Corinthian Yacht Club Of Cape May

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Corinthian Yacht Club Of Cape May Form 990, Revenue, CEO Pay, and IRS Filing Signals

Corinthian Yacht Club Of Cape May is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Corinthian Yacht Club Of Cape May in one place.

Is Corinthian Yacht Club Of Cape May Legit?

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Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Across stored filings, Corinthian Yacht Club Of Cape May shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Request a concise report for Corinthian Yacht Club Of Cape May with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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Corinthian Yacht Club Of Cape May directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Corinthian Yacht Club Of Cape May

Corinthian Yacht Club Of Cape May (EIN: 216007748) is a nonprofit organization based in Cape May, NJ. The organization reported total revenue of $1.8M and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Corinthian Yacht Club Of Cape May's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Corinthian Yacht Club Of Cape May is a mid-size nonprofit that has been operating for 49 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 6.2%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Corinthian Yacht Club Of Cape May reported a surplus of $328K with revenue exceeding expenses, holds 24.8 months of operating reserves (strong position), has a debt-to-asset ratio of 17.6% (very low leverage).

Financial Trends

Over 14 years of filings (2010–2023), Corinthian Yacht Club Of Cape May's revenue has grown at a compound annual growth rate (CAGR) of 6.2%.

IRS Tax-Exempt Classification

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 Corinthian Yacht Club Of Cape May 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, Corinthian Yacht Club Of Cape May 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 $328K, with revenue exceeding expenses.
• Debt-to-asset ratio: 17.6%.

Executive Compensation Analysis

The Corinthian Yacht Club Of Cape May consistently reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based. This is highly favorable, as it means all revenue is directed towards the organization's operations and mission rather than executive salaries, especially for an organization with assets exceeding $2 million.

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 Corinthian Yacht Club Of Cape May's IRS 990 filings:

• NTEE code is unknown, hindering comparative analysis.
• Lack of detailed expense breakdown (program, admin, fundraising) in summary data.

Strengths

The following positive indicators were identified for Corinthian Yacht Club Of Cape May:

• Consistent revenue growth, particularly in recent years (e.g., $1,241,330 in 2023).
• Healthy asset base relative to liabilities ($1,886,009 assets vs. $331,859 liabilities in 2023).
• No reported officer compensation, indicating volunteer leadership and efficient use of funds.
• Generally positive net income, with revenues exceeding expenses in most recent periods.

Frequently Asked Questions about Corinthian Yacht Club Of Cape May

Filing History

IRS 990 filing history for Corinthian Yacht Club Of Cape May showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2010–2023), Corinthian Yacht Club Of Cape May's revenue has grown by 117.5%, moving from $571K to $1.2M. Total assets increased by 51.7% over the same period, from $1.2M to $1.9M. Total functional expenses rose by 60.8%, from $568K to $914K. In its most recent filing year (2023), Corinthian Yacht Club Of Cape May reported a surplus of $328K, with revenue exceeding expenses. The organization holds $332K in liabilities against $1.9M in assets (debt-to-asset ratio: 17.6%), resulting in net assets of $1.6M.

Year-by-Year Financial Summary

• 2023: Revenue of $1.2M, expenses of $914K, and assets of $1.9M (revenue +41.7% year-over-year).
• 2022: Revenue of $876K, expenses of $837K, and assets of $1.6M (revenue +8.5% year-over-year).
• 2021: Revenue of $808K, expenses of $698K, and assets of $1.5M (revenue +33.0% year-over-year).
• 2020: Revenue of $607K, expenses of $638K, and assets of $1.4M (revenue -24.8% year-over-year).
• 2019: Revenue of $807K, expenses of $765K, and assets of $1.5M (revenue +19.9% year-over-year).
• 2018: Revenue of $673K, expenses of $656K, and assets of $1.4M (revenue +9.6% year-over-year).
• 2017: Revenue of $614K, expenses of $638K, and assets of $1.5M (revenue +10.8% year-over-year).
• 2016: Revenue of $555K, expenses of $568K, and assets of $1.5M (revenue -25.9% year-over-year).
• 2015: Revenue of $749K, expenses of $700K, and assets of $1.5M (revenue +6.3% year-over-year).
• 2014: Revenue of $705K, expenses of $680K, and assets of $1.3M (revenue +0.9% year-over-year).
• 2013: Revenue of $698K, expenses of $659K, and assets of $1.3M (revenue +2.2% year-over-year).
• 2012: Revenue of $683K, expenses of $629K, and assets of $1.3M (revenue +21.7% year-over-year).
• 2011: Revenue of $561K, expenses of $589K, and assets of $1.2M (revenue -1.7% year-over-year).
• 2010: Revenue of $571K, expenses of $568K, and assets of $1.2M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Corinthian Yacht Club Of Cape May:

Data Sources and Methodology

This transparency report for Corinthian Yacht Club Of Cape May 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.