Clearwater Club Corporation
Clearwater Club Corporation: Stable Finances, Limited Public Information
EIN: 221548939 · Summit, NJ · Updated: 2026-04-04
Is Clearwater Club Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Clearwater Club Corporation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Clearwater Club Corporation
Clearwater Club Corporation (EIN: 221548939) is a nonprofit organization based in Summit, NJ. The organization reported total revenue of $677K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Clearwater Club Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Clearwater Club Corporation with a Mission Score of 65 out of 100 (Good). 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: 75%
- fundraising: 10%
According to IRS 990 filings, Clearwater Club Corporation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is not disclosed in the available Form 990-EZ filings, as the organization's gross receipts are consistently below the $200,000 threshold for detailed officer compensation reporting.
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 Clearwater Club Corporation's IRS 990 filings:
- Lack of detailed program descriptions and impact reporting.
- Limited transparency regarding specific administrative and fundraising costs due to Form 990-EZ filing.
- No public information on board members or governance practices.
Strengths
The following positive indicators were identified for Clearwater Club Corporation:
- Consistent revenue and asset base over the past several years.
- Low liability-to-asset ratio, indicating financial stability.
- Consistent filing of required financial documents.
Frequently Asked Questions about Clearwater Club Corporation
Is Clearwater Club Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Clearwater Club Corporation (EIN: 221548939) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Clearwater Club Corporation spend its money?
Clearwater Club Corporation directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Clearwater Club Corporation tax-deductible?
Clearwater Club Corporation is registered as a tax-exempt nonprofit (EIN: 221548939). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Clearwater Club Corporation do?
Clearwater Club Corporation is a nonprofit organization in the Unknown sector, located in Summit, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Clearwater Club Corporation have?
Clearwater Club Corporation reported total revenue of $676,820. Based on 13 IRS 990 filings on record.
What are Clearwater Club Corporation's total assets?
Clearwater Club Corporation holds total assets of $1,237,155 as reported in IRS 990 filings.
Where is Clearwater Club Corporation located?
Clearwater Club Corporation is based in Summit, New Jersey.
What is Clearwater Club Corporation's EIN?
Clearwater Club Corporation's Employer Identification Number (EIN) is 221548939. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Clearwater Club Corporation?
Clearwater Club Corporation is classified under NTEE code Unknown (Unknown).
Is Clearwater Club Corporation a registered 501(c)(3)?
Clearwater Club Corporation appears in IRS records (EIN: 221548939). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Clearwater Club Corporation file IRS Form 990?
Yes, Clearwater Club Corporation has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Clearwater Club Corporation's revenue in 2023?
In the 202312 filing period, Clearwater Club Corporation reported total revenue of $668,144, total expenses of $636,754, and net assets of $1,191,280.
Is Clearwater Club Corporation's revenue growing or declining?
Clearwater Club Corporation's revenue is relatively stable. Revenue went from $690,663 (202212) to $668,144 (202312), a -3.3% change. Based on 13 filings on record.
What is Clearwater Club Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for Clearwater Club Corporation covers tax period 202312. It shows revenue of $668,144, expenses of $636,754, total assets of $1,191,280, and liabilities of $142,400.
How much does Clearwater Club Corporation spend on programs vs administration?
Based on IRS 990 analysis, Clearwater Club Corporation allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Clearwater Club Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, Clearwater Club Corporation shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Clearwater Club Corporation?
The following concerns were identified: Lack of detailed program descriptions and impact reporting.. Limited transparency regarding specific administrative and fundraising costs due to Form 990-EZ filing.. No public information on board members or governance practices.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Clearwater Club Corporation's strengths?
Positive indicators for Clearwater Club Corporation include: Consistent revenue and asset base over the past several years.. Low liability-to-asset ratio, indicating financial stability.. Consistent filing of required financial documents.. These findings are derived from AI analysis of the organization's financial filings.
How does Clearwater Club Corporation compensate executives?
Executive compensation is not disclosed in the available Form 990-EZ filings, as the organization's gross receipts are consistently below the $200,000 threshold for detailed officer compensation reporting. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Clearwater Club Corporation?
• Financial filings are consistently available, showing revenue and expense trends over several years. • The organization's Form 990-EZ filings provide limited detail on program activities and specific spending categories. • No detailed annual reports or program impact statements are readily available to the public. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How does Clearwater Club Corporation ensure its mission is being met without detailed program reporting?
Without detailed program descriptions or impact reports, it's challenging to assess how the organization measures and ensures the effectiveness of its mission-related activities. The Form 990-EZ provides only high-level financial data.
What is the long-term strategy for revenue growth, given the relatively flat revenue trend over the past several years?
The organization's revenue has remained relatively stable, fluctuating between approximately $513,011 and $690,663 over the past eight years. There is no public indication of strategies for significant revenue growth or diversification.
Filing History
IRS 990 filing history for Clearwater Club Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Clearwater Club Corporation's revenue has grown by 54.7%, moving from $432K to $668K. Total assets increased by 88.7% over the same period, from $631K to $1.2M. Total functional expenses rose by 46.6%, from $434K to $637K. In its most recent filing year (2023), Clearwater Club Corporation reported a surplus of $31K, with revenue exceeding expenses. The organization holds $142K in liabilities against $1.2M in assets (debt-to-asset ratio: 12.0%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $668K | $637K | $1.2M | $142K | — | View 990 |
| 2022 | $691K | $592K | $1.2M | $143K | — | View 990 |
| 2021 | $625K | $492K | $1.1M | $179K | — | View 990 |
| 2020 | $513K | $456K | $1.0M | $245K | — | — |
| 2019 | $543K | $566K | $955K | $371K | — | View 990 |
| 2018 | $563K | $526K | $983K | $376K | — | View 990 |
| 2017 | $538K | $556K | $946K | $373K | — | View 990 |
| 2016 | $540K | $547K | $979K | $388K | — | View 990 |
| 2015 | $546K | $614K | $748K | $145K | — | View 990 |
| 2014 | $525K | $466K | $821K | $0 | — | View 990 |
| 2013 | $568K | $424K | $761K | $0 | — | View 990 |
| 2012 | $480K | $432K | $668K | $0 | — | View 990 |
| 2011 | $432K | $434K | $631K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $668K, expenses of $637K, and assets of $1.2M (revenue -3.3% year-over-year).
- 2022: Revenue of $691K, expenses of $592K, and assets of $1.2M (revenue +10.5% year-over-year).
- 2021: Revenue of $625K, expenses of $492K, and assets of $1.1M (revenue +21.8% year-over-year).
- 2020: Revenue of $513K, expenses of $456K, and assets of $1.0M (revenue -5.6% year-over-year).
- 2019: Revenue of $543K, expenses of $566K, and assets of $955K (revenue -3.5% year-over-year).
- 2018: Revenue of $563K, expenses of $526K, and assets of $983K (revenue +4.6% year-over-year).
- 2017: Revenue of $538K, expenses of $556K, and assets of $946K (revenue -0.3% year-over-year).
- 2016: Revenue of $540K, expenses of $547K, and assets of $979K (revenue -1.1% year-over-year).
- 2015: Revenue of $546K, expenses of $614K, and assets of $748K (revenue +4.0% year-over-year).
- 2014: Revenue of $525K, expenses of $466K, and assets of $821K (revenue -7.6% year-over-year).
- 2013: Revenue of $568K, expenses of $424K, and assets of $761K (revenue +18.3% year-over-year).
- 2012: Revenue of $480K, expenses of $432K, and assets of $668K (revenue +11.1% year-over-year).
- 2011: Revenue of $432K, expenses of $434K, and assets of $631K.
Data Sources and Methodology
This transparency report for Clearwater Club Corporation 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.