Centerboard Yacht Club
Centerboard Yacht Club maintains stable finances with consistent revenue and decreasing liabilities, reporting no officer compensation.
EIN: 10273431 · S Portland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $215K |
| Total Expenses | $204K |
| Program Spending | 80% |
| Net Assets | $1.3M |
| Transparency Score | 85/100 |
Is Centerboard Yacht Club Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Centerboard Yacht Club directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Centerboard Yacht Club
Centerboard Yacht Club (EIN: 10273431) is a nonprofit organization based in S Portland, ME. The organization reported total revenue of $215K and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Centerboard Yacht Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Centerboard Yacht Club is a small nonprofit that has been operating for 61 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $217K |
| Total Expenses | $204K |
| Surplus / Deficit | +$13K |
| Total Assets | $1.7M |
| Total Liabilities | $358K |
| Net Assets | $1.3M |
| Operating Margin | 6.0% |
| Debt-to-Asset Ratio | 21.1% |
| Months of Reserves | 99.6 months |
Financial Health Grade: A
In 2023, Centerboard Yacht Club reported a surplus of $13K with revenue exceeding expenses, holds 99.6 months of operating reserves (strong position), has a debt-to-asset ratio of 21.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Centerboard Yacht Club's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.7% | -5.8% | -0.5% |
| 2022 | -2.1% | +13.4% | -1.2% |
| 2021 | +8.0% | +21.0% | +0.6% |
| 2020 | -4.7% | -23.5% | +0.4% |
| 2019 | -14.1% | +21.2% | -0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1965 |
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 Centerboard Yacht Club 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, Centerboard Yacht Club 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 $13K, with revenue exceeding expenses.
- Debt-to-asset ratio: 21.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating a volunteer-led structure that minimizes overhead and maximizes resources for the club'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.
Strengths
The following positive indicators were identified for Centerboard Yacht Club:
- Consistent financial stability with assets over $1.6 million.
- Significant reduction in liabilities from $655,691 in 2014 to $357,656 in 2023.
- No reported officer compensation, indicating volunteer leadership and efficient use of funds.
- Stable revenue and expense patterns over a decade, demonstrating predictable operations.
- Consistent filing of IRS 990s, indicating good transparency.
Frequently Asked Questions about Centerboard Yacht Club
Is Centerboard Yacht Club a legitimate charity?
Centerboard Yacht Club (EIN: 10273431) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $215K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Centerboard Yacht Club spend its money?
Centerboard Yacht Club directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Centerboard Yacht Club tax-deductible?
Centerboard Yacht Club is registered as a tax-exempt nonprofit (EIN: 10273431). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Centerboard Yacht Club's spending goes to programs?
Centerboard Yacht Club directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Centerboard Yacht Club located?
Centerboard Yacht Club is headquartered in S Portland, Maine and files with the IRS under EIN 10273431.
How many years of IRS 990 filings does Centerboard Yacht Club have?
Centerboard Yacht Club 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 $215K in total revenue.
Is Centerboard Yacht Club financially stable?
Yes, Centerboard Yacht Club appears financially stable. Its assets have consistently remained above $1.6 million, reaching $1,693,854 in 2023, and its liabilities have significantly decreased from $655,691 in 2014 to $357,656 in 2023.
How has the organization's revenue trended?
The organization's revenue has been remarkably stable over the past decade, generally fluctuating between $186,223 and $249,041, with the latest reported revenue in 2023 being $217,142.
Does Centerboard Yacht Club pay its officers?
No, Centerboard Yacht Club consistently reports 0% officer compensation across all 13 available IRS 990 filings, indicating a volunteer-driven leadership.
Filing History
IRS 990 filing history for Centerboard Yacht Club showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Centerboard Yacht Club's revenue has grown by 22.4%, moving from $177K to $217K. Total assets increased by 45.4% over the same period, from $1.2M to $1.7M. Total functional expenses rose by 67.3%, from $122K to $204K. In its most recent filing year (2023), Centerboard Yacht Club reported a surplus of $13K, with revenue exceeding expenses. The organization holds $358K in liabilities against $1.7M in assets (debt-to-asset ratio: 21.1%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $217K | $204K | $1.7M | $358K | — | — |
| 2022 | $216K | $217K | $1.7M | $380K | — | — |
| 2021 | $220K | $191K | $1.7M | $398K | — | View 990 |
| 2020 | $204K | $158K | $1.7M | $417K | — | View 990 |
| 2019 | $214K | $206K | $1.7M | $456K | — | View 990 |
| 2018 | $249K | $170K | $1.7M | $470K | — | View 990 |
| 2017 | $215K | $232K | $1.7M | $573K | — | View 990 |
| 2016 | $218K | $191K | $1.8M | $584K | — | View 990 |
| 2015 | $197K | $181K | $1.8M | $617K | — | View 990 |
| 2014 | $186K | $152K | $1.8M | $656K | — | View 990 |
| 2013 | $215K | $114K | $1.3M | $209K | — | View 990 |
| 2012 | $188K | $127K | $1.2M | $225K | — | View 990 |
| 2011 | $177K | $122K | $1.2M | $219K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $217K, expenses of $204K, and assets of $1.7M (revenue +0.7% year-over-year).
- 2022: Revenue of $216K, expenses of $217K, and assets of $1.7M (revenue -2.1% year-over-year).
- 2021: Revenue of $220K, expenses of $191K, and assets of $1.7M (revenue +8.0% year-over-year).
- 2020: Revenue of $204K, expenses of $158K, and assets of $1.7M (revenue -4.7% year-over-year).
- 2019: Revenue of $214K, expenses of $206K, and assets of $1.7M (revenue -14.1% year-over-year).
- 2018: Revenue of $249K, expenses of $170K, and assets of $1.7M (revenue +15.7% year-over-year).
- 2017: Revenue of $215K, expenses of $232K, and assets of $1.7M (revenue -1.4% year-over-year).
- 2016: Revenue of $218K, expenses of $191K, and assets of $1.8M (revenue +10.6% year-over-year).
- 2015: Revenue of $197K, expenses of $181K, and assets of $1.8M (revenue +5.9% year-over-year).
- 2014: Revenue of $186K, expenses of $152K, and assets of $1.8M (revenue -13.5% year-over-year).
- 2013: Revenue of $215K, expenses of $114K, and assets of $1.3M (revenue +14.4% year-over-year).
- 2012: Revenue of $188K, expenses of $127K, and assets of $1.2M (revenue +6.1% year-over-year).
- 2011: Revenue of $177K, expenses of $122K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Centerboard Yacht Club:
Data Sources and Methodology
This transparency report for Centerboard Yacht Club 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.