Blackbeard Sailing Club Ltd
EIN: 237364273 · Bridgeton, NC
| Metric | Value |
|---|---|
| Total Revenue | $404K |
| Total Expenses | $219K |
| Net Assets | $1.5M |
Is Blackbeard Sailing Club Ltd Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Blackbeard Sailing Club Ltd
Blackbeard Sailing Club Ltd (EIN: 237364273) is a nonprofit organization based in Bridgeton, NC. The organization reported total revenue of $404K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Blackbeard Sailing Club Ltd's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Blackbeard Sailing Club Ltd is a small nonprofit that has been operating for 52 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 7.3%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $399K |
| Total Expenses | $219K |
| Surplus / Deficit | +$180K |
| Total Assets | $1.5M |
| Net Assets | $1.5M |
| Operating Margin | 45.1% |
| Months of Reserves | 79.9 months |
Financial Health Grade: A
In 2022, Blackbeard Sailing Club Ltd reported a surplus of $180K with revenue exceeding expenses, holds 79.9 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2022), Blackbeard Sailing Club Ltd's revenue has grown at a compound annual growth rate (CAGR) of 7.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +2.4% | -40.4% | +3.1% |
| 2021 | -3.1% | +0.4% | -9.3% |
| 2020 | -59.7% | -60.5% | -8.5% |
| 2019 | +324.6% | +396.5% | -27.4% |
| 2018 | -3.1% | +15.0% | +112.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1974 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Blackbeard Sailing Club Ltd has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Blackbeard Sailing Club Ltd with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $180K, with revenue exceeding expenses.
Frequently Asked Questions about Blackbeard Sailing Club Ltd
Is Blackbeard Sailing Club Ltd a legitimate charity?
Based on AI analysis of IRS 990 filings, Blackbeard Sailing Club Ltd (EIN: 237364273) insufficient data. 0 red flags identified, 0 strengths noted.
How does Blackbeard Sailing Club Ltd spend its money?
Detailed spending breakdown data is not yet available for Blackbeard Sailing Club Ltd. Check back for updated IRS 990 analysis.
Are donations to Blackbeard Sailing Club Ltd tax-deductible?
Blackbeard Sailing Club Ltd is registered as a tax-exempt nonprofit (EIN: 237364273). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Blackbeard Sailing Club Ltd located?
Blackbeard Sailing Club Ltd is headquartered in Bridgeton, North Carolina and files with the IRS under EIN 237364273.
How many years of IRS 990 filings does Blackbeard Sailing Club Ltd have?
Blackbeard Sailing Club Ltd has 12 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 $404K in total revenue.
Filing History
IRS 990 filing history for Blackbeard Sailing Club Ltd showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Blackbeard Sailing Club Ltd's revenue has grown by 117%, moving from $184K to $399K. Total assets increased by 73.4% over the same period, from $841K to $1.5M. Total functional expenses rose by 40.6%, from $156K to $219K. In its most recent filing year (2022), Blackbeard Sailing Club Ltd reported a surplus of $180K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $399K | $219K | $1.5M | $0 | — | — |
| 2021 | $389K | $368K | $1.4M | $136K | — | View 990 |
| 2020 | $402K | $366K | $1.6M | $302K | — | View 990 |
| 2019 | $996K | $928K | $1.7M | $483K | — | View 990 |
| 2018 | $235K | $187K | $2.3M | $1.2M | — | View 990 |
| 2017 | $242K | $163K | $1.1M | $0 | — | View 990 |
| 2016 | $223K | $157K | $1.0M | $280 | — | View 990 |
| 2015 | $224K | $153K | $960K | $247 | — | View 990 |
| 2014 | $204K | $158K | $890K | $391 | — | View 990 |
| 2013 | $194K | $146K | $844K | $526 | — | View 990 |
| 2012 | $184K | $143K | $851K | $56K | — | View 990 |
| 2011 | $184K | $156K | $841K | $88K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $399K, expenses of $219K, and assets of $1.5M (revenue +2.4% year-over-year).
- 2021: Revenue of $389K, expenses of $368K, and assets of $1.4M (revenue -3.1% year-over-year).
- 2020: Revenue of $402K, expenses of $366K, and assets of $1.6M (revenue -59.7% year-over-year).
- 2019: Revenue of $996K, expenses of $928K, and assets of $1.7M (revenue +324.6% year-over-year).
- 2018: Revenue of $235K, expenses of $187K, and assets of $2.3M (revenue -3.1% year-over-year).
- 2017: Revenue of $242K, expenses of $163K, and assets of $1.1M (revenue +8.6% year-over-year).
- 2016: Revenue of $223K, expenses of $157K, and assets of $1.0M (revenue -0.4% year-over-year).
- 2015: Revenue of $224K, expenses of $153K, and assets of $960K (revenue +9.6% year-over-year).
- 2014: Revenue of $204K, expenses of $158K, and assets of $890K (revenue +5.1% year-over-year).
- 2013: Revenue of $194K, expenses of $146K, and assets of $844K (revenue +5.6% year-over-year).
- 2012: Revenue of $184K, expenses of $143K, and assets of $851K (revenue +0.1% year-over-year).
- 2011: Revenue of $184K, expenses of $156K, and assets of $841K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Blackbeard Sailing Club Ltd:
Data Sources and Methodology
This transparency report for Blackbeard Sailing Club Ltd 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.