revenue, contributing to financial stability.
- Low liabilities relative to assets, suggesting sound financial management.
Frequently Asked Questions about Bay Head Yacht Club Welfare Fund
Is Bay Head Yacht Club Welfare Fund a legitimate charity?
Bay Head Yacht Club Welfare Fund (EIN: 216015512) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.1M. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Bay Head Yacht Club Welfare Fund spend its money?
Bay Head Yacht Club Welfare Fund directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Bay Head Yacht Club Welfare Fund tax-deductible?
Bay Head Yacht Club Welfare Fund is registered as a tax-exempt nonprofit (EIN: 216015512). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Bay Head Yacht Club Welfare Fund CEO make?
Bay Head Yacht Club Welfare Fund's highest-compensated officer earns $3.5 annually. The organization reported $1.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Bay Head Yacht Club Welfare Fund located?
Bay Head Yacht Club Welfare Fund is headquartered in Bay Head, New Jersey and files with the IRS under EIN 216015512.
How many years of IRS 990 filings does Bay Head Yacht Club Welfare Fund have?
Bay Head Yacht Club Welfare Fund has 13 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 $1.1M in total revenue.
Is the Bay Head Yacht Club Welfare Fund financially stable?
Yes, the organization appears financially stable, consistently growing its assets from $2,320,155 in 2015 to $3,593,855 in 2023, and generally maintaining positive net revenue.
Does the organization pay its officers?
No, the IRS 990 filings consistently report 0% officer compensation, indicating a volunteer leadership structure.
How have the organization's assets changed over time?
The organization's assets have shown consistent growth, increasing from $2,320,155 in 2015 to $3,593,855 in 2023.
What is the organization's revenue trend?
Revenue has fluctuated year-to-year, ranging from a low of $15,344 in 2017 to a high of $430,159 in 2019, but generally supports its operational expenses and asset growth.
Filing History
IRS 990 filing history for Bay Head Yacht Club Welfare Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bay Head Yacht Club Welfare Fund's revenue has grown by 149%, moving from $111K to $277K. Total assets increased by 71.9% over the same period, from $2.1M to $3.6M. Total functional expenses rose by 63.9%, from $138K to $227K. In its most recent filing year (2023), Bay Head Yacht Club Welfare Fund reported a surplus of $51K, with revenue exceeding expenses. The organization holds $5K in liabilities against $3.6M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $3.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $277K | $227K | $3.6M | $5K | — | View 990 |
| 2022 | $181K | $205K | $3.3M | $4K | — | View 990 |
| 2021 | $318K | $226K | $3.8M | $3K | — | View 990 |
| 2020 | $295K | $138K | $3.1M | $3K | — | View 990 |
| 2019 | $430K | $130K | $2.8M | $3K | — | View 990 |
| 2018 | $83K | $122K | $2.7M | $6K | — | — |
| 2017 | $15K | $45K | $2.6M | $3K | — | View 990 |
| 2016 | $77K | $88K | $2.5M | $4K | — | View 990 |
| 2015 | $170K | $98K | $2.3M | $3K | — | View 990 |
| 2014 | $293K | $99K | $2.5M | $3K | — | View 990 |
| 2013 | $276K | $136K | $2.4M | $6K | — | View 990 |
| 2012 | $255K | $87K | $2.2M | $6K | — | View 990 |
| 2011 | $111K | $138K | $2.1M | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $277K, expenses of $227K, and assets of $3.6M (revenue +53.0% year-over-year).
- 2022: Revenue of $181K, expenses of $205K, and assets of $3.3M (revenue -42.9% year-over-year).
- 2021: Revenue of $318K, expenses of $226K, and assets of $3.8M (revenue +7.6% year-over-year).
- 2020: Revenue of $295K, expenses of $138K, and assets of $3.1M (revenue -31.4% year-over-year).
- 2019: Revenue of $430K, expenses of $130K, and assets of $2.8M (revenue +420.8% year-over-year).
- 2018: Revenue of $83K, expenses of $122K, and assets of $2.7M (revenue +438.3% year-over-year).
- 2017: Revenue of $15K, expenses of $45K, and assets of $2.6M (revenue -80.0% year-over-year).
- 2016: Revenue of $77K, expenses of $88K, and assets of $2.5M (revenue -54.8% year-over-year).
- 2015: Revenue of $170K, expenses of $98K, and assets of $2.3M (revenue -42.2% year-over-year).
- 2014: Revenue of $293K, expenses of $99K, and assets of $2.5M (revenue +6.3% year-over-year).
- 2013: Revenue of $276K, expenses of $136K, and assets of $2.4M (revenue +8.4% year-over-year).
- 2012: Revenue of $255K, expenses of $87K, and assets of $2.2M (revenue +128.7% year-over-year).
- 2011: Revenue of $111K, expenses of $138K, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bay Head Yacht Club Welfare Fund:
Data Sources and Methodology
This transparency report for Bay Head Yacht Club Welfare Fund 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.