Biddeford Pool Yacht Club Inc
Biddeford Pool Yacht Club Inc shows consistent asset growth and operates with a surplus, reporting no officer compensation.
EIN: 10217234 · Biddeford Pl, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $388K |
| Total Expenses | $328K |
| Program Spending | 80% |
| Net Assets | $1.1M |
| Transparency Score | 85/100 |
Is Biddeford Pool Yacht Club Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Biddeford Pool Yacht Club Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Biddeford Pool Yacht Club Inc
Biddeford Pool Yacht Club Inc (EIN: 10217234) is a nonprofit organization based in Biddeford Pl, ME. The organization reported total revenue of $388K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Biddeford Pool Yacht Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Biddeford Pool Yacht Club Inc is a small nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $380K |
| Total Expenses | $328K |
| Surplus / Deficit | +$52K |
| Total Assets | $1.1M |
| Total Liabilities | $768 |
| Net Assets | $1.1M |
| Operating Margin | 13.6% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 39.9 months |
Financial Health Grade: A
In 2023, Biddeford Pool Yacht Club Inc reported a surplus of $52K with revenue exceeding expenses, holds 39.9 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), Biddeford Pool Yacht Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.6% | +14.0% | +4.2% |
| 2022 | +12.9% | +3.7% | +7.1% |
| 2021 | +14.7% | +25.7% | +4.0% |
| 2020 | -11.3% | -12.2% | +5.0% |
| 2019 | -4.4% | +2.2% | +6.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 Biddeford Pool Yacht 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, Biddeford Pool Yacht 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 $52K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating a volunteer-led executive structure. This practice significantly reduces administrative overhead and allows more resources to be allocated to the organization's activities.
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 Biddeford Pool Yacht Club Inc's IRS 990 filings:
- NTEE Code is Unknown, hindering comparative analysis
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided data
Strengths
The following positive indicators were identified for Biddeford Pool Yacht Club Inc:
- Consistent revenue growth over the past decade, from $246,977 in 2014 to $380,271 in 2023
- Healthy asset growth, increasing from $684,139 in 2014 to $1,092,966 in 2023
- Consistent operational surplus, indicating sound financial management (e.g., $51,883 surplus in 2023)
- No officer compensation reported, suggesting efficient use of funds and volunteer leadership
- Low liabilities relative to assets in most years, indicating financial stability
Frequently Asked Questions about Biddeford Pool Yacht Club Inc
Is Biddeford Pool Yacht Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Biddeford Pool Yacht Club Inc (EIN: 10217234) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does Biddeford Pool Yacht Club Inc spend its money?
Biddeford Pool Yacht Club Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Biddeford Pool Yacht Club Inc tax-deductible?
Biddeford Pool Yacht Club Inc is registered as a tax-exempt nonprofit (EIN: 10217234). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Biddeford Pool Yacht Club Inc's spending goes to programs?
Biddeford Pool Yacht Club Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Biddeford Pool Yacht Club Inc located?
Biddeford Pool Yacht Club Inc is headquartered in Biddeford Pl, Maine and files with the IRS under EIN 10217234.
How many years of IRS 990 filings does Biddeford Pool Yacht Club Inc have?
Biddeford Pool Yacht 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 $388K in total revenue.
What is the primary mission of Biddeford Pool Yacht Club Inc?
Based on the name and financial data, it is likely a social or recreational club focused on yachting activities, though the specific mission statement is not provided in the financial data.
How does the organization manage to operate without officer compensation?
The consistent reporting of 0% officer compensation suggests that the leadership positions are filled by volunteers, which is common for smaller clubs or membership-based organizations.
What are the main sources of revenue for the organization?
While specific sources are not detailed in the provided data, for a yacht club, common revenue streams would include membership dues, event fees, and potentially facility rentals or donations.
Filing History
IRS 990 filing history for Biddeford Pool Yacht Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Biddeford Pool Yacht Club Inc's revenue has grown by 8.2%, moving from $352K to $380K. Total assets increased by 57.9% over the same period, from $692K to $1.1M. Total functional expenses rose by 36.8%, from $240K to $328K. In its most recent filing year (2023), Biddeford Pool Yacht Club Inc reported a surplus of $52K, with revenue exceeding expenses. The organization holds $768 in liabilities against $1.1M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $380K | $328K | $1.1M | $768 | — | — |
| 2022 | $357K | $288K | $1.0M | $1K | — | View 990 |
| 2021 | $316K | $278K | $979K | $0 | — | View 990 |
| 2020 | $275K | $221K | $941K | $552 | — | — |
| 2019 | $310K | $252K | $897K | $10K | — | View 990 |
| 2018 | $325K | $246K | $840K | $10K | — | View 990 |
| 2017 | $272K | $254K | $761K | $10K | — | View 990 |
| 2016 | $281K | $248K | $743K | $10K | — | View 990 |
| 2015 | $267K | $241K | $710K | $10K | — | View 990 |
| 2014 | $247K | $279K | $684K | $10K | — | View 990 |
| 2013 | $287K | $301K | $718K | $11K | — | View 990 |
| 2012 | $280K | $242K | $729K | $9K | — | View 990 |
| 2011 | $352K | $240K | $692K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $380K, expenses of $328K, and assets of $1.1M (revenue +6.6% year-over-year).
- 2022: Revenue of $357K, expenses of $288K, and assets of $1.0M (revenue +12.9% year-over-year).
- 2021: Revenue of $316K, expenses of $278K, and assets of $979K (revenue +14.7% year-over-year).
- 2020: Revenue of $275K, expenses of $221K, and assets of $941K (revenue -11.3% year-over-year).
- 2019: Revenue of $310K, expenses of $252K, and assets of $897K (revenue -4.4% year-over-year).
- 2018: Revenue of $325K, expenses of $246K, and assets of $840K (revenue +19.5% year-over-year).
- 2017: Revenue of $272K, expenses of $254K, and assets of $761K (revenue -3.3% year-over-year).
- 2016: Revenue of $281K, expenses of $248K, and assets of $743K (revenue +5.0% year-over-year).
- 2015: Revenue of $267K, expenses of $241K, and assets of $710K (revenue +8.2% year-over-year).
- 2014: Revenue of $247K, expenses of $279K, and assets of $684K (revenue -14.0% year-over-year).
- 2013: Revenue of $287K, expenses of $301K, and assets of $718K (revenue +2.4% year-over-year).
- 2012: Revenue of $280K, expenses of $242K, and assets of $729K (revenue -20.3% year-over-year).
- 2011: Revenue of $352K, expenses of $240K, and assets of $692K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Biddeford Pool Yacht Club Inc:
Data Sources and Methodology
This transparency report for Biddeford Pool Yacht 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.