Centerport Yacht Club Inc
Centerport Yacht Club Inc. maintains consistent financial stability with growing assets and no reported officer compensation.
EIN: 111619853 · Centerport, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.1M |
| Total Expenses | $2.6M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $2.6 |
| Net Assets | $3.2M |
| Transparency Score | 85/100 |
Is Centerport Yacht Club Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Centerport Yacht Club Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Centerport Yacht Club Inc
Centerport Yacht Club Inc (EIN: 111619853) is a nonprofit organization based in Centerport, NY. The organization reported total revenue of $3.1M and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Centerport Yacht Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Centerport Yacht Club Inc is a mid-size nonprofit that has been operating for 73 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $2.6M |
| Surplus / Deficit | +$71K |
| Total Assets | $3.7M |
| Total Liabilities | $522K |
| Net Assets | $3.2M |
| Operating Margin | 2.7% |
| Debt-to-Asset Ratio | 14.0% |
| Months of Reserves | 17.5 months |
Financial Health Grade: A
In 2023, Centerport Yacht Club Inc reported a surplus of $71K with revenue exceeding expenses, holds 17.5 months of operating reserves (strong position), has a debt-to-asset ratio of 14.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Centerport Yacht Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.7% | +5.6% | -11.3% |
| 2022 | -3.0% | +9.2% | +1.8% |
| 2021 | +19.6% | +17.2% | +10.1% |
| 2020 | -3.8% | -11.1% | +2.9% |
| 2019 | +3.9% | +5.2% | +3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1953 |
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 Centerport 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, Centerport 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 $71K, with revenue exceeding expenses.
- Debt-to-asset ratio: 14.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its officers are either uncompensated volunteers or that compensation falls below reporting thresholds, which is a strong positive for a nonprofit of its size with over $2.6 million in annual revenue.
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 Centerport Yacht Club Inc:
- Consistent positive net income, indicating sound financial management (e.g., $70,645 surplus in 2023).
- Steady growth in assets over the past decade (from $3.1M in 2014 to $3.7M in 2023).
- No reported officer compensation, suggesting volunteer leadership or highly efficient compensation practices.
- Stable liabilities relative to assets, indicating responsible debt management.
Frequently Asked Questions about Centerport Yacht Club Inc
Is Centerport Yacht Club Inc a legitimate charity?
Centerport Yacht Club Inc (EIN: 111619853) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.1M. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Centerport Yacht Club Inc spend its money?
Centerport Yacht Club Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Centerport Yacht Club Inc tax-deductible?
Centerport Yacht Club Inc is registered as a tax-exempt nonprofit (EIN: 111619853). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Centerport Yacht Club Inc CEO make?
Centerport Yacht Club Inc's highest-compensated officer earns $2.6 annually. The organization reported $3.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Centerport Yacht Club Inc's spending goes to programs?
Centerport Yacht Club Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Centerport Yacht Club Inc located?
Centerport Yacht Club Inc is headquartered in Centerport, New York and files with the IRS under EIN 111619853.
How many years of IRS 990 filings does Centerport Yacht Club Inc have?
Centerport 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 $3.1M in total revenue.
Is Centerport Yacht Club Inc. financially stable?
Yes, Centerport Yacht Club Inc. appears financially stable, consistently reporting positive net income and growing assets. For example, in 2023, revenue exceeded expenses by over $70,000, and assets increased from $3.1 million in 2014 to $3.7 million in 2023.
What is the trend in the organization's assets?
The organization's assets have shown a general upward trend over the past decade, increasing from $3,198,474 in 2014 to $3,734,111 in 2023, indicating healthy financial growth.
Does Centerport Yacht Club Inc. pay its officers?
Based on the IRS 990 filings, Centerport Yacht Club Inc. consistently reports 0% officer compensation, suggesting that its officers are uncompensated volunteers or their compensation is not reportable.
Filing History
IRS 990 filing history for Centerport Yacht Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Centerport Yacht Club Inc's revenue has grown by 35.6%, moving from $1.9M to $2.6M. Total assets increased by 31.2% over the same period, from $2.8M to $3.7M. Total functional expenses rose by 43.8%, from $1.8M to $2.6M. In its most recent filing year (2023), Centerport Yacht Club Inc reported a surplus of $71K, with revenue exceeding expenses. The organization holds $522K in liabilities against $3.7M in assets (debt-to-asset ratio: 14.0%), resulting in net assets of $3.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $2.6M | $3.7M | $522K | — | — |
| 2022 | $2.5M | $2.4M | $4.2M | $1.1M | — | View 990 |
| 2021 | $2.6M | $2.2M | $4.1M | $1.1M | — | View 990 |
| 2020 | $2.1M | $1.9M | $3.8M | $1.1M | — | View 990 |
| 2019 | $2.2M | $2.1M | $3.7M | $1.2M | — | View 990 |
| 2018 | $2.1M | $2.0M | $3.5M | $1.2M | — | View 990 |
| 2017 | $2.2M | $2.2M | $3.4M | $1.1M | — | View 990 |
| 2016 | $2.2M | $2.2M | $3.4M | $1.1M | — | View 990 |
| 2015 | $2.2M | $2.1M | $3.3M | $1.1M | — | View 990 |
| 2014 | $2.0M | $1.9M | $3.2M | $1.1M | — | View 990 |
| 2013 | $2.0M | $1.9M | $3.0M | $1.0M | — | View 990 |
| 2012 | $1.9M | $1.9M | $2.9M | $1.1M | — | View 990 |
| 2011 | $1.9M | $1.8M | $2.8M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $2.6M, and assets of $3.7M (revenue +5.7% year-over-year).
- 2022: Revenue of $2.5M, expenses of $2.4M, and assets of $4.2M (revenue -3.0% year-over-year).
- 2021: Revenue of $2.6M, expenses of $2.2M, and assets of $4.1M (revenue +19.6% year-over-year).
- 2020: Revenue of $2.1M, expenses of $1.9M, and assets of $3.8M (revenue -3.8% year-over-year).
- 2019: Revenue of $2.2M, expenses of $2.1M, and assets of $3.7M (revenue +3.9% year-over-year).
- 2018: Revenue of $2.1M, expenses of $2.0M, and assets of $3.5M (revenue -0.9% year-over-year).
- 2017: Revenue of $2.2M, expenses of $2.2M, and assets of $3.4M (revenue +0.6% year-over-year).
- 2016: Revenue of $2.2M, expenses of $2.2M, and assets of $3.4M (revenue -2.8% year-over-year).
- 2015: Revenue of $2.2M, expenses of $2.1M, and assets of $3.3M (revenue +9.1% year-over-year).
- 2014: Revenue of $2.0M, expenses of $1.9M, and assets of $3.2M (revenue +1.3% year-over-year).
- 2013: Revenue of $2.0M, expenses of $1.9M, and assets of $3.0M (revenue +4.4% year-over-year).
- 2012: Revenue of $1.9M, expenses of $1.9M, and assets of $2.9M (revenue -1.2% year-over-year).
- 2011: Revenue of $1.9M, expenses of $1.8M, and assets of $2.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Centerport Yacht Club Inc:
Data Sources and Methodology
This transparency report for Centerport 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.