Corinthian Yacht Club Of Cape May

Corinthian Yacht Club Of Cape May shows consistent revenue growth and no reported officer compensation.

EIN: 216007748 · Cape May, NJ · Updated: 2026-03-28

$1.8MRevenue

$2.3MAssets

85/100Mission Score (Excellent)

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.

AI Transparency Report

The Corinthian Yacht Club Of Cape May demonstrates a consistent financial trajectory, with revenues generally exceeding expenses in recent years, leading to growth in assets. For instance, in 2023, revenue was $1,241,330 against expenses of $913,731, contributing to an increase in assets to $1,886,009. The organization's financial health appears stable, with a healthy asset base relative to its liabilities. The consistent reporting of 0% officer compensation across all available filings suggests a volunteer-driven leadership structure, which is a positive indicator for donor confidence and efficient use of funds.

However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, it's challenging to fully assess spending efficiency. The NTEE code being 'Unknown' also limits the ability to benchmark against similar organizations. While the absence of officer compensation is a strong point for transparency regarding executive pay, a more granular expense report would enhance the overall transparency assessment.

Overall, the club appears to be well-managed financially, showing growth and maintaining a solid asset position. The lack of reported officer compensation is a significant strength, indicating that resources are not being diverted to high executive salaries. Further transparency in expense allocation would provide a more complete picture of its operational efficiency.

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.

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

What are the specific program activities funded by the Corinthian Yacht Club Of Cape May?

The provided IRS 990 data does not detail specific program activities. Further investigation into the organization's public statements or detailed financial schedules would be needed to understand its programmatic spending.

How does the organization allocate its expenses between program, administrative, and fundraising costs?

The available IRS 990 summaries do not provide a detailed breakdown of expenses into program, administrative, and fundraising categories. This information is crucial for a complete assessment of spending efficiency.

What is the purpose of the significant increase in revenue and assets observed in the 2023 fiscal period?

In 2023, revenue increased to $1,241,330 from $876,308 in 2022, and assets grew to $1,886,009. The specific reasons for this substantial growth are not detailed in the summary data but could indicate successful fundraising, increased membership, or significant capital improvements.

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	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.2M	$914K	$1.9M	$332K	—	—
2022	$876K	$837K	$1.6M	$366K	—	—
2021	$808K	$698K	$1.5M	$317K	—	View 990
2020	$607K	$638K	$1.4M	$356K	—	View 990
2019	$807K	$765K	$1.5M	$438K	—	View 990
2018	$673K	$656K	$1.4M	$435K	—	View 990
2017	$614K	$638K	$1.5M	$499K	—	—
2016	$555K	$568K	$1.5M	$540K	—	View 990
2015	$749K	$700K	$1.5M	$528K	—	View 990
2014	$705K	$680K	$1.3M	$396K	—	View 990
2013	$698K	$659K	$1.3M	$430K	—	View 990
2012	$683K	$629K	$1.3M	$459K	—	—
2011	$561K	$589K	$1.2M	$475K	—	View 990
2010	$571K	$568K	$1.2M	$509K	—	View 990

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.

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.