Belmar Fishing Club Inc
Belmar Fishing Club Inc. consistently maintains financial surpluses and reports no officer compensation.
EIN: 210405040 · Belmar, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.3M |
| Total Expenses | $926K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $3.0M |
| Transparency Score | 85/100 |
Is Belmar Fishing Club Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Belmar Fishing Club Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Belmar Fishing Club Inc
Belmar Fishing Club Inc (EIN: 210405040) is a nonprofit organization based in Belmar, NJ. The organization reported total revenue of $3.3M and total assets of $3.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Belmar Fishing Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Belmar Fishing Club Inc is a mid-size nonprofit that has been operating for 89 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $926K |
| Surplus / Deficit | +$154K |
| Total Assets | $3.8M |
| Total Liabilities | $752K |
| Net Assets | $3.0M |
| Operating Margin | 14.3% |
| Debt-to-Asset Ratio | 20.0% |
| Months of Reserves | 48.8 months |
Financial Health Grade: A
In 2023, Belmar Fishing Club Inc reported a surplus of $154K with revenue exceeding expenses, holds 48.8 months of operating reserves (strong position), has a debt-to-asset ratio of 20.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Belmar Fishing Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.6% | +5.7% | +5.4% |
| 2022 | -27.3% | +3.9% | +0.7% |
| 2021 | +42.3% | +12.3% | +12.8% |
| 2020 | -3.4% | +2.1% | +1.6% |
| 2019 | -4.0% | -0.4% | +6.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1937 |
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 Belmar Fishing 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Belmar Fishing Club Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $154K, with revenue exceeding expenses.
- Debt-to-asset ratio: 20.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for a nonprofit of its size with assets nearing $4 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.
Red Flags
The following concerns were identified during AI analysis of Belmar Fishing Club Inc's IRS 990 filings:
- NTEE code is unknown, limiting understanding of specific programmatic focus.
Strengths
The following positive indicators were identified for Belmar Fishing Club Inc:
- Consistent financial surpluses, demonstrating sound financial management (e.g., $1,079,495 revenue vs. $925,573 expenses in 2023).
- Zero reported officer compensation across all filings, indicating high efficiency or volunteer leadership.
- Healthy and consistent growth in assets over the past decade, from $2,566,348 in 2014 to $3,761,591 in 2023.
- Stable revenue streams, consistently around $800,000 - $1,200,000 annually.
Frequently Asked Questions about Belmar Fishing Club Inc
Is Belmar Fishing Club Inc a legitimate charity?
Belmar Fishing Club Inc (EIN: 210405040) 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: $3.3M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Belmar Fishing Club Inc spend its money?
Belmar Fishing Club Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Belmar Fishing Club Inc tax-deductible?
Belmar Fishing Club Inc is registered as a tax-exempt nonprofit (EIN: 210405040). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Belmar Fishing Club Inc CEO make?
Belmar Fishing Club Inc's highest-compensated officer earns $4 annually. The organization reported $3.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Belmar Fishing Club Inc's spending goes to programs?
Belmar Fishing Club Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Belmar Fishing Club Inc located?
Belmar Fishing Club Inc is headquartered in Belmar, New Jersey and files with the IRS under EIN 210405040.
How many years of IRS 990 filings does Belmar Fishing Club Inc have?
Belmar Fishing Club Inc 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 $3.3M in total revenue.
Is Belmar Fishing Club Inc. a good charity?
Based on the available financial data, Belmar Fishing Club Inc. appears to be a well-managed organization with consistent financial surpluses and no reported officer compensation, suggesting strong financial health and a commitment to its mission. However, without detailed program expense breakdowns or an NTEE code, a full assessment of its charitable impact is limited.
How has the organization's asset base changed over time?
The organization's assets have shown consistent growth, increasing from $2,566,348 in 2014 to $3,761,591 in 2023, indicating strong financial stewardship and accumulation of resources.
Does the organization operate with a financial surplus or deficit?
Belmar Fishing Club Inc. consistently operates with a financial surplus, as its revenues have generally exceeded its expenses in all reported periods, for example, $1,079,495 in revenue vs. $925,573 in expenses in 2023.
Filing History
IRS 990 filing history for Belmar Fishing Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Belmar Fishing Club Inc's revenue has grown by 59.6%, moving from $676K to $1.1M. Total assets increased by 176.8% over the same period, from $1.4M to $3.8M. Total functional expenses rose by 57.9%, from $586K to $926K. In its most recent filing year (2023), Belmar Fishing Club Inc reported a surplus of $154K, with revenue exceeding expenses. The organization holds $752K in liabilities against $3.8M in assets (debt-to-asset ratio: 20.0%), resulting in net assets of $3.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $926K | $3.8M | $752K | — | — |
| 2022 | $895K | $876K | $3.6M | $712K | — | View 990 |
| 2021 | $1.2M | $843K | $3.5M | $726K | — | View 990 |
| 2020 | $865K | $751K | $3.1M | $711K | — | — |
| 2019 | $896K | $735K | $3.1M | $779K | — | View 990 |
| 2018 | $933K | $739K | $2.9M | $752K | — | View 990 |
| 2017 | $978K | $737K | $2.7M | $735K | — | View 990 |
| 2016 | $987K | $778K | $2.5M | $769K | — | View 990 |
| 2015 | $805K | $720K | $2.4M | $932K | — | View 990 |
| 2014 | $1.0M | $698K | $2.6M | $1.1M | — | View 990 |
| 2013 | $768K | $710K | $1.8M | $690K | — | View 990 |
| 2012 | $1.0M | $693K | $1.7M | $679K | — | View 990 |
| 2011 | $676K | $586K | $1.4M | $630K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $926K, and assets of $3.8M (revenue +20.6% year-over-year).
- 2022: Revenue of $895K, expenses of $876K, and assets of $3.6M (revenue -27.3% year-over-year).
- 2021: Revenue of $1.2M, expenses of $843K, and assets of $3.5M (revenue +42.3% year-over-year).
- 2020: Revenue of $865K, expenses of $751K, and assets of $3.1M (revenue -3.4% year-over-year).
- 2019: Revenue of $896K, expenses of $735K, and assets of $3.1M (revenue -4.0% year-over-year).
- 2018: Revenue of $933K, expenses of $739K, and assets of $2.9M (revenue -4.6% year-over-year).
- 2017: Revenue of $978K, expenses of $737K, and assets of $2.7M (revenue -1.0% year-over-year).
- 2016: Revenue of $987K, expenses of $778K, and assets of $2.5M (revenue +22.7% year-over-year).
- 2015: Revenue of $805K, expenses of $720K, and assets of $2.4M (revenue -21.1% year-over-year).
- 2014: Revenue of $1.0M, expenses of $698K, and assets of $2.6M (revenue +32.8% year-over-year).
- 2013: Revenue of $768K, expenses of $710K, and assets of $1.8M (revenue -23.6% year-over-year).
- 2012: Revenue of $1.0M, expenses of $693K, and assets of $1.7M (revenue +48.6% year-over-year).
- 2011: Revenue of $676K, expenses of $586K, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Belmar Fishing Club Inc:
Data Sources and Methodology
This transparency report for Belmar Fishing 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.