Coconut Grove Sailing Club Instructional Center Inc
EIN: 471288727 · Miami, FL · NTEE: N67
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $1.1M |
| Net Assets | $-184,547 |
Is Coconut Grove Sailing Club Instructional Center Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Coconut Grove Sailing Club Instructional Center Inc
Coconut Grove Sailing Club Instructional Center Inc (EIN: 471288727) is a nonprofit organization based in Miami, FL, classified under NTEE code N67. The organization reported total revenue of $1.2M and total assets of $647K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Coconut Grove Sailing Club Instructional Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Coconut Grove Sailing Club Instructional Center Inc is a mid-size nonprofit that has been operating for 11 years, with 9 years of IRS 990 filings on record (2015–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $891K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-222,077 |
| Total Assets | $179K |
| Total Liabilities | $364K |
| Net Assets | $-184,547 |
| Operating Margin | -24.9% |
| Debt-to-Asset Ratio | 203.1% |
| Months of Reserves | 1.9 months |
Financial Health Grade: D
In 2023, Coconut Grove Sailing Club Instructional Center Inc reported a deficit of $222K with expenses exceeding revenue, holds 1.9 months of operating reserves (limited), has a debt-to-asset ratio of 203.1% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.2% | +11.7% | +0.6% |
| 2022 | +38.1% | +33.6% | -37.5% |
| 2021 | +9.0% | +4.2% | +18.3% |
| 2020 | -6.6% | +0.6% | +19.7% |
| 2019 | +16.7% | +17.1% | +9.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Coconut Grove Sailing Club Instructional Center Inc 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 Coconut Grove Sailing Club Instructional Center Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $222K, with expenses exceeding revenue.
- Debt-to-asset ratio: 203.1%.
Frequently Asked Questions about Coconut Grove Sailing Club Instructional Center Inc
Is Coconut Grove Sailing Club Instructional Center Inc a legitimate charity?
Coconut Grove Sailing Club Instructional Center Inc (EIN: 471288727) is a registered tax-exempt nonprofit based in Florida. It has 9 years of IRS 990 filings on record. Total revenue: $1.2M. No red flags identified. Financial health grade: D.
How does Coconut Grove Sailing Club Instructional Center Inc spend its money?
Coconut Grove Sailing Club Instructional Center Inc reported $1.2M in total revenue in IRS 990 filings. 9 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Coconut Grove Sailing Club Instructional Center Inc tax-deductible?
Coconut Grove Sailing Club Instructional Center Inc is registered as a tax-exempt nonprofit (EIN: 471288727). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Coconut Grove Sailing Club Instructional Center Inc located?
Coconut Grove Sailing Club Instructional Center Inc is headquartered in Miami, Florida and files with the IRS under EIN 471288727. It is classified under NTEE code N67.
How many years of IRS 990 filings does Coconut Grove Sailing Club Instructional Center Inc have?
Coconut Grove Sailing Club Instructional Center Inc has 9 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 $1.2M in total revenue.
Filing History
IRS 990 filing history for Coconut Grove Sailing Club Instructional Center Inc showing financial trends over 9 years of public records:
Total assets increased by 17903800% over the same period, from $1 to $179K. In its most recent filing year (2023), Coconut Grove Sailing Club Instructional Center Inc reported a deficit of $222K, with expenses exceeding revenue. The organization holds $364K in liabilities against $179K in assets (debt-to-asset ratio: 203.1%), resulting in net assets of $-184,547.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $891K | $1.1M | $179K | $364K | — | — |
| 2022 | $981K | $996K | $178K | $199K | — | View 990 |
| 2021 | $710K | $746K | $285K | $357K | — | View 990 |
| 2020 | $652K | $716K | $241K | $354K | — | View 990 |
| 2019 | $698K | $711K | $201K | $250K | — | View 990 |
| 2018 | $598K | $607K | $184K | $202K | — | View 990 |
| 2017 | $568K | $588K | $142K | $149K | — | View 990 |
| 2016 | $495K | $483K | $105K | $93K | — | View 990 |
| 2015 | $0 | $0 | $1 | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $891K, expenses of $1.1M, and assets of $179K (revenue -9.2% year-over-year).
- 2022: Revenue of $981K, expenses of $996K, and assets of $178K (revenue +38.1% year-over-year).
- 2021: Revenue of $710K, expenses of $746K, and assets of $285K (revenue +9.0% year-over-year).
- 2020: Revenue of $652K, expenses of $716K, and assets of $241K (revenue -6.6% year-over-year).
- 2019: Revenue of $698K, expenses of $711K, and assets of $201K (revenue +16.7% year-over-year).
- 2018: Revenue of $598K, expenses of $607K, and assets of $184K (revenue +5.2% year-over-year).
- 2017: Revenue of $568K, expenses of $588K, and assets of $142K (revenue +14.9% year-over-year).
- 2016: Revenue of $495K, expenses of $483K, and assets of $105K.
- 2015: Revenue of $0, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Coconut Grove Sailing Club Instructional Center Inc:
Data Sources and Methodology
This transparency report for Coconut Grove Sailing Club Instructional Center 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.